East University is cracking down on cryptocurrencies again. Every bull market or year-end, there’s always a wave of crackdowns. The usual sequence is: 1. Release news to crack down on cryptocurrencies, calling them Ponzi schemes 2. Weibo and Douyin start banning a wave of accounts—my Douyin account just got banned recently 3. Liquidate some domestic fund schemes, shady exchanges, and token projects