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Crypto Trends

Central African Republic to Tokenize Land Using National Solana Meme Coin

by admin May 31, 2025



In brief

  • Starting in June, more than 1,700 hectares of land west of the capital Bangui will be tokenized and sold online using the $CAR token via the Solana blockchain.
  • The presidential decree cites the country’s mining code and tokenization laws, indicating the land may be designated for mining activities such as gold or diamond extraction.
  • The $CAR token rose 21% on the day of the announcement and is up over 127% this week, though gains began prior to the news.

The Central African Republic’s national meme coin, $CAR, surged on Thursday mere hours before President Faustin-Archange Touadéra announced the country would begin tokenizing over 1,700 hectares of land.

“Starting June, land concessions will be accessible online using $CAR, directly on Solana,” Touadéra said Thursday on X. He also shared a presidential decree authorising the tokenization of the land. “A new era of access and transparency begins.”

The decree marks the country’s latest effort to integrate crypto with national development.

The land, which spans an area equivalent to almost 2,500 football pitches, is situated west of the village of Bossongo, located 45 km west of the capital, Bangui. 

The decree also references the country’s mining code and 2023 laws related to tokenizing natural resources, suggesting that the land may be used for mining purposes. 

The industry is big business in the country—Russia’s Wagner Group has run several mining projects there during Touadéra’s tenure, particularly when it comes to gold and diamonds.

However, the price began rising well before the official announcement was made. After hovering around $0.025 on May 26, $CAR experienced notable gains earlier this week.

$CAR is up 21% on the day to $0.05. It’s up more than 127% over the past week, according to CoinGecko, with a current market cap of $56.63 million and over 18,400 holders.



$CAR was launched in February after President Touadéra posted a flurry of social media messages declaring the coin an experiment in uniting citizens and spotlighting the country on the global stage. 

The token briefly hit a peak market cap of $884.31 million a day after launch, before crashing due to unclear utility and waning interest. Despite the current rally, the coin remains down 92.7% from its all-time high of $0.7.

Even still, President Touadéra has continued to post about it regularly on X.

Reminiscent of Donald Trump’s $TRUMP token rollout, Touadéra also offered the top 100 $CAR holders a chance to meet him in Dubai on April 30.

The land tokenization push comes amid the winding down of CAR’s earlier crypto venture, Sango Coin. Launched in 2022 as a national digital currency initiative, the project sparked controversy and frustration among investors.

On April 29, the Sango team said, “The original Sango project… will not continue in its previous form” but hinted at a reboot.

“After careful consideration and strategic planning, we are preparing a new direction that honors the initial ambition, but adapts it to a stronger path forward,” it wrote on X at the time.

Edited by Sebastian Sinclair

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Esports

Faizan Zaki rebounds to win Scripps National Spelling Bee

by admin May 30, 2025



May 29, 2025, 10:48 PM ET

OXON HILL, Md. — Faizan Zaki’s enthusiasm for spelling nearly got the better of him. Ultimately, his joyful approach made him the Scripps National Spelling Bee champion.

The favorite entering the bee after his runner-up finish last year — during which he never misspelled a word in a conventional spelling round, only to lose a lightning-round tiebreaker that he didn’t practice for — the shaggy-haired Faizan wore the burden of expectations lightly, sauntering to the microphone in a black hoodie and spelling his words with casual glee.

Throughout Thursday night’s finals, the 13-year-old from Allen, Texas, looked like a champion in waiting. Then he nearly threw it away. But even a shocking moment of overconfidence couldn’t prevent him from seizing the title of best speller in the English language.

With the bee down to three spellers, Sarvadnya Kadam and Sarv Dharavane missed their words back-to-back, putting Faizan two words away from victory. The first was “commelina,” but instead of asking the requisite questions — definition, language of origin — to make sure he knew it, Faizan let his showman’s instincts take over.

“K-A-M,” he said, then stopped himself. “OK, let me do this. Oh, shoot!”

Texas’ Faizan Zaki, 13, celebrates after spelling “eclaircissement” to win the Scripps National Spelling Bee on Thursday night. Jack Gruber-USA TODAY

“Just ring the bell,” he told head judge Mary Brooks, who obliged.

