Karina Gookin FaSP
I am from Pakistan and want to promote my binance account. I started my trade with a small amount.
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#TrumpMediaBTCFaces455MLoss BREAKING: 🔴
U.S. President Donald Trump: "I have instructed Secretary of War, Pete Hegseth, The Chairman of The Joint Chiefs of Staff, General Daniel Caine, and The United States Military, that we will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached. Thank you for your attention to this matter! President DONALD J. TRUMP."
U.S. President Donald Trump: "I have instructed Secretary of War, Pete Hegseth, The Chairman of The Joint Chiefs of Staff, General Daniel Caine, and The United States Military, that we will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached. Thank you for your attention to this matter! President DONALD J. TRUMP."
#RussiaBansNonCustodialCryptoWallets *Russia is moving to ban/restrict non-custodial crypto wallets* - wallets where you control your own private keys, like MetaMask, Trust Wallet, Ledger.
*1. What exactly is Russia doing?*
As of 2025-2026, Russia hasn't issued a total ban yet, but:
1. *March 2024*: Bank of Russia proposed banning crypto transactions between residents, targeting P2P + non-custodial wallets
2. *April 2026*: New draft law would criminalize "organizing circulation" of crypto. Using non-custodial wallets for payments could mean jail time
3. *Rosfinmonitoring* wants to deanonymize all crypto. They're building "Transparent Blockchain" to track non-custodial wallet flows
Custodial wallets on licensed exchanges like local VTB/Rostec platforms would still be allowed.
*2. Russia's stated reasons:*
**Official Reason** **What they mean**
**Anti-money laundering** Can't track non-custodial = can't see if funds are from crime
4. *Surveillance*: Rosfinmonitoring's "Transparent Blockchain" can flag wallets but can't freeze them unless custodial.
*4. What this means for users:*
*Targeted/banned*:
- Sending crypto P2P from MetaMask/Ledger to another person
- Paying for goods with non-custodial wallets
*Penalty proposed*: Up to 7 years jail for "illegal crypto circulation"
*5. Context: Russia's crypto stance*
Russia is schizophrenic on crypto:
- *Ban for citizens*: Don't want retail using it instead of ruble
- *Allow for state/business*: Using USDT/BTC for oil + imports to bypass sanctions since 2022
So non-custodial ban = "we can use crypto, but you can't".
*Bottom line*: Russia wants crypto transactions to happen only through licensed, KYC, custodial platforms where the state can monitor, tax, and freeze funds. Non-custodial = no surveillance = banned.
*1. What exactly is Russia doing?*
As of 2025-2026, Russia hasn't issued a total ban yet, but:
1. *March 2024*: Bank of Russia proposed banning crypto transactions between residents, targeting P2P + non-custodial wallets
2. *April 2026*: New draft law would criminalize "organizing circulation" of crypto. Using non-custodial wallets for payments could mean jail time
3. *Rosfinmonitoring* wants to deanonymize all crypto. They're building "Transparent Blockchain" to track non-custodial wallet flows
Custodial wallets on licensed exchanges like local VTB/Rostec platforms would still be allowed.
*2. Russia's stated reasons:*
**Official Reason** **What they mean**
**Anti-money laundering** Can't track non-custodial = can't see if funds are from crime
4. *Surveillance*: Rosfinmonitoring's "Transparent Blockchain" can flag wallets but can't freeze them unless custodial.
*4. What this means for users:*
*Targeted/banned*:
- Sending crypto P2P from MetaMask/Ledger to another person
- Paying for goods with non-custodial wallets
*Penalty proposed*: Up to 7 years jail for "illegal crypto circulation"
*5. Context: Russia's crypto stance*
Russia is schizophrenic on crypto:
- *Ban for citizens*: Don't want retail using it instead of ruble
- *Allow for state/business*: Using USDT/BTC for oil + imports to bypass sanctions since 2022
So non-custodial ban = "we can use crypto, but you can't".
*Bottom line*: Russia wants crypto transactions to happen only through licensed, KYC, custodial platforms where the state can monitor, tax, and freeze funds. Non-custodial = no surveillance = banned.
#SouthKoreaTaxRepealPetition *South Korea Crypto Tax Repeal Petition* = Current push to completely abolish the planned 22% tax on crypto gains.
