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Tomorrow, First. News and intelligence for the agentic economy

Lens

China

  • Altcoins

    Markets: Bitcoin, Ether fall; memecoins lose steam, BNB edges higher

    Bitcoin and Ether fell along with most other tokens in the top 10 by market capitalization on Tuesday morning in Asia. Memecoins also lost ground after a recent run-up. See related article: Markets: Bitcoin, Ether, DOGE fall amid slowing activity in China, SHIB edges up Fast facts Bitcoin traded at US$24,136 at 8 a.m. in […]

    Lachlan Keller

  • Altcoins

    Markets: Bitcoin, Ether, DOGE fall amid slowing activity in China, SHIB edges up

    Bitcoin and Ethereum fell in late evening trade in Hong Kong as appetite for risk assets tapered in the wake of data showing that China’s economic activity slowed across the board in July. Dogecoin (DOGE) reversed gains from the morning, while Shiba Inu token (SHIB) edged up. See related article: Markets: Bitcoin little changed, Ether […]

    Timmy Shen

  • Altcoins

    Huobi looks to sell stake that values exchange at US$3 bln, Bloomberg reports

    Leon Li, the founder of China cryptocurrency exchange Huobi, is seeking to sell a 60% stake in the company that would value the business at US$3 billion, according to a Bloomberg News report that cited people familiar with the matter. See related article: Sam Bankman-Fried’s Voyager debt emerges; Celsius reshuffles board Fast facts See related […]

    Ningwei Qin

  • Regulation

    China shuts 13,000 social media accounts for promoting crypto investment

    China has shut down nearly 13,000 accounts advocating cryptocurrency investments on popular Chinese social media platforms this year, deleted 51,000 related posts and closed 105 websites offering crypto-related information, the Cyberspace Administration of China (CAC) announced on Tuesday. See related article: Tencent to cut domestic NFT marketplace team, look overseas: report Fast facts See related […]

    Ningwei Qin

  • NFT Marketplaces

    Amid possible shutdown, Tencent’s NFT marketplace slows new releases

    Tencent’s non-fungible token (NFT) marketplace Huanhe has not issued a new NFT for sale in a month, the first time that no new NFTs have been issued for an entire month since last October.  See related article: Tencent to cut domestic NFT marketplace team, look overseas: report Fast facts At the end of July, local […]

    Ningwei Qin

  • Regulation

    China expands digital yuan loans to further cities

    The city of Suzhou in China’s Southeast became the latest to issue an e-CNY loan to a manufacturing unit. See related article: China’s central bank to expand digital yuan pilot program Fast facts See related article: Complete anonymity never a consideration for CBDC: PBoC official

    Ningwei Qin

  • Bitcoin News

    Solana falls amid hack reports; Bitcoin, Ether edge higher in mixed markets

    Solana fell 4% in Asia afternoon trading on Wednesday as reports surfaced of a hack that had drained thousands of wallets holding the token. Bitcoin and Ethereum edged higher, though U.S.-China tensions were a broader concern across all markets. Bitcoin traded at US$23,187 as of 4:30 p.m. in Hong Kong, up 1.47% in the prior […]

    Timmy Shen

  • Bitcoin News

    China’s central bank to expand digital yuan pilot program

    The People’s Bank of China (PBoC) has listed the “orderly expansion of the scope of the digital yuan pilot” as one of its key tasks in the second half of the year, according to a Tuesday press release from the Chinese central bank’s second-half-year work plan. See related article: Covid-19, postponed Asian Games to push […]

    Ningwei Qin