Why #Bitcoin's H2 2026 could be defined by months of sideways price action (AMBCrypto)
Why #Bitcoin's H2 2026 could be defined by months of sideways price action (AMBCrypto)
The People's Bank of China has released the "Policy Position on the Renminbi Exchange Rate", clarifying that China has implemented a managed floating exchange rate system based on market supply and demand, adjusted with reference to a basket of currencies, and has withdrawn from normalized foreign exchange intervention since 2017. China has no intention of gaining trade competitive advantage through depreciation, and has never engaged in competitive currency devaluation. It only uses macroprudential tools to prevent short-term overshoot under major external shocks such as the pandemic and the April 2025 tariff war. Since the exchange rate reform in 2005, the RMB has appreciated by 23% against the US dollar, and the nominal effective exchange rate has appreciated by over 50%; Since 2025, the cumulative appreciation against the US dollar has been about 9%. The central bank pointed out that using the conclusion of the IMF External Balance Assessment (EBA) as the official basis for RMB undervaluation is a misinterpretation and misuse, and alleviating global imbalances requires joint action from deficit and surplus countries. (Source: People's Bank of China)
According to the PRO main order list, the total transaction data of BTC and ETH main players in the past 24 hours is as follows: BTC: Accumulated transaction volume of 1.197 billion US dollars, of which 596 million US dollars were bought and 601 million US dollars were sold, with a transaction difference of -5.88 million US dollars ETH: Accumulated transaction volume of 1.716 billion US dollars, of which 885 million US dollars were bought and 831 million US dollars were sold, with a transaction difference of 53.62 million US dollars The latest data shows that the main players still have a layout in key price points: the net pending difference of BTC is 931 million US dollars; The net outstanding balance of ETH orders is 1.713 billion US dollars. The main pending orders may withdraw or close at any time, and non PRO versions of the K-line cannot see its changes in real time. The PRO 'Main Large Order Tracking' indicator monitors every large pending order in real-time, helping you determine if this' wall 'is still there. Note: If the difference between pending orders is positive, it indicates that the main force is placing more limit orders than sell orders on the currency, and there are active takeover orders below the current price; If it is negative, the opposite is true, as there is a reserve of selling pressure above. The data is for reference only and does not constitute any investment advice.
79thVault was attacked, with 10000 $79AU stolen and exchanged for 16249 BNB worth approximately $12.51 million. The attacker has deposited 30 BNB into Kucoin. (PeckShieldAlert)
The European Securities and Markets Authority (ESMA) requires EU crypto asset service providers authorized by MiCA to cease providing services to EU clients involving non compliant MiCA stablecoins and to address existing related exposures no later than January 8, 2027. This guide covers trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. The European Securities and Markets Authority (ESMA) requires companies to take technical, contractual, and organizational measures to prevent EU clients from acquiring or increasing their exposure to unauthorized stablecoins. Regulatory authorities may allow companies to provide limited services such as clearing, conversion, withdrawal, transfer, and custody to help customers withdraw their existing positions, but such activities must be arranged on a temporary basis and subject to strict supervision. This update extends the relevant guidelines issued by the European Securities and Markets Authority (ESMA) in January 2025.
The People's Bank of China emphasizes the implementation of a managed floating exchange rate system based on market supply and demand, adjusted with reference to a basket of currencies, and insists on allowing the market to play a decisive role in exchange rate formation. It has no intention of gaining trade competitive advantages through exchange rate depreciation. (Source: People's Bank of China)