A recent survey by the Bank for International Settlements (BIS) found that **94% of central banks** are exploring the creation of a **central bank digital currency (CBDC)**. This represents a significant increase from the 90% reported in a 2021 survey. The survey also highlighted a preference for issuing a **wholesale CBDC** for institutions first, before considering a **retail CBDC** for public use.  The BIS states that more than half of central banks are considering **limits on retail CBDC holdings, interoperability, offline options, and zero remuneration**. While **stablecoins** are gaining traction, they are still **rarely used for payments outside the crypto ecosystem**. This shift towards CBDCs indicates a growing interest in **digital currencies** within the global financial system.

There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

PolicyThere's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.By Camomile ShumbaJun 14, 2024 at 11:08 a.m. UTCUpdated Jun 14, 2024 at 11:10 a.m. UTCShare on FacebookShare on LinkedInShare on XBIS building (BIS)Share on FacebookShare on LinkedInShare on XThe Bank for International Settlements found that 94% of the central banks in its most recent survey were exploring a central bank digital currency.The central banks said they would probably issue a wholesale CBDC for institutions before a retail one.More central banks than ever before are exploring a central bank digital currency (CBDC), according to a Bank for International Settlements (BIS) survey published Friday.Among the 86 banks that participated, 94% said they were looking at a digital version of their national currencies. That's up from 90% of 81 respondents in a 2021 survey conducted by the BIS, an umbrella organization for the world's central banks.Respondents also said they're more likely to issue a wholesale CBDC than a retail version within the next six years. A wholesale version would be accessible only to banks and financial institutions, while a retail version could be used by the public for day-to-day life.Countries worldwide have been exploring whether or not to produce a digital currency for years, with China among one of the earliest. Nigeria and the Bahamas were among the first countries to issue their own CBDCs."For retail CBDCs, more than half of central banks are considering holding limits, interoperability, offline options and zero remuneration," the BIS said.The survey, conducted between October 2023 and January 2024, also found that stablecoins, cryptocurrencies whose value is pegged to a specific asset such as the dollar or gold, are rarely used for payments outside the crypto ecosystem.Edited by Sheldon Reback.DisclosurePlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.Camomile ShumbaCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.Follow @camomileshumba on TwitterRead more aboutRegulationsCBDCsBIScentral banks

More Central Banks Are Exploring a CBDC, BIS Survey Finds

Central Banks Are Embracing Digital Currencies: BIS Survey Reveals 94% Exploring CBDCs

![Bitcoin News](https://stat.theblock.co/cdn-cgi/image/format=webp,q=50/wp/uploads/2025/06/20250603_Bitcoin_News-1200x675.jpg)

## Quick Take

- Analysts say **Bitcoin** is in a **proof-of-conviction phase**, with rallies fragile and **long-term holders taking profits** below key resistance at **$113,000**.
- **Macro risk** looms as Friday’s **CPI print** becomes the only major U.S. data release amid the **government shutdown**, per QCP Capital experts.

![Bitcoin News](https://stat.theblock.co/cdn-cgi/image/format=webp,q=50/wp/uploads/2025/06/20250603_Bitcoin_News-1200x675.jpg)

Bitcoin's recent narrow price action is **testing patience below the short-term cost basis**, as **options open interest** remained near the highs and **put demand** rose, Timothy Misir, head of research at BRN, said in a market note Thursday.

According to The Block’s price page, **BTC** changed hands at around **$109,000** on Oct. 23, down over 3% in the last month. Misir put the intraday band at roughly **$109,500** on the upside and **$107,200** on the downside.

The **options market** has also moved to the forefront. Aggregated **open interest** for bitcoin options has climbed to new records, and dealers are increasingly facing concentrated **put exposure**. It’s a setup that often widens intraday ranges since **short gamma positions** force aggressive hedging on relatively modest delta moves. That dynamic, BRN warned, makes price action more susceptible to sudden **squeezes** and violent **retracements** around key strikes.

Repeated failures to reclaim the **$113,000** level have left **weaker hands** as the marginal sellers. Losing the **$108,000** band would risk larger drawdowns toward roughly **$104,500** and possibly the **$97,000** area.

