I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
According to Binance, there was no raid. It's debatable if they even have a Shanghai office.
It's also kind of moot ... market overreacted to China making a positive blockchain announcement previously. Then backtracked when it became clear that China was referring to just the blockchain, not specific crypto projects.
It came across as simply a way for whales to temporarily manipulate the market to me. News which shouldn't have made a difference = 3K hike. So when it became clear that folks were misreading China's intentions, 3K retrace. And of course alts get smushed both times.