As of October 8, 2025, the digital money market is showing diversified development, with major crypto assets experiencing price fluctuations. The pilot scenarios for the digital yuan have surpassed 5 million, and cross-border payments cover 92 countries. The global regulatory framework requires stablecoin issuers to be licensed and to pay reserves. Here are the latest updates:

Main Crypto Assets Market Performance:

● The price of Bitcoin (BTC) has surpassed $120,000, reaching $124,038.06, with a 24-hour increase of 0.901%. The market expects it could reach $132,000 before the end of October.

● The price of Ethereum (ETH) is $4,538.22, down 0.18% in the last 24 hours.

● Dogecoin (DOGE) price is $0.25, down 0.71% in the last 24 hours.

● The price of Solana (SOL) is $232.27, with a 0.74% increase in the last 24 hours.

Market Influencing Factors:

● The macroeconomic environment and institutional capital inflows are driving Bitcoin up, with the market expecting the Federal Reserve to cut interest rates later this month.

● The enactment of the Hong Kong "Stablecoin Ordinance" provides a clear regulatory framework for the stablecoin market.

Latest developments on Digital Currency Renminbi:

● Officially implemented from October 1, coexisting with cash for a long time, featuring advantages such as convenience, security, and traceability, supporting dual offline payments.

● The number of pilot scenarios has exceeded 5 million, with a cumulative transaction volume exceeding 120 billion yuan.

● 12 new countries were added to the cross-border payment system, covering 92 countries around the world, and the transaction volume exceeded 500 billion yuan in September, a year-on-year increase of 300%.

Global Digital Money Regulatory Progress:

● On October 7, the G20 approved a common framework for regulating digital money, requiring stablecoin issuers to hold a banking license and pay risk reserves.

● The crypto exchange is required to strictly implement KYC rules and establish a supervisory committee for quarterly compliance assessments.

Overall, the digital money market is gradually moving towards normalization and internationalization under the influence of multiple factors such as price fluctuations, application promotion, and strengthened regulation.