China mentioned 7 words, and CFX surged 20%: foreigners are fantasizing about China opening up to crypto again, hahaha! I’ve noticed that every time China’s official statements mention 'blockchain,' the overseas crypto community acts like they’re on steroids, wishing Chinese people would pump their coin prices to the moon. On October 9, the Central Committee of the Communist Party of China and the State Council released the 'Opinions on Developing New Productivity,' which included one sentence: Build a nationwide integrated computing power network and a national blockchain network. As a result, the overseas market got excited again, and CFX rose about 20% on October 10. The familiar China concept hype is back. But anyone who knows even a little about domestic policies is super calm—this storyline has been played out for years. China is pushing for national data infrastructure, industrial digitization, and trusted data circulation. Blockchain is just one of the underlying technologies, but it has absolutely nothing to do with crypto. The funniest part is that it’s always the same script: Overseas KOLs see China + Blockchain and immediately associate it with China fully embracing Crypto, and then the market starts hyping CFX. China’s blockchain policies have been talked about for so many years, and people in China are already indifferent to it, while foreigners are still wildly daydreaming.