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The Pakistan Crypto Council (PCC) on Saturday partnered with World Liberty Financial (WLF), a decentralised finance platform backed by United States President Donald Trump, to advance cryptocurrency applications and boost blockchain adoption. Trump and his affiliates hold a 60 per cent stake in WLF, which launched last year. The US president has promised to regulate the industry favourably and his administration has eased enforcement actions against several big industry players. A press release from the finance ministry said a WLF delegation visited Islamabad today and signed a letter of intent with the PCC. The delegation comprised Zachary Folkman, Chase Herro and Zachary Witkoff, the son of Trump’s special envoy Steve Witkoff. “[The] WLF … has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation, stablecoin adoption and decentralised finance integration across Pakistan,” the press release reads. #pakistanicrypto
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BlackRock’s Bitcoin ETF Attracts Nearly $1 Billion Worth of Inflows in One Day According to recent data provided by SoSoValue, BlackRock's iShares Bitcoin Trust ETF (IBIT) attracted $971 million worth of inflows in a single day on Monday. This is the second-largest single-day inflow recorded by IBIT since its inception in January 2024. The massive sum has offset the outflows recorded by other ETF products. The ARK 21Shares Bitcoin ETF (ARKB) was the biggest laggard on Monday, hemorrhaging a total of $226 million. #AITokensBounce
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Cardano (ADA) Golden Cross Finally Confirmed Cardano (ADA) has recorded a significant spike in its price, rising from $0.6856 to over $0.72 in the last 24 hours. The surge comes as the ninth-largest cryptocurrency by market capitalization recently formed a golden cross on the daily chart. This signals a shift in trend for the asset. The Moving Average Cross indicator on the daily chart marks ADA’s Golden Cross formation. Notably, the short-term 9-day MA has now crossed above the longer-term 20-day MA. This development is usually a bullish signal, as the golden cross suggests ADA has potential upward price momentum and a possible shift toward a long-term bull market. This usually comes with strong buying pressure and investor optimism. #BTCNextATH
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Will XRP Price Skyrocket Under New SEC Chair Paul Atkins? Atkins has invested up to $6 million into crypto-focused firms such as Anchorage Digital and Securitize, which specialize in digital asset custody and blockchain XRP is in the limelight once again with Paul Atkins, a well-known crypto-friendly personality, becoming the new Chair of the U.S. Securities and Exchange Commission (SEC). With his appointment, the crypto community is abuzz, particularly XRP investors who have been waiting patiently for regulatory direction CryptoMarketCapBackTo$3T #USStockDrop
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