China


Markets

How China’s strengthening yuan could support bitcoin prices

The yuan has rise to its highest in over two months against the dollar.

USD/CNY's daily chart. (TradingView)

Markets

China to Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

Virtual currencies lack the legal status of fiat money, Chinese officials said during an intra-agency meeting on Friday.

Beijing pin

Markets

China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters

Underground activity expands as cheap power, miner demand and softer policy signals support a renewed mining push in key provinces in China.

Looking down the path on top of China's Great Wall as it winds over a mountain ridge.

Policy

China Accuses U.S. of Stealing 127K BTC in High-Profile Crypto Hack

CVERC claims the hack was conducted by a "state-level hacking organization" and suggests the U.S. seizure was part of a larger operation involving the same attackers.

Glasses in front of monitors with code (Kevin Ku/Unsplash/Modified by CoinDesk)

Markets

Asia Morning Briefing: Crypto Markets Brace for a Pivotal Week as Trump–Xi Talks and Fed Decision Loom

Traders are betting on a Trump–Xi breakthrough and a dovish Fed pivot to revive “Uptober,” though markets remain wary that rare-earth restrictions and the U.S. shutdown could spoil the rally.

Donald Trump (Nikhilesh De/CoinDesk)

Markets

Asia Morning Briefing: BTC, ETH Markets Steady as Traders Await CPI and China-U.S. De-Escalation Signs

Investors are in wait-and-see mode as the U.S. shutdown stalls data releases and China signals restraint on export controls, keeping markets range-bound ahead of Friday’s CPI report.

China. (Excellentcc/Pixabay/Modified by CoinDesk)

Markets

Bitcoin Holds Near $111K as Traders Weigh China Retaliation, Risk Appetite Cools

Analysts note that Bitcoin’s correlation with gold is at a multi-year high of 0.9, reinforcing the “digital gold” narrative as both assets move in tandem during geopolitical shocks.

Bull vs bear (Midjourney/Modified by CoinDesk)

Markets

China’s Commerce Ministry to Trump: Rare-Earth Export Curbs Are Not Bans

China’s commerce ministry says its Oct. 9 rare-earth export controls are lawful security steps, not bans, and that eligible civilian exports will be licensed.

One-Month BTC-USD Price Chart From CoinDesk Data

Markets

Bitcoin’s Flash Crash Sees $7B Crypto Liquidation as Trump Ramps Up China Trade War

BTC tumbled 10% on Friday, while ETH, SOL and XRP crashed 15%-30% in a crypto flash crash as trade tensions escalate between the U.S. and China.

Bear roaring

Markets

Trump Tariff Threat on China Sends Bitcoin Tumbling Below $119K

Cryptos came under pressure as a potential U.S.-China trade war once again on the table.

A bear roars