China

China

Markets

China's Central Bank Halts Bond Purchases to Support Yuan, BTC Holds Under $95K

The PBOC on Friday suspended bond purchases to stall the slide in bond yields and CNY

China. (Excellentcc/Pixabay)

Markets

Bitcoin Price Rally Could Be Accelerated by China's Market Meltdown, Crypto Observer Says

Capital flight from China could find home in alternative assets like bitcoin.

China market meltdown could add to BTC's bull momentum. (Myriams-Fotos/Pixabay)

Consensus Hong Kong 2025 Coverage

Edith Yeung Sees Big Things to Come for Crypto in Hong Kong

A venture capitalist who was one of the first investors in Solana says building liquidity is now key to Hong Kong’s development as a crypto hub.

Edith Yeung

Markets

How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse

Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.

Cango reception (Credit: Cango)

Opinion

Why a U.S. Bitcoin Strategic Reserve Is Critical to Fending Off China

China has been waging a decades-long war against the U.S.’s greatest asset — the dollar. A bitcoin reserve would go a long way toward regaining our influence.

Shanghai China

Policy

Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial

The Hong Kong-based trials will allow for registration on a regulated stablecoin app and the purchase of tokenized financial products.

Hong Kong, China Cityscape (Unsplash)

Policy

Plan a Crypto Mine Near a U.S. Military Base? Expect a Bigger Hassle Now.

The U.S. Treasury Department issued a rule promising extra scrutiny for businesses near military sites, having already targeted a Chinese-backed crypto operation by a Wyoming missile base.

U.S. missiles stand near the fence of Warren Air Force Base

Policy

Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds

The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.

FTX bankruptcy estate consolidates ARB airdrop (Christine Roy/Unplash)

Videos

Sliding Copper-to-Gold Ratio Presents Bitcoin Bear Case

Bitcoin's best years have been characterized by copper's outperformance relative to gold but the widely-tracked ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. What does the sliding copper-to-gold ratio mean for bitcoin? And how will the growth of M2 money supply from major central banks impact BTC's momentum? CoinDesk's Christine Lee presents the "Chart of the Day."

Chart of the Day

Markets

Bitcoin Takes Another Shot at $63.5K as China's Vague Fiscal Stimulus Deters Capital Shift

China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital flows into Chinese equities.

BTC tops $63K. (CoinDesk)