Pakistan’s crypto regulator says the country will definitely issue a stablecoin backed by rupee.
The Pakistan Virtual Assets Regulatory Authority (PVARA), led by Bilal Bin Saqib, announced that the stablecoin will be fully collateralized by Pakistani rupees aiming to integrate virtual-asset technology with national finance and improve digital payment infrastructure. In addition to the stablecoin, authorities say they are also working on a Central Bank Digital Currency (CBDC) rollout showing Pakistan’s ambition to modernize its financial system and embrace crypto-friendly policies.
The initiative is framed as a tool to deepen financial inclusion, streamline remittances, and support digital commerce across the country. If successful, this could position Pakistan among the first emerging economies to combine national-currency stablecoins with regulated digital-asset frameworks.
According to CryptoKoryo, from the beginning of the year until now, in the list of 25 Layer 1 coins, only 4 tokens have increased: BCH, BNB, HYPE, TRX.
The remaining ETH, BTC and the entire L1 alt group such as SOL, AVAX, SUI, NEAR, APT, ATOM… → are all decreasing from -10% to -80%.
🤔 So why does BCH outperform the entire L1 group? 1. Supply Side
The entirein circulation → No more unlocked tokens, no forced selling pressure.
No foundation, no VC → No one "dumps" on the community according to the vesting schedule like new L1s.
This is extremely rare in the context where most current L1s are weighed down by unlocks, incentive inflation, and selling pressure from funds.
2. Demand Side
- Potential for ETF approval => This is the factor that triggers interest from traditional funds (tradfi).
- One of the most liquid L1 assets Low volatility → suitable for large funds that want exposure/beta without bearing high volatility risk.
Historically, when this chart turned up after tanking the way it has this year, the entire vibe of the market witnessed a wholesale regime change. This includes:
October 31, 1990, which is just 3 weeks into the bull market that lasted 9.5 more years.
March 9, 2000: one day prior to the Dot-Com peak.
March 5, 2009: 4 days before the S&P 500 would make its Global Financial Crisis low.
The action is the equal-weighted #S&P500 Financials + S&P 500 Industrials + S&P 500 Materials relative to the S&P 500 as a whole. These three sectors have been outperforming since November 3.
If past is prologue and the vibe does shift, that would mean concepts like Value would be On, these three sectors On, small caps On, mega caps Off, Tech Off.
The top 20 $SUI projects have a combined TVL of $1.2B.
The Sui blockchain has cemented its position as a rapidly growing Layer-1 network, primarily driven by its robust and expanding Decentralized Finance (DeFi) ecosystem. An analysis of the Total Value Locked (TVL) provides a clear snapshot of where capital and user trust are concentrated, with lending and borrowing protocols leading the charge.
Dominance of Lending Protocols
According to the latest TVL rankings (as evaluated by CertiK Skynet), the Sui DeFi space is heavily centralized around two major lending platforms:
Sui Lend: Holding the top position, Sui Lend demonstrates significant dominance by attracting the largest share of locked assets, making it the most critical liquidity hub on the network.
NAVI Protocol: Positioned closely behind, NAVI Protocol further reinforces the narrative that lending and borrowing are the fundamental utility layer for the Sui ecosystem.
Together, these two protocols command a substantial majority of the network's total TVL, indicating a high degree of confidence in the foundational financial primitives they offer.
The Role of Security Scores
A crucial factor highlighted in the rankings is the inclusion of the CertiK Skynet Security Score. This metric helps users gauge the trustworthiness of each protocol. The presence of several projects with high letter grades (A- or B+) across the Top 20 ranking suggests that, despite the rapid growth of the ecosystem, many builders are prioritizing rigorous security audits and continuous monitoring.
In summary,the Sui DeFi landscape is characterized by concentrated liquidity in blue-chip lending platforms and a notable emphasis on on-chain security, positioning the network for continued expansion and maturity in the competitive Layer-1 space. $SUI
#Bitmine continues to aggressively increase its $ETH ETH position. In the last few weeks alone, they've bought another $199 million, and this amount is just part of their massive accumulation strategy, which already exceeds several million ETH.
That's why I keep telling you: look at how they're buying. Tom Lee is clearly onto something.
The on-chain liveliness indicator ; tracking coin activity ; hits a new peak, signaling strong demand and a potential bull cycle continuation.
Analysts note this cycle dwarfs 2017, with dormant coins moving in billions, not thousands.
$BTC consolidates around $89K. MN Fund founder Michaël van de Poppe says: “I don’t think we’re far off bottoming for Bitcoin, and that should result in a strong rally at the end of the year, going into Q1.”
Pakistan will launch its first sovereign stablecoin, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib confirmed at Binance Blockchain Week in Dubai.
The stablecoin will link its value to a physical currency, providing stability compared to other cryptocurrencies like Bitcoin. Alongside stablecoins, Pakistan is exploring Central Bank Digital Currencies (CBDCs) and strategic Bitcoin reserves.
PVARA aims to integrate virtual assets into the economy, curb illicit finance, promote Shariah-compliant innovation, and enhance financial inclusion.
The initiative positions Pakistan at the forefront of digital financial innovation, with clear regulations driving economic growth and global recognition.
Disclaimer: This content is for informational purposes only. Background Image is AI Generated and is just for reference.
1. Stocks: all-time high 2. Home Prices: all-time high 3. Gold: all-time high 4. Money Supply: all-time high 5. National Debt: all-time high 6. CPI Inflation: 4% per year since Jan 2020, 2x the Fed's "target" 7. Fed: cutting rates again next week