Today in crypto, the International Monetary Fund (IMF) has raised concerns about Pakistan's allocation of 2,000 megawatts of electricity for Bitcoin mining and AI data centers amid financial negotiations. The IMF is seeking urgent clarification on the legality of crypto mining due to Pakistan's ongoing energy shortages and fiscal pressures. Additionally, BlackRock reported a significant outflow of $430.8 million from its spot Bitcoin ETF, ending a month-long streak of inflows. This marks the largest outflow since its launch in January 2024. Furthermore, the MEXC exchange identified an alarming 200% surge in fraud attempts during the first quarter of 2025, including market manipulation and wash trading, with India being notably affected. The exchange flagged over 80,000 organized fraud attempts, highlighting the growing issues within the crypto trading environment.

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