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Sharjah Media City Taps Fintech Ziina to Accelerate Digital Payments for SMEs

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Sharjah Media City Taps Fintech Ziina to Accelerate Digital Payments for SMEs

Sharjah Media City (Shams) has officially partnered with Ziina, a UAE-based fintech platform, to empower local businesses with secure and innovative financial tools. The strategic alliance aims to support entrepreneurs and small-to-medium enterprises (SMEs) by enhancing operational efficiency and driving business growth within the Shams ecosystem.

The partnership directly aligns with the UAE’s broader national vision of advancing a cashless, digital economy. Under the new agreement, Ziina will equip businesses with a suite of advanced digital payment capabilities.

Key features of the integration include:

  • Access to a mobile-first platform explicitly designed for everyday business use.

  • The ability for businesses to seamlessly send, receive, and manage their payments.

  • Tools that help streamline complex financial operations and improve the overall user experience.

Incentivizing digital adoption

To actively encourage the wider adoption of digital financial solutions, Ziina is offering a significant introductory benefit to new users.

As part of the collaboration, Shams clients will receive an exclusive incentive of AED 10,000 in fee-free transactions. This financial initiative enables local businesses to freely explore and utilize the digital payment platform without incurring any initial setup or transaction costs.

Leadership commentary

Rashid Sahoo, director of operations at Sharjah Media City (Shams), emphasized the free zone’s dedication to supporting modern enterprises.

“This partnership with Ziina reflects our ongoing commitment at Sharjah Media City (Shams) to providing a fully integrated business environment that supports the growth of companies and keeps pace with rapid digital transformation. We are committed to enabling entrepreneurs and SMEs to access innovative financial solutions that enhance operational efficiency and simplify daily transactions.”

Tomas Roberio, head of partnerships at Ziina, noted that the collaboration marks an important step in expanding the fintech’s digital footprint across all seven emirates.

“As a UAE-built payments platform licensed by the Central Bank of the UAE, Ziina is focused on delivering secure, seamless financial experiences that make it easier for businesses to manage payments efficiently. We look forward to supporting the Shams ecosystem with frictionless payment solutions that simplify operations and reinforce our commitment to enabling SMEs.”

Founded in 2020, Ziina currently serves as a financial partner to over 470,000 businesses and consumers across the UAE. For Shams, the strategic partnership further reinforces Sharjah’s established position as a regional hub for innovation, creativity, entrepreneurship, and investment.

America’s Crypto Future Is Unstoppable, According To Eric Trump

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America’s Crypto Future Is Unstoppable, According To Eric Trump

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Bitcoin could cross the $1 million mark. That was one of the boldest claims Eric Trump made Wednesday at Consensus Miami 2026, where the businessman and son of US President Donald Trump laid out his case for why the United States is pulling ahead in the global race for crypto leadership.

Banks No Longer Sitting On The Sidelines

The shift among major financial institutions was a central thread in Trump’s remarks. Large banks — once openly skeptical of digital assets — are now offering Bitcoin custody services and allowing customers to use their crypto holdings as loan collateral.

Private wealth managers are recommending Bitcoin to clients, and retirement accounts like 401(k)s are beginning to open up to crypto investments.

Trump pointed to spot Bitcoin exchange-traded funds as a turning point. Since the first one launched in January 2024, these products have pulled in significant volumes of institutional money, bringing a new class of investors into the market who previously had no easy way to gain exposure.

“As America has gotten clarity, every country around the world has noticed, and every country around the world is starting to follow,” he said.

AI Enters The Picture

Trump also connected the rise of artificial intelligence to the future demand for digital currencies. His argument: AI systems will eventually need to move money on their own, and physical cash or gold simply won’t fit that model.

BTCUSD now trading at $89,481. Chart: TradingView

Digital currencies, in his view, are the only option that makes sense in a world where payments are increasingly automated and machine-driven.

He did not name specific AI platforms or payment systems, but framed the relationship between AI and crypto as something close to inevitable — a pairing that would grow more apparent as both technologies matured.

