On June 6th, the People’s Bank of China injected 135bn yuan ($18.63bn) into the banking system through 7-day reverse repos at a fixed rate of 1.40%.
⚫ The move is aimed at maintaining liquidity in the financial system
⚫ Growth in China's money supply (M2) has historically correlated with rising BTC prices
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Argentina’s Anti-Corruption Office has cleared President Javier Milei of ethics violations related to his promotion of Libra ($LIBRA), stating his post was not an official endorsement. However, criminal investigations and class-action lawsuits remain active in Argentina, the U.S., and the UK.
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Ethiopia has officially banned the trading of virtual currencies, allowing only the Ethiopian birr for transactions.
Despite the prohibition, authorities are preparing crypto regulations and training experts to monitor illicit crypto activity, with support from the UN, Russia, and regional partners.
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Despite the prohibition, authorities are preparing crypto regulations and training experts to monitor illicit crypto activity, with support from the UN, Russia, and regional partners.
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According to a16z Crypto, stablecoins are now processing $33tr in annual volume—nearly 20x PayPal, 3x Visa, and approaching ACH.
With $128bn in U.S. Treasuries, stablecoin issuers are now among the top-20 holders of U.S. debt, ahead of countries like Germany and Saudi Arabia.
⚫ Over 1% of the total U.S. dollar supply is now tokenized
⚫ Citi projects stablecoins could hold $3.7tr in Treasuries by 2030
⚫ Ethereum and Tron dominate infrastructure, but Solana, Arbitrum, and Base are gaining share
⚫ Activity appears decoupled from crypto trading volumes, suggesting real-world adoption
⚫ Stablecoins now offer sub-second, sub-cent transactions—positioning them as a serious contender to onboard the next billion crypto users
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With $128bn in U.S. Treasuries, stablecoin issuers are now among the top-20 holders of U.S. debt, ahead of countries like Germany and Saudi Arabia.
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The viral post claiming that Paraguay has made Bitcoin legal tender appears to be fake.
⚫ The tweet attributed to President Santiago Peña includes clear red flags, such as a suspicious BTC wallet address and promotional investment language.
⚫ No official government announcement or credible source has confirmed such a move.
⚫ Analysts, including well-known account "tier10k", have publicly cast doubt on the legitimacy of the post.
At this time, there is no official source confirming that Paraguay has made Bitcoin a legal tender.
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At this time, there is no official source confirming that Paraguay has made Bitcoin a legal tender.
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The government of Paraguay has confirmed that President Santiago Peña’s Twitter/X account was hacked.
The false post claiming Paraguay made Bitcoin legal tender—and linking to a suspicious BTC wallet—has been debunked. No such policy has been announced, and the country has not adopted Bitcoin as official currency.
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The false post claiming Paraguay made Bitcoin legal tender—and linking to a suspicious BTC wallet—has been debunked. No such policy has been announced, and the country has not adopted Bitcoin as official currency.
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The U.S. Senate will hold a procedural vote this week on a key stablecoin bill (GENIUS Act) backed by the crypto industry and President Trump, requiring 60 votes to advance.
The bill sets reserve and oversight rules for dollar-pegged tokens, but faces opposition from progressive Democrats over financial risks and lack of safeguards.
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The bill sets reserve and oversight rules for dollar-pegged tokens, but faces opposition from progressive Democrats over financial risks and lack of safeguards.
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SBI Holdings and SBI Shinsei Bank have invested $50m in USDC issuer Circle following its IPO, with each contributing $25m.
The move follows the March 2025 launch of their joint venture, Circle SBI Japan KK, aimed at expanding USDC adoption in Japan under a broader business partnership.
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The move follows the March 2025 launch of their joint venture, Circle SBI Japan KK, aimed at expanding USDC adoption in Japan under a broader business partnership.
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The U.S. SEC has asked Solana ETF issuers to submit amended S-1 forms within a week, signaling that approvals could arrive as early as July.
This step mirrors the timeline seen in spot Ethereum ETF approvals, where issuers were similarly instructed to revise filings shortly before final clearance.
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This step mirrors the timeline seen in spot Ethereum ETF approvals, where issuers were similarly instructed to revise filings shortly before final clearance.
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