yida wang

What have been the impacts of the three historical crackdowns on cryptocurrency on the market? They occurred on September 4, 2017, May 18, 2021, and November 28, 2025. After the announcement on September 4, 2017, Bitcoin dropped from 5000 to 3000, a decline of 30%. The consequence was that many exchanges closed down, and the direct fiat purchasing channels for Bitcoin disappeared. On May 18, 2021, Bitcoin dropped from 60,000 to 30,000, a 50% decline, which had a significant impact on the market. Historically, this drop was substantial. Recently, Bitcoin plummeted from 91,000 to 90,800, a drop of about 0.2%. These crackdowns have had little impact on the crypto market, so people no longer need to pay attention to whether announcements are made; it is more important to focus on U.S. policies and funds' influence on the market. China no longer has any influence over this market, as it is completely disregarded. Looking in detail, the first crackdown was in 2017, targeting the severing of financing and trading due to rampant ICOs, where any white paper could lead to skyrocketing prices on exchanges. It was too easy to make money back then, and speculation was simple. Then, any institution was prohibited from financing tokens, exchanges were shut down, and fiat could not directly be exchanged for cryptocurrencies. The second crackdown was on May 18, 2021, mainly targeting payment channels, where banks could not provide funds for the crypto market, reiterating that virtual currencies are not money. Another crucial point was the comprehensive crackdown on the mining industry. For example, at that time, miners had just invested in small power plants in Sichuan, with investments in the hundreds of millions for Bitcoin mining sites, but within days, they were shut down, resulting in significant losses. After 2021, domestic mining was completely expelled, mostly relocating to the third world or Russia, including the U.S. and Canada. Currently, the U.S. is the largest market for computing power, but it is said that China’s computing power has returned to third place. What is the reason for this? I believe many people understand. This is the third crackdown, which recently occurred on November 28, 2025. The current goal is still a comprehensive crackdown, but it has almost no influence on the market; there is little volatility. However, I think what everyone in the crypto world needs to pay attention to is the redefinition of stablecoins and virtual currencies as illegal financial activities, emphasizing cross-border transfers, over-the-counter trading, and stablecoin money laundering. I believe it is important that holding crypto assets or trading assets is not a problem and has no impact on individuals. However, if you want to deposit or withdraw funds, with the current anti-fraud powers being very strong, it’s easy for all your cards to be frozen. There has been an approval from above, so I think it has little impact on trading, but it may significantly affect your deposits and withdrawals. Therefore, in the future, try to find acquaintances for deposits and withdrawals, such as exchanges or friends you often trade with, even if it means paying a few extra points in fees. Try to find familiar people because if issues arise, they are easier to resolve. It is very necessary to get a few Hong Kong cards and use the Hong Kong dollar withdrawal channels; this is something you can research yourself. $BTC

Wu Jihan was born in Chongqing in 1986. In 2009, he graduated from Peking University with dual degrees in Economics and Psychology. Initially, he planned to develop in the traditional finance sector, entering the investment industry after graduation as a venture capital analyst and investment manager, focusing on data analysis and project evaluation, pursuing rational decision-making.
In May 2011, an email about Bitcoin changed his trajectory. At that time, the price of Bitcoin was only about $10. He read the Bitcoin white paper in three days and quickly realized that the traditional financial system was no longer the only coordinate, and Satoshi Nakamoto had opened a whole new paradigm. He began to contact friends to raise funds, using the rationale of 'high risk, high return; either lose everything or get rich,' persuading others to participate together, ultimately raising 100,000 yuan, all of which was invested in buying Bitcoin. That same year, he translated the Bitcoin white paper into Chinese, completing the first Chinese version, which earned him the title of 'Bitcoin Evangelist' from the outside world. He co-founded Babbitt with Chang Jia and Lao Duan, the earliest blockchain information platform in China. A few people and a small office became the starting point for many later entrants.

