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Dubai Royal Family Invests in a Samsung-Backed Blockchain Company

Samsung-Backed Blockchain Firm Launches in UAE After Securing $16M

Huobi Group has announced the expansion of its footprint in the MENA region, launching its white-label digital asset exchange services at its office in Dubai, UAE. Huobi is the latest firm to leverage the blockchain-friendly attitude of the UAE, where the government has committed to a strategic agenda for adopting the technology.

Huobi Cloud enables exchange operators to leverage Huobi’s platform for launching their own exchange. In exchange for a share of the profits, Huobi Cloud partners can stamp their own brand onto a cryptocurrency exchange, with access to Huobi’s desktop and mobile trading platforms, order book, liquidity, and over 450 digital asset trading pairs. It’s part of Huobi’s broader expansion plans, for which it recently raised 500 million Japanese Yen ($4.5m.)

According to the press release accompanying the Huobi announcement, 5.2% of people in the UAE hold some form of cryptocurrency. However, given the rapid pace of blockchain adoption by enterprises and the government, that figure is likely to be growing. This month alone, there has been a slew of blockchain and crypto-related news emerging from the region.

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The desert where blockchain sprouts? In early October, enterprise blockchain provider Blocko confirmed it was launching in the UAE, thanks to a partnership with SEED group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. Blocko will be working with operating platform Aergo to implement hybrid public-private blockchain for the UAE government and enterprises throughout the nation.

The announcement is the latest news from the UAE government’s strategy to move 50% of its transactions onto the blockchain by 2021. The strategy is aiming to save 11 billion AED (~$3 billion) in transaction and documentation costs each year, as well as 77 million work hours.

Later in the month, the Department for Urban Planning and Municipalities announced it would be moving its land registry records to the blockchain. At the same time, Dubai authorities stated their intention for a similar initiative for business registrations.

Shortly afterward, the Dubai Chamber of Commerce and Industry confirmed it had signed a Memorandum of Understanding with government-owned bank, Emirates NBD. The MoU covers the provision of trade finance solutions for Dubai’s Digital Silk Road, which uses blockchain to digitize trade processes.

Meanwhile, cryptocurrency users in the region recently received good news from regulators. The UAE Securities and Commodities Authority (SCA) drafted a resolution that aims to give greater clarity to crypto-related projects, providing confidence to business owners wanting to operate in the space.

Although it’s not clear if this resolution is related to the news of Huobi Cloud’s expansion into the UAE, it’s bound to be good news for the Singapore exchange giant’s growth plans. Huobi recently signified the health of its revenues with an 11 million burn of its HT tokens, worth over $40 million.

Disclosure: This article was edited by Sarah Rothrie. For more information on how we create and review content, see our Editorial Policy.

Aergo protocol stirred up a buzz across the broader crypto industry on Tuesday as its native token AERGO price skyrocketed nearly 25% on an important update from Binance. The leading crypto exchange announced perpetual contract launch for the token, stirring investor enthusiasm across the market. Crypto enthusiasts continue to speculate whether the listing could spark an uptrend for the token ahead.

Binance Launches AERGO Futures Listing As per an official Binance announcement dated September 10, the crypto exchange revealed that it is launching futures trading for AERGO USD-Margined perpetual contract (AERGOUSDT) starting today at 12:15 UTC. Traders on the platform can enjoy up to 75x leverage trading the digital asset.

This decision by the crypto exchange comes as a mover to “expand the list of trading choices offered and enhance users’ trading experience” on the platform. The underlying asset remains Aergo protocol.

It’s worth noting that the capped funding rate set by the exchange was at +2.00% / -2.00%. However, the CEX also clarified that it may adjust the specifications of the listing contract based on market conditions. This includes changes in the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.

Meanwhile, the protocol’s community on X recently revealed that it is readying a V4 update to enhance network compatibility and fix minor issues on the protocol’s ecosystem. With 95% of the work for this V4 update is completed, the testnet launch remains poised for mid-September. Also, the mainnet hard fork is set to go live by the end of September. These developments, altogether, have garnered significant investor attention on the AERGO token amid its price upswing.

