AI Race 2026: US-China Battle Escalates
Raoul Pal warns the U.S.-China AI race is unprecedented, proposing Universal Basic Equity to counter AI-driven job automation. China excels in AI efficiency; U.S. leads in compute. #Update #AI
China
Bitcoin Surges Past $80K Testing $83K
China’s exports hit a record $359 billion in April 2026, driven by AI-related products, with semiconductor shipments up 100% year-over-year. Major US tech firms invest heavily in AI infrastructure. #Update #Crypto $BTC
China Defies US Sanctions on Oil
China’s MOFCOM invokes Blocking Statute against U.S. OFAC sanctions on five oil refiners, allowing Chinese firms to sue for losses and potentially forcing global companies to choose markets. #Update #Legal
Trump Threatens China with 50% Tariffs
Trump threatens 50% tariffs on China if it supplies weapons to Iran, amid U.S. intelligence reports of potential MANPADS delivery. Supreme Court limits tariff authority. #Breaking #Geopolitics
Apple Bans Jack Dorsey’s Bitchat in China
Apple removed @jack’s Bitchat from the China App Store on February 28, 2026, due to non-compliance with local security laws, impacting its availability in China. #Update #Legal
Bitcoin Faces Quantum Threats and De-anonymization Risks
Arthur Hayes warns AI’s rapid adoption could lead to significant job losses, impacting financial stability; Bitcoin alone won’t resolve economic issues. Retail investors may return as central banks drive riskier asset investments. #Update #Crypto $BTC
Blockchain Revolutionizes Cargo Data in Hong Kong
Hong Kong signs a memorandum of understanding with Shanghai authorities to develop a blockchain platform for cargo trade, aiming to streamline $1.5 trillion in annual financing and enhance cross-border trade efficiency. #Update #Crypto $BTC
Bitcoin Investor Breaks Silence on $436M Stake
Mystery surrounds a Hong Kong investor, Laurore, after a $436M stake in @BlackRock’s bitcoin ETF raises questions about capital flight and the identity of director Zhang Hui. #Update #Crypto $BTC
China Bans Crypto Tightens RWA Stablecoin Rules
China has expanded its cryptocurrency ban to include the tokenization of real-world assets and offshore stablecoins tied to the yuan, requiring regulatory approval for such activities. #Update #Crypto $CNY
China Bans Stablecoins and Asset Tokenization
Chinese regulators expand their crackdown on crypto, enforcing strict rules on stablecoin issuance and asset tokenization, reiterating the ban on trading digital currencies like $BTC and $ETH. #Update #Crypto $USDT
Bitcoin: Schiff Claims China Unfazed by Crypto
Peter Schiff criticizes Trump’s goal to make the U.S. the “Bitcoin capital,” arguing it misallocates resources compared to China’s focus on industry and gold. #Update #Crypto $BTC
Bitcoin Faces Intensified Crackdown on Stablecoins
Mainland China vows to intensify its crackdown on virtual currencies, labeling all related activities as illegal financial operations, while Hong Kong supports crypto initiatives. #Update #Crypto $BTC
Central Bank Approves Cryptocurrency Asset Status
The People’s Bank of China (PBC) has reaffirmed its ban on cryptocurrencies and stablecoins, clarifying that virtual currencies cannot be used as legal tender or for market activities. #Update #Crypto
Bitcoin and Ethereum Steady Ahead of CPI
Bitcoin trades at $108,164, down 2% weekly; Ethereum at $3,815 as traders await CPI data. Polymarket shows 77% chance of U.S.-China tariff agreement by Nov. 10. #Update #Crypto $BTC $ETH