Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins. Stablecoin plans have been hindered by growing concerns over the nation’s financial control and fears of potential misuse. In a recent
Bitcoin ETFs ended a four-day streak of outflows Wednesday, pulling in $91.6 million according to data from Farside Investors. The reversal suggests renewed investor confidence despite last week’s pullback and string of outflows, analysts told Decrypt. This week’s CoinShares Digital Asset Fund Flows report, published Monday, speculated that last week’s outsize outflows were likely a
Samson Mow, a vocal Bitcoin maximalist and the CEO at JAN3, has called on the global Bitcoin community to sign a petition on Change.org that urges the vandalized Satoshi statue in Switzerland to be restored. Mow wonders if the petition has reach the first necessary milestone of 1,000 signatures today. Community wants to have Satoshi’s
NodeOps, an AI-powered DePIN infrastructure, has revealed groundbreaking direct $NODE staking on BNB Chain. This landmark decision allows its users to carry out safe, non-custodial staking without involving any intermediate. In this growth, they will allow participants to use native tokens within the BNB Chain ecosystem, the $NODE tokens, to utilize the many functionalities provided
AscendEX, a dominant player in the crypto exchange ecosystem, has officially collaborated with MetaCarbon, the earliest reward-driven carbon management forum. The partnership attempts to leverage the potential of decentralized finance (DeFi), artificial intelligence (AI), and Web3 technologies to bolster reward-led carbon management. As per the platform’s announcement on X, the joint development promotes eco-friendly behavior
US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday. Spot Ethereum ETFs also rebounded, attracting $35.12 million in net inflows on Wednesday. Bitcoin has been trading in a narrow band between $114,000 and $115,000 in recent days. US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday, halting a four-day streak of
Bitcoin price is attempting to recover above the $114,200 zone. BTC is now consolidating and might attempt to clear the $115,500 resistance zone. Bitcoin started a recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with
Economist and Queens College Cambridge President Mohamed El-Erian made important assessments on US President Donald Trump’s dismissal of the Bureau of Statistics (BLS) President, the upcoming FED chair change, and interest rate cut expectations in the Morning Brief program. El-Erian argued that the Fed would have cut interest rates if it had known about the