'National strategic level pig slaughtering scheme' emerges in the crypto circle! When rare earth backing meets stablecoin scams, this 'resource financial war' directed by Wall Street is bloodily targeting retail investors!
Core events:
A statement from the China Rare Earth Group directly detonates landmines in the overseas cryptocurrency circle! The 'RARE Coin' recently launched on a shady exchange has been publicly challenged by officials—this project, which claims to be a 'national digital currency experiment' backed by rare earth resources to anchor the RMB, is nothing but an outright scam!
Scam breakdown:
Fake state-owned enterprise endorsement: The project party forged cooperation documents with the China Rare Earth Group, taking advantage of domestic investors' trust in 'scarce resources' to drive up prices wildly;
Defaulting team manipulation: On-chain data shows that the smart contract code of RARE Coin highly overlaps with last year's crashing 'titanium alloy stablecoin', and the development team is the same Wall Street hedge fund that created the 'rare earth futures flash crash' that year;
Capital matrix linkage: Early liquidity injections point to the Cayman Islands, linked to the same capital party that manipulated 'tungsten mine coin WTC', forming a 'rare earth-tungsten mine' concept coin harvesting chain.
Market bloodbath scene:
RARE Coin plummeted 60% within half an hour, exchanges like Huobi and OKX urgently delisted all 'resource-backed coins', with over $200 million escaping from XMR in a single day;
Regulatory crackdown: The China Internet Finance Association, in conjunction with multiple countries, has launched a crackdown on 'false endorsement digital assets'. Future projects that attempt to take advantage of 'infrastructure chains' will face precise strikes.
Qing Yao's sharp commentary:
Pig slaughtering scheme 3.0 upgrade: From 'funding schemes' to 'national strategic schemes', scammers weave a scam using the three hot keywords 'rare earth + RMB + digital currency', with the next wave possibly targeting 'new energy mineral tokenization';
Compliance opportunities emerge: The iron traceability chain IRON, developed by Rio Tinto Group in collaboration with Singapore MAS, is the type of true resource tokenization platform that is the future;
Bottom fishing = catching flying knives: RARE Coin's whale addresses are creating a false impression of 'bottom volume' through wash trading. Retail investors should not be fooled.
Action guide:
Immediately check your holdings and stay away from all 'resource-backed stablecoins';
Pay attention to the newly added 'Rare Earth Concept Index' futures on CMC, which may become the best hedging tool;