In a strategic move to harness the burgeoning $25 billion crypto market, Pakistan establishes the Pakistan Digital Assets Authority (PDAA). The country intends to establish a comprehensive crypto regulatory framework and ensure compliance with global financial standards. Will this move position Pakistan as a leader in the global crypto market? Notably, the PDAA will oversee licensing, compliance, and innovation in the crypto and blockchain sectors, regulating a broad range of areas, including stablecoins, digital wallets, tokenized platforms, exchanges, custodial services, and DeFi applications, all under a unified and adaptable framework. Pakistan to Oversee Crypto Market via PDAA: Know Details In a bid to boost the growth of its vast crypto market, Pakistan has unveiled PDAA, an organization to regulate the blockchain-based financial sector. With the establishment of the PDAA, Pakistan joins the ranks of progressive economies like the UAE, Japan, Singapore, and Hong Kong, which have already set up robust… Read More at Coingape.com
Coinbase, the largest digital assets exchange in the United States, has revealed that residents across five states have missed out on more than $90 million in potential staking rewards since June 2023.
The exchange explained that the missed earnings stemmed from these states’ ongoing legal actions against the platform’s staking services.
Coinbase Pushes Back Against Outdated Staking Bans in US States
On April 25, Coinbase publicly urged California, New Jersey, Maryland, Wisconsin, and South Carolina to lift their restrictions against its staking services.
According to the exchange, removing these restrictions would align these states with the Securities and Exchange Commission (SEC). Notably, several other states have already abandoned similar efforts.
Coinbase argues that the holdout states have imposed outdated and misdirected bans. The company stresses that regulators originally designed cease-and-desist orders to combat scams, not legitimate financial services like staking.
Considering this, the firm warned that the financial impact on residents will continue to grow unless the restrictions are lifted soon.
“The holdouts actively harm their consumers by barring their access to safe wealth generation tools like staking. They’ve cost these Americans tens of millions of dollars in potential earnings – and counting,” Coinbase’s chief legal officer Paul Grewal said on X.
Beyond lost earnings, Coinbase believes these state-level actions harm consumers by limiting their choices.
The exchange warned that residents might be forced to seek staking options through less secure, lightly regulated platforms. This shift could expose users to higher risks without the protections offered by licensed and established exchanges.
“By singling out Coinbase, these holdout states are arbitrarily picking winners and losers. That’s the job of consumers, not state bureaucrats. Their actions not only deprive consumers of competition and choice, but also push them towards potentially less regulated (or unregulated) staking platforms,” Coinbase stressed
Coinbase also raised concerns about the wider effects on the crypto industry. The ongoing bans, it said, add to the regulatory uncertainty that continues to cloud the US digital asset market.
“Against this backdrop, continued litigation by the holdout states is more indefensible than ever. These lawsuits don’t protect consumers – they confuse them and expose them to greater risk,” Coinbase stated.
The firm emphasized that dropping the staking restrictions would benefit residents and promote safer innovation. It added that this move would help create a stronger, more competitive crypto economy in the United States.
On April 11, 2025, China’s State Council Tariff Commission issued an official notice announcing an increase in additional tariffs on imported US goods—from 84% to 125%. The new rate takes effect on April 12.
This move directly responds to the United States’ decision, announced on April 10, to impose a “reciprocal” 125% tariff on Chinese exports to the US.
Crypto Market Stays Calm Amid Escalating US-China Trade War
Despite escalating tensions between the world’s two largest economies, the cryptocurrency market has shown remarkable stability. Investors appear unfazed by the intensifying trade conflict.
Crypto market capitalization remains around $2.5 trillion. Bitcoin’s price holds above $81,000 after recovering 10% since April 9, when Trump announced a 90-day tariff pause, excluding tariffs on China.
According to the Chinese statement, the tariff hike follows China’s Customs Law, Tariff Law, and Foreign Trade Law. The government reaffirmed its commitment to international rules. It accused the US of violating global trade norms and called Washington’s policy “unilateral bullying.”
Notably, China warned that it would not respond to further tariff increases from the US, arguing that American goods have already lost their competitiveness in the Chinese market at the current tariff level.
“Given that US exports to China are no longer market-viable under the current tariff rate, China will not respond further if the US continues to raise tariffs on Chinese goods,” the statement said.
The tariff dispute is not new. Since 2018, the US and China have imposed retaliatory tariffs on each other. Key sectors affected include agriculture, tech, and energy.
The latest hike pushes tariffs to a record 125%. Economists warn this could disrupt global supply chains, raise prices, and add pressure to inflation in both nations.
China’s tariff hike sends a strong message about its tough stance in trade negotiations. While the crypto market remains stable for now, analysts urge investors to monitor upcoming developments—especially any potential response from the US.
If no resolution is reached, the ongoing standoff could trigger a broader economic fallout. The world is now watching to see whether the trade war will de-escalate or further entrench the divide between the two economic superpowers.
The Solana price continues to grind, aided by the ongoing resurgence of its meme coin ecosystem. It has risen for four days straight and has settled at its highest point since March 3. SOL has jumped by 60% from the year-to-date low. So, will the SOL price jump to $200 or drop and retest its old lows?
Crypto Analysts are Bullish on the Solana Price
Solana price rallied as most meme tokens in its ecosystem jumped. Fartcoin price has risen by 455% from its March lows, bringing its market cap to over $1B. Other popular tokens like Bonk and Dogwifhat have also jumped. This growth has led to increased activity in its DEX networks, such as Raydium, and higher fees.
Solana price has also jumped as two Wall Street firms have raised capital to accumulate it: Janover and Upexi. Janover has already spent over $20M and is expected to spend $42 million in its acquisition spree. Upexi aims to raise capital and acquire SOL coins and replicate MicroStrategy’s approach.
Crypto professionals on X are optimistic that the Solana price will continue to grow. Christiaan, a popular pro, pointed to the fact that it has formed a giant falling wedge pattern. He expects it to keep rising and ultimately hit $250.
Solana Price Forecast
The value of SOL may also surge because of Paul Atkins, the new SEC chair who may decide to accept its ETFs. Unlike Gary Gensler, he may also accept these ETFs with staking features.
SOL Analysis: C&H Pattern Signals More Gains
The chart above provides a clearer Solana price prediction. It shows that the coin has been forming a cup and handle pattern since at least 2021.
The upper side of this cup was at $261, its highest point in 2021. It briefly rose above that level this year, in what seems to be a false breakout. The recent pullback has formed the handle section of this pattern.
Solana’s Cup & Handle is about 98% deep, and measuring the same distance from the upper side points to more gains to over $500 in the long term.
Furthermore, the Solana price also formed a megaphone pattern, comprising two ascending and diverging trendlines. Therefore, the coin is likely to continue rising, with the initial target to watch being the psychological $200 level.
Solana Price Chart
A drop below $95.55, the lowest swing this month, will cancel the bullish outlook and signal that there are still more sellers keen on pushing it lower.
