Pakistan’s Bold Move: Digital Assets Authority to Propel Bitcoin and Crypto Market Growth

In a significant step towards formalizing its cryptocurrency sector, Pakistan has established the Pakistan Digital Assets Authority (PDAA). This regulatory body aims to oversee an estimated $25 billion in informal digital asset flows, with a focus on licensing, compliance, and blockchain innovation. The move comes after Binance co-founder Changpeng Zhao’s advisory involvement with the Pakistan Crypto Council earlier this year. As of May 22, 2025, Bitcoin (BTC) is trading at 110,484.11 USDT, reflecting the growing global interest in digital assets. This development signals Pakistan’s commitment to embracing the future of finance through structured regulation and innovation in the crypto space.

Pakistan Establishes Digital Assets Authority to Regulate Crypto Market

Pakistan has launched the Pakistan Digital Assets Authority (PDAA) to oversee its burgeoning cryptocurrency sector, targeting an estimated $25 billion in informal digital asset flows. The regulatory body will manage licensing, enforce compliance, and foster blockchain innovation in financial services.

The move follows Binance co-founder Changpeng Zhao’s advisory role with the Pakistan Crypto Council in March. PDAA’s mandate includes facilitating asset tokenization and regulated Bitcoin mining operations—a strategic push to formalize the crypto economy and attract foreign capital.

Exchanges, custodians, and DeFi platforms now face structured oversight as the government positions Pakistan as a regulated hub for digital assets in emerging markets.

Bitcoin Eyes Rally Beyond $150K as Golden Cross Forms

Bitcoin is on the verge of confirming a powerful golden cross pattern, a technical indicator that often precedes significant price rallies. Analysts suggest this could propel BTC toward the $150,000 mark, building on its recent bullish momentum.

The cryptocurrency surged to a new all-time high of $111,544 on Thursday, eclipsing its previous record of $109,400 set just a day earlier. This represents a staggering 48% rebound from April’s low of $75,000, marking Bitcoin’s second record-breaking performance in 2025.

Network fundamentals mirror the price action. Bitcoin’s market capitalization has ballooned to $2.2 trillion, while its realized cap—a measure of investor cost basis—reached $915 billion. These metrics underscore substantial capital inflows into the bitcoin ecosystem.

Trading activity has intensified dramatically. Daily volumes spiked to $73.7 billion, nearly doubling Tuesday’s figures, as market participants position for what could be Bitcoin’s next major leg upward.

Singapore’s Crypto Investors Embrace Maturity with Profit-Taking and ’Flight-to-Quality’

Singapore’s cryptocurrency market is evolving beyond speculative hype, with investors now prioritizing disciplined strategies and established assets like Bitcoin. The 2025 Independent Reserve Cryptocurrency Index (IRCI) reveals a significant shift: 49% of Singaporean crypto holders have sold portions of their portfolios, with 67% of those sales locking in profits.

This trend reflects a broader ’flight-to-quality’ movement, where market participants favor blue-chip cryptocurrencies over riskier altcoins. Independent Reserve, Singapore’s first licensed crypto exchange, notes the change coincides with 2024’s bull market—suggesting investors are becoming more strategic amid price rallies rather than chasing momentum.

Crypto Trader Places $1.1B Bitcoin Long on Hyperliquid with 40X Leverage

A pseudonymous trader known as "James Wynn" has opened a staggering $1.1 billion Bitcoin long position using 40x leverage on Hyperliquid, an on-chain decentralized exchange. The trade, tied to wallet address "0x507," marks one of the largest notional positions ever executed entirely on a blockchain-based platform.

The position was initiated at an entry price of $108,084 per BTC, with a liquidation threshold just below $103,640. As Bitcoin’s price fluctuates, the trade has already generated over $40 million in unrealized profits. Wynn partially closed 540 BTC (~$60M) during European trading hours, securing a $1.5 million profit.

Market observers note Wynn’s previous exits have preceded sharp Bitcoin pullbacks, adding intrigue to this high-stakes maneuver. The trade highlights both the growing sophistication of decentralized finance and the extreme risk appetite among crypto’s largest players.

King Dollar Falls, Bitcoin Marches Toward Sound Money Highs

Bitcoin surged past $111,800 on Thursday, marking a 50% gain from its April low of $75,000. Despite this rally, the cryptocurrency has yet to reach all-time highs against traditional stores of value like Gold and silver. The bitcoin-to-gold ratio remains at 33.27 ounces, below its January peak of over 40 oz. Similarly, BTC has only recently breached 3,300 oz. against silver, still short of the record 3,530 oz.

The ’digital gold’ narrative gains traction as Bitcoin’s fixed supply and decentralized nature continue to attract investors. Recent weeks have seen BTC outperform sluggish U.S. equities, further solidifying its position as a hedge against fiat weakness. The dollar’s decline underscores Bitcoin’s growing appeal as an alternative store of value.