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Ripple to add smart contracts to XRP Ledger

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Ripple Labs has announced a significant upgrade to its XRP Ledger (XRPL) with the introduction of smart contracts via an Ethereum Virtual Machine (EVM)-compatible sidechain. This move aims to expand the functionality and appeal of the XRPL, making it more versatile for developers and businesses.

The new sidechain will enable the deployment of Ethereum-compatible smart contracts on the XRPL, bridging the gap between Ripple’s blockchain and Ethereum’s robust smart contract ecosystem. This integration is expected to enhance the XRPL’s capabilities, allowing for a broader range of decentralized applications (dApps) and services.

Ripple’s decision to adopt EVM compatibility underscores its commitment to evolving its blockchain infrastructure to meet the growing demands of the decentralized finance (DeFi) sector. By integrating with Ethereum’s widely-used smart contract platform, Ripple is positioning the XRPL as a competitive alternative to other major blockchains in the DeFi space.

Developers will now be able to leverage familiar Ethereum tools and programming languages, such as Solidity, on the XRPL, simplifying the process of building and deploying smart contracts. This compatibility aims to attract a broader developer base and foster innovation within the Ripple ecosystem.

The introduction of the EVM-compatible sidechain also promises to improve interoperability between different blockchain networks. Ripple anticipates that this will lead to increased adoption and integration of XRPL-based solutions across various sectors.

In response to the upgrade, Ripple Labs expressed optimism about the new opportunities this development will create. The company believes that the enhanced functionality will drive greater use of the XRPL and contribute to its long-term growth and success.

As Ripple advances its blockchain technology, it joins a growing trend of blockchain projects seeking to enhance their ecosystems through greater compatibility and functionality. The XRPL’s latest upgrade reflects the ongoing evolution of the blockchain landscape and its potential to support a wide array of innovative applications.

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Binance launches in Syria after Trump lifts sanctions

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Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

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GameStop plunges 12% after proposing new $1.75B debt offering

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GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

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Peaq and UAE bet on tokenized machines to power future economy

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The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

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