Binance CEO, Changpeng Zhao, highlighted a recent broadcast by China Central Television, which touched on cryptocurrencies and featured the Bitcoin logo (BTC/USD). According to Zhao, such broadcasts have historically signaled bullish market trends, but he neither predicted the future nor offered financial advice. The broadcast also covered non-fungible tokens (NFTs) and Hong Kong’s licensing framework for virtual asset trading platforms, despite China’s cryptocurrency ban in 2021. The segment notably exhibited an image of a Bitcoin ATM in Hong Kong, featuring its blue logo and notable “Buy Bitcoins” option.
Meanwhile, Nanjing, China’s Jiangsu province capital, celebrated the launch of the China Metaverse Technology and Application Innovation Platform. The government-backed initiative was organized by the Nanjing University of Information Science and Technology alongside several other academic institutions and companies, aiming to stimulate nationwide research and development efforts in the metaverse, a virtual universe that incorporates virtual worlds, augmented reality, and virtual reality experiences. Nanjing’s strategic plan focuses on developing a booming industry that could potentially generate more than $19 billion in annual revenue by 2025.
