Governments worldwide are accelerating their push into stablecoins, seeking to secure their currencies’ roles in the digital economy and offset inflationary pressures. China and South Korea Join the Race The world witnessed a landmark development this week as AnchorX introduced AxCNH, the first regulated stablecoin pegged to the offshore Chinese yuan (CNH). The launch took place at the Belt and Road Summit in Hong Kong, signaling Beijing’s pivot toward embracing stablecoins for international trade and settlement. In parallel, BDACS, a digital asset infrastructure company, unveiled KRW1, a South Korean won-pegged stablecoin. Both stablecoins are overcollateralized, meaning they are backed 1:1…
Author: Blockto Team
Political pressure may push policymakers into delays, raising concerns about the dollar’s outlook President Donald Trump’s continued criticism of the Federal Reserve is raising concerns among economists and market analysts. His push for lower interest rates and efforts to reshape the central bank’s leadership could create policy delays that undermine confidence in the U.S. dollar. Trump vs. the Fed Trump has repeatedly blasted Fed Chair Jerome Powell for maintaining interest rates around 4%, calling them “too high” for the American economy. He argues that current borrowing costs keep mortgage rates prohibitively expensive, discourage homeownership, and add billions in refinancing burdens.…
SHIB Price Struggles Near Critical Support After Recent Sell-Off Shiba Inu (SHIB) faced a sharp 8% decline in the past 24 hours, with the token now consolidating near $0.00001283 as shown on the 4-hour trading chart. The latest pullback comes amid broader market weakness, placing SHIB at a decisive technical crossroads. The chart highlights a clear descending resistance trendline that capped multiple rally attempts since late July. After briefly reclaiming the $0.00001450 zone, SHIB encountered selling pressure, sending prices back toward the green support band near $0.00001250–$0.00001280. According to BITX crypto analysts, this range has acted as a strong accumulation zone…
A group of Senate Democrats has called for urgent bipartisan cooperation to regulate the $4 trillion global digital asset market, stressing that America’s leadership in crypto innovation and investor protection depends on swift and coordinated legislative action. Lawmakers Push for Bipartisan Framework In a statement released on September 19, the senators emphasized the need for both parties to work together on a comprehensive regulatory framework. The group includes Ruben Gallego (AZ), Mark Warner (VA), Kirsten Gillibrand (NY), Cory Booker (NJ), Catherine Cortez Masto (NV), Ben Ray Luján (NM), John Hickenlooper (CO), Raphael Warnock (GA), Adam Schiff (CA), Andy Kim (NJ),…
XRP Holds Above $2.80 Amid Renewed Pressure from Sellers XRP (XRP/USDT) is trading around $2.96, pulling back after failing to break higher resistance levels. The token has now returned to test the critical support zone near $2.80–$2.85, an area that has previously provided stability during volatile sessions. The chart highlights how XRP experienced a sharp rally in late July, breaking out of a prolonged downward channel. However, after hitting highs above $3.70, the token struggled to sustain momentum and faced repeated rejections in the $3.40–$3.70 supply zone. The recent dip suggests that buyers are once again tasked with defending lower…
Privacy advocates say scanning private messages risks encryption, trust, and digital sovereignty As the European Union inches closer to a decision on the controversial “Chat Control” law, privacy experts are raising red flags about its impact on encryption and user trust. The proposal, formally known as the Regulation to Prevent and Combat Child Sexual Abuse, could compel platforms to scan private messages before encryption, creating what critics see as a backdoor into personal communications. Encryption and Trust at Risk The regulation has sparked alarm among privacy advocates who argue it undermines the EU’s own principles. “Giving an inherently corruptible entity…
Cardano (ADA), the 10th largest cryptocurrency by market cap, is once again capturing attention as analysts weigh in on its long-term potential. Despite a recent 3.49% decline over the past week, ADA is consolidating near the $0.90 region, raising the question: could history repeat itself and push the altcoin back toward its 2021 highs? During the last major cycle, Cardano rallied from just $0.018 in early 2020 to an all-time high of $3.10 in 2021. This explosive move was largely fueled by market speculation, network upgrades, and broader crypto adoption. Analysts are now comparing current market patterns with that historic…
CBDC seen as reliable tool for state payments and international settlements Russia is moving closer to the launch of its digital ruble, with Finance Minister Anton Siluanov calling it a “strong” and “reliable” alternative to the fiat ruble. Speaking at the Moscow Financial Forum, Siluanov emphasized the central bank digital currency’s (CBDC) potential to enhance budgetary transparency and payment traceability. Digital Ruble as a Policy Tool Set for official rollout in 2026, the digital ruble will become a cornerstone of Russia’s financial system. Siluanov highlighted that the CBDC would operate independently of commercial banks, ensuring greater stability. “The digital ruble…
Regulatory Shifts and Market Momentum Define Mid-September 2025 The cryptocurrency market from September 13 to September 20, 2025 witnessed a mix of bullish momentum, regulatory breakthroughs, and upcoming technological changes that are reshaping investor expectations. During the week, Bitcoin rallied above $116,000, reaching highs near $117,500, fueled by growing anticipation of a U.S. interest rate cut. The CME FedWatch tool showed markets assigning nearly a 96% probability to a 25 basis-point reduction, a development that encouraged risk-on sentiment across digital assets. “Lower borrowing costs tend to push capital into alternative stores of value,” noted BITX market strategist. “Bitcoin remains the primary…
Key resistance levels remain at $2.80–$3.00 while support holds near $2.30 Filecoin (FIL) is under renewed selling pressure, with the price dropping nearly 5% in recent sessions, bringing it back toward critical support. The chart indicates a consolidation phase, with traders watching whether the $2.30–$2.40 support zone can hold against bearish momentum. After breaking out of a falling channel pattern in July, Filecoin surged toward the $3.00 resistance zone but failed to maintain the bullish momentum. Since then, price action has been defined by repeated rejections in the $2.80–$3.00 supply area. Currently, FIL is trading around $2.46, with a visible…