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China halts climate, military ties over Pelosi Taiwan visit

China says it is canceling or suspending dialogue with the U.S. on a range of issues from climate change to military relations and anti-narcotics efforts in retaliation for a visit this week to Taiwan by U.S. House Speaker Nancy Pelosi

BEIJING -- China on Friday said it is canceling or suspending dialogue with the United States on a range of issues from climate change to military relations and anti-drug efforts in retaliation for a visit this week to Taiwan by U.S. House Speaker Nancy Pelosi.

The measures, which come amid cratering relations between Beijing and Washington, are the latest in a promised series of steps intended to punish the U.S. for allowing the visit to the island it claims as its own territory, to be annexed by force if necessary. China on Thursday launched threatening military exercises in six zones just off Taiwan's coasts that it says will run through Sunday.

Missiles have also been fired over Taiwan, defense officials told state media. China routinely opposes the self-governing island having its own contacts with foreign governments, but its response to the Pelosi visit has been unusually vociferous.

The Foreign Ministry said dialogue between U.S. and Chinese regional commanders and defense department heads would be canceled, along with talks on military maritime safety.

Cooperation on returning illegal immigrants, criminal investigations, transnational crime, illegal drugs and climate change will be suspended, the ministry said.

The actions were taken because Pelosi visited Taiwan “in disregard of China’s strong opposition and serious representations," the ministry said in a statement.

China has accused the Biden administration of an attack on Chinese sovereignty, although Pelosi is head of the legislative branch of government and Biden had no authority to prevent her visit.

China's actions come ahead of a key congress of the ruling Communist Party later this year at which President Xi Jinping is expected to obtain a third five-year term as party leader. With the economy stumbling, the party has stoked nationalism and issued near-daily attacks on the government of Taiwanese President Tsai Ing-wen, which refuses to recognize Taiwan as part of China, in order to solidify its support among the public.

China said Friday that more than 100 warplanes and 10 warships have taken part in the live-fire military drills surrounding Taiwan over the past two days, while announcing mainly symbolic sanctions against U.S. House Speaker Nancy Pelosi and her family over her visit to Taiwan earlier this week.

The official Xinhua News Agency said Friday that fighters, bombers, destroyers and frigates were all used in what it called “joint blockage operations."

The military’s Eastern Theater Command also fired new versions of missiles it said hit unidentified targets in the Taiwan Strait “with precision.”

The Rocket Force also fired projectiles over Taiwan into the Pacific, military officers told state media, in a major ratcheting up of China’s threats to attack and invade the island.

The drills, which Xinhua described as being held on an “unprecedented scale," are China's most strident response to Pelosi's visit. The speaker is the highest-ranking U.S. politician to visit Taiwan in 25 years.

Dialogue and exchanges between China and the U.S., particularly on military matters and economic exchanges, have generally been halting at best. Climate change and fighting trade in illegal drugs such as fentanyl were, however, areas where they had found common cause, and Beijing's suspension of cooperation could have significant implications for efforts to achieve progress in those issues.

China and the United States are the world’s No. 1 and No. 2 climate polluters, together producing nearly 40% of all fossil-fuel emissions. Their top climate diplomats, John Kerry and Xie Zhenhua, maintained a cordial relationship that dated back to the Paris climate accord, which was made possible by a breakthrough negotiated among the two and others.

China under Kerry’s prodding committed at last year’s U.N. global climate summit in Glasgow to working with the U.S. “with urgency” to cut climate-wrecking emissions, but Kerry was unable to persuade it to significantly speed up China’s move away from coal.

On the Chinese coast across from Taiwan, tourists gathered Friday to try to catch a glimpse of any military aircraft heading toward the exercise area.

Fighter jets could be heard flying overhead and tourists taking photos chanted, “Let’s take Taiwan back," looking out into the blue waters of the Taiwan Strait from Pingtan island, a popular scenic spot in Fujian province.

Pelosi's visit stirred emotions among the Chinese public, and the government's response “makes us feel our motherland is very powerful and gives us confidence that the return of Taiwan is the irresistible trend,” said Wang Lu, a tourist from neighboring Zhejiang province.