Why Xinjiang? 30 years ago, people in Shenzhen could easily buy a piece of land and make a hundredfold profit. Today, Xinjiang is replicating this miracle, and on a much larger scale. The country has just poured 3.47 trillion yuan into Xinjiang. What does this number mean? In 2008, China's economy only used 4 trillion yuan. Now, almost the same amount of money is being poured into one province. You're probably wondering, why Xinjiang? Let me tell you, there's a grand strategy behind it that keeps the US up at night. What is the US most afraid of now? They're most afraid that we'll stop using sea routes. For the past 30 years, goods to be sold to Europe had to pass through the Strait of Malacca. The US has deployed warships there, ready to cut off our economic lifeline at any time. It's like having a bully blocking your doorstep; you have to be mindful of their attitude when you go out to do business. But Xinjiang is different. It borders eight countries and is the geographical center of Asia. From Xinjiang, goods can be transported directly to Europe by land, completely bypassing the US maritime blockade. Goods from Chengdu, Chongqing, and Zhengzhou are now directly shipped from Xinjiang to Germany, the Netherlands, and the United States – no chance of even trying. Even more impressive is Xinjiang's abundance of resources: 30% of the nation's oil reserves, 28% of its natural gas reserves, and 40% of its coal reserves. If you open a factory in Guangdong, the cost of transporting energy from Xinjiang will be exorbitant. But if you build your factory directly in Xinjiang, energy is right at your doorstep, cutting costs in half. Electricity prices are even more outrageous: in Guangdong, electricity costs 1.2 yuan per kilowatt-hour during peak hours, while in Xinjiang it's only 0.6 yuan – more than half the price. This is why international giants like BASF from Germany and Toray Industries from Japan are flocking to Xinjiang. You might not know that the world is currently facing a severe power shortage: the power grids of the UK and Sweden are on the verge of collapse due to AI, and the US has warned that half of its regions will experience power shortages within the next 10 years. Xinjiang has abundant wind and solar power, and has already built 36 AI data centers. Huawei and China Mobile are positioning themselves for the AI ​​era; whoever controls the power grid is king. Xinjiang is becoming the Saudi Arabia of the AI ​​era. And there's something even more surprising: isn't Xinjiang a desert? Xinjiang's grain output has now surpassed that of Jiangxi Province, with an additional 2.02 million mu of arable land added in 2024 alone, and its sales growth ranking first in the country. Even more outrageous is that Xinjiang is now raising salmon and crayfish. The transformation of deserts into fertile fields and Gobi into granaries is not a myth, but a reality that is unfolding.With 3.47 trillion yuan invested and 500 key projects launched simultaneously, transportation, energy, and computing power—each sector presents a massive wealth opportunity. Xinjiang's foreign trade growth rate is currently 21.8%, exceeding 100 billion yuan annually for three consecutive years, a feat other provinces can't match. Let me ask a painful question: 30 years ago, Shenzhen's housing prices were only a few hundred yuan per square meter. Now? Starting at 100,000 yuan. Those who went to Shenzhen back then, even as laborers, would be millionaires now if they bought property. Today's Xinjiang is like Shenzhen 30 years ago, perhaps even with greater opportunities. Shenzhen is just a city; Xinjiang covers 1.66 million square kilometers, equivalent to 17 Zhejiang provinces. With such a vast area, abundant resources, and such massive investment, how many times will housing prices increase? How many more job opportunities will arise? How many entrepreneurial opportunities will emerge? You're still struggling in Beijing, Shanghai, and Guangzhou, earning a meager 10,000 or 20,000 yuan a month, barely enough to cover rent. Meanwhile, Xinjiang is undergoing a transformative change, with countless opportunities waiting for those with foresight to seize. I'm not telling you to buy a plane ticket to Xinjiang tomorrow; I'm telling you the tide has turned. The past was the age of the ocean; the future is the age of land. In the past, look to the coast; in the future, look to the west. The 3.47 trillion yuan is just the beginning; more funds and policies will follow. You can continue to be exploited in first-tier cities, or you can go to Xinjiang to be a pioneer—the choice is yours. But I must remind you, opportunity never waits for anyone. Those who missed out on Shenzhen 30 years ago are still regretting it; will you regret missing out on Xinjiang 10 years from now? $雪球