A Race America Intends To Win

On the question of global competition, Trump was direct. He said Asia would not lead this space, and that the US was fully committed to coming out on top. “We’re hell-bent on winning that race,” he said.

He credited recent regulatory progress in the US for giving the industry direction and drawing the attention of other nations.

As rules become clearer, he argued, more businesses and investors gain the confidence to move forward — and the momentum only builds from there.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Vitalik Buterin gets sandwiched by ‘JaredfromSubway’ as Ethereum MEV risks linger

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Vitalik Buterin gets sandwiched by ‘JaredfromSubway’ as Ethereum MEV risks linger

The MEV gods do not discriminate.

Vitalik Buterin, Ethereum’s co-founder and a vocal advocate for fixing toxic maximal extractable value, got hit by the very kind of attack he has been campaigning against, blockchain data from earlier this week shows.

Data shows a transaction by Buterin on April 30 was sandwiched by the bot in block 24993038, per Etherscan data, resulting in a worse execution price for the Ethereum co-founder.

A sandwich attack is when a bot spots a trader’s pending transaction, places its own buy order in front to push the price up, lets the victim execute at the inflated price, then dumps the tokens immediately after to pocket the difference. The victim usually does not even notice, as they just get a slightly worse fill than they should have.

Analysis by CoinDesk shows Buterin swapped 26,544 digitalbits (XDB) tokens worth roughly $3.86 for 0.00197 ETH worth $4.56. The bot ran $1.14 million worth of WETH through SushiSwap and Uniswap V2 to manipulate the XDB price between the two pools right before Buterin’s swap landed.

After gas fees of $5.14, Jared appears to have lost money on this particular sandwich, and Buterin’s slippage was likely in a few cents.

This shows the bot is so industrialized that it scans every pending transaction in the mempool for any opportunity to insert itself, profitable or not.

(CoinDesk)

Buterin has spent the past several months pitching encrypted mempools as a fix for toxic MEV in Ethereum’s 2026 roadmap.

MEV is the profit that whoever orders transactions on a blockchain can pocket by reshuffling them. Anyone running a bot that watches the public mempool, the holding pen where pending transactions sit before being added to a block, can spot opportunities to insert their own trades around someone else’s.

Sandwich attacks are the most aggressive form, with cumulative MEV extracted on Ethereum is now over $1.2 billion and these type of attacks accounting for roughly 51% of the total volume.

Buterin, among other developers, argue that MEV creates a hidden tax on regular users that can favour large, specialized operators over everyone else.

Jaredfromsubway.eth rose to prominence in 2023 as it sandwiched traders of meme coins like pepe and wojak during the then meme frenzy.

It briefly accounted for 7% of all gas fees on the network in April that year, and has reportedly extracted more than $7 million from victims across hundreds of thousands of transactions since.

The bot adapts faster than the protocols trying to stop it. It has survived contract upgrades, mempool filtering, and several attempts by builders to design exploits that drain its funds.

Aave rewrites the rulebook for asset listings after $293 million exploit

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Aave rewrites the rulebook for asset listings after $293 million exploit

Miami — Aave Labs is set to fundamentally reshape how it assesses and lists collateral assets on its protocol, following the largest DeFi exploit of 2026, and the overhaul could set a new standard across the entire industry.

Linda Jeng, chief legal and policy officer at Aave Labs, said at Consensus Miami 2026 that the protocol’s existing risk framework, while robust, had been too narrowly focused on financial risk and volatility.

Going forward, every asset seeking to be listed on Aave will face a broader assessment covering interoperability, cybersecurity vulnerabilities, and the underlying architecture of the asset. She cited rsETH, the restaking token issued by KelpDAO that sat at the center of April’s crisis, as the catalyst for the change.

Beyond the new assessment criteria, Jeng announced that Aave would publish a formal playbook for asset issuers — a set of minimum standards that projects must meet before they can list on the protocol. She also said Aave would begin examining systemic interconnections across protocols, moving away from analyzing pools in isolation to understanding how exposure in one corner of DeFi can ripple into another.

“Out of a crisis like this, it ups our standards,” she said.

