Bitcoin ETFs switch back to outflows as China’s DeepSeek spooks investors
Spot Bitcoin exchange-traded funds in the United States shifted back to outflows for the first time since President Donald Trump’s inauguration, triggered by the global adoption of the Chinese AI app DeepSeek, which spooked investors and led to massive liquidations across the crypto market yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs […]
China’s new rules force banks to flag transactions with crypto: report
China’s new rules require banks to flag risky transactions, including those involving crypto, making it harder for mainland investors to trade digital assets. China‘s foreign exchange regulator, the State Administration of Foreign Exchange, has rolled out new rules requiring banks to keep a closer eye on transactions involving digital assets, the South China Morning Post […]
China’s central bank spotlights Hong Kong’s crypto licensing system in new report
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024, China’s central bank the progress of cryptocurrency compliance in Hong Kong. The report acknowledged how […]
Bitcoin ETF ads spotted on China’s Alipay payment app
Some of Alipay’s mainland Chinese users saw ads inviting them to invest up to $137 daily in a fund with indirect exposure to a US spot Bitcoin ETF and Coinbase. Source link
‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express
Asia’s MicroStrategy Meitu has sold all of its 940 Bitcoin and 31K ETH while Sth. Korea looks to legalize corporate crypto buys. Asia Express Source link
