The crypto project Conflux Network (CFX) is cooking again, and this time it does not look like some random pump. CFX is riding on recent burns, staking, and fresh collab news in Asia.

Meanwhile, President Trump and President Xi had a phone call on the 5th of June. It was 90 minutes on, and it looks like a lot of alpha has been dropped. The market reacted bullish to what Trump said afterwards.

CFX: China’s Crypto Blockchain is Back in the Game

Conflux (CFX) is a Layer 1 blockchain known for its hybrid design. Both PoW and PoS and Tree-Graph consensus enable fast and scalable transactions.

It is the leading regulated and approved chain in China, making it the most desirable through Chinese initiatives. It is EVM-compatible and cross-chain, growing through many Asian partnerships.

CFX blends real-world use case with geopolitical narrative, giving it some serious potential.

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It looks like CFX is not just big talk; it is gaining a lot of recognition. In the last few days, it has pumped to $0.083, outperforming most of the crypto market.

This is happening because they got a huge token burn. 76 million $CFX has been burned as a token management strategy.

Furthermore, 500 million tokens have been staked for the long-term haul, which has been approved by DAO #14.

Additional partnerships and conferences have also been held in Hong Kong, which resulted in an amazing week for the Conflux network.

Zooming out of the CFX project, we can see that the whole Asian crypto market is gaining a lot of traction.

From South Korea’s pro-crypto President to China dropping economic stimulus. Usually, this means giga bullish for crypto.

A big chunk of those will be added to the crypto market.

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How One Call Can Change the Financial Landscape

Well, it is not just a regular call between friends. Not that I am saying Trump and Xi are not friends. It is a call between two of the most powerful people in the world.

On June 5th, Trump had a 90-minute phone call with Xi. After that, Trump said something that basically pumped every market in the world.

He called it “a very good phone call”, and that was enough for the crypto market to pump. They have agreed to a trade deal that everybody was desiring last couple of months.

The call has been focused on trade deals, rare earth products, and minerals. If this is true, it means a new era may begin, and that can definitely benefit crypto.

Projects like CFX connecting East and West will benefit the most from it.

Usually, the geopolitical scene doesn’t move crypto altcoins, but this looks like one of those rare scenarios.

And with President Trump’s plans to make the U.S. the world’s crypto capital, we can clearly see how China can follow.

When we stack everything, this can lead to some very serious fuel for the crypto market to explode.

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Key Takeaways


  • CFX crypto project consolidating for another push.
  • Trump & Xi phone call moving markets.
  • What is the future of crypto?

    • The post Trump And Xi Drops Alpha: Why is Crypto CFX Pumping? appeared first on 99Bitcoins.





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