Adam Forsyth

China Reiterates Crypto Ban While Cracking Down on Tokenized Assets and Yuan Stablecoins

Like clockwork, China FUD is back just as Bitcoin slips into bear-market territory. Beijing has widened the scope of its cryptocurrency ban, explicitly targeting the tokenization of real-world assets and unauthorized stablecoins linked to its currency. China just reminded the global market that its door to cryptocurrency remains firmly shut. In a coordinated move involving…

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TradFi Deleveraging Triggered Feb 5 Crypto Crash

Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded…

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Paolo Ardoino: Stablecoins are core financial infrastructure, Tether’s USAT enhances liquidity for US users, and the inevitability of stablecoin adoption

Tether’s new stablecoin aims to transform liquidity and bridge the gap between crypto and traditional finance. Key Takeaways Stablecoins are transitioning from niche crypto experiments to core financial infrastructure. Tether is launching USAT, a new stablecoin aimed at enhancing liquidity for US users. The future of finance may see tokenized deposits and transactions moving through…

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RWA Perps heat up as gold, silver whipsaw; ONDO, PAXG, MKR, LINK lead RWA trade

RWA perps volume explodes above $15B as gold and silver crash, Binance cements dominance, and ONDO, PAXG, MKR, LINK front-run the real‑world assets trade. Summary CoinMarketCap says RWA perps are “carving out an interesting niche” by letting traders speculate on gold and silver via crypto derivatives, with “genuine momentum” in early 2026.​ Binance controls 68.37%…

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