#创作者任务台 The actions of China's public blockchain have caused market turbulence. Some opinions suggest that "When the gun sounds for China's public blockchain, even Wall Street's computing power will tremble— but your holdings might first meet the King of Hell." Let's break down the intricacies behind this.

On the policy level, central state-owned enterprises must personally step in to build the chain, investing 54.5 billion USD. On the surface, this is said to prevent the U.S. from cutting off technologies, but in reality, it aims to squeeze foreign public chains like Ethereum (ETH) and Solana (SOL) out of the Chinese market. It's akin to foreign products having the lead, but now the national team wants to take charge and push out foreign competitors.

In the short term, this poses a life-and-death test for the market. The negative impact is evident; in the future, Chinese users will issue stablecoins and engage in decentralized finance.