The post Obi Toppin Believes In Pacers Frontcourt, And He’s A Key Part Of It appeared on BitcoinEthereumNews.com. INDIANAPOLIS, INDIANA – NOVEMBER 25: Obi Toppin #1 of the Indiana Pacers celebrates after making a shot in the third quarter against the New Orleans Pelicans at Gainbridge Fieldhouse on November 25, 2024 in Indianapolis, Indiana. (Photo by Dylan Buell/Getty Images) Getty Images Obi Toppin loves Pacers fans, and Pacers fans love him. Before almost every game, the five-year pro picks a fan, typically a young one, out of the crowd to throw him a lob during warmups. That showcase of athleticism is what makes Toppin such a unique player. Few can fly through the air like he does. And that connection with fans extends to his teammates – the Brooklyn native is a popular, connective locker room piece. His positivity is a boon behind the scenes for Indiana. And the ability Toppin has to connect with others was what made the basketball camp he hosted in Indianapolis last week special. “Coming to Indy, just seeing the culture, knowing the culture here. I love doing stuff like this, so why not do it here since I’m here? The kids love it. The fans love it,” Toppin shared of holding his camp in Indianapolis last week, per the Indy Star. “So coming out here every single year to do this, as long as I’m here, I’m gonna be doing it every summer.” Toppin also discussed the coming season for the Pacers, one that will be fascinating in the frontcourt. The bouncy four man could be an important reserve, but his ability shown in the past to play the five might make him a part of Indiana’s best lineup in 2025-26. He’s been preparing for a potentially huge year. Toppin shared that he’s been in the gym throughout the summer, working on his game and keeping himself well conditioned. His ability to… The post Obi Toppin Believes In Pacers Frontcourt, And He’s A Key Part Of It appeared on BitcoinEthereumNews.com. INDIANAPOLIS, INDIANA – NOVEMBER 25: Obi Toppin #1 of the Indiana Pacers celebrates after making a shot in the third quarter against the New Orleans Pelicans at Gainbridge Fieldhouse on November 25, 2024 in Indianapolis, Indiana. (Photo by Dylan Buell/Getty Images) Getty Images Obi Toppin loves Pacers fans, and Pacers fans love him. Before almost every game, the five-year pro picks a fan, typically a young one, out of the crowd to throw him a lob during warmups. That showcase of athleticism is what makes Toppin such a unique player. Few can fly through the air like he does. And that connection with fans extends to his teammates – the Brooklyn native is a popular, connective locker room piece. His positivity is a boon behind the scenes for Indiana. And the ability Toppin has to connect with others was what made the basketball camp he hosted in Indianapolis last week special. “Coming to Indy, just seeing the culture, knowing the culture here. I love doing stuff like this, so why not do it here since I’m here? The kids love it. The fans love it,” Toppin shared of holding his camp in Indianapolis last week, per the Indy Star. “So coming out here every single year to do this, as long as I’m here, I’m gonna be doing it every summer.” Toppin also discussed the coming season for the Pacers, one that will be fascinating in the frontcourt. The bouncy four man could be an important reserve, but his ability shown in the past to play the five might make him a part of Indiana’s best lineup in 2025-26. He’s been preparing for a potentially huge year. Toppin shared that he’s been in the gym throughout the summer, working on his game and keeping himself well conditioned. His ability to…

Obi Toppin Believes In Pacers Frontcourt, And He’s A Key Part Of It

2025/09/22 20:54

INDIANAPOLIS, INDIANA – NOVEMBER 25: Obi Toppin #1 of the Indiana Pacers celebrates after making a shot in the third quarter against the New Orleans Pelicans at Gainbridge Fieldhouse on November 25, 2024 in Indianapolis, Indiana. (Photo by Dylan Buell/Getty Images)

Getty Images

Obi Toppin loves Pacers fans, and Pacers fans love him. Before almost every game, the five-year pro picks a fan, typically a young one, out of the crowd to throw him a lob during warmups.

