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Maubpk
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Here are the top 10 #cryptocurrencies , focusing on their market capitalization and notable features: *Top Cryptocurrencies by Market Capitalization* - *1. Bitcoin ($BTC )*: The pioneer cryptocurrency, decentralized and secure, with a market capitalization of $1.3 trillion. It's often referred to as "digital gold" due to its store of value and long-term return on investment. - *2. #Ethereum (ETH)*: A blockchain platform for decentralized applications and smart contracts, with a market capitalization of $369 billion. Its open-source ecosystem has seen significant innovation in DeFi, NFTs, and crypto gaming. - *3. Tether (USDT)*: A stablecoin pegged to the US dollar, providing liquidity and price stability with a market capitalization of $111 billion. - *4. Binance Coin ($BNB )*: The native token of the Binance exchange, used for trading fees, token sales, and other services, with a market capitalization of $87.4 billion. - *5. Solana (SOL)*: A high-performance blockchain platform for fast transactions and low fees, with a market capitalization of $69.4 billion. - *6. USD Coin (#USDC )*: Another popular stablecoin pegged to the US dollar, offering stability and used in DeFi protocols, with a market capitalization of $33.2 billion. - *7. XRP (XRP)*: A cryptocurrency for cross-border payments and remittances, with a market capitalization of $29.6 billion. - *8. Dogecoin ($DOGE )*: A meme coin with a strong community, initially created as a joke, with a market capitalization of $22.6 billion. - *9. Toncoin (#TON )*: A Layer 1 #blockchain focused on DeFi, NFTs, and crypto payments, with a market capitalization of $20.6 billion. - *10. Cardano (ADA)*: A third-generation blockchain platform emphasizing scalability, security, and sustainability, with a market capitalization that positions it among the top cryptocurrencies ¹.
Here are the top 10 #cryptocurrencies , focusing on their market capitalization and notable features:

*Top Cryptocurrencies by Market Capitalization*
- *1. Bitcoin ($BTC )*: The pioneer cryptocurrency, decentralized and secure, with a market capitalization of $1.3 trillion. It's often referred to as "digital gold" due to its store of value and long-term return on investment.
- *2. #Ethereum (ETH)*: A blockchain platform for decentralized applications and smart contracts, with a market capitalization of $369 billion. Its open-source ecosystem has seen significant innovation in DeFi, NFTs, and crypto gaming.
- *3. Tether (USDT)*: A stablecoin pegged to the US dollar, providing liquidity and price stability with a market capitalization of $111 billion.
- *4. Binance Coin ($BNB )*: The native token of the Binance exchange, used for trading fees, token sales, and other services, with a market capitalization of $87.4 billion.
- *5. Solana (SOL)*: A high-performance blockchain platform for fast transactions and low fees, with a market capitalization of $69.4 billion.
- *6. USD Coin (#USDC )*: Another popular stablecoin pegged to the US dollar, offering stability and used in DeFi protocols, with a market capitalization of $33.2 billion.
- *7. XRP (XRP)*: A cryptocurrency for cross-border payments and remittances, with a market capitalization of $29.6 billion.
- *8. Dogecoin ($DOGE )*: A meme coin with a strong community, initially created as a joke, with a market capitalization of $22.6 billion.
- *9. Toncoin (#TON )*: A Layer 1 #blockchain focused on DeFi, NFTs, and crypto payments, with a market capitalization of $20.6 billion.
- *10. Cardano (ADA)*: A third-generation blockchain platform emphasizing scalability, security, and sustainability, with a market capitalization that positions it among the top cryptocurrencies ¹.
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Bullish
Ripple, the company behind XRP, has officially announced that it has no plans to go public in 2025 🚫📈. In an interview with CNBC, Ripple’s President, Monica Long, shared that an Initial Public Offering (IPO) isn’t on their roadmap at the moment 🛣️. Long pointed out Ripple’s strong financial position 💰, mentioning that the company holds billions in cash reserves. “We’re in a place where we don’t need to raise more funds or seek extra publicity,” she said, putting an end to years of speculation around a possible IPO 🔥. She also highlighted that Ripple boosted its finances earlier this year by buying back shares, valuing the company at $11.3 billion, compared to a $15 billion valuation back in 2022 📉. Ripple’s CEO, Brad Garlinghouse, backed Long’s remarks, emphasizing that Ripple isn't looking for outside investments and has no rush to go public 🛑. Although Garlinghouse had previously hinted that an IPO could happen after Ripple settled its legal fight with the SEC ⚖️ in 2022, he now made it clear: going public is not a priority for Ripple, even after the case wrapped up in late 2023 ✅. #xrp #Ripple #cryptocurrencies #altcoins #crypto $XRP {spot}(XRPUSDT)
Ripple, the company behind XRP, has officially announced that it has no plans to go public in 2025 🚫📈. In an interview with CNBC, Ripple’s President, Monica Long, shared that an Initial Public Offering (IPO) isn’t on their roadmap at the moment 🛣️.

