š Market Highlights
Global Crypto Market Cap: Stands at $3.36 trillion, reflecting a 1.23% increase over the last day.
Bitcoin (BTC): Currently trading at $106,322, with a 0.95% daily gain.
Top Performers: SXT (+29%), COOKIE (+22%), and KAITO (+15%) have shown significant gains.
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š Regulatory and Political Developments
1. Changpeng Zhao's Pardon Request
Changpeng Zhao (CZ), Binance's founder, has applied for a presidential pardon after serving a four-month sentence for violating anti-money-laundering laws. This move has attracted scrutiny from Democratic senators, who are seeking transparency regarding the Trump administration's interactions with Binance and potential conflicts of interest.
2. $2 Billion Investment via Trump-Linked Stablecoin
A UAE-backed investment firm, MGX, plans to acquire a $2 billion stake in Binance using USD1, a stablecoin launched by World Liberty Financial, a company associated with the Trump family. This development has raised ethical concerns due to potential conflicts of interest and the intertwining of political and financial interests.
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šµš° Binance's Engagement in Pakistan
Binance co-founder Changpeng Zhao has been appointed as a strategic adviser to the Pakistan Crypto Council (PCC), an initiative launched in March 2025 to integrate blockchain technology into the country's financial landscape. The PCC, led by Finance Minister Muhammad Aurangzeb, aims to regulate and advance digital finance in Pakistan.