Conflux Surges 28% on China's Nationwide Blockchain Network Announcement
The Chinese government's plan to build a nationwide blockchain network has sparked a significant rally in Conflux (CFX).
The Chinese government's plan to build a nationwide blockchain network has sparked a significant rally in Conflux (CFX). Conflux (CFX) is trading at $0.0647, down 2.8% since this brief published. This is an original Token Times brief based on reporting by Bitcoin Sistemi, with live market data added, as of Mon, 12 Oct 2026 03:00:01 UTC.
This development highlights the growing intersection between government initiatives and cryptocurrency projects, potentially positioning Conflux as a key player in China's blockchain infrastructure. The price surge underscores investor optimism about the project's future role.
- Conflux (CFX) price rose 28% following China's blockchain network announcement.
- CFX's 7-day gain now exceeds 22%, outperforming the broader market.
- China's blockchain initiative could boost altcoins tied to national projects.
- China's Central Committee Proposes National Blockchain Network
- Conflux Surges 28% on China's Nationwide Blockchain Network Announcement — this brief
On October 9, the Central Committee of the Communist Party of China released a policy document outlining plans to build a nationwide blockchain network. This announcement has had an immediate impact on 
Conflux (CFX), a cryptocurrency project with ties to China.
According to 
Bitcoin Sistemi, Conflux's price surged by approximately 28% following the announcement. The altcoin's trading volume also showed notable volatility, indicating heightened investor interest and activity.
This development is significant as it suggests a potential alignment between government initiatives and specific cryptocurrency projects. Conflux's strong performance in the wake of the announcement could position it as a key beneficiary of China's blockchain ambitions.
In the broader market context, the total crypto market cap stands at $2.9 trillion, with the overall market remaining relatively flat. Bitcoin has seen a modest 24-hour gain of 0.76%, while the Fear & Greed index is at 69, indicating a 'Greed' sentiment among investors.
Conflux's live market data shows a price of $0.066597, representing an 8.61% increase over the past 24 hours and a 22.26% gain over the past week. Its market cap is now $350.16 million.
Since this brief published about 13 hours ago, Conflux (CFX) has moved from $0.0666 to $0.0647 — -2.83%.
The chart plots CFX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 CFX ≈ ₹6.74 (about $0.0647), up 6.3% over 24 hours. The rupee itself trades about 7.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Conflux Surges 28% on China's Nationwide Blockchain Netw — questions & answers
What caused Conflux's price to surge?
Conflux's price surged due to the Chinese government's announcement of a nationwide blockchain network.
How much did Conflux's price increase?
Conflux's price increased by approximately 28% following the announcement.
What is the current market cap of Conflux?
Conflux's market cap is $350.16 million.
How much is 1 Conflux worth in rupee today?
About ₹6.74 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0647. The rupee price moves with both CFX's US-dollar price and the USDT/INR rate; use our Conflux in rupee page for any amount.
Has Conflux's price moved since this brief was published?
CFX is down 2.83% since this brief first published — trading at $0.0647 now versus $0.0666 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin Sistemi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.