Pakistan established its virtual asset regulatory regime in under six months using only 8% of its approved budget, according to Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority.
Strategy CEO Phong Le defended the company's recent digital asset sales as the right trade to build cash reserves and strengthen its balance sheet, as the largest corporate holder of bitcoin resumes purchases.
Bitcoin dropped over 2% to trade at $77,363 as escalating military conflicts between the United States and Iran prompted a risk-off investor stance and rising oil prices.
Bitcoin defied traditional summer slumps by recording its third-best August in history, generating 25% in returns driven by shifting U.S. Treasury policies, ETF inflows, and regulatory developments.
BlackRock's iShares Bitcoin Trust has surpassed Vanguard's S&P 500 fund in total returns since launching in January 2024, climbing 71 percent despite experiencing significant market volatility.
South Korea's Bitcoin Kimchi Premium has returned, featuring higher prices on local exchanges like Upbit due to strong retail demand and strict capital controls amidst broader cryptocurrency market gains.