A coalition of AI companies unveiled a Super Political Action Committee (SuperPAC), designed to influence US technology policy and strengthen the nation’s position in the global AI race, according to an Aug. 25 press release.

The group, Leading the Future (LTF), pledged to back candidates who support innovation while pushing back against legislation that could slow deployment.

The launch is backed by more than $100 million in contributions from high-profile investors and technologists. Notable supporters include venture capital firm Andreessen Horowitz (a16z), OpenAI’s Greg and Anna Brockman, Rob Conway, Joe Lonsdale, and AI startup Perplexity.

LTF’s mission

According to its mission statement, LTF intends to craft a bipartisan agenda that keeps the US at the center of AI development. The organization plans to build political networks across federal and state levels, ensuring technology-friendly candidates gain traction in future elections.

Collin McCune, head of government affairs at a16z, described the initiative as a milestone in the firm’s long-term strategy to support pro-technology lawmakers. He warned that failing to establish a favorable policy could cost the US its leadership role in the emerging industry.

Considering this, McCune stated:

“AI isn’t hype or science fiction, it’s already here. This technology can drive the next wave of American growth, create new jobs, and unlock productivity across every sector of the American economy. But make no mistake: this is also a race with China. If we don’t have the right policies, we risk ceding the future of AI, and with it, America’s economic strength and national security.”

The PAC will be directed by political consultants Zak Moffatt and Josh Vlasto. Initial operations will begin in New York, California, Illinois, and Ohio before expanding nationally in 2026. LTF will become active in the 2026 election cycle, financing campaigns aligned with its pro-innovation policy platform.

Following cypto’s example

The AI industry’s political push closely mirrors tactics used by the crypto sector during the last elections.

In the 2024 election cycle, crypto-funded PACs spent hundreds of millions to influence congressional races, from California’s Democratic Senate primary to tightly contested House contests in Virginia.

That investment has since paid significant dividends, with the US government now more inclined towards the industry and having implemented a series of pro-crypto initiatives designed to allow the space to thrive.

Still, the industry players have raised an additional $141 million to expand their lobbying presence in the forthcoming mid-term elections.

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Pakistan’s sprint toward a state-level Bitcoin strategy has drawn an influential new ally. On Sunday, June 15, entrepreneur-turned-Bitcoin evangelist Michael Saylor held a video meeting with Finance Minister Muhammad Aurangzeb and Minister of State for Blockchain and Crypto Bilal Bin Saqib to explore how the world’s oldest cryptocurrency could sit inside the country’s sovereign reserves. The Finance Ministry described the conversation as a “milestone” in Pakistan’s digital-assets agenda, and Saylor, whose firm Strategy holds the world’s largest corporate Bitcoin treasury, offered to continue “in an advisory capacity.”

Michael Saylor Joins Pakistan’s Bitcoin Pivot

According to the press note seen by local media Dawn, discussion centred on whether Bitcoin can underpin monetary resilience in an economy that has long relied on dollar liquidity and IMF balance-of-payments support. Saylor, credited with turning a mid-tier software vendor into a $100-billion market-cap vehicle for Bitcoin exposure, framed the asset as “the strongest instrument for long-term national resilience.” He argued that Pakistan can seize a “once-in-a-generation opportunity to leapfrog into the future of finance,” echoing his thesis that digital scarcity is an antidote to fiat debasement.

The video feed, later posted to X by Finance-Ministry media chief Hamid Raza Wattoo and widely circulated by crypto outlets, captured Saylor linking capital flows to reputational credibility. “The most important thing is leadership — intellectual leadership — and that they trust you,” he told Aurangzeb and Saqib. “If the world trusts you and they hear your words … the capital and the capability will flow to Pakistan. It’s there; it wants to find a home.” He closed by saying, “I look forward to working with you.”

Aurangzeb, who heads the newly created Pakistan Crypto Council (PCC), responded that Islamabad “aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation and inclusive growth.” Saqib called Saylor’s trajectory proof that Bitcoin now carries “sovereign-grade” status. “If private individuals can build that in the US, why can’t Pakistan, as a nation, do the same? We have the talent, the story, and the energy,” he said.

