News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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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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Bitcoin and other hard money assets are the only way to fix the economic problems caused by currency debasement, analyst Luke Gromen said.
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The de-escalation of tensions and growing odds of a trade deal between the US and China are positive price catalysts for cryptocurrencies.
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Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong after Beijing regulators raised concerns over private firms issuing digital currencies.
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Ether’s price rebound potential hinges on improving US credit and labor data, as traders show caution after recent liquidations and volatility in derivatives markets.
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Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.”
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CMBI’s tokenization initiative with BNB Chain builds on its previous work with Singapore-based DigiFT, which tokenized its fund on Solana in August.
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Bitcoin’s energy-based economic model is set to benefit from the fiat “debasement” needed to fund the global arms race for developing the most advanced AI models.
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Friday’s flash crash reduced short-term risk appetite; it didn’t affect Bitcoin’s long-term potential, though it may have delayed a new all-time high by weeks or months.
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Analysts say confusion over China’s export rules rattled markets before Bitcoin miners led a swift recovery on Monday.
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Ether, BNB and Solana led as the crypto market powered back up after Friday’s flash crash, with crypto treasury firm BitMine capitalizing on the dip.
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Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signaled a willingness to negotiate.
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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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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 market sell-off.
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