* Upcoming Conflux 3.0 update: The most notable news is that the network is preparing for the launch of the "Conflux 3.0" update in August 2025 (the deadline for the hard fork is September 1). This update is expected to significantly improve network performance, compatibility with the Ethereum Virtual Machine (EVM), and decentralization. It has been mentioned that this update could increase processing speed to over 15,000 transactions per second (TPS), surpassing other major blockchains.
* Adoption and partnerships: Conflux has strengthened its position in Asia, especially in China, with strategic partnerships. They have collaborated with governmental entities and companies such as the Shanghai government, McDonald's China, and China Telecom. Additionally, they have worked on issuing a stablecoin linked to the offshore yuan (AxCNH), which could facilitate cross-border payments and adoption in the region.
* Impact on price and market: The announcement of the 3.0 update and news about partnerships have caused a significant increase in the price of CFX in recent weeks, with a rise of more than 29% in one day. Market analysts are closely monitoring the project, as these developments could attract more institutional interest.
* Token burn: The Conflux Foundation has announced a plan to burn 76 million CFX tokens and add 500 million CFX for staking with the aim of reducing inflationary pressure and increasing token scarcity.
