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cointelegraph.com Mar 20, 2025 06:30

Pakistan eyes crypto legal framework to spur foreign investors - Pakistan is planning to create a legal framework for crypto to try to lure international investors to the Central Asian country.“Pakistan is done sitting on the sidelines; we want to have regulatory clarity; we need to have a legal framework that is pro-business,” Pakistan Crypto Council CEO Bilal Bin Saqib told Bloomberg on March 20.“We want Pakistan as the leader in blockchain-powered finance, and we want to attract international investment,” he added. “Sixty percent of the population is under 30 [years old], we have a Web3-native workforce ready to build.”Earlier this month, Saqib was named chief adviser to Pakistan’s finance minister for the management of cryptocurrencies.Blockchain analytics firm Chainalysis ranked Pakistan ninth for crypto adoption last year, and Saqib claimed there were up to 20 million Pakistani crypto users.Related: Web3 devs, gamers, investors thrive despite India’s crypto policy hurdlesHe called US President Donald Trump “the biggest bullish catalyst for crypto in history.” Trump has moved to create a Bitcoin reserve and crypto stockpile using digital assets forfeited to the government.“Trump is making crypto a national priority, and every country, including Pakistan, will have to follow suit or will be at the risk of being left behind,” Saqib said. Saqib was appointed as CEO of the Pakistan Crypto Council on March 14 by the Finance division of the current Pakistan government. “This is just the beginning, Pakistan is open for business,“ he said at the time. According to Saqib, developing nations such as Pakistan and Nigeria have a lot to benefit from blockchain and crypto adoption. He said:“By leveraging blockchain for remittances and trade, both nations can reduce reliance on traditional banking, lower 5-9% fees, and create seamless cross-border payment networks. “Magazine: How crypto laws are changing across the world in 2025

FOMO: 88%
cointelegraph.com Mar 20, 2025 07:05

Bitcoin price tags 2-week highs as markets bet big on Trump crypto news - Bitcoin (BTC) spiked to two-week highs on March 20 amid rumors that the US government was preparing a “major update” to its crypto policy.BTC/USD 4-hour chart. Source: Cointelegraph/TradingViewFed’s Powell injects relief into stocks, cryptoData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching nearly $87,500 on Bitstamp.Currently consolidating near $86,000, Bitcoin benefitted from a fairly cool Federal Reserve meeting the day prior in which officials opted to hold interest rates at current levels.Policymakers confirmed that they envisage two cuts by the end of 2025, with Fed Chair Jerome Powell describing inflation as having “eased significantly.”“We do not need to be in a hurry to adjust our policy stance, and we are well positioned to wait for greater clarity,” he said in an opening statement before a press conference that followed the rates decision.A “wait-and-see” approach was enough to relieve troubled risk assets, with Bitcoin joining US stocks in surging and finishing the day higher. The S&P 500 ended up by around 1% for the March 20 session, adding $500 billion in market cap.Reacting, Arthur Hayes, former CEO of crypto exchange BitMEX, suggested that the Fed had delivered a key signal for traders to add risk.“JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE,” he wrote in a characteristic X post, referring to officials rotating from quantitative tightening to quantitative easing. “Was $BTC $77k the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.”S&P 500 1-day chart. Source: Cointelegraph/TradingViewBitcoin traders eye US crypto announcementBitcoin traders nonetheless cared more about a potential change in US crypto posturing as whispers suggested that an announcement could come on March 21.Related: Bitcoin futures deleveraging wipes $10B open interest in 2 weeks“This would be his first major update since March 6th, when the national crypto reserve was established,” trading resource The Kobeissi Letter summarized in an X post on the topic. “Rumors state President Trump may be making a significant change to his strategy.”When Trump signed an executive order to create a Strategic Bitcoin Reserve earlier this month, markets stayed surprisingly cool as it emerged that the plan would not necessarily involve the US buying BTC.However, with the latest daily close above key resistance trend lines, cause for optimism was quickly returning.“Bitcoin only needs to rally an additional +8% to position itself for a reclaim of the Range above and end this downside deviation,” popular trader and analyst Rekt Capital reported.“Is that a lot, considering BTC is up almost +13% since last weeks lows?”BTC/USD 1-week chart. Source: Rekt Capital/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 88%
cointelegraph.com Mar 20, 2025 08:57

Coinbase becomes Ethereums largest node operator with 11% stake - A Coinbase report revealed that the crypto exchange is Ethereums biggest node operator, having 11.42% of the total staked Ether within the blockchain network. In a performance report, Coinbase said it had 3.84 million Ether (ETH), worth about $6.8 billion, staked to its validators. The exchange said that, as of March 3, it has 11.42% of the total staked ETH. Anthony Sassano, host of The Daily Gwei, said that Coinbases stake makes the exchange the “single largest node operator” in the network. Sassano added that while the staking platform Lido is bigger as a collective, each node operator has a much smaller percentage share. Source: Anthony SassanoRelated: 83% of institutions plan to up crypto allocations in 2025: CoinbaseCoinbase validator uptime and participation rate at 99.75%Coinbase also shared that it exceeded its target for validator uptime, which indicates the percentage of time when validators are operational. It also had a similar figure for its participation rate, a metric that indicates how well validators perform their consensus duties.Coinbase also reported that its validators had an average uptime of 99.75%. Coinbase said they outperformed their target of 99% uptime without compromising security standards. The exchange attributed the performance to an upgrade implemented in 2024, which allowed the exchange to keep validators running while performing beacon node maintenance. Meanwhile, Coinbase validators’ participation rate is also at 99.75%. This exceeds the network average of 99.52%. In addition, the Coinbase average for signing and submitting blocks produced by their MEV relays is 99.76%, higher than the network average of 99.38%. While Coinbase operates a centralized exchange platform, the company said it distributes its validators across several regions to help maintain a truly distributed and decentralized Ethereum blockchain. The exchange said its validators operate in Japan, Singapore, Ireland, Germany and Hong Kong. Coinbase validator average performance versus Ethereum network averages. Source: CoinbaseEther surges above $2k on March 20Coinbase’s recent report was followed by a surge in ETH prices as ETH accumulation addresses started stockpiling significantly. 7-day ETH price chart. Source: CoinGeckoOn March 2, Ether hit a weekly high of $2,060.73, surging by 12.3% in seven days. On March 19, the asset’s daily trading volume reached $17.4 billion as its price surpassed $2,000. The surge comes as ETH price sentiments turned bearish. On March 11, Yuga Labs’ vice president of blockchain suggested that ETH could drop as low as $200 in a prolonged bear market. Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

FOMO: 85%
@BTC_Archive Mar 20, 2025 08:57

gm:) $86,000 Bitcoin

FOMO: 90%