The IMF rejected Pakistan’s plan to offer subsidized electricity for crypto mining. The proposal seeks to utilize surplus power and boost crypto activity. Despite the setback, Pakistan continues to engage with international bodies to explore a more acceptable framework. The International Monetary Fund (IMF) has rejected Pakistan’s proposal to provide subsidized electricity tariffs for cryptocurrency mining operations, citing concerns that such a move would create economic imbalances and distort the nation’s fragile energy market. Notably, the proposal aimed to boost electricity consumption and incentivize crypto-related industrial activity. It was presented by the Power Division in 2024 but failed to gain traction with the global lender. Secretary of Power Fakhray Alam Irfan briefed the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, on the ongoing discussions. According to Irfan, the IMF declined a subsidy framework on the grounds that it could further burden the already fragile energy sector and undermine pricing transparency. Related: IMF Warns Pakistan Over Bitcoin Reserve Amid Energy and Legal Concerns A Timeline of Reje… The post No Subsidies: IMF Halts Pakistan’s Subsidized Power for Crypto Miners appeared first on Coin Edition .

2025-07-03 20:00

Stablecoin regulatory framework progress in the US triggers a reaction from China. China’s tech giants urge the government to respond to the US stablecoin achievements. JD.com and Ant Group suggest a countermove to promote the Chinese yuan. To counter an incoming US dominance in the digital asset space, China’s tech giants JD.com and Ant Group, an affiliate of Alibaba, are now urging Beijing to authorize a yuan-based stablecoin, a countermove after the U.S. passed the GENIUS Act for clarity on dollar-linked cryptocurrencies. China's tech giants https://t.co/LOi8NHnjTY and Ant Group are urging the central bank to authorize yuan-based stablecoins to counter the growing sway of US dollar-linked cryptocurrencies, people with direct knowledge of the discussions said. More here: https://t.co/5VRYPCaTFB — Reuters Business (@ReutersBiz) July 3, 2025 This proposal escalates the well-documented economic and trade battle between the two superpowers into the digital asset sector, with both nations now competing to set the standards for global digital finance. China’s Proposal: A Yuan Stablecoin in Hong Kong In their proposal to China’s central bank, JD.com an… The post China’s Answer to the Digital Dollar: A New Push for a Yuan-Backed Stablecoin appeared first on Coin Edition .

2025-07-03 19:45

ADX lists MENA’s first blockchain bond, issued by FAB on HSBC Orion platform Blockchain bond enhances market efficiency, transparency, and investor access Strategic ADX, HSBC, FAB partnership signals shift toward digital capital markets The Abu Dhabi Securities Exchange (ADX) is preparing to list the first-ever blockchain-based digital bond in the Middle East and North Africa (MENA). Issued by First Abu Dhabi Bank (FAB), the nation’s largest bank, and powered by HSBC’s Orion digital asset platform, the listing integrates distributed ledger technology (DLT) directly into capital markets infrastructure.. Partnership Forged for Innovation This milestone comes as a result of strategic collaboration among ADX, HSBC, and FAB. Each party plays a pivotal role in shaping the bond’s structure and distribution. HSBC acted as the sole global coordinator, lead manager, and bookrunner. FAB issued the digital bond using HSBC Orion, a platform operated by Hong Kong’s Central Moneymarkets Unit (CMU). The bond’s development involved top-tier international law firms, ensuring that governance and regulatory compliance meet global standards. Related: Abu… The post First Abu Dhabi Bank to Issue MENA’s First Digital Bond on ADX appeared first on Coin Edition .

2025-07-03 19:32

The Open Platform (TOP), developer of Telegram’s wallet, raised $28.5M at a $1B valuation The funding, led by Ribbit and Pantera, will be used to expand the crypto wallet into the US and Europe This follows a broader $400M investment into the TON ecosystem by major VCs like Sequoia The Open Platform (TOP), the main developer building the crypto wallet inside the Telegram messaging app, raised $28.5 million in a new funding round, pushing its valuation to $1 billion. The deal, announced on July 3, 2025, was led by the venture capital firm Ribbit Capital, with Pantera Capital also participating. The new capital provides TOP with the resources to pursue its most critical goal of expanding the wallet into the United States and Europe. Andrew Rogozov, TOP’s founder and CEO, confirmed the deal accounted for 5% equity, with Ribbit acquiring 4% and Pantera 1%. No cryptocurrency was involved in the deal. Andrew Rogozov also clarified to Fortune that the company has now raised more than $70 million in total across multiple rounds. The Mission: Conquer a Regulated West TOP is the developer behind “Wallet in Telegram,” the self-custody crypto feature already e… The post Telegram Wallet Developer TOP Hits $1B Valuation in New Funding Round appeared first on Coin Edition .