China is a “powerful country and it will not allow anyone to offend its own territory,” said Liu Bolin, a high school student visiting the island.

His mother, Zheng Zhidan, was somewhat more circumspect.

“We are compatriots and we hope to live in peace,” Zheng said. “We should live peacefully with each other.”

China's insistence that Taiwan is its territory and its threat to use force to bring it under its control have featured highly in ruling Communist Party propaganda, the education system and the entirely state-controlled media for more than seven decades since the sides were divided amid civil war in 1949.

Taiwan residents overwhelmingly favor maintaining the status quo of de facto independence and reject China's demands that the island unify with the mainland under Communist control.

On Friday morning, China sent military ships and war planes across the mid-line of the Taiwan Strait, the Taiwanese Defense Ministry said, crossing what had for decades been an unofficial buffer zone between China and Taiwan.

Five of the missiles fired by China since the military exercises began Thursday landed in Japan’s Exclusive Economic Zone off Hateruma, an island far south of Japan’s main islands, Japanese Defense Minister Nobuo Kishi said. He said Japan protested the missile landings to China as “serious threats to Japan’s national security and the safety of the Japanese people.”

Japan's Defense Ministry later said they believe four other missiles fired from China’s southeastern coast of Fujian flew over Taiwan.

Japanese Prime Minister Fumio Kishida said Friday that China’s military exercises aimed at Taiwan represent a “grave problem” that threatens regional peace and security.

Chinese Foreign Ministry spokesperson Hua Chunying said China's actions were in line with “international law and international practices," though she provided no evidence.

“As for the Exclusive Economic Zone, China and Japan have not carried out maritime delimitation in relevant waters, so there is no such thing as an EEZ of Japan," Hua told reporters at a daily briefing.

In Tokyo, where Pelosi is winding up her Asia trip, she said China cannot stop U.S. officials from visiting Taiwan. Kishida, speaking after breakfast with Pelosi and her congressional delegation, said the missile launches need to be “stopped immediately.”

China said it summoned European diplomats in the country to protest statements issued by the Group of Seven industrialized nations and the European Union criticizing the Chinese military exercises surrounding Taiwan.

Its Foreign Ministry on Friday said Vice Minister Deng Li made “solemn representations” over what he called “wanton interference in China’s internal affairs.”

Deng said China would “prevent the country from splitting with the strongest determination, using all means and at any cost.”

The ministry said the meeting was held Thursday night but gave no information on which countries participated. Earlier Thursday, China canceled a foreign ministers’ meeting with Japan to protest the G-7 statement that there was no justification for the exercises.

Both ministers were attending a meeting of the Association of Southeast Asian Nations in Cambodia.

China has promoted the overseas support it has received for its response to Pelosi’s visit, mainly from fellow authoritarian states such as Russia, Syria and North Korea.

China had earlier summoned U.S. Ambassador Nicholas Burns to protest Pelosi's visit. The speaker left Taiwan on Wednesday after meeting Tsai and holding other public events. She traveled on to South Korea and then Japan. Both countries host U.S. military bases and could be drawn into a conflict involving Taiwan.

The Chinese exercises involve troops from the navy, air force, rocket force, strategic support force and logistic support force, according to Xinhua.

They are believed to be the largest held near Taiwan in geographical terms and the closest in proximity — within 20 kilometers (12 miles) of the island.

U.S. Secretary of State Antony Blinken on Friday called the drills a “significant escalation” and said he has urged Beijing to back down.

U.S. law requires the government to treat threats to Taiwan, including blockades, as matters of “grave concern.”

The drills are an echo of the last major Chinese military drills aimed at intimidating Taiwan’s leaders and voters in 1995 and 1996.

Taiwan has put its military on alert and staged civil defense drills, but the overall mood remained calm on Friday. Flights have been canceled or diverted and fishermen have remained in port to avoid the Chinese drills.

In the northern port of Keelung, Lu Chuan-hsiong, 63, was enjoying his morning swim Thursday, saying he wasn’t worried.

