China's Crypto Underworld: Why These 5 Coins Just Caught Traders' Attention

While TRON, NEO, VeChain, and Conflux climbed 0.5-3% on Wednesday, here’s the real story: US-China trade talks are back on, and the market’s betting Beijing’s shadow crypto mining empire could shift everything.

Treasury Secretary Scott Bessent and US Trade Rep Jamieson Greer are meeting Chinese officials this week in Switzerland. Nothing groundbreaking expected—but the timing matters. These tokens rallied on speculation alone.

Here’s the twist: China officially banned crypto mining years ago, yet still controls ~21% of Bitcoin’s global hashrate. The infrastructure never left. Inner Mongolia’s cheap renewable energy, offshore operations, cross-border hubs—the underground mining economy just went quiet, not dead.

Meanwhile, the US now dominates official mining rankings. But China still exports most ASIC miners worldwide, maintaining the real leverage.

Take-home: If trade tensions cool, Beijing might tolerate its shadow crypto sector more openly. That could flood BTC supply and reshape mining economics. These “Made in China” tokens are just the canary in the coal mine.