Based on the latest available information, here is a summary of recent news and developments regarding CFX tokens and the Conflux Network:
**Major Upgrades and Price Surge:**
* Conflux's native token, CFX, has seen significant price increases recently, with a notable jump of over 29% in a single day.
* This surge is largely attributed to the upcoming **Conflux 3.0 mainnet upgrade**, scheduled for launch in August 2025. This upgrade is expected to dramatically improve the network's performance.
* Key enhancements of the 3.0 upgrade include a potential increase in transaction throughput to 15,000 transactions per second (TPS), improved decentralization, and enhanced support for on-chain AI agent calls and cross-border payments.
**Strategic Partnerships and Ecosystem Expansion:**
* Conflux is making strides in its strategic positioning, particularly in Asia. The network is collaborating with **AnchorX** and **Eastcompeace** to launch **AxCNH**, an offshore yuan-pegged stablecoin. This project is seen as a major step in promoting the internationalization of the yuan and facilitating cross-border trade.
* The launch of AxCNH is particularly significant as it is designed to be compliant with Hong Kong's new stablecoin regulations, which are scheduled to take effect in August 2025.
* Conflux is also expanding its ecosystem through partnerships in various sectors, including Web3 gaming with **Broken Bound** and AI-based payment solutions with **OrcaMind.AI**.
**Market and Technical Analysis:**
* The recent positive news has led to a major increase in trading volume and a rally in the CFX price. Some analysts believe that if the bullish momentum continues, CFX could reach new price targets.
* The price surge has also led to the liquidation of a large number of short positions, indicating a shift in market sentiment.
* However, some technical analysts warn that the price action may be losing steam and a potential correction could occur if the token fails to maintain its current support levels.
* The Conflux Foundation has also taken steps to optimize the token economy by burning 76 million CFX tokens and implementing a staking plan that reduces the annual yield, aiming to alleviate inflationary pressure.
