China's attitude towards cryptocurrency has always been the focus of global market attention. From the early craze to the later strict regulation, every policy change in this huge market will set off a storm in the global encryption market.
1. Early boom: the era of barbaric growth
From 2013 to 2017, China was the core force in the global cryptocurrency market. The Bitcoin mining industry in China once accounted for more than 70% of the global computing power. At that time, many early investors relied on this wave of enthusiasm to achieve financial freedom and became legends in the currency circle.
2. Era of Strict Regulation: Policy Suppression
Since 2017, the Chinese government has gradually introduced policies to crack down on cryptocurrency trading and ICOs (Initial Coin Offerings). In 2021, China further banned cryptocurrency trading and mining activities entirely, and strictly restricted financial institutions from providing services related to cryptocurrencies. This move pushed cryptocurrency activities in the Chinese market underground and forced a large number of miners and exchanges to move overseas.
3. Under Currents: The Market Remains Active
Despite strict policies, enthusiasm for cryptocurrencies in the Chinese market has not completely disappeared. On one hand, Chinese investors continue to participate in trading through overseas platforms; on the other hand, emerging concepts such as Web3, blockchain technology, and NFTs are quietly developing in China's tech circles. Especially with the Chinese government's acknowledgment of blockchain technology, the market sees potential possibilities for the future.
4. Musk's 'Tipping Point': Puppies Coin Debuts
The global enthusiasm for the crypto market often cannot do without Musk's 'assistance'. Musk's various endorsements, from Bitcoin to Dogecoin, and now various meme coins, have shown the market a new logic of 'traffic equals value'.
In this context, Puppies Coin, themed around 'puppies', has become a representative of the new generation of meme coins. Especially on the Ethereum chain, Puppies Coin quickly gained popularity in the global market thanks to Musk's endorsements and the enthusiastic support from the crypto community. Although the Chinese market cannot participate directly, this international craze has still attracted a lot of attention.
Conclusion:
Although China's attitude towards cryptocurrencies remains strict, the global market has never stopped developing. Driven by Musk and meme culture, cryptocurrencies like Puppies Coin show us that the crypto market can always find some relaxed yet potentially lucrative 'wealth codes' even in a seemingly serious regulatory environment.$ETH $BNB #BTC重回关键位置后走势 #SUI再创新高 #纳斯达克100指数宣布纳入微策略 #puppies #加密市场反弹 