The remarks came as Jeng reflected on a month she described as “two weeks of no sleep.” An attacker had exploited KelpDAO’s cross-chain bridge, minting 116,500 unbacked rsETH tokens worth roughly $293 million, then depositing them into Aave as collateral to borrow real wrapped ether — leaving the protocol holding hundreds of millions in impaired debt.

Jeng, who worked as a regulator during the 2008 financial crisis, said the episode triggered a strong sense of déjà vu. But the resolution, she argued, was markedly different. Rather than a government-led bailout, the industry mobilized itself. An initiative called “DeFi United,” which has drawn commitments from Lido, EtherFi, Ethena and others, was launched to cover the collateral shortfall and prevent systemic bad debt from spreading further across DeFi lending markets.

“In the financial crisis, we had to bail out the banks,” she said. “Here, we came together as an ecosystem to bail ourselves out.”

AWS Launches Agentic AI Payment Capabilities

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AWS Launches Agentic AI Payment Capabilities

AWS on Thursday unveiled new payment capabilities for its agentic AI platform that enables agents to autonomously access and pay for digital services without human intervention.

The AgentCore Payment feature is part of the Amazon Bedrock AgentCore system and lets AI agents pay for online services such as web content, APIs, MCP servers and even other AI agents.

Cryptocurrency exchange Coinbase and payments vendor Stripe provided wallet and payment infrastructure for the update.

The agentic payment features span wallet authentication, transaction execution, spending governance and observability.

AWS also positioned the technology in the context of a broader industry push into machine-to-machine commerce, in which AI systems independently source and purchase the tools or data they need to complete tasks.

“There will soon be more AI agents transacting than humans, and they need money that’s built for the internet — programmable, always on, and global,” Brian Foster, head of infrastructure growth and strategy at Coinbase, said in an AWS blog post. 

Related:Anthropic Finance Agents Pose Threat to Established Service Providers

A central component of the launch is Coinbase’s x402 Bazaar MCP server (an open, decentralized payment standard) integrated with the AgentCore gateway. The Bazaar acts as a hub of x402-enabled endpoints that agents can search, discover and pay for during workflows.

AWS said in the blog that the capability turns “paid services into something agents can find and use on their own rather than requiring developers to hardcode each integration.”

The payments layer is built on the same identity and security framework already used by AgentCore, enabling Amazon to enforce infrastructure-level controls over agent behavior and spending.

Early adopters are already testing the system for real-world applications. Heurist AI, which develops infrastructure for the AI economy, is using AgentCore Payments to power a research agent.

AWS is also integrating Stripe’s wallet infrastructure as a payment connection option in preview, giving developers direct access to Stripe’s payment rails within AgentCore.

The vendor said the feature will initially focus on micropayments, with scope to take on more complex transactions in the future.

“Getting there will require deeper integration with payment ecosystems, support for additional protocols, stronger buyer intent verification, and end-to-end observability across the full transaction lifecycle,” the vendor said. “That’s the road ahead, and we’re building for it.”

AgentCore Payments entered preview today across the U.S. East, U.S. West, Europe and Asia Pacific regions.

Related:Enter Bob, IBM’s Friendly AI Coding Assistant

Why ‘negative’ funding is actually a bullish signal for Bitcoin

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Why ‘negative’ funding is actually a bullish signal for Bitcoin

Bitcoin BTC$79,687.06 funding rates are flashing one of the most bearish positioning signals in years, even as spot prices keep grinding higher.

Funding rates have been running near minus 4% annualized, James Aitchison, founder and CIO of Caerus Global, said during a panel at Consensus Miami 2026. That means longs are being paid to hold exposure, a rare setup that points to heavy short positioning.

“The longs are getting paid, which is quite a rarity,” Aitchison said. “On a 30-day basis, the lowest it has been this decade.”

The setup mirrors a broader derivatives disconnect. Bitcoin funding rates hit their most negative levels since 2023 in April, even as BTC pushed through $75,000 at the time. Aitchison said similar conditions have historically preceded positive returns over 30- to 365-day periods.

Bitcoin has rebounded from roughly $60,000 to the low $80,000s at the of writing. The move has forced traders to reassess whether old crypto-native signals still work in a market increasingly shaped by ETFs, basis trades and Wall Street distribution.

