Water cannons were again used early on Wednesday to disperse PTI protesters staging a sit-in near Rawalpindi’s Adiala jail, after his family was denied a meeting with the ex-premier. Imran’s sisters, party workers and supporters had staged a sit-in at Factory Naka, demanding their court-mandated meeting with the PTI founder. A court order issued by the Islamabad High Court (IHC) on March 24 this year mandated that meetings with Imran would be permitted twice a week, on Tuesdays and Thursdays. However, the PTI maintains that the order is not being honoured. Despite the IHC’s order, Imran’s sisters — Aleema Khan, Uzma Khan and Noreen Khan Niazi — along with Khyber Pakhtunkhwa Chief Minister Sohail Afridi, have tried and failed to meet Imran over the past several weeks. Last Tuesday, after being denied a meeting with the PTI chief, his sisters and party supporters staged a sit-in, which was later dispersed with water cannons. Early on Wednesday, water cannons were again used to disperse the protesters, with poli...
Speed, which leverages the Bitcoin Lightning Network to facilitate USDT transfers, has secured $8 million from Tether and Ego Death Capital. Stablecoin giant Tether has led an $8 million investment round in Bitcoin startup Speed to support its mission in enabling more enterprise stablecoin payments on the Bitcoin layer-2 Lightning Network. “Speed’s architecture demonstrates how Lightning and stablecoins can operate together to move money at high scale with low fees, strong compliance, and global reach,” Tether said in a statement on Tuesday. “Speed’s execution and adoption signal that Bitcoin-rooted networks are ready for mainstream commerce,” Tether’s CEO Paolo Ardoino added. Read more
The number of crypto exchange-traded products is going to “accelerate forward at ridiculous speed” in 2026, according to Bitwise researcher Ryan Rasmussen. More than 100 crypto exchange-traded products could launch in quick succession in 2026, following recent guidance from the US securities regulator that drastically reduced the processing times for new funds, according to a Bitwise researcher. “From here we are going to accelerate forward at ridiculous speed,” Bitwise researcher Ryan Rasmussen said during an interview with the Bankless podcast on Tuesday. “We think over 100 crypto-linked ETPs will launch next year; those will be spot crypto, index, equities, smart beta, momentum, all kinds of things,” Rasmussen added. Read more
Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system. The Bank of Canada has signaled it will only approve high-quality stablecoins tied to central bank currencies to ensure stablecoins serve as “good money” under the country’s upcoming stablecoin regulations, expected in 2026. “We want stablecoins to be good money, like bank notes or money on deposit at banks,” Governor Tiff Macklem told the Montreal Chamber of Commerce on Tuesday. Macklem wants the stablecoins to be pegged at a one-to-one ratio to a central bank currency and backed by “high-quality liquid assets” that can be easily converted into cash. Such assets typically include Treasury bills and government bonds. Read more