Saylor’s credibility in the role is anchored in Strategy’s 582,000-Bitcoin cache, currently valued at roughly $61 billion, amassed through successive equity and debt offerings since 2020. His endorsement comes as Pakistan tries to codify rules for custody, mining and taxation. The PCC, launched in March, has already formed a technical committee for a draft Digital-Assets Act and is coordinating with the State Bank of Pakistan, the Securities and Exchange Commission and the Financial Action Task Force. Parallel legislation would create the Pakistan Virtual Assets Regulatory Authority (PVARA) as an umbrella watchdog.

Yet the legal landscape is still contested. Only two weeks ago, senior State Bank officials reminded lawmakers that “cryptocurrency remains banned” under existing directives and that enforcement cases are being forwarded to law-enforcement agencies. The juxtaposition of an official Bitcoin reserve with a de jure ban has produced what Dawn characterised as a “policy in disarray.”

Pakistan’s political leadership has nevertheless accelerated operational plans. In late May Saqib unveiled a state-managed Bitcoin cold wallet at the Bitcoin 2025 conference in Las Vegas and secured Cabinet approval to dedicate 2,000 megawatts of surplus power for Bitcoin mining and AI data-centre workloads. The capital-hungry energy policy is seen in Islamabad as a way to monetise excess generation capacity while building a strategic stockpile of BTC that could, in theory, diversify external reserves currently dominated by dollars and gold.

Saylor’s expected advisory remit has not yet been formalised, and neither side disclosed whether Strategy would take a commercial stake. But the meeting underscores Pakistan’s intent to import not just technology but also intellectual capital. Saqib, fresh from a US roadshow that included talks with New York City Mayor Eric Adams and the New York Crypto Council, noted that “Pakistan is establishing itself as a key player in the global cryptocurrency economy and setting trends rather than following them.”

For now, the largest obstacle remains regulatory coherence. A sovereign Bitcoin reserve, ministerial advocacy and Saylor’s star power have vaulted Pakistan into the global spotlight, but a statutory framework acceptable to both domestic regulators and the IMF will determine whether the country can convert momentum into durable policy.

At press time, BTC traded at $106,613.

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XRP changed hands at roughly $2.30 in early European trading on Tuesday, extending a two-day bounce that has pulled the token back toward the upper half of the seven-month range that has confined it between about $2.00 and $2.80 since December. Analyst Quantum Ascend argues that this compression phase is now approaching a technical fulcrum that will determine whether the next move is an impulsive wave-three surge or one final wave-two washout.

XRP Tightens Into Decision Zone

In a video posted on 9 June, the trader noted that “we’ve been in this range… since early December… between like $2.80 and $2.00 just bouncing the whole time,” before zooming out to show what he calls the only Elliott-wave count that “makes sense”: a completed five-wave advance from last year’s lows followed by a five-wave corrective pull-back. “Right now we’re looking at a one-two-three-four-five on the way down… that’s the macro two… and now we’re waiting on three-four-five,” he said, adding that XRP still represents about 12.5% of his portfolio despite his tactical rotation into “alts with more gas left.”

Quantum Ascend’s Fibonacci mapping reveals that the token has already retraced slightly more than 50% of its preceding leg higher—a textbook depth for a second-wave correction—and that the sell-off bottomed in the price region that coincided with the fourth wave of the prior move. “Makes sense, perfect spot for us to bounce,” he told viewers after plotting the swing low against the 0.5 Fib level.

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Whether that bounce blossoms into a sustained breakout, he stressed, ultimately hinges on the market leader: “I think Bitcoin’s gonna make the decision for us,” he said, pointing out that XRP’s fate remains tightly coupled to any directional conviction in BTC. Bitcoin’s own advance toward key retracement resistance could, in his view, drag major altcoins—including XRP—into their respective inflection zones.

The analyst now fixes on the 0.618–0.786 Fib band, which corresponds to $2.42–$2.52, as the “decision zone.” “There’s gonna be an area that we gotta be careful of… statistically it’s the area we’re most probable to roll over… between $2.42 and $2.52,” he warned, outlining the risk that XRP forms an A-B-C zig-zag and revisits lower supports before the larger impulsive leg begins. A rejection there would map onto the classical script of a complex second wave that fakes out early longs one final time before relinquishing control to bulls.

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Macro currents may soon add fuel. XRP’s next potential volatility catalyst is the US Securities and Exchange Commission’s 17 June deadline on Franklin Templeton’s spot-XRP exchange-traded fund proposal—a ruling some desks see as the token’s analogue to January’s Bitcoin ETF moment. While ETF speculation has helped price reclaim higher ground this month, XRP remains almost a dollar below its January all-time high of $3.40, leaving the $2.42–$2.52 pocket as the most technically significant hurdle in the short term.

