China's Crypto Reopening Could Trigger Next Super Cycle, Solana Company CEO Says
- —China is using Hong Kong as a testing ground for crypto regulation and stablecoins
- —Government-linked wallets reportedly hold about 190,000 BTC worth $15.7 billion
- —China-linked miners control an estimated 14% to 20% of global Bitcoin hashrate
- —A 19-measure policy targets blockchain infrastructure in manufacturing, banking and data
Why it matters: Restoring market access for Chinese traders and firms could significantly boost liquidity and demand for crypto assets.
Source: Coinpedia