Ripple has received full approval from the Dubai Financial Services Authority (DFSA)to offer regulated crypto payments in the Dubai International Financial Centre (DIFC).
It makes Ripple the first blockchain-enabled payments provider licensed by the DFSA, significantly expanding its operations in the Middle East.
Ripple Receives Full Approval from the DFSA
This development follows Ripple’s in-principle financial services approval from the DFSA in October. With its regional headquarters in Dubai since 2020, Ripple continues strengthening its presence in a region known for its regulatory clarity and fintech-friendly environment.
The DFSA license enables Ripple to offer its global payment solutions to businesses in the UAE. This would reinforce its role as a trusted partner for financial institutions looking to leverage blockchain technology for faster and more cost-effective transactions.
“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption. Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,” a press release shared with BeInCrypto read, citing Ripple CEO Brad Garlinghouse.
Indeed, Dubai has established itself as a global hub for blockchain and fintech innovation. It boasts a $400 billion international trade market. The UAE has seen growing demand from both crypto-native firms and traditional financial (TradFi) institutions looking for solutions to inefficiencies in cross-border payments. These include high fees, slow settlement times, and lack of transparency.
“Securing this DFSA license…will enable us to better serve the growing demand for faster, cheaper, and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs,” Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, emphasized.
In the same tone, DIFC Authority CEO, His Excellency Arif Amiri, said this milestone presents Ripple with new growth opportunities across the region and beyond. Ripple’s regulatory approval in Dubai adds to its growing list of over 60 regulatory licenses worldwide.
Despite its success in Dubai, Ripple remains embroiled in a legal battle with the US SEC (Securities and Exchange Commission). However, recent reports indicate that the case may soon be resolved. Reportedly, Ripple’s legal team is negotiating more favorable terms regarding an August 2023 district court ruling.
The ruling imposed a $125 million fine and restricted Ripple from selling XRP to institutional investors. Ripple’s team argues that the firm should not be penalized for past regulatory uncertainty. This contention is based on theSEC’s reconsideration of its enforcement stance against other crypto firms.
“…Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred. There’s no real playbook for this kind of thing, which could explain why this case is taking longer to resolve than the rest,” crypto journalist Eleanor Terret reported, citing two well-placed sources.
Bitcoin showed signs of potentially forming a new all-time high earlier today but slipped back toward key support. Despite this, the intraday rise sparked bullish sentiment among altcoins.
BeInCrypto highlights three altcoins that, alongside major upcoming developments, are essential for investors to watch closely.
Maker (MKR)
MKR price dropped 12% over the past week but may rebound with the upcoming Phase One deployment of the MKR to SKY upgrade starting May 19. This transition, part of Maker’s rebranding to Sky, aims to complete its ecosystem transformation and attract investor interest.
The approval of the Executive Vote will enable SKY as the governance token of the Sky Ecosystem. This strategic shift could drive MKR’s price recovery to $1,894, potentially pushing further toward the key resistance level at $2,188, signaling renewed bullish momentum in the market.
However, if MKR falls below the support level of $1,655, it risks dropping to $1,555 or further down to $1,325. Such a decline would invalidate the bullish outlook, signaling increased selling pressure and a possible extended downturn.
OFFICIAL TRUMP (TRUMP)
TRUMP price remains subdued due to low volatility, but bullish market signals prevent a decline. The Ichimoku cloud below the candlesticks supports this stability, indicating potential for steady price action amid broader positive trends.
OFFICIAL TRUMP token anticipates a major boost on May 22, the Day of the TRUMP Dinner, where the top 220 TRUMP holders will join the US President in Washington D.C. This could spark significant interest and price movement, as holders often respond strongly to actions linked to the US President.
This update could push the TRUMP price to surpass resistance levels at $13.36 and $14.53, targeting $17.14. However, a break below support at $12.18 could trigger a fall to $10.29, negating the bullish outlook and causing a notable price drop.
Floki (FLOKI)
FLOKI is attempting to recover from recent 21% losses after failing to break the $0.000113 resistance. The Parabolic SAR above the candlesticks indicates potential downward pressure, suggesting a possible price decline for the meme coin in the near term.
