Here is the latest crypto news release today (July 4, 2025) from various parts of the world 🌍:
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🇨🇳 China – Offshore Yuan Stablecoin
Tech giants like JD.com and Ant Group are pushing the People's Bank of China (PBOC) to approve the issuance of an offshore yuan stablecoin in Hong Kong to support the internationalization of the yuan and compete with the dominance of USD stablecoins like Tether. This plan will commence after new regulations in Hong Kong take effect on August 1.
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🇵🇰 Pakistan – Strategic Crypto Diplomacy
Pakistan is approaching the US with an innovative strategy: exploring 2,000 MW Bitcoin mining, forming a US-style strategic Bitcoin reserve, and engaging former Binance CEO Changpeng Zhao as a regulatory advisor. As a result, Pakistan hopes to enter into a trade agreement path with the US.
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🇰🇷 South Korea – Crypto Fuels Stock Market
The Korean stock exchange has become the best-performing Asian market in the first half of 2025, driven by investor enthusiasm related to won-based stablecoins. The Kospi index rose nearly 30%—however, there is a risk of over-leverage as margin loans reached ₩20.5 trillion.
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🇺🇸 US – CLR and Legislative Agenda
A day before the July 4 holiday, Senators Scott and Lummis announced a goal to finalize the crypto market structure bill by the end of September. The Fed also green-lighted banks to serve crypto clients “safely and soundly.”
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🎯 Technical Update – Bitcoin & XRP
The Myriad prediction platform assesses the chances of Bitcoin not closing the week above $108,000 increasing to 69%, indicating potential mild correction.
XRP is predicted to test the support level at $2.18 before rebounding to $2.53 if it successfully rallies.
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🔑 Other Insights
MiCA (EU) has been fully operational since January—facilitating the issuance of stablecoins and asset-based tokens according to a report by DLA Piper.
Hong Kong is currently testing crypto derivative trading licenses for professional investors, expanding the market following the initiation of stablecoin regulations.
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