That showcase of athleticism is what makes Toppin such a unique player. Few can fly through the air like he does. And that connection with fans extends to his teammates – the Brooklyn native is a popular, connective locker room piece. His positivity is a boon behind the scenes for Indiana. And the ability Toppin has to connect with others was what made the basketball camp he hosted in Indianapolis last week special.

“Coming to Indy, just seeing the culture, knowing the culture here. I love doing stuff like this, so why not do it here since I’m here? The kids love it. The fans love it,” Toppin shared of holding his camp in Indianapolis last week, per the Indy Star. “So coming out here every single year to do this, as long as I’m here, I’m gonna be doing it every summer.”

Toppin also discussed the coming season for the Pacers, one that will be fascinating in the frontcourt. The bouncy four man could be an important reserve, but his ability shown in the past to play the five might make him a part of Indiana’s best lineup in 2025-26.

He’s been preparing for a potentially huge year. Toppin shared that he’s been in the gym throughout the summer, working on his game and keeping himself well conditioned. His ability to stress out a defense with both shooting and vertical spacing makes him a valuable offensive piece, and he continued to prove that in the postseason last year.

In more recent days, Toppin was with his teammates at Pascal Siakam’s home in Orlando for a pre-preseason mini camp. The Pacers have done something like this two years in a row, and it has become an opportunity for the team to get rolling collectively early.

Outside of the absence of Tyrese Haliburton, who will miss the coming season with a torn Achilles, the most noticeable on-court change in the minicamp videos from 2024 to 2025 was the state of the frontcourt. Myles Turner is gone. Jay Huff is in the mix, and a few other players are recovering from major injuries.

Why Obi Toppin will be important for the 2025-26 Pacers

The dynamics of the four and five positions are going to be altered this season in the Circle City. The team’s play style without Haliburton could be different for a year. What that means for Toppin is a crucial riddle for the blue and gold – the previous style suited him well, and his versatility is important for the team.

He’s a solid jump shooter who understands spacing, Toppin will be additive even if the Pacers play in a distinct manner this season. But how he is properly utilized, and alongside what other talents, may look different for the 2020 lottery pick as he enters his sixth NBA season.

Indiana Pacers forward Obi Toppin (1) yells after a play against the Los Angeles Lakers during the second half of the championship game in the NBA basketball In-Season Tournament on Saturday, Dec. 9, 2023, in Las Vegas. (AP Photo/Ian Maule)

Copyright 2023 The Associated Press. All rights reserved.

“Tyrese brings so much to the team and it’s not hidden. Everybody understands what he brings to the game. So it’s just something that everybody on the team gotta do while we’re out there, just doing a little extra, knowing what we’re missing and knowing what we need out there on the court,” Toppin said of the team without Haliburton. “And just continue playing Pacers basketball. We built a system here, and I feel like everybody is bought into the system. That’s why we’ve been so successful. And if we continue doing that, we’re going to still be great.”

When the Pacers traded for Toppin, part of the appeal was that his ideal style of play would fit well with Haliburton. That’s why Toppin started 27 of his first 28 games with the blue and gold – it maximized his time on the floor with the star guard.

But a bench role became appropriate for Toppin in large part due to his own improvements. His ability to cut and warp defenses still worked well with the second unit, and he became a great partner when sharing the floor with reserve point guard T.J. McConnell. That, plus dramatically improved shooting at the addition of Pascal Siakam, made Toppin a very effective player regardless of Haliburton’s status on the floor.

Toppin’s true versatility appeared in the playoffs of his first season with the blue and gold. When battling a Milwaukee Bucks team with a smaller frontcourt, the Dayton product became the Pacers backup center. He fared well in that role – almost always sharing the frontcourt with Siakam in those minutes.

Now, with year three in Indiana on the way, Toppin once again enters a new reality, but one that comes with optimism thanks to his experience in Indiana. He’s learned how to play center, succeed without Haliburton, and be a threat from beyond the arc on top of his rim pressure. He will be an important player for the 2025-26 Pacers regardless of what play style they opt for on a night-to-night basis.

