The International Monetary Fund (IMF) asks Pakistan to clarify its plans to allocate energy for Bitcoin mining due to electricity shortages and financial problems.
- The IMF delegation is expected to hold a virtual session with the Pakistani Ministry of Finance to discuss the allocation of electricity. Pakistan announced last week that it will allocate 2,000 megawatts of energy to Bitcoin mines and artificial intelligence data centres.
The International Monetary Fund has approved a $2.4 billion loan to Pakistan and is currently in talks with the country about its financial plans. Pakistan plans to re-employ three underutilised coal-fired power plants to provide electricity for Bitcoin mining and artificial intelligence data centres.
- The International Monetary Fund is concerned about the impact of this initiative on electricity tariffs and distribution. Pakistan has taken quick steps to adopt crypto assets, establishing the Pakistan Cryptocurrency Council (PCC) to regulate and integrate them into the country's financial landscape #IMF $BTC
The U.S. Securities and Exchange Commission (SEC) is scheduled to hold a roundtable on “DeFi and American Spirit” on June 9 at its headquarters in Washington, D.C.
- The event, organised by the IAEA's Digital Currency Task Force, will focus on the DeFi sector and explore regulatory approaches to digital assets. The team will include experts from academia, legal and blockchain industry, to discuss how DeFi platforms reflect American values such as independence, open engagement and market-driven innovation. This event comes within the framework of the SEC “Spring Sprint Toward Crypto Clarity” initiative, which aims to gather industry opinions and guide regulatory policy. This round table is expected to be one of the most important round tables to date. #SEC
Vice President JD Vance gave a speech at the Bitcoin 2025 conference, where he emphasised the importance of digital assets and the White House's support for them. He also stressed the potential of this industry as a symbol of personal freedom and the need to abolish rules and administrative routine. Vance also stressed the need for a clear legal framework and a transparent regulatory framework for digital assets. #Bitcoin2025
WalletConnect Token (WCT) - The Future of Crypto. WalletConnect Token is a bridge for wallets. Here is how it works: • Connects wallets to dapps • Supports 100 wallets • 1000+ dapps integrated Conclusion: WalletConnect is the future of crypto. I made 64% profit from this project & i see great potential in this coin 🔥 #WriteToEarnWCT
Cantor Fitzgerald completed its first deals in the new “Bitcoin Finance Business”, providing up to $2 billion in financing to institutional clients. Wall Street plans to make up to $2 billion available to customers through deals with Maple Finance and FalconX. The partnership aims to build an institutional credit infrastructure of the institutional grade necessary for well-functioning capital markets. Cantor Fitzgerald uses Anchorage Digital and Copper.co for custody services. The announcement follows a report published by the Financial Times last April that Cantor Fitzgerald was planning a $3 billion Bitcoin investment project. #Btc
Google researcher Craig Gidney reduced the quantitative requirements for Bitcoin penetration by 95%, pointing out that the hardware requirements for 2048-bit RSA decryption have decreased significantly.
- Gidney's previous estimates were putting the minimum at 20 million noisy qubits, but the new forecast requires less than one million. This reduction in the arithmetic load represents a significant jump in quantum capacity, although it may take several days instead of a few hours.
- These discoveries come at a time when concerns are growing about the pace of development of quantum computing, as major financial institutions update their disclosures. BlackRock recently referred to quantum computing as a fundamental risk to Bitcoin's exchange-traded investment fund product, IBIT.
Despite these concerns, some experts believe that the cryptocurrency sector still has time to adjust to potential risks. #Btc
How Crypto Could Reshape Everyday Spending in the Next 10 Years.
In the next decade, everyday spending will be revolutionized by crypto.
Here are the ways it will change: 1. *Contactless Payments* - crypto transactions will be faster than cash or card. 2. *Lower Fees* - no more 2-3% fees on every purchase. 3. *Borderless Transactions* - buy from anywhere globally. 4. *Micropayments* - pay for everything from parking to coffee. 5. *Tokenized Rewards* - loyalty programs will be crypto based.\n6. *Decentralized Finance* - loans for purchases from decentralized lenders.
In my personal opinion, these indicators show that things are normal. And with the arrival of BTC to $100K areas early, we know that we have some time for liquidity to move to L2 coins, but not in a long time. $BTC $ETH #btc #TrendingTopic