The post U.S.-Pakistan Crypto Alliance? Bilal Bin Saqib Meets Trump’s Digital Asset Chief appeared first on Coinpedia Fintech News In a high-level meeting aimed at advancing digital asset cooperation, Pakistan’s Minister for Crypto and Blockchain, Bilal Bin Saqib , met with Robert “Bo” Hines , Executive Director of former President Donald Trump’s Council on Digital Assets . The conversation marked a significant move towards cross-border collaboration on crypto innovation and infrastructure development. Key Highlights of the Bilal-Hines Meeting During the strategic dialogue, the two leaders explored several critical areas: Potential U.S.-Pakistan crypto partnerships The future of decentralized finance (DeFi) Bitcoin’s role in sovereign economic strategy Bilal Bin Saqib declared a bold vision during the session: “It is my mission to position Pakistan as a global leader in digital assets.” He also announced plans to establish a Strategic Bitcoin Reserve (SBR) , highlighting Pakistan’s commitment to digital asset adoption and economic modernization. Pakistan’s Infrastructure Push for Crypto and AI Saqib revealed Pakistan’s ambitious plan to allocate 2,000 megawatts of electricity to support crypto mining and AI zones across the country. This initiative marks a major step toward building a digital economy powered by blockchain and artificial intelligence. Adding to the momentum, on May 21st , Pakistan’s Finance Ministry officially approved the creation of a dedicated crypto regulatory body to oversee and manage all crypto-related activities. Will the U.S. and Pakistan Lead Crypto Innovation Together? At the meeting, both Hines and Saqib shared a mutual interest in fostering U.S.-Pakistan collaboration on digital assets. The joint approach aims to empower youth, drive innovation , and boost economic inclusion through blockchain ecosystems. Notably, Pakistan also held separate discussions with the White House Counsel’s Office , underscoring its growing alignment with the U.S. on virtual asset strategies. Strategic Bitcoin Reserve and Global Spotlight The Pakistan-U.S. dialogue follows Pakistan’s recent announcement of its Strategic Bitcoin Reserve (SBR) at the Bitcoin 2025 conference in Las Vegas . With this bold step, Pakistan became the first Asian country to integrate Bitcoin into its sovereign asset strategy . Final Thoughts Pakistan’s crypto leadership vision is no longer just talk. With dedicated energy allocations, regulatory frameworks, and strategic international ties, the country is fast positioning itself as a trailblazer in digital assets . The White House engagement signals the beginning of a new era in U.S.-Pakistan crypto relations —one with the potential to reshape digital finance in Asia and beyond.
The Moscow Exchange (MOEX) has launched crypto-linked futures trading, marking a pivotal development in Russia’s regulated financial markets for qualified investors. This new product, tied to a Bitcoin Trust ETF
Binance launches an Altcoin Liquidity Enhancement Program for small and medium-sized market makers. Participants receive attractive rebates based on their altcoin trading volume market share. Continue Reading: Boost Your Altcoin Trading with Binance’s Innovative Liquidity Program The post Boost Your Altcoin Trading with Binance’s Innovative Liquidity Program appeared first on COINTURK NEWS .
Moscow Exchange (MOEX) has launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), marking a significant step in Russia’s crypto investment landscape. This new futures contract, available exclusively to
Bitcoin traded at $105,289 on June 4, 2025, with a total market capitalization of $2.09 trillion. The cryptocurrency’s 24-hour trade volume stood at $24.92 billion, within a daily price range of $105,293 to $106,854. Bitcoin On the 1-hour chart, bitcoin exhibited a micro downtrend leading into June 4, characterized by a consistent pattern of lower
Market sentiment is subdued today as most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH) , traded flat. BTC is trading around $105,300 and has registered a negligible increase in the past 24 hours as it struggles to build momentum and push higher. The flagship cryptocurrency had reached an intraday high of $106,790 on June 3 but lost momentum after reaching this level and dropped to its current level. Meanwhile, ETH has maintained its position above $2,600, trading around $2,625 after registering a marginal increase. Ripple (XRP) is up almost 2%, trading around $2.23, while Solana (SOL) is down nearly 2%, trading around $157. Dogecoin (DOGE) and Cardano (ADA) are also marginally down. Toncoin (TON) and Hedera (HBAR) also registered notable declines. However, Stellar (XLM) , Litecoin (LTC) , and Polkadot (DOT) bucked the bearish trend and registered notable increases. US Stocks Climb As Strong Labor Data Eases Market Fears US stocks rose on Tuesday, buoyed by stronger-than-expected labor data and optimism around US-China trade talks. The Dow Jones Industrial Average rose 214 points or 0.51%, while the S&P 500 registered an increase of 0.58%. The tech-heavy Nasdaq also registered a substantial increase, rising 0.81%, thanks to a rally in chip stocks led by Nvidia. Moreover, a surprise