“All the bigs that we have here are amazing bigs. We had Isaiah [Jackson] and James [Wiseman] last year, so they understand the system. They’ve been around it for so long. And Jay Huff is really smart, and he’s really good at basketball. He comes in, does his work, and he’s going to pick up on everything very quickly,” Toppin said. “But as far as me, I’m going to come in with the same mentality. Just wherever coach puts me, I’m going to be ready to play and do whatever I have to do to help the team.”

What exactly Toppin will have to do to help his team could be any number of things. His biggest role will likely stay as being the team’s reserve four man behind Siakam, though even that could be more demanding this year – asking too much of Siakam in a gap year shouldn’t be the Pacers priority. If the Pacers slow down, Toppin’s athleticism and versatility can break the height of the floor. In an up-tempo system, his speed and shooting will be valuable for him and his teammates.

And while Jackson and Huff battle for the starting center role, there is an argument to be made that Toppin at the five next to Siakam could be the Pacers most effective frontcourt option this campaign. The duo had a +2.6 net rating last season – it could be the closing four-five combo in tight games.

Essentially, regardless of what path the Pacers take this year, Obi Toppin will be important. His growth over the past two seasons will make him a part of any path Indiana goes down, and he’s prepared for that. No matter what role he gets, he’ll be entertaining for fans.

Source: https://www.forbes.com/sites/tonyeast/2025/09/22/obi-toppin-believes-in-pacers-frontcourt-and-hes-a-key-part-of-it/

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Wang Yongli, former vice president of the Bank of China: Why did China resolutely halt stablecoins?

Wang Yongli, former vice president of the Bank of China: Why did China resolutely halt stablecoins?

