Operation First Light 2026 Hits Crypto Launderers, 5,811 Arrested

The incident highlights the critical need for enhanced security measures in software supply chains to protect sensitive crypto assets. The post Hackers attempt to backdoor Injective npm package to steal wallet keys appeared first on Crypto Briefing.

China's stronger yuan signals economic confidence, potentially reducing capital flight and impacting global trade dynamics and currency markets. The post China’s central bank sets yuan reference rate above 6.80 per dollar for first time since 2023 appeared first on Crypto Briefing.

The post PBOC sets USD/CNY reference rate at 6.7989 vs. 6.8036 previous appeared on BitcoinEthereumNews.com. On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7989 compared to the previous day’s fix of 6.8036 and 6.7931 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the

The post USDC Controversy: A Legal Challenge for Stablecoin Giant Circle appeared on BitcoinEthereumNews.com. Circle, known for issuing the USDC stablecoin, is entangled in legal issues in Wisconsin, with accusations of resisting a court decree. The involvement stems from claims that Circle hasn’t acted to restitution certain crypto assets allegedly obtained via fraudulent means. Continue Reading:USDC Controversy: A Legal Challenge for Stablecoin Giant Circle Source: https://en.bitcoinhaber.net/usdc-controversy-a-legal-challenge-for-stablecoin-giant-circle

INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated [...]

China's debt refinancing plan could stabilize local economies, but persistent high debt levels and fiscal pressures may limit broader benefits. The post Chinese provinces approach milestone in debt refinancing plan appeared first on Crypto Briefing.

Nexchip's Hong Kong listing highlights China's strategic pivot to bolster its semiconductor industry amid global trade tensions and tech restrictions. The post Nexchip begins trading in Hong Kong after raising $890M in share sale appeared first on Crypto Briefing.

The post Chinese Yuan: Fixing guidance fades, path less anchored – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Christopher Wong observes that Renminbi (RMB) appreciation guidance is waning, with CNH-CNY fixing gaps narrowing and daily adjustments moderating. Policymakers appear to be shifting toward RMB stability rather than further appreciation. As a result, USD/CNH may become more driven by the broader Dollar, yield differentials and China growth sentiment, leaving downside less anchored. Stability focus shifts USD/CNH drivers “The RMB appreciation impulse appears to show tentative signs of losing some official reinforcement. The CNH-CNY fixing gap has narrowed, while the pace of daily fixing adjustment has moderated.” “Recent fixes have also been less RMB-supportive versus market expectations (Bloomberg proxy), suggesting that the policymakers may be shifting back toward RMB stability management rather than guiding for further appreciation.” “If fixing guidance continues to fad