China News by Thebittimes.Com

Pepe (PEPE) experienced a price rally on Thursday after Elon Musk shared a picture on X of the frog smoking a cigarette. The memecoin’s price went up by 3% following Musk’s post. Now Musk has publicly stated that he is a fan of Dogecoin (DOGE), the original memecoin. Given his affinity for memecoins, many wonder whether the world’s richest man has invested in the frog-themed crypto. Is Elon Musk A PEPE Investor? Source: Il Saronno Musk has influenced PEPE’s price on numerous occasions. The tech-billionaire changed his X handle to “Kekius Maximus” in late 2024, while changing his display picture to a rendition of the frog as a warrior. His actions led to a substantial price rally for the memecoin. While Musk has engaged with the Pepe meme, he has never publicly spoken about the memecoin. His adoration for Dogecoin (DOGE) is known. But there is no known record of the billionaire speaking about any other memecoin. Long answer short, there is no clear way...

On June 17, BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $639 million in inflows, having added 6,088 Bitcoin (BTC) to its holdings.  Since its inception in January 2024, IBIT’s cumulative inflows have amounted to over $50.67 billion. With roughly 670,295 BTC under management, the fund now commands roughly 54% of the total U.S. Bitcoin ETF market, currently valued at $131 billion, according to CoinMarketCap.  BlackRock BTC balance history. Source: Arkham Intelligence BlackRock continues to dominate  Continuing its week-long buying streak, IBIT outperformed every other U.S.-listed spot Bitcoin ETF.  Its major competitors, like Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB), for instance, all saw major net outflows on the same day. https://twitter.com/arkham/status/1935454255835455516 BlackRock isn’t the only one buying, though. Strategy (formerly Microstrategy), fo...

BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all the least developed countries (LDCs) in Africa and boost their respective economies. “China is ready to welcome quality products from Africa to the Chinese market”, said the Foreign Ministry. The duty-free market access to BRICS member China could make African countries rewrite policies that benefit the two nations. The Xi Jinping administration is leveraging the dissatisfaction with Trump’s policies and is pulling emerging economies into its fold. The new Pew Research Center report shows that 66% of countries have no confidence in Trump’s global policies. Only 24 countries show confidence in Trump and trust him to “do the right thing in world affairs.” Also Read: BRICS Bank Plans To Disburse Loans in National Currencies China knows that a handful of coun...

What is a Testnet? The Blockchain Playground Explained! In the world of blockchain, innovation is constant. But before a new idea, feature, or application goes live on a mainnet, it must first be tested — rigorously and securely. That’s where Testnets come in.  What Exactly is a Testnet? A Testnet (short for test network) is a blockchain environment that replicates the real blockchain (mainnet) but uses valueless tokens and operates independently. It allows developers, users, and projects to experiment with blockchain functionalities without any risk to real funds. Think of it as a sandbox — a safe space where smart contracts can be deployed, bugs can be identified, and upgrades can be trialed before reaching a live environment. Why Testnets Matter Risk-Free Testing : Mistakes on the mainnet can cost millions. Testnets provide a cost-free environment to test contracts and transactions without real-world consequences. Accelerating Innovation : Developers can try new protocols, dApps,...

Eric Trump’s crypto involvement has catalyzed new developments and SRM Entertainment spearheaded a $100 million TRX treasury strategy. The deal accelerated shares soaring over 500% and also highlights various major cryptocurrency market volatility trends right now. This move leveraged crypto investment security risks and regulatory uncertainty crypto markets face, revolutionizing sharp focus through several key Trump family political connections. Also Read: Tesla Stock Risks 52% Profit Hit As Trump Targets EV Tax Credit Navigating Crypto Volatility, Security Risks, and $100M TRX Deal Insights Source: Trump Organization The $100M Deal Structure The TRX $100 million deal architected SRM Entertainment issuing 100,000 shares of Series B convertible preferred stock, and these are engineered for conversion into 200 million common shares at $0.50 each. Numerous significant warrants totaling 220 million are also deployed at the same price, maximizing the total transaction value to around...

The Ripple v. U.S. Securities and Exchange Commission (SEC) case has been going on for over four and a half years now.  Today, however, could prove pivotal, as June 16 marks the deadline for the SEC to submit a status update to the U.S. Court of Appeals for the Second Circuit, disclosing whether a settlement has been reached or if the appeal proceedings are set to continue.  On June 12, the two parties filed a revised joint motion with a Manhattan federal court to release the $125 million civil penalty held in escrow. Both sides cited past legal precedents to support their position and renewed their request for the judge to provide an indicative ruling. If Judge Analisa Torres approves the new motion, both parties are expected to drop their appeals and potentially clear the way for a full resolution.  XRP price analysis XRP gained 1.18% on June 15 as excitement before the deadline grew. At press time, the token is trading at $2.27, up 4.79% as ant...

XRP’s push to reclaim the $2.50 resistance level has stalled in line with broader market sentiment, with artificial intelligence (AI) models suggesting the token is likely to make slight movements in the coming weeks. As of press time, XRP was trading at $2.16, down 0.5% in the past 24 hours. Over the last seven days, it has slipped by 2.3%, continuing a mild downtrend. XRP seven-day price chart. Source: Finbold Currently, overall sentiment around XRP remains bearish. However, there is some sense of optimism from a technical standpoint.  The token’s 50-day simple moving average (SMA) is at $2.30, offering short-term support, while the 200-day SMA, at $1.88, signals potential for longer-term bullish momentum.  Meanwhile, XRP’s 14-day Relative Strength Index (RSI) stands at 44.38, still in neutral territory, pointing to a balanced market with room to move either way. ChatGPT predicts XRP price  Looking ahead, OpenAI’s...