Written by: Wang Yongli , former Vice President of Bank of China China's policy orientation of accelerating the development of the digital yuan and resolutely curbing virtual currencies, including stablecoins, is now fully clear. This is based on a comprehensive consideration of factors such as China's leading global advantages in mobile payments and the digital yuan, the sovereignty and security of the yuan, and the stability of the monetary and financial system. Since May 2025, the United States and Hong Kong have been racing to advance stablecoin legislation, which has led to a surge in global legislation on stablecoins and crypto assets (also known as "cryptocurrencies" or "virtual currencies"). A large number of institutions and capital are flocking to issue stablecoins and invest in crypto assets, which has also sparked heated debate on whether China should fully promote stablecoin legislation and the development of RMB stablecoins (including offshore ones). Furthermore, after the United States legislated to prohibit the Federal Reserve from issuing digital dollars, whether China should continue to promote digital RMB has also become a hot topic of debate. For China, this involves the direction and path of national currency development. With the global spread of stablecoins and the increasingly acute and complex international relations and fiercer international currency competition, this has a huge and far-reaching impact on how the RMB innovates and develops, safeguards national security, and achieves the strategic goals of a strong currency and a financial power. We must calmly analyze, accurately grasp, and make decisions early. We cannot be indifferent or hesitant, nor can we blindly follow the trend and make directional and subversive mistakes. Subsequently, the People's Bank of China announced that it would optimize the positioning of the digital yuan within the monetary hierarchy (adjusting the previously determined M0 positioning. This is a point I have repeatedly advocated from the beginning; see Wang Yongli's WeChat public account article "Digital Yuan Should Not Be Positioned as M0" dated January 6, 2021), further optimize the digital yuan management system (establishing an international digital yuan operations center in Shanghai, responsible for cross-border cooperation and use of the digital yuan; and establishing a digital yuan operations management center in Beijing, responsible for the construction, operation, and maintenance of the digital yuan system), and promote and accelerate the development of the digital yuan . On November 28, the People's Bank of China and 13 other departments jointly convened a meeting of the coordination mechanism for combating virtual currency trading and speculation. The meeting pointed out that due to various factors, virtual currency speculation has recently resurfaced, and related illegal and criminal activities have occurred frequently, posing new challenges to risk prevention and control. It emphasized that all units should deepen coordination and cooperation, continue to adhere to the prohibitive policy on virtual currencies, and persistently crack down on illegal financial activities related to virtual currencies. It clarified that stablecoins are a form of virtual currency , and their issuance and trading activities are also illegal and subject to crackdown. This has greatly disappointed those who believed that China would promote the development of RMB stablecoins and correspondingly relax the ban on virtual currency (crypto asset) trading. Therefore, China's policy orientation of accelerating the development of the digital yuan and resolutely curbing virtual currencies, including stablecoins, is now fully clear . Of course, this policy orientation remains highly debated both domestically and internationally, and there is no consensus among the public. So, how should we view this major policy direction of China? This article will first answer why China resolutely halted stablecoins; how to accelerate the innovative development of the digital yuan will be discussed in another article . There is little room or opportunity for the development of non-USD stablecoins. Since Tether launched USDT, a stablecoin pegged to the US dollar, in 2014 , USD stablecoins have been operating for over a decade and have formed a complete international operating system. They have basically dominated the entire crypto asset trading market, accounting for over 99% of the global fiat stablecoin market capitalization and trading volume . This situation arises from two main factors. First, the US dollar is the most liquid and has the most comprehensive supporting system of international central currencies, making stablecoins pegged to the dollar the easiest to accept globally. Second, it is also a result of the US's long-standing tolerant policy towards crypto assets like Bitcoin and dollar-denominated stablecoins, rather than leading the international community to strengthen necessary regulation and safeguard the fundamental interests of all humanity. Even this year, when the US pushed for legislation on stablecoins and crypto assets, it was largely driven by the belief that dollar-denominated stablecoins would increase global demand for the dollar and dollar-denominated assets such as US Treasury bonds, reduce the financing costs for the US government and society, and strengthen the dollar's international dominance. This was a choice made to enhance US support for dollar-denominated stablecoins and control their potential impact on the US, prioritizing the maximization of national interests while giving little consideration to mitigating the international risks of stablecoins. With the US strongly promoting dollar-denominated stablecoins, other countries or regions launching non-dollar fiat currency stablecoins will find it difficult to compete with dollar-denominated stablecoins on an international level, except perhaps within their own sovereign territory or on the issuing institution's own e-commerce platform. Their development potential and practical significance are limited . Lacking a strong ecosystem and application scenarios, and lacking distinct characteristics compared to dollar-denominated stablecoins, as well as the advantage of attracting traders and transaction volume, the return