2025-12-29
BlockBeats News, December 28th. Hong Kong media Wen Wei Po published the "Top Ten Financial News in Hong Kong 2025," among which the "Improvement of the Development of the Digital Economy Virtual Asset Regulatory Framework" ranked third. The introduction of the "Stablecoin Regulation" further improved the regulatory framework for digital asset activities in Hong Kong. The market expects the stablecoin license to be issued in early 2026, and the Hong Kong dollar stablecoin is expected to be introduced, which will benefit actual commercial trade and cross-border transactions.Additionally, "Cryptocurrency Mania: Bitcoin Hits a New High of $125,600" ranked eighth. Trump's high-profile support for Bitcoin has driven its price to hit multiple historical highs this year. However, it has since fallen back and at one point dropped to around $85,000, a drop of more than 30% from its peak.
2. The probability of a 25 basis points interest rate cut by the Federal Reserve in January has slightly increased to 17.7%.
BlockBeats News, December 28, according to CME's "FedWatch" data, the probability of the Fed cutting interest rates by 25 basis points in January next year has slightly increased to 17.7%, while the probability of rates staying unchanged is 82.3%.The probability of the Fed keeping rates unchanged until March next year is 46.7%, the probability of a cumulative 25 basis point cut is 45.6%, and the probability of a cumulative 50 basis point cut is 7.7%.The dates of the next two FOMC meetings are January 28, 2026, and March 18, 2026.
3. Lu Lei: The future digital yuan will have the attributes of commercial bank liabilities, possessing the functions of a monetary unit of account, store of value, and cross-border payment.
PANews reported on December 29th, citing the China Financial Times, that Lu Lei, Vice Governor of the People's Bank of China, stated that the future digital yuan will be a modern digital payment and circulation means issued and circulated within the financial system, with technical support and supervision provided by the central bank, possessing the attributes of commercial bank liabilities, based on accounts, and compatible with distributed ledger technology. It will have the functions of a measure of monetary value, a store of value, and cross-border payment. Looking ahead, the choice of business and technological models for the digital yuan will adhere to the fundamental principle of meeting the needs of the real economy, adopting a principle of inclusiveness and prudent selection regarding the development of account-based and value-based digital currencies, and promoting the digital yuan to meet the needs of different scenarios and different business entities.
4. Bank of China completes the first cross-border digital currency QR code payment transaction between the two countries in Laos.
PANews reported on December 27 that the Bank of China completed the first cross-border QR code payment transaction between the two countries in Laos. Under the joint guidance of relevant departments of the People's Bank of China and the Central Bank of Laos, the Bank of China was among the first to participate in the cross-border pilot project for digital payment and central bank digital currency cooperation between the two countries.Meanwhile, the Vientiane branch of Bank of China was among the first to connect to the People's Bank of China's digital RMB cross-border digital payment platform. By providing real-time exchange rate quotes and efficient clearing services, Bank of China successfully completed the production verification of QR code payments for merchants in Laos. This service will significantly lower the barriers to cross-border settlement between China and Laos, achieving a seamless experience throughout the entire "payment-exchange-clearing" process.
5. Bank of Japan Meeting Summary: Future Requires Maintaining a Stable Pace of Interest Rate Increases Approximately Every Few Months
BlockBeats News, December 29th, Bank of Japan Meeting Minutes: One member stated that the Bank of Japan must raise interest rates at a pace of approximately once every few months for a period of time. Even if the policy interest rate is raised to 0.75%, Japan's real interest rate will still be deeply in negative territory.
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