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The 46th ASEAN summit kicked off on Monday in Malaysia’s capital Kuala Lumpur and China and Indonesia signed a historic deal to settle payments in local currencies waving goodbye to the US dollar. The summit saw the alliance scrambling to safeguard their economies from Trump’s trade wars and tariffs. ASEAN countries saw more dependency on China and extended trade deals with the Communist country and not the US this time around. Also Read: Malaysia Says 10% US Tariff Floor Is Acceptable as Zero Becomes Unlikely At the ASEAN summit, China and Indonesia signed several major projects to deepen economic involvement and use local currencies for cross-border settlements. The development would boost both China and Indonesia’s GDP as the US dollar will not be involved in the transactions. The US dollar is being ignored by all major alliances as emerging economies are prioritizing local currencies for trade first. ASEAN Summit: China & Indonesia Sign Deals to Transact in Local C...

President Donald Trump’s aggressive tariff policies have taken the world by storm, with nations now unveiling plans to protect themselves from the current market onslaught. In the middle of this, China has come up with a scathing statement for Trump, accusing the US president of fueling “protectionist bullying” by levying aggressive US tariff policies. Also Read: Trump’s Tariff Chaos Wipes $6T from Markets as JPMorgan Warns 60% Chance of Global Recession Is Trump Bullying Nations? China Thinks So Source: SBS News In a recent statement, a Chinese foreign spokesperson has accused Donald Trump of bullying nations. Spokesperson Jin Lian shared the collective discontentment that the world has lately been expressing for the US concerning the hefty US tariffs. Lian shared a scathing response, accusing Trump of “bullying” with a “typical unilateral approach.” JUST IN: China calls President Trump's tariffs 'bullying.' — Watcher.Guru (@WatcherGuru) April 7, 2025 Furthermore, Lian s...

There has been no shortage of caution for investors as geopolitical tensions reach a fever pitch. Yet, on Tuesday, US stocks had gained and gold reached a new record high as the imposed tariffs from President Donald Trump continued to dictate the market. The finance market in the United States has been driven by ongoing pressure from the current administration’s economic policy. With 25% tariffs on Mexico, Canada, and China being delayed a month, Wall Street bounced back slightly. However, the ongoing worries derived from these tensions have driven gold as a key haven asset amid burgeoning concerns and volatility. Source: Watcher Guru Also Read: Google, Nvidia, & Intel Face Chinese Probe as US Tensions Rise Geopolitical Worries Drive US Stocks and Gold as Market Continues to Face Uncertainty The stock market has continued to operate in a state of growing volatility. Recent political developments have greatly impacted companies like Tesla (TSLA), with incoming tariffs threatening s...

1. Rich Dad Poor Dad Author: Currently Holds 73 Bitcoins, Aims for 100 by Next Year link Rich Dad Poor Dad author Robert Kiyosaki tweeted that he purchased his first Bitcoin at $6,000 and, even with the price now at $76,000, he plans to continue buying. He currently holds 73 Bitcoins and aims to own 100 within a year. Kiyosaki also stated, “I own a lot of income-generating real estate, have gold mining assets, and store my profits in Bitcoin, gold, and silver coins… this is ‘real money.’” 2. Binance Named Top in “Blockchain and Crypto” on Fortune’s 2024 Asia Fintech Innovators List link Fortune has released its inaugural “2024 Asia Fintech Innovators” list, with Binance ranking first in the “Blockchain and Crypto” category, followed by OKX in second place, and Hashkey Group and Gate in fifth and sixth, respectively. The list showcases 60 of the most dynamic financial services companies in one of the world’s fastest-growing regions. 3. South Korea’s Financial Regulator Tightens Monitori...

Justin Sun, the founder of the Tron blockchain, recently suggested on the X platform that China might soon lift its ban on digital assets. This potential move follows Hong Kong’s footsteps, which has drawn various crypto firms due to its pro-crypto policies. Meanwhile, this news has sparked positive market sentiment, prompting investors to explore top cryptocurrencies to buy now . Top Cryptocurrencies to Buy Now Polygon is set to undergo a major update, with plans to rename its MATIC token to POL on September 4. In a related development, MultiversX has also proposed a significant update to its blockchain, known as the Spica network upgrade. Meanwhile, VeChain has introduced a new tool called “Create #VeChain dApp” on NPM, which is designed to simplify the development of decentralized applications (dApps). 1. Polygon (MATIC) Polygon is undergoing a significant update, aiming to rename its MATIC token to POL in a major development on September 4. This changeover will...

