Crypto Circuit

Pakistan to allow Binance to explore 'tokenisation' of up to $2bn of assets
Pakistan has signed a memorandum of understanding with crypto exchange Binance to explore the "tokenisation" of up to $2 billion in sovereign bonds, T-bills and commodity reserves to boost liquidity and attract investors, the finance ministry said on Friday.
Tokenisation is the process of creating a digital version of an asset.
Separately, Pakistan also gave initial clearance for Binance and HTX, a digital-asset platform, to register with regulators to set up local subsidiaries and begin preparations for full exchange licence applications, the Pakistan Virtual Assets Regulatory Authority (PVARA) said.
The ministry said the agreement paved the way to explore a potential collaboration aimed at enabling the tokenisation and blockchain-based distribution of real-world assets, including sovereign bonds, treasury bills, commodity reserves such as oil, gas, metals or other raw materials owned by the government.
"Under the proposed arrangement, Binance and/or its affiliates may provide technical expertise, advisory support, training and capacity building to enable Pakistan to assess modern, compliant blockchain infrastructure," the ministry said in a press release.
Finance Minister Muhammad Aurangzeb said the agreement was a very strong message to both Pakistan and the entire world.
"What we have signed today reflects a long-term partnership. From where we started to moving towards operationalisation, this progress could not have happened without active guidance and leadership," Aurangzeb was quoted as saying.
"The next step for us is execution, and we are fully committed to delivering results with speed and quality."
The move comes as other countries, such as the United Arab Emirates, Japan, and parts of the European Union, expand formal licensing rules for crypto exchanges amid broader global regulatory tightening.
The ministry also said the initiative could involve assets of up to $2 billion, subject to approvals, to improve liquidity, transparency, and international market access.
Binance founder Changpeng Zhao said the agreement was "a great signal for the global blockchain industry and for Pakistan," saying it marked the beginning of a move toward full deployment of the tokenization initiative.
"This is the beginning... now we can move towards full deployment and execution. We are honored to work with Pakistan's leadership and are confident this collaboration will deliver positive and lasting outcomes for the economy," he was quoted as saying.
Initial clearances for Binance and HTX
The PVARA said it had issued early approvals to Binance and HTX after reviewing their governance and compliance controls. The clearances allow them to register on the Anti-Money Laundering system, set up local units, and prepare full applications.
PVARA Chairman Bilal bin Saqib said the clearances kick off Pakistan's phased licensing process and signaled that compliance strength will determine which exchanges move ahead
Broader digital-asset initiatives
The initiative comes as Pakistan speeds up a major digital-finance overhaul in just a few months, creating the Pakistan Crypto Council (PCC) and establishing the PVARA, while drafting a formal licensing regime.
Pakistan ranks as the world's third-largest crypto market by retail activity, Saqib said at Binance Blockchain Week Dubai 2025 earlier this week.
A central bank digital currency pilot and a Virtual Assets Act are also planned for 2025.
The PCC signed a letter of intent with US-based World Liberty Financial to explore stablecoin use, tokenization, and other digital-asset infrastructure, the finance ministry said in April.
@Justin Sun孙宇晨 @CZ @Bilal Bin Saqib
#pakistanicrypto #Binance

You have probably seen the viral story about a banana taped to a wall being sold for millions. At first, it sounds like something from a comedy show. But it is completely real, and the story becomes even more interesting when you find out who bought it and why.
The artwork is called Comedian, created by Italian artist Maurizio Cattelan. The piece is exactly what it looks like, a fresh banana attached to a wall with a strip of duct tape. Most people laugh when they hear that. But according to the artist, the banana is not the main point. The real artwork is the idea behind it, the certificate of authenticity, and the instructions for how to display it.
The banana is supposed to be replaced whenever it goes bad. That alone makes the whole story sound even stranger. You are not paying for the banana itself. You are paying for the concept, the ownership, and the meaning.
In 2024, the artwork was put up for auction at Sotheby’s. People were already familiar with it from previous years, but no one expected it to reach an extremely high price. Then Justin Sun entered the picture. He is a well known figure in the cryptocurrency world and the founder of the TRON blockchain.
Justin Sun bought the banana artwork for about six point two million dollars. The moment the news broke, the internet exploded with jokes, memes, and confusion. Many people could not understand why anyone would spend so much money on a banana.
But Sun actually had a clear reason. He said the artwork reminds him of how cryptocurrency works. Both of them get their value from belief and demand rather than the physical object. A banana is a cheap fruit, and crypto coins are just digital code, but people assign them value because they believe in the idea behind them.
Sun even compared the artwork to NFTs. Just like NFTs, the banana artwork comes with a certificate that proves who owns it, and that certificate is what gives it real value.
To make things even funnier, Justin Sun ate the banana during a press event. In front of cameras, he peeled it and ate it calmly. He explained that this did not ruin the artwork at all. The banana can simply be replaced.
In the end, this strange story shows how modern art and modern technology are starting to overlap in surprising ways. It reminds us that value today is not always about physical materials. Sometimes, it is all about ideas and the attention they create.
$BANANA @Justin Sun孙宇晨
#6milliondollarbanana #JustinSun #CryptoBanana #BananaArt

