Bitcoin Survives China Crackdown, Hashrate Unfazed 🚀💥

Claims of a 100 EH/s collapse were met with polite eye-rolling by pool-level data, which suggested the disruption was about as impactful as a hiccup at a black hole convention. The chaos began when Jack Jianping Kong, founder of Nano Labs (formerly Canaan co-chair), casually mentioned Xinjiang inspections had “knocked out 400,000 rigs and 8% of hashrate in a day.” Spoiler: He forgot to mention he was probably hallucinating.

