Bitcoin clawed back above $76,000 at the start of the week, holding firmer than much of the wider digital-asset market even as decentralised finance absorbed the shock of a major exploit tied to KelpDAO that has drained close to $300 million and triggered a sharp retreat in capital across lending and restaking platforms. Market pricing on 21 April showed bitcoin near $75,745 after touching an intraday high […]
Arabian Post Staff -Dubai Commercial traffic through the Strait of Hormuz ground back towards paralysis on Monday after a short-lived and disorderly weekend reopening gave way to the first US seizure of an Iranian-flagged vessel, sharpening fears that one of the world’s most important energy chokepoints may remain only intermittently usable even under a fragile ceasefire. The immediate trigger was the interception of the cargo ship Touska, […]
Asteroid, a little-known meme coin tied to a Shiba Inu character called “Asteroid”, surged after a social media chain involving broadcaster Glenn Beck and Elon Musk drew intense attention to the story of Liv Perrotto, a 15-year-old from Pennsylvania whose design had been linked to SpaceX symbolism. Crypto trackers and market sites showed the token posting a violent jump before giving back part of the move, underlining […]
Arabian Post Staff -Dubai UAE officials used the World Bank Group and IMF Spring Meetings in Washington to press a broader case for stronger multilateral coordination, flexible fiscal policy and wider financial partnerships, as the gatherings unfolded against a darker global backdrop of slower growth, energy-market strain and rising uncertainty. The delegation, led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said the […]
Bitcoin held above $74,000 through the latest stretch of trading, finding support from a softer-than-feared U. S. inflation reading while still facing a macro backdrop that remains far from comfortable for risk assets. The token’s ability to stay near that level has drawn attention because it came as March consumer prices in the United States rose 3.3% from a year earlier, a pace that was below some […]
Hackers exploited a cross-chain bridge tied to liquid restaking protocol Kelp DAO on Saturday, draining about $290 million in rsETH and sending shockwaves through decentralised finance markets as the losses spread into lending platforms and renewed questions over the security of multichain infrastructure. Bloomberg reported the theft at nearly $300 million, while market and on-chain reports put the value at roughly $292 million to $294 million. […]
Arabian Post Staff -Dubai Prestige One Developments has begun handing over Vista, a 140-home residential project in Dubai Sports City, marking a delivery milestone for the developer as it expands construction activity across the emirate. The handover comes as Prestige One says it has more than 20 active developments under way and about 2,500 residential units under construction, underscoring how mid-sized developers are trying to convert off-plan […]
Arabian Post Staff -Dubai Fresh instability swept across the Middle East on Saturday after Iran reimposed restrictions on vessel traffic through the Strait of Hormuz and Israeli forces struck targets in Lebanon, denting market optimism that a broader easing of tensions was close at hand. The renewed disruption came less than a day after signs of limited progress had lifted hopes for safer shipping through the narrow […]
Arabian Post Staff -Dubai The Integrated Transport Centre, an affiliate of Abu Dhabi’s Department of Municipalities and Transport, has held its annual ceremony to honour strategic partners, using the event to spotlight the role of public-private collaboration in shaping the emirate’s transport ambitions. The gathering in Abu Dhabi came as the transport authority continues to widen its work with technology firms, mobility operators and infrastructure partners […]
Arabian Post Staff -Dubai Smart mirrors are moving beyond novelty status and into the broader smart home conversation as manufacturers pitch them as practical devices for grooming, fitness, wellness and household control. What began as a niche category tied to luxury bathrooms and connected exercise is being reshaped by cheaper components, better voice software and wider smart home compatibility, although the sector still faces questions over privacy, […]
Polygon has launched a native liquid staking token called sPOL, a move designed to free up roughly $330 million worth of staked POL for use across decentralised finance, while drawing fresh market attention to whether the network can convert technical upgrades into stronger token demand. The launch gives users who stake POL on Polygon’s proof-of-stake network a liquid token in return, allowing them to keep earning staking […]
Polygon has launched a native liquid staking token called sPOL, a move designed to free up roughly $330 million worth of staked POL for use across decentralised finance, while drawing fresh market attention to whether the network can convert technical upgrades into stronger token demand. The launch gives users who stake POL on Polygon’s proof-of-stake network a liquid token in return, allowing them to keep earning staking […]
