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RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground By Cointelegraph

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Shanghai Man: RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

This week, the word “Evergrande” found its way into the vocabulary of every western investor. Crypto Twitter (NYSE) was the final place that the Man in Shanghai, after having watched the corporate football team live on TV for years and drank its bottled waters. All kinds of rumors swirled after the company was hit with debts exceeding $300 billion. This led to its Hong Kong-listed shares dropping 80%, and an enormous crypto sale early this week.

Misreading their tea-leaves

on the blockchain

CNHC’s website advertises a compliant take on RMB-denominated DeFi

Asias largest custodian on the rise

FTX gains ground on Huobi

The competition for that fourth spot got a lot tighter this week. Source: FTX Volume Monitor

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