The United States is desperately supporting it, while 13 Chinese ministries are encircling it! Why is China cracking down on cryptocurrencies with an iron fist?
Thirteen Chinese departments are working together to ban cryptocurrency trading, while the United States is embracing it and promoting legislation. From the birth of Bitcoin during the 2008 financial crisis to its explosion in 2018 fueled by global anti-money laundering efforts, and now to the 2024 U.S. government binding cryptocurrencies to national debt—behind this digital asset game is the ultimate contest of financial sovereignty and regulatory wisdom. When fraud groups use Bitcoin to transfer hundreds of billions of black money, China chooses to build a firewall, while the U.S. is using encryption technology to reconstruct the dollar's hegemony.
The anonymity and cross-border nature of cryptocurrencies make them a breeding ground for money laundering, fraud, and illegal fundraising. Data from 2025 shows that multiple fraud cases using stablecoins (like USDT) have been investigated domestically, with the amount involved reaching 5.6 billion yuan. At the same time, cryptocurrency trading can bypass foreign exchange controls, exacerbating capital outflow pressure and affecting the stability of the RMB exchange rate.
As of November 2025, mainland China still fully prohibits cryptocurrency trading and mining, but the Guangdong-Hong Kong-Macao Greater Bay Area has piloted limited opening of cross-border investment channels, while the central bank continues to strengthen the crackdown on illegal domestic trading and promote the digital RMB strategy.
Column of funerals"😕 Today we are burying $XNY . No pomp, no speeches… the chart has said it all: down almost 40%, and it looks like it doesn't even plan to get up from the floor.
Once it soared to 0.2, but now it's just a monument to those who believed in "just a little more and it will fly."
The market is harsh. Not all coins are destined to live long.
"The spring breeze brings warmth, turning into auspicious words around you. May you always cherish the joys of youth, and may life be filled with sweetness everywhere."
I am hosting a voice live broadcast on Binance Square titled 'The Most Beautiful Short Sell Today', listen here: https://app.binance.com/uni-qr/cspa/33304907889225?r=GSG1I4ER&l=zh-CN&uc=app_square_share_link&us=copylink
BTC is currently oscillating in the $92k range, with clear compression of high and low points. This kind of 'not up, not down' trend actually reveals three signals: 1️⃣ Both bulls and bears are waiting for direction → Market sentiment is cautious Macroeconomic news is unclear, and capital inflow is limited, so the rebound strength is insufficient.
2️⃣ Two key ranges must be monitored tonight: Support: $80,400 (breaking this will open up downside space) Resistance: $93,900–$97,100 (only a breakthrough counts as a real reversal)
3️⃣ Leverage and liquidity remain weak → Prone to false breakouts What we fear most at this stage is not the drop, but the reversal after false rallies and false drops. 🎯 My evening inclination: oscillation > rebound > breakdown (probability from high to low)
Rebounds need capital support; A sharp breakdown requires macro risks to re-emerge. Most of the time will be stuck in the range, consuming sentiment.
📌 Operational Ideas (Personal Opinion) Short-term: wait for direction, do not chase orders. Medium-term: pullbacks are opportunities, but don’t get caught up. Tonight's key point: Can it stand back above $97k? Otherwise, the trend remains weak.
💫💖🌹 POEM "From the ashes of the Serpent to the flames of the Horse: the eternal soul of crypto"
December 2025, the last round of the year, the trading notebook closes in silence. We count the scars, the gains, the pains, the sleepless nights where Bitcoin danced violently.
We witnessed the crypto winter, cold as a bear market, wallets bleeding, dreams turned to dust. Then came the timid spring, a halving awakening and the summer exploding in a bull run of light.
We cried over "Luna", laughed with the memecoins, held our $BTC like an impossible love. We saw kings fall, shitcoins becoming kings, our hearts beating to the rhythm of visible candles.
2025, the Year of the Wood Snake fading away, Wise and cunning, it taught us patience. It whistled through the blocks, slipped between the lines whispering: "HODL, little one, everything is just appearance."
But here comes the Lunar New Year, 2026 knocks at the door, red and gold. The Year of the Fire Horse, proud and wild, it arrives galloping, mane of flames, meteor gaze.
The Fire Horse will gallop on the blockchain. Its hooves will shake the network nodes. It will burn the old tales, the fears, the old era to give birth to cycles that are faster and more beautiful. May its fire warm your forgotten cold wallets, May its sparks ignite unseen pumps. May 2026 be the year you will no longer regret, Where your stack becomes legend, where your dreams are no longer lost.
So, under the last snows of December, you will lift your eyes to the starry sky. 2025 will leave, 2026 will arrive in ashes and light... We will remain here... Forever NGMI or to the moon, it doesn't matter… 💖🚀🫶
BTC is currently oscillating in the $92k range, with clear compression of high and low points. This kind of 'not up, not down' trend actually reveals three signals: 1️⃣ Both bulls and bears are waiting for direction → Market sentiment is cautious Macroeconomic news is unclear, and capital inflow is limited, so the rebound strength is insufficient.
2️⃣ Two key ranges must be monitored tonight: Support: $80,400 (breaking this will open up downside space) Resistance: $93,900–$97,100 (only a breakthrough counts as a real reversal)
3️⃣ Leverage and liquidity remain weak → Prone to false breakouts What we fear most at this stage is not the drop, but the reversal after false rallies and false drops. 🎯 My evening inclination: oscillation > rebound > breakdown (probability from high to low)
Rebounds need capital support; A sharp breakdown requires macro risks to re-emerge. Most of the time will be stuck in the range, consuming sentiment.
📌 Operational Ideas (Personal Opinion) Short-term: wait for direction, do not chase orders. Medium-term: pullbacks are opportunities, but don’t get caught up. Tonight's key point: Can it stand back above $97k? Otherwise, the trend remains weak.
#AsterDEX $ASTER 's dog house, I command you to raise the price immediately, I must get my investment back before the 10th, I need to repay the Huabei on the 10th $BNB @Aster DEX
In tribute to legends, eternal faith——Satoshi Coin, ensuring the legend never fades He arrived quietly, carrying the starlight of cryptography, igniting the sparks of decentralization in chaos. He departed silently, leaving the white paper like a Bible, allowing freedom and trust to be reborn in code. Who is he?——Satoshi Nakamoto. One name, one revolution, an indelible faith. We have never seen his face, yet we live in the era he created. We need not know his whereabouts, but we follow the direction he points. The torrent of Bitcoin has changed the world, yet his figure gradually fades into legend. But we, the followers of Satoshi, refuse to forget. For this, we name our faith and forge a monumental era: Satoshi Coin——not just a token, but an eternal vow. It carries the ideals from the beginning of creation: ▪ The spirit of decentralization——every transaction is a tribute to freedom; ▪ The faith in cryptography——every line of code is a steadfast commitment to trust; ▪ The light of open-source collaboration——every spread is a call for an open world. This coin is a monument, and also a torch: 🔸 Let the name "Satoshi" never sink into the sea of time 🔸 Let every holder become a guardian of the legend 🔸 Let the spark of decentralization be eternally passed between generations We do not issue declarations, but establish monuments with code; We do not create idols, yet let faith live forever with the data on the chain. Every circulation of Satoshi Coin is a recitation of the creation ideal; Every wallet address held is a vow to remain true to our original intention. Stars may grow old, and code will eventually iterate, but the name of Satoshi——must be eternal. Join us, commemorating through holding, paying tribute through spreading. Let this flowing faith from the pen engrave an immortal inscription on the eternal wall of blockchain: "We have never forgotten, we always remember. Satoshi, coexisting with time."#加密市场观察
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