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Crypto

PBOC steps up scrutiny of stablecoins' cross-border payment impact, calls for tighter rules and coordination

China's central bank is stepping up monitoring and tightening regulation as stablecoins could play a bigger role in cross-border payments. PBOC Research Bureau Director General Wang Xin said authorities should closely examine stablecoins' impact on the international monetary system and cross-border settlement, and consider how regulation and international coordination should proceed. He also warned that weaponisation of payment tools could disrupt normal cross-border trade.

Crypto

Altcoin season hopes fade as funds shift to stablecoins and alternatives

Net selling in the altcoin market over the past year has swelled to $266 billion, pushing spot demand to its weakest level in six years. Cointelegraph said the core issue is that spot funds are not returning even though trading has not declined. Derivatives activity remains strong, while stablecoin balances on exchanges have held steady. Some money is also moving into exchange-offered products tied to traditional assets such as metals and pre-IPO contracts.

Industry

U.S. to provide $500 million to SandboxAQ for semiconductor materials development

The U.S. government plans to invest $500 million in SandboxAQ, a U.S. AI and quantum technology company spun off from Alphabet, and take a minority stake. The funding is to develop chemicals and materials for U.S. semiconductor plants, including PFAS alternatives, performance-enhancing materials and catalysts to speed chemical reactions in chipmaking. The work also includes reducing or replacing rare earths used in permanent magnets and batteries in manufacturing equipment.