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Recently, seven major domestic financial associations—the Internet Finance Association, Banking Association, Securities Association, Fund Association, Futures Association, Listed Companies Association, and Payment & Clearing Association—joined forces to issue a risk warning document.
The main message is to remind everyone to be cautious of people using the banner of virtual currencies and RWA (Real World Asset tokenization) to cause trouble. Lately, there have indeed been quite a few taking advantage of these concepts to hype up worthless projects and scam investors. The regulators have clearly noticed this, which is why they have come forward to issue this risk warning.
Anyone involved in crypto knows that the domestic stance has always been pretty clear. Now that even new concepts like RWA are being specifically mentioned, it shows that regulators are keeping a close eye on industry trends. When participating in projects, everyone should stay alert and not be fooled by buzzwords on the surface.
This isn’t just a scare tactic—the seven major associations joining forces is a serious warning.
Air projects are done for, it’s about time there was some regulation.
With regulators watching so closely, is anyone still daring to hype this up?
This combination of regulatory moves in China is pretty tough; project teams need to think carefully.
Looks like it’s time to change strategies—the days of pure "air" projects are over.
RWA has been called out, which means that even new concepts can't escape the eyes of regulation.
This combination of regulatory moves at home is pretty tough—just don’t follow the crowd.
They're about to fleece retail investors again, huh? These scammers are getting better and better at packaging.
Haven’t you learned your lesson? No matter how appealing the concept sounds, you still need to see the true nature of the project.
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The regulators are getting serious—virtual currencies weren't enough, now they're targeting concept speculation.
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It sounds nice to call it RWA, but honestly, it's just old wine in a new bottle. The retail investors are still dreaming.
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You can always tell when the authorities here make a move—scams always outpace innovation.
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Another wave of vaporware projects is about to die off, but I bet new scams are already being prepared.
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Seven organizations coming out together to make statements—how many times have we heard "be more cautious" now?
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Regulators may keep a close watch, but there are always people willing to take risks. It's unbelievable.
It's about time the RWA concept got targeted—I'm ready to watch the show.
It's harvest season again, and the newbies are still dreaming.
This move domestically has directly blocked many scammers' paths.
Concept speculation really does need to be regulated.
Regulators are tightening their grip with warnings—here comes another round of reshuffling.
Stop blindly chasing hype; you could really face social death.
That RWA wave of cutting leeks with the same old tricks should have been regulated a long time ago—always hyping up concepts.
With such tight supervision, you really have to be cautious with domestic plays.
Another round of risk warnings—those who should wake up really should have by now.
It's ridiculous that people still fall for these outdated concept-hype tricks.
With this much regulatory pressure, you have to be pretty bold to still go for it.
Seven associations acting together means this is no small matter.
Even RWA is being called out now—looks like there are no absolutely safe new concepts.
This round of warning documents should have come out earlier, to prevent more people from getting burned.
Don’t be fooled by flashy names—the essence is still the same old thing.
RWA has been called out, what's next?
Getting rekt every day and still not learning—serves them right.
With such tight regulation, people still dare to play? Maybe they need to check if there's something wrong with their heads.
Here comes another wave of retail investors getting fleeced, those so-called influencers in my friend circle are about to be exposed.