Chinese state media broadcaster the China Central Television discussed Ethereum (ETH) and the DeFi space in a news segment on September 25, exposing the asset and DeFi applications to millions of viewers.

• The China Central Television news anchors spoke of the recent DeFi boom and ETH’s performance against other assets in 2020
• The segment emphasized that the cryptocurrency market was the year’s top-performing asset class
• CCTV2 holds an audience of over 1 billion, and state media has spoken about crypto in the past in both positive and negative lights
• China is preparing to launch its central bank digital currency in the comings, after months of testing
• China-based NEO has announced its entry into the DeFi space, launching the Flamingo protocol