China News Daily TheBitTimes.com

1. Bitcoin Witnesses Its Fourth Halving This Week link Bitcoin is expected to undergo its fourth halving when the block height reaches 840,000, anticipated to occur around April 20th at 8:10 (UTC+8). Interest in “Bitcoin halving” on Google has surged to its highest historical level, with forecasted data indicating that this interest will be more than double that of the last halving in 2020, reaching 45 points and projected to reach 100 points by the end of this month. Despite recent cooling in Bitcoin’s price trend, some market analysts suggest that based on historical price patterns, Bitcoin may experience a significant rally in the months following the halving. 2. Grayscale Bitcoin Holdings Reduced by 50% link This week, Bitcoin spot ETFs have experienced net outflows for five consecutive days, with total net outflows reaching $223.49 million as of the drafting of this report. Currently, GBTC has seen historical net outflows totaling $16.59 billion, while IBIT has historical net infl...

The meme token market has emerged with several prominent tokens like Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk. These coins experienced remarkable surges, delivering significant profits to investors. Following the success of these popular meme coins, others have entered the market. This article highlights three meme tokens poised to offer attractive investment opportunities. For investors who missed the impressive price surge of over 100% with Sponge V1, V2 offers a lucrative opportunity. Building on the success of its predecessor, the meme coin aims to surpass its achievements. Moreover, its strong presence on social media platforms ensures it receives the necessary exposure. New and Best Meme Coins to Buy Now Today’s examination of the top meme coins to monitor includes Baby DogeChain, Vita Inu, and Chimpzee. We also analyze a new token, Sponge V2, which is currently making waves in the crypto market. We will delve into recent developments, market trends, and other facto...

The native altcoin for an under-the-radar public block chain project surged more than 20% on Friday, outpacing the vast majority of the crypto market. Conflux (CFX) is a hybrid proof-of-work and proof-of-stake chain that bills itself as the “only regulatory compliant, public, and permissionless block chain in China.” The web3 project, which says it is suitable for both decentralized finance (DeFi) and gaming, aims to bridge the gap between Western and Asian markets in alignment with its mission to be a “catalyst for the borderless economy.” CFX is trading at nearly $0.227 at time of writing, up from $0.185 on Thursday. The 88th-ranked crypto asset by market cap is also up nearly 33% from its seven-day low of $0.17. CFX’s gains on Friday materialized as Conflux announced a strategic partnership with the Asia-based venture studio BlockBooster. Explains the project, “With a focus on nurturing web3 infrastructure, social, and ...

1. The White House and Republicans Reach a Tentative Agreement on Debt Ceiling Principle link On May 28th, according to CNN, the White House and House Republicans have reach ed a tentative agreement on raising the debt ceiling in the United States. Both sides will review the agreement text overnight to ensure it aligns with the tentative agreement. According to NBC News, House Speaker McCarthy stated in a press conference that the agreement text is expected to be released on Sunday, and a vote on the debt ceiling agreement will take place on Wednesday. The agreement includes historic spending cuts and important reform measures aimed at helping people escape poverty, enter the workforce, and limit excessive government intervention. There are no new taxes or new government programs involved. Some analysts express concerns about the potential agreement to raise the US government’s $31.4 trillion debt limit and its potential impact on the cryptocurrency market. They believe it could bring ...

Top10 News 1. BUSD’s weekly summary a. U.S. SEC and others crack down on BUSD link U.S. SEC has told Paxos Trust Co. that it plans to sue the company for violating investor protection laws. The notice alleges that Binance USD, a digital asset that Paxos issues and lists, is an unregistered security. Firms that receive Wells notices are allowed to respond in writing and tell the SEC why it shouldn’t proceed with a lawsuit. Wells notices aren’t a final indication that the SEC will take enforcement action. Explanation： According to Adam Cochran, “securities” is a much broader category defined by the 1933 Securities Act that include note, debenture, evidence of indebtedness, certificate of interest, collateral trust certificate, certificate of deposit, etc., which do not necessarily meet the strict Howey test. b. Regulator orders crypto firm Paxos to stop issuing Binance stablecoin link The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance...

The collaboration will allow both individuals and institutions to launch subnets that can operate as self-sufficient blockchain systems. The Amazon Web Services (AWS)-Avalanche “cooperation,” as it was carefully described last week, should almost immediately make it easy for developers to establish nodes on the Avalanche blockchain, including via “one-click node deployment.”  Eventually, too, it might make it simpler for everyday businesses — i.e., non-crypto-related enterprises — and even individuals to establish their own subnets like smaller, private, layer-2 blockchains. But perhaps the outstanding message from the Jan. 11 announcement is that the blockchain revolution isn’t just about cryptocurrencies. It’s also about things as prosaic as storing documents more securely and sensibly so they can be quickly retrieved during emergencies. It encompasses decentralized finance (DeFi) and nonfungible tokens (NFTs), but it’s also about bringing “scalable blockchain solutions to enterp...