Token Price Surges 25% AERGO price soared nearly 25% from its 24-hour low to trade at $0.1054 at press time. The coin’s intraday low and high were $0.08566 and $0.111, respectively. AERGO’s 24-hour trading volume surged by a whopping 1951.48% today, sparking a buzz among market participants. This price upswing primarily aligns with the top crypto exchange‘s futures listing announcement weighing in.

As seen previously, Binance futures listing for Rocket Pool (RPL) sparked a phenomenal price uptick for the Ethereum liquid staking protocol, CoinGape Media reported. Similarly, the AERGO price upswing witnessed today aligns with the exchange’s listing announcement, with the V4 upgrade adding to optimism on future movements. Notably, since September 10, the coin has noted nearly 13% gains in its value, cementing optimism among market participants.

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Attorneys for former Alameda Research CEO Caroline Ellison asked that she be spared a prison sentence for her role in the FTX collapse, citing her “extraordinary cooperation” in testifying against FTX founder Sam Bankman-Fried.

In a Sept. 10 court filing, they noted that the Probabtion Department had recommended three years of supervised release instead, and highlighted Ellison’s key role in securing Bankman-Fried’s conviction.

She faces up to 110 years in prison but is likely to receive a lighter sentence due to her assistance.

Bankman-Fried Instructed Ellison To Compile False Balance Sheets Ellison provided the most damning testimony during Bankman-Friend’s trial, which subsequently led to his 25-year prison sentence.

Ellison described how Bankman-Fried instructed her to compile misleading balance sheets for investors. She also revealed how the FTX founder pursued risky investments knowing full well that it would lead to a draw down for investors. 

Ellison “poses no risk of recidivism and presents no threat to public safety,” Ellison’s attorneys said in the filing. Her “early disclosure of the crimes, her unmitigated acceptance of responsibility for them,“ as well as the three days she testified as a government witness against Bankman-Fried were listed in the filing as reasons for the court to grant her leniency.

Caroline Ellison's lawyers want to redact parts of her sentencing submission because she "has been the focus of intense media scrutiny and Internet fascination" pic.twitter.com/d2d8Ip98oS

— Jacob Shamsian ⚖️ (@JayShams) September 10, 2024

Diary entries and statements showing Ellison’s cooperation with FTX’s bankruptcy estate were also a part of her sentencing submission, along with letters from former colleagues, friends and family. 

Caroline Ellison Faces Up To 110 Years In Prison Ellison pleaded guilty to seven counts of wire fraud, money laundering, commodities fraud and securities fraud in commingling of FTX and Alameda Research funds.

If given the maximum allowable sentence, Ellison could be sentenced to 110 years in prison, although legal experts say her cooperation and testimony make this unlikely.

Ellison is scheduled to appear in court for her sentencing on Sept. 24.

Former FTX engineering director Nishad Singh and the exchange’s co-founder Gary Wang will have their sentencing hearings on Oct. 30 and Nov. 20, respectively.  Wang and Singh also pleaded guilty.

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Table of contents

Onyxcoin led daily crypto gainers with a 100.5% surge, trading at $0.02 on April 11, 2025.   Aergo, Swiftcoin, Orca, and WEMIX followed with strong 24-hour price gains and market activity.   Top gainers traded on Binance, Coinbase, and Bybit, reflecting high liquidity and investor demand.   On April 11, 2025, the crypto market witnessed a surge in select digital assets, with Onyxcoin (XCN) emerging as the top-performing token of the day. According to data from Phoenix Group, the daily market gainers list featured ten tokens that recorded price increases within 24 hours. These price movements reflected increased market activity, short-term bullish momentum, and potential project developments affecting investor sentiment.

The assets listed were traded across leading cryptocurrency platforms, including Binance, Coinbase, and Bybit, indicating high liquidity and accessibility for retail and institutional participants.

