China News by Thebittimes.Com

There’s an outlandish Polymarket bet that asks, “Will Jesus Christ return in 2025?” It seems like an easy win — after all, the odds are surely stacked against another resurrection. However, there are some who think it might actually be more profitable to bet on the prophet making a comeback. AI alignment researcher Eric Neyman wanted to know why someone would bet on Jesus Christ’s return via Polymarket. In a blog published last March, he ruled out Christian zealots, buying it for the memes, and betting on a resolution mistake on Polymarket’s end.   Neyman’s friend Jesse Richardson, a Polymarket trader, put forward a “Time Value of Money” theory instead. This hypothesised that “Yes” betters are possibly holding out for the “No” betters to get bored of waiting for their measly end-of-year returns, currently at 2.9%, or 97.1% odds.  In order to make $29,000 in profit, you’d have to bet $971,000 on “No” and wait till the end of the year . The...

The Shibarium layer-2 blockchain, running on the Ethereum network, was launched in August 2023. The sole purpose of the new network was to expand its utility and use cases by solving problems plaguing the decentralized landscape. While several projects run on the Shibarium network, it barely makes its price shoot up in the charts. Only the burns can help Shiba Inu scale up in the charts as Shibarium is seen as a SHIB burning mill. Also Read: XRP and Shiba Inu 2050 Forecast: Long-Term Crypto Price Prediction SHIB: Here’s the Official Shiba Inu Burn Count on Shibarium Source: thecoinrepublic.com The Shibarium network has burned a total of 1,151,381,964 (1.15 billion) SHIB tokens by the end of May 2025. The Shiba Inu burn rate is also up 5.12% since last week indicating an uptick in sending the tokens to the dead wallet. However, on a larger telescope, the burns are meager as 1.15 billion SHIB tokens are worth only $15,500 currently. Also Read: SHIB Price Prediction: $1K in Shiba Inu...

Tesla’s robotaxi service is officially set to launch on June 12 in Austin, Texas, and according to Bloomberg sources, this could position TSLA stock for a potential 25% surge to $300. The autonomous vehicles deployment also marks Tesla’s entry into the rapidly expanding self-driving cars market, which could significantly boost AI stocks across the sector as well. TSLA stock price targets and analyst ratings – Source: TipRanks How Tesla’s Robotaxi Launch Could Drive TSLA and AI Stocks Higher Source: Market Watch Tesla Robotaxi Service Details and Market Impact Source: X Tesla robotaxi operations will begin with around 10-20 Model Y vehicles in geofenced Austin areas, and they’ll be using remote supervision instead of in-vehicle operators. The launch also represents Tesla’s bid to capture a share of the autonomous vehicles market, which will reach $13.6 trillion by 2030. Elon Musk had this to say: “We are actually going to deploy not to the entire...

With the second half of 2025 fast approaching, Finbold probed OpenAI’s ChatGPT to uncover which cryptocurrencies it believes could deliver outsized returns in the year ahead.  The brief was ambitious but clear: identify assets that could realistically turn a $100 investment into $1,000 by 2026. While a 900% return in 8 months is a high bar, and naturally involves considerable risk, ChatGPT narrowed its picks to two altcoins it believes offer the strongest blend of narrative, adoption potential, and real-world catalysts.  The AI’s reasoning leaned on macro trends, upcoming regulatory shifts, and ongoing institutional interest, especially in areas with growing infrastructure and enterprise-grade use cases. XRP is pick number 1 The first pick is XRP, currently trading at $2.31. ChatGPT pointed to XRP’s continued traction with international financial institutions and the potential for a U.S.-based spot ETF approval as major upside drivers.  ...

The US stock market has been struggling to find any kind of consistency thus far in 2025. With increased macroeconomic concerns and geopolitical tensions, uncertainty is abounding. Yet, with a positive reversal incoming, Tesla (TSLA) CEO Elon Musk has said that Europe sales are “turning around” as the stock eyes a jump to $400. Tesla has caught the ire of some consumers throughout the first few months of the year. Indeed, Elon Musk’s affiliation with the Trump administration had the company caught in a brand crisis. That appears to be behind the firm, as he has stated his intention to lessen his participation with the DOGE commission. Since then, the stock has rallied in what could be a notable turnaround for the Magnificent 7 firm. Source: REUTERS / Brendan McDermid Also Read: Kraken to Offer Tokenized Stocks for Apple, Tesla, & Nvidia Tesla CEO Elon Musk Speaks on Europe Sales as Stock Bounces Back The SU stock market’s pattern of volatility continued after Mem...

