Webull Corporation has announced that it will redeem all of its outstanding incentive warrants on June 30, 2025. The company confirmed that notices of redemption have been issued to all registered holders through Continental Stock Transfer & Trust Company, which serves as warrant agent. The incentive warrants, issued during the company’s April 2025 business combination, allow holders to purchase Class A ordinary shares at an exercise price of $10.00 per share. Webull stated that holders who do not exercise their warrants by 5:00 p.m. New York time on the redemption date will receive $0.01 per unexercised warrant. After that deadline, the warrants will be void. Holders have until the redemption date to exercise their incentive warrants The redemption was triggered under the terms of the Warrant Agreement, which allows for such action if the volume weighted average price of the Class A shares meets or exceeds $18.00 for 30 consecutive trading days. According to the company, that threshold was met during the period ending May 23, 2025. Holders have until the redemption date to exercise their incentive warrants. Webull clarified that neither the company, its board, nor any of its employees is making a recommendation regarding whether warrant holders should act. The company confirmed that a prospectus covering the underlying shares is part of a Registration Statement on Form F-1 (No. 333-286880), which has been declared effective by the U.S. Securities and Exchange Commission. Questions regarding the redemption process are being handled by Continental Stock Transfer & Trust Company, whose contact details were included in the company’s notice. Webull Corporation operates the Webull investment platform, which provides trading in global stocks, ETFs, options, futures, and fractional shares. The firm offers services in 14 international markets and reports over 24 million registered users. The company’s infrastructure is supported by a global network of licensed brokerages. Webull trades under the symbol BULL on Nasdaq, while the incentive warrants being redeemed were listed under BULLZ.

Cantor Fitzgerald Asset Management has announced the upcoming launch of the Cantor Fitzgerald Gold Protected Bitcoin Fund, L.P., a hybrid investment vehicle offering direct Bitcoin exposure with gold-based downside protection. The firm says the fund is structured to provide investors with uncapped upside linked to Bitcoin’s performance while using the price of gold as a mechanism to mitigate potential losses. This marks Cantor Fitzgerald’s first fund focused on Bitcoin. The firm expects the vehicle to begin accepting investor capital in the coming weeks. “We believe this is a truly groundbreaking investment vehicle” Brandon G. Lutnick, Chairman of Cantor Fitzgerald, commented, “At Cantor, we are focused on delivering innovative products that support clients seeking exposure to digital asset investments. We believe this is a truly groundbreaking investment vehicle—one that helps investors to tap into Bitcoin’s potential growth with downside protection based on the price of gold. This Fund reflects our entrepreneurial spirit and commitment to delivering bold, forward-thinking solutions that redefine what’s possible in digital asset investing.” The fund will be structured with a five-year duration and will be privately offered to qualified investors. The firm has not disclosed final structural or portfolio details, noting that the vehicle remains in a pre-launch phase with possible changes to terms, assets, or composition based on market conditions. The concept behind the fund appears to target investors who want exposure to Bitcoin but are hesitant due to volatility concerns. The 1-to-1 downside protection mechanism, tied to the price of gold, introduces a structured risk profile that may appeal to institutional allocators and high-net-worth investors. The product is not a regulated exchange-traded fund and will be offered through private placement. According to the announcement, the fund is still being finalized and all illustrative materials are subject to change. A final Private Placement Memorandum will be required for any formal investment decisions. Cantor Fitzgerald, which employs approximately 14,000 people, operates across capital markets, investment banking, prime services, real estate, and digital assets. Its asset management division oversees roughly $14.8 billion in assets through a broad mix of public and private vehicles, including REITs, ETFs, 1031 exchange strategies, and separately managed accounts. The launch of the Gold Protected Bitcoin Fund extends the firm’s product lineup into structured digital asset exposure with an eye on capital preservation. It also reflects a growing trend among asset managers seeking to introduce crypto-linked vehicles that incorporate risk mitigation and alternative collateral frameworks.

Sumsub has announced the first public integration of Sumsub ID with Solana’s new Attestation Service, marking a move toward interoperable, reusable digital identities on-chain. The live demonstration, held at the Solana Accelerate event in New York, showcased a full identity verification workflow tied to a self-hosted Solana wallet. Sumsub ID is part of a product suite released in March 2025 under the company’s Reusable Digital Identity initiative. It enables users to complete identity checks once and reuse their verified data across multiple platforms and services within Sumsub’s client ecosystem. The integration with Solana now adds a public, verifiable layer to that identity via blockchain-based attestations. “A key first stepping stone in the evolution of Sumsub’s reusable digital identity offering” The demonstration used Roam, an e-SIM provider, as a test case. A user initiated the process by verifying their identity through Sumsub and creating a Sumsub ID. That verified profile was then connected to a Solana self-hosted wallet. Sumsub issued an on-chain attestation tied to the wallet, which Roam later read to confirm the user’s pre-verified status when they applied for an e-SIM. The verification was done without requiring the user to repeat the entire onboarding process. According to Sumsub, this integration is designed to support a growing demand in Web3 for verifiable credentials that are efficient, secure, and compatible across different platforms. Reusable identity credentials are seen as an answer to fragmented Know Your Customer (KYC) workflows across DeFi, gaming, and Web3 marketplaces. Ilya Brovin, Chief Growth Officer at Sumsub, commented, “This integration with Solana’s Attestation Service marks a key first stepping stone in the evolution of Sumsub’s reusable digital identity offering. This is not just a step forward in simplifying identity verification and compliance processes – it’s about unlocking a seamless experience for users while helping businesses scale securely across Web3 ecosystems. By eliminating unnecessary friction and offering a fast, secure way to validate credentials, we’re not only reducing friction for Web3 users but also empowering organizations to combat fraud and maintain high standards of security.” The Solana Attestation Service (SAS) allows any verified credential to be written to the blockchain and linked to a user’s Solana wallet. The protocol can be used to confirm proof-of-verification without exposing personal data. Future plans include integration of privacy-preserving verification methods such as Zero-Knowledge (ZK) Proofs. Sumsub says that its solution can reduce user onboarding time by up to 50% and improve conversion rates by 30%, especially in high-friction environments like financial services, crypto platforms, and tokenized asset offerings. Solana, which developed SAS as part of its push to formalize identity infrastructure within its Layer 1 blockchain, has promoted the protocol as a lightweight way to support trust across applications without compromising decentralization or security. This latest move highlights Solana’s ongoing efforts to bridge on-chain utility with real-world compliance tools. Sumsub’s integration not only showcases the protocol’s flexibility, but also raises the possibility that identity verification could become a shared, composable resource in the Web3 stack. Other potential use cases include NFT marketplaces, on-chain subscriptions, token sales, gaming platforms, and decentralized social media, where trusted identity can reduce abuse, simplify user flows, and ensure eligibility without repeated KYC submissions. Sumsub’s Reusable Digital Identity model may offer a path forward for developers seeking to balance regulatory compliance with privacy-preserving infrastructure. As more businesses look for ways to scale onboarding in Web3, on-chain attestations could emerge as a standard mechanism for trust. Sumsub, founded in 2015, serves clients across fintech, crypto, transportation, and marketplace sectors. The company provides AML, KYC, KYB, transaction monitoring, and fraud prevention solutions. Solana continues to support protocol-level tools aimed at enhancing scalability and utility across its ecosystem.