The upcoming BADAI airdrop, delayed since February, could positively impact FLOKI’s price. Investors eagerly awaiting the event may drive buying momentum if any favorable updates emerge, potentially offsetting bearish signals and supporting price stability.
If FLOKI surpasses the $0.000100 mark, it could challenge the $0.000113 resistance and trigger an uptrend. Conversely, a break below $0.000090 support may lead to a decline toward $0.000071, negating the bullish outlook.
According to data from Precedence Research, the Web3 market valuation is expected to reach over $99 billion in 2034. However, despite improvements in decentralized finance and smart contracts, Web3 development can still feel like building software in the dark. Developers often find themselves with fragmented tools, running local testnets, praying public ones don’t crash. Most of the time, they usually endure workflows that feel primitive compared to modern Web 2 stacks.
Tools like GitHub, Docker, and Vercel have made Web2 development slick, collaborative, and scalable. But in Web3? Developers still rely on disjointed toolchains. This is an inconvenience and also a barrier to adoption. Every smart contract needs to be tested. Every dApp needs reliable infrastructure. However, the lack of unified tooling introduces risk, slows time-to-market, and increases expenses.
Enter BuildBear Labs. According to Emmanuel Antony, CTO and Co-Founder of BuildBear Labs, “BuildBear Labs provides a unified, integrated ecosystem that simplifies fragmented Web3 development, streamlining collaboration across smart contracts, frontend, backend, SDKs, and off-chain services to accelerate development cycles.”
The Issues Web2 Devs Face When Entering Web3
The Web3 dream is attracting developers from around the world, especially those with experience in Web2 development. They bring strong backend, frontend, and systems expertise, but often face a broken onboarding experience when they enter Web3.
Within the Web3 sector, there is no standard CI/CD pipeline, and testnets are unreliable, constantly breaking or being deprecated.
There is also a lack of collaboration tools for teams to debug, deploy, and iterate together. Sometimes, security testing is outsourced, inconsistent, or comes too late.
This mismatch between Web2 expectations and Web3 tooling realities is frustrating and expensive. Many projects burn hundreds of thousands just trying to ship a secure minimum viable product (MVP).
Some projects take over 8 months and cost upwards of $525,000, with $450,000 spent on testing. Around 40% of dev time is lost to fragmented workflows and unreliable environments that fail to mimic the mainnet.
BuildBear Labs: Bringing GitHub-Level DevOps to Web3
BuildBear.io is building the first full-stack DevOps platform built for the decentralized world. This solution is more than just a testing environment, but a 360 Web3 ecosystem that allows developers to take their project from 0 to 100, ideation through to launch. It helps developers create, test, and deploy smart contract-based applications with the same ease and power they enjoy in Web2.
Furthermore, BuildBear Labs provides persistent, real-world blockchain sandboxes, which are private environments that mimic mainnet conditions. These sandboxes give developers deterministic control, fast feedback loops, and a place to test with teammates in real time.
But a better testnet is not the only solution BuildBear Labs provides. Most blockchain development tools today only handle individual parts of the development process. For example, some are a local runtime like Hardhat, or a contract debugger like Tenderly. However, BuildBear Labs provides a 360° ecosystem, combining:
Replacing Fragile Toolchains with Integrated Infrastructure
To understand the value of BuildBear Labs, it is worth examining what a typical Web3 team deals with today. First, they usually set up a local Hardhat or Foundry node.
Then, they configure scripts for deployment and manually fund dev accounts via flaky public faucets. The process also involves testing features across multiple chains and constantly redeploying and resetting testnets. Finally, it needs multiple tools for debugging and tracing.
Now compare that to the BuildBear Labs flow. Developers can spin up a private sandbox environment and automatically provision faucet tokens and RPCs.
They can invite teammates to interact and debug in real time. With BuildBear Labs, you can integrate with your existing GitHub CI/CD pipeline and extend its functionality via plugins. Additionally, you can test and ship with confidence on any of 700+ supported chains.
