A national clearinghouse for digital yuan could enhance financial integration, 
boost transaction efficiency, and strengthen China&#8217;s digital economy.
The post China considers national clearinghouse for digital yuan transactions 
appeared first on Crypto Briefing.

A national clearinghouse for digital yuan could enhance financial integration, boost transaction efficiency, and strengthen China&#8217;s digital economy. The post China considers national clearinghouse for digital yuan transactions appeared first on Crypto Briefing.

China considers national clearinghouse for digital yuan transactions

According to historical data, the price of Bitcoin has never posted three 
consecutive months of positive performance in a bear-market year. This trend 
is about to continue in 2026, with May looking likely to end in the red for 
BTC after optimistic performances in March and April, and at the start of this 
month. Recent on-chain data suggests that short-term investors may also be 
capitulating amid Bitcoin&#8217;s disappointing price action over the past few 
weeks. Are BTC&#8217;s Short-Term Investors Losing Conviction? In a Quicktake post 
on the CryptoQuant platform, market analyst RugaResearch revealed that a 
specific cohort of Bitcoin investors moved a significant amount of BTC in the 
past day. This set of investors is known as the short-term holders, who are 
famous (or infamous) for being the most reactive in the market. Specifically, 
RugaResearch reported that 107,760 BTC within the 1-month to 3-month Spent 
Output Age Band moved in a single day, the largest value on-chain movement 
(within this age band) in more than seven months. For context, the Spent 
Output Age Bands is an on-chain indicator that segments spent transaction 
outputs into age brackets, showing the proportion of total coins moved and how 
long they were inactive. Related Reading: Ethereum Flashes A Rare Signal As 
Open Interest Reaches Highest Level Since 2019 The 1- to 3-month Spent Output 
Age Band tracks Bitcoin purchased between late February and late April (from 
the beginning of BTC&#8217;s recovery to around $80,000 last month). RugaResearch 
said that when this age band witnesses an aggressive move, like the one 
recently seen, it means that the most recent investors are reacting rather 
than accumulating. The crypto pundit spotlighted that the movement of these 
107,760 BTC while the Bitcoin price is sub-$74,000 means that a significant 
portion of the 1-month to 3-month Spent Output Age Band is out of the money — 
or near breakeven, at best. While it remains to be seen why this move 
occurred, this shake-up does not suggest conviction among the most reactive 
set of investors. RugaResearch wrote: Exchange inflows tell you if these coins 
are heading to sell. If they land on exchanges, this flush has legs. If 
they&#8217;re moving to cold storage or OTC desks, it&#8217;s redistribution under 
pressure. Hence, centralized exchanges&#8217; data is one of the signals to watch in 
the coming days to decipher the purpose of this move. Bitcoin Price Momentum 
Stays Negative For Eight Days At the same time, RugaResearch revealed a 
worrying trend with the Bitcoin Price Momentum indicator, which has stayed 
negative since May 22nd. After rising to a nearly one-year high of +20.5% on 
May 5th, the on-chain metric dropped by 12.9 percentage points about ten days 
later. After flipping to negative a little over a week ago, the Bitcoin Price 
Momentum currently sits at 4.07%. &#8220;When 1m-3m spent output spikes 6.7x 
overnight while momentum bleeds for 8 straight days, the positioning game 
shifts,&#8221; the market analyst concluded. As of this writing, the price of BTC 
stands at around $73,410, reflecting a mere 0.4% dip in the past 24 hours. 
Related Reading: Anchorage Warns Bitcoin Yield Trade Could Cap Gains If BTC 
Rips Higher Featured image from iStock, chart from TradingView

According to historical data, the price of Bitcoin has never posted three consecutive months of positive performance in a bear-market year. This trend is about to continue in 2026, with May looking likely to end in the red for BTC after optimistic performances in March and April, and at the start of this month. Recent &#8230;

Bitcoin Short-Term Holders Move 107,760 BTC In A Single Day — Details

According to Normative Instruction No. 739, issued on Friday, VASPs will now 
need to undergo an audit by an approved third-party entity to obtain 
authorization to operate in Brazil. The requirement adds to an already 
stringent regulation, making the process of obtaining a license in Brazil more 
difficult. Central Bank Of Brazil Moves to Add […]

