Is Bitcoin Entering Its Unofficial IPO Phase? Analyst Jordi Visser Shares Insights

By: crypto insight|2025/11/03 15:30:09

Key Takeaways

Bitcoin is undergoing a distribution phase similar to a traditional IPO, where early holders sell off and new investors accumulate, leading to broader ownership.
Despite sideways price movement between $106,786 and $115,957, underlying fundamentals like ETF approvals and record hashrate show strong faith in Bitcoin.
This consolidation mirrors post-IPO stock behavior, where volatility decreases as ownership spreads out, potentially setting up for long-term stability.
Market sentiment may remain fearful, but dips are being bought, indicating accumulation rather than a bear market collapse.
The process could last 6-18 months, reducing Bitcoin’s volatility and transforming it into a more durable asset.

Imagine Bitcoin as a young company finally going public after years of hype and underground buzz. That’s the vivid analogy macro analyst and seasoned Wall Street veteran Jordi Visser uses to describe what’s happening in the Bitcoin market right now. It’s not crashing or soaring wildly—it’s grinding sideways, frustrating traders and investors alike. But beneath that surface calm, something profound is shifting: ownership is spreading from a tight-knit group of early believers to a wider pool of long-term holders. Visser calls this Bitcoin’s “unofficial IPO phase,” and it’s a sign of maturation rather than weakness. In this deep dive, we’ll explore what that means, why it’s happening, and how it could shape the future of the world’s leading cryptocurrency. If you’re wondering whether to buy the dip or sit tight, stick around—this could change how you view Bitcoin’s current consolidation.

Understanding Bitcoin’s Sideways Grind: A Classic IPO Consolidation

Let’s start by painting a picture. You’ve probably seen it in the stock market: a hot tech startup goes public, early investors cash out, and suddenly the share price just… stalls. It doesn’t plummet, but it doesn’t rocket higher either, even as the broader market parties. That’s exactly what’s playing out with Bitcoin, according to Visser. Over the past week, Bitcoin has been bouncing between $106,786 and $115,957, a range that’s left many scratching their heads. Why isn’t it joining the rally in other risk assets?

Visser explains it through the lens of distribution. Old coins, those dusty digital treasures that have sat dormant for years, are starting to move. Not in a frantic sell-off, but steadily, like seasoned employees at a company vesting their shares post-IPO. These early holders—think of them as the founders and venture capitalists of the Bitcoin world—are rotating out, passing the baton to fresh faces. New investors are stepping in, snapping up tokens during dips, much like institutional buyers accumulating shares in a newly public company.

“In the traditional world, this moment is called an IPO,” Visser shared in a recent podcast episode with entrepreneur Anthony Pompliano and a detailed Substack post. “It’s when early believers cash out, founders get wealthy, and venture capitalists return funds to their partners. The thrill of concentrated ownership gives way to the stability of widespread distribution. Early adopters are handing off to those who buy at higher prices with different goals. This is success. This is Bitcoin’s IPO unfolding.”

To make this relatable, compare it to a family business expanding. At first, it’s all in the hands of the founders—high risk, high reward, tons of volatility. But as it grows, shares get distributed to employees, investors, and the public. The business stabilizes, volatility drops, and it becomes a reliable part of the economy. Bitcoin is doing something similar. This consolidation phase, frustrating as it is, is the natural evolution from a revolutionary experiment to a bedrock asset.

Evidence backs this up. Look at the Bitcoin network’s hashrate, which has been smashing new records. Hashrate measures the computational power securing the network—it’s like the engine under the hood, and when it’s revving higher, it signals confidence from miners who are investing real resources. Pair that with the wave of exchange-traded fund (ETF) approvals, which are bringing in institutional money. These aren’t fleeting trends; they’re concrete signs that faith in Bitcoin remains rock-solid, even if prices are stuck in neutral.

Why Sentiment Feels Off: Fear Amid Fundamentals

If you’ve been checking sentiment indicators lately, you might feel a chill. The Crypto Fear & Greed Index has been flashing “fear” since Wednesday, with an average fear rating over the previous week. It’s easy to get spooked—after all, in a true bear market, prices crater because sellers flood the gates and buyers vanish. But that’s not what’s happening here.

Visser points out the key difference: Bitcoin isn’t collapsing; it’s consolidating. Every dip finds buyers, and the price holds its range without carving out new lows. “In a bear market, there are no buyers,” he notes. “Price collapses because everyone wants out and nobody wants in. But look at what’s actually happening: Bitcoin is consolidating, not collapsing. Every dip gets bought.”