95% of poor people must go through the first hurdle to become rich. Today's video reveals a brutally harsh truth; all parents from ordinary families must watch it three times. Did you know? Billionaires don't have TVs in their homes. I met a billionaire in Shanghai who bought a luxury home, and the designer presented him with over 60 design options. The billionaire seriously asked the designer, "Can a luxury home still be called a luxury home if it has a TV?" Quickly replace everything; don't install a single TV. The designer didn't understand why there was no TV; everyone else has one. A friend of the billionaire said something very poignant. Those TVs, KTVs, and bars are meant to make ordinary people addicted to entertainment, to fatten them up before slaughtering them for profit, continuously earning their money. This billionaire friend said the biggest difference between poor and rich people is that the poor indulge in fleeting entertainment, while the rich spend their time improving their cognition and perspective. Some people might think this is fictional, but the real world is ten times harsher. You have no idea what efforts the world's top billionaires have made to keep us perpetually poor?

This debate by CZ can be described as a nuclear-level spectacle, with only one theme: which is more valuable in the future, gold or Bitcoin? The debate became intense, and halfway through, CZ suddenly made a move, bringing gold onto the stage, instantly electrifying the atmosphere. A social media influencer walked onto the stage holding a black gift box, opened it to reveal a full kilogram of gold, clearly labeled, 1kg, purity 999.9 CC. Calmly, he asked, 'Peter, can you check if this is real gold?' Peter took the gold, and the audience held their breath as he touched and examined it, staring closely. After two seconds, he managed to say, 'Why does this color look a bit different from my own gold chain?' As soon as he spoke, the audience burst into laughter, as the godfather of the gold camp couldn't determine the authenticity of the gold on the spot. CZ then added, 'This was given to me by the President of Kyrgyzstan.' Peter immediately responded, 'It might be real, but it's best to test it; this is both awkward and funny. This is the pit CZ dug, and Twitter walked right into it. What about the opponents? They allowed the traditional gold standard camp to lose ground right there on the spot. Back to this century's showdown: on one side is the gold king, Wall Street's strongest gold bull, Peter, who firmly believes gold is the eternal physical store of secure value. On the other side is the strongest spokesperson in the crypto world, CZ, a key figure in promoting Bitcoin as a global consensus. One says gold is the true value, while the other says Bitcoin is the future. One of the focal points of the debate is: what is value? Peter says value comes from real use, industrial jewelry, central bank storage. CZ claims that even without a physical entity, it still holds value. All apps of the internet, Google, AI, social networks are invisible and intangible, yet everyone relies on them.

Chinese internet companies were once quite impressive, and it was not easy for them to catch up to the second tier on the global internet track: with Baidu competing with Google, Huawei rising strongly in hardware and 5G, and super platforms like Alibaba, Meituan, and JD.com, their market value was once a source of pride.
But let’s take a look at the United States—'the Magnificent Seven' now have market values in the tens of trillions of dollars: Apple, Microsoft, Tesla, Nvidia, Meta, Google, Amazon... especially companies like Tesla and Nvidia, whose market values have soared from trillions to three or four trillion or even higher, with a growth rate that is astonishing.