Cantor Fitzgerald has entered into a definitive agreement to acquire the O’Connor alternatives investment platform from UBS Asset Management, adding approximately $11 billion in hedge fund, private credit, and commodities strategies to its asset management division. The acquisition, set to close in the fourth quarter of 2025 subject to regulatory approvals, will significantly expand Cantor Fitzgerald Asset Management’s footprint in alternative investments. O’Connor will operate as a distinct unit within Cantor Fitzgerald Asset Management (CFAM), reporting to Bill Ferri, Global Head of CFAM. Ferri was a founding member of the O’Connor business at UBS and brings direct experience to the integration effort. The existing investment and support teams from O’Connor will transition to Cantor Fitzgerald as part of the transaction. Long-term commercial arrangement between CFAM and UBS Asset Management Brandon Lutnick, Chairman of Cantor Fitzgerald, said, “The acquisition of O’Connor is transformational for our asset management business and demonstrates our commitment to investing in attractive growth businesses. With our leadership team’s deep familiarity with O’Connor, we are well-positioned to build upon the business’s strong foundation and drive its next phase of growth.” The deal includes a long-term commercial arrangement between CFAM and UBS Asset Management. O’Connor strategies will continue to be available to UBS Global Wealth Management clients, as well as institutional and high-net-worth investors globally, subject to customary due diligence and oversight. Kyle Lutnick, Executive Vice Chairman of Cantor Fitzgerald, commented, “We see this as a high-conviction investment in our future—a bold step forward as we expand our reach and double down on delivering meaningful impact and services to our clients.” Founded more than 25 years ago, O’Connor is known for its institutional trading experience and focus on relative value investing, risk management, and alternatives exposure. Its strategies span hedge funds, private credit, and commodities and are targeted at institutional and ultra-high-net-worth clients. Bill Ferri said, “Acquiring the O’Connor business is a transformative opportunity for CFAM to deliver world-class hedge fund, private credit, and commodities investments to clients globally. We believe our knowledge of and experience with O’Connor uniquely positions us to grow this business, focusing on attracting and retaining investment talent, investing in a flexible, unconstrained operating platform, and delivering attractive risk-adjusted outcomes and best-in-class client service.” UBS Asset Management cited cultural and strategic alignment as a key consideration in the transaction. Aleksandar Ivanovic, President of UBS Asset Management, said, “Our priority has been to select a buyer with complementary capabilities, culture and leadership team. We believe that Cantor Fitzgerald is strongly placed to take the O’Connor business forward.” Blake Hiltabrand, Global Head of O’Connor, added, “This marks a pivotal new chapter for our business. As a cornerstone of Cantor Fitzgerald’s alternative investment platform, the O’Connor team is excited about the opportunity to invest in and expand our capabilities while staying true to our roots as fundamental investors.” The acquisition comes as Cantor Fitzgerald continues to grow its global asset management platform, which currently oversees approximately $14.8 billion across multiple vehicles including mutual funds, ETFs, REITs, and private investment products. The addition of O’Connor brings Cantor Fitzgerald closer to its strategic goal of scaling differentiated asset management capabilities that align with institutional demand for alternative strategies.

Retaining its Bitcoin holdings, El Salvador has signed a $1.4 billion loan arrangement with the International Monetary Fund (IMF), pledging budgetary improvements. The deal coincides with the country of Central America trying to balance its economic difficulties with a continuous dedication to cryptocurrencies. IMF Deal and Fiscal Restructuring A joint statement by IMF officials Rodrigo Cubeddu and Luis Torres claims that El Salvador’s early performance under the program funded by the IMF has been good.  While implementing changes in financial resilience and governance, the nation has reached important milestones in reserve and fiscal matters.  “The authorities have made major progress in implementing their economic reform plan under the IMF-supported program,” the IMF delegation said. Most of the program milestones for the first review were easily satisfied, and structural benchmark implementation is going forward nicely. Supported by strong remittance flows and increasing investor confidence, the officials also pointed out that El Salvador’s economy has kept rising. To correct macroeconomic imbalances and promote sustainable economic development, they underlined the need for ongoing efforts in structural improvements and financial simplification. Under the agreement, El Salvador will seek policies of fiscal tightening. This covers changes to the civil service and pension systems, slowed current spending, and cuts to the public pay bill.  The forthcoming Fiscal Sustainability Law will support these initiatives since the government wants to boost foreign reserves by raising central bank deposits. The backing of the IMF emphasizes the need for these changes to guarantee macroeconomic stability and increase trust in the economic situation of El Salvador. Bitcoin Remains Part of El Salvador’s Financial Landscape The IMF underlined its worries over El Salvador’s Bitcoin approach, even if financial reforms have made improvements. According to the IMF report, efforts will keep making sure that the overall quantity of Bitcoin kept in all government-owned wallets stays the same. This implies that the nation will not buy more Bitcoin in the foreseeable future, even if it is not selling up its holdings. The IMF also underlined continuous attempts by the public sector to phase out Chivo wallet involvement by the end of July. Launched in 2021 to encourage Bitcoin acceptance throughout the nation, the government-backed digital wallet known as Chivo’s phase-out marks a major change in line with the IMF’s insistence on restricting the direct influence of the state on the Bitcoin ecosystem. The Path Ahead The $1.4 billion agreement was finalized in December 2024, with restrictions on the country’s crypto-related operations underlined. These requirements meant that public sector participation in related activities should be limited and that Bitcoin acceptance in the private sector of El Salvador remains voluntary.  Later on, the national policy included this framework thanks to changes to the Bitcoin Law enacted by the Congress of El Salvador. Subject to future evaluations depending on the nation’s commitment to stipulated budgetary and structural reforms, the IMF Executive Board authorized the financing agreement in February 2025, therefore permitting an initial release of $120 million. Although the loan will offer vital financial help, El Salvador will rely especially on the next months to combine its ambitious innovations with the severe criteria for the economic stability of the IMF. The route forward for the country in the changing global financial order could depend on its capacity to satisfy these reforms while keeping Bitcoin as part of its financial scene.

