BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL Cointelegraph

Earlier this week, Fan Yifei, deputy governor of the People’s Bank of China, made it warn Stablecoins like Tether (USDT) raise the “risks and challenges of the international monetary system and the payment and settlement system”. The fan didn’t even make a substitute (BTC) and called it a tool for speculation and a threat to “financial security and social stability”.

In addition to the Chinese FUD, several traders have been working to unlock a large amount of Bitcoin in the Grayscale Bitcoin Trust, as a potential underlying signal. However, an analysis of the market by the cryptocurrency trading company QCP Capital said the event he will not any “significant impact on the general market other than the GBTC itself.”