Pakistan aspires to technological sovereignty. However, these ambitions face significant economic and political challenges, including low living standards and a protracted conflict with India, which controls the headwaters of key rivers. Coinpaper looked into how the Islamic republic, with great human potential, is trying to build a digital future amidst instability. First Steps Into the Digital Economy Pakistan, a country with a population of over 255 million people, is actively embracing digital technologies. In recent years, there has been a growing interest in cryptocurrencies and artificial intelligence. Young people, especially in big cities like Karachi and Lahore, are increasingly using blockchain applications and participating in cryptocurrency trading. It's not just a trend—for many, it's a way to protect themselves from financial instability. Above all, digital assets are an attractive tool for preserving and growing capital amid high inflation of the Pakistani rupee. For the young, technologically literate population, cryptocurrencies have also become a tool for cross-border transfers and earning money. However, not all Pakistanis can afford high-speed internet. According to projections for 2025, only 45.7% of the population has a stable connection, and rural areas are often left out of coverage altogether. This noticeably slows down the mass adoption of digital currencies. Cryptocurrency Paradox The situation with cryptocurrencies in Pakistan is a classic example of the conflict between the government and the population. Right now, digital assets are in a gray area. In 2022, Pakistani authorities considered banning cryptocurrencies and planned to block digital asset-related websites. At the same time, the State Bank announced the launch of a central bank digital currency (CBDC) by 2025. Despite this, the country has one of the highest adoption rates of digital assets in the world. Thanks to the activity of retail investors, Pakistan is among the top ten global leaders in adoption in 2024, according to data from Chainalysis. Analysts are also predicting further rapid growth, with the number of crypto users in the country expected to exceed 27 million by the end of 2025 and industry revenue expected to reach $1.6 billion. Dreams of Bitcoin Mining and State Reserves In 2021, Khyber Pakhtunkhwa province announced plans to build state-owned farms to mine digital gold. The idea was to use cheap hydropower to replenish the treasury. The initiative stalled until 2025, when the head of the Cryptocurrency Board, Bilal bin Saqib, announced plans to divert surplus electricity to bitcoin mining and to power data centers for the artificial intelligence sector. It was later revealed to local media that the Pakistani government will allocate 2 GW for these purposes. The focus is on utilizing surplus resources from renewable sources—hydro, wind, and solar energy. This is an example of a balanced environmental agenda without Luddism: the country is not afraid of technology but seeks to minimize harm to nature. Soon after, Saqib announced the creation of a national reserve in digital gold. These intentions, as well as the country's other moves into cryptocurrencies and artificial intelligence, caused concerns from the International Monetary Fund (IMF). Pakistan has announced ambitious plans to utilize surplus renewable energy for mining and a bitcoin fund. However, the practical implementation of these initiatives requires a clear legal framework. At the moment, such a legal framework has not yet been developed in the country, which is the main obstacle on the way to the goal. Digital Silk Road Pakistan's technological leap would not have been possible without China. Beijing is Islamabad's main partner, and this cooperation goes far beyond politics. It is embedded in the China-Pakistan Economic Corridor (CPEC) megaproject. Key areas of support: Infrastructure: Chinese companies are actively involved in laying fiber optic cables. One example is the PEACE (Pakistan & East Africa Connecting Europe) undersea cable project, which reduces Pakistan's dependence on existing communication lines and directly connects it to partner countries. Artificial intelligence and surveillance: China is helping to implement Safe City systems in Islamabad, Lahore, and other megacities. These are comprehensive platforms with thousands of cameras and AI algorithms for facial recognition and behavioral analysis. 5G connectivity: Chinese giants Huawei and ZTE are the main contractors in testing and deploying fifth-generation networks in Pakistan. For China, a technologically advanced and stable Pakistan is a security guarantee for its CPEC investment and a key node in the ”One Belt, One Road” initiative. Internet Under Control The World Wide Web in Pakistan is tightly regulated, but the methods are different from China's. While ”The Great Firewall of China” is a sophisticated, proactive content filtering system, Pakistan's approach is reactive and crude. The main regulator is the Pakistan Telecommunication Authority (PTA). Its toolkit includes: Platform blocking: Authorities have not hesitated to block access to YouTube, TikTok, Wikipedia, and most recently Social Network X at the national level. The blockages are spotty and temporary in nature. Shutdowns: During political protests or unrest, the government routinely shuts down mobile internet across the country or in specific regions. This is considered an effective measure to combat the coordination of protesters. Slowing down traffic (throttling): Reducing the speed of access to certain resources