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Crypto Pulse Daily: China Unveils 2026 Plan to Expand Digital Yuan Usage Nationwide

Crypto Moves Faster. Stay Ahead With Bold Insights, Every Day.

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CoinGape Newsletter
December 29, 2025

Circle’s USDC stablecoin is facing a significant decline in its circulating supply as the USDC Treasury continues to burn tokens. As reported by Whale Alert, the USDC Treasury has destroyed about 51 million in tokens on the Solana blockchain as part of the platform’s efforts to manage the stablecoin’s circulation.

China will accelerate the development of the Central Bank Digital Yuan currency. This comes amid the release of the new action plan that has been approved. All stages will begin in 2026.

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Solana price showed signs of strength in early January 2026, hovering near $127 after a minor recovery in the broader market. The token remains supported within the $120–$130 demand zone, a level traders are watching closely for potential upside.

 The technical indicators on various timeframes indicate that the bullish momentum has the potential to accumulate.

In the last 24 hours, Solana increased by 3%, which is higher than the performance of the general crypto market of 1.92%.

Bitcoin price, Ethereum price, and XRP price show renewed strength heading into 2026 after daily gains of 2.04%, 2.57%, and 1.45% respectively. BTC price establishes the overall mood, and Ethereum and XRP are the ones with different technical configurations. Structural breaks, demand zones, and historical fractals are the focus of analysts. The charts represent various stages of expansion risk of major assets.