*1. What tax are they trying to repeal?*
South Korea plans to tax crypto starting *Jan 1, 2027*:
- *22% total tax*: 20% national + 2% local
- *Only on gains >2.5M won* ≈ $1,665
- *Delayed 3 times already*: Was supposed to start 2022, then 2023, then 2025, now 2027 51d0
*2. The Petition + Bill*
*National Assembly Petition* - filed May 13, 2026
- *Passed 30,000 signatures in 2 days*
- *Demands*: Complete redesign/abolition, not just delays ff837696
*People Power Party Bill* - submitted March 19, 2026
- *Sponsored by*: Song Eon-seok, PPP floor leader
- *Goal*: Amend Income Tax Act to remove ALL crypto tax provisions f14a7574
*3. Main arguments for repeal*
1. *Unfair vs stocks*: Stocks only taxed on gains >50M won ≈ $37K, but crypto taxed >2.5M won ≈ $1.8K
2. *Double taxation*: Korea treats crypto as goods subject to VAT, so income tax would be 2nd tax layer
3. *Stock tax repealed*: Korea scrapped financial investment income tax in late 2024, so taxing only crypto is discriminatory
4. *Enforcement issues*: Hard to track foreign exchanges, no loss carryforward, low 2.5M won threshold hits small investors
5. *Capital flight*: $110B already moved offshore due to tax uncertainty 8d5bb7fd757476962368
*4. Where it stands now - May 2026*
- *PPP supports full abolition* with bill filed
- *Democratic Party* controls National Assembly. They agreed to delays before but haven't backed full repeal yet
- *National Tax Service* is still building AI tracking system for crypto despite repeal push
- *Odds low*: Only 3% of Assembly petitions actually get processed 75747696
*5. Why this matters*
Korea has 19.6M+ crypto accounts and $20T won daily trading volume. The tax delay/repeal directly impacts retail traders called "Ants". If scrapped, money could flow back to local exchanges Upbit/Bithumb instead of offshore. afe52368
*1. What tax are they trying to repeal?*
South Korea plans to tax crypto starting *Jan 1, 2027*:
- *22% total tax*: 20% national + 2% local
- *Only on gains >2.5M won* ≈ $1,665
- *Delayed 3 times already*: Was supposed to start 2022, then 2023, then 2025, now 2027 51d0
*2. The Petition + Bill*
*National Assembly Petition* - filed May 13, 2026
- *Passed 30,000 signatures in 2 days*
- *Demands*: Complete redesign/abolition, not just delays ff837696
*People Power Party Bill* - submitted March 19, 2026
- *Sponsored by*: Song Eon-seok, PPP floor leader
- *Goal*: Amend Income Tax Act to remove ALL crypto tax provisions f14a7574
*3. Main arguments for repeal*
1. *Unfair vs stocks*: Stocks only taxed on gains >50M won ≈ $37K, but crypto taxed >2.5M won ≈ $1.8K
2. *Double taxation*: Korea treats crypto as goods subject to VAT, so income tax would be 2nd tax layer
3. *Stock tax repealed*: Korea scrapped financial investment income tax in late 2024, so taxing only crypto is discriminatory
4. *Enforcement issues*: Hard to track foreign exchanges, no loss carryforward, low 2.5M won threshold hits small investors
5. *Capital flight*: $110B already moved offshore due to tax uncertainty 8d5bb7fd757476962368
*4. Where it stands now - May 2026*
- *PPP supports full abolition* with bill filed
- *Democratic Party* controls National Assembly. They agreed to delays before but haven't backed full repeal yet
- *National Tax Service* is still building AI tracking system for crypto despite repeal push
- *Odds low*: Only 3% of Assembly petitions actually get processed 75747696
*5. Why this matters*
Korea has 19.6M+ crypto accounts and $20T won daily trading volume. The tax delay/repeal directly impacts retail traders called "Ants". If scrapped, money could flow back to local exchanges Upbit/Bithumb instead of offshore. afe52368
#openledger $OPEN *Open ledger in crypto* = *public blockchain*
An *open ledger* is a database of all transactions that:
1. *Anyone can view* - You can see every transaction ever made. No permission needed.
2. *No one controls* - Not owned by a bank or company. Maintained by thousands of computers globally.
3. *Can't be changed* - Once a transaction is confirmed, it's permanent. No editing history.
4. *Decentralized* - Copies of the ledger exist on nodes all over the world.
*Example: Bitcoin's open ledger*
If I send you 0.1 BTC, that transaction gets recorded on Bitcoin's open ledger with:
Address A → Address B: 0.1 BTC | Time: May 21, 2026 | Fee: 0.0001 BTC
You can look it up on http://blockchain.com or http://mempool.space. You'll see my address, your address, amount, but _not_ our real names. That's why it's called *pseudonymous*.
*Open ledger vs Bank ledger*
**Bank Ledger** **Crypto Open Ledger**
**Who sees it** Only the bank Everyone in the world
**Who controls it** The bank Network of nodes/miners
**Can it be reversed** Yes, bank can freeze/reverse No, immutable once confirmed
**Trust needed** Trust the bank Trust math + code
**Access** Bank hours, KYC required 24/7, no ID needed
*Why it matters:*
1. *Transparency*: You can audit total supply. No one can secretly print more Bitcoin. 21M cap is verifiable.
2. *No middleman*: Send money globally without banks. Ledger updates directly.
3. *Censorship resistant*: No single entity can block your transaction if it's valid.