jump in April’s job openings, as reported in the JOLTS update, reassured investors about labor market resilience despite tariff concerns. Openings rose to 7.39 million, setting a positive tone ahead of Friday’s jobs report. The jump comes despite the OCED slashing its 2025 growth forecast from 2.2% to 1.6%. The OCED cited the effects of President Trump’s tariff plans on investment and market confidence. Thanks to trade tensions, the OCED also lowered the global growth forecast. China’s factory sector posted its worst performance since 2022, reflecting the impact of renewed trade tensions. California Approves Bill Allowing Crypto Payments For State Services The California State Assembly has passed a bill allowing state departments to accept crypto as payment. Lawmakers unanimously approved Assembly Bill 1180 (AB 1180) during its third reading. The bill, introduced by Avelino Valencia, now heads to the State Senate for further consideration. If enacted, the bill would require the Department of Financial Protection and Innovation (DFPI) to establish regulations to allow state fees and transactions to be paid using digital currencies. The bill also recommends a pilot program before its full implementation, set to begin upon Governor Gavin Newsom. Under AB 1180, the DFPI will also be responsible for submitting a report detailing the number and type of crypto transactions processed, along with any regulatory issues encountered during the program. The bill had several amendments before it passed the assembly. One key revision removed language concerning ride-sharing companies and personal vehicles used for transportation services. The revision narrowed the bill’s focus to digital asset transactions under DFAL. AB 1180 is expected to complement AB 1052, another crypto-focused bill that aims to protect the use of digital assets in private transactions and enshrine the right to crypto self-custody. World Liberty Financial Airdrops USD1 To WLFI Holders Trump-linked World Liberty Financial has airdropped 47 USD1 stablecoins to wallets participating in its presale. The airdrop was flagged by blockchain analytics firm Lookonchain. Lookonchain noticed that wallets that had participated in the WLFI token sale received 47 USD1. Several WLFI holders confirmed receiving the airdrop, which was completed on the Ethereum blockchain. “Looks like Trump's World Liberty is airdropping 47 $USD1 to every wallet that participated in the WLFI sale.” The number 47 is believed to commemorate Donald Trump becoming the 47th President of the United States, giving the airdrop a ceremonial significance. The airdrop was originally proposed and approved through World Liberty Financial’s on-chain governance platform, with over 99% of votes supporting the move. The final approval was granted on May 15. Bitcoin (BTC) Price Analysis Bitcoin (BTC ) continues to trade under the 20-day SMA as it struggles to overcome the resistance at around $106,000. If BTC can cross and close above this level, it would suggest a recovery is on the cards. BTC could retest the $110,000 level in such a scenario. BTC’s price action has been subdued this week as profit-taking, ETF outflows, and buyer exhaustion take their toll on momentum. Glassnode reported that it noted an increase in entity-adjusted realized profit, which rose above $500 million per hour thrice within a 24-hour window, indicating that traders were locking in massive profits. “Realized Profit Surge Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity.” The entity-adjusted realized profit is a metric that measures the total gains locked in wallets after adjusting for internal transfers and entity clustering, offering an accurate view of how much real profit is being taken across the market. Glassnode also highlighted that the average coin has captured a 16% profit, noting that less than 8% of Bitcoin’s trading history has been more profitable for holders. BTC traded in positive territory the previous weekend, rising 0.46% on Saturday and 1.16% on Sunday to cross $109,000 and settle at $109,103. The price continued to push higher on Monday, registering a marginal increase and settling at $109,453. However, it lost momentum on Tuesday, registering a marginal drop to slip below $109,000 and settle at $108,954. Sellers retained control on Wednesday as BTC fell 1.03% to $107,834. Selling pressure intensified on Thursday as the price fell over 2%, slipping below the 20-day SMA and settling at $105,662. Source: TradingView BTC continued to trade downwards on Friday, falling 1.51% and slipping below $105,000 to settle at $104,067. Despite the overwhelming selling pressure, BTC recovered over the weekend, rising 0.69% on Saturday and almost 1% on Sunday to reclaim $105,000 and settle at $105,775. The price fell to a low of $103,734 on Monday but recovered to register a marginal increase and settle at $105,903. BTC was back in the red on Tuesday as sellers regained control. As a result, the price fell 0.44% to $105,435. The current session sees BTC marginally down as buyers and sellers struggle to reclaim control. Ethereum (ETH) Price Analysis Ethereum (ETH) bounced off its 200-day EMA, indicating strong support and the potential for further