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Retreats

China Rolls Out Its First Talent Visa as the US Retreats on H-1Bs
Gaming Gear

China Rolls Out Its First Talent Visa as the US Retreats on H-1Bs

by admin October 2, 2025


The bottom line is that, unlike the US, China is not a country of immigrants. In 2020, only about .1 percent of the mainland population was made up of foreigners, according to one estimate by researchers from the Kiel Institute for the World Economy. That’s roughly 1.4 million people in a country of more than 1.4 billion. In the United States, by contrast, 15 percent of the population is made up of immigrants. Even other East Asian nations, like Japan and South Korea, are home to far more foreigners than China in terms of their relative population size.

Because the US already has a large immigrant population from all over the world, it can be easier for new arrivals to adjust. Local companies operate in English, the language of global business. Colleagues and friends communicate through platforms like Gmail and Instagram, which are available in most parts of the world. And when it comes to creature comforts, H-1B recipients from India or China who land in San Francisco or New York will have no trouble finding restaurants (even good ones!) that serve food that tastes like home.

In China, however, newcomers must navigate a corporate landscape that operates largely in Chinese, a language few foreigners study in grade school or while pursuing a STEM degree. The country’s tech ecosystem is also totally unique. New arrivals face not only an unfamiliar language and culture, but also a suite of unfamiliar programs and apps, most notably WeChat.

Better Reputation

There are signs that more people might be willing to overcome these barriers to experience the benefits of living in China, a place now increasingly associated with high-speed trains, electric cars, and futuristic cities. In places like Greece, Spain, and Germany, the majority of people now view China as the world’s top economic power, according to the Pew Research Center. Africa, the continent with the world’s youngest and fastest-growing population, already sends more students to study in China each year than to the US or UK.

I’ve personally noticed that my American friends and family seem to have much more positive impressions of China than they did a few years ago. That might be in part due to the popularity of Chinese exports like TikTok, Temu, and Labubu. Several friends have even told me they specifically want to visit Chongqing, a Chinese megacity that didn’t attract many foreign tourists until videos of its skyline and hot pot restaurants went viral on Instagram and TikTok.

Whether this growing curiosity translates into people actually moving to China will depend in part on how the government handles programs like the new K visa. The policy lowers barriers for people who want to study or work there, but it has also stirred anxieties at home. For now, it’s unclear whether it will become a genuine gateway for new waves of international talent, or falter in the face of the same rising nationalist sentiments reshaping politics around the world.

This is an edition of Zeyi Yang and Louise Matsakis’ Made in China newsletter. Read previous newsletters here.



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October 2, 2025 0 comments
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HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure
NFT Gaming

HBAR Retreats After Strong Run Amid Late Wave of Sell Pressure

by admin September 16, 2025



HBAR saw sharp selling pressure in the final hour of trading on Sept. 16, erasing earlier gains. The token slipped from $0.237 to $0.235 between 13:15 and 14:14 UTC, a 1.05% decline, after hitting an intraday high of $0.2385. The move marked a reversal from the preceding 23-hour stretch, when HBAR had climbed steadily from $0.23 to $0.24.

The late-session selloff was accompanied by a spike in trading activity, particularly between 13:45 and 13:51 UTC, when volumes surged past 5.6 million — nearly double the baseline for the session. The pattern suggests institutional distribution, as the cryptocurrency broke through successive support levels at $0.237, $0.236, and ultimately $0.235. Failure to recover above these levels left momentum deteriorating into the close.

Despite the abrupt reversal, HBAR’s broader 23-hour performance reflected underlying resilience. The token advanced roughly 1% during that period, trading within a wide range of $0.231 to $0.239 and showing strong buying activity earlier on Sept. 16. However, the inability to sustain higher levels in the face of concentrated sell pressure underscores the fragility of recent bullish sentiment.

Technical Indicators Display Mixed Market Signals
  • HBAR navigated within a $0.01 range spanning $0.23 floor and $0.24 ceiling, delivering a 3% total fluctuation.
  • Key resistance materialized at the $0.24 threshold where price reversed on elevated volume of 72.03 million during the 13:00 hour.
  • Support established around $0.23-$0.23 zone with multiple successful defense attempts.
  • Volume intensified substantially throughout the decline, particularly during 13:45-13:51 when selling momentum accelerated with volumes surpassing 5.6 million.
  • The technical configuration indicates HBAR sustains bullish momentum with considerable institutional interest demonstrated by above-average volume during key reversal points.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.