“So now you know what happens,” Brooks said, and the other two spellers returned to the stage.

Later, standing next to the trophy with confetti at his feet, Faizan said: “I’m definitely going to be having nightmares about that tonight.”

Even pronouncer Jacques Bailly tried to slow Faizan down before his winning word, “eclaircissement,” but Faizan didn’t ask a single question before spelling it correctly, and he pumped his fists and collapsed to the stage after saying the final letter.

The bee celebrated its 100th anniversary this year, and Faizan may be the first champion who’s remembered more for a word he got wrong than one he got right.

“I think he cared too much about his aura,” said Bruhat Soma, Faizan’s buddy who beat him in the “spell-off” tiebreaker last year.

Faizan had a more nuanced explanation: After not preparing for the spell-off last year, he overcorrected, emphasizing speed during his study sessions.

Although Bruhat was fast last year when he needed to be, he followed the familiar playbook for champion spellers: asking thorough questions, spelling slowly and metronomically, showing little emotion. Those are among the hallmarks of well-coached spellers, and Faizan had three coaches: Scott Remer, Sam Evans and Sohum Sukhantankar.

None of them could turn Faizan into a robot on stage.

“He’s crazy. He’s having a good time, and he’s doing what he loves, which is spelling,” Evans said.

Said Zaki Anwar, Faizan’s father: “He’s the GOAT. I actually believe that. He’s really good, man. He’s been doing it for so long, and he knows the dictionary in and out.”

A thrilling centennial

After last year’s bee had little drama before an abrupt move to the spell-off, Scripps tweaked the competition rules, giving judges more leeway to let the competition play out before going to the tiebreaker. The nine finalists delivered.

During one stretch, six spellers got 28 consecutive words right, and there were three perfect rounds during the finals. The last time there was a single perfect round was the infamous 2019 bee, which ended in an eight-way tie.

Sarv, an 11-year-old fifth-grader from Dunwoody, Georgia, who ultimately finished third, would have been the youngest champion since Nihar Janga in 2016. He has three years of eligibility remaining.

The most poised and mature of the final three, Sarvadnya — who’s from Visalia, California — ends his career as the runner-up. He’s 14 and in the eighth grade, which means he has aged out of the competition. It’s not a bad way to go out, considering that Faizan became just the fifth runner-up in a century to come back and win, and the first since Sean Conley in 2001.

Including Faizan, whose parents emigrated from southern India, 30 of the past 36 champions have been Indian American, a run that began with Nupur Lala’s victory in 1999, which was later featured in the documentary “Spellbound.” Lala was among the dozens of past champions who attended this year and signed autographs for spellers, families and bee fans to honor the anniversary.

With the winner’s haul of $52,500 added to his second-place prize of $25,000, Faizan increased his bee earnings to $77,500. His big splurge with his winnings last year? A $1,500 Rubik’s cube with 21 squares on each side. This time, he said he will donate a large portion of his winnings to charity.

The bee began in 1925 when the Louisville Courier-Journal invited other newspapers to host spelling bees and send their champions to Washington. For the past 14 years, Scripps has hosted the competition at a convention center just outside the nation’s capital, but the bee returns downtown next year to Constitution Hall, a nearly century-old concert venue near the White House.

A passionate champion

Faizan has been spelling for more than half his life. He competed in the 2019 bee as a 7-year-old, getting in through a wild-card program that has since been discontinued. He qualified again in 2023 and made the semifinals before last year’s second-place finish.

“One thing that differentiates him is he really has a passion for this. In his free time, when he’s not studying for the bee, he’s literally looking up archaic, obsolete words that have no chance of being asked,” Bruhat said. “I don’t think he cares as much about the title as his passion for language and words.”

Faizan had no regrets about showing that enthusiasm, even though it nearly cost him.

“No offense to Bruhat, but I think he really took the bee a little too seriously,” Faizan said. “I decided to have fun with this bee, and I did well, and here I am.”



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May 30, 2025 0 comments
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