For now, traders will watch whether the current advance can print a daily close inside—or better, above—that corridor. A clean break would validate Quantum Ascend’s wave-three thesis and open the charts to measured moves targeting the mid-$3s. Failure, by contrast, risks a final capitulation toward the lower-$2 region before the larger bull structure can re-assert itself. Whatever the outcome, the analyst remains sanguine: “Whether it rolls over here one more time and we have to be patient or it just goes—that’s okay, because either way the end result is going to be the same.”

At press time, XRP traded at $2.28.

Featured image created with DALL.E, chart from TradingView.com

Bo Hines, the Executive Director for the President’s Council of Advisers on Digital Assets, believes the U.S. is positioned to become the “Bitcoin superpower” of the world, according to an April 29 interview with Bitcoin Magazine.

Bo Hines Talks Crypto Policy In New Interview

“I feel like we’re well on our way and have positioned ourselves to be the Bitcoin superpower of the world,” Hines told the media outlet.

The former football player pointed out U.S. President Donald Trump’s issuance of a January 23 crypto-focused executive order entitled “Strengthening American Leadership in Digital Financial Technology” as well as the creation of a strategic Bitcoin reserve as markers of crypto policy success.

Hines also seemingly took a swipe at the United States Securities and Exchange Commission’s (SEC) prior regulation-by-enforcement approach to the blockchain sector as a whole.

“This industry’s been a victim of lawfare like no other industry’s ever experienced,” Hines said, adding that what the sector has been able to do despite headwinds is “truly quite remarkable.”

Bitcoin Recovers From Recent Drop

Hines’ comments come ahead of the U.S. Treasury’s May 5 deadline for reporting on strategic Bitcoin reserve implications regarding law and investment considerations.

The impending deadline follows Trump’s March 6 executive order in which he vowed to develop a Strategic Bitcoin Reserve and digital asset stockpile from cryptocurrencies seized from criminal and civil forfeiture proceedings.

Bitcoin has seen a slight surge in value in recent days, with the cryptocurrency hovering around $94,000 despite a small dip on Wednesday.

On Monday, BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), amassed a record of nearly $1 billion in inflows—indicating a potential economic stronghold amid broader fears following the launch of Trump’s controversial “Liberation Day” tariffs earlier this month.

Despite IBIT’s success, it is unclear how Bitcoin may perform in the coming months as sweeping crypto policy changes are expected to be enacted.

The post Bo Hines Declares US “Bitcoin Superpower” as Trump’s BTC Reserve Takes Shape appeared first on Cryptonews.

Blockstream chief executive Adam Back has a huge prediction for Bitcoin’s (BTC) market cap.

Back says on the social media platform X that the business intelligence firm Strategy and other companies employing a BTC treasury policy “are an arbitrage of the dislocation between the Bitcoin future and today’s fiat world.”

“A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. Scalable enough for most big listed companies to move to BTC treasury.”

Back argues a strategy involving the flagship crypto is “a logical and sustainable arbitrage.”

“But not forever, the driver is Bitcoin price going up over four-year periods faster than interest and inflation. Post-hyperbitcoinization, mNAV probably trends to 1.”

MNAV stands for “multiple of net asset value,” and it refers to the ratio of a company’s stock price in relation to the value of the Bitcoin that the company holds per share.

Back also says BTC treasuries are part of a long-term effort to reprice the world in Bitcoin. The Blockstream CEO argues BTC will “become the hurdle rate for operating companies.”

Bitcoin is trading at $93,773 at time of writing. The top-ranked crypto asset by market cap is up nearly 8% in the past seven days.

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After a period of bullish performance, Solana seems to be losing its upward momentum. The altcoin faced significant resistance at the $141 level. Even though SOL’s price has slightly pulled back, the asset remains strong for a significant upside movement, as crypto analysts foresee a rally to new highs.

A Major Rally To New Heights For Solana Brewing?

With the general crypto market slowing to gain traction, Solana might be building up momentum for its next major price rally. Seasoned market analyst and trader, Captain Faibik, has outlined a promising development on the SOL’s chart that could trigger a move to a new all-time high.

After delving into SOL’s price chart, Captain Faibik revealed an emerging key chart formation, particularly an Expanding Triangle formation. This bullish pattern often indicates a potential upswing following a period of downside performance.