Long pointed out Ripple’s strong financial position 💰, mentioning that the company holds billions in cash reserves. “We’re in a place where we don’t need to raise more funds or seek extra publicity,” she said, putting an end to years of speculation around a possible IPO 🔥.

She also highlighted that Ripple boosted its finances earlier this year by buying back shares, valuing the company at $11.3 billion, compared to a $15 billion valuation back in 2022 📉. Ripple’s CEO, Brad Garlinghouse, backed Long’s remarks, emphasizing that Ripple isn't looking for outside investments and has no rush to go public 🛑.

Although Garlinghouse had previously hinted that an IPO could happen after Ripple settled its legal fight with the SEC ⚖️ in 2022, he now made it clear: going public is not a priority for Ripple, even after the case wrapped up in late 2023 ✅. #xrp #Ripple #cryptocurrencies #altcoins #crypto

$XRP
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Bullish
$LINK Chainlink is a decentralized oracle network that feeds real-world data into blockchain smart contracts. Many decentralized applications rely on Chainlink to provide pricing feeds, weather data, or other external information. Because of this, LINK has become a critical infrastructure token: as more smart contracts go live, demand for reliable oracles could grow. However, Chainlink faces competition from other oracle projects, and its price will fluctuate with the broader crypto market. For investors, LINK offers exposure to the backbone of Web3 (the “oracle layer”). Its utility-driven demand gives it promise, but one should still expect moderate volatility along the way. $LINK #Chainlink #blockchain #cryptocurrencies
$LINK Chainlink is a decentralized oracle network that feeds real-world data into blockchain smart contracts. Many decentralized applications rely on Chainlink to provide pricing feeds, weather data, or other external information. Because of this, LINK has become a critical infrastructure token: as more smart contracts go live, demand for reliable oracles could grow. However, Chainlink faces competition from other oracle projects, and its price will fluctuate with the broader crypto market. For investors, LINK offers exposure to the backbone of Web3 (the “oracle layer”). Its utility-driven demand gives it promise, but one should still expect moderate volatility along the way.
$LINK
#Chainlink #blockchain #cryptocurrencies
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Bullish
Keep an Eye on #HOT #coins Early in the Day! Most top #cryptocurrencies show strong bullish momentum at the start of the day — and today is no different! A quick look at #Binance , TradingView, and CoinMarketCap shows coins like $BTC , $ETH , $SOL , and newer launches are pushing green candles early on. Suggestion: If you’re planning to trade, watch the trending coins closely in the first 1-2 hours of the day. This is when volume is high, momentum is fresh, and small moves can bring quick profits if you time your entries right. Set your Take Profits (TP) and Stop Losses (SL) wisely — and don't get greedy after the first strong pump! Early momentum can be your best friend — if you trade smart! {spot}(BTCUSDT)
Keep an Eye on #HOT #coins Early in the Day!

Most top #cryptocurrencies show strong bullish momentum at the start of the day — and today is no different!
A quick look at #Binance , TradingView, and CoinMarketCap shows coins like $BTC , $ETH , $SOL , and newer launches are pushing green candles early on.

