Pakistan’s strategic plans to harness its energy resources for Bitcoin mining and artificial intelligence have hit a roadblock, with the International Monetary Fund (IMF) expressing concerns over the initiative. Amid the country’s energy shortages and fiscal challenges, the IMF is seeking immediate clarification from the Finance Ministry on its legality and power allocation. Significantly, this development validates concerns raised by CoinGape in a recent report, highlighting potential IMF scrutiny. Pakistan Faces Scrutiny over Bitcoin Mining Initiative As reported by Samaa, a local news media, Pakistan faced increased scrutiny from the IMF regarding its potential plans to allocate 2000 MW of power for Bitcoin mining and AI. Sources within the Finance Ministry revealed that the IMF was not informed about Pakistan’s crypto mining plan. The familiar sources added that the global lender questioned cryptocurrencies’ legal status in the country. However, the possibility of Pakistan establishing a Bitcoin reserve hangs in the… Read More at Coingape.com
U.S. President Donald Trump recently said he has a “big announcement” coming soon. He called it “earth-shattering” and “a positive development for the country,” but gave no clear details about what it is. He did say it’s not about trade, which has led to plenty of speculation online.
Some people believe the announcement could involve Bitcoin or other cryptocurrencies. There are rumors it could be about a U.S. government crypto reserve or some kind of support for digital assets. One crypto personality said the news will be “game-changing” and should come before Monday.
Trump said, “We have a big announcement to make, not about trade but something else but it’s going to be a truly earth shattering and a positive development for this country and for the people of this country.”
Others think the announcement may be about international politics. Online AI assistant Grok shared a few possible options based on current global events. These include a possible ceasefire deal in Gaza that could last five to seven years, a peace deal between Ukraine and Russia that accepts some Russian territorial gains, or a new nuclear deal with Iran in exchange for easing sanctions. All of these would be major steps toward global peace, but none have been confirmed.
President Trump: “We have a big announcement to make, not about trade but something else but it’s going to be a truly earth shattering and a positive development for this country and for the people of this country.” pic.twitter.com/pZLS3bnszW
Adding to the mystery, Steve Witkoff was recently sworn in as the new U.S. Special Envoy to the Middle East on May 6, 2025. This has made some people think the announcement could be linked to peace talks in the region.
For now, no one knows for sure what Trump’s big announcement will be. But with his promise that it’s coming within a few days, people are eagerly waiting to find out.
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U.S. President Donald Trump recently said he has a “big announcement” coming soon. He called it “earth-shattering” and “a positive development for the country,” but gave no clear details about what it is. He did say it’s not about trade, which has led to plenty of speculation online. Some people believe the announcement could involve …
A death cross appeared on HBAR’s daily chart on April 14, signaling potential downside. However, the token has defied bearish expectations, rallying 20% over the past two weeks amid a broader market rebound.
While bullish momentum has cooled slightly in recent days, the bulls remain in control. If demand grows further, the HBAR token could be poised for more upside.
HBAR Bulls Stay in Control After Death Cross
A death cross occurs when an asset’s short-term moving average—typically the 50-day—crosses below its long-term moving average, usually the 200-day.
This crossover means the asset’s recent price momentum is weakening, and a longer-term downtrend may take shape. The pattern often signals increased selling pressure as traders usually interpret it as a marker of a negative shift in market sentiment.
However, this is not always the case, especially in volatile or recovering markets where price action can defy traditional technical signals. For instance, HBAR’s value rocketed 20% in the past two weeks.
Although the bullish momentum has eased slightly over the last three trading sessions, the bulls remain firmly in control. Readings from HBAR’s Moving Average Convergence Divergence (MACD) indicator confirm this.
While the bars that make up this indicator have diminished over the past three days—reflecting a slowdown in bullish momentum amid broader market consolidation—the MACD line remains above the signal line, indicating that buying pressure still prevails among traders.
This setup hints at the likelihood of further price gains despite the death cross.
HBAR Climbs Steadily—Will It Hold the Line or Slip Back to $0.15?
Since April 16, HBAR has traded along an ascending trend line, a bullish pattern formed when an asset consistently posts higher lows over time. This indicates growing investor confidence and sustained upward momentum, even amid short-term pullbacks.
For HBAR, this trend suggests buyers continue stepping in at increasingly higher price points, reinforcing support levels. If the trend holds, it could pave the way for further gains, especially if market sentiment remains positive.
HBAR’s price could break above the $0.19 resistance in this scenario and rally toward $0.23.
Binance founder Changpeng Zhao (CZ) has inked a deal with Kyrgyzstan’s National Investment Agency to trigger Web 3 adoption metrics. Both parties have reiterated a commitment to integrate Web 3 technologies into every facet of the local economy leaning on CZ’s expertise.
Kyrgyzstan Turns To Binance Founder CZ For Web 3 Direction
According to an X post by Kyrgyzstan President Sadyr Zhaparov, the Central Asian country has inked a deal with CZ. The Binance founder and the National Investment Agency signed a Memorandum of Understanding (MoU) to develop the local Web 3 ecosystem.
Signed with the consent of the president, parties will commit to building out a thriving cryptocurrency ecosystem for residents. To achieve this, the National Investment Agency will lean on Zhao’s expertise as the Binance founder takes on an advisory role.
“The signing of the Memorandum opens new horizons for the development of digital technologies and the blockchain ecosystem in the country,” said President Zhaparov.
Furthermore, CZ says the MoU will extend to distributed ledger technology (DLT) and real-world application of blockchain outside of speculation. However, while not expressly stated, pundits theorize that the founder of the top cryptocurrency exchange will explore cross-border use cases and other financial utility for cryptocurrencies.
There are plans to train residents on blockchain, cybersecurity, virtual asset management, and other emerging technologies. The economic impact of the Web 3 initiative is far-reaching and will contribute a chunk to Kyrgyzstan’s GDP by 2030.
CZ Excited To Take On The Advisory Role
CZ has expressed his commitment to the advisory role, noting that Kyrgyzstan is the latest in a line of MoUs. The Binance founder has previously provided advisory services in both official and unofficial capacities on cryptocurrency regulatory frameworks and real-world DLT applications.
“I find this work extremely meaningful,” said CZ.
Amid reciprocal tariffs affecting crypto prices, CZ disclosed that his advisory services to countries do not extend to geopolitics.
Apart from his advisory role, Zhao has donated a portion of his wealth to disaster relief in affected regions. The latest is a hefty donation of over $1 million to earthquake relief efforts in Myanmar and Thailand. Beyond charitable donations, the Binance founder has downplayed the impact of exchange listing on token prices.
