Pakistan has just become the latest country to take public interest in crypto, tapping Changpeng Zhao, the co-founder of the world’s largest crypto exchange, Binance, to set up a platform that will be able to compete globally in digital finance. CZ’s role as a guardian will see him bring all his years of experience in the crypto space to Pakistan’s newly formed crypto council. As a strategic advisor, he will be responsible for advising them on matters of regulation, infrastructure, education and adoption, according to a statement issued by the finance ministry. Honored to help Pakistan 🇵🇰 adopt crypto! https://t.co/31EwW1HlsR — CZ 🔶 BNB (@cz_binance) April 7, 2025 Pakistan turns to crypto in desperate search for investors Partnering with CZ is a tactic; the appointment comes at a time when Pakistan is desperately in the market for investments that can bolster the country’s economy, which dodged a financial default in 2023. The government is looking to draft a legal framework for cryptocurrency trading in hopes that the new development, a forward-thinking one, would attract foreign investors. “We are sending a clear message to the world: Pakistan is open for innovation,” Finance Minister Muhammad Aurangzeb shared in the statement. “With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.” Crypto trading has been steadily gaining traction among Pakistan’s 230 million population even though its central bank has regularly raised alarms about the risks posed by the industry. “Pakistan is opening its doors to the future of finance,” said Bilal Bin Saqib, CEO of the crypto council. “And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.” Saqib is the recipient of the 1632nd Points of Light Award, awarded by the British Prime Minister to recognize change-makers in the country. Honoured to lead as CEO of the Pakistan Crypto Council, working with our esteemed board and Chairman, the Finance Minister, at a defining moment for our nation. With Pakistan ranking in the top 10 for global crypto adoption and an estimated 25M+ active users, alongside a $30B+… https://t.co/iFRlHXOtXU pic.twitter.com/laj0arzpN9 — Bilal bin Saqib MBE (@Bilalbinsaqib) March 15, 2025 Before he became the CEO of the PCC, Saqib was appointed Chief Advisor to the Finance Minister of the Pakistan Crypto Council. As CEO, he will reportedly put his knowledge and experience to work in the nation’s favor to integrate cryptocurrency and blockchain technologies into its financial ecosystem while making sure they develop a robust regulatory framework for digital assets in alignment with global best practices. CZ believes crypto can unlock limitless potential News of CZ’s appointment was announced on April 7, 2025, while he was on a visit to Islamabad, where he had meetings with high-ranking officials, including the Prime Minister, Finance Minister Senator Muhammad Aurangzeb, and leaders from the State Bank of Pakistan and the Securities and Exchange Commission. 🚨 Calling all AI engineers! @cz_binance is hiring AI engineers for @GiggleAcademy ! This is your chance to build the future of education alongside a legend. One project. Endless impact. #AI #jobs pic.twitter.com/TIuTbrIU1J — Bilal bin Saqib MBE (@Bilalbinsaqib) December 9, 2024 “Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless,” CZ said during the announcement. The Pakistan Crypto Council, established under the Finance Division, is leading the digital transformation initiative. The council aims to regulate and integrate blockchain technology and digital assets into the nation’s financial ecosystem, making it one of the driving forces of crypto adoption in the country. The appointment comes after CZ signed a memorandum of understanding (MoU) last week with the Kyrgyz Republic’s National Investment Agency (NIA) to boost blockchain growth in Kyrgyzstan. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment. Source: Coinglass Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL appears bearish despite the ongoing price recovery. On April 6, 2025, SOL broke down from its prolonged key support level of $115 and also closed a daily candle below that level, a level it had held since March 2024. Source: Trading View This breakdown has pushed SOL into an extremely bearish phase. However, the ongoing price recovery appears to be a retest of the breakdown level. Based on the recent price action and historical momentum, if SOL remains below the $115 level, there is a strong possibility it could decline by 30% and reach the $77 level in the near future. Source: Trading View This bearish outlook is strongly supported by momentum indicators such as the Relative Strength Index (RSI) and the 200-day Exponential Moving Average (EMA) on the daily time frame. Current Price Momentum As of writing, SOL was trading near $107 and had registered a price drop of over 1% in the past 24 hours. Meanwhile, the asset showed a strong recovery, having hit a low of $95.6 during the Asian market session. Amid this significant price fluctuation and market volatility, SOL’s trading volume has skyrocketed by 185% during the same period. $140 Million Worth of SOL Outflow While examining the on-chain metrics, it appears that whales, investors, and long-term holders have seized the opportunity to accumulate SOL at the current price level, according to the on-chain analytics firm Coinglass. Source: Coinglass Data from spot inflow/outflow reveals that exchanges have seen an outflow of approximately $140 million worth of SOL over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to buying pressure. However, due to the prevailing bearish sentiment, a strong upside rally may be difficult to achieve.