Every part of BuildBear Labs’ architecture is aimed at solving a major dev pain point:
Dev Need
Old Way
BuildBear Approach
Testing dApps across chains
Juggling multiple testnets
One dashboard for 700+ chains
Persistent state
Manual resets every session
Save and resume where you left off
CI/CD integration
None
Native GitHub/Jenkins support
Token faucets
Unreliable or rate-limited
Instant faucet access per sandbox
Debugging tools
Fragmented tooling
Built-in explorer, trace, fuzz, scan
Collaboration
Siloed, local-only
Invite teams to the shared sandbox
For investors and builders alike, the economics of BuildBear Labs are compelling.
Their ecosystem features an average cost reduction of up to $300K per project. This is due to testnet replacement, fewer audit bugs, and shorter development cycles.
Developers can also launch 3 to 4 months faster, thanks to better collaboration and automation. Also, they can mitigate security risks early, before mainnet deployment, and reduce downtime, which can cost $ 5,000+ per day in DeFi revenue.
BuildBear Labs operates in two sectors, which are blockchain development infrastructure and enterprise-grade DevOps tooling.
The total dev tools market is expected to reach $19.7 billion by 2032, and Web3-native tooling is projected to account for over $3 billion of that. With over 658,000 developers projected to be building in Web3 by 2032, the demand for tools like BuildBear is only accelerating.
Inside BuildBear Labs’ Developer Stack
BuildBear Labs is a deeply engineered, cloud-native DevOps platform purpose-built for the Web3 era. From Phoenix Engine’s fault-tolerant testing to GitHub-native CI/CD pipelines, BuildBear offers every tool a developer needs to ship production-ready dApps safely and fast.
The EVM Sandbox
One of BuildBear Labs’ primary products is its Secure EVM Sandbox, powered by the Phoenix Engine. This is a customizable, forkable, and shareable blockchain environment that mirrors mainnet conditions without exposing your team to real-world costs or risk.
This isn’t a thin wrapper over Hardhat or Foundry. It is a fully integrated, scalable, persistent environment that supports team collaboration and debugging with advanced explorers.
There’s also token provisioning via an unlimited faucet. Furthermore, there is a Multi-Chain simulation and support for hybrid services, such as Chainlink VRF, Across Bridge, and account abstraction.
You can fork the state of any EVM-compatible chain, including Ethereum, Polygon, Arbitrum, Optimism, Linea, Avalanche, Base, BSC, zkEVM, and more, at any block height. This gives developers a mirror of the mainnet, complete with contract state, balances, and historical data.
Unlike public testnets or local setups, BuildBear Labs gives teams full control over the chain environment. It provides them with custom configs, where they can define their own chain parameters. Developers can set the block time, gas limit, and consensus rules for specialized dev and QA workflows.
BuildBear lets you simulate future time for time-sensitive contracts. You can impersonate any on-chain user or contract. Sandboxes persist across sessions and CI jobs, so there is no need to reinitialize.
In decentralized teams, coordination is key. BuildBear Labs collaborative features bring everyone, from Solidity devs to frontend engineers, into the same room.
BuildBear Labs lets teams share sandboxes via a simple link, making collaboration with teammates or auditors easy. You can deploy a contract from one repository and test it from another, thanks to X-Team support. Hybrid workflows are fully supported, allowing contracts, SDKs, and UIs to interact in a single testing flow. Every new GitHub pull request can automatically trigger a fresh sandbox environment.
This kind of horizontal integration doesn’t exist in typical dev stacks. With BuildBear Labs, everyone contributes to the testbed, from frontend QA and protocol engineers to auditors and product managers.
Phoenix Engine
There’s also the Phoenix Engine, BuildBear Labs’ in-house chain simulation layer, which completely changes how devnets should operate. It enables complex simulations, such as cross-chain bridge logic, replay attacks, and performance profiling.
Feature
Phoenix Engine
State Recovery
Crash-proof environments that can restart in an identical state
RPC Flexibility
Switch service providers on the fly
Atomic Transactions
Guarantees consistency across reads/writes
Multi-user performance
Read-heavy ops don’t block others
Memory Optimization
Leaner than Anvil or Hardhat, ideal for CI pipelines
Multi-chain Forks
Run multiple independent forks in the same environment
CI/CD for Solidity
BuildBear makes continuous integration for smart contracts as easy as a GitHub YAML file.
