Bitcoin-Related: Weex Crypto Exchange Expands to Dubai, Aiming for MENA Region Dominance

In a significant move for the cryptocurrency industry, Weex crypto exchange has announced its expansion into the Middle East and North Africa (MENA) region with the establishment of its headquarters in Dubai. Here’s a closer look at the exchange’s ambitious plans and how they could impact the region’s crypto landscape.

Weex Crypto Exchange Sets Up Headquarters in UAE

Weex crypto exchange has set up its headquarters in the UAE as part of its rapid expansion into the MENA region. Andrew Weiner, Vice President of WEEX, noted that they plan to expand their team further in Dubai over the next one to two years, adding 30 to 50 new hires to better support local operations and service deployment. Dubai will serve as the central hub for the platform’s global expansion, driving localized operations and team-building efforts to enhance WEEX’s global strength and influence. WEEX already serves 6.2 million customers across 130+ countries with a daily trading volume of over $5 billion and supports more than 1,700 trading pairs. WEEX also boasts of a 1,000 BTC Protection Fund to protect users’ assets and is currently sponsoring the TOKEN2049 Dubai event.

Tether Boosts Bitcoin Reserves with $735M Purchase

Tether, the issuer of the USDT stablecoin, has expanded its Bitcoin holdings with a $735 million purchase in Q1 2025. The company acquired 8,888 BTC, bringing its total reserves to 92,647 BTC, valued at approximately $7.64 billion. This latest investment has positioned Tether as the sixth-largest Bitcoin holder globally. Notably, the company remained committed to its accumulation strategy despite Bitcoin’s 12% decline in Q1 2025, its worst quarterly performance in seven years. Tether’s unrealized profit on its holdings is estimated at $3.86 billion.

Gold Hits All-Time High of $3,149; Blockchain Boosts Ghana’s Trade

The price of gold has reached an all-time high of $3,149 per ounce as investors seek safer investments amid economic uncertainty. In Ghana, blockchain technology is being used to strengthen gold exports. Additionally, there has been a notable surge in Bitcoin prices. Concerns also arise about the potential impact of Trump tariffs on global trade.

Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure

In a new essay published on March 31, former BitMEX CEO Arthur Hayes predicts a $250,000 Bitcoin price target by year-end. He believes the US Federal Reserve has capitulated to fiscal dominance and resumed quantitative easing (QE) for US Treasury markets. Hayes argues that the Fed’s policy shift signals a structural return to fiat liquidity expansion, historically beneficial to Bitcoin and other hard assets. He expects Bitcoin to surge once the formal announcement is made.

BlackRock’s Larry Fink Predicts Bitcoin to Outperform USD

BlackRock CEO, Larry Fink, has stated that the US dollar risks losing its dominance to Bitcoin due to unchecked debt and deficits. This sentiment is echoed by political figures like Senator Cynthia Lummis. Fink’s annual letter to investors also touched upon poor financial literacy and the need to democratize investment in the US. While Fink warned about Bitcoin’s decentralized nature, his comments could help rally the crypto market and fuel new projects.