Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
Chinese Yuan is having its best day since the currency was de-pegged from US Dollar, back in 2005. Latest rocking performance is coming as speculation has risen high that People's Bank of China (PBoC) will broaden up its testing of full Yuan convertibility.
In recent day's PBoC has been taking measure to take Yuan to floating level in order to make the currency eligible for IMF's special drawing right basket.
- This morning, PBoC set the reference rate 0.16% stronger against Dollar at 6.3495. In the mainland Renminbi is allowed to trade within 2% of this band. However its offshore concern, which is mainly traded in Hong Kong is subjected to no such bans.
- PBoC also announced set of measures to test the waters around full Yuan convertibility. PBoC said it will allow foreign counterparties to open Yuan settlement accounts at domestic financial institutions and will test the convertibility of the currency in Shanghai free trade zone, where institutions can buy foreign assets without capital account constraints.
Yuan in Hong Kong is currently trading around 6.315 against Dollar.
