Pi Network Caught Lying About BNP Paribas Partnership — Will | Old Sport on Binance Square

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Pi Network Caught Lying About BNP Paribas Partnership — Will PI Coin Crash Further?Pi Coin has plunged over 80% since February, driven by fake news and speculative hype.
Binance listing hopes remain uncertain despite strong community support and a prior vote.
Technical patterns point to a potential 50% further drop, with bearish momentum dominating. #PiNetwork #PiCoreTeam 

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Kuwait cracks down on cryptocurrency mining amid power crisis. Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before the start of a sweltering summer. Authorities started a "wide-ranging" security operation last week, the interior ministry said in a statement, targeting homes used for cryptocurrency mining, an activity it said was illegal. #KuwaitEnergyCrisis #BTC $BTC

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Pro-crypto Democrats pull support for stablecoin bill in last minute. A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico. Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes are made. Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester and Andy Kim — all of whom had previously backed the bill when it passed through the Senate Banking Committee in March. The bill, introduced by Senator Bill Hagerty, is formally known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

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Pakistan is seen as a credible player in the global cryptocurrency landscape. Supported by the government, the council’s swift progress has surprised many observers, particularly in a region where regulatory inertia often slows innovation. The PCC has already signed major international agreements, appointed world-class advisors, and begun drafting a comprehensive regulatory framework, all while promoting Pakistan as a hub for blockchain-based financial solutions. One of the council’s most notable achievements is the appointment of Binance founder Changpeng Zhao (CZ) as a strategic advisor. CZ’s extensive experience in global compliance, crypto infrastructure, and blockchain adoption offers the PCC and Pakistan an unparalleled advantage. Pakistan is currently the only country in the region to bring a figure of CZ’s stature into national crypto advisory, signaling its serious intent to lead in digital finance. Adding to its growing profile, the PCC has entered into a Letter of Intent with World Liberty Financial (WLF), a US-backed blockchain initiative associated with former President Donald Trump. This agreement marks the first time a US crypto project has signed a formal partnership with any institution in Pakistan. The WLF delegation, led by Zachary Witkoff, son of real estate magnate and former envoy Steve Witkoff, aims to collaborate on developing stablecoins, DeFi platforms, and cross-border blockchain infrastructure tailored for Pakistan’s unique needs. The timing of these agreements has amplified their global impact, especially as regional tensions escalate. The deal with WLF has been widely covered in both international and regional media, including Indian outlets, which have taken note of Pakistan’s accelerating progress in contrast to India’s more conservative and tax-heavy approach to digital assets. #Pakistan #India

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Maldives signs $9 billion deal to become international crypto hub. The government of the Maldives signed a $9 billion deal with Dubai-based family office MBS Global Investments to develop a crypto hub in the island nation's capital of Malé and to attract foreign investment opportunities. Part of the development deal includes plans for an 830,000-square-meter facility used to house and host blockchain, crypto, and Web3 firms. According to the Financial Times, which first reported the story, the deal was signed in the hopes of diversifying the Maldives' economy away from tourism and low-margin exports like providing fishing stock. The project's total funding will exceed the gross domestic product (GDP) of the Maldives, which is around $7 billion annually. #BTC #Dubai

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Binance deepens Government Ties With Latest Initiative in Kyrgyzstan The partnership, announced on May 4, formalizes a Memorandum of Understanding (MoU) to expand the use of digital assets in Kyrgyzstan. This builds upon an earlier agreement signed during the Council for the Development of Digital Assets meeting, which President Sadyr Japarov attended. Under the latest arrangement, Binance Pay will be introduced as a tool to support seamless crypto payments across the region. The rollout will simplify international money transfers and trade flows, especially between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU). $BNB $BTC #DigitalAssetBill #StrategicBTCReserve

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