The ongoing crypto bull run has seen altcoins like PEPE, SOL, ETH, and XRP surge, with analyst VirtualBacon highlighting their potential. Bitcoin remains strong above $100,000, while Ethereum faces resistance in key Fibonacci zones. Solana shows promise but may see a pullback, and XRP benefits from legal clarity and upcoming futures. U.S.-China tariff negotiations have eased market tensions, with a 10% bilateral rate now in place. The Global Liquidity Index’s rise signals broader market optimism, reflected in bullish sentiment across risk assets.
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News from China
Generated 16 posts last week Asia’s Wealth Shift: Gold & Crypto Replace Dollar Assets
Asia’s wealthiest investors are reducing exposure to U.S. dollar-linked assets, shifting toward gold, cryptocurrencies, and Chinese markets amid geopolitical tensions and financial volatility. UBS reports declining demand for dollar assets, while Bitcoin and gold gain traction as mature stores of value. Chinese investments also benefit from relaxed U.S.-China tariffs, with Hong Kong’s benchmark index performing strongly in 2024. Portfolio diversification is now a priority, with Morgan Stanley recommending 40% fixed income, 40% equities, and 15% alternatives. Institutional interest in crypto is rising, with BlackRock noting Bitcoin’s role as a dollar reserve alternative. Regulatory clarity in Singapore, Japan, and Hong Kong is further boosting crypto adoption.
read moreVeChain Advances Tokenization with Human Behavior Focus
VeChain is expanding its real-world asset (RWA) tokenization efforts by introducing a novel concept: tokenizing human behavior. CEO Sunny Lu highlighted the blockchain’s history with RWA, including collaborations on food safety and carbon credits. Now, VeChain aims to turn actions like recycling or driving an EV into measurable, rewardable on-chain assets. The network is integrating AI agents like ‘BMO’ to simplify crypto adoption and plans seamless integrations with platforms like Tesla. These efforts, part of VeBetterDAO, aim to bridge the gap between blockchain and mainstream users while promoting sustainability through tokenized incentives.
read moreHaowang Guarantee Shuts Down After Telegram Purge
Haowang Guarantee, previously operating as Huione Guarantee, has declared it will cease operations after Telegram banned thousands of its associated accounts on May 13, 2025. The marketplace, suspected of enabling crypto scams and cybercrime, confirmed the shutdown on its website, citing the blocking of its NFTs, channels, and groups. This marks a significant crackdown on one of the internet’s largest illicit marketplaces, highlighting Telegram’s efforts to combat illegal activities on its platform.
read moreXinbi Guarantee Laundered $8.4B in Crypto for Scams
Xinbi Guarantee, a Colorado-incorporated firm linked to a Chinese illicit marketplace, has facilitated $8.4 billion in money laundering, primarily through Tether (USDT) transactions, according to Elliptic. The Telegram-based platform offers scammers in Southeast Asia access to fraudulent tools, including personal data and laundering services, to execute pig butchering scams. The report highlights the growing role of stablecoins in large-scale financial crimes and the challenges in tracking illicit crypto flows.
read moreGoldman Sachs Predicts Yuan Rise Against Dollar in 2024
Goldman Sachs predicts the onshore Chinese yuan (CNY) will rise to 7.0 per USD from the current 7.2 over the next 12 months, citing undervaluation and potential tariff reductions as catalysts. BNP Paribas Asset Management also expects CNY gains, especially if China’s GDP growth exceeds 5%. The yuan has already appreciated 1.24% against the dollar in the past month. Analysts highlight that a weaker dollar and stronger Chinese economic performance could further boost the CNY. China uses separate onshore (CNY) and offshore (CNH) yuan for domestic and international transactions, respectively.
read more10 Key Trends Shaping the Crypto Market This Week
This week, the crypto market is being shaped by 10 key trends highlighted by Santiment. Bitcoin broke past $100,000, while Ethereum surged to $2,470. Solana is gaining traction with an 18.27% weekly rise and new institutional staking services. Key Opinion Leaders (KOLs) like Arthur Hayes are influencing token prices, while MCP metrics are emerging as vital indicators. The China-US tariff truce has boosted global markets, and terms like ‘holders,’ ‘register,’ and ‘liquidity’ are trending in token analysis. Promotional tactics such as ‘link,’ ‘shoutout,’ and ‘immediately’ are also driving engagement in crypto circles.
read moreBitcoin Price Surges as US-China Tariff Wars Ease
The Bitcoin price and broader financial markets have been heavily influenced by the US-China tariff wars, which began under President Donald Trump. Initial tariff hikes caused significant market crashes, pushing Bitcoin below $80,000. However, recent negotiations have led to a temporary suspension of 24 percentage points in tariffs, boosting investor confidence. Bitcoin has since surged past $100,000, with expectations of further gains as the May 14, 2025, deadline for tariff reductions approaches. The agreement provides a 90-day window for further discussions, fostering optimism in risk assets like Bitcoin. Analysts predict the price could exceed $110,000 soon, driven by renewed market stability.
read moreBitcoin Dips After U.S.-China Tariff Truce
Bitcoin briefly surpassed $105,500, its highest level since January, before dipping after the U.S. and China agreed to reduce tariffs for 90 days. Analysts attribute the initial rally to easing trade tensions, though volatility remains a concern. Ethereum and Dogecoin led the altcoin surge, with ETH up 51% over the past month. Equities also rose sharply, with the Nasdaq climbing 3.4%. The market’s sensitivity to geopolitical shifts highlights Bitcoin’s evolving role as a potential hedge against uncertainty.
read moreUS-China Tariff Deal Boosts Risk Assets
The US and China have agreed to reduce tariffs by 24% for a 90-day period starting May 14, easing trade tensions and potentially fueling a market rebound. Analysts believe the constructive negotiations lower the risk of sudden economic decoupling, benefiting risk assets like stocks and cryptocurrencies. US Treasury Secretary Scott Bessent emphasized alignment between the two nations, signaling stability for investors awaiting further fiscal stimulus.
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