trading

Pakistan plans to create a legal framework for cryptocurrency trading to attract international investment

ChainCatcher news, according to Bloomberg, the CEO of the Pakistan Crypto Council, Bilal bin Saqib, stated in an interview that the country aims to establish a clear regulatory framework to manage digital asset activities to promote the development of the local ecosystem.Saqib said, "Pakistan will no longer stand by; we want to attract international investment because Pakistan is a low-cost, high-growth market, with 60% of the population under 30 years old. 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 for leadership in the blockchain space.This legalization plan was proposed after Saqib was appointed as the chief advisor for digital asset management to the finance minister earlier this month. He will also provide advice on exploring the use of artificial intelligence to improve government efficiency, optimize decision-making processes, and drive 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 data, Pakistan ranks ninth globally in cryptocurrency adoption rates. Saqib mentioned in the interview that there are approximately 15 to 20 million cryptocurrency users in Pakistan.

“Hyperliquid 50x giant whale” achieved a 164% return through BTC long and short trading strategies before and after the Federal Reserve's interest rate decision announcement

According to ChainCatcher's message, monitored by on-chain analyst Yu Jin, the "Hyperliquid 50x Whale" made frenzied trades around the Federal Reserve interest rate announcement, turning 690,000 USDC into 1,826,000 USDC in just 3 hours, achieving a profit of 164%.The specific operations are as follows:At 2 AM, the Federal Reserve was set to announce the interest rate decision. He shorted 326 BTC (27.6 million USD) at a price of $84,566 at midnight, then closed the short position at a price of $83,927 just before the announcement (1:48), making a profit of $215,000;As soon as the interest rate was announced at 2 PM, he immediately shorted 256 BTC (21.6 million USD) at a price of $84,404 at 2:01, and quickly closed the position at $83,906 six minutes later, making a profit of $250,000;After closing the short position, he immediately went long, opening a long position of 518 BTC (43.8 million USD) at a price of $84,500 at 2:10, and then closed the position at $85,700 at 2:59, making a profit of $620,000;After closing the long position, he immediately shorted again: at 3:00, he shorted 384 BTC (32.9 million USD) at a price of $85,666, and closed the position just two minutes later at $85,146, making a profit of $106,000.
ChainCatcher Building the Web3 world with innovators