Day: April 7, 2025

Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up

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Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets.  The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported. CZ is seen signing documents during his appointment by Pakistan’s Ministry of Finance. Source: Business Recorder Zhao is one of the most recognizable names in crypto, having served…

Metaplanet repays 2B yen bonds early, CEO comments on BTC ‘down days’

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Metaplanet, a Japanese hotel manager turned Bitcoin treasury company, has fully repaid 2 billion yen ($13.5 million) worth of bonds ahead of schedule as it seeks to shore up its financial position. Metaplanet conducted an early redemption of its 9th Series of Ordinary Bonds on April 4, more than five months before the maturity date, the company disclosed on April 7.  The zero-interest bonds were issued in March through Metaplanet’s Evo Fund and used to acquire additional Bitcoin (BTC). Since the bonds carry zero interest, the repayment would not have…

Trump’s tariffs shake Bitcoin, but some are buying the dip

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Bitcoin holders are facing renewed pressure following US President Donald Trump’s trade tariff announcement, which sent shockwaves through global financial markets, including cryptocurrencies. However, with Bitcoin (BTC) hodlers now under pressure, some community members, including BitMEX co-founder Arthur Hayes, are not missing a chance to buy BTC at a discount. “Been nibbling on BTC all day, and shall continue,” Hayes wrote on X on April 7 as the Bitcoin price hovered around $75,000. Source: Arthur Hayes He also predicted that Bitcoin’s dominance in the broader crypto market could grow. He…

Was Bitcoin price drop to $75K the bottom? — Data suggests BTC to stocks decoupling will continue

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Bitcoin (BTC) fell below $75,000 on April 6, pressured by traditional markets as S&P 500 futures hit their lowest levels since January 2024. The initial panic also caused WTI oil futures to drop below $60 for the first time in four years. However, markets later recovered some losses, allowing Bitcoin to reclaim the $78,000 level. Bitcoin’s high correlation with traditional markets tends to be short-lived While some analysts argue that Bitcoin has entered a bear market following a 30% price correction from its cycle peak, historical data offers numerous examples…

A decade-old debate is back as self-custody gets smarter

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Here we go again: A top centralized crypto exchange (CEX) was hacked, this time likely for the largest sum in humanity’s history. We were lucky to avoid the worst — platform collapse and devastating consequences for the industry. The incident reminded us again that even the strongest market players are not invincible.  CEXs’ freedom to manage customer funds comes with risks, reminding users that good old non-custodial storage is still the safest. With recent advances in security features, wallets safeguard coins and help users safely make the most of their…

Bitcoin price retakes $80K as US stocks avoid ‘Black Monday’ meltdown

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Bitcoin (BTC) sought a relief rally into the April 7 Wall Street open as US stocks rebounded from a 4%+ loss. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin joins US stocks in relief rally Data from Cointelegraph Markets Pro and TradingView showed the area around $80,000 forming a focus for BTC/USD after the pair hit five-month lows. The fallout from US trade tariffs continued to ricochet across global markets, with Asia stocks closing the day with considerable losses. At the same time, reports of a potential 90-day pause in the tariffs…

Over 90% of WazirX creditors support post-hack restructuring plan

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More than 90% of the voting creditors of the Indian crypto exchange WazirX voted in favor of the platform’s post-hack restructuring plan. According to an April 7 announcement, 93.1% of voting creditors who hold 94.6% of the value voted in favor of the plan. All creditors who held crypto balances on the platform were eligible to vote on the Kroll Issuer Services platform from March 19 until March 28. WazirX co-founder and CEO Nischal Shetty told Cointelegraph that with the plan approved, stolen asset recovery is “a primary focus.” Still,…

Changpeng Zhao appointed as strategic advisor to Pakistan Crypto Council

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Key Takeaways Changpeng Zhao has been appointed as Strategic Advisor to the Pakistan Crypto Council. Pakistan aims to become a regional powerhouse for digital finance and blockchain-driven growth. Share this article Changpeng “CZ” Zhao, co-founder of Binance, has been named Strategic Advisor to the Pakistan Crypto Council (PCC), according to a Monday report by TechJuice, a prominent tech news outlet covering Pakistan’s startup and innovation ecosystem. The appointment was announced during a Monday meeting with top Pakistani officials, including Finance Minister Senator Muhammad Aurangzeb, SECP Chairman, State Bank Governor, and…

Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K

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Michael Saylor’s firm Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency’s price dropped below $87,000. In a filing with the US Securities and Exchange Commission on April 7, Strategy announced it made no Bitcoin (BTC) purchases during the week of March 31 to April 6. The decision followed a week of heightened market volatility, with BTC surging to as high as $87,000 on April 2 after starting the week at around $82,000, according to data from…

Bitcoin struggles below $77K, Ether, XRP, and Solana deepen declines ahead of US market opening

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Key Takeaways Bitcoin and major altcoins suffered significant losses due to concerns over new US tariff policies. Crypto market capitalization decreased by over 10%, representing a $100 billion loss. Share this article Bitcoin hovered below the $77,000 level in early Monday trading as the broader crypto market downturn deepened. Losses extended across altcoins, with major ones like Ether, XRP, and Solana suffering double-digit losses ahead of the US stock market opening. Bitcoin falls, altcoins bleed as Trump’s tariffs hit Asian markets Bitcoin fell below $75,000 today, its lowest level since…