The founder of the Tron blockchain, Justin Sun, expressed his opinion that mainland China may soon lift the ban on digital assets. He believes that the country will follow the example of Hong Kong, which has already attracted many crypto companies due to its loyal policies. If China does lift the ban, this will lead to significant capital flows into the local crypto market, since the country has previously been a leader in this field.

Meanwhile, liquid staking protocols continue to attract deposits. Over the past seven days, 110,000 Ethereum (ETH) have been added to various DeFi platforms. Last week, Lido held 9.81 million ETH, and that figure has now grown to 9.82 million, representing an increase of 10,000 ETH. Lido currently holds 71.67% of the total ETH locked.

A significant portion of the 110,000 ETH deposited (or 88.27%) flowed into the Binance Staked ETH protocol, causing Binance's holdings to grow from 912,902 ETH to 1.01 million ETH.

Conclusion:

If mainland China lifts its ban on digital assets, it could be a powerful catalyst for the crypto market, especially when combined with the continued interest in liquid staking protocols that are building up their supply. The situation in DeFi and the activity around Ethereum highlight that the crypto market remains strong and resilient even in the face of uncertainty.