China | Crypto

In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves. Roughly 463,000 BTC — or about 2.3% of Bitcoin’s total supply — is currently held by governments around the world, according to publicly available blockchain data and legal disclosures.  While that might sound like a small percentage, it equates to tens of billions of dollars in sovereign Bitcoin wealth, giving Bitcoin (BTC) a growing role in national asset strategies and state-level accumulation. Read more

China invests $14M in AI to restore 100 classic kung fu films, reviving Bruce Lee and Jackie Chan movies for global cultural influence.

The venture capitalist warned that virtually all artificial intelligence platforms are being developed in either China or the United States. Marc Andreessen, co-founder of the Andreessen-Horowitz venture capital (VC) firm, said that the current race to establish dominance in the artificial intelligence sector is analogous to the Cold War between the United States and the Soviet Union in the second half of the 20th Century. In an interview with Jack Altman on the Uncapped Podcast, the VC said different jurisdictions and cultures will likely demand AI models trained on material aligned with their notions of acceptable social organization. Andreessen told Altman: The VC said that AI will be the "future control layer for everything," acting as the interface human beings use to access critical infrastructure and services across the healthcare, education, transportation, and legal domains. Read more

Thailand sees 44% fall in Chinese tourists after crypto scam backlash, Japan to urge G7 to tackle North Korean crypto hackers. Asia Express. Chinese academics are warning that the growth of stablecoins is a rising threat to China’s monetary sovereignty by enshrining the global dominance of the US dollar. A commentary in China Economic Times argues that the rise of crypto comes with implications for sovereign credit systems, global governance models and the future of money. China Economic Times is a daily newspaper sponsored by the Development Research Center of the State Council, one of the countrys highest-ranking policy research bodies. Government officials are part of the paper’s main reader base, and commentaries published by the paper often aim to influence or advise on economic strategy. Read more

BTC price requirements are clear as consolidation below all-time highs continues. Can Bitcoin bulls stick to the plan and avoid falling back below $100,000? Key points: Bitcoin and crypto markets stalled despite positive inflation data thanks to the US keeping tariffs on China, analysis says. $100,000 and the 2025 yearly open are key support levels going forward. Read more

Bitcoin (BTC) and the wider market experienced a minor pullback after President Donald Trump announced the finalization of a new tariff arrangement with China, pending a formal sign-off by him and President Xi Jinping. Trump announced on Truth Social that the accord grants the US “55% tariffs” on Chinese goods, versus 10% levied on US […] The post Bitcoin dips as Trump finalizes tariff deals with China appeared first on CryptoSlate.

The Sui blockchain token is seeing new support levels as as delegations from the U.S. and China meet in London.

Asian media outlets report unverified rumors of Chinese ban on owning Bitcoin, Gate.io faces $30M bill after perps liquidation fiasco: Asia Express The crypto industry has never been short on rumors suggesting that China is preparing to unban Bitcoin since the nations 2021 crackdown on crypto trading and mining. But this past week, the narrative flipped, with some media outlets claiming that China is now banning Bitcoin ownership outright. One of the most widely circulated stories came from India-based Financial Express, which cited a supposed Binance report. Magazine found no such report authored by Binance, and the exchange did not respond to a request for comment. Magazine also found no supporting reports from Chinese state media or official government sources. Read more

Former Bank of China deputy governor Wang Yongli has warned surging USD-pegged stablecoins, buoyed by new U.S. and Hong Kong rules, have tightened dollar dominance. He has urged quicker e-CNY deployment, a Hong Kong yuan stablecoin and ID integration to keep the yuan competitive. The post Former Bank of China Executive: Rise of Stablecoin Poses Policy Challenge for China appeared first on Cryptonews.

