LearnBits

Bitcoin’s network experienced a short-term drop in hashrate after mining operations in parts of China were disrupted once again. Reports suggest that local enforcement actions forced several miners to shut down temporarily, reducing the amount of computing power securing the network.

The decline was linked to miners going offline, not to any issue with Bitcoin’s technology. When mining capacity suddenly falls, block production can slow until the next difficulty adjustment resets the balance. Situations like this often create brief market uncertainty, as some miners may sell Bitcoin to cover costs related to shutdowns or relocation.

Similar events in the past have usually been temporary. Mining activity tends to move to other regions with more stable conditions, allowing the hashrate to recover over time. The situation shows that while regional policies can affect Bitcoin in the short term, the network itself continues to adapt and remain resilient.

StraitsX is getting ready to launch two new stablecoins linked to the U.S. dollar and the Singapore dollar, strengthening its push into blockchain-based payments. The tokens, called XUSD and XSGD, are expected to launch on the Solana network in early 2026 and will be fully backed 1:1 by their respective fiat currencies.

The company chose Solana for its fast transaction speeds and low fees, which make it well suited for payments and on-chain currency transfers. By issuing both USD and SGD stablecoins on the same blockchain, StraitsX plans to support direct, on-chain currency swaps, helping businesses and institutions move funds across borders more smoothly.

These stablecoins are designed for practical use, including payments, treasury management, and programmable financial services. They are also expected to integrate with DeFi applications, offering an alternative to traditional banking rails. Overall, the launch reflects a broader shift toward using blockchain technology to improve real-world financial infrastructure rather than for speculative purposes.

JPMorgan is expanding its use of blockchain technology with the launch of a tokenized money market fund built on the Ethereum network. Developed by J.P. Morgan Asset Management, the fund combines traditional money market investments with on-chain infrastructure, aiming to modernize how these products are managed and accessed.

The fund, called My OnChain Net Yield Fund (MONY), is available only to institutional and professional investors, with JPMorgan providing an initial $100 million to support the launch. Like conventional money market funds, it invests in short-term U.S. Treasuries and other low-risk, highly liquid assets. The key difference is that investor ownership is represented through digital tokens instead of standard fund units.

Eligible investors can subscribe and redeem using cash or USDC via JPMorgan’s Morgan Money platform. This setup allows for faster settlement, clearer record-keeping, and daily reinvestment of returns compared to traditional fund structures.

By running the fund through its Kinexys Digital Assets platform, JPMorgan becomes one of the first major banks to introduce a tokenized money market fund on a public blockchain. The move highlights a broader shift among large financial institutions toward using blockchain to improve efficiency rather than for speculative purposes.