The video discusses the latest news in the crypto market, focusing on the rise of a cryptocurrency called King during the Chinese New Year’s Gala. King was launched in September 2021 and has seen its value increase by more than two thousand since then. The video mentions that the initial purchase price of King was around $0.009. The host talks about how during the Chinese New Year broadcast, there was excitement and laughter as people put their money into the metaverse pet industry. The video also promotes a free ebook on cryptocurrency with tips for beginners in the description. Overall, the video highlights the increasing popularity and value of King cryptocurrency, particularly during the Chinese New Year celebrations.