One expert suggests that the PBOC's anticipated intervention to curb yuan fluctuations might not only intensify the strengthening of the dollar index but also compound the troubles faced by the crypto market.
Even before the introduction of Binance in 2017, the Binance founder described several personal and business-related problems he faced from the Chinese authorities.
Following the collapse of Terra's algorithmic stablecoin, China's Economic Daily media source has hinted that more regulatory action against stablecoins may be taken.
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Amidst the scarcity of verifiable information, a group of cryptocurrency enthusiasts are proactively making moves.
Nike's .SWOOSH NFT drop encountered several stumbling blocks, whereas a Bitcoin NFT collection soared to the top of the charts, and the momentum of NFT lending continues to grow.
Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.
The recent hedging activity of market makers, who consistently take the opposite side of investors' trades, appears to have effectively maintained price stability within a narrow range.
The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.