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
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
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
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
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 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
Bitcoin remains steady near $111,000 amid global market caution due to China’s trade measures; total crypto market cap holds at $3.8 trillion. DOGE gains 4% daily. #Update #Crypto $BTC
@AntGroup launched Jovay, a Layer-2 blockchain on Ethereum for real-world asset integration, targeting 100,000 TPS. This could onboard 1.4B Alipay users into decentralized finance. #Update #Crypto $ETH
@ChinaRenaissance is planning a $600M investment product focused on $BNB, with $200M from @YZiLabs. This initiative aims to create a digital asset treasury company in the U.S. #Update #Crypto $BNB
China aims to boost its global gold influence by offering to hold foreign central bank reserves, with interest from at least one Southeast Asian country. Spot gold recently hit $3,784.74 per ounce. #Update #Crypto $BTC
China’s People’s Bank of China (PBOC) launched an international operations center for the digital yuan (e-CNY) in Shanghai, aiming to enhance cross-border payment efficiency amid a pause on tokenization efforts. #Update #Crypto $USDT
China’s yuan surpasses 50% in national cross-border flows, marking a de-dollarization milestone amid U.S. policy uncertainty. #Update #Currency
Russia revives barter trade to bypass Western sanctions, exchanging Chinese cars for grain and flax seeds for raw materials. #Update #Economy
China continues its 10-month gold purchase streak, even at record prices, boosting foreign reserves. #Update #Economy
