$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash
Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
Reports claim that China wants to issue a yuan stablecoin, but it is not clear how that is compatible with its goals.
Wild rumors of a crypto ban in China started on Telegram and reached millions via Elon Musk’s X account. Thing is, it was fake news.
As a way to project confidence into FX markets amid trade wars, China defended its yuan with claims that its CBDC is booming.
Crypto exchanges with Chinese founders and customers were leading venues for attracting TRUMP memecoin purchases.