Finance Division hosted a high-level consultative meeting on Pakistan’s National Digital Asset Framework, co-chaired by Finance Minister Senator Muhammad Aurangzeb and PVARA Chairman Bilal Bin Saqib. Top leadership from the State Bank, presidents of major Pakistani banks, and senior Binance executives including Global CEO Richard Teng joined the discussion. The meeting focused on Pakistan’s next steps toward building a secure, transparent, and innovation-driven digital asset ecosystem, including: 🔹 Responsible rollout of on/off-ramp infrastructure 🔹 Strengthened compliance and AML/CFT standards 🔹 Greater transparency across digital markets 🔹 Deeper integration of regulated financial institutions Minister Aurangzeb reaffirmed Pakistan’s commitment to a forward-looking regulatory environment that protects national interests while enabling technological progress. He stressed the need for strong coordination between government, global exchanges, and domestic banks to modernize payments, expand financial inclusion, and align with international best practices. The Binance delegation shared insights on global trends and Pakistan’s fast-growing role in the digital asset space. Discussions highlighted: 💠 The opportunity to formalize citizen-held virtual assets for better financial visibility 💠 Blockchain’s potential to reduce costs from Pakistan’s USD 38B annual remittance flows 💠 Building local talent for Web3, creating new high-value jobs for Pakistani youth 💠 Exploring sovereign debt tokenization to expand liquidity and investor access Participants also discussed principles for a practical taxation and compliance framework, including oversight through licensed exchanges, phased capital gains structures, and potential time-bound amnesty to shift users onto regulated platforms. Work is advancing on a structured licensing regime for Virtual Asset Service Providers, aimed at meeting global standards, ensuring user protection, and encouraging institutional participation. Bank presidents shared perspectives on custody, risk management, and collaboration as Pakistan prepares for a regulated digital asset environment that supports economic growth, investment, and technological innovation. In concluding remarks, Chairman Bilal Bin Saqib emphasized Pakistan’s unique opportunity to shape global digital finance norms and highlighted digital assets as core financial infrastructure capable of supporting inclusion, unlocking new banking opportunities, and driving national progress. He underscored PVARA’s commitment to a Pakistan-first, collaborative, and innovation-led approach rooted in regulatory alignment, sandboxes, and capacity-building.
Over the past 24 hours, crypto markets witnessed extreme volatility, triggering liquidations worth a massive $1.19 billion across exchanges. Out of 307,249 traders affected, long positions accounted for $935.48 million of the total, while shorts contributed $253.45 million. The most significant liquidation was a Hyperliquid-ETH order valued at $20.43 million. Heavy liquidation spikes like this are often a sign of market stress and forced buy/sell pressure, so stay vigilant and manage your risk accordingly! $BTC
#HODLTradingStrategy If we look at the the top coins by marketcap, we're either very close to alt szn, or really far off, depending on which ones you're using as your indicator. Obviously, XRP has really led the charge here (which historically means that its hippie twin XLM will accelerate too), but BNB is also right behind. ETH and TRX are both 30% away from their respective ATHs, and newcomer SUI is right there with them. But it's HYPE that is really impressive here -- it hit its ATH earlier this week, and it's also the youngest token on this list. $XRP
🔮 ETH could hit $15,800 by 2028, says Consensys — as Ethereum becomes the backbone of global trust infrastructure. From smart contracts to “trustware,” ETH is shaping the future of finance. #Ethereum #ETH #CryptoFuture #BlockChainRevolution💎 $ETH
For the first time in 14 years, eight old Bitcoin wallets have been activated in the past 24 hours.
They transferred a total of 80,009 BTC, worth approximately $8.69 billion.
▪️ It started with four wallets, which sent 40,000 BTC (around $4.35 billion); ▪️ Later, two more joined in - each transferring 10,000 BTC, bringing the total to 60,000 BTC; ▪️ Then, two additional addresses were activated, completing the series of transfers; ▪️ All of this Bitcoin was originally received back in 2011, when the price ranged between $0.78 and $3.37 per coin; ▪️ Four other wallets of the same age remain inactive; ▪️ This is the largest movement of funds from so-called “sleeping wallets” in a long time, and the crypto community is in a panic - who’s behind this, and why were such massive amounts suddenly activated? 🚩 $BTC
Bitcoin has historically posted double-digit gains in the weeks following the passage of major US debt-expanding bills. Will 2025 follow the same pattern?
Key points: Bitcoin gained 38% when US President Trump signed a major spending bill in late 2020.Doing so again would put BTC/USD at $150,000 as Trump prepares to sign his “Big Beautiful Bill” into law.Global liquidity trends continue to favor BTC price upside, but Bitcoin may peak first. Bitcoin could gain nearly 40% after US President Donald Trump signs his “Big Beautiful Bill” on Independence Day.
Crypto market participants are eyeing swift BTC price gains as Trump’s “massive” spending bill becomes reality.
Bitcoin has historically reacted extremely positively to signals that US borrowing will increase. Trump’s “Big Beautiful Bill” may be no exception, as estimates see US national debt exploding to $40 trillion in 2025.
“To put this into perspective, at the start of 2020, total US debt stood at $23.2 trillion. This would mark a near $17 TRILLION increase in 6 years,” trading resource The Kobeissi Letter wrote in part of a recent analysis on the topic.
“Never in history has the US borrowed even remotely near the levels we are borrowing now. This is a crisis.”
Kobeissi referenced odds from prediction service Kalshi, which provided the $40 trillion figure.
In the past, however, Bitcoin has enjoyed the added risk that increasing the US debt mountain implies.
As noted by crypto X commentators, including the YouTube account Crypto Rover, when Trump signed a COVID-19 spending bill in late 2020, BTC/USD subsequently gained 38% in a matter of weeks.
If the same price action were to follow the Big Beautiful Bill, Bitcoin would end up passing $150,000.
Bitcoin follows the money
As Cointelegraph continues to report, bullish BTC price bets are also being fueled by an expanding global M2 money supply.
A clear correlation has been evident throughout Bitcoin’s history, with BTC/USD following M2 both up and down with a slight delay.
This month, trader and analyst Rekt Capital acknowledged that M2 can continue rising even after Bitcoin sees a bull market blow-off top.
On Thursday, global M2 hit a new all-time high of more than $55.4 trillion.