Teams can automatically create new sandboxes for every pull request. They can run tests on forked chains using Foundry or Hardhat. Failed tests can be debugged directly from GitHub logs. Stateful sandboxes can be reused across test suites. Gas usage can be profiled inline.
BuildBear Labs supports over 45 Foundry cheat codes, allowing for advanced automation in contract testing, fuzzing, and deployment. And the experience is user-friendly. You click a GitHub link and land directly in a BuildBear explorer session, ready to inspect, trace, and fix bugs.
Plugin Architecture
Most dev tools are closed ecosystems. Not BuildBear Labs.
BuildBear Labs’ plugin system lets developers integrate services like Pimlico, Across Bridge, Blockscout, Chainlink VRF, and Gelato, as well as connect to external data or simulators. They can also run custom scripts to change state or impersonate users, and even trigger AI agents directly from Solidity using cheat codes.
This plugin-first mindset allows developers to create production-grade simulations directly from within their tests. Even if you want to test a Gnosis Safe recovery flow with VRF randomness on a bridged token, you can do that at BuildBear.
BuildBear Labs Explorer
Testing is only half the things developers do. Debugging, tracing, and understanding smart contract behavior is where teams win or lose real-world reliability.
BuildBear Labs Explorer gives developers a powerful toolkit for transaction analysis. It lets you monitor transactions in real-time across multiple explorers, such as BlockScout, Etherscan, and BuildBear Labs itself. You can track gas usage, including reverts and internal calls, to catch inefficiencies early.
For deeper debugging, it supports Sentio Tracer, Simbolik Debugger, and Foundry’s trace tools. It also integrates with external explorers, allowing you to view any transaction on platforms like Etherscan or BaseScan instantly.
Every environment logs interactions automatically, so QA teams and auditors can walk through historical sessions, test coverage, and contract behavior in production-like environments.
Faucet Access
BuildBear Labs provides unlimited faucet access to both native and ERC-20 tokens across all environments. No signups, no rate limits, no “out of funds” errors.
Just click, mint, and move on with testing. For teams simulating cross-chain dApps, DeFi flows, or staking mechanisms, this removes a major source of friction.
What Are the Benefits of BuildBear Labs Solutions?
Below, we will be discussing some of the benefits developers and teams can gain from using BuildBear Labs products and solutions.
Test Like It’s Mainnet Without the Risk
In real-world conditions, dApps interact with multiple services, tokens, and accounts in unpredictable ways. BuildBear Labs lets developers run multiple forks side by side and test production scenarios with plugins.
They can also simulate hybrid workflows and use custom cheat codes to shape execution paths and stress-test logic.
A Better Developer UX
Underneath all the power is a UX that feels smooth, familiar, and fast. You spend less time wiring up your tools and more time building actual features.
BuildBear Labs removes all the setup complexities. There’s no need to provision infrastructure, configure faucets, or manually spin up explorers. Forks come ready to go, with default balances and account impersonation so you can start testing instantly. Environments are persistent, linked, and fully replayable, while GitHub-native integrations ensure smooth, automated workflows without added friction.
A Strong Competitive Advantage
BuildBear Labs has a strong competitive advantage that is built on four layers, including a Phoenix Engine, a Plugin, CI/CD integrations, and a community.
BuildBear Labs’ infrastructure is anchored by the Phoenix Engine, a fault-tolerant testnet engine that supports state recovery and multi-fork simulation. It outperforms Anvil and Hardhat in memory efficiency, transaction atomicity, and concurrent performance. This makes it better for production-grade testing.
Its Plugin and Cheatcode Ecosystem gives developers unmatched flexibility. Teams can integrate off-chain services, simulators, or even AI agents directly into Solidity tests. This allows them to have complex scenario testing without leaving their development environment.
BuildBear Labs also fits into existing DevOps workflows. With native GitHub Actions support, smart contract teams can plug testing and deployment directly into their CI/CD pipelines.