upside. The world’s second-largest cryptocurrency is consolidating between $2,450 and $2,700. Buyers will look to build momentum and push the price above $2,700. A break above this level could take ETH to $3,000. ETH appears to be regaining momentum as institutional interest in the asset returns, with many offloading BTC for ETH. Data from Lookonchain reveals that BlackRock recently reduced its BTC holdings in favor of ETH, with Fidelity making a similar adjustment. The two asset managers sold around $180 million BTC, pivoting towards ETH and purchasing $78 million worth of the asset. The trend was visible across the broader ETF markets, with Ethereum-based ETFs registering $109 million in inflows on the same day. Institutions and financial firms could be beginning to treat ETH as a reserve asset. Nasdaq-listed SharpLink Gaming recently raised $425 million for its ETH treasury. The round was led by ConsenSys, with Ethereum co-founder Joseph Lubin also joining the company’s board. ETH traded positively the previous weekend, registering marginal increases on Saturday and Sunday to settle at $2,551. The price continued to push higher on Monday, registering a marginal increase and settling at $2,564. Bullish sentiment intensified on Tuesday as ETH rose nearly 4% to cross $2,600 and settle at $2,662. Buyers retained control on Wednesday as the price registered an increase of almost 1% and settled at $2.683. ETH raced to an intraday high of $2,790 on Thursday as buyers attempted a move to $2,800. However, it lost momentum after reaching this level and dropped nearly 2% to $2,632. Source: TradingView Selling pressure intensified on Friday as ETH fell almost 4%, slipping below $2,600 and the 20-day SMA to $2,532. The price registered a marginal decline on Saturday but recovered on Sunday to register an increase of 0.44% and settle at $2,539. ETH started the current week on a bullish note, rising nearly 3% to reclaim $2,600 and settle at $2,607. However, it was back in the red on Tuesday, falling 0.53% to slip below $2,600 and settle at $2,593. ETH has recovered during the ongoing session and is up over 2%, having reclaimed $2,600 and trading around $2,645. Solana (SOL) Price Analysis Solana (SOL) lost momentum after reaching an intraday high of $164 on Tuesday, ultimately settling at $155 after a sudden reversal. However, bulls have regained control during the ongoing session as the price regains its footing and institutional demand continues to grow. SOL registered a sharp drop on Friday (May 23), falling over 3% and settling at $173. It recovered on Saturday, rising 1.09%, but was back in the red on Sunday, registering a marginal drop after falling to an intraday low of $169. SOL remained bearish on Monday, dropping 0.46% to $174. The price recovered on Tuesday despite selling pressure and volatility, rising 1.03% to $176. However, it was back in the red on Wednesday, falling 2.55%, slipping below the 20-day SMA and settling at $172. Sellers retained control on Thursday as SOL fell over 3%, going below $170 and settling at $166. Source: TradingView Selling pressure intensified on Friday as SOL plunged over 6%, slipping below $160 and settling at $156. The price recovered over the weekend despite selling pressure, rising 0.15% on Saturday and almost 1% on Sunday to settle at $157. SOL fell to an intraday low of $151 on Monday, starting the week in the red. However, it recovered to settle at $156, ultimately registering a marginal decline. The price raced to an intraday high of $164 on Tuesday. However, it faced a sudden decline from this level and dropped to $155, registering a drop of 1.07%. The current session sees SOL up 1.04%, trading around $156. Buyers will look to regain momentum and push the price to $160. Ripple (XRP) Price Analysis Ripple (XRP) has seen a sharp recovery in recent sessions as it rebounded from a low of $2.08. But why is the XRP price going up? Analysts attribute XRP’s latest rally to regulatory clarity, ETF rumors, and Ripple’s global expansion plans. As a result, XRP is dominating the news cycle. The altcoin is nearing a key resistance level, and a close above this level could send the price surging to $2.50. XRP registered a sharp decline on Friday (May 23), dropping nearly 6%, slipping below the 20-day SMA, and settling at $2.29. Despite the overwhelming bearish sentiment, XRP recovered, rising 1.44% on Saturday and 0.56% on Sunday to settle at $2.34. The price was back in the red on Monday, dropping 1.36% to $2.31. It registered a marginal increase on Tuesday before dropping nearly 2% on Wednesday, slipping below the 200-day SMA and settling at $2.27. Sellers retained control on Thursday as XRP fell 1.35%, falling below the 50-day SMA and settling at $2.24. Source: TradingView Selling pressure intensified on Friday as XRP plunged nearly 5% to $2.14. The price recovered over the weekend, rising 1.58% on Saturday and 0.20% on Sunday to settle at $2.17. XRP started the week in positive territory, rising nearly 1% to $2.19. Bullish sentiment intensified on Tuesday as the price rose over 2% to $2.24. The current session sees XRP marginally up as buyers look to push the price beyond the moving averages towards $2.50. Polkadot (DOT) Price Analysis Polkadot (DOT) crashed nearly 8% on Friday, dropping almost 8%, slipping below the 20-day SMA and settling at $4.56. Sellers retained control over the weekend as the price fell 0.22% on Saturday and plunged to an intraday low of $4.35 on Sunday before settling at $4.52. DOT continued trading downwards on Monday, dropping 1.11% to $4.47. Despite substantial selling pressure, DOT recovered Tuesday, rising 1.34% to reclaim $4.50 and settle at $4.53. The price continued to push higher on Wednesday and moved to $4.58. Source: TradingView However, DOT lost momentum on Thursday and fell over 5%, slipping below $4.50 and settling at $4.35. Selling pressure intensified on Friday as the price plunged nearly 7%, falling below the 50-day SMA and settling at $4.05, but not before dropping to a low of $4.01. DOT found support at this level and recovered over the weekend, moving to $4.08 by Sunday. Buyers retained control on Monday as the price rose almost 2% to $4.15. Despite the positive start to the week, DOT was back in the red on Tuesday, falling 0.24% to $4.14. The current session sees DOT marginally up, trading around $4.15. Injective (INJ) Price Analysis Injective (INJ) registered a sharp increase at the beginning of last week but lost momentum after reaching $15. As a result, the price plunged on Thursday and Friday, reaching a low of $11.59 on Saturday. INJ registered a jump of nearly 5% on Monday (May 26) and moved to $13.75. Bullish sentiment intensified on Tuesday as the price rose almost 7% to $14.65. Buyers retained control on Wednesday as INJ rose 2.47% to cross $15 and settle at $15.01. However, it lost momentum on Thursday, dropping over 7%, slipping below $14 and settling at $13.91. Bearish sentiment intensified on Friday as the price dipped over 12%, falling below the 20-day SMA and settling at $12.17. Source: TradingView INJ remained bearish on Saturday, registering a marginal drop, but recovered on Sunday, rising 0.10% to end the weekend at $12.13. The price fell to an intraday low of $11.56 on Monday as selling pressure intensified. However, it rebounded from this level to register an increase of 2.33% and move to $12.41. Buyers retained control on Tuesday as INJ registered a rise of 0.66% and moved to $12.49. The current session sees the price up over 2% as buyers look to build momentum and push it toward $3. 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.
Donald Trump’s recent commentary on Chinese President Xi Jinping highlights the intricate US-China relationship, a critical factor influencing global crypto markets. This political dynamic underscores persistent trade tensions and regulatory
The decentralized finance (DeFi) sector is poised for exponential growth, with projections estimating its market value could surpass $3.5 trillion in the near future, signaling a transformative shift in global
BitcoinWorld Struggles: South Korea Crypto Trading Stays Sluggish Despite Ambitious Pro-Crypto Push The world of digital assets is constantly evolving, with nations globally exploring how to integrate cryptocurrencies into their financial systems. Recently, attention has turned to the South Korea crypto landscape, where a significant push for progressive reform is underway at the highest levels of government. However, despite this apparent enthusiasm from policymakers, the on-the-ground reality of Korean crypto trading volumes tells a somewhat different story, revealing a market that appears hesitant to respond. Understanding the South Korea Crypto Regulation Push According to a recent update from crypto services provider Matrixport, South Korean President Lee Jae-myung is actively championing a series of reforms aimed at modernizing the country’s stance on digital assets. This isn’t just minor tinkering; the proposed changes are quite ambitious, signaling a clear intent to align South Korea with global trends in the crypto space. Key aspects of this pro-crypto agenda include: Legalizing Spot Bitcoin ETFs: A major move that would open doors for traditional investors to gain exposure to Bitcoin without directly holding the asset. This follows similar approvals in other major markets and is seen as a crucial step for mainstream adoption. Introducing a Won-Backed Stablecoin: The development or recognition of a stablecoin pegged to the Korean Won could significantly enhance liquidity and reduce volatility for traders within the domestic market, potentially facilitating easier transactions and investments. Facilitating Institutional Crypto Investment: Easing restrictions to allow larger financial institutions to invest in and offer crypto-related products would bring substantial capital and credibility to the South Korea crypto market . Easing Restrictive Exchange Regulations: Simplifying rules for crypto exchanges could lower barriers to entry for new platforms, potentially increasing competition and improving services for users. To drive these initiatives forward, President Lee has established a dedicated Digital Asset Committee. This body is tasked with the crucial role of formulating comprehensive policies that can navigate the complexities of integrating digital assets into the existing financial