Metaplanet, the Japanese hotel developer turned bitcoin treasury firm, announced on Monday that it had fully redeemed or paid off ¥2 billion ($13.5 million) worth of zero coupon bond debt more than five months early (the bonds had a maturity date of Sept. 17, 2025). Funds raised by the bond issuance were used to purchase
A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group's purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the board. Janover is a real estate financing company that connects lenders and buyers of commercial properties. The company stock price saw an 840% rise on April 7 as part of the deal. According to a statement, the company's new leadership has plans to create a Solana ( SOL ) reserve treasury. The plans include acquiring Solana validators, staking SOL and additional purchases of the token. Janover stock price on April 7. Source: Google Finance In tandem with the announcement, Janover revealed that it had raised $42 million in an offering of convertible notes. Convertible notes are a type of debt instrument that can later be converted to equity at a certain price. Participants in the funding round include Pantera Capital, Kraken, Arrington Capital, Protagonist, Third Party Ventures, and others. Janover announced in December 2024 that it had begun accepting payments for its real estate services in Bitcoin ( BTC ), Ether ( ETH ), and SOL. Crypto treasury companies: Bold or risky? In August 2020, Strategy became one of the first publicly traded companies to hold Bitcoin on its balance sheet . Since then, several companies have followed suit, including Japan’s Metaplanet , Semler Scientific , and Tesla . In many cases, these companies have seen rises in their share prices as investors sought exposure to digital assets through traditional financial products. Some outsiders have criticized this approach due to the cryptocurrencies’ volatility and some companies’ financing methods, such as convertible note offerings used by Strategy. SOL has seen significant volatility in the past 365 days, according to MarketVector. The coin has risen as to high as $274.50 and fallen to a low of $107.68. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
The cryptocurrency market is facing severe turbulence, putting many investments at risk. Savvy investors are on the hunt for the best strategies to safeguard their assets. The focus is now on identifying the resilient coins that might rise despite the market’s downturn. Discover the top cryptos that could potentially weather the storm and offer a lifeline to savings. TRON's Mixed Momentum: Short-Term Correction, Long-Term Rebound TRX price action over the last month saw a decline of nearly 9% after experiencing a one-week drop of about 4.4%. Over the half-year period, TRON enjoyed a robust rebound of roughly 38.5%, marking a significant recovery from lower levels. The past month reflects a period of correction following an extended rally, suggesting the market has been in flux with strong gains earlier in the six months balanced by recent short-term weakness. TRON trades between $0.22 and $0.26, with a clear resistance at $0.27 and immediate support at $0.19. Additional levels at $0.31 and $0.15 offer further guidance. Indicators show weak momentum and an RSI near 40, pointing to a bearish short-term bias. Traders may look for breaks around these key levels while awaiting clearer directional signals. Ethena Price Evolution and Key Support-Resistance Levels Ethena experienced significant drops with a 31.62% dip over one week and a 40.72% decline in one month. The six-month pullback of 10.79% suggests that the long-term slide has been less drastic than the short-term losses. Price movements indicate a market influenced by bearish sentiment, marked by notable volatility and rapid fluctuations. Ethena currently trades between $0.29 and $0.44, with a resistance near $0.53 and support at $0.24. Bears dominate the market due to recent declines and a low RSI of 32.25. Traders might focus on how the support at $0.24 holds up while considering potential gains if momentum shifts towards the second resistance level at $0.68. XRP: From Six-Month Surge to Recent Price Dips XRP experienced a six-month surge of over 211%, showcasing strong upward movement. However, the last month saw challenging performance, with prices falling by almost 31%, and a one-week decline near 23%. This shift highlights a recent pullback after a significant rally. The coin's volatility is evident as it transitioned from sustained gains to a notable correction. XRP currently trades within a range of about $1.66 to $2.77, with support at $1.23 and resistance at $3.45. Bearish momentum is dominant, but the low RSI near 28 indicates oversold conditions that may invite buying near support. Trading strategies should focus on monitoring price behavior at key levels and watching for potential reversals or continued downturns. Conclusion In today's challenging market, it is essential to focus on reliable and promising cryptocurrencies. TRX , ENA , and XRP offer strong options for safeguarding savings. These cryptocurrencies present solid performance and potential resilience, making them smart choices for navigating the current financial climate. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
XRP ( XRP ) fell on April 7 as the wider crypto market sold off, and the US-led tariff war dragged on into a third day. Nearly $60 million worth of XRP futures positions were liquidated over the last 24 hours and analysts said that the lack of enthusiasm among derivatives traders was weighing down XRP price. XRP/USD daily chart. Source: Cointelegraph/ TradingView XRP drops in tandem with the broader crypto market This broader crypto market correction stemmed from the risk-off sentiment recently adopted by traders. US President Donald Trump recently announced trade tariffs on US trading partners as part of his administration’s economic strategy. Targeting nations like China and the EU with steep import taxes, these tariffs have ignited fears of a global trade war. XRP, just like other risk-on assets, is particularly sensitive to such disruptions. Investors are worried that reduced international trade volume could dampen demand for XRP’s use case, driving its price down. Over $59 million in long XRP positions liquidated XRP’s bearishness on April 7 is accompanied by significant liquidations in the derivatives market, signaling strong downward pressure. Over $59 million worth of long XRP positions were liquidated, and $11.56 million in short liquidations took place. Total XRP liquidations. Source: CoinGlass The scale of these liquidations mirrors the period between Feb. 2 and Feb. 4, when a total of $112.25 million in long XRP positions were wiped out. This accompanied a 40% drop in price from $2.97 to a four-month low of $1.76 over the same period. Related: XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline Dropping open interest and negative funding rates XRP’s price action also reflects a lack of enthusiasm in its derivatives market, as evidenced by low open interest and funding rates. XRP’s open interest fell to $2.87 billion and is 63% below its peak of $7.8 billion witnessed on Jan. 18. Declining OI means less capital is entering the market, which can exacerbate the price decline as buying pressure dries up. XRP open interest across all exchanges. Source: CoinGlass Compounding this issue are negative funding rates in XRP perpetual futures markets. This metric has remained negative most of the time since early March, and when rates turn negative, shorts (bets against the price) pay longs to keep their positions open, suggesting bearish sentiment. XRP funding rates across all exchanges. Source: CoinGlass This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Caroline Crenshaw emphasizes the unrecognized risks of dollar-pegged crypto assets. Investors face limitations due to brokerage intermediaries affecting their rights. Continue Reading: Caroline Crenshaw Highlights Risks of Crypto Assets Pegged to the US Dollar The post Caroline Crenshaw Highlights Risks of Crypto Assets Pegged to the US Dollar appeared first on COINTURK NEWS .
