Share this article

A Primer on the US and China’s 'New Cold War'

From control of the digital realm to territorial skirmishes, these are the issues shaping an increasingly troubled relationship.

Updated Sep 14, 2021, 9:31 a.m. Published Jul 15, 2020, 7:00 p.m.
(Jack Hunter/Unsplash)
(Jack Hunter/Unsplash)

From control of the digital realm to territorial skirmishes, these are the issues shaping an increasingly troubled relationship between the U.S. and China.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

No geopolitical relationship will shape the world over the coming decade as much as that of the U.S. and China.

See also: Why TikTok Doge Is Everything About 2020 Finance in One Story

A day after President Trump signed the Hong Kong Autonomy Act enabling sanctions on those that threaten the autonomy of Hong Kong (and the companies that do business with it) and the U.K. worked to ban Huawei 5G infrastructure, this episode of The Breakdown looks at the key fault lines and issues that have put that relationship in a dangerous, downward spiral:

  • Virus blame recriminations
  • Trade war tensions
  • The Hong Kong Security Law
  • Huawei 5G and critical digital infrastructure
  • TikTok
  • India border skirmish
  • South China Sea Military Exercises
  • The politics of labeling this a “new cold war”

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.

What to know:

  • Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
  • Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
  • BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.