Looking at the chart, it appears Solana has reached a bottom, hinting at the end of the current correction wave, and is rapidly bouncing back strongly. As a result, Captain Faibik is confident that SOL can rally to the upper line of the triangle pattern, which is situated at the $300 mark, in the middle term.

If the altcoin can decisively reach the upper line of the pattern and break above, it might cause the anticipated upswing to extend toward other levels above $300. In the meantime, SOL is at a critical junction where its next trajectory could be shaped by whether buyers or sellers take control of the trend and the market.

With Solana witnessing an increase in on-chain activity and network growth, the asset can muster enough momentum to support the anticipated price rally to new all-time highs in the mid-term.

A few days ago, Solana experienced a huge uptick in large investors or whale activity as prices maintained a bullish trajectory. Ali Matinez, a technical expert and investor, revealed the rise in activity among big wallet addresses containing more than 10,000 SOL.

Martinez mentioned that the number of wallet addresses holding 10,000 SOL or more has risen from 4,943 to 5,019. “A subtle but notable uptick in large-holder activity,” he added. This growth represents a 1.53% increase in less than 2 weeks, reflecting strong conviction among large investors toward SOL’s future performance.

SOL Network Outperforms Ethereum

Despite ongoing volatility in the market, Solana is making strides in the staking arena. Recent reports from Binance partner and investor Ted Pillows show that SOL’s network has surpassed in terms of staking market cap.

While Ethereum’s staking ratio has increased by about 28%, SOL’s staking ratio has grown by over 68%. Given the rise in the staking ratio, Solana’s staked value is now worth $58 billion, marking a substantial increase from $7.5 billion.

SOL’s rapid growth in staking participation reflects resilience and continues to cement its position as a leader in the blockchain ecosystem. Meanwhile, SOL has now become the largest blockchain in the crypto sector by staked value.

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Bitcoin traded flat near $84,500 on Friday, holding its range as U.S. markets observed Good Friday.

With equities, bonds, and commodities largely offline, the crypto market offered a rare window into investor sentiment absent broader liquidity and institutional flow.

The muted price action followed a session on Thursday that saw sharp moves across traditional assets before the holiday shutdown.

Gold climbs, oil surges as macro signals diverge

Gold rose 1.74% on Thursday, bolstered by a convergence of dollar weakness and renewed physical demand.

As Reuters reported, Citi raised its three-month gold target to $3,500, citing supply deficits and increased purchases by newly authorized Chinese insurers. Physical tightness continues to shape the bullion market, with strategic allocations growing more common among state-linked institutions.

Oil registered a 5.04 percent gain after the U.S. announced fresh sanctions on Iran’s state-linked shipping firm, Sahara Thunder.

The Treasury Department’s move curtailed expectations of supply normalization, fueling concern over the availability of key Persian Gulf crude. The announcement came in thin liquidity, exaggerating price movements into the Thursday close.

U.S. dollar weakness further amplified both commodity moves. The dollar index fell 0.46% as the European Central Bank cut rates again and U.S. political uncertainty intensified.

President Trump revived speculation over Fed leadership by floating the potential removal of Chair Jerome Powell. That commentary, alongside renewed dovish pressure from Europe, weighed on the dollar and bolstered dollar-denominated alternatives.

Risk assets retreat on policy and legal uncertainty

S&P 500 futures dropped 1.1% before the close as traders de-risked into the long weekend. While cash equities were shut on Friday, Thursday’s sell-off was attributed to judicial and executive tensions over central bank independence.

Earlier this month, the U.S. Supreme Court issued a ruling potentially easing the path for removing the heads of independent federal agencies. Combined with White House commentary about replacing Powell, futures trading responded with reduced risk appetite.

Bond prices were also adjusted. U.S. 10-year Treasury prices declined marginally by 0.03%, with a slight yield uptick. New York Fed President John Williams pushed back on expectations for near-term easing, noting that inflation data, particularly from tariffs, did not warrant immediate action.

The next scheduled release of the Fed’s preferred inflation gauge, the PCE index, on April 30 adds pressure to reposition ahead of the data, even as fixed income desks prepared to close for the long weekend.

Chinese 10-year government bond prices remained stable, reflecting Beijing’s plan to hold Loan Prime Rates steady. Officials opted to maintain current levels to preserve financial stability, especially as the yuan showed resilience amid shifting global trade conditions.

