Pakistan Begins Crypto Overhaul With Preliminary Exchange Approvals

Binance's XRP reserves have fallen to a 2024 low, coinciding with a bearish trend in XRP's price, which has shown signs of cooling momentum. Recent analyses indicate a shift in investor behavior, reflecting a broader concern over the cryptocurrency's market stability.

Coinbase is preparing to launch its own prediction markets in collaboration with Kalshi, alongside potential offerings of tokenized stocks. This initiative is expected to be unveiled during a livestream event on December 17, 2025, marking a significant expansion of Coinbase's services in the cryptocurrency sector.

Bitcoin's value has fallen below $90,000 following mixed signals from the Federal Reserve, which has raised concerns about the cryptocurrency's stability. This decline comes as Vanguard attempts to expand access to spot Bitcoin ETFs, despite a prevailing skepticism towards cryptocurrencies.

Sangha Renewables, in collaboration with TotalEnergies and Links Genco, has inaugurated a 19.9 MW bitcoin mining facility in West Texas, integrating solar power with digital infrastructure to enhance revenue streams and support grid stability. This facility represents a significant step towards sustainable energy use in cryptocurrency mining.

Pakistan has signed a memorandum of understanding (MOU) with Binance to explore the tokenization of $2 billion in state assets, coinciding with the country's efforts to establish a formal regulatory framework for cryptocurrencies and blockchain technology.

Changpeng Zhao, the founder of Binance, remains a significant figure in the cryptocurrency landscape despite his recent exit from the company. His influence continues to resonate within the industry, as evidenced by ongoing discussions and debates surrounding cryptocurrency trading and market sentiment.

Pakistan has approved cryptocurrency exchanges Binance and HTX to establish local subsidiaries, marking a significant step in the country's regulatory framework for digital assets. This decision aligns with the government's efforts to create a structured environment for cryptocurrency operations within its borders.

Pakistan has granted preliminary approval to cryptocurrency exchanges Binance and HTX to operate within its regulatory framework, marking a significant step towards formalizing the digital asset sector in the country. This approval is part of Pakistan's broader initiative to enhance financial innovation while ensuring better oversight and combating illicit finance.