to make their use uncomfortable. Such techniques directly damage the digital economy, but authorities believe they are justified to maintain control. India's Water Leverage Pakistan's main vulnerability is access to water. The country is critically dependent on rivers originating in Indian territory or in Indian-controlled Kashmir. It is a legacy of the partition of British India that New Delhi uses as powerful leverage. The relationship is governed by the Indus Waters Treaty of 1960. According to it, Pakistan receives the flow of ”western” rivers (Indus, Jhelam, Chenab) and India receives the flow of ”eastern” rivers (Ravi, Beas, Sutlej). However, India has the right to build hydropower plants on ”Pakistani” rivers. Another escalation of the Kashmir conflict that began in April 2025 has once again highlighted this vulnerability. In response to the escalation, India restricted the flow of water in the Chenab and Jhelam rivers used by Pakistan for agriculture and power generation. Such actions allow India to exert direct economic pressure on its neighbors. In this context, technology development becomes a matter of survival. Artificial intelligence is already being used to optimize water consumption in agriculture, and the shift to alternative energy sources, including hydroelectric mining, is reducing the critical dependence on rivers controlled by India. Economic Realism and the Key to the Future To understand whether Pakistan's plans for digitalization and cryptocurrencies are realistic, it's worth looking at economic indicators. The average income in the country is $1,824 per year—an extremely low level by global standards. So buying, for example, mining equipment for the vast majority of Pakistanis remains an impossible task. This figure explains everything: why the population is fleeing to cryptocurrencies out of poverty, why the government cannot finance its own IT projects, and why the country is so heavily dependent on Chinese loans and technology. Talk of building sophisticated AI ecosystems or buying bitcoin for government reserves seems disconnected from reality, where basic needs for millions of people remain unmet. Pakistan is at a crossroads. On the one hand, there is huge human capital, interest in digital finance, and support from China. On the other, there is chaotic regulation, poverty, and constant conflicts with India. The country will have to find a balance between ambition and reality. If plans for a bitcoin reserve and mining come to fruition, it could set an example for other developing countries. But without addressing basic problems—from internet access to energy stability—such projects run the risk of remaining on paper. This path is fraught with risks, from digital authoritarianism to economic isolation in case of failure. But for the country, such a technological leap could be a chance for a better future.
The proposal, which launched voting on Wednesday, had more than 99% support from roughly five billion tokens at the time of publication.
Bullish, the institutionally-focused digital asset exchange with over $1.4 trillion in cumulative trading volume, has announced a migration of its core infrastructure to Solana, the high-performance blockchain network known for its low-latency transaction processing and stablecoin ecosystem. The exchange will begin powering custody, trading, settlement, and payment operations using Solana-native stablecoins, marking one of the most significant institutional shifts toward blockchain-native infrastructure to date. The announcement was made jointly by Bullish and the Solana Foundation on Wednesday, with Solana calling the move a sign that “TradFi and DeFi continue to converge.” Solana as the settlement layer for Bullish Bullish’s decision to integrate with Solana reflects a broader strategy to position itself at the intersection of centralized and decentralized finance. The company, which ranks among the top five exchanges for Bitcoin and Ether spot volumes, said it will now prioritize Solana-native stablecoins for all transaction types across its trading stack. “We’re excited to collaborate with the Solana Foundation,” said Tom Farley, CEO of Bullish, in a statement . “We believe that Solana has proven itself as rails for next-generation financial infrastructure, fast, efficient, and ready for institutional scale.” The migration is more than symbolic. Bullish will leverage Solana to handle exchange operations and future innovations in digital asset product design. CoinDesk Data, part of the Bullish Group, will expand coverage of Solana-based tokens and stablecoins in tandem, supporting data infrastructure for the growing intersection of centralized exchanges (CeFi) and decentralized platforms (DeFi). Regulatory footprint meets open networks Unlike many crypto-native exchanges, Bullish has positioned itself squarely within the regulatory perimeter. The firm holds licenses in Hong Kong, Germany, and Gibraltar—making it one of the few global digital asset venues with regulatory clarity across both Asia and Europe. The company is also known for operating a deterministic liquidity protocol using an automated market maker (AMM) model optimized for institutional flow. With this infrastructure move, Bullish becomes the most prominent regulated trading venue to migrate its operations to Solana, further validating the blockchain’s push into financial infrastructure. “Solana was built for moments like this, where performance, scale, and real-world adoption converge,” said Lily Liu, President of the Solana Foundation. In Q1 2025, Bullish reported over $2.5 billion