Spot bitcoin ETF demand has held through the drawdown. U.S. spot bitcoin ETFs pulled in $1.6 billion so far this month, even as short-term holders sold.

That resilience has made ETF holders central to the current market structure. Dan Blackmore, chief commercial officer at Glassnode, said bitcoin is moving into a new regime as volatility falls and allocations become more strategic.

“We’re witnessing the early innings of the Wall Street machine and its impact on the crypto market,” Backmore said.

Options are accelerating that shift. IBIT options open interest topped Deribit in April, pointing to a migration of bitcoin derivatives activity into regulated U.S. venues. Morgan Stanley’s bitcoin ETF opened just last month, adding another large wealth-management platform to the market.

Panelists were split on whether the four-year cycle still matters. Michael Terpin, author of “Bitcoin Supercycle,” said bitcoin could still trade lower before a larger 2028-2029 supply shock. Others argued the halving cycle is losing force as bitcoin becomes a TradFi asset.

The year-end calls reflected the split. Terpin and Backmore said bitcoin may not reach a new high this year. Cole Kennelly, founder of Volmex Labs, said $250,000 is possible. Aitchison said $150,000 is a reasonable target if rate cuts return.

BNB Chain’s Tokenized China-Linked Equities Explode 2,850%

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BNB Chain’s Tokenized China-Linked Equities Explode 2,850%

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Recent data shows that tokenized China-linked equities and Exchange-Traded Funds (ETFs) on BNB Chain have exploded in 2026, with Ondo Global Markets’ China basket leading the charge.

Tokenized China Basket Sees Explosive Growth on BNB Chain

Ondo Global Markets’ basket of tokenized China-linked equities and ETFs on the BNB Chain has seen a remarkable performance year-to-date (YTD), reaching new highs across multiple metrics over the past few months.

The basket tokenizes 11 high-profile Chinese ADRs and common stocks, including Alibaba (BABA), Baidu (BIDU), Bilibili (BILI), Coupons.com (CPNG), Futu (FUTU), JD.com (JD), Li Auto (LI), NIO (NIO), NetEase (NTES), Pinduoduo (PDD), and Trip.com (TCOM). In addition, it contains two China-focused US ETFs, iShares China Large-Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB).

Dune data shows that the basket has seen explosive growth, with its market capitalization on the BNB Chain surging 2,850% YTD. Notably, China-linked equities and ETFs have grown from a market cap of $316,000 on January 1 to $9.3 million as of May 4, 2026.

Market cap growth accelerated sharply in early March, recording 27%, 29%, and 38% Week-over-Week (WoW) increases between March 2 and March 16, later peaking in mid-April at $11.1 million.

Cumulative holders followed suit, growing 2,200% YTD from 370 to 8,466 holders. Meanwhile, holders’ growth acceleration peaked between January and February during the Bitget Onchain Challenge, Dune noted.

March also marked the basket’s biggest month based on BNB Chain DEX Volume, with $46.7 million, which also accounted for 99% of all-chain China-cluster volume that month. All-time China-cluster DEX volume since launch stands at $150 million, with roughly 93% on BNB Chain.

According to the data, the network now has a 56.9% share of the total EVM (BNB + Ethereum) market cap for the basket, a significant increase from its 0% share in October 2025. It surpassed Ethereum the week of March 9, peaking at 62.7% mid-April.

BNB

BNB Chain leads the basket of tokenized China-linked equities and ETFs in market cap share. Source: Dune.

BNB Chain’s RWA Ecosystem Near Key Milestone

In late October, Ondo Finance and BNB Chain announced the expansion of Ondo Global Markets on the network, seeking to bring tokenized stocks and exchange-traded funds to the blockchain at scale.

Since then, the broader tokenized asset market capitalization on the BNB Chain has doubled its value Year-over-Year (YoY), reaching an all-time high (ATH) of $16.6 billion a month ago.

The network’s real-world asset (RWA) ecosystem has exponentially grown over the past year, making it a leading player in the convergence of traditional finance and decentralized infrastructure.