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September 16, 2025 0 comments
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Blue-Chip NFTs Tumble as ETH Retreats From All-Time Highs
NFT Gaming

Blue-Chip NFTs Tumble as ETH Retreats From All-Time Highs

by admin August 26, 2025



Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs. 

Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits in the last seven days. Blue-chip NFT collections like Pudgy Penguins, Bored Ape Yacht Club (BAYC) and Doodles were among the hardest hit.

Pudgy Penguins, the top NFT collection by 24-hour and 7-day volume, saw a 17.3% drop to a 10.32 Ether (ETH) floor price. BAYC shed 14.7% to 9.59 ETH, while Doodles recorded one of the sharpest corrections, dropping 18.9% to 0.73 ETH. Other major collections like Moonbirds and Lil Pudgys dropped 10.5% and 14.6%, respectively.

The NFT floor price drop followed a sharp ETH retracement after hitting new all-time highs. On Monday, CoinGecko data showed that ETH reached a new all-time high of $4,946. ETH dropped 12% on Tuesday to $4,342 before recovering slightly. At the time of writing, the crypto asset traded at $4,433.

Top NFT collections by trading volume. Source: DefiLlama

CryptoPunks remain resilient despite the market crash

While many collections suffered heavy losses, not all NFT projects were in retreat. CryptoPunks, which remained the top NFT collection by market cap, showed relative resilience, dropping only 1.35% over the week. 

Despite the top collections showing floor price declines, trading volumes remained high. Throughout the week, Pudgy Penguins led the market with about 2,112 ETH (about $9.36 million) in trading volume. The collection was followed by Moonbirds, with 1,979 ETH ($8.77 million). 

CryptoPunks followed closely with 1,879 ETH (about $8.33 million) in volume, while BAYC had 809 ETH ($3.59 million). 

Related: 3D-printed housing company adopts Bitcoin, NFTs in blockchain pivot

NFT market capitalization drops to $7.7 billion

While blue-chip NFTs suffered double-digit declines, the broader NFT space also dropped almost 5% to $7.7 billion, according to data aggregator NFT Price Floor. 

On Aug. 13, NFT Price Floor showed that the overall NFT market capitalization peaked at $9.3 billion, up 40% from July’s $6.6 billion. The surge was fueled by an increase in NFT activity following an ETH surge. 

On Aug. 18, the NFT market cap dropped further to $8.1 billion, wiping out $1.2 billion from digital collectible valuations. 

Magazine: Ethereum’s roadmap to 10,000 TPS using ZK tech: Dummies’ guide



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August 26, 2025 0 comments
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Dow retreats 200 points amid Walmart earnings miss
GameFi Guides

Dow retreats 200 points amid Walmart earnings miss

by admin August 21, 2025



The Dow Jones Industrial Average wavered on Thursday as investors reacted to retail giant Walmart’s quarterly miss, with stocks opening lower as Wall Street turned its attention to the Federal Reserve’s key symposium at Jackson Hole.

Summary

  • Dow fell 200 points and S&P 500 and Nasdaq shed gains amid stocks retreat.
  • Walmart shares dipped after the company’s earnings report.
  • Investors are eyeing the Federal Reserve’s Jackson Hole symposium.

The Dow Jones Industrial Average fell 200 points at open, leading the pullback after bouncing to a record high on Wednesday. As the blue-chip index flipped lower, the benchmark S&P 500 shed 0.3% and the tech-heavy Nasdaq Composite trimmed 0.3%.

Stocks dip amid Walmart earnings miss

While the bloodbath for mega-cap tech stocks cooled, a dip in Walmart (WMT) shares after the retail giant missed quarterly profit forecasts pulled the Dow lower. Walmart, however, raised its full-year sales and profit outlook.

Meanwhile, shorts have taken a rare edge in the stock market since the rally began in May, with sentiment down after sellers scored big on the sharp sell-off in tech stocks.

