Pakistan Moves to Regulate Crypto: A Play for Global Investment
Pakistan is gearing up to legalise cryptocurrency in a bid to attract foreign investors and position itself as a leader in blockchain finance. The move, led by the Pakistan Crypto Council (PCC), marks a significant shift for the country, which has largely remained on the sidelines of the crypto revolution.
Brad Garlinghouse Confident in XRP’s Future Amid US Asset Stockpile Speculation
Ripple CEO Brad Garlinghouse has expressed strong confidence in XRP’s growing role in the US financial ecosystem. In a recent Bloomberg interview, he predicted that XRP ETFs could gain SEC approval by late 2025, while also hinting at its potential inclusion in the US Digital Asset Stockpile. With institutional interest
XRP Surges 10% as SEC Drops Ripple Lawsuit Appeal
Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) appears to be over, sending XRP soaring by 10%. The sudden announcement from Ripple CEO Brad Garlinghouse marks a major win for the crypto industry, signalling a shift in regulatory pressure under the new U.S. administration. Ripple Declares
Crypto.com Faces Backlash Over $5 Billion CRO Minting
Crypto.com has sparked controversy by approving the minting of 70 billion CRO tokens, worth approximately $5 billion. The move has raised concerns about financial stability, with critics questioning the exchange’s transparency and long-term strategy. A U-Turn on the 2021 Token Burn The decision to mint new CRO tokens reverses a
Crypto and Fintech Firms Eye Bank Charters for Expansion
Financial technology and crypto firms are increasingly seeking bank charters to fuel their growth under what they perceive as a more industry-friendly Trump administration. With regulatory changes on the horizon, these firms aim to lower capital costs, gain legitimacy, and expand their market reach. A Strategic Move for Crypto and
Bitcoin Volatility Lull Won’t Last, Derive Warns of Impending Storm
Bitcoin (BTC) has settled into a period of low volatility, but this calm may be temporary. Derive, an on-chain crypto options platform, suggests that a storm of price swings could be on the horizon as volatility indicators reach near-monthly lows. BTC Consolidation Signals Imminent Volatility Since March 12, BTC has
Trump-Backed Crypto Venture WLFI Raises $590M Amid Controversy
A cryptocurrency project backed by former U.S. President Donald Trump, World Liberty Financial (WLFI), has taken the market by storm with a staggering $590 million token sale. Despite its massive raise, the project remains shrouded in secrecy, sparking speculation about its DeFi ambitions and political influence. High-Profile Backing Fuels WLFI’s
Crypto ETP Outflows Hit Record $6.4B, but XRP Defies the Trend
The cryptocurrency investment sector witnessed a significant downturn, with exchange-traded products (ETPs) experiencing record outflows of $6.4 billion. However, XRP emerged as a rare exception, attracting strong inflows and boosting its total assets under management (AuM) to new heights. Crypto ETPs See Historic Outflows According to the latest CoinShares report,
Stablecoins Surge as Crypto Stumbles: A $4.23B Boom in Two Weeks
While the broader crypto market has faced a downturn, stablecoins have defied the trend, adding $4.23 billion to their total market cap since March 1. This rapid expansion underscores the growing dominance of fiat-pegged digital assets, offering stability amid crypto’s volatility. Stablecoins Now Command 8.34% of the Crypto Market The
Bitcoin Eyes $95K: Will Short Squeeze Fuel the Rally?
Bitcoin (BTC) saw a 3% recovery after a series of drawdowns since January, reclaiming the $80,000 mark. The rebound came after the US core Consumer Price Index (CPI) for March 12 was reported at 3.1%, lower than expected. This positive macroeconomic indicator has fueled speculation of a bullish turnaround, with
