Pi Network is showing signs of stability after holding the $0.61 support level, with the relative strength index suggesting a possible trend reversal. With a 6.9% increase in trading volume to $139.4 million, Pi Network (PI) has risen 5.2% over…

Pi Network holds $0.61 support as RSI hints at a reversal

The Wall Street Journal reported that Tesla’s board had initiated a search for 
a new CEO to replace Elon Musk, citing sources familiar with discussions that 
began in March due to Musk’s focus on his role in the Trump administration’s 
Department of Government Efficiency (DOGE) and Tesla’s declining stock price 
and sales. The report noted […]

Tesla Board Denies WSJ Report on CEO Search, Musk Slams Article as False

MultiBank Group, the world&#8217;s largest financial derivatives institution based 
in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization 
agreement with United Arab Emirates (UAE)-based real estate giant MAG and 
blockchain infrastructure provider Mavryk.
The deal represents the largest RWA tokenization initiative globally to date 
and highlights the upcoming launch of MultiBank&#8217;s native utility token, MBG, 
according to a press release shared with Cointelegraph.
The partnership will bring MAG&#8217;s ultra-luxury real estate projects &#8212; 
including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah 
Reserve &#8212; onto the blockchain via MultiBank.io&#8217;s regulated RWA marketplace.
Once tokenized, these assets will be available to global investors and will 
generate daily yield for holders directly on the platform.
&#8220;$3B worth of MAG&#8217;s real estate will be tokenized as individual RWA tokens on 
MultiBank&#8217;s platform, each represented on the Mavryk blockchain, as the 
underlying layer-1 infrastructure,&#8221; Talal Moafaq Al Gaddah, senior executive 
vice chairman of MAG, told Cointelegraph.
Al Gaddah added that &#8220;$MBG token provides ecosystem utility, including trading 
discounts, early access to properties, and a deflationary buyback-and-burn 
model.&#8221;
_**Related:**__**BlackRock, five others account for 88% of all tokenized 
treasury issuance**_
## MultiBank tokenizes MAG real estate
MAG, one of the UAE&#8217;s most prominent developers, will contribute its premium 
real estate portfolio for tokenization.
Mavryk will handle blockchain issuance and DeFi integrations, while MultiBank 
Group will manage regulatory compliance, liquidity and governance, with the 
MBG token at the core of the system.
&#8220;Tokenized assets issued by MultiBank will have dual utility. Within the 
MultiBank Group, they can be used as collateral for derivatives, creating a 
seamless bridge between traditional finance and tokenized assets,&#8221; Al Gaddah 
said.
He said that these tokens are fully interoperable with the broader Mavryk DeFi 
ecosystem.
_The tokenized treasuries market is rising. Source: RWA.xyz_
## MBG token adds platform utility
The MBG token will power staking, fee payments, VIP tiers and user rewards. It 
also features a buyback-and-burn mechanism tied to platform revenues, creating 
long-term value for both institutional and retail participants.
The platform aims to scale beyond the initial $3 billion to as much as $10 
billion in tokenized assets.
&gt; &#8220;The goal is to tokenize high-value, income-generating real estate assets 
&gt; that have traditionally been difficult to access or trade.&#8221;
The announcement comes amid renewed interest in RWA tokenization.
On April 30, BlackRock filed to create digital ledger technology shares from 
one of the firm&#8217;s money market funds, which will leverage blockchain 
technology to maintain a mirror record of share ownership for investors.
The DLT shares will track BlackRock&#8217;s BLF Treasury Trust Fund (TTTXX), which 
may only be purchased from BlackRock Advisors and The Bank of New York Mellon 
(BNY).
The money market fund holds over $150 million worth of assets, invested almost 
entirely in US Treasury bills and cash.
_**Magazine: **__**TV hit Peaky Blinders to launch crypto game, FIFA Rivals 
on Polkadot: Web3 Gamer**_

MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization deal

World Liberty Financial&#8217;s stablecoin, USD1, has been used to facilitate Abu 
Dhabi&#8217;s AI investment firm MGX&#8217;s landmark $2 billion investment into Binance. 
At Token2049 on May 1, World Liberty Financial co-founder Zach Witkoff 
confirmed that the project&#8217;s USD-pegged stablecoin, USD1,…

World Liberty Financial’s USD1 selected as official stablecoin for MGX’s Binance investment

Abu Dhabi-based investment firm MGX will be tapping a US President Donald 
Trump-related stablecoin to settle its $2 billion investment into Binance, the 
world&#8217;s largest cryptocurrency exchange.
The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was 
launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in 
March 2025.
MGX will use the USD1 stablecoin for its $2 billion investment into Binance 
exchange, announced Eric Trump, the son of the US president and the executive 
vice president of the Trump Organization, during a panel discussion at Token 
2049 Dubai.
_Source:__Cointelegraph_
MGX announced its $2 billion stablecoin investment into Binance on March 12, 
marking the first institutional investment in the exchange and potentially the 
biggest funding deal in the entire Web3 industry.
At the time, Binance declined Cointelegraph&#8217;s request to disclose what 
stablecoin was used in the transaction. 
This marks the Abu Dhabi-based investment firm&#8217;s first venture into the 
cryptocurrency space.
_**Related:**__**Trump turned crypto from &#8216;oppressed industry&#8217; to 
&#8216;centerpiece&#8217; of US strategy**_

Eric Trump: USD1 will be used for $2B MGX investment in Binance

Data shows the Bitcoin Fear &amp; Greed Index is close to the neutral territory again, a sign that market sentiment has seen a cooldown. Bitcoin Fear &amp; Greed Index Is Now Close To Edge Of Greed Territory The &#8220;Fear &amp; Greed Index&#8221; is an indicator created by Alternative that tells us about the sentiment held by the average trader in the Bitcoin and wider cryptocurrency markets. Related Reading: Old Bitcoin Whales Resurface With $760M Move—Brace For Impact? The index determines the market mentality using the data of five factors: trading volume, market cap dominance, social media sentiment, volatility, and Google Trends. To determine this sentiment, the metric makes use of a numeric scale running from zero to hundred. All values below the 47 mark correspond to a fearful market, while those above 53 imply greed among the investors. The index being between these cutoffs naturally suggests a net neutral mentality. Besides these three main sentiments, there are also two special ones called the extreme fear and extreme greed. The former occurs under 25 and the latter above 75. Now, here is how the Bitcoin Fear &amp; Greed Index currently looks: As is visible above, the Bitcoin Fear &amp; Greed Index has a value of 56 at the moment, which means the investors as a whole share a sentiment of greed. The level of greed is only slight, however, as the metric is just three units above the neutral zone. This wasn&#8217;t the case just a week ago, when the indicator hit the 72 mark, signifying the crowd was very close to becoming extremely greedy. The uplift in sentiment earlier was a result of the asset&#8217;s recovery rally, but with the price surge stalling recently, it seems the investor optimism has waned. Below is a chart that shows how the indicator&#8217;s value has developed recently. The trend in the BTC Fear &amp; Greed Index over the past twelve months | Source: Alternative If Bitcoin&#8217;s sideways action continues in the coming days, it&#8217;s possible that sentiment would decline into the neutral zone next. This development may not actually be so bad for the cryptocurrency. Historically, BTC and other digital assets have tended to move in a direction that&#8217;s opposite to the crowd&#8217;s expectations. The probability of such a contrary move occurring usually grows the more sure the investors become of something. This likelihood is naturally the strongest in the extreme zones, so these regions are where tops and bottoms generally occur for the market. Related Reading: Is Bitcoin Demand Returning? Active Address Trend May Suggest So While BTC is in neither extreme territory right now, the fact that investor sentiment has calmed down to nearly the neutral zone may at least make sure that greed wouldn&#8217;t become the end of the price rally. It only remains to be seen how things play out for Bitcoin now. BTC Price At the time of writing, Bitcoin is floating around $93,800, down over 1% in the last 24 hours. Featured image from Dall-E, Alternative.me, chart from TradingView.com