The Breakdown It Wouldn't Be A Bitcoin Cycle Without a China Ban Rumor
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Aug 12, 2025 Bitcoin's recent surge attracts attention amidst rumors of a China crypto ban. The dynamics between Beijing and Hong Kong's stablecoin ambitions reveal deeper concerns about financial control. Harvard's hefty $116M Bitcoin investment marks a pivotal shift in institutional views on cryptocurrency. Meanwhile, changes at the White House Crypto Council hint at evolving governance in the crypto space, as banks prepare for a potential embrace of stablecoins amid a cautious institutional landscape.
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Sunday Night Rally Near ATH
- Bitcoin jumped late Sunday, briefly nearing a new all-time high.
- The move created a large CME gap between $117,500 and $119,000 that traders will watch.
China Ban Headlines Misleading
- Headlines claimed China re-banned crypto, but reporting lacked solid sources.
- The real concern is Beijing's unease over Hong Kong's new stablecoin regime.
Mining Exodus And Binance Strategy
- Beijing's 2021 crackdown pushed mining operations overseas to Kazakhstan and Texas.
- Binance adopted a no-fixed-address strategy as exchanges scrambled to avoid regulation.