on investment for issuing non-dollar fiat currency stablecoins is unlikely to meet expectations, and they will struggle to survive in an environment of increasingly stringent legislation and regulation in various countries. The legislation on stablecoins in the United States still faces many problems and challenges. Following President Trump's second election victory, his strong advocacy for crypto assets such as Bitcoin fueled a new international frenzy in cryptocurrency trading, driving the rapid development of dollar-denominated stablecoin trading and a surge in stablecoin market capitalization. This not only increased demand for the US dollar and US Treasury bonds, strengthening the dollar's international status, but also brought huge profits to the Trump family and their cryptocurrency associates. However, this also posed new challenges to the global monitoring of the dollar's circulation and the stability of the traditional US financial system. Furthermore, the trading and transfer of crypto assets backed by dollar-denominated stablecoins has become a new and more difficult-to-prevent tool for the US to harvest global wealth, posing a serious threat to the monetary sovereignty and wealth security of other countries . This is why the United States has accelerated legislation on stablecoins, but its legislation is more about prioritizing America and maximizing American and even group interests, at the expense of the interests of other countries and the common interests of the world. After the legislation on US dollar stablecoins came into effect, institutions that have not obtained approval and operating licenses from US regulators will find it difficult to issue and operate US dollar stablecoins in the United States (for this reason, Tether has announced that it will apply for US-issued USDT). Stablecoin issuers subject to US regulation must meet regulatory requirements such as Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorist Financing (FTC). They must be able to screen customers against government watchlists and report suspicious activities to regulators. Their systems must have the ability to freeze or intercept specific stablecoins when ordered by law enforcement agencies. Stablecoin issuers must have reserves of no less than 100% US dollar assets (including currency assets, short-term Treasury bonds, and repurchase agreements backed by Treasury bonds) approved by regulators, and must keep US customer funds in US banks and not transfer them overseas. They are prohibited from paying interest or returns on stablecoins, and strict control must be exercised over-issuance and self-operation. Reserve assets must be held in custody by an independent institution approved by regulators and must be audited by an auditing firm at least monthly and an audit report must be issued. This will greatly enhance the value stability of stablecoins relative to the US dollar, strengthen their payment function and compliance, while weakening their investment attributes and illegal use; it will also significantly increase the regulatory costs of stablecoins, thereby reducing their potential for exorbitant profits in an unregulated environment. The US stablecoin legislation officially took effect on July 18, but it still faces numerous challenges : While it stipulates the scope of reserve assets for stablecoin issuance (bank deposits, short-term Treasury bonds, repurchase agreements backed by Treasury bonds, etc.), since it primarily includes Treasury bonds with fluctuating trading prices, even if reserve assets are sufficient at the time of issuance, a subsequent decline in Treasury bond prices could lead to insufficient reserves; if the reserve asset structures of different issuing institutions are not entirely consistent, and there is no central bank guarantee, it means that the issued dollar stablecoins will not be the same, creating arbitrage opportunities and posing challenges to relevant regulation and market stability; even if there is no over-issuance of stablecoins at the time of issuance, allowing decentralized finance (DeFi) to engage in stablecoin lending could still lead to stablecoin derivation and over-issuance, unless it is entirely a matchmaking between lenders and borrowers rather than proprietary trading; getting stablecoin issuers outside of financial institutions to meet regulatory requirements is not easy, and regulation also presents significant challenges. More importantly, the earliest and most fundamental requirement for stablecoins is the borderless, decentralized, 24/7 pricing and settlement of crypto assets on the blockchain. It is precisely because crypto assets like Bitcoin cannot fulfill the fundamental requirement of currency as a measure of value and a value token—that the total amount of currency must change in line with the total value of tradable wealth requiring monetary pricing and settlement—that their price relative to fiat currency fluctuates wildly (therefore, using crypto assets like Bitcoin as collateral or strategic reserves carries significant risks), making it difficult to become a true circulating currency. This has led to the development of fiat stablecoins pegged to fiat currencies. (Therefore, Bitcoin and similar crypto assets can only be considered crypto assets; calling them "cryptocurrency" or "virtual currency" is inaccurate; translating the English word "Token" as "币" or "币" is also inappropriate; it should be directly transliterated as "通证" and clearly defined as an asset, not currency.) The emergence and development of fiat-backed stablecoins have brought fiat currencies and more real-world assets (RWAs) onto the blockchain, strongly supporting on-chain cryptocurrency trading and development. They serve as a channel connecting the on-chain cryptocurrency world with the off-chain real-world, thereby strengthening the integration and influence of the cryptocurrency world on the real world. This will significantly enhance the scope, speed, scale, and volatility of global wealth financialization and financial transactions, accelerating the transfer and concentration of global wealth in a few countries or groups. In this context, failing to strengthen global joint regulation of stablecoins and cryptocurrency issuance and trading poses extremely high risks and dangers . Therefore, the