The current progress of the China-U.S. trade negotiations may have indirect but far-reaching effects on the B Circle (blockchain and cryptocurrency industry). On one hand, if the negotiations make breakthroughs and tariff barriers are reduced, it may promote China-U.S. technological cooperation, including cross-border applications and investment flows in blockchain technology. On the other hand, if the negotiations become stalled, the U.S. may further tighten technology export controls, impacting Chinese blockchain companies' supply chains in key areas like chips and cloud computing. Additionally, China's countermeasures on critical resources such as rare earths may affect the global high-tech industry, including the manufacturing of cryptocurrency mining equipment. Therefore, B Circle investors need to closely monitor the dynamics of the negotiations, especially the terms related to technology restrictions and financial policies, to respond to potential market fluctuations.