Will there be a war between China and the United States in the field of cryptocurrency? Trump said that China's giants are quietly returning to the field of cryptocurrency?

It is true that we have put a lot of pressure on the cryptocurrency industry in the past few years, especially the policy regulation in 2021, which directly caused the market to fall sharply on May 19, and many Chinese investors turned to overseas. Internet giants have also successively reduced their blockchain businesses, turning them into the dark. However, the current situation is completely different. Cryptocurrency has become a key issue that influences the US election. Does anyone think we should give up this industry?

Recently, China's technology giants are quietly returning to the field of cryptocurrency. Capital led by Tencent Investment Group and Matrix Partners China has successfully reached a $15 million Series A financing for Chainbase, a developer of a full-chain data network. Chainbase focuses on integrating blockchain data into a single platform to simplify the data acquisition process and has provided services for Tencent Cloud. In fact, many of Tencent's businesses have secretly used encryption technology, but they have not yet been publicly promoted.

At the same time, JD.com is not to be outdone and announced its return to the cryptocurrency industry, especially in the field of stablecoins. JD.com's name can be seen in the list of the first stablecoin issuers announced by the Hong Kong Monetary Authority.

In addition, as early as April, ByteDance's technology branch BytePlus announced a partnership with Sui Blockchain to apply its services to the Sui network. Alibaba's Ant Financial is also actively expanding its investment in blockchain business. As early as December last year, Alibaba invested in CARV, a provider of gaming and AI data layer solutions.

The actions of these technology giants may confirm Trump's view: China's attention to the cryptocurrency industry cannot be underestimated. Their strategic planning foreshadows a new trend, that is, the importance of cryptocurrency is increasing, not only as a financial tool, but also as a strategic high ground. These companies are carefully planning for future competition, and the prosperity of the cryptocurrency industry may be coming.

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