in average daily volume, a figure that positions it as a top-tier venue for institutional asset flow. The adoption of Solana-based settlement is expected to bring latency reduction, faster clearance times, and lower fees for clients transacting in stablecoins or tokenized assets. Institutional momentum builds around Solana The partnership follows a string of enterprise integrations with Solana in recent months. Earlier this year, U.S. fintech firm Fiserv announced pilot programs to test Solana for real-time cross-border payments. In Europe, R3, a blockchain software consortium backed by major banks, selected Solana to support a regulated asset settlement layer for tokenized securities. Bullish’s integration builds on this momentum, accelerating what many analysts now describe as a structural shift in the architecture of financial markets. “This marks a shift in institutional finance towards faster, cheaper, and more unified on-chain infrastructure,” Farley added. “By building on Solana’s high-performance network, we’re aiming to simplify the user experience, reduce settlement friction, and unlock real efficiencies.” The Bullish–Solana integration highlights the maturing convergence between centralized financial service providers and the decentralized architecture envisioned by early blockchain pioneers. It also signals that large-scale, regulated players no longer view public chains as experimental, but as strategic pillars for the future of finance. For Bullish, the move cements its positioning as a forward-leaning, compliance-first exchange ready to power institutional access to the blockchain economy. For Solana, it is another signal that its core attributes, speed, composability, and scale, are resonating with real-world users beyond crypto-native circles. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Institutions continue to pile on crypto - Is yield the reason for the gold rush?
Are you a Japanese credit card user dreaming of dipping your toes into the world of digital assets? The wait is over! In a groundbreaking move that signals a significant step towards mainstream Cryptocurrency Conversion , Japanese financial giant SBI Group’s APLUS is now allowing its cardholders to turn their accumulated loyalty points into actual crypto. This development is not just a convenience; it’s a powerful statement about the evolving landscape where traditional finance and digital currencies converge. SBI Group’s Bold Leap into Digital Assets The SBI Group , a colossal financial conglomerate with extensive interests ranging from banking to asset management and even biotechnology, has long been a pioneering force in embracing blockchain and digital assets. Their latest initiative through APLUS allows cardholders in Japan to seamlessly convert their loyalty points into popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and XRP. This isn’t their first rodeo in the crypto space; SBI has been deeply involved with Ripple (XRP) for years and operates its own crypto exchange, VC Trade. This strategic move underscores SBI’s commitment to integrating digital assets into everyday financial activities. It positions them at the forefront of financial innovation, demonstrating how established institutions can adapt and thrive in the rapidly changing digital economy. By offering a direct pathway from conventional loyalty points to crypto, SBI is not just facilitating transactions; it’s educating a wider audience about the utility and accessibility of digital currencies. How Does Crypto Redemption Work for APLUS Cardholders? The process for Crypto Redemption through APLUS is designed to be straightforward and user-friendly, making it accessible even for those new to the crypto world. Here’s a breakdown of how it operates: Point Conversion: APLUS cardholders can redeem 2,100 loyalty points. Crypto Value: This converts to approximately ¥2,000 (about $13 USD) worth of cryptocurrency. Direct Deposit: The redeemed crypto – whether it’s Bitcoin, Ethereum, or XRP – is directly deposited into the user’s VC Trade account. VC Trade is SBI’s proprietary cryptocurrency exchange, ensuring a secure and integrated experience. Accessibility: This low entry barrier (a small amount of points for a small amount of crypto) makes it an ideal way for beginners to get started with crypto ownership without significant financial commitment. This initiative effectively bridges the gap between everyday consumer spending and the burgeoning digital asset market, transforming loyalty rewards from mere discounts into tangible digital investments. Boosting Japan Crypto Adoption: What This Means This development is a significant catalyst for Japan Crypto Adoption . Japan has always been a forward-thinking nation regarding technology and finance, and its regulatory environment for cryptocurrencies is relatively clear compared to many other countries. By enabling millions of credit card users to easily acquire crypto, SBI Group is: Increasing Awareness: It brings cryptocurrencies into the daily conversations of ordinary consumers, demystifying them. Lowering Barriers to Entry: Many people are hesitant to buy crypto directly due to perceived complexity or risk. Converting existing loyalty points offers a risk-free, familiar entry point. Legitimizing Crypto: When a major financial institution like SBI Group endorses and integrates crypto, it adds a layer of legitimacy and trust for the general public. Driving Usage: As more people hold small amounts of crypto, they are more likely to explore its uses, potentially leading to increased trading or future spending. This