Today's Highlights: Digital Yuan International Center Launches in Shanghai & Crypto Market Updates

Digital Yuan International Center Goes Live in Shanghai

The Digital Yuan International Center has officially opened in Shanghai, offering three key platforms: a digital yuan cross-border digital payment platform, a blockchain service platform, and a digital asset platform. These platforms aim to facilitate cross-border payments and expand existing financial infrastructure to blockchain-based services. The People's Bank of China emphasizes the principles of 'harmlessness, compliance, and interoperability' for cross-border infrastructure development.

Trump Aide Ethics Scrutiny Over Chip and Crypto Deals

Billion-dollar deals involving a Trump aide, Steve Witkoff, are under scrutiny for potential conflicts of interest. This includes a $2 billion investment from a UAE sovereign wealth fund into crypto firm World Liberty Financial, co-founded by Witkoff and the Trump family. An AI chip export deal to the UAE is also being scrutinized.

Market Updates

* ETH Price: ETH price dipped below $4,000, down 4.12% on the day. * ASTER Withdrawals: A crypto whale withdrew 26 million ASTER from Gate, bringing their total holdings to $115.5 million. * Hyperliquid Launchpad: Hyperliquid's first launchpad was oversubscribed by 110x, raising $73 million.

Regulatory Developments

* Hong Kong: The Hong Kong Monetary Authority denied issuing any offshore RMB stablecoins. * Europe: Nine European banks plan to launch a MiCA-compliant Euro stablecoin by the second half of 2026. * Australia: The Australian government released draft legislation to regulate crypto asset platforms, extending financial services laws to the crypto industry. * United States: The IRS revised Form W-9 for 2026 to enhance digital asset compliance.

Opinions and Analysis

* Bitcoin Price Prediction: NBA player Tristan Thompson predicted Bitcoin could reach $150,000 by the end of 2025. Thompson is refusing to launch his own token and is looking forward to an executive role at a crypto company.

Funding and Acquisitions

* RedotPay: Stablecoin payment company RedotPay completed a $47 million strategic financing round led by Coinbase Ventures. * Bastion: Stablecoin startup Bastion completed a $14.6 million new round of funding led by Coinbase Ventures. * Keen Golden: Keen Golden, a joint venture of International Business Settlement Holdings, acquired nearly 106 Bitcoin.

Risk Warnings

Binance Alpha's new token GAIN dropped 95% in one hour, suspected due to a large issuance. Users should exercise caution and conduct thorough research before investing in new or small-cap cryptocurrencies. Remember that investing in cryptocurrencies involves significant risk. This article should not be considered financial advice. Always consult with a qualified financial advisor before making any investment decisions.

Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.

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