Enduring loneliness is the only way to guard prosperity. Through a path of thorns, one will ultimately arrive at a path of abundance. Fortunate to walk alongside a group of lovely people at Binance Square. 🌟⭐️🌤💫
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.
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.