Suggestion:
If you’re planning to trade, watch the trending coins closely in the first 1-2 hours of the day.
This is when volume is high, momentum is fresh, and small moves can bring quick profits if you time your entries right.
Set your Take Profits (TP) and Stop Losses (SL) wisely — and don't get greedy after the first strong pump!

Early momentum can be your best friend — if you trade smart!
Follow me for daily #crypto news 🧠📉📈 It’s not financial advice – but it’s dangerously close 😏 Here are 3 crypto facts you probably didn’t know: 1️⃣ The first real-world Bitcoin transaction was for... 2 pizzas 🍕 (cost: 10,000 BTC 😭) 2️⃣ There are over 23,000 #cryptocurrencies , but most are... dead 💀 3️⃣ The FBI is one of the largest #bitcoin holders (from seized funds) 🕵️‍♂️ Crypto is weird, wild, and just getting started. Stick around – I’ll keep you posted 🚀 $BTC $INIT $XRP
Follow me for daily #crypto news 🧠📉📈

It’s not financial advice – but it’s dangerously close 😏

Here are 3 crypto facts you probably didn’t know:

1️⃣ The first real-world Bitcoin transaction was for... 2 pizzas 🍕 (cost: 10,000 BTC 😭)

2️⃣ There are over 23,000 #cryptocurrencies , but most are... dead 💀

3️⃣ The FBI is one of the largest #bitcoin holders (from seized funds) 🕵️‍♂️

Crypto is weird, wild, and just getting started.

Stick around – I’ll keep you posted 🚀

$BTC
$INIT
$XRP
$INIT is the native token used for transaction fees, staking, and governance within the Initia ecosystem. The total supply of INIT is capped at 1 billion tokens. Tokens are allocated across various categories, including the foundation, protocol developers, investors, community rewards (including airdrops), and exchange launch activities. Initia has raised approximately $24 - $25 million through several funding rounds. Key investors include #Binance Labs, Delphi Ventures, and Hack VC, indicating strong institutional backing. Initia presents an interesting approach to blockchain scalability and interoperability with its "Interwoven Stack." The successful TGE and listing on major exchanges indicate strong initial interest. However, as a new project, it's crucial for potential investors to conduct thorough research into its technology, team, tokenomics, and roadmap, and to be aware of the inherent risks associated with investing in new #cryptocurrencies . {spot}(INITUSDT) {spot}(ETHUSDT) {spot}(BTCUSDT)
$INIT is the native token used for transaction fees, staking, and governance within the Initia ecosystem.
The total supply of INIT is capped at 1 billion tokens.
Tokens are allocated across various categories, including the foundation, protocol developers, investors, community rewards (including airdrops), and exchange launch activities.
Initia has raised approximately $24 - $25 million through several funding rounds.
Key investors include #Binance Labs, Delphi Ventures, and Hack VC, indicating strong institutional backing.
Initia presents an interesting approach to blockchain scalability and interoperability with its "Interwoven Stack." The successful TGE and listing on major exchanges indicate strong initial interest. However, as a new project, it's crucial for potential investors to conduct thorough research into its technology, team, tokenomics, and roadmap, and to be aware of the inherent risks associated with investing in new #cryptocurrencies .


