The mysterious donor, who describes himself as an “ordinary computer programmer and entrepreneur” encoded disturbing messages in his onchain transactions. Mystery Chinese Programmer Burns and Gifts $7M in ETH Before Leaving Bizarre Messages Over the past week, a mysterious individual who calls himself “Hu Lezhi” burnt and donated $7 million worth of ether (ETH) before […]
Bloomberg reports that China’s Gaorong Ventures invested $30 million in Hong Kong’s Hashkey Group, valuing the crypto unicorn near $1.5 billion. Gaorong Ventures Bets on Crypto With $30 Million Investment in Hashkey Gaorong, an early investor in Chinese internet firms such as Meituan and PDD Holdings Inc., has entered the digital asset arena amid growing […]
These banks have sold out of some gold products intended for retail investors in China, as the recent surge in gold prices has led investors to reconsider gold as a hedge against potential macroeconomic instability, including a potential trade war. Banks Sold Out of Gold as Retail Investors’ Demand Rises in China Gold is shining […]
Two Chinese nationals were arrested in Thailand on Feb. 5, after a joint Thai-Chinese operation seized $2.5 million in USDT and other assets worth over $100,000. Scam Masterminds Linked to Human Trafficking A recent joint operation by Thai and Chinese law enforcement resulted in the seizure of $2.5 million worth of USDT stablecoins (84 million […]
Hong Kong has approved cryptocurrency as proof of assets for investor immigration, recognizing bitcoin and ethereum holdings in two cases under its HK$30 million residency requirement. Crypto as Proof of Wealth? Hong Kong Is Leading the Way Hong Kong has reportedly accepted cryptocurrency as proof of assets for investment immigration applications. Accountant Xiao Yaohe confirmed […]
Bitcoin’s correlation with global markets—attributed by some to increased institutional investment and algorithmic trading—challenges the narrative of it being a safe-haven asset, similar to gold. Bitcoin’s ‘Safe Haven’ Claim Challenged Following the U.S. imposition of a 25% tariff on Canadian and Mexican imports, bitcoin (BTC) briefly plummeted below $93,000, dragging the crypto market down. The […]
Economist Nouriel Roubini argues that China’s national pride makes it unlikely to yield to U.S. tariff pressure. No Respite for China Nouriel Roubini, an economics professor at New York University, warned the U.S. government that China is unlikely to yield to the Trump administration’s demands after being slapped with a 10% tariff hike. In a […]
While reports indicate that Canada and Mexico may be spared the tariffs instituted by the Trump administration, China was not included in those analyses. China was hit with a 10% tariff on imports beginning this week, which applies to all goods imported from China. Trump’s Trade Strategy Meets China’s Defiant Response Markets improved on Monday […]
The United States’ significant tariff hikes against Canada, Mexico, and China may pose the biggest macroeconomic risk in 2025. A Lose-Lose Path U.S. President Donald Trump’s steep tariff hikes against his country’s three biggest trading partners may be the biggest macroeconomic risk in 2025 yet, a former researcher with Binance China has asserted. In a […]
The U.S. has imposed new tariffs on Canada, Mexico, and China, igniting a trade war. Canada strikes back with billions in tariffs, Mexico retaliates, and China warns of consequences. US Tariffs on Canada, Mexico, and China Spark Retaliation and Economic Concerns A trade dispute is intensifying among the United States, Canada, Mexico, and China in […]