{"content":"Regulatory & Geopolitical Highlights In a major move, China is reportedly considering launching yuan-backed stablecoins, positioning itself to challenge the dominance of US-dollar pegged options and strengthen its currency’s global presence. Initial deployment could focus on Hong Kong and Shanghai. --- Summary Table Focus Area Key Insights Market Direction Broad-based decline in crypto prices; negative sentiment across major assets. Macroeconomic Risk Fed minutes and inflation data are weighing on investor confidence. Technical Levels BTC testing support near $108K; ETH showing signs of retracement. Altcoins Spotlight Chainlink surges; ADA & SOL bleeding; Remittix presale hype; XRP volatility. Regulatory Moves China’s stablecoin ambitions could reshape future market dynamics. --- What to Watch Next FOMC Minutes Release (today): Will provide clues on rate outlook—could swing sentiment one way or another. China’s Stablecoin Strategy: Keep an eye on regulatory developments and global implications. Bitcoin Support: Watch whether BTC holds above the $108K–$110K zone; further breach could extend selling. Altcoin Movers: LINK’s traction may signal selective strength; monitor ADA, SOL, and new entrants like RTX. #MarketPullback ","images":[],"tags":[],"tradingPairs":["LINK/USDT"],"quotearticleid":0}