China's key news of the week (March 29 to April 4)

Other interesting news

1. China’s favorite stable currency, USDT, has a 3% premium, but USDT/USD does not have a premium. This shows that new users are entering the Chinese market. However, there are also views that the Chinese government’s crackdown on cryptocurrency OTC merchants involved in gambling and fraud related.

Reference: https://c2c.huobi.com/en-us/trade/buy-usdt

2. Glassnode data shows that after a long period of selling, miners once again started the Bitcoin hoarding and savings model. CyptoQuant data has shown that from January 13 to January 31, a total of about 109,715 bitcoins flowed out of the f2pool. It is suspected that the big players are selling, but there are also views that it is data error.

Reference: https://twitter.com/WuBlockchain/status/1378905395465351171

3. Conflux, one of the most outstanding public chains in China, logs into Binance. As one of the most outstanding projects and ecosystems in China, it is worthy of attention.

Reference: https://twitter.com/Conflux_Network

4. Huobi, China's largest exchange, launched a node campaign to promote the price of HT. Huobi's HECO is currently the only exchange public chain that can compete with Binance BSC.

Reference: https://www.hecochain.com/

5. China’s largest art auction company Yongle plans a NFT exhibition in 2021 spring auction, because “Chinese young cryptocurrency investors have enough wealth, they have willingness to collect, and are accustomed to trade and collect with cryptocurrencies."

Reference: https://news.artron.net/20210403/n1093611.html

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish