Chinese national Zheng Zhao appeared in a California court after extradition from the Netherlands over an alleged crypto scam. Prosecutors say conspirators converted $36.9 million into $USDT. #Breaking #Fraud $USDT
China’s 15th National Informatization Five-Year Plan calls for a national blockchain network by 2030 and legal standards to support its use in public services. #Update #Blockchain #China
Chinese prosecutors seek 61,896 $BTC held by British authorities, while a British court says Chinese law governs fraud victims’ ownership claims. No final decision has transferred the assets. #Update #Legal $BTC
Solana’s Accelerate event in Shanghai was postponed due to overwhelming turnout and police presence, raising concerns about China’s crypto ban enforcement. #Update #Crypto $SOL
Solana opens a Shanghai office, bypassing China’s crypto bans, and partners with state-backed builders, positioning itself for potential regulatory changes. #Update #Crypto $SOL
China’s AI-driven micro-startups boom with over 400 OPC communities; local governments offer subsidies to offset costs. Experts urge ecosystem support for sustained growth. #Update #Tech
China proposes a national blockchain network to integrate real and digital economies, supporting the ‘East data, West computing’ project. #Update #Blockchain
China’s Ministry of State Security warns that crypto anonymity is an illusion, as transactions are traceable via public ledgers and exchange data; privacy coins like $XMR omitted. #Update #Crypto $XMR
Lawmakers to assess cryptocurrency’s potential to expand financial access under authoritarian regimes; experts from @Anchorage and advocacy groups will discuss security, autonomy, and U.S. policy impacts. #Update #Policy
China’s Central Bank onboarded 26 banks to CBETS, enhancing cross-border digital yuan adoption. Mbridge hit $55B, with 95% in digital yuan, challenging SWIFT. #Update #Crypto
China plans a commercial rollout of Mbridge, challenging SWIFT with 470B yuan processed, after Sheikh Mansour’s 50M digital dirham transaction. #Update #Crypto $CNY
Anthropic halts global access to AI models Mythos and Fable 5 due to U.S. export controls, affecting crypto platforms like Coinbase. China-linked actors suspected of accessing Mythos. #Breaking #Security
Bank of China survey finds 95% of overseas firms plan to sustain or increase yuan usage, aligning with China’s internationalization goals. Only 4.1% expect to decrease usage. #Update #Finance
Coinbase CEO Brian Armstrong frames U.S.-China competition as beneficial, amid CLARITY Act debate and Jamie Dimon’s criticism, highlighting crypto rules as a U.S. competitiveness test. #Update #Crypto