Do you want to #earn up to $30 per day and grow your #cryptocurrencies ? Reply in the comments if you are interested, I will explain to you in private how to do it. All free, no needs deposit, no KYC, withdraws on #LTC #Doge BTC ETH
Do you want to #earn up to $30 per day and grow your #cryptocurrencies ?
Reply in the comments if you are interested, I will explain to you in private how to do it.
All free, no needs deposit, no KYC, withdraws on #LTC #Doge BTC ETH
IggyMat:
Interested
Big changes are coming to the Solana ecosystem! 🚀 The Solana Foundation just rolled out a major update to its Delegation Program, with the goal of boosting decentralization and creating a more self-sustaining validator network. 🌐⚡ Here’s what’s new: For every new validator added to the program, three existing ones will be removed — but only if they meet specific criteria. ✅ This includes being in the program for at least 18 months and having less than 1,000 SOL staked externally (outside the Foundation). That means older validators with low outside support will be phased out over time. 🔄 Ben Hawkins, Head of the Staking Ecosystem at Solana Foundation, shared why this move matters: “As part of our continued commitment to decentralization and network health, we’re shifting how we recruit and remove validators in the Delegation Program.” 🛠️🌱 This new approach kicks in immediately and serves three key goals: 1. Reduce over-reliance on Foundation-backed staking — fewer central points of control. ❌🏛️ 2. Support validators who bring in independent delegators — giving power to the community. 🙌 3. Build a stronger, more flexible network — boosting decentralization and overall efficiency. 🔧✨ It’s a bold move to keep Solana more open, community-driven, and future-ready! ⚙️ #solana #altcoins #Binance #BinanceSquareFamily #cryptocurrencies $SOL {spot}(SOLUSDT)
Big changes are coming to the Solana ecosystem! 🚀 The Solana Foundation just rolled out a major update to its Delegation Program, with the goal of boosting decentralization and creating a more self-sustaining validator network. 🌐⚡

Here’s what’s new: For every new validator added to the program, three existing ones will be removed — but only if they meet specific criteria. ✅ This includes being in the program for at least 18 months and having less than 1,000 SOL staked externally (outside the Foundation). That means older validators with low outside support will be phased out over time. 🔄

Ben Hawkins, Head of the Staking Ecosystem at Solana Foundation, shared why this move matters:
“As part of our continued commitment to decentralization and network health, we’re shifting how we recruit and remove validators in the Delegation Program.” 🛠️🌱

This new approach kicks in immediately and serves three key goals:

1. Reduce over-reliance on Foundation-backed staking — fewer central points of control. ❌🏛️

2. Support validators who bring in independent delegators — giving power to the community. 🙌

3. Build a stronger, more flexible network — boosting decentralization and overall efficiency. 🔧✨

It’s a bold move to keep Solana more open, community-driven, and future-ready! ⚙️ #solana #altcoins #Binance #BinanceSquareFamily #cryptocurrencies

$SOL
#learning #Research Specific #Cryptocurrencies Don't just buy what's popular. Understand the technology behind each coin, its use case, its team, its community, and its potential for growth (and decline). Look at their whitepapers, roadmaps, and market analysis.
#learning
#Research Specific #Cryptocurrencies
Don't just buy what's popular. Understand the technology behind each coin, its use case, its team, its community, and its potential for growth (and decline). Look at their whitepapers, roadmaps, and market analysis.
 #cryptocurrencies #bitcoinpumping #BTC #buyBTC #investinBTC STRATEGY Latest Acquisition: 6,556 $BTC BTC Added To Massive Bitcoin Stash For Half A Billion Formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Mon 21st, 2025 by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 $BTC .  This latest purchase, amounting to approximately $556 million at an average price of $84,785 per Bitcoin.


#cryptocurrencies
#bitcoinpumping
#BTC
#buyBTC
#investinBTC

STRATEGY Latest Acquisition: 6,556 $BTC BTC Added To Massive Bitcoin Stash For Half A Billion

Formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Mon 21st, 2025 by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 $BTC

This latest purchase, amounting to approximately $556 million at an average price of $84,785 per Bitcoin.
#Learn&Earn On #Binance Those who want something free, Learn and Earn on Binance provides them a great opportunity. It is an educational initiative that allows users to learn about blockchain , #cryptocurrencies , and #Web3 technologies through structured lessons—and get rewarded with free #crypto for completing quizzes. It’s designed to make crypto education accessible and engaging, especially for beginners. The program typically features partnerships with different crypto projects, and users can earn tokens by watching videos or reading articles and then passing related quizzes. It’s a great way to boost your crypto knowledge while gaining small amounts of actual crypto. {future}(BNBUSDT)
#Learn&Earn On #Binance
Those who want something free, Learn and Earn on Binance provides them a great opportunity. It is an educational initiative that allows users to learn about blockchain , #cryptocurrencies , and #Web3 technologies through structured lessons—and get rewarded with free #crypto for completing quizzes. It’s designed to make crypto education accessible and engaging, especially for beginners.

