In light of the ongoing trade war and recent U.S. Tariffs, China is urging state banks to halt dollar purchases and tighten controls on private dollar transactions to prevent speculation and stabilize the yuan.
While a minor yuan devaluation may help competitiveness, experts warned against a sharp drop that could undermine market confidence. Predictions suggest potential outcomes for the cryptocurrency market, especially Bitcoin.
Ripple’s $1.25 billion acquisition of Hidden Road is set to enhance XRP’s utility in global finance. This move could revolutionize settlement processes and establish XRP as a key player in bridging traditional and digital assets.
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