move aligns with a broader global trend of integrating digital assets into traditional financial ecosystems, making Japan a key player in this evolution. The Rise of Loyalty Programs Crypto Integration The integration of crypto into Loyalty Programs Crypto is not an isolated incident. Across the globe, businesses are exploring innovative ways to leverage blockchain technology to enhance their reward systems. From airline miles to retail points, the traditional loyalty landscape is ripe for disruption. Companies are recognizing that offering crypto as a reward can: Increase Engagement: Crypto rewards often hold more perceived value and excitement than traditional discounts or gift cards. Attract New Demographics: It appeals to tech-savvy individuals and crypto enthusiasts. Enhance Utility: Unlike store-specific points, cryptocurrencies are liquid and can be traded or spent more broadly. Future-Proof Rewards: As digital economies grow, crypto rewards position companies for future payment trends. SBI’s APLUS program is a prime example of how traditional loyalty schemes can evolve to meet the demands of a digital-first generation, setting a precedent for other financial institutions and businesses worldwide. Seamless Cryptocurrency Conversion: Benefits and Future Outlook The ability to facilitate seamless Cryptocurrency Conversion from everyday loyalty points offers several compelling benefits for both consumers and the broader crypto market. For consumers, it’s an effortless way to gain exposure to digital assets without direct investment, fostering financial literacy in a new asset class. For the crypto market, it represents a significant step towards mass adoption, bringing new users and liquidity into the ecosystem. Looking ahead, this initiative could inspire other major financial institutions and loyalty program providers globally to follow suit. Imagine earning Bitcoin for your coffee purchases, or Ethereum for your grocery shopping! While the initial redemption amounts are modest, the symbolic importance of this move cannot be overstated. It signals a future where digital assets are not just an alternative investment but an integrated part of our daily financial lives. In conclusion, SBI Group’s APLUS program marks a pivotal moment in the convergence of traditional finance and the crypto world. By allowing Japanese credit card users to convert loyalty points into Bitcoin, Ethereum, and XRP, SBI is not only enhancing customer value but also significantly contributing to Japan’s leadership in crypto adoption. This innovative step underscores a future where digital currencies are increasingly accessible and integrated into our everyday financial activities, paving the way for broader mainstream acceptance. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption.
Bitcoin shattered its previous all-time high on Wednesday, soaring to an unprecedented $112,040 per coin. The cryptocurrency appreciated 3% against the U.S. dollar on July 9, registering a new record on Bitstamp at $112,040. Bitcoin’s market capitalization now rests at $2.221 trillion, accompanied by $28.18 billion in volume exchanged throughout the day. This upward movement
Bitcoin has surged past its previous all-time high, reaching over $112,000 amid heightened global investor interest and significant market dynamics. The rally is underpinned by a combination of macroeconomic factors,
The world of digital assets is constantly evolving, and leading cryptocurrency exchange Kraken is once again at the forefront of innovation. In a move set to excite investors and traders alike, Kraken has announced the expansion of its groundbreaking tokenized U.S. stocks, known as Kraken xStocks , to the robust BNB Chain. This strategic integration, following its initial launch on Solana, marks a significant step towards bridging traditional finance with the decentralized world, offering unprecedented accessibility to a wider global audience. What Exactly Are Kraken xStocks and Why Do They Matter? For those new to the concept, Kraken xStocks represent a fascinating fusion of traditional equity markets and blockchain technology. Essentially, these are blockchain-based tokens that derive their value from underlying real-world assets, in this case, U.S. stocks. This innovation allows investors to gain exposure to the performance of major U.S. companies without necessarily holding the actual shares directly. Think of it as owning a digital representation of a stock, which can then be traded on a blockchain-powered platform. The significance of tokenized stocks lies in their ability to address several limitations of traditional stock markets. They offer: Fractional Ownership: Investors can buy a fraction of a stock, making high-priced shares accessible to a broader range of budgets. 