The community exploded at 3 AM! Some shared screenshots of regulatory documents with trembling hands, while others shouted, 'The bull market is coming!' and frantically increased their positions. There are also those staring blankly at 1,900,000 unclaimed overseas assets. The crypto crowd has collectively lost sleep over these past two weeks; what are they really panicking about?
First, a key point for newcomers: this time it's not just a minor 'window guidance'; it's a coordinated effort by 13 core departments applying the brakes, with 7 major industry associations speaking out in unison—a 'combined punch.' The document title may look overwhelming, but as someone who's watched the crypto market for 8 years, I dare say the essence of this operation is not to 'wipe out the market,' but to draw a 'line of life and death' for the industry.
Many people panic when they see 'suspend.' Actually, you just need to understand one question: Who is the regulation targeting? The answer is clear: those institutions that engage in pyramid schemes under the guise of 'virtual assets,' those who turn the fund pools into 'Ponzi schemes,' and those who help people with unregistered cross-border exchanges. A 'brick-moving party' I met last week was approached, not because he held the assets of concern, but because he helped people with unregistered cross-border exchanges; that's the minefield.
Here's a solid judgment: true regulation is never 'one-size-fits-all,' but rather 'sifting for gold.' The rectification in 2017 eliminated a batch of air coins, and the regulations in 2021 made contract leverage transparent. Every time after regulation, the projects that survive are those with actual application scenarios and reliable teams. This time is the same; those small exchanges that survive by 'pump and dump' have recently been deleting user data overnight, while compliant leading platforms are instead increasing their manpower for risk checks—this is the most obvious signal.
Let's talk again about that 1.9 million unclaimed hot topic; this really illustrates the issue. This asset has been hanging for almost a month, and no one dares to touch it. It's not that people don't want it; it's that everyone is afraid of stepping into the 'associated violations' pit. In the past, some dared to exploit the loophole with the mindset of 'the law does not punish the masses.' Now, Uncle Hat's actions are faster than market fluctuations, and naturally, no one wants to take on this 'hot potato.' The logic behind this is that the market is shifting from 'barbaric growth' to 'reverence for rules,' which is actually good for real long-term investors.
Some may ask: should we lie flat now or buy the dip? My answer is: first clear out 'junk assets' and then wait for signals. Get rid of those projects in your portfolio that can't even clarify their white papers, leaving only targets with technical teams and practical scenarios; don't touch any promises of 'high returns with capital protection.' During the regulatory period, all 'guaranteed profits' are traps.
Finally, let me say something heartfelt: the crypto world has never been a place to make money by betting on luck; following the direction of policies is the key to survival. Follow Yang Yang.
