Conflux's CFX Price Doubles on Stablecoin Reveal, Upgrade Plans

Description

Conflux (CFX), the native token of what calls itself China’s only regulatory-compliant public blockchain, surged as much as 115% in the past 24 hours, briefly touching 24 cents, a level not seen since December. The explosive move was fueled by two key catalysts: The announcement of a new offshore-yuan-pegged stablecoin and the forthcoming launch of Conflux 3.0, a major protocol upgrade. Both developments were unveiled during a weekend event in Shanghai and picked up by state media , adding legit...