Key Headlines
šµš° Pakistanās Strategic Move into Bitcoin
Pakistan has announced the establishment of its first government-led Strategic Bitcoin Reserve. This initiative, unveiled at the Bitcoin Vegas 2025 conference, is part of the countryās broader plan to integrate blockchain technology into its financial system. The government has also allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers, signaling a significant investment in the crypto sector .
šŗšø SEC Dismisses Binance Lawsuit
In a notable regulatory development, the U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance, which was initially filed in 2023 over alleged trading irregularities. This move is seen as part of a broader crypto-friendly stance by the current U.S. administration .
š¹š Thailand to Block Major Crypto Exchanges
Thailandās Securities and Exchange Commission has ordered a nationwide shutdown of several crypto exchanges, including Bybit, OKX, and CoinEx, effective June 28. The decision is based on accusations that these platforms operated without proper licenses .
š Significant Crypto Market Liquidations
The crypto market experienced over $800 million in liquidations recently, as Bitcoin, Ethereum, and Dogecoin prices fell. This sharp downturn has raised concerns about market volatility and investor risk .
š Ethereumās Potential Rally
Analysts are optimistic about Ethereumās performance, citing a potential 55% rally against Bitcoin. This projection is based on Ethereumās strong network activity and futures data, suggesting a possible altcoin season ahead
