China’s crypto ban Is failing to stop a $176 billion P2P economy
The July 2025–June 2026 data show rapid stablecoin reuse, while the share funding purchases remains unmeasured.
CryptoSlate
Latest from your sources
FOLLOW THE THREAD · PUBLIC SOURCECryptoSlate
Crypto & Web3Cryptocurrency News and Real-time Coin Data
Latest stories from CryptoSlate. Read, like, and join the conversation.
Topics from CryptoSlate
Stories tagged China · Clear filter
Latest stories
Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same …
China found a $125 billion escape valve for an economy running out of momentum
China’s June trade numbers and second-quarter growth numbers looked strong if you look at them one at a time. However, when you put them together, they describe an economy with a very specific problem: factories are still finding buyers abroad, especially for higher-value industrial goods, while demand at home remains too weak to absorb what …
Oil prices fall but China trade and US inflation data weakens as Iran contagion spreads – in opportunity for Bitcoin
Iran conflict is already disrupting the hidden plumbing of global trade The market spent the first phase of the Iran conflict watching crude. That was the visible layer. Today, prices have fallen below $90 a barrel for the first time in a while and Bitcoin is soaring alongside. However, a consequential shift is still happening …
Washington moves to cut China out of the machines powering US Bitcoin mining
America holds roughly 38% of global Bitcoin mining capacity, and the specialized hardware powering that position comes overwhelmingly from Chinese manufacturers. Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on Mar. 30 to address that gap, proposing certification, domestic manufacturing support, and the codification of President Donald Trump's Strategic Bitcoin Reserve …
Is China using US Bitcoin ETFs as a backdoor? Mystery Hong Kong firm invested $436M in BlackRock’s IBIT
An obscure Hong Kong firm has disclosed a $436 million position in BlackRock’s Bitcoin ETF, a revelation that is fueling speculation about Chinese capital flowing into crypto through offshore side doors. Laurore Ltd, a previously unknown entity, reported the stake in BlackRock Inc.’s iShares Bitcoin Trust (IBIT) in a filing with the US Securities and …
Why Bitcoin faces a brutal liquidity trap because China’s $298B of US Treasuries are up for sale
China’s gradual retreat from US government debt is evolving from a quiet background trend into an explicit risk-management signal, and Bitcoin traders are watching the market for the next domino. The immediate trigger for this renewed anxiety came on Feb. 9 when Bloomberg reported that Chinese regulators were urging commercial banks to limit their exposure …
China targets global reserve currency status but capital controls push traders toward USDT and Bitcoin
China seeks to make the renminbi a true reserve currency, but the numbers reveal a story in which Beijing's capital controls create conditions for Bitcoin and dollar stablecoins to thrive as workarounds rather than competitors. The International Monetary Fund's latest reserve data shows the renminbi holding just 1.93% of global foreign exchange reserves in
China’s massive gold spree inadvertently exposes a critical shift in how smart money escapes risk
The People's Bank of China just logged its thirteenth straight month of gold purchases, extending one of the most deliberate reserve-management campaigns of the post-crisis era. These purchases signal that the world's second-largest economy is shifting deeper into sovereign-controlled, seizure-resistant assets. Against this backdrop, crypto analysts see the PBoC's buying streak not as a bullish …
China’s $71 billion Treasury dump exposes a critical gap between Bitcoin’s narrative and central bank reality
The BRICS bloc now counts 11 members, and several of the largest holders have trimmed their US Treasury positions over the past year. China cut its stake by $71.5 billion between September 2024 and September 2025, dropping from $772 billion to $700.5 billion. India reduced holdings by $44.5 billion, Brazil by $61.9 billion, and Saudi …
Why Trump believes ‘China is big into crypto’ despite ban
President Donald Trump told 60 Minutes on November 2 that China poses a competitive threat in crypto, warning that “China is getting into it very big right now.” The claim surfaces a paradox. Beijing banned crypto trading and mining in 2021, yet Trump frames the country as America’s principal rival in digital assets. The disconnect …
The $308 billion question: Can stablecoins thrive amid China ban?
China has again made its position on stablecoins unmistakably clear. At a recent financial policy forum, Pan Gongsheng, governor of the People’s Bank of China (PBoC), described stablecoins as a “new source of vulnerabilities” within the global financial system. He warned that they could undermine smaller economies’ monetary sovereignty and enable illicit financial flows. According …
Trade wars and Bitcoin blues: déjà vu as U.S.–China tensions weigh on crypto
Bitcoin is once again caught in the crossfire of a high-stakes geopolitical standoff. This time, the knock-on effects are being felt across every corner of the crypto market. The script is familiar: The return of U.S.–China trade tensions has triggered a sharp correction in Bitcoin, echoing a pattern seen earlier this year. When escalating tariffs …
$3.8B fund tokenized on BNB marks China’s boldest RWA move yet
CMB International Asset Management tokenized the CMB International USD Money Market Fund on BNB Chain through the CMBMINT and CMBIMINT tokens on Oct. 15. The fund manages over $3.8 billion and ranked first among Asia-Pacific money market peers in Bloomberg’s performance rankings as of October 2025. Launched in 2024, the fund invests at least 70% …
Trump’s tariff on China spurs record $10 billion volume for Bitcoin funds
Crypto-based funds attracted $3.17 billion in new capital, even as markets reeled from tariff-related tensions between the United States and China, according to CoinShares weekly report. On Oct. 10, President Donald Trump announced that the US could raise tariffs in response to China’s new rare-earth export restrictions. The statement triggered a broad sell-off across risk …
Trump tariff threat against China causes Bitcoin to crash 7%, $9B in liquidations
Bitcoin (BTC) dropped 7% amid a broader market rout after President Donald Trump announced that the US is considering escalating tariffs against China in response to newly imposed rare-earth export controls. Total liquidations reached $9 billion over the past 24 hours, as BTC fell to as low as $105k in the drop. On a lengthy statement on …
Has the U.S. lost the AI race to China?
There’s an awful lot of hype surrounding AI, and even more capital behind it. AI data centers are propping up the U.S economy right now, accounting for over 1% of GDP. So when someone suggests the race may not be being won, or worse, that the AI race may be over, it makes people sit …
AI coalition launches $100M SuperPAC to shape US tech policy and rival China
A coalition of AI companies unveiled a Super Political Action Committee (SuperPAC), designed to influence US technology policy and strengthen the nation’s position in the global AI race, according to an Aug. 25 press release. The group, Leading the Future (LTF), pledged to back candidates who support innovation while pushing back against legislation that could slow …
Bitcoin dips as Trump finalizes tariff deals with China
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 …
You’re all caught up.