and legal frameworks. Why Isn’t Korean Crypto Trading Booming Yet? Despite the clear political will and the promising nature of the proposed reforms, data suggests that Korean crypto trading activity remains subdued. This presents a fascinating paradox: a government actively trying to foster growth, met with a market that seems slow to react. Several factors could be contributing to this sluggishness: Lingering Effects of Past Regulation: South Korea has a history of stringent crypto regulations, particularly following the 2017-2018 boom and bust. While the current push is positive, past crackdowns and uncertainty may have instilled caution among both retail and institutional players. Market Sentiment: Global crypto market sentiment plays a significant role. If overall market conditions are bearish or uncertain, even domestic policy changes might not immediately spur a rush of trading activity. Implementation Timeline: Policy changes, especially those as significant as legalizing ETFs or creating stablecoin frameworks, take time to implement. Traders and institutions might be waiting for concrete regulations and infrastructure to be in place before increasing their activity. Retail Investor Fatigue: The Korean market has a large base of retail crypto investors. Previous market volatility and regulatory shifts may have led to fatigue or a shift towards other asset classes. Institutional Caution: While the government wants to facilitate institutional investment, these entities often require high levels of regulatory clarity, compliance infrastructure, and proven market stability before committing significant capital. The current environment, while improving, may not yet meet their risk profiles. What Does a South Korea Bitcoin ETF Mean for the Market? The potential legalization of a South Korea Bitcoin ETF is arguably one of the most impactful proposals. The introduction of spot Bitcoin ETFs in other major economies has often been followed by increased institutional interest and easier access for traditional investors. For South Korea, this could: Attract Traditional Capital: Fund managers, pension funds, and wealth advisors could allocate capital to Bitcoin through a regulated, familiar investment vehicle. Enhance Market Legitimacy: An ETF listing on a major Korean exchange would signal greater acceptance and legitimacy for Bitcoin as an asset class. Increase Liquidity: More participants and easier access typically lead to increased trading volumes and market liquidity. However, the impact might not be immediate, especially if the broader market remains cautious or if the specific structure of the Korean ETF has limitations. The Future of the South Korea Crypto Market Despite the current sluggishness in trading volumes, the direction of travel for South Korea crypto regulation is undeniably positive from a pro-innovation standpoint. The establishment of a dedicated committee and the focus on key areas like ETFs, stablecoins, and institutional access suggest a long-term vision for integrating digital assets into the national economy. Actionable insights for market participants: Monitor Policy Developments Closely: The Digital Asset Committee’s progress will be key. Specific dates for implementing reforms could be catalysts for market activity. Understand the Specifics: The details of how spot Bitcoin ETFs will be structured, how the won-backed stablecoin will function, and the exact nature of eased regulations will matter more than the broad announcements. Assess Global vs. Local Factors: Recognize that while local policy is important, global crypto market trends will also heavily influence activity in South Korea. The current situation highlights a common challenge in policy-making: announcing reforms is one thing, but seeing tangible market response takes time and depends on a complex interplay of regulatory specifics, market sentiment, and investor confidence. While the political push is strong, the South Korea crypto market is waiting for these ambitious plans to translate into concrete, accessible, and confidence-building realities. Conclusion: Awaiting the Spark South Korea stands at a fascinating juncture in its crypto journey. With President Lee Jae-myung leading a charge for progressive reforms encompassing crucial areas like the South Korea Bitcoin ETF and easier access for institutions, the potential for growth in the South Korea crypto market is significant. Yet, the current subdued state of Korean crypto trading volumes indicates that the market is still waiting for the full impact of these policies to materialize. The coming months will be crucial in determining if the government’s ambitious push can ignite the spark needed to turn potential into widespread activity and adoption. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto market institutional adoption. This post Struggles: South Korea Crypto Trading Stays Sluggish Despite Ambitious Pro-Crypto Push first appeared on BitcoinWorld and is written by Editorial Team
Webus International is advancing its XRP treasury strategy with a recent SEC filing, signaling growing institutional interest in digital asset reserves. The Chinese AI-powered mobility firm aims to raise $300