By Emir Abyazov Key highlights: China may allow yuan-pegged stablecoins to boost its global currency influence. Conflux has already launched a CNH-backed stablecoin for cross-border payments. Policy shift challenges dollar dominance amid growing global stablecoin adoption. China is reportedly considering allowing stablecoins pegged to the yuan for the first time, signaling a major reversal […]
Tag: ETH
By mrblockchain Key Points: The Crypto Fear and Greed Index dipped into “fear” territory at 45 before rebounding to neutral at 50. July’s FOMC minutes heightened uncertainty, coinciding with declining ETF inflows and treasury accumulation. Over $1 billion in liquidations occurred across crypto derivatives markets in three weeks, amplifying volatility. Bitcoin retreated from $124,000 to […]
By Martin Young Around 33,700 Bitcoin options contracts will expire on Friday, August 22, and they have a notional value of roughly $3.8 billion. This expiry event is smaller than last week’s and unlikely to influence spot markets, which have started to move higher after a mid-week correction. All eyes are on the Federal Reserve […]