Onyxcoin Registers 100.5% Daily Price Surge Onyxcoin (XCN) led the daily gainers with a 100.5% price increase, making it the most performer on April 11. The asset was trading at $0.02, bringing its market capitalization to $749.8 million. This rise placed XCN ahead of other gainers, highlighting an increase in demand within a short time frame.  

Aergo (AERGO) was next, increasing its trading value by 82.8% of its price. It was trading for $0.20 per token and had a total market cap of $109,800,000. Swiftcoin (SWFTC) held the third place on the list due to an increase of 48.6% in its price, now trading at $0.01. Its market capitalization was reported at $152.5 million.

Orca, ZircuIt, and WEMIX Show Notable Market Performance. Other tokens that showed good appreciation in the space are ORCA that appreciated by 44.7%. ORCA has been priced at $2.84, with the company achieving a market value of $158.6 million. AFL was up by 37.8%, it rising to $0.03 in the same period as ZircuIt (ZRC). 

WEMIX (WEMIX) advanced by 26.4%, trading at $0.70. Despite a lower percentage increase than XCN and AERGO, WEMIX stood out with one of the highest market capitalizations among the listed assets, valued at $292.6 million.

Remaining Tokens Record Moderate Price Increases   Spearx (SPA) gained 26% to trade at $0.01. XYO Network (XYO) recorded a 22.8% increase within the 24-hour window, also trading at $0.01. VIDT Datalink (VIDT) gained 20.1%, reaching a trading price of $0.01.  

Curve (CRV) completed the list of daily gainers with an 18.4% increase in price. CRV traded at $0.59 and reported the largest market capitalization among the day’s top gainers, standing at $786.9 million.  

Trading Platforms Support High Liquidity Across Gainers   All ten assets listed as top gainers were actively traded across some of the industry’s most recognized centralized exchanges. The availability of these tokens on platforms like Coinbase, Binance, and Bybit contributed to increased liquidity and investor participation during the trading day.  

This kind of movement, particularly in one direction in a single day, refers to movements of the short-term market, and high trading activities are usually experienced around certain assets. Due to broad market indicators, it was expected to be different in that the performance of the gains was inclined within some tokens, and each of them demonstrated different price actions within their trading index.

AUTHOR

Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.

The Aergo token has experienced a notable surge following significant announcements from the Binance and DigiFinex exchanges. Within just one day, the token rose by 18%, reaching a new peak of $0.51. The developments, which have sparked excitement within the community, have allowed Aergo to regain investor interest, particularly due to Binance’s decision regarding perpetual contracts.

Binance Announcement Triggers Price IncreaseIn a statement from Binance, the exchange announced the launch of perpetual contracts for Aergo in USDT trading pairs. This news quickly garnered intense interest among investors. Following the announcement, Aergo’s price surged to $0.51, with recent data indicating a 23% increase in the token’s value.

However, not everyone welcomed Binance’s move positively. Critics on social media pointed out the exchange’s previous decision to delist Aergo, questioning the timing of this new offering. Some commentators suggested that the action prioritized the exchange’s own interests. Nevertheless, the price increase is seen as a strong signal in terms of market dynamics.

Additionally, Aergo’s 24-hour trading volume has increased by 35%. This significant rise in market capitalization supports upward expectations for the token’s ranking. Some market participants speculate that Aergo could potentially enter the Top 100 cryptocurrencies in the near future.

DigiFinex Listing and New ExpectationsDigiFinex has officially announced the listing of the Aergo token in the USDT trading pair. With this development, Aergo has regained visibility on major exchanges. The announcement included details about the timing of the listing and trading pair, further engaging investors. It was also reported that other tokens have been listed on the platform, indicating a heightened interest from DigiFinex users.

The increased interest in Aergo due to this new listing has positively impacted the token’s liquidity and trading volume. During this period, investors are closely monitoring developments from both Binance and DigiFinex. Notably, past incidents involving claims denied by Binance’s founder have resurfaced in discussions.