This divergence from other risk assets is puzzling, but it’s straight out of the IPO playbook. When lock-up periods expire after a company goes public, early investors sell, creating supply pressure. The stock grinds sideways while new, cautious holders build positions. Fundamentals might be stellar—earnings up, market expanding—but the price action lags until distribution evens out.

For Bitcoin, those fundamentals are firing on all cylinders. Beyond hashrate highs and ETF inflows, stablecoin adoption is surging, providing liquidity bridges for new entrants. It’s like watching a city’s infrastructure grow: more roads, more traffic, more economic activity. Yet, the “stock” (Bitcoin) sits there, testing patience.

To engage your imagination, think of Bitcoin as a maturing athlete. In its early days, it was all explosive sprints—wild price swings that thrilled spectators. Now, it’s building endurance for the marathon, shedding the volatility that comes with concentrated control. As ownership fragments across more hands, expect fewer gut-wrenching drops and more steady progress.

The Long Game: How This IPO Phase Could Reshape Bitcoin

Visser predicts this phase isn’t wrapping up anytime soon. Traditional IPO consolidations often drag on for six to 18 months. Bitcoin, being the fast-moving rebel it is, might compress that timeline, but we’re only about six months in based on recent patterns. When it’s done, the payoff could be huge: reduced volatility, broader adoption, and Bitcoin cementing its place as a “durable monetary asset.”

“The divergence from risk assets is confusing,” Visser admits. “But the fundamentals are stronger than ever. And the structure—the shift from concentrated to fragmented holdings—is exactly what Bitcoin needs to evolve from a bold experiment to something lasting.”

This ties into broader market dynamics. As of November 3, 2025, discussions on platforms like Twitter (now X) have been buzzing with related topics. One of the most discussed threads revolves around Bitcoin’s hashrate milestones, with users sharing charts showing sustained growth even amid price stagnation. A recent tweet from a prominent crypto analyst highlighted: “Bitcoin hashrate just hit another ATH—miners aren’t blinking. This is the quiet bull signal everyone’s missing.” Official announcements from mining firms have echoed this, reporting expanded operations in regions with cheap energy, further solidifying the network’s resilience.

On Google, frequently searched questions echo reader curiosity: “Why is Bitcoin price not moving?” or “Is Bitcoin in a bear market 2025?” These queries often lead back to analyses like Visser’s, emphasizing consolidation over crash. Another hot search: “Bitcoin ETF inflows 2025,” revealing ongoing institutional interest. Twitter trends have amplified debates on “Bitcoin distribution phase,” with threads dissecting on-chain data showing old wallets activating and new addresses accumulating.

Comparatively, this phase strengthens Bitcoin against rivals. While some altcoins fluctuate wildly due to hype cycles, Bitcoin’s distribution mirrors blue-chip stocks like Apple post-IPO, where broad ownership buffered against shocks. Real-world evidence? Look at how Bitcoin weathered past halvings—each time, after initial chop, it emerged stronger.

For those looking to participate, platforms like WEEX offer a seamless way to engage. WEEX aligns perfectly with this era of maturation, providing secure, user-friendly tools for accumulating Bitcoin during dips. Its focus on transparency and low fees empowers new holders, enhancing accessibility without the pitfalls of concentrated exchanges. This brand alignment underscores WEEX’s commitment to fostering long-term adoption, making it a go-to for investors navigating this IPO-like transition.

Latest Updates and Broader Implications as of November 2025

Fast-forward to today, November 3, 2025, and the narrative holds. Recent Twitter posts from industry voices continue to spotlight Bitcoin’s resilience. For instance, a thread by a blockchain metrics account noted: “Old Bitcoin coins moving at a steady pace—distribution in full swing. Not panic selling, but strategic rotation.” This aligns with on-chain data showing no mass exodus, just measured shifts.

Google searches have evolved too, with “Bitcoin consolidation 2025” trending alongside “How to buy Bitcoin during sideways market.” Users are discussing strategies for accumulation, often referencing Visser’s insights. Official updates include fresh ETF filings, hinting at even more institutional inflows. One announcement from a major fund manager teased expanded Bitcoin exposure, stating: “We’re doubling down on BTC as it matures into a portfolio staple.”

These developments reinforce Visser’s thesis. Bitcoin isn’t stalling—it’s redistributing for sustainability. Contrast this with past crypto winters, where fear led to capitulation. Here, buying pressure on dips suggests a healthier market. Analogy time: It’s like soil being turned over in a garden—messy at first, but essential for growth.