Daily flows on Wall Street have reflected this mixed investor sentiment and market volatility. The Block’s data dashboard shows that **spot bitcoin ETFs** logged a **$101 million outflow** and **Ethereum ETFs** posted a **$19 million outflow** yesterday, signaling **wavering institutional demand** after recent liquidity events.

**Macro and event risk** are also in play. QCP Capital noted that the **U.S. government shutdown** has kept many economic data flows dark, focusing markets on Friday’s **CPI release**, which the BLS made an exception to publish. The print that could re-anchor the **soft-landing narrative** and tilt BTC’s skew if it surprises to the upside or downside. QCP said a soft CPI around **0.2%** would support BTC’s upside momentum, while a hotter print could quicken further **de-risking**.

Analysts are not unanimous on the near term. Standard Chartered this week warned a dip below **$100,000** "seems inevitable" by the weekend, though the bank suggested any such pullback could be **short-lived**.

That view mirrors the downside scenarios Misir flagged, where renewed **ETF outflows** or a fresh **macro shock** could amplify **long-holder distribution** and force a deeper consolidation.

"Bitcoin is in a **proof-of-conviction phase**." BRN’s expert said. "The market is **rangebound** and **message-driven**. ETFs and treasuries are buying paper, while **long-term holders are taking profits**. That tug keeps BTC stuck below the **short-term holders’ cost basis** and makes rallies fragile."

Bitcoin has stayed rangebound under $110,000 as options open interest neared records and ETF outflows deepen ahead of U.S. inflation data.

Bitcoin's $110,000 Standoff: Will Options and ETF Outflows Spark a Major Move?

## Good Morning, Asia: Markets in Holding Pattern

Crypto markets have entered midweek in a **holding pattern**, with **Bitcoin** and **Ethereum** trading in a narrow range as traders await key economic data and geopolitical developments.

### Key Market Movements

- **Bitcoin** is trading around **$108,164**, up slightly from Monday but still down 2% on the week.
- **Ethereum** is changing hands near **$3,815**, with volume up 33% as traders accumulate ahead of U.S. inflation data.
- **Gold** continues to experience a record-setting sell-off, with futures down 0.3% to $4,097.80 an ounce after Tuesday’s 5.7% plunge.
- **Asia-Pacific markets** fell Thursday, with Japan’s **Nikkei 225** down 1.5%, amid renewed U.S.-China trade tensions.

### Awaiting CPI and Trade Developments

Investors are in **wait-and-see mode** as the **U.S. shutdown stalls data releases** and **China signals restraint on export controls**, keeping markets range-bound ahead of Friday’s **CPI report**.

- **QCP Capital** described the current state as a **“narrow-range equilibrium”**, noting that CPI is the **“singular anchor”** for policy expectations and risk sentiment.
- A softer **0.2% CPI print** could **“re-anchor the soft-landing trade”** and support **Bitcoin’s upside skew** as liquidity expectations improve.
- **Polymarket traders** now assign a **77% probability** that Washington and Beijing will reach a **tariff agreement by Nov. 10**, while the odds of **Trump’s promised 100% tariffs** on China taking effect have fallen to 16%.

### Analyst Insights

- **Standard Chartered** analysts say a dip below **$100,000** for Bitcoin could be a **“last chance to buy”** before the next leg higher.
- For Ethereum, a **$650 million transfer by the Ethereum Foundation** triggered **$700 million in profit-taking and long liquidations**, leaving analysts divided between a potential breakout toward **$5,000** or a slide toward **$2,850** if support at **$3,470** fails.
- The relative calm in both crypto and equities reflects a **détente narrative**, with Trump’s softer weekend remarks that **“the USA wants to help China, not hurt it”** reinforcing expectations of a pragmatic approach.

### Broader Context

Last week’s **$20 billion liquidation flush** and **Binance’s collateral mispricing** have largely run their course, setting a cleaner slate for macro traders heading into the CPI event.

Whether the current calm holds will depend on whether Friday’s inflation print keeps the **“soft landing”** story alive or revives the volatility that markets have only just begun to shake off.

