Market Analysis
The selling in Bitcoin and altcoin is not over yet, but data suggests that the nature of the CME Bitcoin and equities futures market open on Sunday will determine the direction BTC price takes.
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China Crypto News
China, a global economic powerhouse with the world’s largest population, drives significant global trade marked by rapid industrialization and economic growth. China once served as a center for crypto trading and had a vibrant ecosystem of exchanges. However, in 2017, the Chinese government outlawed domestic cryptocurrency exchanges and initial coin offerings (ICOs) because of concerns about financial stability.
China intensified its regulations in 2021 by focusing on crypto mining — once a massive industry in the nation — citing concerns about speculative risk, financial stability and energy usage. Despite its hardline stance on cryptocurrencies, China is actively pursuing blockchain technology adoption across various sectors, including finance, supply chain and urban planning.
Blockchain parks and incubators have been established in various provinces and towns to aid new businesses and established firms specializing in blockchain technology. With its Digital Currency Electronic Payment system — a state-backed digital currency managed by the People’s Bank of China — China is at the forefront of central bank digital currency development. China wants to internationalize its currency and lessen reliance on the United States dollar in international trade and finance, and its CBDC, the digital yuan, is a component of that effort.
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US spot Bitcoin ETFs logged $2.71 billion in weekly inflows, even as Trump’s China tariff comments triggered a brief market outflow.
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Bitcoin plunged to $102,000 in the Binance perpetual futures pair after Trump announced sweeping tariffs on China on Friday, reigniting fears of a broader trade and market sell-off.
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Bitcoin struggled to regain momentum as traders stayed cautious, gold hit record highs, and US-China trade tensions fueled a broader market sell-off.
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BitMEX co-founder Arthur Hayes argued Bitcoin cycles are driven by monetary policy rather than timing, and something’s very different this time around.
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Despite sanctions and scrutiny, the ruble-backed A7A5 stablecoin surged 250% in a day to reach a $500 million market cap, overtaking all non-US dollar rivals.
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Bitcoin price aims for $125,000 as the gold rally and reduced inflation risks strengthen investors’ conviction in interest rate cuts and a rally from alternative assets.
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Moody’s warns “cryptoization” is undermining monetary policy and bank deposits in emerging markets amid uneven regulatory oversight.
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DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading.
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China launched a digital yuan operations center in Shanghai focused on cross-border payments, blockchain services and digital-asset platforms.
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Governments around the world are exploring and launching stablecoins to remain competitive against dollar-pegged digital fiat tokens.
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The Bitcoin options market reflected caution, while top traders increased their bullish positions as optimism for a Federal Reserve rate cut grew.
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Next Technology Holding, China’s largest Bitcoin treasury firm, said it may buy more Bitcoin after filing to sell up to $500 million worth of common stock to fund additional purchases.
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Caixin removed a report claiming Chinese regulators are preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong.
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Jack Ma’s Ant Digital is tokenizing billions of dollars’ worth of Chinese energy assets on AntChain, with plans to list the tokens on offshore exchanges.
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