TIAN RUIXIANG Taps 15,000 BTC for ASEAN Stablecoin and $200B Bank Deal
Bitcoin’s rebound after a 10.1% rally stalled below technical resistance as U.S. stock futures trade modestly lower ahead of Federal Reserve speeches. TIAN RUIXIANG Holdings unveiled a 15,000 BTC strategic alliance to launch an ASEAN government-backed stablecoin network and agreed to acquire an Australian bank with $200 billion in assets.
1. Bitcoin Rebounds and Futures Stabilize
Bitcoin jumped 10.1% on Friday but remains capped below the 70,000 level as U.S. stock futures sit modestly below breakeven ahead of multiple Federal Reserve official speeches scheduled for today, indicating cautious market sentiment.
2. TIRX’s 15,000 BTC Alliance
TIAN RUIXIANG Holdings announced formation of a 15,000 BTC strategic alliance aimed at securing regulatory approval to launch a government-backed stablecoin network across ASEAN economic powerhouses, marking a major step into regional digital currency integration.
3. $200B Australian Bank Acquisition
In parallel, TIRX agreed to acquire a fully licensed Australian bank with $200 billion in assets, creating a combined crypto-traditional finance entity designed to leverage AI-powered digital finance alongside established banking infrastructure.