Crypto News Update ā May 14, 2025
1. šŗšø U.S. Establishes Strategic Bitcoin Reserve
President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, positioning the U.S. as the largest state holder of Bitcoin with over 200,000 BTC. This move underscores the nation's commitment to leading in digital asset adoption.
2. šµš° Pakistan Launches Crypto Council
Pakistan has officially launched the Pakistan Crypto Council (PCC) to regulate and promote blockchain technology and digital assets. Led by Finance Minister Muhammad Aurangzeb and advised by Binance co-founder Changpeng Zhao, the PCC aims to position Pakistan as a key player in the global crypto landscape.
3. š Ethereum Surges Post-Pectra Upgrade
Ethereum (ETH) has experienced a 45% increase in May, outperforming Bitcoin's 10.7% gain. The surge follows the successful implementation of the Pectra upgrade, enhancing scalability and user experience on the Ethereum network.
4. š¬š§ London Launches Regulated Crypto Derivatives Platform
London has introduced GFO-X, its first regulated and centrally cleared digital asset derivatives trading platform. Backed by major financial institutions and authorized by the Financial Conduct Authority (FCA), GFO-X offers Bitcoin index futures and options, marking a significant step in institutional crypto adoption.
š Market Snapshot
Bitcoin (BTC): $103,559 (+1.75%)
Ethereum (ETH): $2,637.92 (+8.56%)
BNB (BNB): $660.84 (+2.71%)
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