Here is what happened yesterday in the crypto market:
Pakistan to Establish a Strategic Bitcoin Reserve
Pakistan is planning to establish a strategic Bitcoin reserve and allocate 2000 megawatts of energy for crypto mining, according to the country’s Minister of State for Blockchain and Crypto, Bilal Bin Saqi.
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US Labor Department Reverses Course on Crypto in Retirement Plans
The U.S. Department of Labor is reversing its earlier caution about including crypto investments in people’s retirement savings, arguing that issuing warnings about the hazards of digital assets failed to acknowledge their potential benefits.
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Conduit Raises $36M to Expand Stablecoin-Based Payments
Conduit, a cross-border payments firm that uses stablecoins, has raised $36 million in a Series A round to expand its global payment rails, The round was led by Dragonfly.
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NYC Mayor Calls for End of BitLicense, Proposes ‘BitBond’
New York City Mayor Eric Adams called for the end of the BitLicense in a speech at Bitcoin 2025 in Las Vegas, encouraging crypto businesses to come to New York.
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VivoPower Announces XRP Treasury Strategy Backed by Saudi Royal
VivoPower, a Nasdaq-listed energy company, has secured $121 million to fund its pivot to a digital asset treasury focusing on XRP.
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