China pays closer attention to stablecoins as cross-border role expands
A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments. Go to Source
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The End of SWIFT’s Monopoly? China Tees up Commercial Launch of Rival Digital Network
Mbridge, now under Chinese leadership, would be preparing a commercial rollout with a Hong Kong-based entity to promote the blockchain-based digital yuan as a cheaper and easier alternative to SWIFT. The platform has already settled over 470 billion yuan, nearly $69 billion. China Plans Mbridge Rollout To Push Digital Yuan China is taking major steps … Read more
Semafor: China-Linked Group Suspected of Accessing Anthropic’s Top-Secret AI
The Trump administration ordered Anthropic to restrict its most advanced cybersecurity artificial intelligence (AI) model on June 13, 2026, prompting the company to suspend access worldwide. Semafor reports that a China-linked group was suspected of gaining unauthorized entry to the system. What Happened Anthropic shut down global access to two AI models, Mythos and Fable … Read more
Bank of China Survey Reveals 95% of Overseas Businesses Will Sustain or Increase Yuan Use
The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase … Read more
Coinbase CEO Brian Armstrong: US-China Competition Is ‘the Best Thing to Happen to America Since the Cold War’
Coinbase CEO Brian Armstrong believes competition with China “might be the best thing to happen to America since the cold war,” arguing the rivalry will jolt a complacent U.S. back into excellence. A Bullish Take on Great-Power Rivalry Brian Armstrong, chief executive of the largest U.S. crypto exchange, framed the intensifying contest with China as … Read more
Bitcoin Seizure Links Chinese National’s Binance Account to DOJ Case
Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice … Read more
Raoul Pal: The US-China AI Race 2026 Is a War No One Can Win
Real Vision co-founder Raoul Pal says the artificial intelligence competition between the U.S. and China is unlike any geopolitical rivalry in history, a race not for territory or weapons, but for the substratum of intelligence itself. Pal Warns the AI Race Has No Clear Winner Retired Goldman Sachs hedge fund manager and co-founder of financial … Read more
China Unveils Jiuzhang 4.0: The Photonic Quantum Computer Defying the Laws of Speed
The new iteration of China’s Jiuzhang photonic quantum computer prototypes solved the Boson sampling problem much more quickly than the world’s most powerful computer. The computer represents a major leap and opens the doors for further advancement in photonic quantum computing. China’s Jiuzhang 4.0 Photonic Quantum Computer Breaks Records China has cemented its leadership in … Read more
Bitcoin Reclaims $81,000 Briefly After Trump Wraps Beijing Summit With China Trade Extension
Bitcoin dipped to $79,200 during the Trump-Xi summit on Taiwan tensions and a scorching inflation print before recovering to reclaim $81,000 as U.S. President Donald Trump wrapped his Beijing visit. A Summit Between the World’s Two Largest Economies Trump arrived in Beijing accompanied by a delegation of U.S. executives, including Tesla’s Elon Musk, Apple’s Tim … Read more
China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate Dollar Exit
Russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as Western sanctions and geopolitical pressures deepen, according to a new report. The Rise of the Petroyuan The global financial landscape is undergoing a tectonic shift as the conflict between the West and a growing coalition of sanctioned … Read more