Bitcoin rangebound as volatility concentrates elsewhere

Despite the activity in traditional markets, Bitcoin’s response was subdued. The digital asset held its level even as gold, oil, and equities reacted to macroeconomic and geopolitical developments.

That divergence, while not unusual during U.S. holidays, reflects both reduced institutional volume and the absence of a dominant crypto-specific catalyst.

In recent sessions, Bitcoin has mostly outperformed macro flows, diverging from its recent correlation with equity futures and inflation-sensitive assets.

Traders are watching for holiday developments in the ongoing global trade war, which has seen Trump escalate via Truth Social over the past weekends. Repositioning may begin when CME futures and bond markets resume trading.

Until then, Bitcoin is one of the few live indicators of sentiment in a macro environment increasingly shaped by policy signaling and cross-asset volatility.

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Solana appears to be gearing up for a major technical breakout, with recent price action building up an interesting chart formation. A familiar bullish pattern has formed, and if validated, it could drive the price to a level not seen in recent weeks. This new development was highlighted by popular analyst Titan of Crypto on social media platform X.

Pattern Breakout Sets $143 In Sight

Like every other large market-cap cryptocurrency, Solana has experienced an extended period of price crashes since late February. In the case of Solana, this price crash has been drawing out since January, when it reached an all-time high of $293 during the euphoria surrounding the Official Trump meme coin. Since then, Solana has corrected massively, even reaching a low of $97 on April 7. 

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The price action before and after this $97 low has created an interesting formation on the 4-hour candlestick timeframe chart. As crypto analyst Titan of Crypto noted, this formation is enough to send Solana back up to $143. 

At the heart of the latest bullish outlook is a clearly defined inverse head and shoulders structure, which is known for its reliability in signaling a reversal from a downtrend to a bullish breakout. The left shoulder of the pattern began forming in early April as Solana attempted to rebound from sub-$110 levels. The subsequent drop to the $96 bottom on April 7 formed the head of the structure. From there, a recovery started as buyers cautiously stepped back in, giving rise to the right shoulder.

The breakout of the neckline resistance has taken place in the past 24 hours. With this in mind, Titan of Crypto predicted that $143 becomes the next logical destination based on the measured move from the head to the neckline.

Image From X: Titan of Crypto

Momentum Strengthens With Structure Confirmation

Looking at the chart shared by the analyst, the momentum behind Solana’s price movement appears to be gaining strength. Trading volume is an important metric in evaluating the strength of a breakout, and the volume accompanying the recent breakout above the neckline seemingly confirms it.

Particularly, Solana has seen a 5.3% increase in its price during the past 24 hours, with trading volume surging by 3.76% within this timeframe to $4.21 billion.

Although it is common to see a throwback or minor consolidation just above the neckline, the projected path suggests continued upside as long as price action holds above that key breakout zone.

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At the time of writing, Solana is trading at $129, 10% away from reaching this inverse head-and-shoulder target. A move to $143 would not only represent a meaningful recovery from April’s lows but could also improve the confidence in Solana’s price trajectory moving into Q2. The next outlook is what happens after it reaches this target of $143, which will depend on the general market sentiment.  

Featured image from The Information, chart from TradingView

The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets.

In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws around stablecoins.

According to Ardoino, not only will Tether advise on the stablecoin bills unveiled this month, the firm will comply with the law whichever way the regulation goes.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard…

We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation. But there is still a lot of uncertainty over what’s actually going to happen, and we want our voice to be heard in the legislative process.”

Last week, Representative Bryan Steil of Wisconsin and Representative French Hill of Arkansas released a discussion draft of the STABLE Act of 2025, which seeks to provide a regulatory framework for the issuance and operation of dollar-pegged crypto assets in the US. According to Terett, Tether is engaged in the discussion of the bill’s draft.

Representative Maxine Waters of California and Senator Bill Hagerty of Tennessee also introduced stablecoin-related bills this month.

According to the report, compliance with the proposed bills from Tether’s perspective would mean submitting to monthly audits by a US accounting firm and to maintain a 1:1 ratio of reserves to assets that are pre-approved by regulators.

Currently, Tether’s website has a page entirely dedicated to transparency that updates data on its reserve assets on a daily basis. It shows that as of December 2024, Tether has $143 billion in net assets and $136 billion in total liabilities.

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