Author: Emirates Insight

USX suffered one of 2025’s sharpest stablecoin depegs, plunging to $0.10 before market makers restored liquidity. The USX stablecoin on Solana lost its dollar peg on December 26, collapsing to just $0.10 on secondary markets. This sudden drop, caused by a severe lack of liquidity, marks one of the most extreme depegs for a major stablecoin this year. Market Strain and Rapid Response According to blockchain security firm PeckShield, which raised an alert about the event, the depeg was a direct result of a liquidity drain on trading platforms. The stablecoin’s developer, Solstice, responded quickly. In a statement posted…

French startup Ÿnsect shot into the spotlight when “Iron Man” star Robert Downey Jr. touted its merits on the Late Show during Super Bowl weekend 2021. Now, nearly four years later, the insect farming company has been placed into judicial liquidation — essentially bankruptcy — for insolvency.  The company’s demise is hardly a surprise, as Ÿnsect had been embattled for months. Still, there is plenty to unpack about how a startup can go bankrupt despite raising over $600 million, including from Downey Jr’s FootPrint Coalition, taxpayers, and many others. Ultimately, Ÿnsect failed to fulfill its ambition to “revolutionize the food…

Saudi Arabia’s non-oil exports, including re-exports, rose by 32.3 per cent year-on-year in October 2025, according to figures released by the General Authority for Statistics (GASTAT), underscoring continued momentum in the Kingdom’s trade diversification efforts. National non-oil exports increased by 2.4 per cent compared with October 2024, while total merchandise exports climbed 11.8 per cent. As a result, the trade balance surplus expanded by 47.4 per cent year-on-year during the month. Imports also grew, rising 4.3 per cent in October 2025. The ratio of non-oil exports to imports improved to 42.3 per cent, up from 33.4 per cent a year…

XRP continues to be deep in the red yearly. With 2025 almost in the history books, it’s time to reflect on certain market behavior, and Ripple’s XRP is quite a curious case. The company behind it is about to notch its perhaps best year to date. It concluded the lawsuit against the US SEC, which had lasted since the end of 2020, announced numerous partnerships with some big names, and completed several significant acquisitions, including the prime broker Hidden Road for well over $1 billion. Its native token also had a highly impressive year, until July, that is. It…

If you thought Dubai couldn’t outdo itself for New Year’s Eve, Atlantis The Royal just raised the bar… WAY UP. Celebrating NYE at the ultra-luxury resort comes with a jaw-dropping price of AED 140,000 for the night. But that’s not even the full story. Want instant updates? Follow Lovin on WhatsApp, and never miss a beat! There’s a 5-night minimum stay (no exceptions) To ring in New Year’s Eve at Atlantis The Royal, guests must book at least five nights, before or after December 31. That means you can’t just pop in for the fireworks, you’re committing to a full luxury…

Several private Indian real estate development companies have entered the Dubai market in recent times, but the entry of National Buildings Construction Corporation (NBCC) India Limited, holds a special significance. NBCC is a Government of India-owned Public Sector Unit (PSU), which is one of the 26 state companies that have been accorded the ‘Navratna’ status (allowing them exemption from obtaining government permissions for various activities, including financial decisions of up to INR10,000 million, or US$111.3 million and forming joint ventures and subsidiaries, etc). NBCC, through its construction and projects sector, has been in the UAE for a while, but the…

Every year, TechCrunch’s Startup Battlefield pitch contest draws thousands of applicants. We whittle those applications down to the top 200 contenders, and of them, the top 20 compete on the big stage to become the winner, taking home the Startup Battlefield Cup and a cash prize of $100,000. But the remaining 180 startups all blew us away as well in their respective categories and compete in their own pitch competition. Here is the full list of the biotech and pharma Startup Battlefield 200 selectees, along with a note on why they landed in the competition.  CasNx What it does: CasNx has…

The Roads and Transport Authority (RTA) announced that the Dynamic Message Signs (DMS) system has become a cornerstone in making mobility across Dubai smoother and safer. Real-time messages displayed on the signs have contributed to reducing travel times by up to 20% on key corridors, while also enhancing road safety by providing early warnings about accidents, traffic congestion, and adverse weather conditions. The RTA currently operates 112 electronic signs strategically placed across the emirate’s main road network, integrated within the advanced iTraffic system at Dubai’s Intelligent Traffic Systems Center. The development of the DMS system reflects RTA’s commitment to leveraging…

Held under the theme ‘Together Towards Tomorrow’, the summit underscored the scale of Saudi Arabia’s transformation, with the real estate and construction pipeline now exceeding $2tn, redefining global benchmarks for development, hospitality, sustainability and design. Investment and sustainability take centre stage In his opening address, Ravi Kumar Chandran, Founder & Managing Director of GBB Venture, highlighted the launch of the summit’s first dedicated investment track, which welcomed more than 200 global investment leaders. He also announced a strategic partnership with VCM to deliver a net-zero summit through carbon measurement, reduction and offsetting, reinforcing Saudi Arabia’s growing leadership in sustainability. The…

Bitcoin dipped below $87K on Christmas amid thin liquidity and ETF outflows, even as on-chain data hints at easing sell pressure. Bitcoin (BTC) slipped below $87,000 during thin Christmas Day trading on December 25, as ETF outflows and weak holiday liquidity kept pressure on the market, according to data shared by XWIN Finance. The pullback comes even as on-chain metrics point to easing sell pressure and a record build-up of stablecoin capital, leaving traders split between caution and the risk of sudden price swings. ETF Outflows and Holiday Liquidity Weigh on Prices XWIN Finance’s Trend Index, published on December…