Chris Larsen, co-founder of Ripple, a San Francisco-based blockchain business, has openly stated that the contentious “Change the Code” campaign aiming at changing Bitcoin’s energy-intensive proof-of-work (PoW) consensus mechanism did not get funding from Ripple. Supported by the environmental group Greenpeace, the early 2023 campaign sought to drive Bitcoin to embrace less energy-consuming technology, including proof-of-stake (PoS). Advocates of Bitcoin who see this as a danger to the security and decentralization of the coin have spoken strongly negatively about this action. A Personal Initiative, Not Ripple’s Corporate Action Chris Larsen underlined in a recent essay that his personal support should not be mixed with Ripple’s business stance. He verified that although he personally sponsored the campaign, Ripple itself did not participate in any way. “My aim was to find if there was any way to make Bitcoin an accelerator for direct air capture,” Larsen said. “It’s okay; the campaign didn’t go as planned.” Notably, though, Ripple did not provide funding for this campaign. Using statistics from the University of Cambridge, Larsen also highlighted positive trends in the environmental impact of Bitcoin mining towards the use of hydro, wind, and nuclear energy sources. He also mentioned that some Bitcoin miners are currently doing mining activities on surplus energy, such as flaring gas that would otherwise be wasted. Ripple’s Symbolic Gesture Sparks Debate Though Larsen’s explanation helps to clear things up, Ripple’s gift of the “Skull of Satoshi” sculpture has sparked rumors about the company’s position once more. Previously utilized as an environmental critique of Bitcoin, the monument was recently given to the Bitcoin community by Ripple during the Las Vegas Bitcoin Conference. Emphasizing the need for unity in the crypto sector and stressing the position of Bitcoin as a resilient system, Ripple CEO Brad Garlinghouse called the gesture an “olive branch.” He said the gesture was meant to remind everyone that “the industry’s different communities have more in common than not.” Dissenting Voices in The Crypto Community Head of Digital Assets at VanEck, Matthew Sigel, questioned the gift, writing it off as a token gesture. Asking sharply on social media, “Is that your apology?” he demanded a formal apology for sponsoring Greenpeace’s anti-bitcoin initiatives. Some Bitcoin supporters are still dubious as the campaign’s website is still live, and Ripple’s symbolic action does not change the impression that Ripple has been critical of the environmental impact of Bitcoin. Reacting to detractors who called XRP centralized, Ripple CTO David Schwartz also defended its decentralization. Broader Debate Over Bitcoin’s Energy Use The “Change the Code” campaign has stoked a continuous discussion among crypto enthusiasts about the energy consumption of Bitcoin. Advocates of the PoW system of Bitcoin contend that decentralization and network security depend on it.  Critics, notably environmentalists, contend that over time, the high energy prices are unsustainable. Larsen’s explanation seeks to separate his personal environmental campaigning from Ripple’s business operations. Still, the argument over Bitcoin’s sustainability and energy use remains a main concern for the larger crypto community.

Singapore, Singapore, May 29th, 2025, Chainwire Foresight Ventures has released a comprehensive overview of the recently enacted GENIUS Act, a landmark U.S. legislation poised to redefine stablecoin regulation. The analysis underscores the Act’s potential to lower operational barriers, enhance compliance standards, and solidify the U.S. dollar’s position in the digital economy, with significant implications for startups and emerging fintech companies. The GENIUS Act introduces a dual-licensing regime, allowing stablecoin issuers to operate nationwide with a single state license recognized as “substantially equivalent” by federal authorities. This streamlines the regulatory process, reducing the need for multiple state licenses and fostering a more conducive environment for innovation and competition. A critical provision of the Act mandates that all reserves backing stablecoins be held as bankruptcy-remote trust assets. This ensures that, in the event of an issuer’s insolvency, stablecoin holders have first-priority claims, thereby enhancing user protection and trust in digital financial instruments. The legislation also prohibits the payment of interest to end-users, distinguishing stablecoins from securities and deposit products. However, it permits issuers to utilize reserve interest for business development initiatives, such as marketing incentives, provided these do not constitute direct interest payments to holders. By requiring a 1:1 backing with U.S. dollars and highly liquid assets, the GENIUS Act reinforces the dollar’s role as the world’s digital settlement currency. Fully collateralized stablecoins, like Agora’s AUSD in the company’s portfolio —backed by cash, U.S. Treasuries, and overnight repos, with reserves held in bankruptcy-remote trusts and managed by reputable custodians—set a new global standard for transparency and security. “The GENIUS Act represents a significant advancement in stablecoin regulation, providing clarity and fostering innovation,” said Zac Tsui, Investment Director at Foresight Ventures. “Startups and fintech companies are now better positioned to develop compliant, secure, and user-centric financial solutions that can scale globally.” Foresight Ventures continues to support its portfolio companies in navigating the evolving regulatory landscape, ensuring they are well-equipped to leverage new opportunities and contribute to the advancement of the digital financial ecosystem. The full GENIUS Act overview report is now available at: LINK About Foresight Ventures Foresight Ventures is the first and only crypto VC bridging East and West, and a Top 5 active crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. The premier media network under our portfolio includes The Block, Foresight News, BlockTempo, and Coinness. We aggressively invest in the most daring innovations. We are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond. For more information, users can visit: Website | Twitter | LinkedIn For media requests, users can contact media@foresightventures.com. Contact PR team media@foresightventures.com Disclaimer: This content is provided by a sponsor. FinanceFeeds does not independently verify the legitimacy, credibility, claims, or financial viability of the information or description of services mentioned. As such, we bear no responsibility for any potential risks, inaccuracies, or misleading representations related to the content. This post does not constitute financial advice or a recommendation and should not be treated as such. We strongly advise seeking independent financial guidance from a qualified and regulated professional before engaging in any investment or financial activities. Please review our full disclaimer for more details.

