Crypto Weekly Recap: From $500M Liquidations to Google’s Blockchain Move

The crypto market has seen a whirlwind of developments this week, shaping narratives from Wall Street to Islamabad. Here’s a breakdown of the top 8 stories you need to know:

1. $500 Million Crypto Liquidations

Volatility struck again as over $500 million was liquidated across major exchanges in just 24 hours. Both long and short traders felt the impact, showing that leverage remains one of the riskiest strategies in crypto.

2. Federal Rate-Cut Uncertainty Pressures Crypto

Markets had been expecting a September rate cut, but the Federal Reserve’s mixed signals have created uncertainty. Bitcoin and altcoins have struggled to find direction as traders balance macroeconomic cues with crypto fundamentals.

3. Eric Trump Predicts $1M Bitcoin

At the Hong Kong Bitcoin Conference, Eric Trump stunned audiences by calling Bitcoin a “future $1 million asset.” While bold, the prediction highlights how Bitcoin continues to gain attention from influential political and business figures.

4. Trump Media Teams Up with Crypto.com

In another Trump-linked headline, Trump Media announced a partnership with Crypto.com. The deal signals a push into blockchain-enabled media, potentially paving the way for tokenized engagement and digital payments within Trump’s media ecosystem.

5. UK to Introduce New Crypto Laws

The UK government is drafting new crypto regulations aimed at fostering innovation while protecting consumers. Industry experts see this as a positive move that could position the UK as a competitive hub for Web3 startups.

6. Pakistan’s PVARA Holds First Board Meeting

In a historic step, the Pakistan Virtual Assets Regulatory Authority (PVARA) held its first board meeting in Islamabad. With support from the Finance Ministry, Pakistan is now moving toward a clear framework for crypto, taxation, and peer-to-peer transactions. This could make Pakistan a regional leader in South Asia’s digital economy.

7. Bitcoin Miner Iren Partners with Nvidia for AI

Australian Bitcoin mining firm Iren announced a partnership with Nvidia to expand into AI computing. The deal highlights how miners are diversifying revenue streams amid fluctuating BTC prices by tapping into high-demand AI infrastructure.

8. Google Unveils Its Own Blockchain (GCUL)

In a massive tech development, Google announced its own layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). While details are still emerging, the move signals that Big Tech is ready to compete head-on in Web3 infrastructure.

From global regulation to billion-dollar liquidations, and from Trump family headlines to Pakistan’s first step into formal crypto oversight, the past week shows how fast crypto is evolving.

The message is clear: crypto is no longer a side story; it’s at the center of finance, technology, and policy worldwide.