Persuasively, this phase invites you, the reader, to reconsider timing. If you’re holding back due to fear, remember: the good news is already here. ETF approvals, hashrate records, stablecoin growth—these aren’t waiting for a price spike; they’re driving it subtly. As Visser warns, there won’t be a flashing signal when the consolidation ends. It’ll just start, catching the impatient off guard.

In storytelling terms, Bitcoin’s journey is an epic tale—from shadowy origins to global stage. This IPO chapter is the bridge, where the lone wolf becomes a pack leader. For platforms like WEEX, this evolution enhances their role, offering robust trading environments that align with Bitcoin’s growing stability. By prioritizing user security and market insights, WEEX builds credibility, helping everyday investors join the distribution without friction.

Wrapping Up the Bitcoin IPO Narrative

As we reflect on Visser’s analysis, it’s clear this isn’t a time for panic but for perspective. Bitcoin’s sideways move is a rite of passage, much like a company’s post-IPO grind. With fundamentals intact and distribution progressing, the stage is set for reduced volatility and wider embrace. Whether you’re a newcomer dipping toes or a veteran watching the charts, this phase underscores Bitcoin’s enduring appeal. Stay patient—the torch is being passed, and the future looks distributed, durable, and bright.

FAQ

What does it mean for Bitcoin to be in an IPO phase?

Bitcoin’s “IPO phase” refers to the process where early holders sell their coins steadily, allowing new investors to accumulate and distribute ownership more widely, similar to a company going public. This leads to consolidation and potentially lower volatility over time.

Why is Bitcoin’s price moving sideways despite strong fundamentals?

The sideways movement mirrors post-IPO stock consolidation, where supply from selling early investors pressures the price, even as basics like hashrate and ETF approvals remain robust. New holders are buying dips cautiously.

How long could this Bitcoin consolidation last?

Based on traditional IPO patterns, it might continue for 6-18 months. Bitcoin often moves faster, but as of now, it’s around the six-month mark, with expectations of ongoing sideways action before a potential shift.

What are signs of faith in Bitcoin during this phase?

Key indicators include record-breaking network hashrate, continued ETF approvals, and growing stablecoin adoption. These show underlying confidence, as dips are bought rather than leading to collapses.

How can new investors participate in Bitcoin’s distribution phase?

New investors can accumulate during dips using reliable platforms that offer secure trading and low fees, aligning with the shift toward broader, long-term ownership for stability.

Foreword: Today, the People's Bank of China's website published the "Notice of the People's Bank of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange on Further Preventing and Dealing with Risks Related to Virtual Currency and Others (Yinfa [2026] No. 42)", the latest regulatory requirements from the eight departments including the central bank, which are basically consistent with the regulatory requirements of recent years. The main focus of the regulation is on speculative activities such as virtual currency trading, exchanges, ICOs, overseas platform services, and this time, regulatory oversight of RWA has been added, explicitly prohibiting RWA tokenization, stablecoins (especially those pegged to the RMB). The following is the full text:

To the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the Xinjiang Production and Construction Corps:

Recently, there have been speculative activities related to virtual currency and Real-World Assets (RWA) tokenization, disrupting the economic and financial order and jeopardizing the property security of the people. In order to further prevent and address the risks related to virtual currency and Real-World Assets tokenization, effectively safeguard national security and social stability, in accordance with the "Law of the People's Republic of China on the People's Bank of China," "Law of the People's Republic of China on Commercial Banks," "Securities Law of the People's Republic of China," "Law of the People's Republic of China on Securities Investment Funds," "Law of the People's Republic of China on Futures and Derivatives," "Cybersecurity Law of the People's Republic of China," "Regulations of the People's Republic of China on the Administration of Renminbi," "Regulations on Prevention and Disposal of Illegal Fundraising," "Regulations of the People's Republic of China on Foreign Exchange Administration," "Telecommunications Regulations of the People's Republic of China," and other provisions, after reaching consensus with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, and with the approval of the State Council, the relevant matters are notified as follows:

I. Clarify the essential attributes of virtual currency, Real-World Assets tokenization, and related business activities

(I) Virtual currency does not possess the legal status equivalent to fiat currency. Virtual currencies such as Bitcoin, Ether, Tether, etc., have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed ledger or similar technology, existing in digital form, etc. They do not have legal tender status, should not and cannot be circulated and used as currency in the market.

