China Receives Two Major Shockwaves! Chinese Crypto Transactions Hit by Scandals; Former Largest Exchange Experiences Unusual Activity; Bitcoin "Deeply Decouples" from Gold
Russia and Brazil use cryptocurrency for payments to China, while a Hong Kong exchange license applicant with mainland ties withdraws. A prominent Chinese airdrop studio is robbed, and former largest crypto exchange Mt. Gox moves significant funds. Bitcoin decouples from gold, increasing its correlation with tech stocks.
Miyuki