Dear PointPay Family,
A lot of events, news and changes happened this week in the cryptosphere. To make sure you don't get lost in the variety of headlines, we have prepared for you the Top 5 most important and interesting news in our opinion.
Pakistan Taps Bitcoin Pioneer Michael Saylor as National Advisor
Pakistan has officially named Michael Saylor as its national Bitcoin advisor, signaling a strategic shift toward digital assets. The decision comes amid ongoing efforts to tackle inflation and modernize the country's financial system. With Saylor's global reputation as a leading Bitcoin advocate, Pakistan appears poised to explore the integration of crypto into its economic framework - from regulation to potential use in reserves or national payments. This move positions the country among emerging economies taking serious steps toward blockchain-based innovation.
Strategy Boosts Bitcoin Holdings to Over 592,000 BTC
Strategy, formerly known as MicroStrategy, has expanded its Bitcoin treasury with a fresh acquisition of 10,100 BTC, purchased for approximately $1.05 billion. The transaction, funded through preferred stock offerings, raises the company's total holdings to 592,100 BTC. With an average acquisition price of $70,666 per coin, Strategy's Bitcoin strategy continues to deliver, achieving a 19.1% return in 2025. Executive Chairman Michael Saylor reaffirmed the company's long-term commitment to Bitcoin as a primary reserve asset.
US Senate Approves GENIUS Act in Historic Vote for Crypto Regulation
In a landmark decision, the US Senate has passed the GENIUS Act - the first comprehensive bill to regulate stablecoins - with strong bipartisan support. The legislation aims to introduce strict rules for stablecoin issuers, covering reserves, compliance, and oversight. While the bill still requires approval from the House of Representatives, its Senate passage marks a turning point in US crypto policy. Backers say the measure brings regulatory clarity and helps secure the country's leadership in digital finance.
Ethereum Strengthens Security With Over $91B in Staked ETH
Ethereum's staking volume has surpassed 35 million ETH, pushing the network's economic security to over $91 billion. This represents nearly one-third of Ethereum's total supply, significantly raising the cost of a potential attack. The increase in staking follows recent regulatory clarity from the SEC, which removed legal uncertainties around staking models. With major players like Lido, Binance, and Coinbase leading the way, the trend highlights growing confidence in Ethereum's proof-of-stake ecosystem.
Bitcoin Faces Pressure as Fed Holds Rates and Geopolitical Tensions Rise
Bitcoin's price is under pressure as markets brace for the US Federal Reserve's latest rate decision and escalating conflict in the Middle East. Continued rate stability and renewed tensions between Israel and Iran have driven capital outflows from spot Bitcoin ETFs, amplifying market uncertainty. Analysts note that investor sentiment hinges on future Fed signals. While short-term volatility is expected, a potential rate cut in the coming months - coupled with macroeconomic tailwinds - could support a recovery in digital assets by Q3.
Thanks again for taking the time to read this update. We look forward to seeing you next week!
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