The program typically features partnerships with different crypto projects, and users can earn tokens by watching videos or reading articles and then passing related quizzes. It’s a great way to boost your crypto knowledge while gaining small amounts of actual crypto.
Top Ten Coins Future Price PredictionIt's impossible to provide exact future price predictions for the top ten #cryptocurrencies due to the extreme volatility and unpredictable nature of the market. Many factors can influence these prices, including: Market Sentiment: Overall positive or negative feelings towards cryptocurrencies.  Adoption Rates: How widely these coins are being used in real-world applications.Technological Advancements: Developments and upgrades to the underlying blockchains.  Regulatory Landscape: Government regulations and policies regarding cryptocurrencies.Macroeconomic Factors: Broader economic conditions like inflation and interest rates.  Competition: The emergence of new and potentially disruptive cryptocurrencies. However, based on the search results, here's a general overview and some potential price ranges for some of the top coins in 2025 (as of late April 2025), keeping in mind these are speculative and can vary widely: Bitcoin ($BTC ): Some analysts predict a range between $80,000 and $150,000.Optimistic forecasts suggest potential highs of $180,000 - $200,000 or even higher in the long term.Strong institutional interest and potential for further ETF inflows are seen as positive drivers.   Ethereum ($ETH ): Predictions range from a low of around $1,600 to a high of $6,700 or more.The continued growth of DeFi and NFTs on the Ethereum network, along with successful upgrades, are crucial for price appreciation. $XRP : Forecasts for 2025 are quite varied, with some suggesting a potential rise to $4 in a bullish scenario.  Much of XRP's price action will depend on the final outcome and clarity of its regulatory situation. Some experts suggest holding for the long term (until 2029) for potentially significant gains. Solana (SOL): Price predictions for 2025 range from $120 to $1,000, with an average around $500 in some estimations.Solana's speed, low transaction fees, and growing ecosystem are seen as strong positives.   Binance Coin (BNB): Some analysis suggests a potential buying opportunity if BNB stays above $600.BNB's utility within the large Binance ecosystem supports its value. Cardano (ADA): Long-term potential is considered bullish, but specific 2025 price targets vary. Polkadot (DOT): Forecasts for 2025 range from around $4 to $14. Dogecoin (DOGE): Some predictions suggest a potential rise to $0.44 if bullish momentum returns. Shiba Inu (SHIB): Price predictions for 2025 range widely, from $0.000013 to $0.000066. Avalanche (AVAX): Some forecasts suggest a potential high of around $21 for 2025. Important Considerations: These are just predictions and not financial advice. The cryptocurrency market is inherently risky.Do your own thorough research (DYOR) before making any investment decisions.Consider your own risk tolerance and investment goals.Diversification across different cryptocurrencies can help manage risk.The information above is a snapshot based on available data as of Monday, April 21, 2025. The market can change rapidly. It is crucial to consult with a qualified financial advisor for personalized advice before investing in cryptocurrencies. {spot}(BTCUSDT) {spot}(XRPUSDT) {spot}(SOLUSDT) {spot}(ETHUSDT)

