Software, telecommunications and digital infrastructure
Huawei has introduced next-generation wireless network hardware at its Huawei Decoding China event in Shanghai, spotlighting the commercial deployment of its VitaAAU U6 GHz device across the UAE. In active commercial operation within the UAE, the equipment achieved peak downlink speeds exceeding 10 Gbps. The company also detailed additional network architecture and baseband solutions.
Ras Al Khaimah concluded a friendship pact with China's Fujian Province and signed 10 commercial MoUs covering robotics, smart transit, and logistics. Additionally, RAK established its first physical Chinese business platform, RAK International Guangzhou LLC, in Tianhe CBD.
Binance has pledged to cover all user losses after a security breach drained approximately US$6.3 billion from its wallets. The platform suspended all deposits and withdrawals while conducting security checks and liaising with law enforcement. At this scale, the incident marks the largest recorded digital asset theft in history.
Cryptocurrency exchange Binance reported a security breach affecting an estimated $6.3 billion in digital assets, with roughly $3 billion frozen so far. A preliminary investigation suggests an attacker accessed internal systems via an engineer's laptop, though private keys were not compromised. The platform temporarily suspended deposits and withdrawals and pledged to cover all losses.
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