“Everyone should want money, not bullets,” Lu said.

https://abcnews.go.com/International/wireStory/china-summons-european-diplomats-statement-taiwan-87981101

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He also says that XRP could hit $7-$9 pretty soon, and might even soar to over $100 once the system runs on XRPL!

OP: Ripplexrpie

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🚨 There was a time when the US military knew exactly who the real enemy was—Britain.

Trump is reviving that clarity.

From Greenland to housing cartels, he's dismantling 80 years of imperial control over American policy.

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Catherine Austin Fitts:

Catherine Austin Fitts:

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This clip of Fitts, a former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report (@solari_the), is taken from a discussion with CapitalCosm (@CapitalCosm) posted to YouTube on January 10, 2026.

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Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
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We’ve secured our preliminary Electronic Money Institution license approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). 🇪🇺

This is a pivotal step toward scaling Ripple Payments across the EU, bringing institutional-grade digital asset infrastructure to the region. on.ripple.com/49D0FjW

The momentum is global:

→ 75+ licenses & registrations worldwide
→ $95B+ in volume processed to date
→ Reaching 90% of daily FX markets

With the EU taking the lead in building a regulatory framework for digital assets, we're helping institutions transition from pilots to commercial scale, and we’re bridging the gap between legacy finance and the digital future to unlock trillions in dormant capital.

https://x.com/i/status/2011363419501347177

@usbank is testing custom issuance of its own stablecoin on Stellar.

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Lights out and away we go!

https://messari.io/report/stellar-financial-ecosystem-update

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⚠️ More Secret Than The Atomic Bomb ⚠️

⚠️ More Secret Than The Atomic Bomb ⚠️

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Most notably, Grusch asserted that former Vice President Dick Cheney played a central role in overseeing the program. Cheney’s name has circulated within UFO/UAP research circles for years, but this marks the first time it has been spoken publicly by a former intelligence official who claims direct knowledge of the issue. It is also notable that just weeks ago, journalist Ross Coulthart independently referenced Cheney in a similar context, lending additional weight to the consistency of these claims.

Grusch also named former Director of National Intelligence James Clapper, stating that Clapper was not only aware of the crash retrieval issue, but managed it and helped place individuals into key roles, both publicly and behind the scenes. These are serious assertions that warrant scrutiny and further investigation, given their potential implications for disclosure.

Please watch the full interview and consider its significance within the broader context of the disclosure conversation. Please note that the interview concludes with a paid promotional pitch, and Grusch does not provide any additional comments after the pitch.

 

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Stellar CEO Reveals Where Real Opportunity Lies in Crypto Market: Details

In a recent tweet, Stellar Development Foundation (SDF) CEO and Executive Director Denelle Dixon defines what "real opportunity" is in blockchain as a new financial future beckons.

The SDF CEO was reacting to a recent Bloomberg report on Bank of New York Mellon Corp (BNY), Nasdaq, S&P Global and iCapital participation in a new $50 million investment round by Digital Asset Holdings. This comes as some of Wall Street’s biggest names embrace the technology that underpins cryptocurrencies to handle traditional assets.

Reacting to this development, Stellar Foundation CEO Denelle Dixon stated that every blockchain investment is a bet on a different financial future. Dixon added that seeing banks explore blockchain technology validates what has been known over the years.

Real opportunity defined

While Wall Street’s biggest names betting on blockchain might be one of the most significant adoption milestones in the digital asset market, Dixon defines what real opportunity is and what it is not.

According to the SDF executive director, real opportunity is not replicating old systems on new rails but rather building open networks that fundamentally expand global finance participation.

"But the real opportunity isn’t replicating old systems on new rails—it’s building open networks that fundamentally expand who gets to participate in global finance. That’s the opportunity," Dixon tweeted.

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Stellar eyes privacy upgrade

A new protocol upgrade is on the horizon for the Stellar network: X-Ray, which lays the groundwork for developers to build privacy applications on Stellar using zero-knowledge (ZK) cryptography.

The protocol timeline testnet vote is anticipated for Jan. 7, 2026, while the mainnet vote is expected for Jan. 22, 2026.

