Kalam Crypto #162: 📈Bitcoin Rebounds to $116K: Market Resilience in Action

This week, markets bounced back from a sharp correction, Morgan Stanley opened the crypto gates to all clients, and Dubai took another major leap toward becoming a top-three global financial hub.

13 Oct, 2025

CoinMENA Team

Author

“In the middle of difficulty lies opportunity.” — Albert Einstein

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, markets bounced back from a sharp correction, Morgan Stanley opened the crypto gates to all clients, and Dubai took another major leap toward becoming a top-three global financial hub.

All that and more, so let’s dive in!

Market Update 🪙

Crypto Markets Rebound After Flash Dip Bitcoin (BTC) surged back to $116,000 following its largest-ever liquidation cascade, recovering from Friday’s lows of $109,700. The sudden market correction, triggered by a single US-China trade war tariff announcement, wiped out billions in open interest and rattled both crypto and traditional markets, but the swift rebound highlights the market’s resilience and unstoppable momentum/growth.

CoinMENA News 🗞️

🚀 4 New Digital Asset Listings! BONK, JUP, W & RENDER are now live! Diversify your portfolio, trade seamlessly, and explore the newest additions on CoinMENA, all using your local currency.

Global News 🌍

Morgan Stanley Opens Crypto Funds to All Clients Morgan Stanley will allow all clients, including those with IRAs and 401(k)s, to invest in cryptocurrency funds starting Wednesday, expanding access beyond high-net-worth investors. Advisers will initially offer Bitcoin funds from BlackRock and Fidelity, with allocations capped to manage risk. The move could unlock millions in retirement assets for crypto exposure, as digital assets increasingly become a standard part of diversified portfolios.

Uganda Pilots CBDC as Kenya Nears Crypto Law Uganda launched a CBDC pilot backed by treasury bonds, part of a $5.5B tokenization push across key sectors. Kenya’s crypto bill now awaits presidential approval, setting rules for exchanges, wallets, and brokers. Sub-Saharan Africa continues to see rapid crypto adoption, with stablecoins driving nearly half of regional transactions.

🇦🇪 Local News

DMCC and Vara Revolutionize Commodity Trading DMCC has teamed up with Dubai’s Virtual Assets Regulatory Authority (VARA) to advance tokenised commodities, combining DMCC’s commodities expertise with VARA’s regulatory oversight. Pilot projects will explore tokenising gold, diamonds, and other assets, while workshops and awareness initiatives aim to build market trust. This partnership strengthens Dubai’s position as a global hub for digital assets, blockchain innovation, and the future of trade.

Dubai Approves Financial Strategy to Double Sector’s GDP Contribution Dubai has approved the Dubai Financial Sector Strategy, a roadmap to double the sector’s contribution to GDP and expand assets under management. Championed by Sheikh Maktoum bin Mohammed, the plan includes 15 transformative programs over three years to strengthen capital markets, fintech, and virtual assets. Dubai now ranks 11th globally on the GFCI and leads worldwide in future growth potential, with nearly AED 2.5 trillion in virtual asset transactions under VARA. The move reinforces Dubai’s vision to become one of the world’s top three financial hubs.

Keep an eye on 👀

Central Banks Are Moving Away From the Dollar. Shouldn’t You?

As global central banks diversify their reserves, many are reducing their reliance on the US dollar and turning to alternative assets like gold and, increasingly, Bitcoin. Physical gold, while valuable, is costly to store, difficult to transport, and limited in utility. Bitcoin, often called digital gold, offers the same scarcity but with unmatched speed, portability, and accessibility.