China News by Thebittimes.Com

The global non-fungible token market is showing signs of a mild rally, marked by a slight increase in trading sales volume in some of the blockchain networks. BNB Chain, a renowned blockchain network from the Binance crypto exchange platform, is one of the blockchain networks that has seen increased trading sales volume in the non-fungible token market. In the past seven days, the BNB Chain has surpassed top NFT chains like Mythos Chain, Polygon, and the Solana network. BNB Overtakes Polygon In The NFT Market Chart Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 blockchain networks, shows that BNB Chain has recorded positive growth in the NFT market this week. In the past seven days, the BNB Chain-based NFTs have raised a trading sales volume of $22 million. BNB Chain has surpassed other top NFT blockchain networks such as Polygon, Mythos Ch...

Ethereum (ETH) soared more than 10% in the last 24 hours to reach a new all-time high (ATH) on Coinbase after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts during a speech at the Jackson Hole summit. The leading altcoin’s price crossed above $4,867 on the US crypto exchange for the first  time since November 2021. ETH just hit a new all-time high. That's it. That's the tweet. pic.twitter.com/wmBW7mP5Fp — Coinbase 🛡️ (@coinbase) August 22, 2025 Following the surge, the Ethereum price has pulled back slightly to trade at $4,737.54 as of 1:05 a.m. EST, according to data from CoinMarketCap. Despite reaching a record peak on Coinbase, both CoinMarketCap and CoinGecko show that ETH’s ATH still stands at $4,891.70. Powell Hints At Possible Interest Rate Cut Speaking at the Jackson Hole summit yesterday, Powell said a ”shifting balance of risks may warrant adjusting our policy stance,” sending markets on a...

Over $800,000 worth of “blue chip” NFTs are still being held in contracts of Parallel Finance, despite it pulling support for its NFT lending product after a six-month notice period. With no front end support for NFT lending, non-technical users are unable to withdraw their tokens manually, and the Parallel team is reportedly charging a $500 fee to return the assets. Yuga Labs’ 0xQuit highlighted the predicament on X, as well as posting a step-by-step guide on how to manually withdraw assets using the Etherscan block explorer. The vaults of the now defunct Parallel Finance own 11 BAYC, 39 MAYC, and 2 Doodles. The frontend is deprecated, leaving nontechnical users stuck, and the founder is charging a $500 fee to help. If your assets are stuck, here's a step by step to extract them: 1/ pic.twitter.com/JFJSDqEfPK — Quit (@0xQuit) August 21, 2025 Read more: Pudgy Penguins CEO’s Instagram hacked to shill Pump Fun token Users were warned that suppo...

Crypto exchanges Gemini and Bullish recently filed IPO documents, and they weren’t pretty. Despite the market for crypto IPOs being particularly hot in the wake of the blockbuster offering by Circle, these two filings reveal dismal profitability for even major incumbents of the industry. Bullish priced its IPO at $37 per share and it seemed initially like a roaring success. Shares opened for trading above $95 and rallied to $118 within minutes.  Unfortunately, every day since its debut has been a disappointment. After a week of sobering decline, Bullish now trades below $64 — about half its peak value on the day of its debut. Undeterred, Gemini filed its S-1 IPO form two days after Bullish started trading. Despite a polished slide deck boasting vanity metrics like $285 billion in lifetime trading volume by 1.5 million lifetime transacting users, the company buried its net income far below its colorful opener. Like Bullish, Gemini utilized newly revised G...

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Nvidia’s B30A AI chip China development represents the company’s latest effort to maintain market share despite export restrictions. The new Blackwell architecture-based processor promises superior performance over the current H20 model while navigating complex regulatory requirements. Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there https://t.co/YsOWVtl4rq pic.twitter.com/Lkl9mrNQqc — Reuters (@Reuters) August 19, 2025 Nvidia B30A AI Chip China Launch: H20 Comparison & Blackwell Architecture Nvidia B30A Chip – Source: Nvidia The Nvidia B30A AI chip China project utilizes a single-die design delivering half the computing power of Nvidia‘s flagship B300 accelerator. This Nvidia H20 comparison shows significant improvements in processing capabilities while incorporating high-bandwidth memory and NVLink technology. Revenue Sharing Deal and Expor...

Bullish Inc. (NYSE: BLSH), a global digital asset platform catering to institutional clients, announced Tuesday it has received $1.15 billion in proceeds from its initial public offering (IPO), settled entirely in stablecoins. According to an announcement from the Cathie Wood favored firm, the transaction marks a significant milestone for the use of blockchain-based currencies in U.S. capital markets. The majority of the stablecoins were minted on the Solana (SOL) blockchain, with Jefferies serving as the billing agent for the offering. Jefferies oversaw the minting, conversion and distribution of the digital assets, coordinating with multiple issuers and platforms across North America, Europe and Asia. Bullish received a range of US dollar-and euro-denominated stablecoins, including USD CoinVertible and EUR CoinVertible issued by Societe Generale-FORGE, Global Dollar and PayPal USD issued by Paxos, Ripple USD on the XRP Ledger, USD1 from World Liberty Financial,...

The XRP spot price is currently sitting at $3.01, as CoinGecko reveals, which actually represents a 1.3% bump in the past 24 hours. This shows the immediate market value where traders can buy or sell XRP tokens for instant delivery, and it’s pretty significant. The XRP price today has XRP holding above that critical $3.05 support level, with about 94% of holders currently in profit – which is actually a threshold that often comes before major price movements happen. Source: CoinGecko Also Read: XRP Prediction: XRP Price Jump May Never Last, Experts Alert Track XRP Spot Price And Get Daily Updates With Market Trends Source: Watcher.Guru Today’s Price Update and Market Movement The XRP price tracker has redefined the way traders used to track its stability approach $3.01 following the recent volatility that has rocked the market and impacted several crucial trading patterns. Volume of trading has been remaining strong with 24h volume of $6.6 billion meaning that the mark...

Reports of high-volume institutional buying are trending, especially after XRP fell below the $3 price level on Monday. The leading altcoin fell below $3 level after nearly two weeks in the charts. The dip is making traders take entry positions as it’s now at its weekly low. The dip in price comes after Bitcoin plummeted 3% in the last 24 hours, falling to a low of $115,000. Ethereum also fell to the $4,300 range after climbing above the $4,500 level. ETH is now down nearly 5% and showing weakness in the indices. The latest data from the Mitrade trading platform shows that institutional accumulation in XRP futures has reached more than $3 billion. In addition, XRP-based investment products saw an influx of funds worth $37.7 million in Q1 of 2025. Financial institutions are quietly positioning themselves in Ripple’s native cryptocurrency for bigger returns, initiating new strategies. This has made the altcoin gain positive sentiments despite its price dipping below the $3 mar...

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 ...

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 ...