24/7 Trading: Unlike traditional markets with fixed hours, tokenized stocks can potentially be traded around the clock, aligning with the always-on nature of cryptocurrency markets. Global Accessibility: Blockchain-based assets can transcend geographical barriers, enabling individuals worldwide to participate in markets that might otherwise be restricted. Increased Liquidity: By opening up trading to a global, 24/7 audience, tokenized assets can potentially increase liquidity for underlying securities. Why is BNB Chain Integration a Game-Changer for Digital Asset Trading? Kraken’s decision to bring its xStocks to the BNB Chain integration is a pivotal moment for several reasons. The BNB Chain, developed by Binance, is known for its high transaction speed, relatively low fees, and a vast, active user base. This makes it an ideal platform for facilitating frequent trading and micro-transactions, which are common in the crypto space. The move complements Kraken’s existing support for xStocks on Solana, another high-performance blockchain. The strategic choice of BNB Chain highlights a recognition of its robust infrastructure and growing ecosystem. For users, this means: Cost Efficiency: Lower gas fees compared to some other networks can make trading more economical. Speed and Scalability: Fast transaction finality ensures a smoother trading experience, crucial for volatile assets. Ecosystem Synergy: Access to the broader BNB Chain ecosystem, potentially opening up new DeFi opportunities for xStocks holders in the future. This expansion reinforces the trend of interoperability and multi-chain strategies within the crypto industry, allowing platforms to tap into diverse user bases and leverage the unique strengths of different blockchains. The Broader Impact of Tokenized Stocks on the Financial Landscape The proliferation of tokenized stocks is not just a technical upgrade; it represents a paradigm shift in how we perceive and interact with traditional financial instruments. By converting shares into digital tokens, platforms like Kraken are democratizing access to markets that were once exclusive. This trend is profoundly reshaping the landscape of digital asset trading , pushing the boundaries of what’s possible in global finance. However, the journey of tokenized assets is not without its challenges. Key considerations include: Regulatory Clarity: The regulatory landscape for tokenized securities is still evolving globally, posing uncertainties for platforms and investors. Custody and Security: Ensuring the secure storage and transfer of these digital assets, along with the underlying collateral, is paramount. Liquidity Depth: While aiming for increased liquidity, establishing deep order books for a wide range of tokenized stocks takes time and adoption. Counterparty Risk: Understanding the mechanisms that link the token to the underlying asset and the associated risks is crucial for investors. Despite these challenges, the potential for tokenized stocks to bridge the gap between traditional finance and decentralized finance is immense. They offer a glimpse into a future where global markets are more interconnected, accessible, and efficient. How Does This Fit into Kraken’s Vision as a Leading Cryptocurrency Exchange? As a pioneering cryptocurrency exchange , Kraken has consistently demonstrated a commitment to innovation and expanding the utility of digital assets. From its early days, Kraken has focused on providing a secure, reliable, and user-friendly platform for trading a wide array of cryptocurrencies. The integration of xStocks, first on Solana and now on BNB Chain, aligns perfectly with Kraken’s broader strategy to offer diverse investment opportunities and to innovate at the intersection of traditional and digital finance. Kraken’s approach emphasizes regulatory compliance and robust security, building trust in a rapidly evolving space. By offering tokenized stocks, Kraken is not just adding a new product; it’s extending its mission to empower individuals with greater financial freedom and access to global markets, all within a regulated framework. This move solidifies its position as a forward-thinking platform that seeks to blend the best of both traditional and decentralized finance. What Does This Mean for You: Actionable Insights for Investors So, what does Kraken’s expansion of xStocks to BNB Chain mean for you, the everyday investor or crypto enthusiast? This development opens up new avenues and considerations: Diversification Potential: You can now diversify your crypto portfolio with exposure to traditional U.S. stock market performance, all within the familiar crypto ecosystem. Cost-Effective Trading: Leveraging BNB Chain’s lower transaction fees means more of your capital goes towards your investment rather than network costs. Exploring New Opportunities: This encourages exploration of the broader BNB Chain ecosystem, which is rich with DeFi applications and other digital assets. Stay Informed: As tokenized assets evolve, staying updated on regulatory changes and platform developments will be crucial for informed decision-making. This move underscores the rapid pace of innovation in the crypto space and the increasing convergence of different asset classes on blockchain technology. The Future of Digital Asset Trading: A Glimpse Ahead The expansion of Kraken xStocks to BNB Chain is more than just a product update; it’s a significant marker in the ongoing evolution of the digital asset trading landscape. It signifies a future where traditional investment opportunities are seamlessly integrated into the blockchain ecosystem, offering unparalleled flexibility and access. As the lines between traditional finance and decentralized finance continue to blur, initiatives like this from a major cryptocurrency exchange like Kraken are paving the way for a truly global and inclusive financial system. We can anticipate more platforms exploring similar hybrid models, offering a wider range of tokenized real-world assets. The focus will likely shift towards greater regulatory clarity, enhanced security features, and deeper liquidity pools to support these innovative products. The journey of tokenized stocks is still in its early stages, but Kraken’s proactive steps are certainly accelerating its adoption and showcasing its immense potential. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset trading.
