Conflux | Crypto

Conflux (CFX) has rebounded 7% following a sharp 27% sell-off, as traders attempt to hold the $0.20 floor while on-chain data show new adoption highs for China’s government approved Layer-1. Analysts caution that fading volume near $0.2338 and soft RSI readings suggest the bounce may lack strength. The post Conflux (CFX) Surges 7% Amid Breakout Rally and Major Upgrades appeared first on Cryptonews.

Conflux ($CFX) has dropped 15% after a vertiginous 91% weekly climb fuelled by its coming Tree-Graph 3.0 upgrade and the axCNH yuan-pegged stablecoin partner push. Market focus now rests on whether bulls can hold $0.185 support, with RSI near oversold and MACD turning bearish. The post Conflux ($CFX) Dumps 15% Overnight as RSI Nears Oversold – Bounce or Breakdown Ahead? appeared first on Cryptonews.

Conflux ($CFX) has rallied 49.35% in 24 hours to $0.2253, lifting its market cap to $1.15 billion and volume to $1.73 billion. The breakout follows rising DeFi activity, a coming 15,000 TPS upgrade adding on-chain AI agents, and plans for an offshore yuan stablecoin backed by Chinese partners. The post Conflux ($CFX) Surges 49.35% in 24 Hours, Can the Momentum Push Price to $0.30? appeared first on Cryptonews.

Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments. Chinese blockchain Conflux announced a third version of its public network and introduced a new stablecoin backed by offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services Authority, in late February. It is unclear whether Conflux’s stablecoin is AxCNH or a separate project, and the involved companies had not responded to Cointelegraph’s inquiries by publication. Read more