![China. (Excellentcc/Pixabay/Modified by CoinDesk)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8699ac1dd16fc73c72e581f7b737aeda1a59de3d-1920x1080.jpg%3Fauto%3Dformat&w=3840&q=75)

Investors are in wait-and-see mode as the U.S. shutdown stalls data releases and China signals restraint on export controls, keeping markets range-bound ahead of Friday’s CPI report.


Bitcoin and Ethereum Hold Steady as CPI and China-U.S. Trade Talks Loom – What’s Next for Crypto?

## Google's Quantum Breakthrough Sparks Bitcoin Security Debate

Google has announced a **verifiable "quantum advantage"** with its **Willow chip**, which completed a calculation that would take classical supercomputers **thousands of times longer**. This development is reigniting discussions in the cryptocurrency community about the potential threats quantum computing could pose to **Bitcoin**.

### The Quantum Computing Milestone

The Willow chip simulated **quantum chaos** in just two hours by measuring **Out-of-Time-Order Correlators (OTOCs)**, a key benchmark for tracking particle behavior. This achievement brings quantum computing closer to practical applications, such as **Hamiltonian learning**, which could model complex molecular structures beyond current capabilities.

### Implications for Bitcoin and Cryptography

Bitcoin's operation and security rely on **cryptographic methods** that quantum computing might one day challenge. However, experts emphasize that this reality is still distant. **Kostas Kryptos Chalkias**, co-founder and chief cryptographer of Mysten Labs, stated, "There’s no evidence today that any computer, even a classified one, can break modern cryptography. We’re at least 10 years away from that."

### Market Reactions

Following the announcement, **Alphabet's (GOOG) shares** saw a 1.5% increase before settling 0.7% higher. Concurrently, **Bitcoin (BTC)** experienced a minor 0.7% boost, though it remains 4% lower over the past 24 hours.

![Quantum Computing Optics (Ben Wicks/Unsplash)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F036a291e9b1c36e04e3714b7a4bebf769e030c17-1920x1080.jpg%3Fauto%3Dformat&w=3840&q=75)

Google said it achieved a "quantum advantage," with its Willow chip completing a calculation that would take classical supercomputers thousands of times longer.

Google's Quantum Leap: Is Bitcoin's Security at Risk?

## Market Update: Cryptocurrencies See Minor Declines

Bitcoin and other cryptocurrencies experienced slight declines early Wednesday, failing to recapture the **positive momentum** that has defined the sector for much of this year.

According to CoinDesk data, the price of **Bitcoin** dropped 0.7% over the past 24 hours to $107,844. **BTCUSD** is now trading approximately 14% below its **record high** reached earlier this month.

Other major cryptocurrencies also saw losses:
- **Ether (ETHUSD)** fell 1.2%
- **XRP (XRPUSD)** dropped 1.9%
- **Solana (SOLUSD)** declined 1.2%

Meanwhile, stock futures showed little movement, with the **S&P 500** rising 0.1% and **Nasdaq** trading flat in premarket activity.

## Crypto Market Diversity and Current Sentiment

The cryptocurrency space remains highly diverse, with thousands of coins available to investors—about 80 of them boasting market values exceeding $1 billion. Most tokens were in negative territory over the past day.

Whether this represents the end of a **bull cycle** or merely a **consolidation phase** before the next surge remains uncertain.

Alex Kuptsikevich of FxPro noted: "At current levels, the rule of 'buy when everyone is afraid' may work, or there may be a switch to a more intense sell-off after three months of stagnation."

Analysts at **B2BINPAY** anticipate altcoins will continue facing pressure, with Bitcoin and large-cap altcoins maintaining dominance unless a clear rotation is triggered. They stated: "Through end-2025 and into early 2026, the market may enter a regime where major coins retain dominance. **Liquidity**, measured via **stablecoin** flows (particularly **USDT**), becomes a key indicator to monitor, while **macro factors** such as dollar strength, real yields, and regulatory clarity determine positioning."

Cryptocurrencies are typically viewed as **risk assets**, with smaller coins often suffering more when investors shift toward safer assets like bonds or certain stocks during periods of high interest rates or economic uncertainty.

## Fraud Allegations Surrounding Melania Trump's Meme Coin

In separate crypto news, the architects behind First Lady **meme coin $MELANIA** have been accused of fraud. Court filings released Tuesday allege that the organizers launched the coin knowing it would plummet in value.