The Finance Ministry of Kyrgyzstan has disclosed important information regarding the forthcoming stablecoin, USDKG, which will be supported by actual gold holdings. With this declaration, the country’s attempts to bring blockchain-based financial innovations meant to improve economic stability and confidence in digital currencies go further. What is USDKG? Designed to mix the inherent value of gold with blockchain technology, USDKG is a recently created stablecoin. Aiming to offer a more consistent and dependable digital asset, USDKG’s value will be linked to physical gold, unlike conventional cryptocurrencies that can suffer great volatility. The Finance Ministry claims that every USDKG token will be directly backed by a precise quantity of gold kept in safe vaults, therefore assuring that its value represents actual assets. This strategy is supposed to make USDKG a safe refuge for users trying to escape the severe swings seen in many digital currencies, as well as for investors. Mechanism of Gold-Basking Clarified The Ministry reported that the state depository of the Kyrgyz Republic will hold the gold reserves supporting USDKG. This guarantees customers of the stablecoin’s security and openness. Every token created will match a predetermined amount of gold, so the stablecoin is totally collateralized using tangible assets. Regular audits will be carried out, the Finance Ministry underlined, to confirm the gold reserves versus the USDKG token count in use. This mechanism seeks to keep public trust in the stablecoin by means of which any differences between the digital tokens and their underlying gold value are avoided. Strategic Advantages For Kyrgyzstan’s Economy Launching USDKG fits the larger plan of the Kyrgyz government to modernize the financial industry and support digital innovation, officials said. Especially for people underprivileged by conventional banking systems, the stablecoin could improve transaction efficiency, lower costs, and increase financial inclusion by using blockchain technology. Moreover, the gold backing is expected to draw investors searching for safe digital assets with real value, thus generating interest from all around Kyrgyzstan and capital into their economy. Future Plans and Implementation  The Finance Ministry said that USDKG is under development right now and that it plans to introduce the stablecoin on a blockchain platform soon. The next months will bring information on the particular blockchain to be utilized and the public release schedule. Banks and other financial institutions, among other stakeholders, are involved to guarantee the stablecoin’s fit into the current financial system. The Ministry expressed hope that USDKG would be a model for other Central Asian nations looking to mix blockchain innovation with conventional assets. The release of USDKG represents significant progress towards financial innovation initiatives in Kyrgyzstan. The Finance Ministry hopes to solve the volatility problems of traditional cryptocurrencies by introducing a gold-backed stablecoin, providing a transparent, asset-backed digital currency. USDKG can become a major actor in the changing digital banking ecosystem of the region as the project moves towards launch.

Along with the special Supernova Program, KuCoin, a global Bitcoin exchange, has announced the introduction of its copy trading tool. With this tool, KuCoin will pursue advancing its goal to simplify crypto trading and foster a vibrant community of traders. Simplifying Crypto Strategies: Copying Trading The official announcement of the exchange claims that the new copy trading feature is meant to let customers automatically replicate the real-time deals of successful lead traders. This tool removes the need for manual trading execution and gives access to professional tactics, therefore serving both new and experienced investors. Using copy trading will let consumers diversify their portfolios and expose themselves to tested strategies with little work required. “We are starting copy trading to create a stronger community where beginners and seasoned traders can coexist,” said KuCoin CEO BC Wong. “It’s about bridging the gap and providing a forum where knowledge and success are shared, so generating mutual benefit.” Modern Technology and Improved Characteristics The matching engine and strong API of KuCoin enable the copy trading system to guarantee accurate and effective deal replication. Users have two different copy options: set amount and fixed ratio. KuCoin has included a 0.5% slippage prevention mechanism to help with efficient risk management by reducing the effect of price variations during quick changes in the market. Underlying this system and supporting over 300 crypto futures contracts is KuCoin’s sophisticated futures infrastructure. This covers coin-margined contracts, USDT-, and USDC-, giving consumers a wide spectrum of tools to fit their trading plans. Introducing The Supernova Program Along with the copy trading debut, KuCoin has launched the Supernova Program, an effort meant to empower top traders and maximize mutual advantages. Top traders are eligible for this program, which provides a share of the produced profits together with the first trading funds. Both lead traders get recognition for their performance and knowledge, and followers have access to polished techniques. By encouraging openness and mutual development, the Supernova Program is supposed to improve the trading experience for every member. Trust and Security From Inside KuCoin has always given security first importance. To guarantee data integrity, the platform uses sophisticated encryption technologies, two-factor authentication for increased account safety, and cold storage to defend assets. Furthermore, supporting Kucoin’s reputation as a reliable exchange is its launch. Recently, the corporation restated its commitment to rebuilding trust in the broader crypto industry with its $2 billion-backed “Trust Project. KuCoin keeps building confidence among millions of users worldwide by mixing creative trade solutions with strong security systems. A Vision For The Future Launching copy trading and the Supernova Program reflects Kucoin’s long-term goal: to democratize crypto trading by providing everyone with advanced capabilities. KuCoin is building the future of crypto trading—interactive, efficient, and safe—by letting individuals access professional tactics and supporting a cooperative trading community. KuCoin’s latest products show its relentless dedication to closing the gap between experienced traders and newbies as the digital asset ecosystem keeps expanding and changing. This ensures that everyone, regardless of expertise, has the opportunity to engage in the dynamic world of crypto trading.