China’s electric vehicle maker BYD will begin building a $1 billion manufacturing facility in Turkey for its electric vehicles. To avoid unprecedented EU tariffs on imported cars, the Chinese carmaker has signed a $1 billion deal with the Turkish government to set up shop in the region. JUST IN: Chinese electric vehicle maker BYD to build $1 billion manufacturing facility in Türkiye. This factory will produce 150,000 electric and hybrid cars annually. This strategic move is aimed at enhancing the company's logistical efficiency in serving its European… pic.twitter.com/tKLHljCS3t — BRICS News (@BRICSinfo) July 9, 2024 The BYD factory will produce 150,000 electric and hybrid cars each year, according to reports. The strategic move is aimed at enhancing BYD’s logistical efficiency in serving its European customers. BYD’s decision also comes in the wake of the European Union’s recent decision to impose an additional 17.4% tariff on electric vehicles imported ...

The SCO 2024 summit is showcasing India ’s growing di SCO ntent with China and its advancement of pushing the Chinese yuan for trade settlements and not the US dollar. The first dilemma came when India ’s Prime Minister Narendra Modi decided to skip attending the SCO 2024 summit in Kazakhstan. India ’s Foreign Minister S Jaishankar is at the event with a delegation. Also Read: China Advances De-Dollarization Agenda At the SCO 2024 Summit China is advancing the de-dollarization agenda at the two-day SCO 2024 summit. Its counterpart Russia is also puppeting China’s stance to use local currencies for trade and not the US dollar. Russia wants buyers for its crude oil to pay either in the Chinese yuan or Russian ruble. Both countries want to convince SCO members to trade in local currencies and sideline the US dollar. Also Read: 10 New Countries Might Join BRICS in 2024 India is unhappy with the push as the country is disinterested in using the Chinese yuan for pa...

China Mobile Hong Kong, a leading mobile communication brand in Hong Kong, is launch ing its own NFT marketplace , LinkNFT.  It will be Hong Kong’s first telecom-operated NFT marketplace . This launch coincides with the breakthrough of their comprehensive smart living mobile application, MyLink, which has acquired over seven million users. LinkNFT will offer NFT minting services for businesses, facilitating digital asset creation, trade, and circulation through various scenarios such as SocialFi, DeFi, and GameFi. It will use a trio of cross-chain standards – web3 Center cross-chain service protocol, cross-chain adapter, and cross-chain smart contract – for seamless web3 interoperability. Hong Kong residents can easily access their digital assets, including Ethereum-based ones like Opensea, through MyLink’s exclusive digital wallet “LinKey.” You might also like: SEC is taking ‘new look’ at spot Bitcoin ETF applications China Mobile Hong Kong (CMHK...

The British bank will provide e-CNY CBDC services to clients and explore its future use in China's financial system. British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country. According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing Services Co., will allow its clients to purchase, exchange, and redeem e-CNY within its bank accounts. "As an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi," said Xiaolei Zhang, president of Standard Chartered China. The bank will also join China's e-CNY CBDC pilot testing program, which is currently ongoing within 26 cities and provinces. Standard Chartered stated that its areas of exploration include cross-border merchant payments, trade financing and supply...

According to a Hong Kong Stock Exchange filing, Boyaa plans to purchase crypto over the next 12 months. Chinese publicly traded online game developer Boyaa Interactive is set to dive deep into the crypto market. In a recent filing with the Hong Kong Stock Exchange, the firm revealed its plans to purchase up to $100 million worth of crypto within the next 12 months. In the document published on Nov. 13, Boyaa said that cryptocurrencies align with the firm’s web3 business, adding that digital currencies are considered an “important part of the group’s asset allocation strategy.” Once Boyaa gets approval from its shareholders, it plans to put up to $90 million into Bitcoin (BTC) and Ethereum (ETH). The remaining $10 million the firm plans to spend on stablecoins Tether (USDT) and USD Coin (USDC). You might also like: Bitget abandons registration plans in Hong Kong The crypto purchases are expected through HashKey Exchange, one of the few licensed cryp...

China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare. China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform . According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be "either a Chinese or foreign" firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second. Contractors will have until Oct. 17 to submit their application and design the platform within three months' time. The aim of the China Daily NFT Platform is to "improve the spread of the influence of the Chinese Civilization" thr...

Cross-chain services are suspended for Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq. Cross- chain protocol Multi chain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol's leadership may have been arrested in China amid ongoing technical issues.  "The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance," noted a Twitter thread. As reported by Cointelegraph, the protocol has experienced technical problems over the past week, with transactions delayed across multiple cross-chain bridges without a clear explanation. In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CE...

China and Hong Kong are pouring money into the blockchain logistics industry to take the lead. After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial Logistics tool in the long term. According to a report by The South China Morning Post, GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool. The platform is based on a permissioned blockchain with strong data governance, allowing only authorized parties to contribute and consume shipping-related data. Since launching its blockchain -based shipping platform in 2021, GSBN has tapped major shipping partners like Cosco, OOCL and Hapag-Lloyd. The organization has also reached partnersh...