4. *Trustless*: Don't need to trust Binance or your bank - you verify yourself.
*Types of ledgers in crypto:*
1. *Fully open* - Bitcoin, Ethereum, Solana. Anyone can read + write transactions.
2. *Permissioned* - Used by companies/banks. Only approved parties can validate. Still distributed but not public. Ex: JPM Coin.
3. *Private* - Only visible to participants. Ex: Monero hides amounts/addresses even though ledger is open.
An *open ledger* is a database of all transactions that:
1. *Anyone can view* - You can see every transaction ever made. No permission needed.
2. *No one controls* - Not owned by a bank or company. Maintained by thousands of computers globally.
3. *Can't be changed* - Once a transaction is confirmed, it's permanent. No editing history.
4. *Decentralized* - Copies of the ledger exist on nodes all over the world.
*Example: Bitcoin's open ledger*
If I send you 0.1 BTC, that transaction gets recorded on Bitcoin's open ledger with:
Address A → Address B: 0.1 BTC | Time: May 21, 2026 | Fee: 0.0001 BTC
You can look it up on http://blockchain.com or http://mempool.space. You'll see my address, your address, amount, but _not_ our real names. That's why it's called *pseudonymous*.
*Open ledger vs Bank ledger*
**Bank Ledger** **Crypto Open Ledger**
**Who sees it** Only the bank Everyone in the world
**Who controls it** The bank Network of nodes/miners
**Can it be reversed** Yes, bank can freeze/reverse No, immutable once confirmed
**Trust needed** Trust the bank Trust math + code
**Access** Bank hours, KYC required 24/7, no ID needed
*Why it matters:*
1. *Transparency*: You can audit total supply. No one can secretly print more Bitcoin. 21M cap is verifiable.
2. *No middleman*: Send money globally without banks. Ledger updates directly.
3. *Censorship resistant*: No single entity can block your transaction if it's valid.
4. *Trustless*: Don't need to trust Binance or your bank - you verify yourself.
*Types of ledgers in crypto:*
1. *Fully open* - Bitcoin, Ethereum, Solana. Anyone can read + write transactions.
2. *Permissioned* - Used by companies/banks. Only approved parties can validate. Still distributed but not public. Ex: JPM Coin.
3. *Private* - Only visible to participants. Ex: Monero hides amounts/addresses even though ledger is open.
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*Recent situation of China in crypto after Trump’s May 2026 visit:*
*1. Policy stance: Still banned, but “Hong Kong as proxy”*
China’s mainland ban on crypto trading/mining remains. The central bank still says “business activities related to virtual currencies are illegal financial activities”. 4a0c
But the strategy shifted to using Hong Kong as an “offshore hub”. China is building an “Eastern crypto-financial center that balances regulation with openness”. 25cf
*What’s new post-Trump visit:*
- *Stablecoin push*: PetroChina is exploring stablecoin integration under Hong Kong’s new regulatory framework. HKMA opened license applications and set Sept 30, 2026 as the deadline.
- *Corporate interest*: Ant Group’s overseas arm, http://JD.com’s fintech JD Coinlink, and logistics firm Reitar Logtech all applied for HKMA stablecoin licenses.
- *Warning on hype*: Despite the push, Chinese regulators told firms to halt stablecoin promotions amid fraud concerns. 25cf
*2. Market reaction to Trump’s visit May 13-15, 2026*
Trump’s state visit with Elon Musk, Tim Cook, Jensen Huang, Larry Fink put crypto on the “core agenda of financial negotiations”. 8dde1fed
*Impact:*
- *Initial volatility*: BTC dropped to $79,200 when Xi issued a Taiwan warning during the visit. Total crypto market lost 4% before recovering.
- *Then recovery*: After Trump announced trade deals, BTC reclaimed $81,000. Mainstream assets like BTC and XRP “continued to strengthen” with improved risk appetite.
- *New narrative*: The visit “ignited a new crypto cycle” focused on CEX compliance, DEX liquidity, and prediction markets. bc79a5b625cf
*3. China’s dual-track strategy*
US analysts say China is playing both sides:
1. *Digital Yuan/CBDC*: Pushed for surveillance and control, to bypass the US dollar.
2. *Bitcoin exposure*: China still has the “second-largest state-held bitcoin reserve” and dominates 97% of ASIC mining hardware manufacturing. e2d08dde
Secretary of War Pete Hegseth said the US military is treating Bitcoin as a national security issue vs
*1. Policy stance: Still banned, but “Hong Kong as proxy”*
China’s mainland ban on crypto trading/mining remains. The central bank still says “business activities related to virtual currencies are illegal financial activities”. 4a0c
But the strategy shifted to using Hong Kong as an “offshore hub”. China is building an “Eastern crypto-financial center that balances regulation with openness”. 25cf
*What’s new post-Trump visit:*
- *Stablecoin push*: PetroChina is exploring stablecoin integration under Hong Kong’s new regulatory framework. HKMA opened license applications and set Sept 30, 2026 as the deadline.
