When the world's second-largest economy sneezes, global markets pay attention. China, facing a deflating property bubble, is on the brink of implementing a massive monetary stimulus that will boost risk assets
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.
China’s benchmark government bond yield fell to a nearly 22-year low with experts attributing the development to a shift in investor behaviour towards fixed-income products amid a fragile economic recovery.
The Industrial and Commercial Bank of China (ICBC), the world’s biggest lender, recently published a report highlighting the potential of Bitcoin (BTC) and Ethereum (ETH). The report notably refers to Ethereum as “digital oil,” emphasizing its crucial role in the evolving digital economy.
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.