Today in crypto, China’s central bank is creating an international operations center in Shanghai to expand the global reach of its digital yuan (e-CNY). This initiative, emphasized by central bank chief Pan Gongsheng, aims to foster a multipolar currency system, responding to the geopolitical vulnerabilities of traditional payment systems. Meanwhile, Iranian crypto exchange Nobitex fell victim to a significant hack, losing over $81 million due to a breach linked to Israel-associated attackers. The hackers exploited a vanity address to drain funds from the exchange's hot wallets, although Nobitex assures users that cold storage assets are secure and compensation will be provided. In the US, at least three publicly-traded firms announced plans to invest heavily in Bitcoin, raising a total of $844 million to enhance their crypto holdings. This surge includes DDC Enterprise Ltd's purchase agreements worth $528 million and Fold Holdings' $250 million equity facility aimed at Bitcoin purchases, reflecting a growing trend of institutional investments in cryptocurrency.

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