Stablecoin issuer Circle faces lawsuit over $280M Drift Protocol hack
Circle was accused of aiding and abetting the conversion of the stolen funds and negligence after it did not freeze funds stolen from the Drift Protocol in April.
Bitcoin eyes $90K as whales absorb 20x daily BTC supply in 30 days
Bitcoin price has entered the breakout stage of a classic bullish reversal pattern and is now eyeing a run toward $90,000.
Bitcoin liquidations top $283M after short squeeze sends BTC price above $75K
Bitcoin consolidates between $73,000 and $75,000 as liquidations trigger a short squeeze, but weak spot demand keeps the upside momentum in check.
Bitcoin funding rate stays negative even as BTC price trades above $75K: What gives?
Bitcoin’s futures funding rate has remained negative even as BTC bounced back above $75,000. Should traders be worried?
Saudi Arabia announces additional $3bn financial deposit for Pakistan
Prime Minister Shehbaz Sharif and Crown Prince Mohammed bin Salman during the former’s visit to Saudi Arabia, April 15, 2026. — X@PakPMOSaudi Arabia extends existing maturity of $5 billion deposit.Riyadh announced financial support on royal directives: SPA.Reaffirms commitment to…
Increased hydropower generation to ease loadshedding across country: minister
Federal Minister for Energy Awais Leghari addresses a news conference in Islamabad, April 16, 2026. — Screengrab via YouTube/Geo NewsLNG supply suspension results in over 3,000MW shortfall: minister.Govt generating around 1,400MW using furnace oil, says Leghari.Leghari cautions…
Oil little changed on scepticism US-Iran peace talks will ease Hormuz disruption
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. — ReutersUS expresses optimism on reaching a deal with Iran.Iran offers allowing ships to exit Oman side of Hormuz.US crude, fuel stocks fall on strong export demand.
Oil…
Threat of grounded planes nears as jet fuel supplies dwindle
The logo of German airline Lufthansa is seen on several aircraft on the tarmac at Frankfurt Airport, Frankfurt am Main, western Germany, on April 15, 2026. — AFP
PARIS: Could planes soon be stuck on the ground due to a lack of fuel? The risk of jet fuel shortages is growing each day…
SBP gets $2bn Saudi inflow, strengthens foreign reserves
A representational image of a money exchanger counting dollar bills and a stack of rupee notes is seen in the background. — APP/FileSBP receives funds from KSA’s Ministry of Finance.Development comes during PM Shehbaz’s ongoing KSA visit.Pakistan faces $3.5bn repayment to UAE this…
SBP permits bank accounts for licensed virtual asset providers
An undated image of the State Bank of Pakistan building in Karachi. — AFP/FileBanks may open accounts after PVARA verification.Separate client money accounts made mandatory.AML and compliance rules remain strict.
The State Bank of Pakistan has allowed financial institutions to open…