Leveraged 2x XRP ETF to Launch in US Tomorrow Despite Spot XRP ETF Still Pending Approval – Eric Balchunas 💰Coin: XRP ( $XRP ) $1.91
The cryptocurrency market has recently faced a significant downturn, with an average decline of 15% across major digital assets. Despite this volatility, seasoned investors continue to place their confidence in established cryptocurrencies like Solana (SOL), XRP, and Bitcoin (BTC), anticipating their resilience and potential for recovery in 2025. Concurrently, emerging projects such as MAGACOINFINANCE are gaining attention for their promising prospects. Solana (SOL), XRP, and Bitcoin (BTC): Current Market Performance and Outlook As of April 7, 2025, the cryptocurrency landscape reflects the following prices: Solana (SOL): Trading at $101.40, SOL has experienced a 14.8% decline from the previous close. XRP: Currently priced at $1.79, marking a 14.4% decrease. Bitcoin (BTC): With a current price of $77,114.00, BTC has seen a 6.9% drop. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE: An Emerging Opportunity Amid Market Volatility While established cryptocurrencies navigate the current market fluctuations, MAGACOINFINANCE is distinguishing itself as a project with significant growth potential. Unprecedented Growth Potential MAGACOINFINANCE has successfully raised over $5.3 million in its pre-sale phase, reflecting strong investor confidence. With a total supply capped at 100 billion tokens, the project is strategically positioned for potential appreciation as it approaches its official listing. Exclusive Offer: 50% Bonus with MAGA50X Investors have a limited-time opportunity to maximize their holdings through the MAGA50X bonus: Pre-sale Price: $0.0002704 per token Listing Price: $0.007 per token By applying the MAGA50X bonus, the purchase price is effectively reduced to $0.0001803 per token. This adjustment enhances the potential Return on Investment (ROI) to approximately 3,782%, or a 37.82x increase. Consequently, a $1,000 investment at this rate could potentially grow to $37,820 before the first exchange listing. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X Hedera (HBAR) and Chainlink (LINK): Additional Considerations Other cryptocurrencies also present investment opportunities: Hedera (HBAR): Currently trading at $0.1373, down 12.4% from the previous close. Chainlink (LINK): Priced at $10.83, experiencing a 14.0% decline. While these assets have potential, their capacity to deliver exponential returns from current price points may be more constrained compared to emerging projects like MAGACOINFINANCE. CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Conclusion MAGACOINFINANCE offers compelling opportunities for substantial returns, especially for investors seeking early-stage ventures with high growth prospects. As always, thorough research and consideration of market dynamics are essential when making investment decisions. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Crypto Market Crashes 15%, But Solana, XRP, and Bitcoin (BTC) Remain 2025 Favorites
Former Binance CEO Changpeng Zhao has reportedly been appointed to advise Pakistan on Web3 and blockchain technology. Local media in Pakistan is reporting that CZ has joined the Pakistan Crypto Council as a strategic advisor for the country of 247 million. Says Senator Muhammad Aurangzeb, Finance Minister of Pakistan, of CZ’s involvement, “This is a landmark moment for Pakistan. We are sending a clear message to the world: Pakistan is open for innovation. With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.” Bilal Bin Saqib, CEO of the Pakistan Crypto Council said, “Pakistan is opening its doors to the future of finance. And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.” According to CZ, Pakistan offers “limitless” potential to crypto. Last week, the Binance founder also inked a deal to advance crypto technologies in the Central Asian nation of Kyrgyzstan. Said CZ at the time, “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ex-Binance CEO Changpeng Zhao Appointed Strategic Advisor by Pakistan’s Crypto Council appeared first on The Daily Hodl .