According to the source, the People's Bank of China will permit banks to pay interest on digital yuan (e-CNY) wallets starting January 1, 2026, shifting e-CNY from a cash substitute to an interest-bearing deposit currency with cross-border payment functions (source: People's Bank of China as relayed by the source post). According to the source, Shanghai's RMB International Operations Center is developing blockchain-based settlement tools to support RMB international operations and cross-border settlement (source: Shanghai RMB International Operations Center as relayed by the source post). According to the source, these policy details are directly relevant for traders tracking CBDC infrastructure, on-chain fiat rails, and Asia cross-border payment liquidity (source: policy details as relayed by the source post).

According to @cryptorover, China is increasing money supply and the US will start QE soon, signaling a bullish stance for crypto risk assets like BTC and ETH based on a post on X dated Nov 9, 2025, source: @cryptorover on X. Traders should validate any liquidity shift by tracking PBOC M2 YoY and Total Social Financing releases and by monitoring the Federal Reserve H.4.1 balance sheet, FOMC communications, and any Treasury buyback or QE announcements before positioning, source: People’s Bank of China statistics, Federal Reserve Board releases, and U.S. Treasury announcements. Historically, expansions in major central bank balance sheets have coincided with stronger performance in BTC and ETH and broader crypto market cap growth, making these liquidity metrics key triggers for entries and risk sizing, source: Coin Metrics research on liquidity and crypto returns and Federal Reserve balance sheet data. Tactically, watch the 4-week change in Fed total assets, the 3-month average TSF growth, the DXY trend, and front-end real yields for confirmation of a risk-on backdrop and adjust leverage and funding exposure accordingly, source: Federal Reserve H.4.1, PBOC TSF releases, ICE U.S. Dollar Index data, and U.S. Treasury real yield data.