surge in stablecoin and cryptocurrency development driven by the Trump administration in the United States has already revealed a huge bubble and potential risks, making it unsustainable. The international community must be highly vigilant about this! Stablecoin legislation could severely backfire on stablecoins. One unexpected outcome of stablecoin legislation is that the inclusion of fiat-backed stablecoins in legislative regulation will inevitably lead to legislative regulation of crypto asset transactions denominated and settled using fiat-backed stablecoins, including blockchain-generated assets such as Bitcoin and on-chain real-world assets (RWA). This will have a profound impact on stablecoins. Before crypto assets receive legislative regulation and compliance protection, licensed financial institutions such as banks find it difficult to directly participate in crypto asset trading, clearing, custody, and other related activities, thus ceding opportunities to private organizations outside of financial institutions. Due to the lack of regulation and the absence of regulatory costs, existing stablecoin issuers and crypto asset trading platforms have become highly profitable and attractive entities, exerting an increasing impact on banks and the financial system, forcing governments and monetary authorities in countries like the United States to accelerate legislative regulation of stablecoins. However, once crypto assets receive legislative regulation and compliance protection, banks and other financial institutions will undoubtedly participate fully. Payment institutions such as banks can directly promote the on-chain operation of fiat currency deposits (deposit tokenization), completely replacing stablecoins as a new channel and hub connecting the crypto world and the real world . Similarly, existing stock, bond, money market fund, and ETF exchanges can promote the on-chain trading of these relatively standardized financial products through RWA (Real-Time Asset Exchange). Having adequately regulated financial institutions such as banks act as the main entities connecting the crypto world and the real world on the blockchain is more conducive to implementing current legislative requirements for stablecoins, upholding the principle of "equal regulation for the same business" for all institutions, and reducing the impact and risks of crypto asset development on the existing monetary and financial system. This trend has already emerged in the United States and is rapidly intensifying, proving difficult to stop . Therefore, stablecoin legislation may seriously backfire on or subvert stablecoins ( see Wang Yongli's WeChat public account article "Stablecoin Legislation May Seriously Backfire on Stablecoins" on September 3, 2025 ). In this situation, it is not a reasonable choice for other countries to follow the US lead and vigorously promote stablecoin legislation and development. China should not follow the path of stablecoins taken by the United States. China already has a leading global advantage in mobile payments and the digital yuan. Promoting a stablecoin for the yuan has no advantage domestically, and it will have little room for development and influence internationally. It should not follow the path of the US dollar stablecoin, but should instead focus on promoting the development of stablecoins for the yuan, both domestically and offshore. More importantly, crypto assets and stablecoins like Bitcoin can achieve 24/7 global trading and clearing through borderless blockchains and crypto asset trading platforms. While this significantly improves efficiency, the highly anonymous and high-frequency global flow, lacking coordinated international oversight, makes it difficult to meet regulatory requirements such as KYC, AML, and FTC. This poses a clear risk and has been demonstrated in real-world cases of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. Given that US dollar stablecoins already dominate the crypto asset trading market, and the US has greater control or influence over major global blockchain operating systems, crypto asset trading platforms, and the exchange rate between crypto assets and the US dollar (as evidenced by the US's ability to trace, identify, freeze, and confiscate the crypto asset accounts of some institutions and individuals, and to punish or even arrest some crypto asset trading platforms and their leaders), China's development of a RMB stablecoin following the path of US dollar stablecoins not only fails to challenge the international status of US dollar stablecoins but may even turn the RMB stablecoin into a vassal of US dollar stablecoins. This could impact national tax collection, foreign exchange management, and cross-border capital flows, posing a serious threat to the sovereignty and security of the RMB and the stability of the monetary and financial system. Faced with a more acute and complex international situation, China should prioritize national security and exercise high vigilance and strict control over the trading and speculation of crypto assets, including stablecoins, rather than simply pursuing increased efficiency and reduced costs . It is necessary to accelerate the improvement of relevant regulatory policies and legal frameworks, focus on key links such as information flow and capital flow, strengthen information sharing among relevant departments, further enhance monitoring and tracking capabilities, and severely crack down on illegal and criminal activities involving crypto assets. Of course, while resolutely halting stablecoins and cracking down on virtual currency trading and speculation, we must also accelerate the innovative development and widespread application of the digital yuan at home and abroad, establish the international leading advantage of the digital yuan, forge a Chinese path for the development of digital currency, and actively explore the establishment of a fair, reasonable and secure new international monetary and financial system . Taking into account the above factors, it is not difficult to understand why China has chosen to resolutely curb virtual currencies, including stablecoins, while firmly promoting and accelerating the development of the digital yuan.
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PANews2025/12/06 15:08