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StraitsX Expands Stablecoin Payment Network Across Asia, Starting with Singapore-Thailand Corridor

Cryptonite UAE

StraitsX, the Singapore-based company, is significantly expanding its stablecoin-based payment network across Asia, set to connect Singapore, Thailand, Taiwan, and Japan with real-time cross-border settlement infrastructure launching in the second quarter of 2026. 🇹🇭🇸🇬 Initial Focus: Singapore-Thailand Interoperability The expansion kicks off with a partnership with Kasikornbank (KBank) of Thailand to achieve QR code payment … Read more

Stream Finance Suspends Operations After $93 Million Fund Loss; Stablecoin XUSD Plummets

Cryptonite UAE

Stream Finance, a decentralized finance (DeFi) protocol, has suspended all deposits and withdrawals after an external fund manager disclosed a significant loss of approximately $93 million in the protocol’s managed assets. Investigation and Operational Freeze The Stream team announced they have retained legal counsel, including Keith Miller and Joseph Cutler of law firm Perkins Coie, … Read more

AIAO Token: The New Utility Player in AI Trading with AlgosOne.ai

Cryptonite UAE

The cryptocurrency market is often flooded with tokens that overpromise and underdeliver. However, the AIAO token, launched in August 2025, is positioning itself as a utility-focused asset tied to an already functioning and growing platform: AlgosOne.ai. The AlgosOne.ai Advantage AlgosOne.ai, operational since 2022, is an adaptive machine-learning trading platform that has been gaining quiet traction, … Read more

OceanPal Launches SovereignAI with $120M Raise, Targeting 10% of NEAR Tokens for ‘Universal AI Sovereignty’

Cryptonite UAE

Nasdaq-listed shipping company OceanPal Inc. has raised $120 million through a private investment in public equity (PIPE) deal to launch a new, AI-focused subsidiary called SovereignAI. This venture aims to commercialize the NEAR Protocol and develop cutting-edge artificial intelligence infrastructure. 🧠 The Strategy: NEAR Integration and AI Sovereignty Crypto Treasury Strategy: SovereignAI announced plans to … Read more

Pump.fun Acquires Multichain Trading Terminal Padre

Cryptonite UAE

The memecoin launchpad pump.fun announced today it has acquired Padre, a multichain trading terminal. Padre, which operates on Solana, Base, Ethereum, and BNB Smart Chain, is a competitor in the trading bot space, currently holding about 5% market share. This acquisition is the latest step in pump.fun’s strategy to control the entire memecoin trading pipeline, … Read more

Aerodrome Introduces “Aero Launch” and “Aero Ignition” to Revolutionize Token Issuance on Base

Cryptonite UAE

Aerodrome has announced two major initiatives, “Aero Launch” and “Aero Ignition,” aimed at significantly improving community-based token issuance and liquidity provisioning within the Base ecosystem. This development is designed to streamline the launch process for new assets and enhance market-driven liquidity. Through Aero Launch, any new token can immediately establish a trading pool on the … Read more

Laos to End Electricity Supply to Crypto Mining by Early 2026, Prioritizing AI and EV Manufacturing

Cryptonite UAE

Laos is set to halt all electricity supply to cryptocurrency mining farms by the first quarter of 2026. This strategic move, announced by Deputy Energy Minister Chanthaboun Soukaloun, signals a major shift in the country’s economic priorities, aiming to reallocate power toward sectors with greater perceived economic value, such as AI data centers, electric vehicle … Read more

Aster DEX Halts ASTER Airdrop Amid Allocation Irregularities and Insider Allegations

Cryptonite UAE

Aster DEX has temporarily paused its ASTER token airdrop following widespread user complaints regarding inconsistent and lower-than-expected token allocations. The suspension was triggered by an internal review that revealed irregularities in the distribution data, with some users receiving smaller rewards than their activity suggested. The team is currently re-verifying snapshot calculations tied to user engagement … Read more

Upbit Lists AI-Driven DeFi Token Infinit (IN) in South Korean Won (KRW) Market

Cryptonite UAE

Upbit, South Korea’s largest cryptocurrency exchange, has expanded the trading options for the Infinit (IN) token by officially listing it on the Korean Won (KRW) market on October 10. This move follows the initial introduction of Infinit against Bitcoin (BTC) and Tether (USDT) trading pairs on September 24, 2025. The strategic listing into the KRW … Read more

Bakkt (BKKT) Stock Soars Over 170% Following Major Analyst Upgrade and Strategic Shift

Cryptonite UAE

Shares of Bakkt Holdings (BKKT) have experienced a massive rally, jumping 17% on Tuesday and climbing more than 170% over a two-week period. This surge was primarily driven by Benchmark Company more than tripling its 12-month price target for BKKT to $40. The stock’s appreciation pushed it above the $30 mark for the first time … Read more

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