- *Corporate interest*: Ant Group’s overseas arm, http://JD.com’s fintech JD Coinlink, and logistics firm Reitar Logtech all applied for HKMA stablecoin licenses.
- *Warning on hype*: Despite the push, Chinese regulators told firms to halt stablecoin promotions amid fraud concerns. 25cf
*2. Market reaction to Trump’s visit May 13-15, 2026*
Trump’s state visit with Elon Musk, Tim Cook, Jensen Huang, Larry Fink put crypto on the “core agenda of financial negotiations”. 8dde1fed
*Impact:*
- *Initial volatility*: BTC dropped to $79,200 when Xi issued a Taiwan warning during the visit. Total crypto market lost 4% before recovering.
- *Then recovery*: After Trump announced trade deals, BTC reclaimed $81,000. Mainstream assets like BTC and XRP “continued to strengthen” with improved risk appetite.
- *New narrative*: The visit “ignited a new crypto cycle” focused on CEX compliance, DEX liquidity, and prediction markets. bc79a5b625cf
*3. China’s dual-track strategy*
US analysts say China is playing both sides:
1. *Digital Yuan/CBDC*: Pushed for surveillance and control, to bypass the US dollar.
2. *Bitcoin exposure*: China still has the “second-largest state-held bitcoin reserve” and dominates 97% of ASIC mining hardware manufacturing. e2d08dde
Secretary of War Pete Hegseth said the US military is treating Bitcoin as a national security issue vs
.#tradingtechnique
1. *Spot Trading*
You buy/sell crypto directly and own the asset immediately.
*Pros:*
- *Simple*: You buy 1 ETH, you own 1 ETH. No liquidation risk.
- *Lower risk*: Max loss = what you invested. No leverage = no -100% in 5 minutes.
- *Good for long-term holding*: You can hold for years, stake, use in DeFi.
- *No funding fees*: You just pay trading fees.
*Cons:*
- *Lower gains*: If ETH goes up 10%, you make 10%. No leverage.
- *Only profit when price goes up* unless you short on some exchanges.
- *Capital inefficient*: You need $2,000 to buy $2,000 of ETH.
*Best for*: Beginners, DCA/investing, holding coins you believe in long-term.
2. *Futures Trading*
You trade contracts based on price, often with leverage. You don’t own the actual coin unless you take delivery.
*Pros:*
- *Leverage*: 5x, 10x, 20x leverage means $200 controls $2,000-$4,000. Bigger gains if right.
- *Profit both ways*: Go long if you think price goes up, short if you think it goes down.
- *Capital efficient*: Less capital needed to take larger positions.
- *Hedging*: Miners, institutions use it to hedge risk.
*Cons:*
- *Liquidation risk*: If price moves against you, you lose everything in that position. 10x leverage = 10% move wipes you out.
- *Funding fees*: Every 8 hours you pay/receive funding based on market sentiment. Can eat profits.
- *Stress & complexity*: You need to manage margin, liquidation price, leverage.
- *Not for holding*: Funding + volatility make it bad for long-term holding.
*Best for*: Experienced traders, short-term moves, hedging, those who understand risk management.
3. *Quick comparison*
**Spot** **Futures**
**Ownership** You own the crypto You own a contract, not the crypto
**Leverage** None Up to 125x on some exchanges
**Risk** Low to medium High to very high
**Fees** Trading fee only Trading fee + funding fee
**Liquidation** No Yes
**Best for** Investing, beginners Short-term trading, experienced users
1. *Spot Trading*
You buy/sell crypto directly and own the asset immediately.
*Pros:*
- *Simple*: You buy 1 ETH, you own 1 ETH. No liquidation risk.
- *Lower risk*: Max loss = what you invested. No leverage = no -100% in 5 minutes.
- *Good for long-term holding*: You can hold for years, stake, use in DeFi.
- *No funding fees*: You just pay trading fees.
*Cons:*
- *Lower gains*: If ETH goes up 10%, you make 10%. No leverage.
- *Only profit when price goes up* unless you short on some exchanges.
- *Capital inefficient*: You need $2,000 to buy $2,000 of ETH.
*Best for*: Beginners, DCA/investing, holding coins you believe in long-term.
2. *Futures Trading*
You trade contracts based on price, often with leverage. You don’t own the actual coin unless you take delivery.
*Pros:*
- *Leverage*: 5x, 10x, 20x leverage means $200 controls $2,000-$4,000. Bigger gains if right.
- *Profit both ways*: Go long if you think price goes up, short if you think it goes down.
- *Capital efficient*: Less capital needed to take larger positions.
- *Hedging*: Miners, institutions use it to hedge risk.
*Cons:*
- *Liquidation risk*: If price moves against you, you lose everything in that position. 10x leverage = 10% move wipes you out.