There’s also a massive community behind BuildBear Labs. Developers continuously fork sandboxes, share test links, publish plugins, and improve documentation. This flywheel effect means the platform becomes more powerful with each new user. In other words, it will help increase adoption across the Web3 ecosystem.
Market Overview and Momentum For BuildBear Labs
EigenLayer’s ecosystem shows why BuildBear matters. The DIN team used BuildBear Labs’ sandboxes to test each protocol update in a stable, shared environment. During the Holesky Pectra upgrade delays, its resilience kept progress on track. As one developer put it, “BuildBear being up during the Holesky holdup allowed us to continue unimpeded.”
Since launching, BuildBear Labs has attracted users ranging from independent Solidity engineers to venture-backed L2s and infra startups. Its mix of scalability, flexibility, and collaboration tooling makes it uniquely suited for protocols shipping to the mainnet at high velocity.
BuildBear Labs has a diverse user base, including audit firms and protocol teams.
Protocol teams rely on the platform to simulate network upgrades, test gas optimizations, and run intensive fuzzing campaigns before shipping code to the mainnet. DeFi platforms use BuildBear Labs to build cross-chain integrations and test against real contract states by forking live networks.
Security firms and auditors benefit from BuildBear Labs’ precision testing environments to replicate bugs, trace vulnerabilities, and validate fixes. Early-stage dApp teams are also heavy users, using features like account abstraction support, Safe module testing, and plugin-based simulations from the start.
Even traditional enterprises entering Web3 are adopting BuildBear Labs. With GitHub-native CI/CD and DevOps compatibility, these teams can deploy and test smart contracts using familiar pipelines.
BuildBear is solving foundational issues that have slowed Web3 for years:
Pain Point
Legacy Approach
BuildBear Labs’ Solution
Testnet reliability
Public chains with/ downtime, spam, and faucet limits
Persistent, forkable private chains
CI/CD for Solidity
Manual scripting, flaky local setups
GitHub-native, scalable automation
Multi-chain testing
Snapshots or individual test scripts
Forks of any EVM chain at any block height
Debugging
Manual explorer hopping
Integrated explorer + advanced trace tools
Off-chain integrations
Manual mocking or skipped tests
Plugin system for hybrid scenarios
QA coordination
Screenshots and dev handoffs
Shareable sandboxes + team-ready UX
Strategic Advantage
The current EVM ecosystem is both vast and fragmented. Dozens of L2s, rollups, zkEVM chains, and appchains launch every quarter. Each introduces new environments, contract semantics, and cross-chain behaviors.
BuildBear Labs sits above this fragmentation, providing a unifying test and simulation layer across L1s like Ethereum and Gnosis. L2s like Arbitrum, Optimism, Base, and zkEVM. Testnets like Sepolia, Holesky, bespoke forks, and new chains like Berachain, Linea, and Kava.
By doing so, it becomes a layer for standardizing development and automating tests across the modular blockchain stack. In the same way that GitHub standardized repo management or Postman streamlined API testing, BuildBear Labs can become the entry point for decentralized software development.
Final Thoughts
BuildBear Labs is changing how Web3 teams build, test, and deploy smart contracts. By providing a secure, stateful, and deeply customizable sandbox environment, it removes unreliable testnets and disconnected tooling. Whether you are a protocol developer fine-tuning gas usage, a dApp team, or an auditor validating a critical fix, BuildBear Labs provides the precision and flexibility modern blockchain development demands.
With CI/CD integrations, plugin support, advanced debugging tools, and the powerful Phoenix Engine, teams can ship faster and with greater confidence. BuildBear Labs stands out as the Web3 developer infrastructure layer that makes production-ready testing better. From American developers and startups to enterprises, it is the toolkit behind the next generation of secure and scalable decentralized applications.
Paris Blockchain Week 2025, Europe’s flagship blockchain and Web3 event, wrapped up its sixth edition at the iconic Carrousel du Louvre, once again raising the bar for global industry gatherings. With over 9,600 attendees from 95 countries, including 67% C-suite executives, this year’s event underscored the growing influence of blockchain across the broader tech and financial sectors.
