Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide China News
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
Stories 481
Coverage footprint 1.9%
ETF
Is China using US Bitcoin ETFs as a backdoor? Mystery Hong Kong firm invested $436M in BlackRock’s IBIT
As Chinese crypto regulations tighten, Hong Kong firms increasingly invest in US ETFs for Bitcoin exposure.

Adoption
China Bitcoin legalization is priced at 5% but Beijing’s February 2026 Ban 2.0 made one detail brutal
The shift to “public order and good morals” language turns many crypto deals legally invalid, pushing losses onto individuals instead of platforms.

Macro
Why Bitcoin faces a brutal liquidity trap because China’s $298B of US Treasuries are up for sale
Chinese banks' retreat from US debt may inadvertently destabilize Bitcoin's path to recovery.

















