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Malaysia announces the launch of the "Digital Asset Innovation Center," aiming to become a regional fintech hub.

5 hours ago

BlockBeats has reported that on June 17th. According to Businesstimes, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" at the 2025 Sasana Symposium. This regulatory sandbox, which is led by Bank Negara Malaysia, will allow for the testing of innovative applications like Ringgit-backed stablecoins and programmable payments. The aim is to position the country as a regional fintech hub. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that the central bank is simultaneously upgrading the Rentas payment system, exploring cross-border payment interoperability, and asset tokenization. Previously, on April 23rd, the Malaysian Prime Minister met with Binance founder CZ to promote the adoption of blockchain and tokenization. This meeting highlighted Malaysia's aspiration to become a regional hub for blockchain innovation.
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Trump is about to decide the US policy on the Iran-Israel war, Bitcoin accelerates to drop below $104,000.

On June 18th, as per Axios, Trump is slated to convene with the national security team in the White House Situation Room within 2 minutes (1:00 AM Beijing time) in order to determine the U.S. policy concerning the Israel-Iran war. U.S. officials declared that Trump is earnestly contemplating joining the war and launching strikes against Iran's nuclear facilities, specifically the underground uranium enrichment facility in Fordow. The cryptocurrency market witnessed further declines likely due to this news, with Bitcoin dropping below $104,000.

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Bitcoin drops below $104,000, 24-hour decline widens to 2.6%

On June 18th, based on HTX market data, Bitcoin has dropped below $104,000, and the 24-hour decline has expanded to 2.6%.

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If Bitcoin drops below $103,000, the liquidation intensity of long positions on mainstream CEX will reach $702 million.

On June 18th, based on Coinglass data, in the event that Bitcoin drops beneath $103,000, the cumulative intensity of long liquidation on major CEXs will reach $702 million. Conversely, if Bitcoin surges above $106,000, the cumulative intensity of short liquidation on major CEXs will reach $612 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart signify the relative significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity.

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