The dual regulatory storm between Hong Kong and the mainland has turned the circle upside down: the mainland is criminalizing stablecoins, and Hong Kong has set a life-and-death line for USDT licenses. The whole network is shouting that the 'bull market is over,' but the truth may make you slap your thigh!

Let's get straight to the point and not be misled by clickbait:
Mainland: 13 departments have joined forces to seal all loopholes! Directly defining stablecoins as 'illegal financial activities,' with a full chain ban on issuance, trading, and payment, cutting off channels + criminal accountability coming together! In the first 10 months of this year, 342 cases were solved, and 4.6 billion yuan was intercepted. In simple terms, it's about blocking gray production and paving the way for digital RMB (cross-border payments have exceeded 10 trillion yuan this year). This is serious!

Hong Kong: It's not that USDT is delisted! It's that unlicensed U is not allowed for retail investors, only open to professional investors! The new regulations require a real payment of 25 million HKD + 100% high liquidity reserve, and must be traceable to real identities. Essentially, it paves the way for compliant capital clearance, it's not a ban, it's a blood transfusion!

The most ironic scene has arrived: U falls while coins rise! ETH violently surges, BTC holding structure optimized, funds crazily flowing from U to mainstream coins — this is not capital fleeing, it's clearly money within stablecoins grabbing quality assets!

To say a hard truth: the real negative factor isn't regulation, it's that you're still panicking over U falling, while others are already bottom-fishing mainstream coins! The stricter the regulation, the more it pushes gray funds away, and the closer we get to the point where mainstream funds enter the market. This is the golden period for fund restructuring before the swap!

Policies can never kill Bitcoin; they only eliminate retail investors and gray industries. The market won't collapse to zero due to panic; it will only allow those with adequate understanding to profit! 🤩
Do you think this wave is the end of negative news or a signal to enter the market? 📶