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MBS Global Investments, a Dubai-based family office that manages the assets of Sheikh Nayef bin Eid Al Thani, has officially announced a massive $8.8 billion investment plan to develop a blockchain-based financial center and digital assets in the Maldives, according to Financial Times . Covering an area of over 830,000 square meters, the Maldives International Financial Center (MIFC) will be constructed in the center of the capital city of Malé. Imagine if a small Indian Ocean country generally associated with beaches and luxury resorts suddenly became home to 6,500 digital finance sector employees. MIFC is also anticipated to generate as many as 16,000 new employment. Strangely, the investment amount surpasses the yearly Gross Domestic Product of about $7 billion for the Maldives. Moreover, MIFC is meant to be a corporate tax-free zone and does not mandate business individuals to hold resident status to run. The major goal is obvious: to draw digital nomads who have recently been more seeking comfortable, technology-friendly and low-tax locations, global financial institutions, and fintech enterprises. On the other hand, this ambitious project runs parallel to Dubai’s drive to become a worldwide crypto center. Duba held the Token2049 event—a significant crypto conference with about 15,000 attendees from 160 countries—from April 30 to May 1, 2025. An expo blending technology and a luxury lifestyle, renowned DJs, and a Lamborghini procession were all there. However, Dubai is not just stopping at showing off. CNF previously reported that Trump Tower Dubai is now accepting crypto payments for condominium purchases. The Trump family is even reported to be developing a new exchange platform and a number of other crypto events. It is clear that the signal to blend property and blockchain is getting brighter. Meanwhile, Dubai’s Virtual Asset Regulatory Authority (VARA) recently issued a regulation requiring disclosure of the identities of whales—aka large token holders. They want to reduce the potential for market manipulation. But the challenge is how to monitor transactions that are essentially pseudonymous. Interestingly, global flows are actually shifting to the United States. Several crypto companies, such as Deribit from Dubai, OKX from the Seychelles, and Nexo from Bulgaria, are considering opening offices in the US, following the relaxation of regulations under the Trump administration. Although this might be a direct rival to the MIFC proposal, this trend shows that places like Dubai and the Maldives are vying for position on the world crypto map. For the Maldives, which is under pressure to pay off foreign loans of $600–$700 million this year and around $1 billion by 2026, the MIFC project is also a motivating event. The local government greets the initiative as a fresh kind of corporate cooperation not to load the nation like traditional loan practices.

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🇺🇸 NEW: Trump’s crypto-friendly stance is drawing global firms to the US, according to the Financial Times. Deribit, OKX, Nexo, Wintermute, and DWF Labs are among the latest exploring market expansion

📰 Top Headlines 🇺🇸 U.S. Embraces Crypto President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, utilizing approximately 200,000 BTC held by the U.S. government. This move is part of a broader initiative to position the U.S. as a global hub for digital assets, attracting firms like Deribit, OKX, and Nexo to expand operations stateside.   📱 Apple Adjusts App Store Policies Apple has lifted restrictions on crypto app developers, allowing them to direct users to external payment options without incurring hefty fees.  🌐 Pi Network Activates Mainnet Wallets Pi Network has introduced a Mainnet Wallet Activation feature, enabling verified users to access the Pi Mainnet Blockchain more seamlessly.

In today’s trading update, $QTUM and $CEL are making waves with notable volatility. $QTUM surged by 7% following news of a strategic partnership aimed at expanding its smart contract capabilities. Meanwhile, $CEL experienced a 5% dip as investors reacted to regulatory scrutiny concerns in key markets. On the DeFi front, $SNX displayed strong resilience, climbing 6% amid rising demand for synthetic assets. Similarly, $BAL showed a steady upward trend, closing the session up 4% supported by increased liquidity mining rewards. Crypto derivatives also caught attention, with $BTG gaining 8% after a major exchange announced new futures contracts. Likewise, $DGB posted a 5% rally, driven by enhanced network upgrades enhancing transaction speeds. Traders should keep an eye on $NEXO, which broke out of its recent consolidation phase, rising 6% on the back of promising quarterly earnings results. Overall, the market reflects selective enthusiasm towards protocols delivering real-world utility and solid development updates, even as some tokens face headwinds from external factors.