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JPMorgan cut price targets for bitcoin miners in its coverage by 19%-29%. The bank upgraded IREN to overweight from neutral and cut Cipher Mining to neutral from overweight. It reiterated its overweight rating on Riot Platforms and CleanSpark, and its neutral recommendation on MARA Holdings.

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Pakistan government launched Pakistan Crypto Council to intigrate Crypto blockchain technology with Financial System . The Pakistan Crypto Council (PCC) was officially launched on Friday to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape. According to a press release from the Finance Division, the PCC is a government-backed initiative aimed at regulating, fostering, and integrating blockchain and cryptocurrency innovations into the country’s financial and economic framework. On February 25, following a meeting between Finance Minister Muhammad Aurangzeb and a foreign delegation, the finance ministry announced it was considering “establishing a National Crypto Council” to adopt emerging digital currencies in line with global trends. Earlier this month, the federal government appointed entrepreneur Bilal Bin Saqib as the chief adviser to the finance minister on the council. The Finance Division called Saqib’s appointment “a significant step forward” in Pakistan embracing digital currencies and assessing their impact on the national economy.

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