JUST IN: 🇨🇳 China's tech stock index "STAR 50" has now crashed 40% since June as bear market continues. Trillions of dollars have been wiped from China's stock markets in recent months. Yesterday, Reuters reported that China's AI bubble has "burst." Morgan Stanley also warned that Chinese stocks are set for further losses before they bottom.

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🇯🇵 JUST IN: BlackRock officially signs on to explore linking tokenized funds with a yen stablecoin. The $15.5 TRILLION asset manager is working with SBI and Startale, the companies behind JPYSC, a stablecoin tied to the Japanese yen. They want to see if tokenized money market funds can plug into JPYSC. SBI's chairman says the shift to onchain finance "is becoming an unavoidable global trend."