Top Ten Coins Future Price Prediction

It's impossible to provide exact future price predictions for the top ten #cryptocurrencies due to the extreme volatility and unpredictable nature of the market. Many factors can influence these prices, including:
Market Sentiment: Overall positive or negative feelings towards cryptocurrencies.  Adoption Rates: How widely these coins are being used in real-world applications.Technological Advancements: Developments and upgrades to the underlying blockchains.  Regulatory Landscape: Government regulations and policies regarding cryptocurrencies.Macroeconomic Factors: Broader economic conditions like inflation and interest rates.  Competition: The emergence of new and potentially disruptive cryptocurrencies.
However, based on the search results, here's a general overview and some potential price ranges for some of the top coins in 2025 (as of late April 2025), keeping in mind these are speculative and can vary widely:
Bitcoin ($BTC ):
Some analysts predict a range between $80,000 and $150,000.Optimistic forecasts suggest potential highs of $180,000 - $200,000 or even higher in the long term.Strong institutional interest and potential for further ETF inflows are seen as positive drivers.  
Ethereum ($ETH ):
Predictions range from a low of around $1,600 to a high of $6,700 or more.The continued growth of DeFi and NFTs on the Ethereum network, along with successful upgrades, are crucial for price appreciation.
$XRP :
Forecasts for 2025 are quite varied, with some suggesting a potential rise to $4 in a bullish scenario.  Much of XRP's price action will depend on the final outcome and clarity of its regulatory situation. Some experts suggest holding for the long term (until 2029) for potentially significant gains.
Solana (SOL):
Price predictions for 2025 range from $120 to $1,000, with an average around $500 in some estimations.Solana's speed, low transaction fees, and growing ecosystem are seen as strong positives.  
Binance Coin (BNB):
Some analysis suggests a potential buying opportunity if BNB stays above $600.BNB's utility within the large Binance ecosystem supports its value.
Cardano (ADA):
Long-term potential is considered bullish, but specific 2025 price targets vary.
Polkadot (DOT):
Forecasts for 2025 range from around $4 to $14.
Dogecoin (DOGE):
Some predictions suggest a potential rise to $0.44 if bullish momentum returns.
Shiba Inu (SHIB):
Price predictions for 2025 range widely, from $0.000013 to $0.000066.
Avalanche (AVAX):
Some forecasts suggest a potential high of around $21 for 2025.
Important Considerations:
These are just predictions and not financial advice. The cryptocurrency market is inherently risky.Do your own thorough research (DYOR) before making any investment decisions.Consider your own risk tolerance and investment goals.Diversification across different cryptocurrencies can help manage risk.The information above is a snapshot based on available data as of Monday, April 21, 2025. The market can change rapidly.
It is crucial to consult with a qualified financial advisor for personalized advice before investing in cryptocurrencies.
#BTCRebound The term BTCREBOUND refers to Bitcoin bouncing back after a sharp decline—when its price begins to recover and stabilize following a major drop. In the ever-volatile crypto market, these rebounds highlight both the resilience of Bitcoin and renewed investor confidence. Staying alert to these movements can help traders and investors spot key opportunities during market corrections—not just for Bitcoin, but across the entire crypto space. #Cryptocurrencies #Bitcoin #Trading #Investment $BTC {spot}(BTCUSDT)
#BTCRebound

The term BTCREBOUND refers to Bitcoin bouncing back after a sharp decline—when its price begins to recover and stabilize following a major drop. In the ever-volatile crypto market, these rebounds highlight both the resilience of Bitcoin and renewed investor confidence.

Staying alert to these movements can help traders and investors spot key opportunities during market corrections—not just for Bitcoin, but across the entire crypto space.

#Cryptocurrencies
#Bitcoin
#Trading
#Investment
$BTC
🗣️#SenatorElizabeth warned that the stock market would #collapse if President Trump fired Federal Reserve Chairman #JeromePowell The New York Times also described #Trump as the worst thing that has ever happened to the world of cryptocurrencies,calling him a fraud⁉️😠 🟢They also said that everyone should sell their #cryptocurrencies because the president will bring them to zero.😱 This is what will happen if the trade war continues at this rate.📉 $TRX {spot}(TRXUSDT)
🗣️#SenatorElizabeth warned that the stock market would #collapse if President Trump fired Federal Reserve Chairman #JeromePowell

The New York Times also described #Trump as the worst thing that has ever happened to the world of cryptocurrencies,calling him a fraud⁉️😠

🟢They also said that everyone should sell their #cryptocurrencies because the president will bring them to zero.😱

This is what will happen if the trade war continues at this rate.📉

$TRX
Bhutan Plans to Develop Green Mining According to Reuters, two senior Bhutanese officials revealed that the country has made millions of dollars from investing in #cryptocurrencies in recent years, and has used part of the proceeds to pay government employees for two years. #Bhutan is using 100% hydropower to carry out green cryptocurrency #mining , and officials are evaluating whether to sell these "green coins" to large companies that need to meet ESG (environmental, social and governance) goals to promote the development of green finance.
Bhutan Plans to Develop Green Mining

