Financial repression: The new buzzword for bitcoin bulls

Your day-ahead look for Aug. 24, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Aug. 24, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Pakistan's Virtual Assets Regulatory Authority (PVARA) has launched a formal licensing framework for cryptocurrency businesses in the country. Crypto firms have been given until September 5 to submit applications for a no-objection certificate from the regulator. Companies that fail to meet the deadline will be required to cease their operations. The move marks a significant step toward bringing Pakistan's crypto industry under official regulatory oversight.

Cryptocurrency exchange Gemini has announced a partnership deal with Apex to broaden its presence in prediction markets. Under the agreement, Gemini would become the exclusive CFTC-regulated venue for crypto event contracts distributed through Apex's futures commission merchant. The tie-up is designed to give more traders access to regulated crypto-based event contracts. The deal reflects growing institutional interest in bringing prediction market products under formal regulatory frameworks.

Bitcoin traded relatively flat on Monday, hovering near the $78,000 mark after a significant rally the previous week. The cryptocurrency surged approximately 24% last week, marking its strongest weekly performance in three years. The rally was largely triggered by a Treasury buyback announcement, which caused a short squeeze that liquidated over $3 billion in short positions. Meanwhile, gold continued to climb and altcoins entered a consolidation phase following the broader market's strong weekly gains.

A Federal Reserve experiment has revealed a strong link between awareness of Bitcoin's historical returns and new crypto adoption. Households that were shown Bitcoin's prior-year performance were 23% more likely to report owning cryptocurrency in a follow-up survey. The findings suggest that Bitcoin price rallies play a direct role in attracting first-time buyers into the crypto market. The study highlights how past gains act as a powerful signal that draws in new retail investors.

Discussion (0)
Log in to join the discussion and vote.
Log in