Ethereum has dropped about 20% over the past 24 hours, falling below $1,500 for the first time since March 2023. Ethereum (ETH) is trading at $1,476 at the time of press, having recorded a 24-hour high of $1799. The broader…

Ethereum falls below $1.5K for the first time since March 2023

Peter Schiff has suggested that China resolve its trade deficit with the U.S. 
by dumping its U.S. Treasuries and dollars, then using the proceeds to buy 
gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese 
Consumers Economist Peter Schiff has urged China to resolve its trade deficit 
with the United States […]

Schiff Urges China to Crash Dollar, Buy Gold Amid Trade War

Former Binance CEO Changpeng &#8220;CZ&#8221; Zhao has been appointed as an adviser to 
Pakistan&#8217;s Crypto Council, a newly formed regulatory body tasked with 
overseeing the country&#8217;s embrace of blockchain technology and digital assets.
The appointment was confirmed by Pakistan&#8217;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 &#8216;s Ministry 
of Finance. Source: __Business Recorder_
Zhao is one of the most recognizable names in crypto, having served as CEO of 
Binance between 2017 and 2023. He resigned as CEO of the exchange in November 
2023 after pleading guilty to charges related to violating US money laundering 
laws. He was later sentenced to four months in prison.
For Pakistan, Zhao is a high-profile appointment that could potentially help 
the country lure foreign investment in an industry that has taken on new 
strategic importance.
In March, the CEO of Pakistan&#8217;s Crypto Council, Bilal bin Saqib, told 
Bloomberg that the country plans to develop a clear regulatory framework for 
digital assets.
&#8220;Pakistan is done sitting on the sidelines,&#8221; Saqib said. &#8220;We want to attract 
international investment because Pakistan is a low-cost high-growth market 
with [&#8230;] a Web3 native workforce ready to build.&#8221;
_**Related:**__**Binance co-founder Changpeng Zhao to advise Kyrgyzstan on 
blockchain tech**_
## Crypto in Pakistan: Adoption and pain-points
Pakistan has long been considered a potential hub for crypto adoption due to 
its growing population, large diaspora and thriving black market for foreign 
exchange trades.
The value of cash sent to Pakistan through formal remittance channels surged 
at the end of last year amid a countrywide crackdown on black market dollar 
trades.
&#8220;This increase might be because remittances that had previously been sent 
using the black market are now being sent via official channels,&#8221; John 
Ashbourne, an economist at Fitch Solutions, told Bloomberg.
Pakistan ranked highly in Chainalysis&#8217; 2024 crypto adoption index, largely due 
to strong retail adoption and transactions at centralized services.
_In 2024, Pakistan ranked ninth among Central and Southern Asia and Oceania 
(CSAO) countries. Source:__Chainalysis_
Stablecoins have emerged as one of crypto&#8217;s most prominent use cases in 
regions with high demand for US dollars due to currency depreciation.
Although data on stablecoin usage in Pakistan is slim, a 2023 KuCoin survey 
revealed that 33% of local crypto investors use digital assets to hedge 
against the rupee&#8217;s devaluation.
A more recent survey conducted by Bitget found that 46% of respondents in 
South Asia &#8212; a region that includes India, Pakistan, Bangladesh and others &#8212; 
use digital assets for speed and accessibility of transactions.
_**Magazine:**__**How crypto laws are changing across the world in 2025**_

Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up

Metaplanet Inc. has completed the early redemption and full repayment of its 
9th Series of Ordinary Bonds. The repayment totals ¥2 billion ($13.5 million), 
the company announced on April 7. Originally set to mature in September 2025, 
the bonds were…

Metaplanet repays over $13m in bonds early using warrant proceeds

Bloomberg Intelligence’s senior commodity strategist Mike McGlone casts a 
skeptical gaze on bitcoin and its digital counterparts, positing a potential 
retreat to $10,000 for the flagship cryptocurrency. Bloomberg Strategist Sees 
Crypto Wipeout Ahead In recent analyses shared via Bloomberg and the platform 
X, Mike McGlone has dissected crypto’s vulnerabilities amid turbulent 
macroeconomic crosscurrents. President Trump’s […]

Bitcoin Headed Back to $10K? Bloomberg’s Mike McGlone Thinks So

Bitcoin Magazine 
An Excerpt From The Satoshi Papers: A Nation of Individuals?
This excerpt from the introduction to The Satoshi Papers explores how the rise 
of the sovereign individual challenges the modern state, tracing the shift 
from America’s founding principles to today’s centralized military, financial, 
and bureaucratic power.
This post An Excerpt From The Satoshi Papers: A Nation of Individuals? first 
appeared on Bitcoin Magazine and is written by Natalie Smolenski.