2025-07-03 19:15

Lark Davis signals a potential 9.77% BTC breakout targeting the $120K level via a triangle pattern. Garrett Patten’s Elliott Wave chart projects $116,400 as the next major wave 3 target if support holds. Both analyses align around bullish momentum, with MACD and RSI confirming strength in current market structure. A strong technical case is building for Bitcoin’s next major rally, as analysts have identified technical chart setups pointing to a rally toward the $116,000–$120,000 range. The bullish sentiment on Bitcoin is supported by the following analytical methods that clearly show a powerful move provided key support levels hold. BTC bullish outlook was highlighted on July 3 by two separate analyses, one focusing on a classic chart breakout and the other on a complex Elliott Wave structure, both arriving at a similar bullish conclusion. The Breakout: A Classic Pattern Signals a 10% Upside Lark Davis, known as @TheCryptoLark on X, shared a Bitcoin chart on July 3 showing a clear breakout above a descending trendline. According to Davis, this move could signal a significant rally toward the $120,000 level. Bitcoin Breakout Chart. Source: @… The post Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target appeared first on Coin Edition .

2025-07-03 18:45

PancakeSwap reported $6.55 billion in daily volume and $158.4 billion over 30 days. Uniswap, the second-largest DEX, had $1.79 billion in daily and $82.32 billion in 30-day volume. PancakeSwap operates across nine blockchains, increasing its reach and user activity. PancakeSwap has emerged as the leading decentralized exchange (DEX) by trading volume, significantly outpacing its peers. The platform recorded $158.4 billion in trading volume over the past 30 days, nearly double that of second-place Uniswap, according to new figures from DefiLlama shared on X. The Strategy Behind PancakeSwap’s Dominance PancakeSwap’s dominance in the DEX market is supported by its compatibility with nine blockchain networks. This multi-chain compatibility has enabled it to attract a broad base of users and liquidity providers. Related: PancakeSwap Overtakes Circle in Fees: Can It Overcome Tether Next? Notably, PancakeSwap recorded an all-time high of $325 billion in trading volume for June, nearly doubling May’s $174 billion and pushing its Q2 total to $530 billion, according to Dune Analytics. This spike in activity came after the April launch of PancakeSwap I… The post PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume appeared first on Coin Edition .

2025-07-03 18:30

A final ruling in the long-running Ripple vs. SEC lawsuit is expected by late summer or early fall 2025 Ripple continues to expand its On-Demand Liquidity (ODL) service globally in markets like the UAE and Japan The prospect of an XRP ETF remains on hold pending the conclusion of the SEC case and regulatory clarity Vincent Van Code, a known crypto influencer and developer, shared some interesting thoughts on X. He made a bold XRP price prediction of $30-$50, saying: “My opinion is $30-$50 XRP. And this is no shill, I don’t expect anyone to agree with me. But my investment in XRP is based on this opinion.” Van Code didn’t offer a timeline to go with his prediction, and he specifically emphasized that he believes it’s okay for people to share their opinions, no matter how big or small. This resonated through the crypto community because XRP is one of the most controversial coins in the crypto industry; some see XRP as a dinosaur doomed to stagnate while others think it’s about to break out . Van Code didn’t specify why he predicts such a number, but it’s likely he believes in a positive outcome in the longstanding SEC lawsuit against Ripple… The post XRP’s Next Move Depends on These Three Fundamental Factors appeared first on Coin Edition .

2025-07-03 18:20

PEPE token surged nearly 9.5% in 24 hours and is now testing a key resistance zone around $0.00001075 Technical indicators are mixed, with a rising RSI showing buying interest but a bearish MACD urging caution A sustained breakout above the immediate resistance could pave the way for a test of the $0.00001100 level The meme-inspired token Pepe (PEPE) is capturing traders’ attention as it tests a critical resistance level following a sharp 9.5% surge in the last 24 hours. Now trading at $0.00001051 , the token’s recent price action and a corresponding spike in volume have put a key psychological barrier squarely in its sights. Market cap growth also tracked the price increase, adding over $4.4 billion, suggesting that investor confidence in PEPE might be gaining strength. The question now facing the market is whether PEPE has the momentum to break through its immediate ceiling and make a run for $0.00001100, or if mixed technical signals will halt the rally in its tracks. Key Levels Defining PEPE’s Next Move On-chart analysis shows a clear battleground has formed. Bulls have successfully defended a key support zone in the $0.00000975 to $0.00000980 range.… The post PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100? appeared first on Coin Edition .

2025-07-03 17:45

Arthur Hayes has predicted a Bitcoin price pullback to $90,000. Bitcoin’s price pullback will precede the next rally to higher levels. Bank-issued stablecoins will push trillions of dollars into digital assets. BitMEX co-founder Arthur Hayes has predicted a Bitcoin price correction to the $90,000 region before the cryptocurrency’s next rally towards new highs. Hayes analyzed the central bank policy and Wall Street incentives supporting US bank-issued stablecoins, highlighting their potential effect on the digital assets market. The Short-Term Case: A Correction to $90,000 Before the next leg up, Hayes foresees a period of turbulence. He believes a combination of historical market cycles and profit-taking from speculators will weigh on Bitcoin’s price. This pullback could be amplified as traders wait for clearer policy signals from the U.S. Federal Reserve before committing new capital. This potential “summer lull” could see Bitcoin’s price wash out weak hands and establish a new floor around the $90,000 mark, creating a healthier base for future growth. (adsbygoogle = window.adsbygoogle || []).push({}); The Long-Term Vision: … The post Hayes’s Warning Shot: A $90K Bitcoin Dip Before a Wall Street-Fueled Boom appeared first on Coin Edition .

2025-07-03 17:00