Analysts have pointed to Palantir Technologies’ streak of six losing sessions as a slide that has erased tens of billions in market value. Although the company’s stock ticked higher on Aug. 21, it remains more than 17% down from its Aug. 12 peak.

Bearish momentum across risk assets has also weighed on cryptocurrencies, with Bitcoin down over 4% in the past week to hover near $113k. Despite the dip, Coinbase founder and CEO Brian Armstrong has predicted BTC could reach $1 million by 2030.

Jackson Hole in focus 

As stocks struggle and investors retreat from risk-on assets, all eyes are firmly on this week’s key event, the Federal Reserve’s Jackson Hole symposium. The gathering of policymakers and economists has the market focused not only on what Fed Chair Jerome Powell will say on Friday morning, but also on what his remarks signal about the future of interest rates.

That focus has sharpened after the Fed’s July minutes revealed the central bank is more concerned with sticky inflation than with weakness in the labor market.



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August 21, 2025 0 comments
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Decrypt logo
Crypto Trends

Bitcoin ETFs Shed $645M This Week as Wall Street Retreats Ahead of Powell Speech

by admin August 20, 2025



In brief

  • Bitcoin ETFs recorded $645 million in outflows across two days, with Fidelity’s FBTC leading redemptions Tuesday at $246.9 million.
  • Analysts attributed the outflows to investors de-risking ahead of Fed Chair Powell’s Jackson Hole speech.
  • The selloff reverses a $4.7 billion inflow streak from mid-July to early August, though analysts characterize the movement as tactical positioning rather than institutional capitulation.

Bitcoin exchange-traded funds bled $645 million over two trading sessions as institutional investors pulled capital from crypto markets, a major reversal since the digital asset’s summer rally began stalling.

Bitcoin ETFs saw $121.7 million in outflows on Monday and $523.3 million on Tuesday according to Farside Investors data, while Ethereum funds mirrored the weakness with $196.6 million and $422.2 million withdrawn on the same days.

Fidelity’s FBTC led the exodus with $246.9 million in redemptions, while Grayscale’s GBTC shed $115.5 million and Bitwise’s BITB lost $86.8 million across the two-day period.

Investors derisking ahead of Powell speech

Illia Otychenko, lead analyst at CEX.IO, told Decrypt that spot Bitcoin ETFs are seeing outflows as investors “scale back risk ahead of the Jackson Hole meeting and Jerome Powell’s speech on Friday.”

The latest withdrawals break momentum from mid-July through early August, when Bitcoin ETFs saw $4.7 billion in inflows at roughly $135 million a day.



Otychenko attributed the selling to weak job growth combined with mixed inflation data that “left the Fed in a difficult spot, leaving the markets more uncertain about the path of future rate cuts.”

Net Taker Volume, which tracks whether buyers or sellers dominate exchange activity, plummeted to its “lowest point since December 2021,” indicating widespread selling pressure, he said.

The analyst noted that Bitcoin’s rallies since March have followed a weakening pattern, with “each breakout weaker, with smaller price moves and lighter trading volume.”

Dean Chen, analyst at Bitunix, shared similar sentiment, telling Decrypt the outflows stem from two main drivers: macro de-risking as “U.S. PPI came in hotter than expected” and issuer-level profit taking ahead of Powell’s Jackson Hole speech.

He noted that BlackRock’s IBIT recorded zero flow, which “tells us this is more tactical de-risking than broad institutional exit.”

Konstantin Anissimov, global CEO of Currency.com, also remarked to Decrypt the outflows represent “a broad de-risking move rather than a problem with any single ETF.”

He pointed out that redemptions shifted from BlackRock and ARK on Monday to Fidelity, Grayscale, and Bitwise the following day, showing “investors across the board are taking some chips off the table.”

Despite the substantial ETF outflows, Bitcoin’s price is down just 1.5% on the day according to CoinGecko data, which Anissimov attributed to buyers using “$32 billion in stablecoin cash sitting on exchanges” to absorb the selling.

He characterized institutional sentiment as “cautious right now, but not panicked,” calling the movement “short-term profit-taking” rather than a fundamental shift.

Markets now enter a critical waiting period as Powell’s address approaches, with institutional flows likely to remain volatile until monetary policy clarity emerges.

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August 20, 2025 0 comments
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