The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99%.

Italy has formally passed a sweeping new law to regulate artificial intelligence, becoming the first member of the European Union to roll out comprehensive legislation in step with the bloc’s landmark AI Act. The Italian Senate granted final approval after a year of debate, concluding what Prime Minister Giorgia Meloni’s government described as a decisive […]

The post China Opens New Center to Boost Digital Yuan Use Worldwide appeared on BitcoinEthereumNews.com. Key Highlights Shanghai hub advances digital yuan’s role in global payments and trade New center integrates cross-border payments, blockchain, and digital assets China targets reduced reliance on the U.S. dollar with e-CNY innovation China Launches e-CNY International Operations Center in Shanghai The People’s Bank of China (PBOC) officially opened the e-CNY International Operations Center in Shanghai, the nation’s financial capital, marking a significant step toward expanding the digital yuan’s global footprint. The PBOC announced this development, emphasizing that the new center aims to facilitate the internationalization of the Chinese currency and advance digital financial services. The initiative is part of eight measures unveiled by PBOC Governor Pan Gongsheng at the Lujiazui Forum in June, who said the center is designed to “promote the internationalization of digital currency and develop financial market services while supporting innovation in digital finance.” The opening introduces three main platforms critical to this mission: a cross-border digital payment system, a blockchain platform, and a digital financial marketplace. Shanghai Center Propels China’s Digital Currency Ambitions The center’s launch arrives amid China’s broader efforts to increase yuan usage internationally and reduce dependence on the U.S. dollar. Tian Xuan, President of the National Institute of Financial Research at Tsinghua University, highlighted the move’s global significance: “This will strengthen China’s influence in the global financial system and provide an open, inclusive, and innovative Chinese solution to improve the global cross-border payments system.” Adding to this momentum, Chinese authorities are reportedly considering yuan-backed stablecoins, and Hong Kong fintech AnchorX recently launched the first stablecoin pegged to the international yuan (CNH), designed to facilitate payments among Belt and Road countries. Despite China’s cryptocurrency trading ban in 2021, the new center and related digital financial initiatives suggest a measured shift toward controlled adoption of digital currencies. The e-CNY pilot began in Hong Kong in…

The post Fed Rate Cut Pumps BTC and Bitcoin Hyper Presale appeared on BitcoinEthereumNews.com. The US Federal Reserve has slashed interest rates by 25 bps. It’s anticipated to push investors toward riskier assets, and thus fuel a $BTC rally. But as adoption for $BTC grows, the network’s limitations – like steep fees and low speeds – will only become more obvious. Thankfully, Bitcoin Hyper ($HYPER) is preparing to fix them – it’s no wonder that it has nearly raised $17M on presale. Fed Rate Cut Might Redirect $7.4T Money Market Funds to $BTC With over $7.4T in money markets, the Fed’s rate cut could help move these funds into $BTC – especially now that exposure to the crypto leader is easier through spot Bitcoin ETFs and treasury proxies. Source: FRED Fed Chair Powell also signaled that two more rate cuts might occur before this year’s end, citing ongoing concerns over the US labor market. In return, it could boost momentum for the #1 crypto even further. And that’s not all. Macro Strategist Octavio (Tavi) Costa suggests the US dollar may be breaking down from a 14-year support level. With the potential of a much weaker dollar ahead, the bull case for risk assets like $BTC is anticipated to strengthen. Source: X Octavio (Tavi) Costa As $BTC adoption likely accelerates under these conditions, Bitcoin Hyper could be precisely what’s needed to keep the network functional amid surging demand. Bitcoin Hyper to Solve Bitcoin’s Scalability Crisis Bitcoin Hyper is a pioneering Layer 2 (L2) solution designed to address the Bitcoin network’s most significant pain points: slow scalability, transaction speed, and steep fees. Right now, Bitcoin can only facilitate 10.73 transactions per second (tps). In comparison, Ethereum can handle over double the workload at 23.82 tps. Bitcoin’s max throughput of 13.2 tps is also 78.83% lower than Ethereum’s 62.34 tps. Because it can only process a limited…