The Federal Reserve is no longer speaking with one voice, breaking the hearts of economic nerds everywhere. The minutes from the June 17–18 meeting show real cracks opening up inside the room, with policymakers clashing over how soon, and how deep, interest rate cuts should go. Everyone agreed to hold rates steady at 4.25% to 4.5%, but what came next showed that consensus is slipping fast. According to the Federal Reserve minutes released Wednesday , officials disagreed over whether the next step should be aggressive rate cuts to fight slowing growth or a cautious hold due to inflation risks from Trump’s tariffs. The majority backed at least one cut later this year, calling the inflation from tariffs “temporary and modest.” But a smaller group thought inflation was still too high to risk easing, especially with the economy showing strength in some areas. Officials push conflicting rate timelines A “couple” of Fed members said they were ready to cut rates as early as this month. Others argued there should be no cuts at all in 2025. The minutes didn’t attach names to these views, but Michelle Bowman and Christopher Waller have already gone public. Both said they’d support a cut at the next Fed meeting on July 29–30, if inflation doesn’t spike again. Meanwhile, “several” officials warned the current rate might already be close to a neutral level. That means there might only be room for a few small cuts. They pointed to inflation still sitting above the 2% goal and said the economy is still showing signs of resilience. The Fed’s internal projections expect two cuts this year, with three more across the next two years. But the dot plot, which shows individual policymakers’ views, is all over the place. Some want deeper cuts. Others think the Fed should stay on hold. Trump isn’t waiting quietly on the sidelines. The President has been hitting Powell hard, both in speeches and online. He has insulted and berated him several times. Powell, for his part, repeated his usual position. He claims the Fed will not respond to political pressure. He said the bank would stay cautious, as inflation remains uncertain and the economy still shows strength. That was backed up in the minutes : “Participants agreed that although uncertainty about inflation and the economic outlook had decreased, it remained appropriate to take a careful approach in adjusting monetary policy.” Trump tariffs, weak consumer spending add pressure Trump’s new wave of tariffs is only adding to the chaos. He announced the first round on April 2, then followed up with 21 letters to world leaders, warning of new levies unless trade deals are reached. These sudden changes are making it harder for the Fed to see the full picture. Despite the threats, inflation has stayed low so far. The Consumer Price Index rose just 0.1% in May. While inflation measures are still sitting slightly above the Fed’s 2% goal, the public isn’t panicking. Meanwhile, Peter Navarro, Trump’s economic adviser, in an op-ed published on The Hill accused Powell of committing his “third major policy blunder in six years” by not lowering rates now. “If he continues this tight-money path through the July 29 Fed meeting,” Peter wrote, “Too Late Powell will go down as the worst Fed chair in history.” Peter compared Powell to Arthur Burns, Nixon’s Fed chair in the 1970s, who kept rates too low to help Nixon’s re-election and caused long-term inflation and stagnation. Peter said Powell has no economics degree, a rarity for someone leading the world’s largest central bank, and lumped him in with G. William Miller, whose failed tenure ended in under two years. He then laid out Powell’s earlier missteps. First, raising rates four times in 2018 despite low inflation and a booming Trump economy. That move cut GDP growth in half. Then, in 2021, Powell kept rates near zero even as inflation soared past 5%. He waited until March 2022 to finally act, leading to one of the most intense hiking cycles in Fed history: 11 rate hikes in 12 months. Peter also accused Powell of staying silent while Democrats passed more than $2 trillion in spending bills, saying Powell failed to warn them it would drive up inflation. Now, Peter argues, Powell is on the verge of another mistake by refusing to acknowledge that Trump’s policies — tax cuts, tariffs, deregulation — are delivering strong growth without overheating the economy. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Bitcoin has shattered its previous all-time high, reaching an unprecedented peak of $112,040 on the Bitstamp exchange, marking a significant milestone in its ongoing bull run. Despite a brief dip