2️⃣ Binance Gets $$$ from Abu Dhabi
On Wednesday, Binance announced via Twitter that it had received a $2B investment pledge from MGX, an investment firm based in the UAE that focuses on AI and advanced technologies. According to reports, the investment will be made entirely in stablecoins.

While MGX has a background in advanced technologies, this is its first move into the crypto and blockchain sector, according to Binance. MGX stated that it “aims to enable innovation at the intersection of AI, blockchain technology, and finance,” which could signal that Binance is preparing to dive deeper into AI initiatives. With AI agents gaining traction in the crypto space, keep an eye out, Binance may be planning to launch its own soon.