News

According to a report by Jinse Finance, data compiled by the Washington-based Atlantic Council shows that the multi-central bank digital currency (CBDC) platform mBridge has now completed over 4,000 cross-border transactions, with a total transaction volume of approximately $55.5 billions. This figure represents an increase of nearly 2,500 times compared to the project's early pilot phase in 2022. Currently, the central banks of Mainland China, Hong Kong, Thailand, the United Arab Emirates, and Saudi Arabia are testing the platform. It is estimated that China's digital yuan (e-CNY) accounts for 95% of the total settlement volume on the mBridge platform. The rapid expansion of mBridge comes as China continues to expand its domestic central bank digital currency (CBDC) infrastructure. According to the latest data from the People's Bank of China, the digital yuan has processed over 3.4 billions transactions, with a transaction volume of approximately 16.7 trillion yuan ($2.4 trillions), representing an increase of more than 800% compared to 2023.

PANews reported on January 18 that, according to Nansen, Pantera Capital led the profit and loss rankings this week by a wide margin, with three wallets earning $12.1 million, $6 million, and $3.6 million respectively. Meanwhile, Arrington XRP Capital also achieved profits, though on a smaller scale compared to Pantera Capital. Most other funds performed modestly this week.

PANews reported on January 18, citing Zhitong Finance, that after the market closed on January 14, the largest commodity ETF in the domestic market—Huaan Gold ETF—reached a scale of 100.762 billions yuan, marking its first breakthrough of the 100 billions mark and becoming the first commodity ETF in the domestic market to reach this milestone. On January 15, the scale of this gold ETF continued to grow, reaching 101.181 billions yuan. As of now, the total scale of the 14 gold ETFs in the domestic market has exceeded 260 billions yuan, nearly tripling compared to a year ago.