Ethereum held its upward footing even after blockchain data showed Aztec-linked wallets sending millions of dollars’ worth of ether to Coinbase, a transfer that would normally stir fears of near-term selling pressure in a market still sensitive to large treasury moves. The transaction that drew attention amounted to about 12,000 ETH, valued near $37 million at prevailing prices, and followed Aztec’s broader fund-raising cycle tied to its […]
Solana’s network activity has moved into new territory, with data compiled by Artemis showing the blockchain generated about $1.1 trillion in total economic activity in the first quarter of 2026, the first time it has crossed the trillion-dollar mark in a single quarter. The figure has drawn attention because it arrived during a broader crypto market pullback, suggesting Solana’s ecosystem remained heavily used even as digital asset […]
Arabian Post Staff -Dubai UAE equities closed higher on Friday, extending a second straight week of gains as traders responded to signs that Washington and Tehran may keep diplomatic channels open, lifting sentiment across Gulf markets and pushing Dubai to its highest level in about six weeks. Dubai outpaced Abu Dhabi, with buying concentrated in banking and property names as investors weighed the prospect of lower geopolitical […]
OpenAI has moved deeper into the scientific market with the launch of GPT-Rosalind, a specialist artificial intelligence model designed for biology, drug discovery and translational medicine, marking the company’s first dedicated push into life sciences as pharmaceutical groups and research institutes race to test whether advanced reasoning systems can shorten the slow and costly path from laboratory insight to new treatments. Announced on April 16, GPT-Rosalind is […]
Arabian Post Staff -Dubai Abu Dhabi has moved to expand lower-cost rental housing through a new partnership between the Department of Municipalities and Transport and Aldar, with the two sides planning about 9,000 value housing units across Mohamed Bin Zayed City and Baniyas in a scheme aimed at easing pressure on tenants and broadening access to professionally managed homes. The projects, announced on 17 April, sit within […]
Singapore Gulf Bank has launched a USDC mint-and-redeem service on the Solana blockchain, opening a round-the-clock channel for corporate and high-net-worth clients to move between fiat currency and digital dollars directly from their bank accounts as it pushes deeper into cross-border payments and treasury services. The bank said the product is designed to bypass delays tied to correspondent banking and standard settlement windows, offering near-instant conversion and […]
Arabian Post Staff -Dubai Emirates and Wesgro have signed a memorandum of understanding aimed at increasing inbound travel to Cape Town and the Western Cape, giving the province a fresh marketing and air-connectivity push at a time when South Africa’s visitor numbers have climbed above pre-pandemic levels. The agreement was formalised on 16 April on the sidelines of World Travel Market Africa in Cape Town and was […]
Dogecoin climbed on Friday, extending a 24-hour advance that outpaced some larger digital assets and lifted sentiment across the meme-coin corner of the market, as traders responded to a burst in turnover and a broader recovery in risk appetite. Market trackers showed DOGE trading near 9.8 US cents on 17 April, with daily volumes above $2.5 billion and sharply higher than the previous day, pointing to […]
Arabian Post Staff -Dubai Dubai has completed its first purpose-built station for electric vertical take-off and landing air taxis near Dubai International Airport, marking a tangible step in the emirate’s bid to introduce commercial aerial taxi services before the end of 2026. The four-storey facility, presented by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, is designed as the main operational hub for a new urban air […]
Arabian Post Staff -Dubai Sequoia Capital has raised about $7 billion for a new fund, giving one of Silicon Valley’s best-known venture firms fresh firepower to back its largest and most expensive bets, especially in artificial intelligence, according to people familiar with the discussions. The fundraising marks the first major capital raise under the firm’s newer leadership era and arrives as investor appetite has swung sharply toward […]
Arabian Post Staff -Dubai Dubai has moved to widen the role of small and medium-sized enterprises in its property market after Dubai SME and Dubai Land Department signed a memorandum of understanding aimed at giving entrepreneurs greater access to owners’ associations and real-estate operations, as the emirate pushes ahead with a broader strategy to deepen private-sector participation in one of its strongest growth industries. The agreement, announced […]
Arabian Post Staff -Dubai Object 1 has made its first formal move into Abu Dhabi with the launch of A1LA Residence on Al Reem Island, a 171-unit residential tower that signals the developer’s intention to build a longer-term presence in the capital rather than test the market with a one-off scheme. The project, announced on Thursday, is set on one of Abu Dhabi’s busiest apartment investment corridors […]
