According to @rovercrc, Shanghai's State-owned Assets Supervision and Administration Commission (SASAC) has held a significant meeting focused on cryptocurrencies and stablecoins. The source indicates the meeting centered on the "Development and Regulatory Exploration of Web3.0 Virtual Assets and Stablecoins." For traders, this high-level discussion by a state assets regulator could signal a potential shift or clarification in China's stance on digital assets, representing a noteworthy development for the broader crypto market.

According to Balaji (@balajis), ongoing political conflicts in the US are creating divergent attitudes toward technology and international relations, notably impacting AI adoption rates and cryptocurrency market sentiment. He notes that 'blue America' shows increasing skepticism toward the Internet and AI, leading to slower adoption of artificial intelligence technologies among this demographic. Conversely, 'red America' exhibits stronger opposition to China, which could influence future policies affecting Chinese crypto projects and blockchain investments. These political divides may drive sector-specific volatility, especially for AI-driven crypto tokens and projects with ties to China, as traders navigate potential regulatory changes and shifting adoption rates. (Source: Balaji Twitter, June 19, 2025)