Bitcoin mining company Cango Inc. (NYSE: CANG) has closed sales of its business activities in China. Completed with Ursalpha Digital Limited on May 27, 2025, the deal, valued at around $351.94 million, represents a radical turn in Cango’s long-term plan to control the worldwide Bitcoin mining market. A Cango spokesman said, “This transaction lets us completely commit our operational and financial resources to Bitcoin mining and hasten our worldwide development.” “This is a crucial stage since we are changing our company and getting ready for expansion.” Global Bitcoin Mining Ambitions  By separating its PRC operations, Cango releases large funds and positions itself to increase mining activities in strategic areas, including North America, the Middle East, South America, and  East Africa. Using strong infrastructure and supportive policies, the company feels these areas offer the ideal setting for growing Bitcoin mining activities. Driven by blockchain technology developments and increasing acceptance of digital assets, Cango entered the crypto asset market in November 2024. The change shows the company’s will to lead worldwide in the industry and its faith in the long-term viability of digital currency. The spokesman said, “We are strongly committed to this new direction and are moving fast to use our resources and grab new possibilities in digital finance.” Strengthened Board For a New Era Together with the sale, Cango has reinforced its Board of Directors by adding two new members beginning May 27, 2025. These directors contribute a great deal of fintech, artificial intelligence, Web 3.0, and global capital markets knowledge, sectors directly related to Bitcoin mining and the larger crypto economy. “The inclusion of these very seasoned people supports our dedication to creativity,” the spokesman stated. “Their knowledge will direct us as we negotiate the complexity of the worldwide digital finance scene and seek long-term expansion.” The appointments show Cango’s proactive attitude to leadership and its willingness to keep at the forefront of developing technology. Regulatory Path Forward First announcing the sale of its PRC businesses on April 3, 2025, Cango got shareholder approval on May 16, 2025. Cango intends to seek to have its “China Concept Stock” status revoked by the China Securities Regulatory Commission (CSRC) when the deal closes. This regulatory modification will help Cango better match its company identity with its revised business orientation. In a digital finance market growingly competitive, industry analysts view this exit as a wise action. Cango can fully profit from the growing worldwide market for Bitcoin and blockchain uses by divesting its conventional business in China. Focused on The Future Cango’s leadership believes the move is not only a reallocation of assets but a transformative step to consolidate its position as a key player in Bitcoin mining worldwide. The company is ready to seize fresh prospects and generate long-lasting profit for investors as regulatory systems change and Bitcoin acceptance rises.  Through this sale and improved board composition, Cango is positioning itself for long-term expansion and leadership in the digital asset domain.

Circle has frozen over $57 million worth of USDC tied to wallets connected to the controversial Libra memecoin, which became the subject of a legal battle and political fallout in Argentina. According to on-chain data shared by Arkham Intelligence and later confirmed by legal filings, two Solana-based wallets—one holding $44.6 million and another $13 million—were frozen on May 28 by Circle following a U.S. federal court order. The freeze comes amid a class-action lawsuit filed in the Southern District of New York, accusing crypto venture firm Kelsier Ventures and its co-founders of orchestrating a fraudulent scheme involving the Libra token. Plaintiffs allege more than $100 million was siphoned from investors through deceptive liquidity pools. A temporary restraining order was granted by the Manhattan court at the request of Burwick Law, the firm representing the plaintiffs. A hearing is scheduled for June 9 to decide whether the freeze will be extended. Circle has not commented publicly on the matter. Milei, Memecoins, and Political Blowback Launched on Solana, the Libra token climbed in February after Argentine President Javier Milei posted a link to the token on social media, touting it as a tool for small business development. The endorsement sent Libra’s market cap soaring to $4 billion—only for it to collapse by more than 90% within hours. Milei later distanced himself from the project, claiming he had no prior knowledge of its mechanics and denying any intent to promote investment. Hayden Davis, CEO of Kelsier Ventures and reportedly an advisor to Libra, has since claimed he paid Milei’s sister to secure the president’s public support. In a video posted to X, Davis also claimed to be an advisor to the president, a statement now under scrutiny. A photo of him with Milei, originally posted on the president’s X account in January, has also been deleted. Davis later admitted in an interview with YouTube investigator Coffeezilla that he holds over $110 million from the token’s launch—$100 million in stablecoins and $13 million in liquidity provider fees. Following public outcry and fraud accusations from opposition lawmakers, Milei’s administration disbanded the investigative task force assigned to probe the Libra case on May 19. No formal charges have been brought against Milei or government officials involved. Still, critics accuse the government of burying the investigation. “They’re protecting each other,” said Itai Hagman, an opposition lawmaker, in a May 20 social media post. “There was never a real investigation.”

Broadridge Financial Solutions has announced the appointment of Gemma Cowie as Head of Global Growth Solutions within its Data and Analytics business. She will be based in London and report to Nigel Birch. Cowie will lead a team focused on providing asset managers with data-driven tools to support growth and improve distribution strategies. Her remit includes the delivery of advanced intelligence capabilities and insights to support global client needs. “Data has become central to shaping competitive advantage and delivering value for clients” Nigel Birch, Head of Data and Analytics, Global, commented, “Gemma brings deep experience in strategy, distribution and product development, and her appointment better strengthens Broadridge’s capability to solve clients’ most pressing product, strategy, and distribution challenges. Gemma’s global perspective and track record in product and strategy leadership roles at some of the world’s leading asset managers will be instrumental as we continue to expand our solutions and form deep enterprise partnerships with our clients.” Before joining Broadridge, Cowie was Head of Strategy at Royal London Asset Management. She previously held senior roles at Neuberger Berman, Aviva Investors, Henderson Global Investors, and Chase Manhattan Bank. Gemma Cowie commented, “I’m delighted to join Broadridge at such a pivotal time. Data has become central to shaping competitive advantage and delivering value for clients. Having previously led teams where Broadridge was a core part of our intelligence infrastructure, I’m looking forward to working more closely with the people and platforms that power those capabilities, and to advancing our proposition to support clients globally.” Her appointment follows a series of recent hires across Broadridge’s Data and Analytics unit. The business continues to build expertise in support of its strategy to equip asset managers with tools for simplifying operations, adapting to change, and scaling distribution globally. Broadridge has expanded its data and analytics offering over the past year. Its recent focus includes developing cross-border distribution intelligence, ESG fund data capabilities, and AI-supported client engagement tools. These developments reflect a broader shift in asset management toward scalable insights, cost optimization, and integrated infrastructure. The firm supports clients across the investment lifecycle, offering data solutions that inform strategy, product innovation, regulatory compliance, and operational execution. Cowie’s hire strengthens Broadridge’s positioning in a market where demand for intelligent distribution support is accelerating, particularly as asset managers face fee pressure and increased complexity across geographies.

