There is a very interesting conversation happening in the Chinese crypto market this week. With US and Chinese authorities meeting for trade negotiations, people are speculating a lot about the impact this will have on Chinese crypto projects.

Just yesterday, I saw that TRX, NEO, VET, and CFX had positive movement. TRX rose 1.97%, NEO advanced 2.14%, VET gained 0.99%, and CFX skyrocketed 4.91% in 24 hours. Only OKB had a slight dip of 0.16%, but nothing significant. These Chinese crypto tokens have historically reacted well when there are signs of opening in trade relations between the two countries.

What’s catching attention is that the US Secretary of the Treasury and the Trade Representative will meet with Chinese authorities in Switzerland. A major agreement isn’t expected to come out of it, but the fact that negotiations are on the table already shifts market sentiment. After weeks of tension over tariffs, any sign of dialogue favors assets linked to Chinese crypto.

But there’s something deeper happening. China still dominates the export of ASIC miners, even though it has lost the leadership in mining hashrate. According to recent research, about 21% of the global hash power still comes from clandestine Chinese operations fueled by cheap electricity. Experts believe that if trade relations improve, China could become more strategically involved in the sector, which would have significant impacts on the global Bitcoin mining dynamics.

NEO continues to be seen as China’s Ethereum, while Tron keeps impressing with its transaction speed and low fees. If these negotiations develop, Chinese crypto projects like these could gain considerable ground. It’s worth keeping an eye on the movements in the coming days, especially if there are updates on the topic. The geopolitical dynamics are heavily shaping the current sentiment in the crypto market.