According to Nic Carter (@nic__carter) on Twitter, there is renewed discussion around General Secretary Xi Jinping's economic reforms in China as of June 2025. While Carter's tweet is satirical, it highlights ongoing attention to China's regulatory environment and economic policy, which remain critical for crypto traders. Historically, announcements of economic reforms in China have influenced global cryptocurrency price action, particularly for BTC and ETH, due to China's impact on liquidity, mining, and regulatory trends. Traders should monitor official Chinese policy updates, as changes in reform direction can lead to volatility in crypto markets. Source: Twitter (@nic__carter).

According to Crypto Rover, a Chinese state-backed think tank has identified Bitcoin as a potential reserve hedge against the U.S. dollar, marking a significant shift in institutional perception of BTC in China (source: Crypto Rover, May 30, 2025). This development could drive increased demand for Bitcoin from institutional and sovereign sources, potentially boosting BTC liquidity and price stability. Traders should monitor for further policy signals from China, as state-backed institutional interest historically precedes broader market adoption and can impact global crypto market flows.