Odaily Planet Daily News: HSBC Global Research Economist said that the key to the trend of the US dollar may depend more on the evolution of US trade policy rather than monetary policy. They said in a report: "For the dollar, the FOMC position in March was neutral enough to not challenge the general bearish sentiment of the dollar, especially when the yield of US treasury bond bonds fell." But they said that this was not enough to promote the continued selling of the dollar. They said that after the strong start of the US treasury bond bond this year, the Federal Reserve continued to hold a wait-and-see attitude, so it is reasonable to take a more cautious view of short-term yield and maintain its expectation of the yield of 10-year US treasury bond bonds at the end of 2025, namely 3.50%. These economists believe that the US stock market may further clear as some indicators of the bank show oversold levels. (Golden Ten)
According to Foresight News, Bilal bin Saqib, CEO of the Pakistan Crypto Council, stated in an interview that Pakistan's goal is to establish a clear regulatory framework for managing digital asset activities to promote the development of the local ecosystem. Pakistan is no longer standing idly by. We hope to attract international investment because Pakistan is a low-cost, high growth market with 60% of the population under the age of 30
According to Bloomberg, Bilal bin Saqib, CEO of the Pakistan Crypto Council, stated in an interview that the country aims to establish a clear regulatory framework to manage digital asset activities and promote the development of the local ecosystem. Saqib said, "Pakistan is no longer standing idly by. We hope to attract international investment because Pakistan is a low-cost and high growth market, with 60% of the population under the age of 30. We have a local workforce ready to build Web3." Saqib pointed out that he hopes to make Pakistan the cryptocurrency capital of South Asia, competing with Dubai, Singapore, and Hong Kong, China for leadership in the blockchain field. This legalization plan was proposed after Saqib was appointed as the Chief Advisor on Digital Asset Management to the Minister of Finance earlier this month. He will also provide suggestions on exploring the use of artificial intelligence to improve government efficiency, optimize decision-making processes, and promote innovation in public sector operations. Saqib said, "Trump is making cryptocurrency a national priority, and every country, including Pakistan, will have to follow suit According to Chainalysis, Pakistan ranks ninth globally in terms of cryptocurrency adoption rate. Saqib mentioned in an interview that there are approximately 15 to 20 million cryptocurrency users in Pakistan.
According to Decrypt, Australian authorities have launched a crackdown on fraudsters impersonating cryptocurrency exchange Binance, following a series of cryptocurrency fraud cases targeting users in the area. The Australian Federal Police (AFP), National Anti Fraud Centre (NASC), and Binance Australia have jointly issued a warning to alert the public to this complex scam that steals cryptocurrency through false information. It is reported that scammers impersonate Binance representatives through SMS and encrypted messaging platforms, falsely claiming that the victim's account has been hacked. These pieces of information are disguised as legitimate conversations with Binance, containing false verification codes and contact phone numbers, inducing victims to call counterfeit hotlines. Once the victim makes a phone call, they will be induced to transfer the cryptocurrency to the "trust wallet" controlled by the fraudster. AFP cooperates with international law enforcement agencies to investigate the perpetrators, but once the funds are transferred, they quickly circulate through multiple wallets and money laundering channels, making it difficult to recover. AFP works closely with NASC to ensure that victims in Australia can be quickly identified and receive recommendations for protecting cryptocurrency accounts, "said Graeme Marshall, commander of AFP's cybercrime operations The authorities suggest that the victim immediately contact a bank or cryptocurrency exchange and report to the police through ReportCyber, citing reference number AFP-068.
According to Decrypt, Gottit founder Aleksei Andriunin has reached a plea agreement with US authorities to forfeit $23 million in cryptocurrency assets related to market manipulation charges. According to court documents cited by Law360, Andriunin's involvement in Gotbit resulted in financial "damage" to "decentralized market participants" who purchased cryptocurrencies at "fraudulently inflated prices". The founder of Gottit was extradited to the United States at the end of February, after being arrested in Portugal four months ago. A plea agreement may result in Andriunin not having to go to jail and not having to pay additional fines other than confiscation of assets. However, the court reserves the final discretion over the terms of the judgment. The total amount of assets confiscated by civil authorities is $23 million, including stablecoins issued by Tether and Circle, stored in four wallets under Andriunin's "complete control". According to court documents, Andriunin will be released under supervision for three years, during which he will be strictly prohibited from participating in any encryption activities. In November of last year, it was reported that the US Department of Justice had sued the CEO of Gottit for allegedly planning large-scale fraudulent transactions.
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