Newly filed court documents reveal that investors are accusing executives of the **Meteora** cryptocurrency exchange platform, where $MELANIA was initially traded, of orchestrating a scheme that allowed them to indirectly purchase large quantities of the virtual coin.

According to AFP reports, Meteora did not immediately respond to requests for comment.

Meme coins are considered **speculative assets** without intrinsic value. Notably, President Donald Trump also launched his own meme coin, **$TRUMP**, around the same time as his wife.

Bitcoin price, Ethereum, XRP and other cryptos fell. Separately, the architects of Melania Trump's meme coin were accused of fraud.

Bitcoin and Major Altcoins Slip as Melania Trump's Meme Coin Architects Face Fraud Charges

## Bitcoin Whale's Massive Short Bet Sparks Market Concerns

Bitcoin's **price has rebounded** since the October 10 crash, but skepticism remains among some traders. A prominent **Bitcoin OG** who previously earned **$200 million** by shorting BTC ahead of the October 10 sell-off has now placed a new **$234 million short position** on Bitcoin via the decentralized exchange Hyperliquid, according to on-chain analytics firm Arkham.

### The Bearish Bet Details

The whale's new short position emerged as BTC's price rally from the October 10 low of about **$104,000** stalled near **$114,000** on Tuesday. Since then, the cryptocurrency has pulled back to around **$108,500**. The liquidation price for this massive short is **$123,000**, the price point at which the position will face a margin call and be forcibly closed by the exchange.

### What Happened on October 10?

Prices plunged from around **$122,000** to **$104,000** on October 10, with most losses occurring late in the day after President Trump announced an additional **100% tariff** on Chinese goods, on top of existing 30% tariffs. This announcement followed China's move to tighten controls on rare earth exports, pushing risk assets lower.

The BTC sell-off was intensified by **technical issues at Binance**, which triggered volatility in key tokens like Ethena's synthetic dollar USDe. Interestingly, the BTC whale opened a massive short position about **30 minutes before** President Trump's tariff announcement, generating significant profits and sparking allegations of **insider trading**.

![BTC OG whale places bearish bet worth millions.](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fc9b4764d52b1d8f7679e29e0a2fae376d154bcb1-3840x2160.png%3Fauto%3Dformat&w=3840&q=75)

BTC has pulled back sharply from Tuesday's high of around $114,000.

Central Banks Are Embracing Digital Currencies: BIS Survey Reveals 94% Exploring CBDCs

Summary:

94% of central banks are exploring a central bank digital currency (CBDC), according to a recent BIS survey.

The survey found a higher likelihood of issuing a wholesale CBDC for institutions before a retail CBDC for the public.

Central banks are considering factors like holding limits, interoperability, offline options, and zero remuneration for retail CBDCs.

Stablecoins are not widely used for payments outside the crypto ecosystem.

The increasing interest in CBDCs suggests a growing importance of digital currencies within the global financial system.

Comments

Join Our Community

BitcoinToday.app

Other Latest News

Bitcoin's $110,000 Standoff: Will Options and ETF Outflows Spark a Major Move?

Bitcoin and Ethereum Hold Steady as CPI and China-U.S. Trade Talks Loom – What’s Next for Crypto?

Google's Quantum Leap: Is Bitcoin's Security at Risk?

Bitcoin and Major Altcoins Slip as Melania Trump's Meme Coin Architects Face Fraud Charges

Bitcoin OG Who Made $200M on Trump Tariffs Now Bets $234M Against BTC - Is a Crash Coming?

Other Latest News

Bitcoin's $110,000 Standoff: Will Options and ETF Outflows Spark a Major Move?

Bitcoin and Ethereum Hold Steady as CPI and China-U.S. Trade Talks Loom – What’s Next for Crypto?

Google's Quantum Leap: Is Bitcoin's Security at Risk?

Bitcoin and Major Altcoins Slip as Melania Trump's Meme Coin Architects Face Fraud Charges

Bitcoin OG Who Made $200M on Trump Tariffs Now Bets $234M Against BTC - Is a Crash Coming?