The crypto market surged on Sunday after US Treasury Secretary Scott Bessent confirmed that Washington and Beijing had reached a “framework” settlement to avert the 100% tariffs on Chinese items threatened earlier this month by President Donald Trump. Bitcoin rose 1.8% to commerce above $113,600, whereas Ethereum climbed previous $4,040. The complete crypto market cap…
China’s largest expertise corporations, together with Ant Group and JD.COM, have reportedly suspended their stablecoin tasks in Hong Kong after going through issues from Beijing authorities concerning non-public digital forex issuance. This quick regulatory intervention confirms the Chinese authorities’s unwavering dedication to state-controlled financial sovereignty, putting tight constraints on the nation’s Web3 aspirations. Currency Sovereignty…
The world crypto market misplaced almost $125 billion in worth inside hours on Friday after US President Donald Trump introduced plans for a “large” enhance in tariffs on Chinese imports and canceled his upcoming assembly with President Xi Jinping. Bitcoin and Ethereum led the decline as danger belongings bought off sharply following Trump’s remarks. Trump’s…
Reports recommend that the Chinese authorities may help utilizing yuan-pegged stablecoins for cross-border commerce and to compete with the US for financial supremacy. The US started its push for world financial dominance by means of dollar-pegged stablecoins with the passage of the GENIUS Act in July. China’s entry into this competitors might speed up the…
China has opened a digital yuan operations heart in Shanghai, advancing its central financial institution digital foreign money technique. The hub will handle cross-border fee networks, blockchain companies, and digital asset platforms. This initiative displays Beijing’s plan to internationalize the yuan and diversify international financial programs. Moreover, it actively seeks to cut back reliance on…
Jiuzi Holdings Inc. (NASDAQ: JZXN), a retailer and franchisor of New Energy Vehicles (NEVs) in China, noticed its shares briefly surge 55.5% in premarket buying and selling Wednesday. This occurred proper after the corporate introduced a $1 billion crypto funding plan. The technique focuses on Bitcoin (BTC), Ethereum (ETH), and BNB. A devoted threat oversight…
Reports point out {that a} Chinese monetary expertise firm is in preliminary discussions with the Abu Dhabi–based mostly Venom Foundation. While unconfirmed, these discussions spotlight Chinese corporations’ continued curiosity in exploring blockchain platforms for cross-border transactions, environmental reporting, and large-scale knowledge processing, reflecting a broader pattern of experimentation with superior digital finance infrastructure. Preliminary Discussions…
Shenzhen Futian Funding Holdings (SFIH) issued an RWA-based digital bond on Ethereum, elevating $700 million with Fitch’s A- score in Hong Kong. On August 29, the digital bond was listed within the Shenzhen and Macau markets. That is the primary time tokenized securities based mostly on a public blockchain have been allowed on conventional exchanges….
China is reportedly exploring the potential for utilizing yuan stablecoins for oil transactions, a transfer that would considerably advance the worldwide use of its foreign money. China Nationwide Petroleum Company (CNPC), one of many world’s largest power firms, just lately disclosed plans to start a feasibility research on utilizing stablecoins for cross-border settlements and funds….
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Chinese institutions rapidly adopt MicroStrategy-style digital asset treasuries despite regulatory complexities. Gate Exchange plans a compliant Japanese market entry by year-end, targeting high-penetration regions. Web3 finance transformation accelerates…