Bitget has announced the listing of Ripple USD (RLUSD) on its spot trading platform. The move brings the enterprise-grade stablecoin into one of the most active crypto exchanges, supporting the growing role of regulated digital assets in decentralized finance and institutional blockchain use cases. RLUSD is a USD-pegged stablecoin issued by Ripple and backed 1:1 with U.S. dollars and cash equivalents. It is natively available on both the XRP Ledger and Ethereum, offering interoperability and leveraging the compliance strengths of Ripple’s NYDFS-chartered limited purpose trust company. “RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company” Gracy Chen, CEO of Bitget, commented, “We’re excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto. RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today’s evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.” Bitget said the listing reflects its ongoing efforts to prioritize high-utility digital assets and position its spot market as a curated venue for real-world blockchain adoption. RLUSD’s introduction comes at a time when stablecoins are increasingly used for on-chain settlements, liquidity provision, and payment applications. The exchange supports over 900 crypto trading pairs and connects users to multiple blockchain ecosystems, including Ethereum, Bitcoin, Solana, Base, and TON. The addition of RLUSD signals Bitget’s intent to expand into tokenized finance use cases, including institutional trading, enterprise blockchain integration, and programmable payments. Bitget’s listing of RLUSD also aims to respond to the demand for more transparent and compliant stablecoins, particularly among developers and institutional traders navigating a volatile and heavily scrutinized market. As stablecoins continue to gain traction in tokenized assets and Web3 platforms, RLUSD adds another regulated alternative for users seeking predictable, dollar-pegged value on-chain. The listing is live on Bitget’s spot trading platform, providing new access routes to RLUSD amid heightened interest in stablecoin adoption across the crypto economy.

Telegram has raised $1.7 billion through a five-year convertible bond offering, using the bulk of the proceeds to buy back existing debt while setting aside funds to support operations and expansion. Of the total raised, $955 million will go toward repurchasing bonds due in 2026, according to Bloomberg. The remaining $745 million will give the messaging platform additional liquidity as it scales its business. The new bonds give investors the option to convert into equity if Telegram goes public before maturity. In that case, the notes would convert at a 20% discount to the IPO price. Telegram’s tender offer closed on May 28, with settlement expected by June 5. The deal attracted both returning backers—such as BlackRock and Abu Dhabi’s Mubadala—and new names including hedge fund Citadel. The bonds carry a 9% coupon, up from the 7% attached to Telegram’s $2.35 billion bond sale in 2021. Telegram now boasts more than 1 billion users globally. The company crossed $1 billion in annual revenue last year and holds more than $500 million in cash, not including crypto holdings, Bloomberg said. CEO Pavel Durov was arrested in Paris in August as part of an investigation into Telegram’s role in allegedly enabling illegal activities. However, he insisted that Telegram had gone beyond what was legally required in content moderation and crime prevention. “There is nothing our billion-strong community can’t overcome,” he added. The CEO reassured users that Telegram’s core principles remain unchanged. The company continues to balance local legal compliance with its mission to protect activists and ordinary users from oppressive governments or corporations, ensuring that criminals cannot exploit the platform. Pavel Durov confirmed in October that the platform has been disclosing IP addresses and phone numbers of criminals to authorities since 2018. Durov added that this process is not new, stating that Telegram has long responded to properly formed legal requests from authorities across most countries. These disclosures are made when users are involved in criminal activities, aligning with Telegram’s privacy policies. For instance, in Brazil, Telegram fulfilled 75 legal requests in Q1 2024, and in India, its largest market, the company satisfied 2461 legal requests in the same period.

Introduction Worries among investors are building as bond markets are raising alarm in major economies. Moody’s lowered the United States’ credit rating on May 16 as Japanese 20-year bond yields reached their highest levels in many years. In the UK, gilt yields shot up nearly to 5.5%, their highest since 1995, causing worry over more government debt. The company studies the effects these changes might have on the global financial markets. An Increasingly Dangerous Financial Situation The national debt in the U.S., a known problem, is getting noticed again by investors. For years, predictions of a dollar crash or default by the US have gone unfulfilled, but recent events indicate that more people are concerned about this now. ‘On current trends, U.S. national debt is projected to reach $37 trillion in two weeks and may reach $40 trillion by the end of the year. This trend cannot continue forever. The Fed’s [Federal Reserve] printing press may have no limit, but market patience does have its limit’, says Kar Yong Ang, a financial market analyst at Octa broker. Market tension has gone up right along with the rise of CDS spreads which signal rising risk for countries. Spreads on U.S. debt caused by CDS reached their highest point since negotiations around the 2023 debt ceiling. This was also the case after the U.S. House approved the $3.8 trillion One Big Beautiful Bill Act and Moody’s downgraded the country’s credit rating. So, 20-year Treasury yields went higher than 5% for the first time in nearly three years on May 21. 5-Year Credit Default Swaps Source: LSEG Kar Yong Ang comments: ‘Policy uncertainty is all over the place. Tariffs, tax bill, debt ceiling. No wonder investors charge a premium for holding the debt of a country, which is not in a ‘triple-A club’ anymore. Investors want higher yield in order to provide long-term lending in the current uncertain climate’.    In January, the U.S. hit its debt limit, so temporary steps are being used to keep the government from defaulting. If the emergency steps end between late August and early September, it could mean the government may not be able to pay its bills. Yields on 20-Year Government Bonds Source: LSEG Changing yields are seen in more countries too. Their regular longer-term bond sales are experiencing a decline in demand now. With just 2.50 bids per Y20 trillion made, Japan’s auction of 20-year bonds on May 20 was its worst showing in years, as prices were far below forecasts. ‘Japan’s auction signals poor liquidity and weak interest in new long-term securities as investors are concerned about excessive profligacy. It seems to me that the BoJ wants to stop buying bonds at the worst possible moment. Who is going to replace it?’, rhetorically asks Kar Yong Ang, referring to BoJ plans to taper its massive bond purchase programme. With YCC now finished and the benchmark interest rate at 0.5% after being -0.1%, the BoJ is engaged in quantitative tightening. Despite higher pay and cost of living, these policies are straining the demand to buy government debt. A government policy of injecting ¥21.9 trillion through a stimulus package and another ¥388 billion to meet U.S. tariffs could put more pressure on its borrowing need. ‘Investors are sending a very clear message: if we are the only ones left to finance these spending plans, then we demand higher returns’, concludes Kar Yong Ang. According to Octa, this view appears in Rosstat’s statistics from different parts of the country. Similar concerns about surplus borrowing are being seen in the UK now that yields are rising. As governments start spending more and central banks do less in bond markets, investors try to handle the increased risks they’re seeing. Conclusion There are strong signals of increasing strain in bond markets in the U.S., Japan and the UK. A higher yield, less demand in auctions and wider CDS spreads all show that people are increasingly concerned about how the country’s finances will hold up. Mr. Kar Yong Ang, from Octa, points out that changes in markets in one country can easily reach others. Domestic bond investments by Japanese banks could cause the Treasury to be sold off, making the current situation even more unstable. The next choices by central banks could be very important. The Bank of Japan’s meeting on June 17 will clarify how it will reduce its balance sheet. Analysts now predict that interest rates will fall by six to seven percent within two years. But if there are type of measures taken, it could boost the feeling that markets are heading towards risk aversion. Traders should note that CFDs or Contracts for Difference, present a high level of risk and are unsuitable for some people. Trading without proper calculation and control increases your chances of losing money. Never speculate with funds you can’t afford to lose and always check your tolerance for risk. About Octa Since 2011, Octa has operated on the global market as an online broker. Because Octa has helped more than 52 million people open accounts worldwide, the platform offers easy access to financial markets without charging commissions. The broker helps clients learn more about the market, analyses it for them and offers tools to help them achieve their investment goals. Octa supports global projects to improve schools and to provide aid during emergencies. The firm has won more than 100 awards such as being chosen as “Most Reliable Broker Global 2024” by Global Forex Awards and “Best Mobile Trading Platform 2024” by Global Brand Magazine.

Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, has called on African policymakers and capital market stakeholders to abandon outdated development models and instead prioritize homegrown capital, technology-driven integration, and stronger regional partnerships. Speaking at the 2025 Annual Meetings of the African Development Bank in Abidjan, Popoola said Africa’s economic resilience depends less on foreign assistance and more on strategic domestic capital mobilization. “The capital we often seek abroad already exists within our borders” “When foreign capital dried up and domestic capital stepped in to fill the void, it revealed something powerful: the capital we often seek abroad already exists within our borders. What is needed now is intentionality and a clear plan to mobilise and deploy it effectively,” he said. Popoola argued that the continent must focus on three areas to shift its growth trajectory: intentionality, financial literacy, and tech-enabled inclusion. He urged institutions to “speak the language of capital” by building investor-centric policies and infrastructures that reflect local realities. “Foreign capital follows local commitment,” he added. “When African institutions lead with clarity and confidence, others follow. But we must first trust and invest in ourselves.” Drawing from his leadership of NGX Group, Popoola also addressed the need to dismantle barriers to intra-African investment. He referenced the African Exchanges Linkage Project, which connects multiple stock exchanges across the continent, as a model worth expanding. “We already have the templates, the tools, and the capital. It’s time to act with intent and scale what works,” he said. He highlighted Nigeria’s InfraCredit as a case study in how institutional capital can be mobilized for infrastructure without relying on international aid or private equity from abroad. “This is a local solution solving a local financing challenge. We need more of that mindset,” he said. Popoola’s remarks came during a symbolic edition of the AfDB Annual Meetings, the last under the leadership of outgoing President Dr. Akinwumi Adesina. Under Adesina’s tenure, the Bank increased its capital base from $93 billion to $318 billion and reportedly impacted over 500 million lives through its programs and financing initiatives. Popoola praised the Bank’s progress but said it must now move faster and deeper into an African-led future. “There’s now a broader awareness that Africa can solve its own problems. The incoming AfDB leadership and all of us across the public and private sectors must build on this momentum to deliver African-led growth.” “Africa must stop waiting for rescue” He closed with a call to action for financial and political leaders: “Africa must stop waiting for rescue. Our capital, our ideas, and our partnerships are the keys to unlocking sustainable development from within.” Popoola’s message echoed an increasingly mainstream belief among African financial executives that dependence on foreign direct investment, concessional lending, or donor-driven development distorts incentives and delays necessary reforms. The shift, he implied, must begin with how African governments, investors, and institutions view their own capacity. The Nigerian Exchange Group, under Popoola’s leadership, has supported several regional initiatives focused on financial inclusion, regulatory reform, and capital market modernization. In recent months, NGX has pursued cross-listings, digital innovation pilots, and broader participation in pan-African integration projects. At the same time, policymakers across the continent are revisiting the structure of public-private collaboration to better support infrastructure, energy transition, and digital economies. The conversation around development finance is shifting from external dependency to internal resource optimization. Popoola’s remarks, though focused on finance, carry broader implications for industrial policy, education, and institutional design. His insistence on mindset over money underscores a wider view that Africa’s untapped wealth is not just in resources, but in rethinking its approach to growth.

Scope Prime has announced an expansion of its product range for the South African market, adding contracts for difference on equities and exchange-traded funds listed on the Johannesburg Stock Exchange. The move strengthens Scope Prime’s presence in the region and signals a broader effort to enhance institutional market access globally. The new offering includes equity CFDs for major South African companies such as Sasol, Naspers, MTN, and Shoprite. It also features ETF CFDs representing key sectors of the South African economy, including mining, telecommunications, and retail. These products will be available through Scope Markets SA (Pty) Ltd, an authorised financial services provider and licensed over-the-counter derivatives provider. CFD trades executed on Scope Prime are exempt from South Africa’s Securities Transfer Tax and ownership-related fees Daniel Lawrance, CEO of Scope Prime, commented, “This upgrade to our product set in South Africa comes at a pivotal time for the local market. As some other brokers are pulling back from the region, we are doubling down on our commitment to providing better market access globally, including access to JSE-listed equity CFDs. In times of unprecedented market volatility, we know that having reliable counterparties to work with has never been more important.” The offering is designed to reduce costs for institutional clients. CFD trades executed on Scope Prime are exempt from South Africa’s Securities Transfer Tax and ownership-related fees. The broker also handles administrative and regulatory reporting obligations, easing the operational burden for clients. Real-time pricing is provided through integration with Iress, a technology vendor used by brokers and financial institutions worldwide. The pricing structure is based on live exchange data to ensure transparency for Scope Prime’s clients. This latest rollout follows Scope Prime’s continued strategy of broadening its liquidity and infrastructure footprint in key global markets. The brand, operated by Rostro Financial Group, provides institutional liquidity solutions and aims to support trading operations in both developed and emerging financial markets. The South African product expansion marks a notable shift at a time when other firms have scaled back operations in the region. By contrast, Scope Prime is increasing its engagement, offering regulated, exchange-linked trading products in a jurisdiction where investor interest in listed equities and ETFs remains strong.

