Chinese technology giants, including Ant Group and JD Technology, have been in intensive discussions with the Hong Kong Monetary Authority (HKMA) since early 2025 to secure approval for yuan-based stablecoins that would promote the Chinese currency's global usage in the digital economy. The companies' proposals aim to
On June 23, 2025, Texas became the first U.S. state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 (SB 21) into law. The new legislation directs the state to establish a $10 million Bitcoin reserve managed independently from the main treasury,
On August 19, 2024, cybercriminals stole 4,064 bitcoins (valued at $243 million) from a single victim through a sophisticated social engineering attack, impersonating Google and Gemini support staff and using AnyDesk remote desktop software to obtain private keys. ZachXBT, an independent crypto detective, identified the three main perpetrators: Malone
The Bitcoin Policy Institute introduced the concept of bitcoin-enhanced Treasury bonds, or "BitBonds," on 1 April 2025 as an innovative fiscal tool to implement President Trump's Strategic Bitcoin Reserve directive. The policy brief, authored by Matthew Pines and Andrew Hohns, suggests BitBonds would reduce the interest
Arthur Hayes, former CEO of the cryptocurrency exchange BitMEX, issued a warning on 6 April 2025 about an impending "Black Monday" that could affect not only traditional markets but also Bitcoin and other digital assets. The expert highlighted that all eyes are on 6 p.m. GMT—when
In his 2025 shareholder letter, Larry Fink, CEO of BlackRock, cautioned that the United States’ burgeoning national debt—now exceeding $36.2 trillion—could jeopardise the dollar’s status as the world’s global reserve currency. Fink argued that decentralised currencies, such as Bitcoin, might supplant the dollar as international
On 24 March 2025, the Trump Media and Technology Group (TMTG) announced a non-binding agreement with Crypto.com to launch "Made in America"-focused exchange-traded funds (ETFs) and other exchange-traded products through its Truth.Fi fintech brand. The collaboration between the Trump-affiliated company and the Singapore-based cryptocurrency platform