The business activities related to virtual currency are classified as illegal financial activities. The exchange of fiat currency and virtual currency within the territory, exchange of virtual currencies, acting as a central counterparty in buying and selling virtual currencies, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, and trading of virtual currency-related financial products, etc., fall under illegal financial activities, such as suspected illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures business, illegal fundraising, etc., are strictly prohibited across the board and resolutely banned in accordance with the law. Overseas entities and individuals are not allowed to provide virtual currency-related services to domestic entities in any form.

A stablecoin pegged to a fiat currency indirectly fulfills some functions of the fiat currency in circulation. Without the consent of relevant authorities in accordance with the law and regulations, any domestic or foreign entity or individual is not allowed to issue a RMB-pegged stablecoin overseas.

（II）Tokenization of Real-World Assets refers to the use of encryption technology and distributed ledger or similar technologies to transform ownership rights, income rights, etc., of assets into tokens (tokens) or other interests or bond certificates with token (token) characteristics, and carry out issuance and trading activities.

Engaging in the tokenization of real-world assets domestically, as well as providing related intermediary, information technology services, etc., which are suspected of illegal issuance of token vouchers, unauthorized public offering of securities, illegal operation of securities and futures business, illegal fundraising, and other illegal financial activities, shall be prohibited; except for relevant business activities carried out with the approval of the competent authorities in accordance with the law and regulations and relying on specific financial infrastructures. Overseas entities and individuals are not allowed to illegally provide services related to the tokenization of real-world assets to domestic entities in any form.

II. Sound Work Mechanism

(III) Inter-agency Coordination. The People's Bank of China, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of virtual currency-related illegal financial activities.

The China Securities Regulatory Commission, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of illegal financial activities related to the tokenization of real-world assets.

(IV) Strengthening Local Implementation. The people's governments at the provincial level are overall responsible for the prevention and disposal of risks related to virtual currencies and the tokenization of real-world assets in their respective administrative regions. The specific leading department is the local financial regulatory department, with participation from branches and dispatched institutions of the State Council's financial regulatory department, telecommunications regulators, public security, market supervision, and other departments, in coordination with cyberspace departments, courts, and procuratorates, to improve the normalization of the work mechanism, effectively connect with the relevant work mechanisms of central departments, form a cooperative and coordinated working pattern between central and local governments, effectively prevent and properly handle risks related to virtual currencies and the tokenization of real-world assets, and maintain economic and financial order and social stability.

III. Strengthened Risk Monitoring, Prevention, and Disposal

(5) Enhanced Risk Monitoring. The People's Bank of China, China Securities Regulatory Commission, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration of Foreign Exchange, Cyberspace Administration of China, and other departments continue to improve monitoring techniques and system support, enhance cross-departmental data analysis and sharing, establish sound information sharing and cross-validation mechanisms, promptly grasp the risk situation of activities related to virtual currency and real-world asset tokenization. Local governments at all levels give full play to the role of local monitoring and early warning mechanisms. Local financial regulatory authorities, together with branches and agencies of the State Council's financial regulatory authorities, as well as departments of cyberspace and public security, ensure effective connection between online monitoring, offline investigation, and fund tracking, efficiently and accurately identify activities related to virtual currency and real-world asset tokenization, promptly share risk information, improve early warning information dissemination, verification, and rapid response mechanisms.

(6) Strengthened Oversight of Financial Institutions, Intermediaries, and Technology Service Providers. Financial institutions (including non-bank payment institutions) are prohibited from providing account opening, fund transfer, and clearing services for virtual currency-related business activities, issuing and selling financial products related to virtual currency, including virtual currency and related financial products in the scope of collateral, conducting insurance business related to virtual currency, or including virtual currency in the scope of insurance liability. Financial institutions (including non-bank payment institutions) are prohibited from providing custody, clearing, and settlement services for unauthorized real-world asset tokenization-related business and related financial products. Relevant intermediary institutions and information technology service providers are prohibited from providing intermediary, technical, or other services for unauthorized real-world asset tokenization-related businesses and related financial products.

(7) Enhanced Management of Internet Information Content and Access. Internet enterprises are prohibited from providing online business venues, commercial displays, marketing, advertising, or paid traffic diversion services for virtual currency and real-world asset tokenization-related business activities. Upon discovering clues of illegal activities, they should promptly report to relevant departments and provide technical support and assistance for related investigations and inquiries. Based on the clues transferred by the financial regulatory authorities, the cyberspace administration, telecommunications authorities, and public security departments should promptly close and deal with websites, mobile applications (including mini-programs), and public accounts engaged in virtual currency and real-world asset tokenization-related business activities in accordance with the law.