iSAM Securities has revealed it is establishing a new office in Limassol, Cyprus. In addition to having a lively financial market and highly skilled labor, Cyprus’ important location supports iSAM Securities’ vision to grow and innovate in the long run. The newly opened Limassol office will improve the firm’s services in Europe, the Middle East and Africa by adding the Apex liquidity bridge and Radar risk analytics platform to its suite of technologies. By doing this, iSAM Securities is making a big step toward growing its business worldwide. Cyprus includes experienced staff skilled in assisting brokers who offer multiple investment assets. Because of their excellent technical, operational and commercial experience, these specialists make sure the group’s products are advanced and meet what institutions require. Professionals in the firm who are experienced traders have built the company’s solutions which means they are advanced and suited for real-world operations. Dennis Weissert, Chief Commercial Officer, iSAM Apex commented, “The opening of our Cyprus office marks an exciting milestone for iSAM Securities as we continue to grow our global presence to provide first-class client support. We are proud of the strong technological offering that we can bring to the market. Having exceptionally knowledgeable teams in each of our offices enhances the continued development of Apex and Radar, and enables us to better service institutional clients, across multiple time zones.” The Cyprus office is a very strong addition to iSAM Securities’ existing presence across London, Hong Kong, Florida, and the Cayman Islands. If you’d like additional details about what iSAM Securities does or if you need to contact them, go to www.isam-securities.com or write to info@isam-securities.com. About iSAM Securities iSAM Securities¹ gives top priority to institutional trading, delivering multi-asset execution, custom trading tools, prime resources and real-time monitoring of risk levels to traders around the world. The FCA, SFC and CFTC control the company, while it is also registered by CIMA. iSAM Securities consist of iSAM Securities (UK) Limited, iSAM Securities (EU) Limited, iSAM Securities (HK) Limited, iSAM Securities (Global) Limited, iSAM Securities Limited and iSAM Securities (USA) Inc.

Sol Strategies Inc., a Canada-based investment firm focused exclusively on the Solana blockchain, has filed a preliminary base shelf prospectus with Canadian securities regulators. This regulatory filing enables the firm to raise up to $1 billion USD over the next 25 months through a range of financial instruments, including common shares, warrants, subscription receipts, units, and debt securities. The primary goal behind this significant capital-raising effort is to deepen the firm’s involvement in the Solana ecosystem. The company has indicated that the proceeds will be allocated toward acquiring Solana (SOL) tokens and expanding infrastructure that supports the network. Although there are no immediate plans to issue securities, the filing provides Sol Strategies with the financial flexibility to capitalize on timely opportunities in a fast-moving digital asset environment. CEO Leah Wald emphasized the strategic nature of the move, stating, “This filing ensures we are positioned to act decisively when the right opportunities present themselves. Our belief in the long-term viability and scalability of Solana drives our strategy.” Building Institutional Muscle in the Solana Ecosystem This isn’t the firm’s first major move in support of Solana. Earlier this year, Sol Strategies secured a $500 million convertible note facility with ATW Partners, a strategic finance firm. From the first $20 million tranche of that agreement, Sol Strategies purchased approximately 122,524 SOL tokens—signaling a deliberate and well-funded accumulation strategy. By positioning itself as a long-term holder of Solana and an ecosystem builder, the firm is drawing parallels to MicroStrategy’s aggressive Bitcoin play. That comparison, while lofty, highlights the growing institutional interest in next-generation Layer 1 blockchains like Solana. The firm’s shares trade under the ticker symbol HODL on the Canadian Securities Exchange, a symbolic nod to its crypto-native orientation. Investor interest in the firm has surged in recent weeks, especially as Solana’s native token has shown strong price performance and increasing developer activity. Institutional Signaling and Ecosystem Impact The timing of the filing comes as broader market sentiment toward Layer 1s continues to improve. Solana, often touted for its speed, low fees, and scalability, has emerged as one of the few Layer 1 chains maintaining high throughput and on-chain activity post-2022. By formally laying the groundwork to raise and deploy $1 billion into the Solana ecosystem, Sol Strategies is sending a strong signal to both institutional and retail markets. It also underscores the increasing importance of infrastructure-focused capital allocation in building and maintaining robust blockchain ecosystems. Industry observers believe this level of commitment could spur additional investment from both public and private funds, further legitimizing Solana as an institutional-grade asset.  

In a landmark move signaling a shift in national economic strategy, Pakistan has announced the establishment of a Strategic Bitcoin Reserve. The announcement came on May 28, 2025, during the Bitcoin 2025 conference in Las Vegas, delivered by Bilal Bin Saqib, the Special Assistant to the Prime Minister on Blockchain and Cryptocurrency. This initiative places Pakistan among a small but growing group of countries adopting Bitcoin as a sovereign asset. The reserve will be maintained in a state-controlled digital wallet and will function as a long-term strategic holding rather than a tradable asset. Saqib emphasized the government’s commitment to holding the asset indefinitely, declaring, “We will never, ever sell,” during his keynote address. This approach mirrors recent developments in the United States, where a similar Bitcoin reserve has been launched under the Trump administration’s second term. The motivation behind this reserve stems from a desire to protect national reserves from fiat currency devaluation and to position Pakistan as a forward-thinking participant in the digital economy. By holding Bitcoin, Pakistan aims to diversify its sovereign assets and insulate itself from traditional financial instability while attracting international attention and investment. Energy and Regulatory Backing for Digital Infrastructure In addition to the reserve, the Pakistani government has committed 2,000 megawatts of surplus energy for use in cryptocurrency mining and artificial intelligence data centers. This bold allocation is designed to attract global Bitcoin miners and Web3 companies, many of which are searching for jurisdictions with low energy costs and regulatory clarity. The government is also laying down the necessary regulatory infrastructure to support this digital pivot. The Pakistan Crypto Council (PCC) has been launched to lead regulatory development and drive public-private collaboration. Notably, Binance co-founder Changpeng Zhao has joined the PCC as an adviser, signaling international interest in Pakistan’s crypto initiatives. Furthermore, the Ministry of Finance has announced the creation of a new Digital Asset Authority tasked with licensing and supervising digital asset service providers. This move is expected to provide much-needed clarity and oversight in a region that has long grappled with regulatory uncertainty around cryptocurrencies. Analysts believe these developments could help Pakistan improve its economic resilience, attract foreign direct investment, and foster innovation in the financial sector. They also note that integrating digital assets into sovereign strategy is increasingly viewed as a geopolitical hedge, especially in light of global inflation, currency debasement, and shifting trade dynamics. With its strategic Bitcoin reserve and commitment to digital infrastructure, Pakistan is positioning itself at the forefront of crypto adoption in the region. This multifaceted approach underscores the country’s willingness to embrace emerging technologies in the pursuit of financial sovereignty, economic diversification, and technological leadership.