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PBOC Bans Unapproved Yuan-Pegged Stablecoins in China

The People’s Bank of China (PBOC) and seven regulatory agencies issued a joint statement on Friday prohibiting the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs). The directive applies to both onshore and offshore issuers, underscoring Beijing’s intent to keep financial instrumentation closely aligned with state policy while continuing to push the domestic CBDC ecosystem forward. The announcement, signed by the PBOC alongside the Ministry of Industry and Information Technology and the China Securities Regulatory Commission, reiterates a posture that private crypto activities remain outside the formal financial system unless they receive explicit clearance. A translated version of the statement framed the policy as a guardrail against stablecoins that imitate fiat currency functions during circulation and use. “Stablecoins pegged to fiat currencies perform some of the functions of fiat currencies in disguise during circulation and use. No unit ...
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Crypto Google Searches Plummet to 1-Year Lows Amid Market Crash

Google worldwide search volume for “crypto” is hovering near a one-year low as investor sentiment cools amid a broad market downturn that has trimmed the crypto market’s total capitalization from a peak above $4.2 trillion to roughly $2.4 trillion. The global Google Trends reading for crypto sits at 30 out of 100, with the 12-month high of 100 last reached in August 2025 when market fervor and valuations were at their peak. In the United States, the pattern mirrors the wider trend but with its own rhythm: after a July high of 100, US search interest dipped below 37 in January and then rebounded to 56 in the first week of February. Taken together, these metrics paint a cautious mood among retail and institutional participants alike. Google search data has long been used by market observers as a proxy for investor interest and potential turning points, aligning with sentiment gauges such as the Crypto Fear & Greed Index. As liquidity has cooled and volatility has persisted, traders a...
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Bithumb Recovers Overpaid BTC, Fills 1,788 BTC Shortfall

South Korean cryptocurrency exchange Bithumb announced that it has resolved a weekend incident in which a promotional payout error briefly overcredited certain user accounts with Bitcoin. In a Sunday statement, the firm said it recovered 99.7% of the excess BTC on the same day the issue occurred. The remaining 1,788 BTC that had already been sold was reimbursed using company funds to ensure customer balances remained fully matched. Bithumb asserted that its holdings of all virtual assets were 100% equivalent to or exceeding user deposits, reinforcing the premise that customer liabilities were adequately backed. The exchange noted that most of the excess was retrieved directly from individual accounts, while the portion already liquidated in the market was funded by corporate reserves to restore balance sheets and maintain trust. The incident was not the result of a hack, and deposits and withdrawals continued normally during the disruption. Key takeaways 99.7% of the overpaid BTC was...
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Bitcoin Bear Market Comparison Sparks Fresh $50K BTC Price Prediction

Bitcoin gained up to 3% Sunday, offering a tentative sign of relief after a brutal slide, but many traders remained skeptical that the selling pressure had truly exhausted itself. After Friday’s losses stretched into the weekend, price action stayed volatile as participants weighed whether a durable rebound would form or another leg lower loomed. The market briefly nudged above a key level, reviving conversations about whether macro fundamentals and ETF dynamics could sustain any upside. A look at on-chain and chart data shows the debate is far from settled, with analysts pointing to long-term moving averages, ETF cost bases, and the possibility of a fresh capitulation phase ahead. Key points: Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market repeats itself. Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus. Analysis says that a carbon copy of 2022 is not a certainty. Key takeaways BTC rebounded intraday, crossing above the $71...
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Jack Dorsey’s Block Could Cut Up to 10% of Staff, Report Says

Block Inc. is pursuing a broad restructuring designed to sharpen efficiency, align its product lines, and knit together Cash App’s consumer payments with Square’s merchant services. The plan has prompted conversations within the company about role reductions during annual performance reviews, a sign that management is tightening cost controls as it recalibrates its business mix. People familiar with the matter say as many as 10% of Block’s workforce could be affected, a substantial slice for a company that employed just under 11,000 people as of late November. The move arrives as Block seeks to balance near-term profitability with long-running bets in crypto and fintech innovation. The restructure, which began taking clearer form after a 2024 reorganization, is intended to bring Cash App more tightly in line with Square, Block’s merchant services division. By integrating the consumer-to-business payments ecosystem, executives hope to create a more seamless flow of users across services...
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ARK Invest Sells $22M Coinbase Shares, Buys Bullish Across ETFs

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Bitcoin Opens New Door for Institutions, Says Bitwise CEO

Bitcoin's slide below $70,000 is dividing market participants, according to Bitwise CEO Hunter Horsley. Long-time holders appear uneasy as prices slip, while a fresh class of buyers—institutions—seems to be getting another shot at entry at levels they once believed out of reach. In a CNBC interview on Friday, Horsley noted that the new investor set—institutions—are seeing prices they thought they’d forever missed. The pullback arrives as regulators push for clearer rules and as institutional interest remains visible through inflows to crypto products. The dynamics highlight how price, sentiment, and regulation are intertwining in a single, fast-moving market. Key takeaways Bitcoin priced around $69,635 at publication, down about 22.6% in the last 30 days, signaling persistent downside pressure in a broad bear phase. Institutional demand remains robust, with Bitwise reporting more than $100 million in inflows on a single day as Bitcoin hovered near $77,000. Long-time holders a...
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