<ul><li>China's state-backed think tank, The International Monetary Institution (IMI), highlights Bitcoin as a reserve asset for central banks as a hedge against USD.</li><li>IMI republished an article originally by Matthew Ferranti, emphasizing Bitcoin's role in the reserve asset debate, particularly for central banks in developing economies susceptible to US dollar weaponization.</li><li>The editorial note by IMI on WeChat points out the decline in the appeal of US dollar assets due to deficits, inflation, and falling real yields, making Bitcoin a potential strategic reserve asset.</li><li>Sony's online bank also enters the crypto space by launching a new crypto unit, indicating the growing interest and adoption of cryptocurrencies in the financial sector.</li></ul>

China’s state-backed think tank considers Bitcoin reserve, Sony Bank goes Web3: Asia Express

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