China is accelerating de-dollarization by using its Shanghai Cooperation Organization presidency to promote national currency usage and enhance financial cooperation, reshaping Eurasian economic ties. #Update #Economy (+4) ↗
Steve Eisman warns tariffs are his main stock market concern, citing complexity in EU negotiations and potential impact on AI growth amid trade tensions. #Update #Economy (+3) →
The U.S. Treasury sanctioned @FunnullTech for its role in a $200M crypto scam linked to China and the Philippines; the FBI seeks victim information. #Breaking #Legal (+9) ↗
Europol dismantled a network laundering $23M via cryptocurrencies and hawala, arresting 17 in Spain, Austria, Belgium; seized assets worth $3.5M. #Breaking #Legal (+9) ↗
@AddentaxGroup announced an $800M plan to acquire 8,000 $BTC and other crypto assets, causing ATXG shares to initially rise before falling below pre-announcement levels. #Update #Crypto $BTC (-7) ↘
UBS reports affluent Asian clients are shifting from US dollar assets to gold, cryptocurrencies, and Chinese markets amid US-China trade tensions. #Update #Crypto $BTC (+3) ↗
@GDCultureGroup raises $300M to acquire crypto assets, including $BTC and TRUMP token, boosting its stock price by 1.94% recently. #Update #Crypto $BTC (+3) ↗
Arthur Hayes of @BitMEX urges crypto investment amid US-China trade agreement, with $XRP, $TRX, and $DOGE seeing gains as tariffs drop 115% for 90 days. #Update #Crypto $DOGE (+6) ↗
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer report significant progress in trade talks with China’s Vice Premier He Lifeng to reduce tensions. #Update #Trade (+3) →
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, favoring rubles and yuan after a high-level meeting in Moscow on May 8. #Update #Economy (+3) ↗
China’s Ministry of Commerce warns global economy risks systemic damage if U.S. tariff policies escalate, criticizing coercive trade tactics isolating China. #Update #Trade (-5) ↘
China’s central bank added five tonnes of gold to its reserves in March amid rising US-China tensions, while $BTC remains stable above $87,000. #Update #Crypto $BTC (+6) ↗
Trump’s tariffs spark global concerns as China and BRICS accelerate de-dollarization, warns Chinese finance expert Zheng Runyu on potential US dollar decline. #Breaking #Economy (+9) ↘
Local Chinese governments are considering how to dispose of seized crypto assets, potentially conflicting with China’s trading ban, according to a Reuters report. #Update #Legal $BTC (-3) ↘
