A lot has happened recently in the crypto world ā from huge price moves to big legal changes. Hereās a simple breakdown of whatās going on globally and in Pakistan.
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š Global Updates
1. U.S. Laws Are Changing Everything
America just passed two major crypto laws ā the CLARITY Act and the GENIUS Act.
These laws clearly define which crypto assets are securities vs. commodities.
Stablecoins are now fully regulated, which is a big win for mass adoption.
After this, the entire crypto market cap crossed $4 trillion for the first time.
$BTC hit $123,000 recently before correcting slightly to around $115Kā$118K.
ETH pumped over 50% in July and is now trading near $3,500.
Institutions are pouring money in ā over $4.4 billion entered crypto ETFs in one week!
3. Big Banks Are Joining the Party
JPMorgan is now testing Bitcoin and Ethereum-backed loans.
Goldman Sachs and BNY Mellon launched tokenized versions of money market funds ā making traditional finance go fully crypto.
4. But There Are Some Warnings
Some experts are comparing this fast growth to the 2008 financial crisis ā saying too much leverage and lending could cause trouble again if not handled carefully.
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2. šµš° Whatās Happening in Pakistan?
1. Pakistan is Getting Serious About Crypto
The government recently launched the Pakistan Crypto Council, led by Bilal Bin Saqib, with Binance's CZ as an advisor.
They also created a new regulatory body: PVARA (Pakistan Virtual Assets Regulatory Authority), which will handle licensing, regulation, and industry growth.
2. Bitcoin Reserves & Mining
Pakistan has officially added Bitcoin to its reserves.
Over 2,000 MW of surplus energy is being used for mining and AI operations.
3. Crypto is Booming Among Youth
Over 40 million people in Pakistan now have crypto wallets.
Experts believe Pakistanās young population could push Bitcoin adoption faster than even developed countries.
4. IMF Pushback
The IMF recently rejected Pakistanās request for energy subsidies for crypto mining, saying it could harm the economy. So the mining plans may face some delays.