Source

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XDC Network's acquisition of Contour Network

XDC Network's acquisition of Contour Network marks a silent shift to connect the digital trade infrastructure to real-time, tokenized settlement rails.

In a world where cross-border payments still take days and trap trillions in idle liquidity, integrating Contour’s trade workflows with XDC Network Blockchains' ISO 20022 financial messaging standard to bridge TradFi and Web3 in Trade Finance.

The Current State of Cross-Border Trade Settlements

Cross-border payments remain one of the most inefficient parts of global finance. For decades, companies have inter-dependency with banks and their correspondent banks across the world, forcing them to maintain trillions of dollars in pre-funded nostro and vostro balances — the capital that sits idle while transactions crawl across borders.

Traditional settlement is slow, often 1–5 days, and often with ~2-3% in FX and conversion fees. For every hour a corporation can’t access its own cash increases the cost of financing, tightens liquidity that could be used for other purposes, which in turn slows economic activity.

Before SWIFT, payments were fully manual. Intermediary banks maintained ledgers, and reconciliation across multiple institutions limited speed and volume.

SWIFT reshaped global payments by introducing a secure, standardized messaging infrastructure through ISO 20022 - which quickly became the language of money for 11,000+ institutions in 200 countries.

But SWIFT only fixed the messaging — not the movement. Actual value still moves through slow, capital-intensive correspondent chains.

Regulated and Compliant Stablecoin such as USDC (Circle) solves the part SWIFT never could: instant, on-chain settlement.

Stablecoin Settlement revamping Trade and Tokenization

Stablecoin such as USDC is a digital token pegged to the US Dollar, still the most widely used currency for trade, enabling the movement of funds instantly 24*7 globally - transparently, instantly, and without the need for any intermediaries and the need to lock in trillions of dollars of idle cash.

Tokenized settlement replaces multi-day reconciliation with on-chain finality, reducing:

  • Dependency on intermediaries
  • Operational friction
  • Trillions locked in idle liquidity

For corporates trapped in long working capital cycles, this is transformative.

Digital dollars like USDC make the process simple:

Fiat → Stablecoin → On-Chain Transfer → Fiat

This hybrid model is already widely used across remittances, payouts, and treasury flows.

But one critical piece of global commerce is still lagging:

👉 Trade finance.

The Missing link is still Trade Finance Infrastructure.

While payments innovation has raced ahead, trade finance infrastructure hasn’t kept up. Document flows, letters of credit, and supply-chain financing remain siloed, paper-heavy, and operationally outdated.

This is exactly where the next breakthrough will happen - and why the recent XDC Network acquisition of Contour is a silent revolution.

It transforms to a new era of trade-driven liquidity through an end-to-end digital trade from shipping docs to payment confirmation – one infrastructure that powers all.

The breakthrough won’t come from payments alone — it will come from connecting trade finance to real-time settlement rails.

The XDC + Contour Shift: A Silent Revolution

  • Contour already connects global banks and corporates through digital LCs and digitized trade workflows.
  • XDC Blockchain brings a settlement layer built for speed, tokenization, and institutional-grade interoperability and ISO 20022 messaging compatibility

Contour’s digital letter of credit workflows will be integrated with XDC’s blockchain network to streamline trade documentation and settlement.

Together, they form the first end-to-end digital trade finance network linking:

Documentation → Validation → Settlement all under a single infrastructure.

XDC Ventures (XVC.TECH) is launching a Stable-Coin Lab to work with financial institutions on regulated stablecoin pilots for trade to deepen institutional trade-finance integration through launch of pilots with banks and corporates for regulated stable-coin issuance and settlement.

The Bottom Line

Payments alone won’t transform Global Trade Finance — Trade finance + Tokenized Settlement will.

This is the shift happening underway XDC Network's acquisition of Contour is the quiet catalyst.

Learn how trade finance is being revolutionised:

https://www.reuters.com/press-releases/xdc-ventures-acquires-contour-network-launches-stablecoin-lab-trade-finance-2025-10-22/

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