Asia's weekly TOP10 crypto news (May 5 to May 11)

May 11, 2025

1. The People’s Bank of China Announces Interest Rate Cuts and Reduction of Reserve Requirement Ratio link

On May 7, at the press conference held by the State Council Information Office, Pan Gongsheng, the governor of the People’s Bank of China, announced a 0.5 — percentage — point cut in the reserve requirement ratio, providing about 1 trillion yuan of long — term liquidity to the market. Meanwhile, the policy interest rate was lowered by 0.1 percentage point.

2. Ko Ju-chun, a Legislator from Taiwan, China, Calls for Incorporating Bitcoin into Diversified Reserves link

Taiwan’s “legislative” member Ko Ju — Chun called on the Taiwan authorities at the national affairs forum of the “Legislative Yuan” today to include Bitcoin in the diversified reserves, on a par with gold and foreign exchange reserves. He pointed out that with the current rising global political and economic risks, Bitcoin has a hedging property, which helps to enhance the resilience and adaptability of Taiwan’s financial system.

3. CZ: Has Suggested That Kyrgyzstan Include BTC and BNB in National Cryptocurrency Reserves link

CZ tweeted that he has recommended BNB and BTC as the initial currencies for Kyrgyzstan’s national cryptocurrency reserve. Previously, CZ announced that he had accepted the invitation of Kyrgyzstan’s President Sadyr Japarov to join the Kyrgyzstan National Crypto — Commission.

Kyrgyzstan plans to launch a gold — backed stablecoin pegged to the US dollar, the Gold Dollar (USDKG), in the third quarter. The stablecoin will be backed by $500 million in gold provided by the Ministry of Finance of Kyrgyzstan, and the reserve is planned to be expanded to $2 billion. It is reported that USDKG is designed specifically for cross — border transactions and international trade. It initially focuses on Central Asia and will be expanded to Southeast Asia and the Middle East in the future.

4. The Indonesian Government May Require Worldcoin to Delete 500,000 Pieces of Citizens’ Retinal Data link

The Indonesian Ministry of Communications and Digital Affairs (Komdigi) is investigating the security of the retinal data of 500,000 Indonesian citizens stored by the World platform. If risks are found, the data will be permanently deleted. Previously, the platform had been scrutinized for offering 800,000 Indonesian rupiah (about $48) per person as an incentive for retinal scans. It has ceased its related activities in Indonesia after its license was suspended. The World platform has emphasized that its cryptocurrency, Worldcoin, is only an optional incentive and not a compensation tool.

5. The Maldives Introduces Middle Eastern Funds and Plans to Build an $8.8 Billion Blockchain Financial Center to Transform the Economic Structure link

The government of the Maldives has signed a joint — venture agreement with Dubai — based MBS Global Investments to build an $8.8 — billion blockchain and digital asset financial center in Malé. The government hopes to use this project to promote the economic transformation of the Maldives from tourism and fishing industries. MBS, the family office of Qatari billionaire Sheikh Nayef bin Eid Al Thani, has received initial funding commitments of over $4–5 billion.

6. Virtual Asset Investors in South Korea Account for One-third of Voters, and Presidential Candidates Compete to Roll out Cryptocurrency Policies link

With an estimated 16 million virtual asset investors in South Korea, accounting for about 36% of the country’s voters, as the presidential election on June 3 approaches, candidates from various parties have introduced policies related to virtual assets to attract votes. Lee Jae — myung, the candidate of the Democratic Party of Korea, advocates promoting the legislation of virtual assets and is supported by token securities experts. Kim Moon — soo, the candidate of the People Power Party, proposes to allow the national pension to invest in crypto — assets, lift the restrictions on ETF trading and regulations. Lee Jun — seok, the candidate of the third party, emphasizes relaxing the blockchain regulations to promote the development of the industry.

7. Japanese Listed Company Metaplanet Increases Its Bitcoin Holdings by 555 Coins Again link

Metaplanet, a listed Japanese company, said on its official X that as of May 7, it had newly purchased 555 bitcoins at an average price of 13,824,064 yen (about $89,000), with a total amount of 7.672 billion yen. Its current total holdings reached 5,555 BTC, and the total investment amount was 71.763 billion yen (about $465 million).

In addition, Metaplanet announced the issuance of the 14th — issue ordinary bonds to raise $21.25 million, all of which will be used to increase bitcoin holdings. This round of bonds is fully subscribed by EVO FUND, with a zero — coupon and unsecured structure, and will mature in November 2025. The company added 555 bitcoins this week, with a total holding of 5,555 bitcoins and a total investment of nearly $482 million. It has become the largest bitcoin — holding listed company in Asia and the ninth — largest in the world.

8. The Official Website of Futu Securities Shows Support for Recharging Cryptocurrencies Such as BTC and ETH link

Futu’s official website shows that users who have opened a securities account can recharge BTC and ETH to their Futu accounts through personal wallets, with a minimum of 0.0002 BTC and 0.001 ETH respectively. The USDT recharge function is only open to professional investors. It is required to use the designated network, and the coin recharge must be initiated by a personal wallet. Coin recharge from an exchange wallet will fail. Currently, it only supports users in Hong Kong, and the service will be opened in Singapore. This function uses the underlying architecture of HashKey, and the withdrawal of cryptocurrencies is not supported at present.

9. Binance’s “Asian Cryptocurrency Security Survey”: 40.7% of Respondents Have Encountered Cryptocurrency-related Fraud link

Binance’s “Asia Crypto Security Survey” shows that 80.5% of the respondents have enabled 2FA, only 17.6% of the respondents have enabled the address whitelist mechanism, 21.5% of the respondents will use anti — phishing verification codes, 34.4% of the respondents will store their private keys on network — connected devices, 73.3% of the users will review the receiving address before transferring funds, and 40.7% of the respondents have encountered crypto — related fraud.

10. The Author of “Rich Dad Poor Dad”: One Should Abandon “Fake Currencies” and Shift to Bitcoin, Gold, and Silver link

Robert Kiyosaki, the author of Rich Dad Poor Dad, has called on Americans to abandon “fake money” and invest in bitcoin, gold, and silver instead, warning that central banks are eroding wealth. Citing the views of former US Congressman Ron Paul, he criticized the central bank’s interest rate setting as “price — fixing”, which leads to dishonest currency, statistics, and leadership, undermining economic freedom. Kiyosaki has long opposed fiat currency and advocated decentralized assets such as bitcoin, gold, and silver as inflation — hedging tools. He has predicted that the price of bitcoin will exceed $1 million by 2035.

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