China News by Thebittimes.Com

The cryptocurrency market once again demonstrated its heightened volatility, with a sharp 7.9% decline in the last 24 hours, bringing the global market cap to $3.51 trillion.  This selloff was triggered by the emergence of the startup DeepSeek and its free AI offering, combined with growing unease ahead of this week’s Federal Reserve meeting.  Despite the prevailing bearish sentiment, a select group of altcoins is leveraging strong fundamentals and market momentum to position themselves as potential contenders to surpass the $5 billion market cap threshold in the first quarter of 2025. Picks for you Ripple obtains Money Transmitter Licenses in New York and Texas 2 hours ago Key gold price levels to watch this week ...

A prominent crypto analyst says deep-pocketed investors have been spotted loading up huge amounts of Ethereum (ETH). Trader Ali Martinez tells his 119,200 followers on the social media platform X that crypto whales gobbled up more than $3.80 billion worth of Ethereum in a two-day span. “Whales have bought over 1.14 million Ethereum $ETH in [48 hours!]” Source: Ali Martinez/X At time of writing, Ethereum is trading for $3,340. The trader is also keeping an eye on the interoperable blockchain Polkadot (DOT). According to Martinez, DOT looks primed to ignite a big upside burst as it threatens to break out from a bullish continuation pattern. “Polkadot DOT looks ready to break out of a bull pennant, targeting $17!” Source: Ali Martinez/X At time of writing, DOT is worth $6.34. Looking at the layer-1 protocol Aptos (APT), Martinez warns that the crypto asset appears to be forming a bearish reversal structure on the 12-hour chart. The trade...

Layer-1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin USDC. Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project. Circle chief executive Jeremy Allaire says the new development is part of the stablecoin company’s efforts to scale USDC. “USDC + CCTP + Aptos = high-performance, very powerful programmable money infrastructure. Excited for the upcoming launch!” Stripe reemerged in the crypto sector last month when it rolled out support for USDC settlements. The payments giant previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail. Aptos’ native token, APT, is trading at $11.98 at time of writing. The 27th-ranked crypto asset by market cap is down nearly 1% in the past 24 hours bu...