BingX Crypto & Financial News
IMRACE: Reports indicate that China is developing digital assets unpegged from the yuan.
China restricts the unauthorized issuance of yuan-backed stablecoins, according to Bloomberg.
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BingX Crypto & Financial News
China restricts the unauthorized issuance of yuan-backed stablecoins, according to Bloomberg.
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The People's Bank of China and regulators have officially announced a comprehensive ban on all cryptocurrency activities, including trading, issuance, mining, and the use of unapproved RMB-pegged stablecoins. They also clarified that tokenization is prohibited unless approved within a designated financial framework.
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BingX Crypto & Financial News
China restricts the unauthorized issuance of yuan-backed stablecoins, according to Bloomberg.
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The People's Bank of China and regulators have officially announced a comprehensive ban on all cryptocurrency activities, including trading, issuance, mining, and the use of unapproved RMB-pegged stablecoins. Authorities also clarified that tokenization is prohibited unless authorized within a specific financial regulatory framework.
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European Commission President Announces 20th Russia Sanctions Package, Signals Action Against Cryptocurrency Platforms
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BingX Crypto & Financial News
European Commission President Announces 20th Russia Sanctions Package, Signals Action Against Cryptocurrency Platforms
The Deputy Chairman of the European Commission announced that the European Union will prohibit the digital ruble.
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MegaETH to use its own stablecoin for MEGA token buybacks.
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Current market trends remain volatile as investors monitor economic data and geopolitical developments.
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Current market trends show fluctuations across major indices as investors navigate economic data and geopolitical developments.
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BingX Crypto & Financial News
Bithumb users received an unexpected drop of 2,000 BTC instead of 2,000 KRW, prompting a more than 10% decline in Bitcoinβs price on the exchange below market levels. One user managed to sell the full amount on the open market.
Bithumb acknowledged transferring significant amounts of Bitcoin to clients, with some customers successfully liquidating the assets.
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Russiaβs Ministry of Finance has submitted a strategy paper in partnership with federal agencies and the Central Bank on βTokenization of Assets in the Real Sector.β The document aims to leverage blockchain technology to modernize asset management. Officials project that tokenization will increase asset liquidity, reduce costs, and lower investment barriers for retail investors. The initiative also seeks to enhance secured loan portfolios for lenders and bolster the countryβs appeal to international investors.
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Ondo launches Ondo Perps, a platform for trading perpetual futures on stocks and commodities. The company plans to develop a unified application that will facilitate 24/7 trading across cryptocurrencies, stocks, ETFs, and derivatives.
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BingX Crypto & Financial News
Tether has reduced its USDT supply by an additional $1 billion.
Circle has issued $1.75 billion in USDC today.
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Someone orchestrated a series of pump-and-dump schemes involving #ARC over the past several days. On February 3, the token surged to lead in open interest growth and became a top purchase across all centralized exchanges. Within a single day, ARC climbed more than 80% before significant sell-offs, near peak levels, caused a sharp decline in open interest. The token has remained among the top in declining open interest since 17:40 Moscow time on February 4.
This morning, open interest resumed rapid growth from 08:15, pushing ARC up by over 40%. However, following a peak at 18:30, the token's value declined again, erasing all gains.
#Careport π Chart
This morning, open interest resumed rapid growth from 08:15, pushing ARC up by over 40%. However, following a peak at 18:30, the token's value declined again, erasing all gains.
#Careport π Chart
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Todayβs Summary and Weekend Events: https://t.me/bingx1/2147483647
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The price of WLFI dropped more than 15% after Wintermute transferred tokens valued at over $1.3 million on Robinhood at 22:24 Moscow time. Shortly thereafter, WLFI ranked among the top selling tokens across all centralized exchanges at 22:30. The tokenβs value started to decline sharply approximately 30 minutes after the sales began.
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WLFI experienced a decline of over 15% following a transfer of tokens valued at more than $1.3 million by Wintermute to Robinhood around 22:24 Moscow time. Shortly thereafter, WLFI surfaced among the top traded assets on multiple centralized exchanges at 22:30. The tokenβs price began to fall sharply approximately 30 minutes after the sales started.
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President Trump signed an executive order authorizing the United States to impose a 25% tariff on any country conducting trade with Iran.
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ENS Labs will discontinue Namechain Layer 2 and fully transition ENSv2 to the Ethereum mainnet. [theblock.com]
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