BTC $64,163.52 -0.21%
ETH $1,867.50 +0.28%
BNB $568.36 +1.38%
XRP $1.09 +0.02%
SOL $74.06 -0.48%
TRX $0.3296 -0.18%
DOGE $0.0700 +1.78%
ADA $0.1638 -0.58%
BCH $210.96 +0.71%
LINK $8.38 +0.39%
HYPE $57.58 -1.38%
AAVE $91.02 -3.28%
SUI $0.7080 -2.13%
XLM $0.1786 -1.37%
ZEC $478.16 -4.23%
BTC $64,163.52 -0.21%
ETH $1,867.50 +0.28%
BNB $568.36 +1.38%
XRP $1.09 +0.02%
SOL $74.06 -0.48%
TRX $0.3296 -0.18%
DOGE $0.0700 +1.78%
ADA $0.1638 -0.58%
BCH $210.96 +0.71%
LINK $8.38 +0.39%
HYPE $57.58 -1.38%
AAVE $91.02 -3.28%
SUI $0.7080 -2.13%
XLM $0.1786 -1.37%
ZEC $478.16 -4.23%

amo

All
Article
Flash

ICBC has completed the first cross-border payment of the new digital RMB on the "Digital Currency Reach" platform in the country, with an amount close to 10 million yuan

The Shanghai Branch of Industrial and Commercial Bank of China (ICBC) has collaborated with ICBC Singapore Branch to successfully implement the country's first cross-border payment business between China and Singapore based on the digital renminbi cross-border settlement comprehensive service platform "Digital Currency Express" (CBETS). This transaction, involving nearly ten million yuan in import shipping fees, was fully paid using digital renminbi, with funds arriving in the Singapore recipient's account on the same day, achieving "zero time difference" and "high transparency" in cross-border fund transfers. The service targets subsidiaries of central enterprise group trade platforms that regularly need to procure iron ore from abroad and pay for shipping fees, with high frequency and large amounts of cross-border settlements."Digital Currency Express" is a cross-border settlement infrastructure built by the International Operation Center of Digital Renminbi under the guidance of the People's Bank of China's Digital Currency Research Institute. Overseas participants can access services through the Hong Kong access point "One Point Access", compatible with both centralized and blockchain systems, and the message standards comply with ISO20022. On June 16, 2026, the first batch of 26 financial institutions signed direct participant service agreements. This business marks a significant breakthrough for ICBC in leveraging the infrastructure of the International Operation Center of Digital Renminbi to establish an integrated cross-border clearing system for domestic and foreign branches, achieving comprehensive coverage of two-way digital renminbi payment and receipt services with Singapore and Laos.

Famous trader: Bitcoin has completed a five-wave adjustment, and the structure indicates that a bottom may have formed

Famous trader Killa posted that Bitcoin's historical bear markets typically complete a 5-wave adjustment and form two significant peaks. The first peak often occurs after the initial major rebound following the top, known as the "complacency peak," where the market generally believes that the bull market has returned. Subsequently, prices usually continue to decline to new lows. He pointed out that similar structures appeared in the cycles of 2014, 2022, and 2026.After the complacency peak is formed, the market typically experiences a "dead cat bounce" and establishes a phase bottom; as market sentiment deteriorates and short positions concentrate, a short squeeze then drives the price rebound, with the final bottom usually forming after the second significant retest.Killa believes that BTC has currently swept through the bottom formed by the "dead cat bounce" and completed a 5-wave adjustment structure similar to previous cycles. From a structural perspective, the adjustment wave has ended, and the bottom may have already formed. However, he remains cautious about the time cycle. Previous bear markets typically lasted about 365 days before forming the final bottom, while this round, if the bottom has already appeared, has only lasted about 260 days, which is about 100 days earlier than the historical cycle. Currently, he maintains a 50-50 judgment, but compared to significantly making new lows, the likelihood of forming higher lows subsequently is greater.

CoinGecko: Gate consistently ranks among the top three global spot trading platforms, demonstrating strong market competitiveness

According to the latest "2026 Q2 Cryptocurrency Market Report" released by CoinGecko, in the context of ongoing adjustments in the overall cryptocurrency market in the second quarter of 2026, Gate's spot trading business performed exceptionally well, consistently ranking among the top three global spot trading platforms, and achieving the fastest trading volume growth among the Top 10 exchanges from May to June. In terms of derivatives, Gate's perpetual contract trading volume remains in the global top five, with a market share consistently maintained at 8%--11%; the market share of open interest remains at 11%--12%, consistently ranking in the global top four, demonstrating the platform's leading advantages in trading depth, liquidity, and user activity.The report shows that in the second quarter of 2026, the total market capitalization of the cryptocurrency market decreased by 12.6% to $2.1 trillion, marking the third consecutive quarter of adjustment; the overall trading activity of centralized exchanges (CEX) has declined. At the same time, the prediction market has become one of the most vibrant sectors this quarter, with a quarterly nominal trading volume increasing by 48.7% to $113.8 billion, driven significantly by major sporting events such as the World Cup. As the world's first centralized trading platform to connect with Polymarket, Gate continues to enhance the user experience of prediction market products, providing users with a more convenient and efficient way to participate in prediction markets.As emerging sectors such as prediction markets, RWA, and tokenized assets continue to unleash growth potential, the industry structure is moving towards diversified ecological competition. Leveraging its continuously improving product ecosystem, global liquidity advantages, and increasingly rich trading scenarios, Gate continues to enhance the competitiveness of its spot, derivatives, and innovative products, providing global users with more diverse and efficient digital asset trading services.
app_icon
ChainCatcher Building the Web3 world with innovations.