ETH Foundation restructures, HYPE hits ATH, China tariffs delayed FOMO HOUR EP370 BTC reclaims $105k, ETH leads crypto gains. ETH Foundation restructures, shares new targets. ETH ETF inflows begin to outpace BTC. Robinhood acquires Bitstamp. Strategy to sell equity to raise $250m to buy BTC. HK’s Reitar Logtech to buy $1.5bn BTC. HYPE hits ATH, to get Binance US listing. NBX’s stock up 140% on BTC reserve policy. Tether sends 37k BTC to Twenty One Capital. Metaplanet buys $114m BTC. Blockchain Group buys $68m BTC. Sberbank to issue bonds tied to BTC. Coinbase delayed data breach reveal. Coinbase adds Ethena to listing roadmap. Sharplink down 30%, after 2000% surge. Public co. Classover to raise $500m to buy SOL. SOL signs MOU with Dubai to collab on crypto. Consensys acquires Web3Auth. Sberbank offers structured bonds linked to BTC. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of t...

Addentax has unveiled negotiations to swap up to $800 million in common stock for 8,000 Bitcoin and other tokens, notably the TRUMP memecoin, aiming to fortify its balance sheet with liquid digital assets and align with influential crypto holders, even as its shares have fallen after the disclosure. The post China’s Addentax Plans $800M Crypto Buy, Including 8,000 BTC and Trump Tokens appeared first on Cryptonews.

Although the White House claimed progress was made, no official details on a deal were announced, casting doubts on the purported agreement. The White House announced that talks between the United States and China regarding a trade deal have made "substantial progress," yet no official deal has been announced at this time, leaving investors in doubt. According to a May 11 announcement from the White House, more details on the trade talks and the proposed "agreement" will be revealed on May 12. “I am happy to report that we made substantial progress between the United States and China in the very important trade talks," Treasury Secretary Scott Bessent said in a joint statement with US trade representative Jamieson Greer. Read more

China denies trade talks, 21 Capital to buy 42K BTC, TRUMP pumps on dinner prize. - FOMO HOUR EP343 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. BTC: 92.4k (-2%), ETH: 1740 (-3%), SOL: 146 (-4%). Top Gainers: TRUMP, POL, SUI, LEO, CRV. BTC ETFs: +$917mn, ETH ETFs: -$24mn. BTC hits $94.7k then pulls back with stocks. Sovereigns front-running US on BTC buying: Bitwise. SWFs quietly buying BTC: Coinbase. 21 Capital set to buy 42k BTC, Mallers will be CEO. Missouri BTC bill passes first committee. BTC whale groups all in accumulation. Russia launches National BTC and Crypto Exchange. Metaplanet buys $13.6m BTC. SOL strategies to buy up to $500m SOL. DeFi Dev Corp buys $10m SOL. SBF transferred to low-security p...

Crypto dips, China open to Tariff talks, Nvidia faces chip ban FOMO HOUR EP338 BTC falls below 200D MA in bearish sign. BTC correlation to stocks nearly 0. BTC miners are main sellers amid higher costs. US may purchase BTC with tariff revenue. Oklahoma BTC reserve bill fails to pass. Semler Scientific to raise $500m to buy BTC. Metaplanet issues $10m bonds to buy BTC. XRP ETFs may be the next SEC approved product. VanEck proposes US refinance debt with BTC. Tether & Ethena set to collab on ecosystem. OKX launches CEX and wallet in US. BNB chain completes 31st quarterly burn. MOVE to conduct internal investigation on founder. New OM CEO to burn all of his team’s tokens. PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://podcasters.spotify.com/pod/show/fomohour LIVE SPACE = https://x.com/i/spaces/1jMKgkyMZYkKL JOIN YEET NOW = https://yeet.com/register?aff=fomohour Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/r...

South Korean police bust illegal gaming arcade LARPing as a legit Bitcoin mine, fake soldiers rob women of crypto in China. Asia Express. In a scam that combined a fake relationship, fake crypto and real doorbells, a woman in Xuzhou, a city in eastern Chinas Jiangsu Province, lost over $55,000 to a man who pitched USDT investments and sent a cash collector to her home. Five suspects have been arrested and the investigation is ongoing. According to a notice published via the official WeChat account of the local police, the victim was first contacted by a man claiming to be an active-duty soldier. He gained her trust by invoking military rules that supposedly prohibited the use of WeChat, and directed her to download a separate app for private communication. As their conversations grew more frequent and familiar, the man shared a fabricated story about a friend who had joined the state-run Tobacco bureau after retiring from the military and had access to internal data. He claimed they had already earned substan...