On paper, Pakistan has begun to conserve its sea. In July, the country created its third marine protected area around Miani Hor, a swampy coastal lagoon approximately 100km west of Karachi. This joins Astola Island and Churna Island, created in 2017 and 2024, respectively. These are meant to become safe havens for corals, fish and other marine species. But the reality of Pakistan’s marine protected areas (MPAs) is trawlers sweeping the seabed, discarded “ghost nets” entangling marine life, and fishers shocking their catch with electric currents. Pakistan has promised to protect 30 per cent of its ocean by 2030. At present, these three MPAs cover less than 1 per cent. “Pakistan is a very terrestrial country and most conservation efforts are based there, as people are starting to understand the issues and are loud about the problems,” explains Rab Nawaz, senior director for biodiversity programmes at WWF-Pakistan. He worries that Pakistan’s sea is consequently being overlooked: “We are already losing much of th...
Japan’s top banks plan to launch a joint yen-based stablecoin using MUFG’s Progmat platform to modernize payments and corporate settlements. Three of Japan’s largest banks reportedly plan to jointly issue a yen-pegged stablecoin, contributing to the region’s growing adoption of crypto technology within its financial infrastructure. Nikkei reported on Friday that Mitsubishi UFJ Financial Group (MUFG), Bank Sumitomo Mitsui Banking Corp. (SMBC) and Mizuho Bank plan to modernize corporate settlements and reduce transaction costs through a yen-based stablecoin project built on MUFG’s stablecoin issuance platform Progmat. The banks, which collectively serve more than 300,000 corporate clients, aim to standardize the token to make it interoperable for payments within and between companies. The consortium expects to roll out the stablecoin by the end of the year. Read more
Crypto market manipulation involves organized efforts to artificially move altcoin prices and mislead traders about their true value. Unlike Bitcoin, many altcoins have low liquidity and limited oversight, making them prone to price manipulation and insider exploitation. Sudden spikes in trading volume, large whale transfers to exchanges, token unlocks or social media hype often precede sharp declines. Platforms such as Nansen, DEXTools and LunarCrush help detect abnormal wallet activity, fake liquidity and sentiment manipulation. Read more