China

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.

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.

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.

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.

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.

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.

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.

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.

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.

China Expands Rare Earth Export Controls Ahead of Trump-Xi Meeting
This move could disrupt global supply chains, drive up prices, and have ripple effects across financial markets.

