According to CoinMeta, Joseph Chee, the CEO of Solana, stated that China's return to the crypto market could trigger the next super cycle. The Chinese government currently holds approximately 190,000 bitcoins in government-affiliated wallets, valued at around $15.7 billion. China has introduced 19 policies aimed at expanding blockchain infrastructure, covering manufacturing, banking, and data sharing. Chee noted that Beijing is using Hong Kong to test crypto regulations while also exploring ways to manage digital assets. He believes that if China allows for more crypto transactions and blockchain usage, the impact will be significant.