Many newcomers may not have experienced the low status of Chinese people in the cryptocurrency industry before. In recent years, the discourse power of Chinese people in the cryptocurrency industry has indeed increased a lot In 2021-2022, those who wanted to participate in popular projects had to pretend to be foreigners, chat with people in broken English, level up, and whitelist. Because at that time, it was almost impossible for the project team to issue a whitelist to Chinese people - whitelist was equivalent to money, and Chinese identity was directly rejected. If they wanted to play, they could only go to the secondary market to take orders. And it's not just individual investors. In the past, when Chinese people did projects themselves, they mostly had to pretend to be foreign teams, otherwise there was a unified consensus among individual investors: Chinese projects=dogs don't even play. Nowadays, the situation has completely reversed, and many project parties will actively open Chinese/Mandarin official accounts to operate Chinese communities openly, no longer needing to hide and pretend to be "foreign projects". When did the status of Chinese people rise? One reason is that a Chinese trader was particularly popular in the past, and foreigners came to pay attention to this Chinese trader collectively. If I remember correctly, it should have been often for Xi The second is the rise of Binance, as the founder spoke Chinese and later supported Chinese memes. Foreigners now have to learn Chinese, and at least on the surface, there is less and less public discrimination against Chinese people. However, everyone is well aware that being in the top position is actually very difficult. Everyone has extremely high expectations for being the first, and any mistake will be magnified and scrutinized infinitely. Binance has also been under tremendous pressure in recent years and has done many things, such as this year's Alpha plan and last year's strong promotion of the BNB Chain ecosystem construction. I am not sure who caused the 10.11 incident, nor am I sure if it would be better without Binance. However, in recent years, the improvement has been closely related to Binance. During this period, only criticizing Binance is politically correct. But I hold BNB, play BSC memes, and have assets in Binance, which is really hard to criticize.