Crypto News

China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump's aggressive tariffs. Crypto analysts anticipate that the yuan's depreciation could favor bitcoin (BTC), drawing parallels to similar events from a decade ago.Early Tuesday, the People's Bank of China (PBOC) set the so-called daily yuan fix at 7.2038 per dollar on Tuesday, the weakest since September. The yuan isn't a free float currency like the USD, euro and other G-7 nations and is allowed to trade in a range of 2% on either side of the daily fix announced at 9:15 a.m. Beijing time.The 7.2 level has been considered a "harder line in the sand" for...

WLFI’s airdrop test proposal comes amid clashes in Congress over the Trump family’s deep financial ties to the $390 million crypto firm.Source link

Binance founder Changpeng Zhao has been appointed strategic advisor to the Pakistan Crypto Council, reinforcing the country’s commitment to building a competitive and regulated digital asset ecosystem. CZ to Advise Pakistan Crypto Council on Regulation and Web3 Adoption Changpeng Zhao (CZ), founder of Binance, has been named strategic advisor to the Pakistan Crypto Council (PCC).Source link

Ripple is forecasting a massive $18.9 trillion explosion in tokenized real-world assets by 2033, transforming the core of global finance. Tokenized Assets Set to Explode—Ripple and BCG Reveal Urgent Timeline Ripple published a new market outlook Monday, forecasting an unprecedented shift in financial asset infrastructure. The report, developed in partnership with Boston Consulting Group (BCG),Source link

Nigeria is seeking $81.5 billion from Binance, alleging its activities harmed the economy and devalued the Naira.Source link