Bitcoin Holds Steady Near $111K Amid Risks
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
China
Ethereum Onboards 1.4B Users with AliPay L2
@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
Binance Sees $600M China Renaissance Investment
@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
Gold Soars as China Seeks Custodianship
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
Digital Yuan Launches New Operation Centre
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
Yuan Adoption Surges: Cross-Border Flows 50%
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 Amid Sanctions
Russia revives barter trade to bypass Western sanctions, exchanging Chinese cars for grain and flax seeds for raw materials. #Update #Economy
Gold Purchases Surge: China Hits 10-Month Streak
China continues its 10-month gold purchase streak, even at record prices, boosting foreign reserves. #Update #Economy
De-Dollarization Accelerates: China Leads SCO
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) ↗
Stock Market Alert Steve Eisman’s Warning
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) →
Crypto Scam Ring Sanctioned by Treasury
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 Uncovers $23M Global Financial Network
Europol dismantled a network laundering $23M via cryptocurrencies and hawala, arresting 17 in Spain, Austria, Belgium; seized assets worth $3.5M. #Breaking #Legal (+9) ↗
Bitcoin Surge: Chinese Apparel Firm Invests
@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) ↘
Asian Investors Pivot to Gold Crypto
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) ↗