China News by Thebittimes.Com

After an extended bout with volatility, XRP’s network activity has hit an all-time high, a milestone likely to impact the asset’s price as it seeks to reclaim the $2 resistance level. The network has reached a record-breaking 6.26 million addresses holding 1 XRP or more, according to April 9 data from cryptocurrency on-chain analytics platform Glassnode. This data suggests that retail investors are increasingly betting on XRP, likely drawn by the asset’s affordability and optimism around future gains. XRP addresses with a balance of at least $1. Source: Glassnode XRP activity recovering from Q1 lows  Notably, this uptick in participation comes after the XRP saw subdued activity in the first quarter of 2025 when the cryptocurrency received a major boost on the regulatory front as the Securities and Exchange Commission (SEC) moved to end the Ripple case. According to the Finbold Q1 2025 Cryptocurrency Market Report, the total number of XRP addresses surg...

The “Jordan Belfort of crypto,” Wall Street Pepe ($WEPE), has surged past $30 million in its presale in less than two weeks, cementing its position as the hottest meme coin project of 2024. And how did it achieve this feat? Well, it’s not cocaine and hookers, but a Wall Street-style takeover plan, where the crypto world’s favorite Matt Furie creation is set to paint the crypto town green. Wall Street Pepe is crypto’s sharpest meme coin, and it’s concocting a plan to rally an army of retail investors to outsmart the whales at their own game. The WEPE army has grown exponentially in just thirteen short days, as evidenced by a daily funding run rate now sitting at $2.28 million. When they discovered Wall Street Pepe, investors made the decision to choose “rich” every single time. And choosing wealth is about strategically positioning yourself for maximum gains. At its presale price of $0.0003648, $WEPE is as go...

Source: AdobeStock / martinhosmat083 Singapore’s retail investors may have to take a risk awareness test to be allowed to trade crypto, in order to ensure that they have sufficient knowledge of the risks involved.  Citing two consultation papers published on Wednesday, the CNA reported that the Monetary Authority of Singapore (MAS) proposed the requirement for aspiring crypto traders to go through a risk awareness assessment as a part of the rules to protect retail customers.  The MAS stated that a number of industry players support some form of assessment and are interested in working together with the regulator to develop a common template so to “facilitate consistency and robustness across the industry.” Three main areas of crypto regulation The MAS was quoted as saying in a press release today that, Trading in cryptocurrencies is “highly risky and not suitable for the general public.” That said, the regulator conced...