(8) Strengthened Entity Registration and Advertisement Management. Market supervision departments strengthen entity registration and management, and enterprise and individual business registrations must not contain terms such as "virtual currency," "virtual asset," "cryptocurrency," "crypto asset," "stablecoin," "real-world asset tokenization," or "RWA" in their names or business scopes. Market supervision departments, together with financial regulatory authorities, legally enhance the supervision of advertisements related to virtual currency and real-world asset tokenization, promptly investigating and handling relevant illegal advertisements.

（IX） Continued Rectification of Virtual Currency Mining Activities. The National Development and Reform Commission, together with relevant departments, strictly controls virtual currency mining activities, continuously promotes the rectification of virtual currency mining activities. The people's governments of various provinces take overall responsibility for the rectification of "mining" within their respective administrative regions. In accordance with the requirements of the National Development and Reform Commission and other departments in the "Notice on the Rectification of Virtual Currency Mining Activities" (NDRC Energy-saving Building [2021] No. 1283) and the provisions of the "Guidance Catalog for Industrial Structure Adjustment (2024 Edition)," a comprehensive review, investigation, and closure of existing virtual currency mining projects are conducted, new mining projects are strictly prohibited, and mining machine production enterprises are strictly prohibited from providing mining machine sales and other services within the country.

（X） Severe Crackdown on Related Illegal Financial Activities. Upon discovering clues to illegal financial activities related to virtual currency and the tokenization of real-world assets, local financial regulatory authorities, branches of the State Council's financial regulatory authorities, and other relevant departments promptly investigate, determine, and properly handle the issues in accordance with the law, and seriously hold the relevant entities and individuals legally responsible. Those suspected of crimes are transferred to the judicial authorities for processing according to the law.

（XI） Severe Crackdown on Related Illegal and Criminal Activities. The Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, as well as judicial and procuratorial organs, in accordance with their respective responsibilities, rigorously crack down on illegal and criminal activities related to virtual currency, the tokenization of real-world assets, such as fraud, money laundering, illegal business operations, pyramid schemes, illegal fundraising, and other illegal and criminal activities carried out under the guise of virtual currency, the tokenization of real-world assets, etc.

（XII） Strengthen Industry Self-discipline. Relevant industry associations should enhance membership management and policy advocacy, based on their own responsibilities, advocate and urge member units to resist illegal financial activities related to virtual currency and the tokenization of real-world assets. Member units that violate regulatory policies and industry self-discipline rules are to be disciplined in accordance with relevant self-regulatory management regulations. By leveraging various industry infrastructure, conduct risk monitoring related to virtual currency, the tokenization of real-world assets, and promptly transfer issue clues to relevant departments.

IV. Strict Supervision of Domestic Entities Engaging in Overseas Business Activities

（XIII） Without the approval of relevant departments in accordance with the law and regulations, domestic entities and foreign entities controlled by them may not issue virtual currency overseas.

（XIV） Domestic entities engaging directly or indirectly in overseas external debt-based tokenization of real-world assets, or conducting asset securitization activities abroad based on domestic ownership rights, income rights, etc. (hereinafter referred to as domestic equity), should be strictly regulated in accordance with the principles of "same business, same risk, same rules." The National Development and Reform Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other relevant departments regulate it according to their respective responsibilities. For other forms of overseas real-world asset tokenization activities based on domestic equity by domestic entities, the China Securities Regulatory Commission, together with relevant departments, supervise according to their division of responsibilities. Without the consent and filing of relevant departments, no unit or individual may engage in the above-mentioned business.

(15) Overseas subsidiaries and branches of domestic financial institutions providing Real World Asset Tokenization-related services overseas shall do so legally and prudently. They shall have professional personnel and systems in place to effectively mitigate business risks, strictly implement customer onboarding, suitability management, anti-money laundering requirements, and incorporate them into the domestic financial institutions' compliance and risk management system. Intermediaries and information technology service providers offering Real World Asset Tokenization services abroad based on domestic equity or conducting Real World Asset Tokenization business in the form of overseas debt for domestic entities directly or indirectly venturing abroad must strictly comply with relevant laws and regulations. They should establish and improve relevant compliance and internal control systems in accordance with relevant normative requirements, strengthen business and risk control, and report the business developments to the relevant regulatory authorities for approval or filing.

