There are some crazy crypto updates from the weekend. Let’s dive right in.
Pakistan is ready for their rupee-backed stablecoin
Pakistan is positioning itself for a potential $25 billion windfall by exploring a rupee-backed stablecoin, as experts believe delays in regulation could cost the nation dearly.
Pakistan Banks Association (PBA) President Zafar Masud, speaking at the Sustainable Development Policy Institute (SDPI) Conference revealed the country could capture $20–$25 billion in crypto growth.
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“We are seriously considering a rupee-backed stablecoin,” Masud said, spotlighting this crypto update.
Meanwhile, Central Bank Digital Currency (CBDC) is also in the play to
expand financial access with World Bank and IMF support.
In another crypto update analysts warn Bitcoin surge maybe chaotic
Shifting to Bitcoin, a macro analyst warned the Bitcoin surge to $250,000 in three months could actually trigger chaos.
Mel Mattison told Anthony Pompliano on YouTube that, “One of the worst things that could happen is Bitcoin shoots up to $250,000… and you get this blow-off top.”
From current levels near $101,650 as per CoinMarketCap, that’s a 142% jump potentially setting the stage for a brutal crash. Bitcoin briefly dipped below $100,000 on November 4, its first sub-six-figure close in four months. Mattison called recent price action “healthy rotations”.
However, Sentiment platform flagged danger saying retail investors are buying aggressively as whales sell.
“Historically, prices follow whales, not retail,” they warned in a Saturday report.
CZ expressed shock over his pardon by President Donald Trump
In a stunning twist to this crypto update, Binance co-founder CZ expressed shock over his pardon by President Donald Trump.
“I did not know when or if it was going to happen,” CZ told Fox News, noting his lawyers filed the petition in April.
He also denied any direct ties to Trump, saying his only interaction was a brief talk with Eric Trump at the Bitcoin MENA conference in Abu Dhabi.
The pardon sparked celebration among crypto executives but outrage from Democratic lawmakers, who called it “financially motivated.”
And that’s a wrap of everything that went down. Don’t forget to follow our social media to be updated about all things crypto.
