Related: DeFi Development Authorizes CHAD Buyback as Solana Treasury Expands
Solana CEO Says China Crypto Reopening Could Spark Next Supercycle
Related: DeFi Development Authorizes CHAD Buyback as Solana Treasury Expands
Cryptonews.net
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Oct 7, 2026 at 1:30 AM UTC · Updated 13日前 · 1 分で読める
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solana
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SOL-1.24%$104.09
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13日前
“The Chinese government is watching the technology development very, very closely,” Chee said, pointing to Hong Kong as a possible testing ground for China’s approach to digital assets.
Hong Kong Takes Different Approach
Hong Kong allows licensed platforms to offer virtual-asset services, while mainland China continues to restrict crypto trading. Chee’s comments therefore point to a possible policy shift rather than a reopening of China’s crypto market.
He said blockchain could also support companies and cross-border trade if authorities can keep the risks under control.
Solana moved from $118.87 to $104.03 over the last 30-day period, a decline of 12.5 percent.
Source: Kraken · NewsLayer Markets · Updated 数秒前
The Solana Foundation has separately launched a delivery-versus-payment program focused on settlement between financial assets and digital tokens. The initiative does not indicate that China has adopted Solana.
Chee also cautioned that greater crypto use would not eliminate market risks. “Volatility is going to be a big part of it,” he said.
Related: FPIs Are Selling India Despite Strong Growth: What It Means for Indian Crypto Traders
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- Oct 7Solana CEO Says China Crypto Reopening Could Spark Next Supercycle
- Oct 20Tron crypto tops Ethereum and Solana combined with $23.41M in revenue
- Oct 20New Crypto Pepeto Targets 100x Gains While Solana and HYPE Move Slower as Bitcoin Holds $80K
- Oct 20Crypto Price Analysis, BTC, ETH, SOL, AERO and ONDO, October 20: Bitcoin Holds Near $82,000 as Solana, Aerodrome and Ondo Post Modest Gains
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Originally reported by Cryptonews.net
NewsLayer coverage based on externally reported material.
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