In the cryptocurrency market, exchange announcements can quickly influence investor psychology. As seen with Aergo, price movements are shaped not just by technical analysis but also by the decisions made by exchanges. Recent developments have increased medium-term optimism towards Aergo.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Table of contents

XEM leads daily gains with 37.9% surge, showing strong market buying interest. FUN and Aergo post significant double-digit growth amid active trading sessions. Sei holds largest market cap at $1.2B, reflecting broad investor confidence. As reported by Phoenix Group, on June 21, 2025, the crypto market experienced major daily gains across a range of digital assets. XEM (NEM) led the list with a 37.9% increase in price, followed by large rises in other projects such as FUN, Aergo, and Flock.

XEM showed the highest daily gain on June 21, jumping 37.9% to reach $0.0067 per token. This rise pushed its market capitalization to approximately $61.8 million. The increase in XEM’s price indicates a surge in trading volume and buying interest during the trading session, making it the standout performer for the day.

FUN and Aergo Post Double-Digit Gains Funtoken (FUN) followed with a 31.3% price increase, also closing at $0.0067. Its market cap stood at $72.3 million, marking it as one of the more actively traded tokens among the daily gainers. Aergo posted a 15.4% gain, with the token priced at $0.14 and its market value reaching $69.3 million. These figures display strong price appreciation for both assets amid market movements.

Beyond the top three, several other cryptocurrencies registered gains ranging from 5% to over 13%. Flock rose 13.3%, trading at $0.16 and holding a market cap of $18.5 million. Quai Network increased 10.3% to $0.092, with a market capitalization of $45.7 million. Magic also posted gains of 7.8%, priced at $0.16 and valued at $50.5 million. Liquity (LQTY) increased 7.2%, trading at $1.14 with a market cap of $111.2 million.

Sei, Aethir (ATH), and Alex Lab (ALEX) rounded out the list of daily gainers with more rises. Sei advanced 6.9% to $0.22, maintaining the highest market capitalization among the group at $1.2 billion. Aethir increased 5.9%, trading at $0.035 and holding a market value of $346.2 million. Alex Lab gained 5.1%, priced at $0.017 with a market capitalization of $17.5 million.

These cryptocurrencies are actively traded on major exchanges, including Binance, Coinbase, and Bybit. Their presence on leading platforms guarantees adequate liquidity and accessibility for traders and investors. The wide range of market capitalizations—from $17.5 million for Alex Lab to $1.2 billion for Sei—highlights diversity in project scale and investor interest.

AUTHOR

Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.

After a turbulent week that saw sharp swings across both stock and cryptocurrency markets, the global cryptocurrency market cap has stabilized at an impressive $2.7 trillion as of Sunday, reflecting a 3.3% change in the last 24 hours.

Total daily trading volume reached $51 billion as Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) all experienced losses.

According to CoinGecko, which tracks over 17,000 cryptocurrencies, several altcoins are making notable moves in the market. Among the largest gainers on Sunday were:

Undeads Games Ampleforth Governance Aergo. Each token shows significant upward momentum as investors seek new opportunities in a volatile landscape. Here’s where they currently track.

At last check, Undeads Games was up over 75%. See below.

Source: CoinGecko The token, a key aspect of the survival Web3 game, allow users to earn tangible rewards through their in-game actions and achievements.

Ampleforth Ampleforth launched its governance token in 2022. The goal was to give holders the right to vote on key parameter changes in the ecosystem while also functioning as a tool for members of its community to steer the continued evolution of Ampleforth.

At last check Sunday, FORTH was up 50%. See below.

Source: CoinGecko Aergo Then there’s Aergo. Binance recently delisted the altcoin, along with AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA).

On Sunday, however, the token rallied. See below.

Source: CoinGecko As the week kicks off, crypto enthusiasts and traders are eyeing these developments closely, wondering if this uptick is the beginning of a new bullish trend or just another short-term rally in an otherwise unpredictable market.

One thing’s for certain—the volatility of the crypto space is far from over, but it’s clear that some projects are emerging from the storm stronger than ever.

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