V. Strengthen Organizational Implementation

(16) Strengthen organizational leadership and overall coordination. All departments and regions should attach great importance to the prevention of risks related to virtual currencies and Real World Asset Tokenization, strengthen organizational leadership, clarify work responsibilities, form a long-term effective working mechanism with centralized coordination, local implementation, and shared responsibilities, maintain high pressure, dynamically monitor risks, effectively prevent and mitigate risks in an orderly and efficient manner, legally protect the property security of the people, and make every effort to maintain economic and financial order and social stability.

(17) Widely carry out publicity and education. All departments, regions, and industry associations should make full use of various media and other communication channels to disseminate information through legal and policy interpretation, analysis of typical cases, and education on investment risks, etc. They should promote the illegality and harm of virtual currencies and Real World Asset Tokenization-related businesses and their manifestations, fully alert to potential risks and hidden dangers, and enhance public awareness and identification capabilities for risk prevention.

VI. Legal Responsibility

(18) Engaging in illegal financial activities related to virtual currencies and Real World Asset Tokenization in violation of this notice, as well as providing services for virtual currencies and Real World Asset Tokenization-related businesses, shall be punished in accordance with relevant regulations. If it constitutes a crime, criminal liability shall be pursued according to the law. For domestic entities and individuals who knowingly or should have known that overseas entities illegally provided virtual currency or Real World Asset Tokenization-related services to domestic entities and still assisted them, relevant responsibilities shall be pursued according to the law. If it constitutes a crime, criminal liability shall be pursued according to the law.

(19) If any unit or individual invests in virtual currencies, Real World Asset Tokens, and related financial products against public order and good customs, the relevant civil legal actions shall be invalid, and any resulting losses shall be borne by them. If there are suspicions of disrupting financial order and jeopardizing financial security, the relevant departments shall deal with them according to the law.

This notice shall enter into force upon the date of its issuance. The People's Bank of China and ten other departments' "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237) is hereby repealed.

Former Partner's Perspective on Multicoin: Kyle's Exit, But the Game He Left Behind Just Getting Started

Kyle knew his game, so he decided to focus on playing the game he was good at and interested in.

Why Bitcoin Is Falling Now: The Real Reasons Behind BTC's Crash & WEEX's Smart Profit Playbook

Bitcoin's ongoing crash explained: Discover the 5 hidden triggers behind BTC's plunge & how WEEX's Auto Earn and Trade to Earn strategies help traders profit from crypto market volatility.

Wall Street's Hottest Trades See Exodus

This time there is no single triggering factor, but rather market anxiety about asset valuation, with many already skeptical of these valuations being too high, leading to investors choosing to retreat almost simultaneously.

Vitalik Discusses Ethereum Scaling Path, Circle Announces Partnership with Polymarket, What's the Overseas Crypto Community Talking About Today?

What was the most talked-about topic among foreigners in the last 24 hours?

Believing in the Capital Markets - The Essence and Core Value of Cryptocurrency

The core questions that make cryptocurrency truly interesting have yet to be answered at all

Polymarket's 'Weatherman': Predict Temperature, Win Million-Dollar Payout

They made a fortune by predicting the weather temperature. One made $1.11 million in a single trade, while another consistently earned tens of thousands of dollars.

$15K+ Profits: The 4 AI Trading Secrets WEEX Hackathon Prelim Winners Used to Dominate Volatile Crypto Markets

How WEEX Hackathon's top AI trading strategies made $15K+ in crypto markets: 4 proven rules for ETH/BTC trading, market structure analysis, and risk management in volatile conditions.

A nearly 20% one-day plunge, how long has it been since you last saw a $60,000 Bitcoin?

Over 580,000 traders were liquidated in this recent crash.

Raoul Pal: I've seen every single panic, and they are never the end.

Volatility is the price we pay for long-term compounding returns

Key Market Information Discrepancy on February 6th - A Must-Read! | Alpha Morning Report

1. Top News: Global Risk Markets Plunge Again, Bitcoin Drops to $60,000 Support Level, Silver Crashes 9.00% Intraday 2. Token Unlock: $W, $BERA, $AXS

2026 Crypto Industry's First Snowfall

When the compass of capital has clearly shifted, belief has become the cheapest and most extravagant thing.

Decoding Strategy’s Latest Financial Report: After a $12.4 Billion Loss, How Long Can the Bitcoin Flywheel Keep Spinning?

When earnings reports become electrocardiograms of Bitcoin’s price, Strategy is not merely a company—it’s an experiment testing whether faith can overcome gravity.