China News by Thebittimes.Com

1. Celestia Genesis Airdrop link On September 26th, the modular blockchain Celestia announced that the genesis block for its first modular data availability network is expected to launch later this year. It also revealed the commencement of the Celestia TIA genesis airdrop. This airdrop will allocate 60 million TIA tokens, which represent 6% of the total supply, to 7,579 developers and 576,653 addresses associated with Ethereum rollups, Cosmos Hub, and Osmosis. The allocation includes 20 million TIA tokens for contributors to research and public products, such as those who have contributed to Ethereum, rollups, Bitcoin, and Cosmos public Github repositories, as well as contributors to Ethereum and Bitcoin improvement proposals and Eth Research. Another 20 million TIA tokens will be distributed to early adopters of the modular ecosystem, with 20% going to the top 10 rollups’ most active users. The remaining 20 million TIA tokens will be shared among Cosmos Hub and Osmosis validators, as...

“When Ethereum futures ETF and spot Bitcoin ETF applications finally gain approval, brace yourself for an unprecedented marketing battle, as predicted by Bloomberg ETF analyst Eric Balchunas. The investment powerhouse, VanEck , has already ignited its promotional machinery for the eagerly awaited Ether futures exchange-traded fund (ETF), with industry insiders speculating an early launch as soon as October 2nd. On September 28th, VanEck unveiled two captivating TV commercials, both centered around the theme ‘Enter the Ether,’ giving us a sneak peek into their Ethereum Strategy ETF, designated as EFUT, which is ‘coming soon.’ These commercials coincided with VanEck ’s press release regarding EFUT, disclosing its upcoming listing on the Chicago Board Options Exchange and its stewardship under Greg Krenzer, the head of active trading at VanEck . Notably, Bloomberg’s Eric Balchunas and James Seyffart read these TV ads as a hint that Ether futures...

Animoca Brands Japan partners with Drecom Corporation to expand Japan’s Web3 gaming globally. The alliance will leverage iconic intellectual properties (IPs) in international markets. Joint efforts include the development of the blockchain game “Eternal Crypt – Wizardry BC.” Animoca Brands Japan, a subsidiary of the blockchain game software company Animoca Brands, has revealed ambitious plans to bolster the global expansion of Japan’s Web3 gaming sector. According to a recent statement, Animoca Brands Japan is joining forces with Drecom Corporation, a tech firm renowned for creating popular game apps like “ONE PIECE Treasure Cruise.”  Animoca Brands took to the X platform, formerly Twitter, to share the development with the crypto gaming community. Our subsidiary Animoca Brands Japan (@Animocabrandskk) is partnering with Drecom Corporations (@drecomofficial), a company distinguished for its development of...

1. MicroStrategy Announces Purchase of 5,445 BTC for $147 Million link On September 25th, MicroStrategy announced an additional purchase of approximately $147.3 million, acquiring 5,445 BTC at an average price of $27,053 per Bitcoin. As of September 24, 2023, MicroStrategy now holds a total of 158,245 BTC, acquired at an approximate cost of $4.68 billion, with an average price of $29,582 per Bitcoin. 2. SEC Aims to Expedite Ethereum Futures ETF link On September 28th, according to Bloomberg’s ETF analyst Eric Balchunas, there are reports that the U.S. Securities and Exchange Commission (SEC) is looking to expedite the approval of Ethereum futures ETFs (because they want to free up from their work after the government shutdown); therefore, they have requested applicants to update their documents by Friday afternoon so that they can start working on them on Monday and possibly begin trading on Tuesday. Balchunas noted, “There are now over a dozen trying to do a straight Ethereum futures ...

ChatGPT’s recent update will allow it to browse the internet for correct information. The crypto industry uses ChatGPT to make crypto price predictions. Firms including the Solana Foundation and Elliptic announced ChatGPT integration into platforms.  On September 27, OpenAI founder Sam Altman confirmed that ChatGPT can now browse the internet to provide the correct information alongside source links, and is no longer limited to data from September 2021. ChatGPT is already a popular tool for crypto price predictions, however, its limited knowledge formed a restriction till now. ?cq we are so back https://t.co/rPpYdQuTpP — Sam Altman (@sama) September 27, 2023 News platform Finbold is especially popular for publishing coin value predictions by ChatGPT. A recent article published yesterday discussed three cryptos to buy and hold, featuring Bitcoin, Ethereum, and Cardano for their fixed supply, proof-of-stake, and robust community, respectively. Additionally...

In August 2023, PayPal made a significant move by introducing its stablecoin, backed by the U.S. dollar. Partnering with Crypto.com, based in Singapore, and Paxos, PayPal aimed to establish itself as a leading platform for USD transactions. As of a press release dated September 28, Crypto.com has successfully secured the position of having the highest liquidity for PY USD trading pairs on a global scale. They have made PY USD available to both retail and institutional users, with exciting “trading Features ” soon to follow. This strategic development builds upon the existing partnership between PayPal and Crypto.com, including the innovative option to fund the Crypto.com Visa Card using PayPal , as highlighted in the press release. The collaboration’s overarching goal is to connect over 80 million users to the latest crypto innovations while simultaneously supporting PayPal’s vast network of consumers and merchants. This endeavor plays a pivotal role in PayP...

London, England, September 28th, 2023, Chainwire Decentralized ledger platform Radix Publishing has celebrated the successful completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space. The Babylon mainnet upgrade has been described as a “substantial update” to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and Features , most notably, the Radix Mobile Wallet. “With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users, as well as those who were hesitant to embrace DeFi and Web3. A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and ...