- *Funding fees*: Every 8 hours you pay/receive funding based on market sentiment. Can eat profits.
- *Stress & complexity*: You need to manage margin, liquidation price, leverage.
- *Not for holding*: Funding + volatility make it bad for long-term holding.
*Best for*: Experienced traders, short-term moves, hedging, those who understand risk management.
3. *Quick comparison*
**Spot** **Futures**
**Ownership** You own the crypto You own a contract, not the crypto
**Leverage** None Up to 125x on some exchanges
**Risk** Low to medium High to very high
**Fees** Trading fee only Trading fee + funding fee
**Liquidation** No Yes
**Best for** Investing, beginners Short-term trading, experienced users
#WORDOFTHEDAY✅
*Today’s Word of the Day - May 17, 2026:*
*"Association Set"*
*What it means:*
In crypto privacy protocols like Privacy Pools, an _association set_ is a vetted group of deposits that have passed off-chain screening for illicit funds. When you withdraw, you use zero-knowledge proofs to prove your funds came from this "clean" set without revealing which deposit was yours.
It’s relevant right now because Vitalik Buterin used Privacy Pools yesterday to move 50.25 ETH.
*How to play:*
1. Open Binance App > More > Academy > Word of the Day
2. Enter the word and answer the 2 questions
3. Get a share of the prize pool if you’re correct
*Today’s Word of the Day - May 17, 2026:*
*"Association Set"*
*What it means:*
In crypto privacy protocols like Privacy Pools, an _association set_ is a vetted group of deposits that have passed off-chain screening for illicit funds. When you withdraw, you use zero-knowledge proofs to prove your funds came from this "clean" set without revealing which deposit was yours.
It’s relevant right now because Vitalik Buterin used Privacy Pools yesterday to move 50.25 ETH.
*How to play:*
1. Open Binance App > More > Academy > Word of the Day
2. Enter the word and answer the 2 questions
3. Get a share of the prize pool if you’re correct
#VitalikMovesETHviaPrivacyPools *"Vitalik Moves ETH via Privacy Pools"* refers to Ethereum co-founder Vitalik Buterin sending 50.25 ETH worth ∼$113K through the Privacy Pools protocol on May 15, 2026. 2221.
On May 15, 2026, Vitalik transferred 50.25 ETH from his address `0xab5801a7d398351b8be11c439e05c5b3259aec9b` to Privacy Pools. It wasn’t a sale or liquidation - it was a deliberate demo of the protocol using real capital. 1aba2221
What are Privacy Pools
Privacy Pools is a “compliance-aware” privacy protocol for Ethereum that Vitalik co-authored in a 2023 research paper. It launched on mainnet March 31, 2025 via http://0xbow.io. 2221
The goal: give users privacy without becoming a haven for money laundering like Tornado Cash was. ef1a
*How it works:*
1. *Deposits get screened off-chain* for illicit funds
2. *Clean deposits join an “association set”* - a vetted group
3. *Withdrawals use zero-knowledge proofs* to prove your funds came from the clean set, but don’t reveal which deposit was yours
4. *Illicit deposits can be removed* from the set dynamically. If your deposit gets flagged, you can use “ragequit” to get it back ef1aadf9
Think of it as: privacy with a filter. Regulators can accept proofs from “good” sets during audits without seeing every transaction. ef1a
Why it matters
1. *"Skin in the game"*: Vitalik using it publicly validates the tech beyond whitepaper theory
2. *Compliance angle*: It’s designed as a bridge between user privacy and AML obligations. This matters because Tornado Cash got sanctioned by OFAC in 2022 for mixing dirty + clean money together
3. *Privacy debate*: Vitalik has long argued “Privacy is normal”. This move signals he still backs privacy tools even under regulatory scrutiny 2221ef1aa23857e4
He’s done this before with Railgun too - sent 400 ETH in 2025 and 1,006 ETH worth $2.93M more recently. a238cddc
On May 15, 2026, Vitalik transferred 50.25 ETH from his address `0xab5801a7d398351b8be11c439e05c5b3259aec9b` to Privacy Pools. It wasn’t a sale or liquidation - it was a deliberate demo of the protocol using real capital. 1aba2221
What are Privacy Pools
Privacy Pools is a “compliance-aware” privacy protocol for Ethereum that Vitalik co-authored in a 2023 research paper. It launched on mainnet March 31, 2025 via http://0xbow.io. 2221
The goal: give users privacy without becoming a haven for money laundering like Tornado Cash was. ef1a
*How it works:*
1. *Deposits get screened off-chain* for illicit funds
2. *Clean deposits join an “association set”* - a vetted group
3. *Withdrawals use zero-knowledge proofs* to prove your funds came from the clean set, but don’t reveal which deposit was yours
4. *Illicit deposits can be removed* from the set dynamically. If your deposit gets flagged, you can use “ragequit” to get it back ef1aadf9
Think of it as: privacy with a filter. Regulators can accept proofs from “good” sets during audits without seeing every transaction. ef1a
Why it matters
1. *"Skin in the game"*: Vitalik using it publicly validates the tech beyond whitepaper theory
2. *Compliance angle*: It’s designed as a bridge between user privacy and AML obligations. This matters because Tornado Cash got sanctioned by OFAC in 2022 for mixing dirty + clean money together
3. *Privacy debate*: Vitalik has long argued “Privacy is normal”. This move signals he still backs privacy tools even under regulatory scrutiny 2221ef1aa23857e4
He’s done this before with Railgun too - sent 400 ETH in 2025 and 1,006 ETH worth $2.93M more recently. a238cddc
*"All records broken – Pakistan’s debt reaches 97,307 billion rupees"*
The State Bank of Pakistan released data on loans and liabilities up to March 2026.
