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Solana (SOL) Struggles Below $145 Amid Cooling Network Activity

Cryptonite UAE

Solana’s native token, SOL ($133.74), has failed to hold above the $145 level for the past four weeks, primarily due to a decline in network activity and reduced interest in decentralized applications (DApps). Key Takeaways: Falling TVL and DApp Revenue: Solana’s Total Value Locked (TVL) has dropped by over $10 billion since its $15 billion … Read more

Save the Children Launches Long-Term Bitcoin Humanitarian Fund

Cryptonite UAE

Save the Children is significantly expanding its use of digital assets by launching a specialized Bitcoin-focused humanitarian fund. This initiative is one of the most ambitious crypto projects undertaken by a major global charity. Key Strategy and Takeaways Long-Term Holding: Unlike standard practice, the charity will not convert donated Bitcoin (BTC) immediately into fiat currency. … Read more

ADNOC Distribution Pilots UAE’s Regulated Digital Dirham for Fuel and Retail Payments

Cryptonite UAE

ADNOC Distribution, one of the region’s largest networks of fuel and convenience outlets, is launching a major retail pilot to allow customers to pay for fuel and in-store purchases using the AE Coin, the UAE’s government-approved, dirham-backed stablecoin. Key Points Partnership: The retailer is partnering with Al Maryah Community Bank, which provides the payment infrastructure … Read more

CellPay Acquires Tila Top Up, Expands Retail Network to Boost Financial Inclusion in the US

Cryptonite UAE

Payment technology firm CellPay has acquired Tila Top Up, a platform specializing in prepaid and digital recharge services. This strategic move is intended to significantly expand CellPay’s retail network and further its mission of advancing financial inclusion for underserved communities across the US. Key Outcomes of the Acquisition: Expanded Footprint: The acquisition immediately adds thousands … Read more

Coinbase Partners with Kalshi to Launch Prediction Market, Aiming for “Everything Exchange” Status

Cryptonite UAE

Coinbase, the largest US-based cryptocurrency exchange, is set to launch its own prediction market in collaboration with Kalshi, a major federally regulated financial exchange. Key Developments and Strategy Prediction Market Launch: Anticipation for the prediction market has been building, with a formal unveiling expected at the “Coinbase System Update” event scheduled for December 17. A … Read more

Pyth Network to Use Revenue for Token Buyback Reserve Strategy

Cryptonite UAE

The Pyth Network, a blockchain oracle provider, has announced a strategy to convert a portion of its protocol revenue into purchases of its native PYTH token to establish a network reserve. The decentralized autonomous organization (DAO) will use one-third of the protocol’s revenue to buy PYTH tokens on the open market. Pyth stated the goal … Read more

Jupiter Unveils Eight Major Upgrades at Solana Breakpoint 2025, Transforming into a Full DeFi Hub

Cryptonite UAE

Jupiter, the leading decentralized exchange (DEX) aggregator on the Solana network, announced a comprehensive suite of eight major platform upgrades at Solana Breakpoint 2025. These changes are designed to expand Jupiter’s services beyond simple token swaps, simplifying DeFi for users, enhancing safety, and establishing the platform as a complete DeFi ecosystem. Key Upgrades Driving Growth … Read more

Crypto Biz Recap: Ripple’s Valuation, Tokenized Funds, and NYSE Listings

Cryptonite UAE

This article covers several key developments in the crypto space, focusing on Ripple’s substantial valuation, the launch of a new tokenized options fund by WisdomTree, and the NYSE listings of Bitwise’s crypto index fund and Jack Mallers’ Twenty One Capital. Ripple Secures $40 Billion Valuation and Institutional Backing Despite a prolonged legal battle with the … Read more

Pakistan Partners with Binance to Tokenize $2 Billion in Sovereign Assets

Cryptonite UAE

The Pakistani government is rapidly advancing its Web3 adoption strategy through a major collaboration with Binance, aiming to tap into global liquidity to boost its national economy. On December 12, 2025, an important non-binding Memorandum of Understanding (MoU) was signed between Finance Minister Muhammad Aurangzeb and Binance CEO Richard Teng (with Changpeng Zhao/CZ present). Under … Read more

Phantom Integrates Regulated Prediction Trading with Kalshi Partnership

Cryptonite UAE

Phantom, a prominent crypto wallet, has significantly expanded its functionality by integrating a prediction trading hub directly into its application. This feature, created through a partnership with the federally regulated event trading exchange Kalshi, allows users to trade on the outcomes of real-world events—such as sports, politics, and economics—without having to leave the wallet interface. … Read more

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