Short-Term vs Long-Term Crypto Investing (Beginner Guide)
If you’re new to crypto, you’ve probably wondered whether you should trade for quick profits or simply hold your coins for a long time. Before anything else, I want you to think about your own personality. Do you like fast decisions, or do you prefer a slower, steady style?
What Is Short-Term Investing?
Short-term investing, also called trading, means buying and selling crypto more frequently. The goal is to take advantage of small price movements. If you’ve ever seen the chart move and thought, “Maybe I can make something here,” that’s the kind of mindset short-term traders have.
This style requires you to check prices often and understand basic chart patterns. Traders use methods like day trading, scalping, swing trading, and momentum trading.
But I want you to really ask yourself: do you have the patience and time for this? Because short-term trading can be exciting, but it can also be stressful if you’re not ready for the ups and downs.
Pros and Cons of Short-Term Trading
The benefit is clear. You can earn faster profits if you make good decisions at the right time.
But the risks are high too. Prices can move against you quickly. You need time, emotional control, and steady focus. And frequent trading means more fees, which beginners often forget to consider.
What Is Long-Term Investing?
Long-term investing, or HODLing, is a slower and more relaxed strategy. Here, you buy a cryptocurrency you believe in and hold it for months or years.
You don’t need to watch charts all day. You don’t react to every small price drop. Instead, you focus on the long-term potential of strong projects like Bitcoin or Ethereum.
This approach is great for beginners who don’t have much time or feel overwhelmed by fast market changes.
Pros and Cons of Long-Term Investing
The biggest advantage is peace of mind. You’re not constantly checking prices. You simply trust your plan.
The challenge is patience. When the market drops, you must stay calm and avoid emotional decisions. But historically, long-term holders of strong coins have seen significant growth.
Which One Should You Choose?
Think about your lifestyle. Do you want something fast or something stable? Do you enjoy studying charts, or do you prefer a simple weekly or monthly investment plan?
You can also do both. Many people hold major coins long-term and trade small amounts short-term to learn.
Whatever path you choose, start slowly, invest safely, and always do your own research.

Horizontal Scaling in Proof of History: Understanding How Multiple Generators Synchronize
Let’s take a moment and think together. When you hear the word scaling in a blockchain context, your first thought might be sharding, parallel chains, or splitting the workload. But Proof of History (PoH) approaches scaling in a way that feels almost counterintuitive at first glance. Instead of dividing the network into separate shards, it allows multiple generators to work in parallel and still weave their outputs into one coherent sequence of events. And the way it achieves this is surprisingly elegant—almost like a conversation happening between the generators themselves.
So walk with me through this. Imagine you and I are both writing our own diaries, day by day, event by event. Now imagine that every so often, I take one page from your diary and insert it into mine, and you take one page from mine and place it into yours. From that moment onward, the next thing I write depends on what I learned from your page. That connection creates a provable relationship between our timelines. Even if our diaries are separate, they are no longer isolated. That’s the heart of horizontal scaling in PoH.
How Multiple PoH Generators Interact
A PoH generator produces a sequence of hashes, each hash depending on the previous one. This establishes a timeline. Now picture two generators, A and B, both creating their own sequences. They are independent—until they start exchanging their latest states. When Generator A receives a data packet from Generator B, that packet contains B’s most recent hash as well as the last state B observed from A. In simple terms, B is saying, “Here’s where I am right now, and here’s the last thing I saw from you.”
Once A inserts B’s latest hash into its own sequence, the next hash A creates becomes dependent on B. This means we can mathematically say that B’s state happened before A’s new state. And because hashing is one-way and deterministic, no one can fake or reverse this ordering. The moment B’s state influences A’s next hash, the two timelines become linked.
This is where the real beauty lies. You don’t need constant synchronization. Even periodic exchanges create enough connection to reconstruct a provable global order later.
Transitive Synchronization: How A Connects to C Without Talking to C
Now think what happens when you add a third generator, C. Suppose A synchronizes with B, and B synchronizes with C. A and C don’t have to communicate directly. Because B carries part of A’s timeline into C’s, and part of C’s timeline back into A through B, a transitive link forms. You can trace dependencies across all three.
This is like you telling your friend something, and your friend telling someone else. Even if you never speak with that third person, what they say later is indirectly influenced by you. In PoH, this indirect relationship is cryptographically provable. The system gains the ability to order events across multiple generators without forcing every generator to talk to every other one.
Why Horizontal Scaling Matters
Each PoH generator can handle a portion of the incoming events. Instead of one generator processing everything, the workload spreads out. That means more throughput, more capacity, and a far more scalable system.
But unlike sharding, this does not break the network into isolated parts. The global timeline is still reconstructable because every generator occasionally folds parts of other timelines into its own. You end up with a network that can process large amounts of data without losing the ability to prove what happened first, what happened next, and what depended on what.
The Trade-Off: Time Accuracy vs. Throughput
Of course, nothing in engineering comes free. When multiple generators synchronize over a network, they face latency. A generator doesn’t instantly know what another generator just produced. It hears about it a moment later. This creates a small window of ambiguity—multiple events occurring close together may not have a clear natural-ordering based solely on timestamps.
But PoH solves this through deterministic ordering. When two events fall into the same synchronization window, the system can simply order them based on hash values or any other deterministic function. No guessing. No subjective decisions. A uniform rule that everyone can verify.
So yes, some real-time accuracy is sacrificed. But the benefit is that the system can scale horizontally and still maintain a global order.
The Cost of Wide Synchronization: Availability
One last thing you and I should think about: availability. When you connect multiple generators and require them to synchronize, each connection adds a dependency. Even if each generator has a highly reliable 1 Gbps link with 0.999 availability, connecting ten such links in the scaling model reduces the overall availability to about 0.99. The more generators synchronize, the more the system becomes sensitive to network uptime.
It’s a price you pay for scaling without fragmentation. But with careful design and redundancy, this cost can be managed.
@SOLONA $SOL
#Blockchain #ProofOfHistory #SolanaTech #DistributedSystems #solona