As the U.S. races to establish itself as a global crypto hub, China could face pressure to adapt its policies. If China does relax its crypto ban, the impact on the global crypto market could be substantial, opening new avenues for investment and adoption across Asia. While a complete policy reversal is uncertain, industry leaders like Xiao Feng, CEO and Chairman of Hong Kong-based HashKey crypto exchange believe that a shift in China’s crypto space is increasingly possible, especially as major economies seek to capitalize on the sector’s growth potential.
Following Donald Trump’s election win in the U.S. Feng’s comments have stirred market speculation, especially as Trump’s win has been credited with fueling a global crypto surge and driving renewed interest in digital assets across Asia.
Is it Trump Effect Rolling in China?
Donald Trump’s pro-crypto agenda has ignited enthusiasm throughout the industry, with Bitcoin reaching a record high of $93,000 and the global crypto market cap recently surpassing $3 trillion. This “Trump effect” is driven by expectations that his policies will clear regulatory hurdles for crypto in the U.S., potentially influencing other nations, including China, to reconsider their own restrictive policies.
According to Feng, “If the U.S. Congress and the president make crypto policies clear, it would be a driving force for China to accept cryptocurrencies.” Although China currently bans crypto trading and mining, Feng believes global events, like U.S.-led sanctions on Russia, could influence China to rethink its decision. Instead of waiting five or six years, China could now embrace crypto within two years due to these pressures.
In the meanwhile, China’s recent economic measures, which include increasing debt issuance and providing support for low-income citizens, have added to the speculation. Some analysts see these steps as a signal that China could eventually loosen its crypto policies. This economic shift, combined with potential regulatory clarity in the U.S., might make China’s own regulatory stance on crypto more flexible in the coming years.
Crypto Reaction 
Overall post elections the entire crypto market is in green. Bitcoin’s rise to a new all-time high of $93K and surging altcoins indicate growing confidence in the sector, potentially reinforcing the case for China to reconsider its stance. The HashKey CEO suggests that within two years, China could start relaxing its restrictions on crypto, aligning with the bullish momentum seen worldwide.
Feng’s insights follow Trump’s recent pledges to support the digital asset sector. During his campaign, Trump promised to protect crypto businesses by dismissing SEC Chair Gary Gensler and ending restrictive policies. He also indicated the U.S. might hold its seized Bitcoin rather than selling it, signaling a strong stance in favor of crypto. This shift in U.S. policy, Feng believes, could be a “driving force” in encouraging China to open its market to digital assets in the near future.
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#CryptoNewss #Prediction #China

In a week marked by significant increases in BTC and various developments surrounding Bitcoin & Ethereum ETFs, many altcoins have reached new highs. Let's review the notable news and alphas from the past 7 days:
➡️ I. Highlighted Market News
BlackRock files registration for a spot Ethereum ETF named iShares Ethereum Trust.
Following this news, the price of $ETH surged, surpassing the $2100 mark. This triggered positive trends around Ethereum's robust growth, including:
🔸Layer 2: $ARB, $OP...
🔸LSD: $LDO, $RPL, $SSV...
🔸LSDFi: $PENDLE, $MAV, $LBR
Apart from BlackRock, other major investment funds such as VanECK, ARKinvest, Hashdex, Invesco/Galaxy, and GrayScale are also establishing Ethereum funds.
The expected benefits of the Spot ETF are anticipated to bring substantial growth opportunities to the Ethereum ecosystem.
Additionally, Ethereum is set to host the annual Devconnect event from 15/11 in Istanbul. There is a high likelihood of announcements regarding upcoming important technological updates on Ethereum.
FTT doubles after SEC Chairman Gary Gensler comments on FTX potential reboot.
SEC Chairman Gary Gensler recently commented on the possibility of FTX restarting operations with new leadership if they adhere to regulations. Three investors are competing to acquire FTX:
🔸Bullish – A crypto exchange led by former New York Stock Exchange President Tom Farley.
🔸Fintech Fig Technologies – A U.S. startup.
🔸Proof Group, an investment firm owned by Fahrenheit, the group that successfully acquired Celsius in May.
The winner may be chosen in December and is expected to relaunch FTX 2.0 after completing bankruptcy procedures, likely in the coming year.
The hopes for reviving the exchange that once held the second position in the crypto market are strengthening.

#etf #BTC #Prediction

There are a lot of different factors that can affect the price of Bitcoin. Unlike most altcoins, its price movements do not depend as heavily on the rest of the crypto market and usually ends up being the one to set the trend. However, BTC is still responsive to thegeneral factors that affect all markets like rising interest rates or huge crypto news, especially ones that either concern the industry as a whole or other big coins like Ethereum or Shiba Inu. Bitcoin’s price also gets affected by non-crypto news — a great example of that would be its price action in the spring of 2020. That’s why you should keep an eye on stock forecasts if you want to have a better understanding of the current Bitcoin price. Another news sector that those who invested in Bitcoin or are planning to do so should look out for is ecology.Just like any other asset, Bitcoin gets affected by news related to it, be it about Bitcoin itself, crypto exchanges, or blockchain technology. Crypto prices usually go up when there is a piece of news related to mass adoption, new technological breakthroughs, and so on. On the other hand, any uncertainty can cause its value to plummet.The events that affected the value of Bitcoin between Sep 2020 – Apr 2021#BTC #BTC🔥🔥 #Prediction #IluPredictor #BTCFuturesSurge $BTC