This year, Bitcoin ordinals and inscriptions have significantly impacted block space utilization, bolstering miner revenue through increased transaction fees. However, miners face challenges on the horizon as the impending halving event approaches. Since their introduction in February 2023, inscriptions have actively participated in the cryptocurrency ecosystem, buying up block space and filling the mempool. They have primarily occupied the remaining space after higher-value monetary transfers. Despite their contribution to transaction fees, analytics provider Glassnode reported that the number of pending transactions in its mempool has notably increased since May. Most of these unconfirmed transactions have a minimal data footprint. Inscriptions are sensitive to absolute fee amounts and can be displaced by more urgent monetary transfers. Glassnode pointed out that the surge in text-based inscriptions aligns with the rise in pending transactions, confirming that these compact inscr...

Bank of International Settlements’ general manager Agustin Carsten has called for CBDC legal structure across countries. In a recent speech published on the bank’s website, Carsten discussed the benefits of CBDC. According to BIS’ 2022 survey, 93% of central banks were actively involved in various CBDC initiatives. Earlier today, Agustin Carstens, the general manager of the Bank for International Settlements (BIS) stated that all nations should establish legal facilities that facilitate the implementation of central bank digital currencies (CBDCs). According to a speech published on the official BIS website, Carstens had quoted: “Wholesale CBDCs have vast potential in the areas of automation and risk mitigation. They could in effect make central bank money programmable, for example by providing that settlement will occur if and only if certain conditions are met.” In the speech, Carstens emphasized the significance of CBDCs, citing that wholesale CBDCs ...

The sale has sparked chatter in local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a "Russian version" of Binance.US. Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia. At the time of the announcement, little is known about CommEx’s founders or background. The exchange was launched on Sept. 26, 2023, or just one day before Binance announced the sale of its business to the newly created exchange for an undisclosed amount. A spokesperson for CommEx didn’t respond to multiple questions from users about the company’s owners or executives in the official Telegram group. The person claimed that CommEx is registered in Seychelles and will serve its customers as a global exchange, focused on two main regions: the Commonwealth ...

Ramp, a fintech company focused on connecting crypto with traditional finance, has partnered with MetaMask, a popular non-custodial wallet, to integrate its on-ramp services on the wallet’s mobile application. ConsenSys, a Ethereum-focused technology company, is the developer of MetaMask. Ramp join forces with MetaMask Ramp is designed to bridge the gap between traditional fiat and crypto spaces, allowing users to transition between the two. Ramp’s partnership with MetaMask aims to give over 100 million MetaMask users across 150 countries full access to Ramp’s utility. During the initial integration, Ramp’s services would be available to users on the MetaMask mobile application and the MetaMask Portfolio. This would allow users to convert their cryptocurrencies into traditional fiat currencies, augmenting the long list of dapps available to MetaMask users. In a press release shared with crypto.news, Ramp said the core reason behind the partnership is web3 evolution and global adop...

Despite a more positive scenario in the last weeks for the Pakistani Rupee (PKR) a gains t the US dollar (USD) in the forex market, PKR has lost half of its purchasing power a gains t Bitcoin (BTC) in 2023. Data retrieved by Finbold from CoinMarketCap ’s price index shows 1 BTC being traded at close to Rs3.77 million on January 1, for a 99% price appreciation from the leading cryptocurrency to the legal tender currency in Pakistan, now changing hands at Rs7.51 million per Bitcoin by press time. BTC/PKR 1-year price chart. Source: CoinMarketCap In this context, Bitcoin can also be considered as a valuable index in the financial market, due to its characteristics of a global and supranational peer-to-peer electronic cash system, which has also been used as a store of value versus weaker assets and currencies. And BTC is doubling down in value a gains t the Pakistani Rupee. Notably, the highest surge happened during the first quarter of 2023, with a first local high being set for Bi...

Cardano (ADA) and Tron (TRX) are established projects that are currently stable. Meanwhile, a new play-to-earn (P2E) meme coin project, Kangamoon, has captured investor attention. Summary: ADA recently recovered above $0.25. TRX is bullish; the RSI reading is above 47.01 Kangamoon’s no-tax model places the project ahead of emerging P2E games. Cardano is building momentum ADA is steadying, recovering, and trading above $0.25, adding 6%. You might also like: Cardano’s Hoskinson foresees ADA surpassing Bitcoin  While Cardano is still down around 2% for the month, over 30% versus its July highs around $0.38 and over 45% since April’s yearly highs above $0.46, its latest rebound has propped its market cap. Contraction in ADA prices is tied to dropping decentralized finance (defi) activity and concerns about how the United States Securities and Exchange Commission (SEC) has classified the token. Tron prices bullish TRX’s value has plummeted since i...

Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times. In an attempt to participate in the meme coin frenzy, many users have shown interest in joining this growing trend. Dogecoin played a pivotal role in initiating the meme coin craze and subsequently inspired the development of various coins that aim to emulate its success. With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go in September. With the whole market trading in red, here is our price prediction for the end of September 2023. Dogecoin Price Prediction for September-End 2023 Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Dogecoin price predictio...

MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k. MicroStrategy now holds 158,245 bitcoins According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin. Saylor shared the news on his official X account on Monday. ...

Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly “death cross?” Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists. An unimpressive weekly close sets the tone for the culmination of a traditionally lackluster month for BTC price action. Having shaken off a hectic week of macroeconomic events, Bitcoin has plenty more to weather before September is over. United States gross domestic product figures for Q2 will come on Sept. 28, with Personal Consumption Expenditures (PCE) data following the day after. The highlight, however, will likely come in the form of a speech from Jerome Powell, chair of the Federal Reserve, a week after it opted to hold U.S. interest rates at current elevated levels. Inflation remains a major talking point into Q4, and Bitcoin still lacks direction as week after week goes by without a clear upward or downward trend emerging. Will this week be different? The cou...