Circle Secures UAE Approval to Boost USDC Operations in the Middle East

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The post Circle Secures UAE Approval to Boost USDC Operations in the Middle East appeared first on Coinpedia Fintech News

Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments network to grow USDC adoption. Meanwhile, the firm remains in a quiet period following its IPO filing in the United States.

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Pump.fun Confirms Plans for PUMP Token Launch Aiming to Raise $1 Billion

Pump.fun is preparing to launch its own token, with plans to raise as much as $1 billion in initial sales. According to some reports, the sale could value the project’s token at around $4 billion.

The token will be offered to both private and public investors. Reports suggest the sale could take place within the next two weeks, although no official date has been announced.

BeInCrypto earlier reported that the launch could take the form of either an airdrop or a Liquidity Bootstrapping Pool (LBP). Each option comes with trade-offs, but the project has not yet disclosed which route it will take.

Speculation around the launch intensified today after Bybit renamed a previously listed token. The token, originally called ‘PUMP’, was tied to PumpBTC, a liquid staking protocol for Babylon. 

Bybit changed the ticker to ‘PUMPBTC’, leaving ‘PUMP’ available.

This move triggered fresh discussion within the crypto community, with many pointing to a likely token launch by the Solana-based platform. That speculation has now been confirmed.

Pump.fun has not released further technical or tokenomic details yet. 

This is a developing story, and more information is expected in the coming days.

The post Pump.fun Confirms Plans for PUMP Token Launch Aiming to Raise $1 Billion appeared first on BeInCrypto.

Dogecoin Price Analysis: Whales Offload 170M DOGE Amid $7M Losses

Dogecoin (DOGE) has dropped significantly in the last 24 hours, with a nearly 10% decline to trade at $0.215 today, May 17. This decline coincides with an increase in whale selling activity after large addresses sold more than 170M coins in 24 hours, impacting Dogecoin price performance. Dogecoin Price Dips as Whales Dump 170M DOGE Dogecoin’s price is under bearish pressure this weekend due to a meme coin market crash, as it fell to a one-week low on Saturday. The decline follows a drastic surge in whale selling activity, highlighting a negative outlook from these traders as they anticipate that this top meme coin is going to face further losses. Data from Santiment shows that within 24 hours, the whales holding between 10M and 100M DOGE reduced their holdings from 23.91 billion to 23.74 billion. This highlights a sale of more than 170M tokens within 24 hours as Dogecoin price… Read More at Coingape.com

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Ethereum Price Recovery Soon? Key Factors Point To ETH Bull Rally Ahead

Ethereum Price Recovery Soon? Key Factors Point To ETH Bull Rally Ahead

Ethereum price is poised to reclaim its previous highs in a rally that could see ETH surpass $2,000 in the short term. The optimism is fuelled by a raft of factors, including ETH’s historically strong performance in May and an avalanche of institutions flooding the network.

Ethereum Price Set To Stage Recovery In May

While the chatter about Ethereum’s decline has reached a fervent pitch, optimism is growing for a near-term rally for ETH. Pseudonymous cryptocurrency analyst Cyclop, in an X post, opined that the network’s historically strong showing in May is a key piece of the puzzle.

Ethereum price has gained an average of 27.36% at the end of May since 2o16, famously spiking by 70.29% in 2017. Last year, ETH wrapped up the month of May with a 24.65% increase, stoking optimism for another strong performance in 2025.

ETH strong monthly performance in May

Cyclop is predicting an ETH rally to 2,500 by the end of May, riding on seasonal strength. According to a chart shared by the pseudonymous TraderPA, ETH has closed its most bullish monthly candle in 2025.

“The last time we closed with a hammer candle, the price surged by 60% afterward,” said TraderPA.

ETH closes monthly bullish candle

However, investors have to keep their eyes on prevailing fundamentals like UK regulators moving to ban the DeFi loan market.

Institutional Investors Are Backing Ethereum Despite Price Performance

A raft of institutional behemoths is turning to the network in their pivot to blockchain solutions. China’s Alibaba is rolling out an Ethereum layer 2 solution, joining Germany-based Deutsche Bank on a similar path.

Financial giants BlackRock and Fidelity are tokenizing assets on Ethereum, while Visa and Mastercard have tapped Ethereum for their Web 3 solutions. Sam Altman’s World Project is pitching tents, with the network with Coinbase’s Base, racking impressive numbers as an L2 and graduating to Stage 1 EVM rollup.

Trump’s WLFI holds 94% of its cryptocurrency holdings on Ethereum, while Circle is opting to house a significant amount of its stablecoin in Ethereum. A combination of heavy institutional backing will prop Ethereum price for a rally in the short term.

A Massive Rebrand For Ethereum Is Underway

Aware of the barrage of criticism over falling metrics and bland price performance, developers are keen on a network upgrade. Dankrad Feist has warned that Ethereum is in danger if it fails to scale its gas limit by 100X over five years.

On the flipside, Vitalik Buterin is mooting a proposal to revamp Ethereum akin to Bitcoin’s simplicity in a move that may positively impact the ETH price. Charles Hoskinson has predicted that the network will crash in 15 years, citing layer 2 cannibalization and its outdated technology.

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