According to the released data, as of March 2026, total debt stands at *97,307 billion rupees*, with *domestic debt at 57,566 billion* and *foreign debt over 35,000 billion*.
As of March last year, this amount was *89,774 billion*, with domestic debt at *51,518 billion* and foreign debt at *33,137 billion*. In one year, Pakistan’s debt and liabilities increased by *7,533 billion rupees*.
The State Bank of Pakistan released data on loans and liabilities up to March 2026.
According to the released data, as of March 2026, total debt stands at *97,307 billion rupees*, with *domestic debt at 57,566 billion* and *foreign debt over 35,000 billion*.
As of March last year, this amount was *89,774 billion*, with domestic debt at *51,518 billion* and foreign debt at *33,137 billion*. In one year, Pakistan’s debt and liabilities increased by *7,533 billion rupees*.
#pakitandebit *"All records broken – Pakistan’s debt reaches 97,307 billion rupees"*
The State Bank of Pakistan released data on loans and liabilities up to March 2026.
According to the released data, as of March 2026, total debt stands at *97,307 billion rupees*, with *domestic debt at 57,566 billion* and *foreign debt over 35,000 billion*.
As of March last year, this amount was *89,774 billion*, with domestic debt at *51,518 billion* and foreign debt at *33,137 billion*. In one year, Pakistan’s debt and liabilities increased by *7,533 billion rupees*.
The State Bank of Pakistan released data on loans and liabilities up to March 2026.
According to the released data, as of March 2026, total debt stands at *97,307 billion rupees*, with *domestic debt at 57,566 billion* and *foreign debt over 35,000 billion*.
As of March last year, this amount was *89,774 billion*, with domestic debt at *51,518 billion* and foreign debt at *33,137 billion*. In one year, Pakistan’s debt and liabilities increased by *7,533 billion rupees*.
Here’s who to watch for, and how they work in 2026:
*1. Fake Binance staff & phishing sites*
*Who*: Scammers pretending to be Binance support on Telegram, WhatsApp, X, email.
*How*:
- “Your account is locked, click here to verify” → fake login page steals your password + 2FA
- “Binance agent” DMs you offering to fix issues. Real Binance staff never DM first
- Fake “binance-support.com” domains, 1 letter off real site
*Red flag*: Urgency, “click now”, asking for seed phrase/API key.
*Result*: They drain your account in 5 min. Binance can’t reverse it.
*2. Fake new coin listings & presales*
*Who*: Anonymous dev teams launching tokens like “Pepeto”, “APEMARS” that claim “Binance listing soon”.
*How*:
- Pay influencers to shill. Show fake partnerships
- Lock liquidity for 1 week, rug pull after pump
- Honeypot contracts: you can buy but can’t sell
*Red flag*: No audit, anonymous team, “guaranteed 100x”, presale only on their website.
*Result*: Token goes to zero in 48h. This is what happened to 99% of BNB Chain meme coins launched last 24h.
*3. Pump & dump groups*
*Who*: Telegram/Discord groups with 10K+ members.
*How*:
- Announce “Binance listing at 8pm UTC, buy now”
- Organizers buy first, dump on you when you FOMO
- Often happens with low-liquidity tokens like TURBO, APE listed recently
*Red flag*: “Exclusive signal”, everyone posting rockets, delete chat after pump.
*4. Fake P2P traders on Binance*
*Who*: P2P sellers/buyers with fake proof of payment.
*How*:
- Send fake bank screenshot, you release crypto, payment never arrives
- Reverse payment after you release. Especially common with easypaisa/jazzcash
- “Overpayment” scam: send extra, ask you to refund to different account
*Red flag*: New account, no trades, off-platform chat, asking to release before payment clears.
*1. Fake Binance staff & phishing sites*
*Who*: Scammers pretending to be Binance support on Telegram, WhatsApp, X, email.
*How*:
- “Your account is locked, click here to verify” → fake login page steals your password + 2FA
- “Binance agent” DMs you offering to fix issues. Real Binance staff never DM first
- Fake “binance-support.com” domains, 1 letter off real site
*Red flag*: Urgency, “click now”, asking for seed phrase/API key.
