The post Escalating concerns in China’s ministry over EV price wars appeared on BitcoinEthereumNews.com. China’s Ministry of Industry and Information Technology (MIIT) has issued a warning to automakers involved in aggressive price wars. The ministry vowed to crack down on what it describes as “involution-style” competition threatening the country’s fast-growing electric vehicle (EV) and auto […]

The post Ondo Finance leads RWAs by 3X TVL growth – Will price follow? appeared on BitcoinEthereumNews.com. Ondo Finance’s TVL rises 3x over the past year, with most growth on Ethereum and Solana blockchains. If ONDO holds above the $0.80 level, a possible reversal might happen.  Ondo Finance [ONDO] continued to stay below the $1 […]

The post FTX Begins Second Round of $5B Creditor Payments appeared on BitcoinEthereumNews.com. FTX Begins Second Round of $5B Creditor Payments FTX begins $5B creditor repayments under court-approved reorganization plan. Bitgo and Kraken facilitate the secure distribution of funds to claimants. Dotcom users receive 72%, and convenience claims are repaid at a 120% rate. FTX […]

The post IMF Raises Red Flag Over Pakistan’s Bitcoin Mining Plans, Is $1.5B Loan At Risk? appeared on BitcoinEthereumNews.com. Pakistan’s strategic plans to harness its energy resources for Bitcoin mining and artificial intelligence have hit a roadblock, with the International Monetary Fund (IMF) expressing concerns over the initiative. Amid the country’s energy shortages and fiscal […]

The post Is this the start of a deeper correction for Bitcoin? appeared on BitcoinEthereumNews.com. Key points: Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024. A “deeper pullback” may result before bulls find the momentum to return to price discovery. Profit-taking lies at the […]