In late 2025, it became the second-largest blockchain by tokenized asset value, sitting only behind Ethereum’s $15.7 billion. Moreover, the ecosystem’s total value increased 228% Quarter-over-Quarter (QoQ) in Q4 2025.

RWA.xyz data shows that BNB Chain’s distributed asset value currently sits at $3.96 billion, a 12% increase over the past 30 days and a 32% increase since hitting the $3 billion milestone in early March. Now, the network is close to another milestone, nearing 50,000 asset holders, with 49,352. This figure represents a 14.6% monthly increase and a 460% increase YTD.

The ecosystem’s surge has been driven by major institutional tokenized offerings, giving investors seamless on-chain access to top products, such as Circle’s US Yield Coin (USYC), BlackRock’s BUIDL, Franklin Templeton’s Benji Technology Platform, and Matrixdock’s XAUm.

BNB, BNBUSDT

BNB's performance in the one-week chart. Source: BNBUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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Tydro Keeps Markets Paused After Chaos Labs Flags Suspected Nation-State Attack

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Tydro Keeps Markets Paused After Chaos Labs Flags Suspected Nation-State Attack

The largest DeFi protocol on Kraken’s Ink Layer 2 network is onboarding Chainlink and RedStone feeds before resuming its lending markets.

Tydro, the largest lending protocol on Kraken’s Ink Layer 2, will keep its markets paused until a migration to Chainlink price feeds is complete, the protocol said on Thursday.

The protocol was notified by Chaos Labs on May 4 of an attack on the oracle provider that displayed “patterns similar to that of a nation-state attacker,” and was advised to halt all markets. According to Tydro, no bad prices were pushed to its markets before or during the pause, and no user positions were impacted.

Tydro initially suspended all lending markets on May 4 “out of an abundance of caution” while it worked with Chainlink and RedStone to onboard new push feeds on Ink as quickly as possible.

Roughly 48 hours after the initial warning, Chaos Labs confirmed that compromised keys had been rotated and an unpause was technically possible. Tydro opted to keep markets offline until a second push oracle was available.

Path Forward

Once the Chainlink migration is finalized, the feed update will trigger a 48-hour timelock before markets can resume, with an exact unpause time to be published after the transaction is executed.

Tydro will also implement a four-hour grace period during which borrowers with health factors below 1 can repay loans or top up collateral without facing liquidation. The team also said it will assess all user positions ahead of the restart and adjust market parameters if any have become unhealthy, though preliminary analysis suggests no changes will be required.

A full post-mortem covering oracle hardening and multi-oracle redundancy plans will be published once markets are back online.

The incident lands at an important moment for the protocol. Tydro, a white-label deployment of Aave v3 launched in October 2025, has driven nearly all of Ink’s recent growth, with total market size recently surpassing $700 million.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Mastercard and Ripple Complete Historic Transaction, New Use Case for XRP?

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Mastercard and Ripple Complete Historic Transaction, New Use Case for XRP?

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Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple have jointly completed the first near real-time cross-border, cross-bank redemption of tokenized US Treasuries — with the XRP Ledger serving as the settlement blockchain at the center of a transaction that connected public blockchain infrastructure directly to global banking rails for the first time.

The pilot, announced on May 6, executed in under five seconds — a stark contrast to the one-to-three business day timeframe that cross-border correspondent banking typically requires. It also occurred outside traditional banking hours, underscoring what the participating firms described as a step toward a financial system capable of operating 24 hours a day, seven days a week.

XRP Ripple XRPUSD XRPUSD_2026-05-07_16-18-20

XRP's price trends sideways on the daily chart. Source: XRPUSD on Tradingview

Ripple Gains Relevance with Mastercard Partnership

The mechanics of the pilot reveal how each institution contributed a distinct piece of the settlement architecture. Ripple redeemed a portion of its holdings in OUSG — Ondo Finance’s Short-Term US Government Treasuries fund, a tokenized product available to accredited investors and qualified purchasers — directly on the XRP Ledger. Ondo processed the redemption and triggered a fiat payout instruction through Mastercard’s Multi-Token Network (MTN), a platform designed to enable interoperability between on-chain assets and traditional money movement systems.

