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Chinese tech giant Huawei integrated the digital yuan CBDC into its latest operating system, HarmonyOS NEXT, making it available for up to 1bn users.
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The Monetary Authority of Singapore (MAS) is pushing for commercialization of tokenization, with plans to open a wholesale CBDC testnet, the SGD Testnet, to financial institutions like Standard Chartered, DBS, Citi, and HSBC. The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
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Alibaba has reportedly cut staff from its metaverse unit, Yuanjing, as it pivots toward AI development, aligning with other tech giants like Tencent and Meta that have similarly reduced metaverse investments.
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Kraken has launched a licensed crypto derivatives brokerage in Australia for wholesale investors, offering crypto-based derivatives trading with multi-collateral support. ▪ Telegram ▪ X ▪ Community ▪ Source
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#BTC/USDT ANALYSIS$BTC Bitcoin is currently testing the horizontal demand zone following its breakout from the ascending triangle pattern, with the 21MA serving as support. The Ichimoku Cloud indicates bullish strength. A successful test at this level could lead to a bullish rally in the market. Conversely, failure to hold this level may result in further consolidation within the pattern.
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