Kalam Crypto #159: Global Moves, Market Highlights & New Assets

​​"Price is what you pay. Value is what you get." — Warren Buffett

Ahlan wa sahlan! Welcome to the latest edition of Kalam Crypto, your trusted source for crisp, insightful updates on everything crypto across the globe and the MENA region. 

This week, Kazakhstan dreams up a “CryptoCity,” Michael Saylor keeps stacking Bitcoin, Ethereum welcomes $5B in stablecoins, institutions double down on Solana, and Jordan shines on the global adoption map. 

All that and more, so let’s dive in 🤿

Global News 🌍

🇰🇿 Kazakhstan Bets Big: Crypto Reserve & “CryptoCity” by 2026 Kazakhstan aims to future-proof its digital economy with a national cryptocurrency reserve and comprehensive legislation by 2026. The State Fund of Digital Assets will act as a strategic reserve, while Alatau transforms into “CryptoCity”, a fully digitalized hub where crypto powers everyday life. Already a mining powerhouse, Kazakhstan is now cementing its place on the global crypto map with innovation, regulation, and a futuristic city.

💰 Saylor Keeps Stacking: $217M More in BTC Michael Saylor’s Strategy snapped up 1,955 BTC for $217M last week at an average of $111K per coin, bringing the total stash to 638,460 BTC worth $47.2B (avg $73,880 per coin). The buying pace may have slowed, but the accumulation continues, even as Strategy was snubbed from the S&P 500’s latest lineup.

🪙 Ethereum Absorbs $5B Stablecoins in a Week Ethereum just added nearly $1B in stablecoins per day, hitting a record $165B supply and holding 57% market dominance. Tron trails with 27%, and Solana at just 4%. Ethereum also hosts $2.4B in tokenized gold and dominates tokenized Treasurys. With giants like Fidelity launching tokenized funds on Ethereum, the network’s RWA crown looks shinier than ever. 

Stablecoin supply on Ethereum surges. Source: Token Terminal 

🔥 Institutions Pile $1.8B Into Solana Solana is becoming the new corporate crush as 13 public firms now hold $1.8B worth of SOL, about 1.55% of its supply. With SOL at $210 and outperforming peers in 2025, institutions are treating it like a rising “blue-chip” crypto.

Local News 📌

🇯🇴 Jordan Jumps Into Global Top 4 for Adoption Jordan just ranked 4th worldwide in Chainalysis’ 2025 Adoption Index (per capita), the only Arab country to break the top 20. While MENA grew 33% to over $500B, Jordan’s leap puts it shoulder-to-shoulder with India, the U.S., and Ukraine. A regional bright spot!

Keep an eye on 👀

NFTs Cool Off: Sales Hit Summer Lows Weekly NFT sales sank to $91.9M, with unique buyers dipping under 200K; a 58% drop since June. Average sale prices slid from $104 in August to $72 in September. Activity’s still buzzing, but the NFT summer heatwave is fading fast.

Post Of The Week 🐥

Gold = “Natural Bitcoin”? We’re Here for It!

When the Financial Times calls gold the “natural bitcoin,” you know we’ve entered a new era of money talk. Just like Bitcoin, gold has stood the test of time as a hedge against uncertainty - proof that history still teaches lessons.

CoinMENA News 🗞️

🔥 4 New Assets Listed! We’re thrilled to announce that CoinMENA now supports four new digital assets:

• 💵 USD1 – A stablecoin designed for fast, low-fee transactions

• 🌐 ONDO – Harness the power of decentralized finance (DeFi)

• 🏦 USDG – Gold-backed digital currency for secure investing

• 🎮 AXS – Play-to-earn gaming token making waves in the metaverse

Expand your portfolio today and explore the opportunities these new assets bring to your crypto journey.

Quiz Corner ✅ 

Last week’s question: Which country is now the 6th-largest nation-state holder of Bitcoin, mainly through mining operations?

The correct answer is: C) UAE

This week’s question is: As of September 2025, how many publicly listed companies collectively hold nearly $1.8B worth of Solana (SOL)?

A) 5

B) 9

C) 13

D) 20 See the answer in next week’s newsletter. Or check out our learning platform https://university.coinmena.com/