1
On Weibo (China's Twitter), a large number of cryptocurrency KOL accounts have been blocked. This is the harshest suspension of crypto in history, and it may be a response to Beijing's crackdown policy.
Bitcoin's sharp drop of 5% may be related to China's Twitter Weibo ban on accounts involving crypto. But at present, it seems that accounts not involved in ads of exchanges have not been blocked.
The total number of fans of these people is more than 5 million, and their influence on Chinese retail investors may not be less than Musk. The accounts blocked by the Chinese government are mainly recommending investment and trading crypto to retail investors.
3
A Chinese financial regulatory official said: This is a complete ban on cryptocurrency. (But he is not the main official in charge, and may only represent his personal opinion) He has a 100% negative attitude towards crypto: need to cancel all large Bitcoin mining companies; Bitcoin is even worse than tulip bubble; although foreign countries are compliant, it does not mean that it is reasonable in China, because too many retail investors in China.
The official titled of him (Chen Weigang) is a supervisor key financial institutions of the China Banking and Insurance Regulatory Commission, and he may represent the most conservative group of Chinese officials.
5
CCTV, China’s largest official TV station, began to pay attention to Uniswap and asked the security company to demonstrate how to issue coins on Uniswap and rug pull.
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