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Mainland China chipmaking capacity set to outpace Taiwan by 2030

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Mainland China chipmaking capacity is accelerating, now poised to become the world’s leading semiconductor foundry hub by 2030, and overtaking Taiwan in total capacity, according to the latest projections from Yole Group. Chinese dominance in this field is fueled by the country’s push to manufacture its own tech as U.S. export restrictions continue to ramp […]

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This Chinese Company is Buying a Lot of BNB, Aims to Own Billion Worth

This Chinese Company is Buying a Lot of BNB, Aims to Own $1 Billion Worth

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This acquisition from Nano Labs comes following their accumulation of Bitcoin, which is also part of their corporate treasury. According to the most recent data from BitcoinTreasures, the company has exactly 1,000 BTC stashed, ranking it 31st in the list of corporate treasuries holding the leading asset. A New Crypto Asset For Corporate Treasures Nano

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FTX Wants to Block Claims from 49 Countries, Including China: Users Rage

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Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions. This could disproportionately impact Chinese users, who reportedly represent 82% of the affected claim value. Navigating Legal Minefields in Restricted Jurisdictions The FTX proposal, detailed

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Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar

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Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter

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Dollar-Pegged Tokens Beat Yuan 80:1 – Can China’s Stablecoin Strategy Close Gap?

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Key Takeaways: Zhongtai Financial International Chief Economist Li Xunlei argues China should pursue a yuan-pegged stablecoin strategy to counter U.S. dollar dominance. Li recommends pilot programs in free trade zones and Belt and Road countries, with legal and regulatory frameworks in place. He urges the People’s Bank of China to apply unified regulatory principles and

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Yuan vs. Greenback: China’s Quiet Campaign for Financial Supremacy

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Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline Aids Yuan China is intensifying efforts to elevate the yuan’s international standing and challenge the U.S. dollar’s global dominance, seizing an opportune moment as international

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Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins

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According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push for

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China Continued Trimming Exposure to US Debt in April

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China reduced its position on U.S. debt in April, reaching a 16-year record low in its holdings. The reduction is related to the ongoing tariff war scenario, where tensions between the two countries have escalated due to the enactment of sky-high fees. China Reduced U.S. Debt Exposure in April, Reached 16-Year Record Low Numbers emanating

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Putin and XI to Kickstart Global South BRICS Investment Platform

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Vladimir Putin and Xi Jinping are discussing launching a platform that will offer investment initiatives under a BRICS-Global South inclusive banner, which will be detailed next month. Putin and Xi: BRICS to Unveil Global South Inclusive Investment Platform Vladimir Putin and Xi Jinping, leaders of two of the world’s largest countries, are developing a platform

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Chinese Bitcoin Hardware Titans Control 95% of Market, Now Coming to America to Dodge Trump Tariff War

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Three of China’s largest Bitcoin hardware manufacturers are establishing production facilities in the United States as President Donald Trump’s tariff policies reshape the cryptocurrency industry. The three industry leaders, Bitmain, Canaan, and MicroBT, collectively control over 90% of the global mining rig market. These companies are the architects of Bitcoin’s physical infrastructure, manufacturing the specialized

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