One of the most severe dips in cryptocurrency history occurred in November 2022, when Bitcoin (BTC) plummeted to as low as ~$15,800 — a 72% decline from the all-time high at that time. The coin had been struggling with rising interest rates leading up to the crash, and FTX, one of the largest crypto exchanges, had just filed for bankruptcy, leading investor sentiment to hit rock bottom. “The Crypto Party is Over,” wrote The Wall Street Journal. Fast forward to May 2025, however, and BTC is trading at almost $110,000 despite global economic uncertainty.  Indeed, U.S. Treasury yields have jumped, the 10-year rising to 4.459% , driven by mounting debt concerns, persistent inflation risks, and limited room for monetary easing. America’s debt has likewise surpassed no less than $36 trillion, and interest payments might very well reach $952 billion by 2025.  Meanwhile, “Digital Gold,” i.e., Bitcoin, is increasingly viewed as both a high-performing asset and a poten...

Shiba Inu (SHIB) fans and investors have long pursued the $0.01 price point. The SHIB community often calls this the “one-cent dream.” While SHIB has had an incredible journey over the last four years, the asset has struggled to gain momentum amid a market-wide lackluster performance. SHIB fans and community members continue to push the asset’s popularity and demand. Also Read: Shiba Inu: $1 Investment in 2020 is Worth This Much Today in 2025 How Can Shiba Inu Fulfil The 1 Cent Dream? Source: Watcher Guru One of the most significant barriers to SHIB’s price is its massive circulating supply. There are about 589 trillion SHIB tokens in circulation. If the asset hits the $0.01 price level with its current supply, the project’s market cap will rise to $5.89 trillion. This figure is highly unrealistic as it is larger than major tech companies such as Apple, Microsoft, Nvidia, etc. Also Read: Bitcoin Overtakes Amazon’s $2.1 Trillion Market Cap Once Again: Apple ...

The global non-fungible token market shows remarkable signs of recovery, though it hasn’t fully returned to its peak levels. Despite a brutal downturn in the past several months, the NFT market has surged positively for the third week. In the past seven days, the global NFT market has raised a trading sales volume of more than $100 million. Below, we have listed some of the top-selling NFT collections this week: 1. CryptoPunks NFT Collection CryptoPunks, a globally acknowledged non-fungible token collection featuring a fixed edition of 10,000 Ethereum pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by Infinite Node Foundation, is this week’s most-selling NFT collection in the global NFT market. In the past 24 hours, the CryptoPunks NFT collection has recorded a trading sales volume of 287 ETH. During this time, the CryptoPunks NFT collection has a market cap of $1.1 billion and a floor price of $118,914. 2. Bored Ape Yacht Club NFT C...

It has been a monumental week so far for the leading cryptocurrency. However, in a rather surprising turn of events, Bitcoin has dropped Friday on news that US President Donald Trump has unveiled brand new Apple iPhone and European Union (EU) tariffs. This has been a monumental week for Bitcoin, as the asset surged to a new all-time high of $111,000 on Thursday. Moreover, there are expectations that this could be the beginning of a new bull rally for the asset. However, the only thing that could derail that potential is new policies that spook investors. Source: CNN Also Read: Cryptocurrency: Top 3 Memecoins To Buy Before Bitcoin Hits $115,000 New Trump Tariffs Knock Bitcoin Back After Record Surge It has been an incredible week for Bitcoin so far. The asset has been at the center of a historic price increase that saw it reach new landmark levels. Moreover, the Texas House of Representatives advanced a bill to establish a strategic BTC reserve to the governor’s desk. The move woul...

Top US banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, are in early talks about launching a joint stablecoin, the Wall Street Journal reported. The banks would use companies they partly own to help launch such a stablecoin, the newspaper reported, citing sources familiar with the matter. The companies include payments network The Clearing House and Early Warning Services LLC, a fintech behind payments system Zelle. WELLS FARGO, CITI, AND JP MORGAN IN TALKS TO LAUNCH U.S. BANK-BACKED STABLECOIN – Some of the biggest U.S. banks, including JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America, are exploring a joint stablecoin project. – According to The Wall Street Journal, these… pic.twitter.com/oDz1pa4MGd — BSCN (@BSCNews) May 23, 2025 The banks want to create a stablecoin backed 1:1 by the US dollar, the report said. The banks have yet to comment on the plan. Senate Passes Stablecoin Bill The news comes just days after the...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...