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Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, has stepped down as Special Assistant to the Prime Minister after rules prohi_bited him from holding the SAPM position while serving as chairman of the Pakistan Virtual Assets Regulatory Authority.

His resignation sparked rumors that the crypto ministry was shutting down, but officials confirmed ongoing initiatives, including his upcoming appearance at Binance Blockchain Week.

Appointed in May 2025, Saqib has played a key role in shaping Pakistan’s blockchain strategy. A London-based entrepreneur and MBE recipient, he is known for his tech leadership and social impact ventures.

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Arthur Hayes, co-founder of BitMEX, stated that he views Bitcoin as “on sale” after the cryptocurrency dropped to a four-month low near $104,000. Hayes said that if the ongoing U.S. regional banking instability escalates into a broader financial crisis, it could trigger a stimulus-driven rebound in $BTC
making the current dip a potential buying opportunity.

while Hayes’ timing could appeal to opportunistic investors, the wider market remains cautious. With significant outflows from Bitcoin ETFs and a large transfer of coins from miners to exchanges, the sentiment remains mixed. The viability of this “buy-the-dip” thesis will depend on catalytic events, such as banking shocks or renewed institutional participation.

#Cryptonews #BitcoinInvestment #Crypto #BitcoinCrash #Asiantradetv
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