More than 500 speakers took the stage, including major names like Charles Hoskinson (IOHK), Monica Long (Ripple), Adam Back (Blockstream), and Clara Chappaz (France’s Minister Delegate for AI & Digital Affairs), reflecting the event’s global reach.
Spotlight: PSG × Matchain Side Event – A Landmark Moment in Sports & Web3
One of the standout moments of the week took place outside the main conference venue at the iconic Parc des Princes, where Paris Saint-Germain and Matchain hosted a special side event announcing the launch of their Joint Innovation Studio.
BeInCrypto joined as the official media partner for this exclusive gathering, which brought together sports executives, blockchain leaders, and technologists to explore the future of decentralized identity, fan engagement, and Web3 innovation in sports.
Petrix Barbosa, CEO of Matchain, announced the initiative and celebrated Matchain’s award for Innovation of the Year, spotlighting their pioneering work in tokenized identity solutions.
Pär Helgosson, Head of PSG Labs, emphasized PSG’s continued push to integrate Web3 technologies into fan experiences and digital strategy.
The atmosphere at the stadium matched the ambition of the project, merging cutting-edge blockchain use cases with the passion and scale of global sports. As media partner, BeInCrypto provided exclusive coverage, interviews, and behind-the-scenes insights from this milestone event.
Exclusive Interviews with Web3 Leaders at Paris Blockchain Week
Throughout the week, the BeInCrypto team conducted high-level interviews with thought leaders and executives shaping the future of blockchain:
Aimann Faizz, Head of Business Development at CoinGecko
Andrey Fedorov, Chief Marketing Officer and acting Chief Business Development Officer at STON.fi
Pierre Samaties, CEO of Dfinity Foundation
Alexis Yellow, Founder and Executive Chairman, Yellow
Robby Yung, CEO, Animoca Brands
Javier Rodriguez-Alarcon, COO, XBTO
David Prinçay, director, Binance France
Their insights touched on everything from decentralized finance and tokenized data to semantic identity and sports monetization via blockchain.
Industry Themes and Investor Highlights
A recurring message across the conference was the resilience of blockchain technologies amid economic uncertainty and regulatory transformation. Speakers like Charles Hoskinson and Monica Long emphasized blockchain’s foundational role in shaping future financial systems.
Regulatory spats between the USA and EU have sparked lively debates, with many nodding in agreement that MICA stands as a cornerstone for clearing up the crypto circus on one side of the Atlantic. Meanwhile, the tokenization of real-world assets has become the hot new trend on the block. Following the ETF bandwagon, it appears even the old-school financial giants are seeing tokenization as their golden ticket into the crypto world.
Meme coins, those oddballs of the crypto market, continue to hold their ground as a quirky yet surprisingly significant sector, even though the recent market dip has widened the rift between the staunchly “serious” Bitcoin advocates and the more colorful meme coin enthusiasts.
Beyond the buzz of tokenization, utility coins are tiptoeing back into the spotlight, though hitting a critical mass of users is proving to be a bit like herding cats – a major roadblock on their path to stardom.
As for the tech vanguards, security and scalability remain their pet peeves, with fresh solutions popping up left and right. The ongoing tug-of-war between achieving robust decentralization and actually making these solutions user-friendly continues to fuel fiery debates among the most tech-obsessed attendees at the event.
On the investor side, the “Start in Block” pitch competition attracted 1,000+ startups and 400+ investors, with €10 million in funding up for grabs. Meanwhile, side events like AgentX, Bitcoin Investors Day, and an exclusive VIP dinner under the Louvre Pyramid kept the conversations and deal-making going beyond the conference floor.
Global Coverage & Media Reach
With more than 400 journalists attending from top global outlets, media coverage of PBW 2025 reached unprecedented levels, reinforcing its role as a platform where narratives around innovation and regulation are actively shaped.
About Paris Blockchain Week
Held annually in Paris, PBW is one of the largest and most respected events in the blockchain calendar. The 2025 edition took place April 8–10 at Carrousel du Louvre, hosting over 400 speakers and creating more than 36,000 in-app meetings, making it a global epicenter for Web3 dialogue and partnerships.