*Result*: They drain your account in 5 min. Binance can’t reverse it.
*2. Fake new coin listings & presales*
*Who*: Anonymous dev teams launching tokens like “Pepeto”, “APEMARS” that claim “Binance listing soon”.
*How*:
- Pay influencers to shill. Show fake partnerships
- Lock liquidity for 1 week, rug pull after pump
- Honeypot contracts: you can buy but can’t sell
*Red flag*: No audit, anonymous team, “guaranteed 100x”, presale only on their website.
*Result*: Token goes to zero in 48h. This is what happened to 99% of BNB Chain meme coins launched last 24h.
*3. Pump & dump groups*
*Who*: Telegram/Discord groups with 10K+ members.
*How*:
- Announce “Binance listing at 8pm UTC, buy now”
- Organizers buy first, dump on you when you FOMO
- Often happens with low-liquidity tokens like TURBO, APE listed recently
*Red flag*: “Exclusive signal”, everyone posting rockets, delete chat after pump.
*4. Fake P2P traders on Binance*
*Who*: P2P sellers/buyers with fake proof of payment.
*How*:
- Send fake bank screenshot, you release crypto, payment never arrives
- Reverse payment after you release. Especially common with easypaisa/jazzcash
- “Overpayment” scam: send extra, ask you to refund to different account
*Red flag*: New account, no trades, off-platform chat, asking to release before payment clears.
*Who CANNOT scam you if you do it right*
1. *Binance itself* won’t steal funds if you use 2FA, anti-phishing code, withdrawal whitelist. They’ve paid $4.3B fine to stay legal.
2. *BTC, ETH, BNB* can’t scam you. Code runs on blockchain. But tokens built on them can.
3. *Your hardware wallet* if you never enter seed phrase online.
*How to not get scammed in 60 seconds*
1. *Check the URL*: http://binance.com only. Bookmark it.
2. *Never share*: Seed phrase, private key, API key, SMS code. Binance will never ask.
3. *Use P2P protection*: Only trade with merchants >1000 trades, 98%+ completion rate. Never release crypto before money hits your bank.
4. *Verify listings*: Check Binance Announcements. If it’s not there, it’s not listed. Pepeto/BFX claiming “listing soon” is marketing until confirmed.
5. *Small test first*: Send $5 test transaction before $500.
6. *Enable*: Anti-phishing code, withdrawal address whitelist, 2FA via authenticator app.
*If you got scammed already*
Report to Binance Support immediately, freeze account, report to FIA/Cyber Crime in Pakistan. Chances of recovery are low but report it anyway.
---
*Bottom line*: 90% of scams rely on urgency + greed. If someone promises “guaranteed profit”, “Binance listing tomorrow”, or DMs you first — it’s a scam 99% of the time.
1. *Binance itself* won’t steal funds if you use 2FA, anti-phishing code, withdrawal whitelist. They’ve paid $4.3B fine to stay legal.
2. *BTC, ETH, BNB* can’t scam you. Code runs on blockchain. But tokens built on them can.
3. *Your hardware wallet* if you never enter seed phrase online.
*How to not get scammed in 60 seconds*
1. *Check the URL*: http://binance.com only. Bookmark it.
2. *Never share*: Seed phrase, private key, API key, SMS code. Binance will never ask.
3. *Use P2P protection*: Only trade with merchants >1000 trades, 98%+ completion rate. Never release crypto before money hits your bank.
4. *Verify listings*: Check Binance Announcements. If it’s not there, it’s not listed. Pepeto/BFX claiming “listing soon” is marketing until confirmed.
5. *Small test first*: Send $5 test transaction before $500.
6. *Enable*: Anti-phishing code, withdrawal address whitelist, 2FA via authenticator app.
*If you got scammed already*
Report to Binance Support immediately, freeze account, report to FIA/Cyber Crime in Pakistan. Chances of recovery are low but report it anyway.
---
*Bottom line*: 90% of scams rely on urgency + greed. If someone promises “guaranteed profit”, “Binance listing tomorrow”, or DMs you first — it’s a scam 99% of the time.
#CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets
*General thoughts on Binance in May 2026: "Love it for trading, fear it for risk"*
People are split. Binance is the biggest, most-used exchange — but also the most controversial. Here’s the real sentiment breakdown:
*1. What people _like_ about Binance*
Reason What users say Data backing it
**Liquidity #1** "Best fills, tightest spreads" $65B+ daily volume, 2x bigger than Coinbase + OKX combined
**Low fees** "0.1% spot, 25% off with BNB" Cheapest major exchange. Free BTC trading pairs often
**Features** "Everything in one app" Spot, futures, options, Earn, Launchpad, NFT, P2P. 350+ coins
**Launchpad returns** "Free money if you hold BNB" 2024–2025 launches avg 8x first day. SAGA, OMNI, EDU all pumped
**BNB Chain** "Cheap + fast" $0.05 tx fees vs ETH $1–$5. #3 chain by TVL
**P2P** "Only way to buy crypto in my country" Dominant in PK, IN, NG, TR where banks block crypto
*Pro traders*: Binance is home base. 60%+ of global crypto futures run through Binance. If you trade for a living, you’re probably here.
