Crypto Today: China Launches Yuan Stablecoin, U.S. Watchdog in Flux, Markets Rise

Crypto Today: China Launches Yuan Stablecoin, U.S. Watchdog in Flux, Markets Rise

1. China Debuts Offshore Yuan Stablecoin

China launched AxCNH, a yuan-pegged stablecoin, in Kazakhstan. Though crypto trading is banned at home, this marks China’s push to use blockchain in cross-border trade.

2. U.S. CFTC Leadership Crisis

The U.S. Commodity Futures Trading Commission is in turmoil, with internal reshuffles and no confirmed chair. The power vacuum raises uncertainty for crypto regulation.

3. Bitcoin, Ethereum, XRP Rise

  • Bitcoin gained ~2.4% to $112,223

  • Ethereum rose ~2.8%

  • XRP jumped ~3.5%
    Markets found short-term momentum amid broader concerns over U.S. fiscal policy and inflation.

4. Presales Generate Buzz

  • Remittix (RTX) raised $26.4M, pushing its “PayFi” model.

  • AlphaPepe (ALPE) gained hype as a meme-driven presale, compared to early Shiba Inu.

Why It Matters

  • China is leveraging blockchain globally while restricting it domestically.

  • U.S. regulatory uncertainty keeps investors cautious.

  • Major tokens bouncing shows resilience, though sentiment remains fragile.

  • Presales highlight speculative appetite even during broader volatility.

Sources

Back to blog