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China’s Bitcoin Comeback and Wall Street’s Crypto Shift Signal a New Phase for Digital Assets

Bitcoin mining in China is surging again despite the 2021 ban, while major banks like JPMorgan now treat Bitcoin as legitimate collateral. Institutional acceptance grows as markets recover from a $19B crash.

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What we will talk about today...

China Quietly Becomes the Third-Largest Bitcoin Mining Hub

JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral

$19B Crypto Crash May Set Up Bitcoin for $200K by Year-End

SpaceX Moves $133 Million in Bitcoin Amid Renewed Activity

China Quietly Becomes the Third-Largest Bitcoin Mining Hub

Miners are returning to Xinjiang despite Beijing’s crypto crackdown.

  • Hashrate share: China now accounts for 14.05% of Bitcoin’s total mining power.

  • Location focus: Xinjiang offers cheap energy and remote access for underground miners.

  • Policy stance: The government still bans crypto, but enforcement has softened.

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“Despite years of suppression, Chinese miners continue to underpin Bitcoin’s global network.”

JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral

The biggest U.S. bank integrates crypto into its core lending business.

  • Program launch: Institutional clients will use Bitcoin and Ethereum as collateral by late 2025.

  • Custody setup: Third-party custodians will hold pledged crypto assets.

  • Market shift: Follows earlier approval of crypto-linked ETFs and rising client demand.

“I defend your right to buy Bitcoin, go at it,” said CEO Jamie Dimon, signaling a major policy turn.

$19B Crypto Crash May Set Up Bitcoin for $200K by Year-End

Analysts say the sell-off could fuel a historic rally.

  • Market data: Bitcoin hit $104,000 after the crash, now trades near $111,000.

  • Forecast: Standard Chartered predicts $200,000 by year-end if rate cuts continue.

  • ETF impact: Weak ETF inflows are still limiting upside potential.

“My forecast is $200,000 by the end of the year,” said Geoff Kendrick of Standard Chartered.

SpaceX Moves $133 Million in Bitcoin Amid Renewed Activity

Elon Musk’s firm shifts more than 1,200 BTC to new wallets.

  • Transaction data: Two transfers totaling 1,215 BTC were detected by Arkham Intelligence.

  • Holding status: SpaceX’s balance once hit 25,000 BTC, now closer to 8,000.

  • Market reaction: Bitcoin slipped 0.3% to $110,541 after the news.

“SpaceX moved funds totaling $133.7 million,” Arkham Intelligence confirmed.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results