China Trims US Treasury Holdings to $651.1 Billion, Hitting an 18-Year Low
In recent developments, according to official data from the U.S. Treasury Department, China’s stash of treasuries fell to $651.1 billion in April, the lowest level recorded since September 2008. Nonetheless,…
The End of SWIFT’s Monopoly? China Tees up Commercial Launch of Rival Digit…
In recent developments, mbridge, now under Chinese leadership, would be preparing a commercial rollout with a Hong Kong-based entity to promote the blockchain-based digital yuan as a cheaper and easier…
Semafor: China-Linked Group Suspected of Accessing Anthropic’s Top-Secret AI
In recent developments, the Trump administration ordered Anthropic to restrict its most advanced cybersecurity artificial intelligence (AI) model on June 13, 2026, prompting the company to suspend access worldwide. Semafor…
Coinbase CEO Brian Armstrong: US-China Competition Is ‘the Best Thing to Ha…
In recent developments, coinbase CEO Brian Armstrong believes competition with China “might be the best thing to happen to America since the cold war,” arguing the rivalry will jolt a…
China’s top court to study rules for crypto and AI cases
In recent developments, china’s Supreme People’s Court plans to study adjudication rules for crypto and AI cases while the country’s crypto ban remains in force. Looking closer, market participants highlight…
China Confirms Participation in ‘First of Its Kind’ Anti-Pig Butchering O…
In recent developments, china confirmed its involvement in the operation that resulted in the arrest of 276 suspects and the closure of nine crime-focused facilities. The initiative might mark a…
China Unveils Jiuzhang 4.0: The Photonic Quantum Computer Defying the Laws of…
In recent developments, the new iteration of China’s Jiuzhang photonic quantum computer prototypes solved the Boson sampling problem much more quickly than the world’s most powerful computer. The computer represents…
China’s new online marketing rules tighten ban on crypto promotions
In recent developments, china’s new online marketing rules tighten an already sweeping crypto ban and place fresh pressure on financial influencers, echoing parallel crackdowns in Europe, Australia and the UK.…
Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says
In recent developments, circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China as currency competition shifts onto blockchain infrastructure. Key Takeaways:…
China already has the compute to train its own Mythos-like AI: Nvidia CEO
In recent developments, the amount of capacity and the type of compute it was trained on is “abundantly available in China,” said the Nvidia CEO. Looking closer, market participants highlight…
Ethereum Foundation sacks 20% of workforce amid strategic restructuring
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