Infinex founder: "Lowering the FDV of the Sonar token sale to $99.99 million" is to better adapt to the current environment.

TLDR China instructs major firms to cancel orders for Nvidia’s RTX Pro 6000D chip. Nvidia shares drop 1.5% after China’s ban on key AI hardware. China accelerates development of domestic AI chips, reducing U.S. tech reliance. Crypto and AI sectors may seek alternatives due to limited Nvidia access in China. China has taken a bold [...] The post China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push appeared first on CoinCentral.

The post How To Earn Crypto Cashback With Cold Wallet’s Every Transaction appeared on BitcoinEthereumNews.com. Crypto has long promised opportunity, but for most users, participation feels more like a penalty than a reward. Every swap, bridge, or simple transaction comes with fees that chip away at your balance. For newcomers, this becomes a barrier to entry, and for long-time users, it creates fatigue. Cold Wallet changes that equation by giving something back every time you act on-chain. Instead of paying fees into a void, you get rewarded with $CWT tokens that build your balance over time.  With over $7.11 million already raised in its presale, currently at stage 18 and priced at $0.01058 per token, Cold Wallet is proving that a fairer system isn’t just possible, it’s already here. At launch, $CWT is projected to list at $0.3517, adding even more incentive for early adopters to get involved now.  Cashback Built Into Every Action Cold Wallet introduces a simple but powerful concept: use the blockchain as usual, and you get cashback for it. Whether you’re paying gas fees, swapping between tokens, or bridging funds across networks, the wallet automatically rewards you with $CWT. There’s no staking contract to manage, no forms to fill out, and no hidden lock-ups to trap your funds. The system works in real time, making the experience seamless and effortless.  Cashback rates are tied to your tier, and with higher holdings of $CWT, you can reclaim even more of your transaction costs, up to 100% of gas fees at the top tier. For everyday users, this means turning unavoidable expenses into an income stream. For power users, it transforms frequent activity into a compounding advantage, giving them a reason to engage more often without the usual frustration of draining fees. The Role of $CWT in the Ecosystem At the heart of Cold Wallet’s cashback model is the $CWT token. Far from…

The post Scott Bessent says yuan drop against euro is Europe’s problem, not America’s appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said in Madrid on Thursday that the slump in China’s currency isn’t a problem for the United States, it’s Europe that should be worried. Speaking during a joint interview with Reuters and Bloomberg, Scott made the comments after meetings with Chinese Vice Premier He Lifeng as part of the U.S.-China trade discussions, which also included talks on TikTok. He made it clear that the yuan, also known as the renminbi, has actually strengthened against the U.S. dollar this year, but collapsed to a record low against the euro. “The RMB is actually stronger this year versus the dollar. Now it’s at an all-time low versus the euro, which is a problem for the Europeans,” Scott, rejecting the idea that Beijing was trying to devalue its currency to gain an unfair edge against Washington. He said Chinese officials haven’t tried anything of the sort with the U.S. and explained the reality behind the currency’s movement: “It’s a closed currency. So they manage the level.” Yuan collapse helps Chinese exports flood europe Since January, the yuan has plunged from 7.5 per euro to over 8.4, triggering concerns across Europe. Meanwhile, against the dollar, it’s gained slightly from 7.3 to 7.1. This divergence has created a lopsided trade dynamic, because while the U.S. has seen its imports from China drop 14% due to aggressive tariffs, Europe has recorded a 6.9% increase in trade with China. So, Scott said the U.S. tariffs are doing what they were meant to do, cutting down the trade deficit. But the redirected flow of Chinese goods is now landing in European markets instead, where the yuan’s weakness is making Chinese exports even cheaper in euro terms. The weakening of the yuan is hitting Europe at a sensitive time, as the European Central Bank…