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Solana Foundation signs MOU with Dubai’s VARA to boost crypto innovation in the MENA region.
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NewGenIVF commits $30M to Solana staking, signaling rising institutional confidence.
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Despite strategic moves, SOL price holds steady near key technical resistance at $163.
Solana just landed a major partnership in the Middle East but the market’s reaction has been well… dull.
On Tuesday, the Solana Foundation announced it has signed a Memorandum of Understanding (MOU) with Dubai’s Virtual Assets Regulatory Authority (VARA), a move that signals deeper regional ambitions and long-term infrastructure plans. Still, Solana (SOL) barely budged, trading around $160 despite the strategic implications.
Here’s a deeper dive.
A Power Move in the MENA Region
This MOI sets the stage for tangible initiatives in Dubai, including talent development programs,>
“This partnership helps Solana founders plug directly into that momentum,” the foundation shared on X.
Dubai has made its plans known to become a global Web3 leader, and Solana is clearly aiming to be part of that infrastructure.
The Big Picture: A Long Game in Motion!
Solana’s push into Dubai is about embedding itself into the foundations of global Web3 policy and infrastructure. Add in major capital inflows like NewGenIVF’s staking commitment, and the long-term narrative for SOL continues to build.
Whether or not the charts catch up in the short term, Solana is clearly positioning for something bigger. We’ll be here to tell you all about it.