According to Reuters, two senior Bhutanese officials revealed that the country has made millions of dollars from investing in #cryptocurrencies in recent years, and has used part of the proceeds to pay government employees for two years. #Bhutan is using 100% hydropower to carry out green cryptocurrency #mining , and officials are evaluating whether to sell these "green coins" to large companies that need to meet ESG (environmental, social and governance) goals to promote the development of green finance.
China sells confiscated cryptocurrencies: a temporary measure or a step towards change?Listen, an interesting thing is happening in China. Although the country officially banned the trading of cryptocurrencies back in 2021, in fact, everything is not so clear. As it turned out, local authorities are actively selling confiscated bitcoins and other digital assets to replenish depleted budgets amid the economic downturn. This is confirmed by the transactions and court documents that came into the hands of Reuters. Curiously, the authorities themselves do not directly trade in crypto (because it is formally impossible). Instead, they attract private companies that convert crypto into fiat (mainly yuan) through foreign exchanges. For example, the Jiafenxiang company from Shenzhen has sold more than $400 million worth of cryptocurrencies on behalf of cities in eastern China since 2018 alone. The proceeds are then credited to local budgets. Formally, the ban seems to be respected, but the money is already in the system. Legally, all this is held on thin ice. China still does not have clear legislation on the handling of confiscated digital property, especially when it comes to cases involving fraud, money laundering or online gambling. Experts, both judges and lawyers— increasingly say that urgent reform is needed, otherwise it creates the ground for corruption and "gray" schemes. Some experts even suggest centralizing the process — for example, transferring control of the confiscated crypt to the People's Bank of China. Others believe that China can quietly create its own bitcoin reserve, looking at American ideas like a "national crypto reserve." An interesting contrast: on the one hand, a complete ban on trading and strict control over capital outflow; on the other, real billions in cryptocurrencies that have already been converted and used for the needs of the state. All this is happening in parallel with the development of the digital yuan (e-CNY), which China promotes as a secure and controlled alternative to bitcoin. In short, all this looks like a temporary "fire" solution, but it may well develop into a new strategy. The question now is something else: Will China eventually become the largest state holder of cryptocurrencies, despite the official ban? #cryptocurrencies #crypto #china

China sells confiscated cryptocurrencies: a temporary measure or a step towards change?

Listen, an interesting thing is happening in China. Although the country officially banned the trading of cryptocurrencies back in 2021, in fact, everything is not so clear. As it turned out, local authorities are actively selling confiscated bitcoins and other digital assets to replenish depleted budgets amid the economic downturn. This is confirmed by the transactions and court documents that came into the hands of Reuters.
Curiously, the authorities themselves do not directly trade in crypto (because it is formally impossible). Instead, they attract private companies that convert crypto into fiat (mainly yuan) through foreign exchanges. For example, the Jiafenxiang company from Shenzhen has sold more than $400 million worth of cryptocurrencies on behalf of cities in eastern China since 2018 alone. The proceeds are then credited to local budgets. Formally, the ban seems to be respected, but the money is already in the system.
Legally, all this is held on thin ice. China still does not have clear legislation on the handling of confiscated digital property, especially when it comes to cases involving fraud, money laundering or online gambling. Experts, both judges and lawyers— increasingly say that urgent reform is needed, otherwise it creates the ground for corruption and "gray" schemes.
Some experts even suggest centralizing the process — for example, transferring control of the confiscated crypt to the People's Bank of China. Others believe that China can quietly create its own bitcoin reserve, looking at American ideas like a "national crypto reserve."
An interesting contrast: on the one hand, a complete ban on trading and strict control over capital outflow; on the other, real billions in cryptocurrencies that have already been converted and used for the needs of the state. All this is happening in parallel with the development of the digital yuan (e-CNY), which China promotes as a secure and controlled alternative to bitcoin.
In short, all this looks like a temporary "fire" solution, but it may well develop into a new strategy. The question now is something else:
Will China eventually become the largest state holder of cryptocurrencies, despite the official ban?
#cryptocurrencies #crypto #china
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