Here is a natural, accurate, and faithful English translation of the provided text, preserving the original meaning, tone, and rhetorical style:
Binance’s CZ’s vision for the future wallet is on a completely different level from WeChat Wallet (or any similar centralized wallet). When you open WeChat Wallet, you see petty cash, Wealth Management, and credit card repayments. But in CZ’s eyes, the future wallet could hold half the world’s assets. The gap between the two has long surpassed the tools themselves and goes straight to the essence of asset forms.
WeChat Wallet is trapped within centralized services: the money you deposit is custodied by banks, the wealth management products you buy are restricted by the platform, and even transfers cannot bypass real-name authentication and quota controls. At its core, it’s just a payment tool that helps you manage money.
What CZ wants to do is break down these walls. In the future wallet, real estate can be fractionalized into tokens, you can buy shares in companies, conduct cross-border instant trades, and even turn the revenue rights of your favorite celebrity IPs into tradable assets — more like a personal universe of value under your full control.
In terms of security, the philosophies are completely opposite. WeChat Wallet relies on the platform’s system endorsement — if something goes wrong, you go to customer service. The future wallet uses blockchain multi-layer encryption, with private keys held entirely by yourself; AI will also monitor on-chain risks in real time, protecting against both hackers and platform rug pulls.
The most crucial difference lies in the boundaries. The endpoint of WeChat Wallet is everyday life services: paying utility bills, sending red envelopes. The starting point of the future wallet is financial freedom. When the total market cap of crypto reaches $50 trillion, that will be the ticket for ordinary people to enter the decentralized world.
So, are you more comfortable with the convenience of WeChat Wallet, or are you looking forward to the infinite possibilities of CZ’s future wallet?$雪球
$ASTER
$BNB
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The Federal Reserve has been stabbed in the back by its own people from within. In 2026, the first monetary civil war in the United States broke out in Wyoming: a state government openly issued its own digital dollar.
This is not innovation — it is a digital declaration of independence from the Federal Reserve’s monopoly on currency issuance.
On January 7, 2026, history was rewritten. Wyoming launched FRNT, the first (and so far only) stablecoin in the United States — and the world’s first — fully backed by state government credit.
What makes it fundamentally different from all private stablecoins? The issuer is not a corporation, but a sovereign state government. This digital dollar carries the official seal of the state.
Why is it a nuclear bomb?
First, the benefits belong to the public: the interest generated from reserves does not go to capitalists — it flows directly into education funding and tax relief in Wyoming. Its credibility is exceptional — backed 102%+ by U.S. dollars and Treasuries, with trillion-dollar institutional giants like Franklin Templeton managing the reserves, giving it credit quality that completely crushes private institutions.
Second (the original text skipped “第二” but continued with “第三”), cost massacre: compared to sky-high credit card fees, on-chain transfers cost only about 1 cent — a true dimensionality reduction assault on traditional payments.
Its ambition is global from day one: deployed across multiple blockchains at launch, and connected to the real world through Visa.
This has ignited an interstate race — North Dakota has already announced it will follow suit.
Even deeper is the constitutional game: new federal laws can’t control it, because a state government is not a “person” and enjoys sovereign immunity.
This ultimate showdown over who has the right to issue money has officially begun — the interstate digital currency war is on.
Whoever can provide cheaper, more transparent digital finance will win the future’s talent and capital.
The Fed’s monopoly is being torn open, and the terrifying chain of reasoning has started:
If all 50 states issue their own digital dollars — New York Coin, California Coin — becoming the norm, are we witnessing the birth of a Digital United States of America?
Will a monetary federalism hollow out the Federal Reserve?
When payment costs approach zero, and land, water, and resources are shared through new mechanisms, the financial world we know will be completely rewritten by code.
100 years ago, Wyoming panned for gold. Today, it is mining digital sovereignty.
When the state government steps in to protect land taxes and lets the people enjoy the interest, who is the real central bank?
Wyoming has already pulled the trigger.
This bullet is flying straight toward Washington D.C., and it also envisions a new global financial order.
This is not merely a technological victory — it is a profound institutional revolution: monetary power is flowing from the center to the localities, from closed to open.
Follow us to clearly see the trajectory of this transformation.
Which side are you betting on? The high-walled Federal Reserve, or the digital federation formed by the states?
Drop your judgment in the comments.
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