TuneInTalks
From Bitcoin News Alerts | Daily BTC News

2067: PAKISTAN BUILDING SECRET BITCOIN RESERVE - National Adoption Has Begun

August 3, 2025
Bitcoin News Alerts | Daily BTC News
https://feeds.libsyn.com/587535/rss

Bitcoin Bounces, Analysts See A 148k Target After a Measured Retest

Bitcoin is staging a familiar pattern: a retreat to an established support band followed by a reversal that can hand momentum back to buyers. The latest price action saw BTC dip into the 110–112k range, retesting the 50-day exponential moving average and the neckline of an inverted head-and-shoulders setup. Technical commentators point to that retest as a classic confirmation step before a fresh leg higher, with breakout targets clustered near 146–148k. On multiple timeframes—from the hourly rising wedge to the daily bull flags and monthly closes—traces of bullish momentum remain intact even as short-term corrections appear healthy.

What The Charts Are Telling Traders

Shorter timeframe charts show consecutive green candles and mild corrective red bars, while the daily and weekly frames preserve larger bullish structures such as bull flags and cup-and-handle targets. Traders watching for upward continuation will focus on whether the 50-day EMA holds as support and whether the inverted head-and-shoulders breakout can sustain the move toward the 146–148k range.

Security Spotlight: Elon, Quantum Claims, And Why It Matters

A surprising culture moment arrived when a widely followed public figure used proprietary AI to model the probability that quantum computing could crack SHA‑256, the hash function underlying Bitcoin keys. The analysis — shared publicly — reinforced the practical improbability of quantum attacks on Bitcoin today, reassuring many retail followers and reframing public conversation around cryptographic safety. While academic debate continues about future quantum advances, current cryptographic best practices and healthy key management remain the practical frontline for everyday holders.

Hacks, Heists And A Patient Phishing Attack

Security stories dominated headlines: a sophisticated phishing approval attack drained roughly $908,000 after attackers waited 458 days from the initial malicious approval to the final drain transaction. The episode underlines a recurring weak point: token approvals granted via hot wallets and browser plugins can give attackers long-term access if approvals are never reviewed or revoked. Separately, blockchain analysis retroactively linked an enormous 2020 mining-pool theft to weak random key-generation practices, reclassifying that incident among the largest heists ever revealed.

Practical Takeaway From On-Chain Forensics

  • Malicious approvals can remain dormant and become lucrative years later, so periodic audit of wallet permissions is essential.
  • Cold storage remains the most reliable protection against remote drains and phishing-based extraction.
  • Robust random number generation and secure developer environments are critical for custodial services and mining infrastructure.

Cultural Flash: The Missing Satoshi Statue And Why It Resonated

A public art piece honoring Bitcoin's pseudonymous creator was stolen from a plaza in Lugano, prompting a reward posting of 0.1 BTC for its return. The sculpture — engineered to visually disappear from certain angles in tribute to anonymity — captured both symbolic resonance and practical attention because of its unusual design and the way it sparked conversations about identity, public memory and the role of art in community tech branding.

Bitplomacy: Pakistan, El Salvador And A New Model Of Knowledge Sharing

Diplomatic ties between nations now include technology exchange focused on public sector applications of Bitcoin. Pakistan and El Salvador formalized a letter of intent to share technical know-how and to explore sovereign approaches to digital assets. Pakistan also allocated large-scale power resources—2,000 megawatts—for bitcoin mining projects as part of a broader plan to build a virtual asset economy and expand financial inclusion. The agreement signals that nation-states are experimenting with mutual learning frameworks for digital currency governance and infrastructure.

Why Governments Are Looking Toward Mining And Shared Learning

Large allocations of electricity, regulatory pilot projects, and formalized exchanges of technical expertise demonstrate a pragmatic shift: some governments see sovereign digital asset management as both an economic strategy and a geopolitical posture. The result is a hybrid of industrial policy and financial innovation aimed at drawing new capital and technical talent into the public sphere.

What Investors Can Do Right Now

Maintain basic on-chain hygiene: review token approvals, keep significant holdings in cold storage, and track whale profit-taking waves that often precede consolidation phases. For traders, monitor the 50-day EMA and the neckline retest; for long-term holders, use on-chain accumulation metrics to identify multi-month cooling periods that historically precede broader breakouts.

From macro headwinds that could trigger deeper pullbacks, to on-the-ground culture and diplomatic maneuvers reshaping national approaches to Bitcoin, the market remains a mix of technical setups, high-stakes security lessons and geopolitical experimentation. Whether watching the charts for a breakout to 148k, auditing wallet permissions to prevent patient phishing scams, or tracking nation-state initiatives that allocate megawatts to mining, today's landscape demands both technical discipline and attention to evolving institutional playbooks. The day’s coverage ties price action, cryptographic confidence, criminal forensics and international collaboration into a single story of a maturing Bitcoin ecosystem.

Key points

  • Bitcoin retested the 50-day EMA and the inverted head-and-shoulders neckline before rebounding.
  • Analysts target a classical technical breakout toward roughly 146–148k for the next leg up.
  • Elon’s AI modelling publicly reinforced the practical improbability of SHA‑256 quantum cracking.
  • A patient phishing approval attack led to a $908,000 wallet drain after 458 days.
  • Blockchain forensics retroactively linked a 2020 mining pool exploit to a multibillion-dollar theft.
  • Lugano’s satoshi statue was stolen, with 0.1 BTC offered as a reward for recovery.
  • Pakistan and El Salvador signed a bitcoin knowledge-sharing pact and Pakistan allocated 2,000 MW to mining.

More from Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts | Daily BTC News
2070: INDONESIA EYES BITCOIN RESERVE - $250K in 2025 Still In Play
A looming Bitcoin supply shock and a Japan dual ETF could reshape markets.
Aug 6, 2025
Bitcoin News Alerts | Daily BTC News
2068: FRANCE BACKS NUCLEAR BITCOIN MINING – Hash War Supply Shock
Watch the $110 support test and BlackRock’s ETF options shake up bitcoin demand.
Aug 4, 2025
Bitcoin News Alerts | Daily BTC News
2071: TRUMP MOVES TO PUT BITCOIN IN 401(k)s - Saylor Warns $50M BTC Inevitable
Trump cleared bitcoin for 401(k)s — could $12.5T send BTC parabolic?
Aug 7, 2025
Bitcoin News Alerts | Daily BTC News
2069: BRAZIL SETS AUGUST 20 HEARING ON NATIONAL BITCOIN RESERVE
Brazil’s historic bitcoin hearing could reshape reserves — listen for market-moving implications.
Aug 5, 2025

You Might Also Like

00:0000:00