From there, Mastercard’s MTN routed the instruction to Kinexys by J.P. Morgan — JPMorgan’s blockchain infrastructure platform, which has now processed more than $3 trillion in cumulative transactions, per figures cited in the announcement.

Kinexys debited Ondo’s Blockchain Deposit Account and delivered US dollar proceeds to Ripple’s bank account in Singapore through its correspondent banking network. One leg of the transaction settled on a public blockchain. The other settled on institutional banking rails. Both happened within the same uninterrupted flow.

What It Signals For The Broader Market

The transaction arrives against a backdrop of rapid growth in tokenized real-world assets. Tokenized US Treasuries crossed the $10 billion mark for the first time on February 11, 2026, according to TheStreet Crypto, and stood at approximately $12.88 billion by early April — a 225% increase over 15 months. The broader tokenized RWA market surged 256.7% from $5.42 billion at the start of 2025 to $19.3 billion by the end of Q1 2026. Despite that growth, redemption infrastructure has lagged, still dependent on wire transfers, manual processes, and fixed banking windows. This pilot addresses that gap directly.

Markus Infanger, SVP of RippleX, noted in the official release that the XRP Ledger enables real-time asset movement and that, when paired with global banking infrastructure, the pilot demonstrates how institutions can execute cross-border transactions as a single integrated flow — rather than a sequence of siloed instructions across separate systems.

The DTCC separately announced earlier this week that it plans to launch its own tokenization service later in 2026 — a signal that the institutional race to build out this infrastructure is accelerating across the industry simultaneously.

This development marks a pivotal moment for the nascent sector and, specifically, for the XRP Ledger’s positioning within institutional finance. Whether the XRPL’s role as settlement infrastructure in this pilot translates into a sustained and expanded use case will depend on how many further cross-border tokenized asset transactions adopt the same architecture — and how quickly the broader regulatory and banking framework catches up to what the technology can already do.

Cover image from Grok, XRPUSD chart on Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Donald Trump Jr. denies rumors World Liberty Financial is falling apart

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Donald Trump Jr. denies rumors World Liberty Financial is falling apart

MIAMI BEACH, Fl. — Donald Trump Jr. denied online rumors that WLFI$0.07311, the crypto platform tied to the Trump family, is unraveling amid a growing legal battle with Tron founder Justin Sun.

Speaking at Consensus in Miami on Thursday, Trump Jr. and WLFI co-founder and CEO Zach Witkoff pushed back against speculation circulating on social media about the company’s leadership, reserves and business operations.

“Just because they say it doesn’t mean it’s true,” Trump Jr. said about reports in the media. “Narratives get created. They’re driven, and they’re bot-farm based.”

The comments came days after World Liberty filed a defamation lawsuit against Sun in Florida state court. The suit alleges Sun engaged in “gross misconduct” tied to WLFI token purchases and used influencers and bots to spread false claims about the company.

Sun had previously sued WLFI in California federal court, claiming the company unfairly froze his WLFI tokens.

At the Miami event, Witkoff addressed rumors that Trump family members had distanced themselves from the project after WLFI removed a team page from its website.

“I think I saw on Twitter at one point that, you know, Don and Eric had abandoned the project,” Witkoff said. Trump Jr. dismissed the speculation.

“It was news for me too,” he said. “They changed the website design for a few minutes and, oh my God, they’re bailing on it.”

The executives also defended the company’s stablecoin, USD1, against criticism online. Witkoff said the token has “real-time proof of reserves” through a partnership with Chainlink LINK$9.8381 and claimed users can verify reserves directly onchain.

Trump Jr. accused critics and some media outlets of intentionally spreading misleading narratives about WLFI.

Witkoff also defended the lawsuit against Sun, saying the company would not have filed the case without evidence.

“We wouldn’t have filed that lawsuit if we didn’t have the receipts,” he said.

The Florida lawsuit seeks damages and retractions from Sun over statements WLFI claims harmed the company and its business opportunities. World Liberty Financial is being represented by the top defamation law firm, Clare Locke LLP.

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