*2. What people _dislike/worry_ about*
Concern What users say Reality check
**Regulatory risk** "Will US shut them down?" Paid $4.3B fine to US in Nov 2023. CZ stepped down. Still no US license. Operating offshore
**Centralization** "CZ still controls it" Richard Teng is CEO but CZ owns majority. BNB Chain validators = Binance-linked
**Proof of Reserves** "Can we trust their assets?" Publishes monthly PoR + Merkle tree. Holds $100B+ user assets. But FTX also had “proof”
**Withdrawal freezes** "They halt withdrawals during pumps" Happens during extreme volatility. May 2021, Mar 2023. Usually hours, not days
**US lawsuit fallout** "What if SEC calls BNB a security?" SEC dropped some charges in 2024, but risk remains. Coinbase lawsuit set precedent
**War/geopolitics** "What if Iran war escalates?" Binance HQ = Dubai. Strait of Hormuz closure could disrupt staff/banking
People are split. Binance is the biggest, most-used exchange — but also the most controversial. Here’s the real sentiment breakdown:
*1. What people _like_ about Binance*
Reason What users say Data backing it
**Liquidity #1** "Best fills, tightest spreads" $65B+ daily volume, 2x bigger than Coinbase + OKX combined
**Low fees** "0.1% spot, 25% off with BNB" Cheapest major exchange. Free BTC trading pairs often
**Features** "Everything in one app" Spot, futures, options, Earn, Launchpad, NFT, P2P. 350+ coins
**Launchpad returns** "Free money if you hold BNB" 2024–2025 launches avg 8x first day. SAGA, OMNI, EDU all pumped
**BNB Chain** "Cheap + fast" $0.05 tx fees vs ETH $1–$5. #3 chain by TVL
**P2P** "Only way to buy crypto in my country" Dominant in PK, IN, NG, TR where banks block crypto
*Pro traders*: Binance is home base. 60%+ of global crypto futures run through Binance. If you trade for a living, you’re probably here.
*2. What people _dislike/worry_ about*
Concern What users say Reality check
**Regulatory risk** "Will US shut them down?" Paid $4.3B fine to US in Nov 2023. CZ stepped down. Still no US license. Operating offshore
**Centralization** "CZ still controls it" Richard Teng is CEO but CZ owns majority. BNB Chain validators = Binance-linked
**Proof of Reserves** "Can we trust their assets?" Publishes monthly PoR + Merkle tree. Holds $100B+ user assets. But FTX also had “proof”
**Withdrawal freezes** "They halt withdrawals during pumps" Happens during extreme volatility. May 2021, Mar 2023. Usually hours, not days
**US lawsuit fallout** "What if SEC calls BNB a security?" SEC dropped some charges in 2024, but risk remains. Coinbase lawsuit set precedent
**War/geopolitics** "What if Iran war escalates?" Binance HQ = Dubai. Strait of Hormuz closure could disrupt staff/banking
#besttradingstatege If you’re brand new: Start here*
1. *Week 1–4*: DCA $25–$100th/week into BTC only. Learn Binance UI. No leverage
2. *Month 2–3*: Paper trade swing strategy on Trading view. Track 20 trades
3. *Month 4+*: Trade BNB range with $50 positions. Risk $0.50 per trade
4. *After 100th trades*: Review stats. If win rate >45% + risk/reward >1.5, size up
*Bottom line*: “Best” = DCA BTC + range trade BNB right now. Market’s choppy with war risk. Institutions are buying $78 K. Alts pump then dump.
*Tell me 3 things and I’ll build your exact plan*:
1. *Capital*: How much $?
2. *Time*: 10 min/day or 4 hrs/day?
3. *Risk*: Lose 10% and sleep fine, or 2% max?
1. *Week 1–4*: DCA $25–$100th/week into BTC only. Learn Binance UI. No leverage
2. *Month 2–3*: Paper trade swing strategy on Trading view. Track 20 trades
3. *Month 4+*: Trade BNB range with $50 positions. Risk $0.50 per trade
4. *After 100th trades*: Review stats. If win rate >45% + risk/reward >1.5, size up
*Bottom line*: “Best” = DCA BTC + range trade BNB right now. Market’s choppy with war risk. Institutions are buying $78 K. Alts pump then dump.
*Tell me 3 things and I’ll build your exact plan*:
1. *Capital*: How much $?
2. *Time*: 10 min/day or 4 hrs/day?
3. *Risk*: Lose 10% and sleep fine, or 2% max?
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