In a stunning reversal, Shanghai has just authorized the use of stablecoins for cross-border trade, potentially opening a massive new market. In this episode, we break down this revolutionary news from China. We then turn to the on-chain data, which shows a conflicting picture: while institutions like Bitmine continue to accumulate ETH, large whales are moving their holdings to exchanges, signaling a potential sell-off. We also cover positive regulatory comments from a Fed Governor and the launch of Circle's new cross-chain protocol.
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