According to Normative Instruction No. 739, issued on Friday, VASPs will now need to undergo an audit by an approved third-party entity to obtain authorization to operate in Brazil. The requirement adds to an already stringent regulation, making the process of obtaining a license in Brazil more difficult. Central Bank Of Brazil Moves to Add &#8230;

New Rules for Crypto in Brazil: Central Bank Demands Strict Independent Audits for VASPs

XRP and XLM are once again drawing attention as their long-standing price 
correlation fuels expectations of a potential recovery rally. If history 
repeats itself, the recent move in XLM could signal that XRP is preparing for 
a bullish breakout of its own, potentially reigniting confidence across the 
broader XRP ecosystem. Could XLM’s Breakout Be The Catalyst For XRP’s Next 
Rally? Crypto analyst Bird highlighted a compelling structural possibility for 
XRP, suggesting that if it mirrors the powerful weekly candle recently 
delivered by XLM, a rapid ascent above the $2 threshold could be imminent. 
This move would serve as a vital marker, effectively invalidating the recent 
bearish trend and signaling a new phase of accelerated growth for the asset. 
Related Reading: XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound 
Such a breakout would do more than just shift the price; it would 
fundamentally transform market sentiment. By restoring confidence and 
generating renewed excitement, this surge would likely flood the XRP ecosystem 
with fresh capital, confirming that the worst of the recent corrective phase 
is finally behind us. For long-term XRP holders, this momentum would act as a 
catalyst for heightened activity across the entire ecosystem, driving 
increased liquidity and participation in memes, NFTs, and Automated Market 
Makers (AMMs). This surge in engagement across XRP and the XRP Ledger would 
underscore the interconnected nature of the ledger&#8217;s economy during periods of 
bullish expansion. Furthermore, the technical validity of this scenario is 
bolstered by the multi-year standing correlation between XRP and XLM. Time and 
again, these two assets have provided clues regarding each other&#8217;s future 
path. The question now remains: has XLM effectively fired the starting gun for 
XRP? XRP/BTC Falling Wedge Signals Potential Breakout Opportunity CryptoVision 
has identified the XRP/BTC chart as a pivotal focal point for the coming 
weeks, noting that the asset is currently developing within a well-defined 
falling wedge pattern. This structure remains perfectly intact, suggesting 
that significant accumulation is occurring beneath the surface. For market 
participants, this chart provides a clear technical roadmap, indicating that 
the current consolidation phase is a critical precursor to a potential shift 
in market dominance. Related Reading: XRP Traders Face Mounting Pressure As 
Sideways Price Action Extends – What To Know If XRP can successfully 
consolidate and harness momentum from these current levels, a retest of the 
upper resistance boundary is anticipated in the near term. This test will 
serve as the definitive moment for bulls to assert control and confirm the 
validity of the wedge. Once the price decisively clears this wedge formation, 
the market dynamic is expected to shift rapidly. The analyst suggests that 
this pattern will signal a strong and rapid upward move, potentially 
triggering a significant shift in the pair&#8217;s trend in the long term. Featured 
image from Adobe Stock, chart from Tradingview.com

XRP and XLM are once again drawing attention as their long-standing price correlation fuels expectations of a potential recovery rally. If history repeats itself, the recent move in XLM could signal that XRP is preparing for a bullish breakout of its own, potentially reigniting confidence across the broader XRP ecosystem. Could XLM’s Breakout Be The &#8230;

XRP And XLM Correlation Sparks Hopes Of A Recovery Surge

Prediction market platform Kalshi has filed a federal lawsuit to block a 
first-in-the-nation Minnesota law that would make operating or advertising 
prediction markets a felony, escalating a nationwide fight over who regulates 
the fast-growing sector. Minnesota’s First-in-Nation Felony Ban Kalshi, a 
federally regulated prediction market where users trade contracts on the 
outcome of real-world events, […]

Prediction market platform Kalshi has filed a federal lawsuit to block a first-in-the-nation Minnesota law that would make operating or advertising prediction markets a felony, escalating a nationwide fight over who regulates the fast-growing sector. Minnesota’s First-in-Nation Felony Ban Kalshi, a federally regulated prediction market where users trade contracts on the outcome of real-world events, &#8230;

Kalshi Sues Minnesota to Block First US Felony Ban on Prediction Markets

The Senate Banking Committee voted to advance the CLARITY Act in May, but it 
must still pass both chambers of Congress before heading to the president&#8217;s 
desk.

The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president&#8217;s desk.

China considers national clearinghouse for digital yuan transactions

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