Something interesting is happening with China's cryptocurrencies while the US and China prepare to talk about tariffs this week. American authorities like Scott Bessent and Jamieson Greer will meet with Chinese officials in Switzerland, and the market is watching closely to see what comes out of it.

Yesterday, China's main cryptocurrencies experienced positive movement. TRON rose 1.78%, NEO gained 1.23%, Conflux surged by +1.64%. VeChain had a slight drop of 0.64%. OKB, which is more tied to the local market, had a bigger surprise with +14.39%. Nothing explosive, but sentiment is clearly improving as they wait for negotiations.

What also catches the eye for those following the crypto scene is that these 'Made in China' coins tend to be sensitive to geopolitical news. After weeks of tariff concerns, the possibility of a trade deal is acting as a catalyst. TRON and NEO are particularly interesting because they represent Chinese blockchain innovation—TRON is known for its absurd transaction capacity with very low fees, while NEO is like China's version of Ethereum.

Now, there's a side of the story that isn't so obvious. The US currently dominates Bitcoin mining, but China still controls a large part of the infrastructure. Even with the official ban, estimates indicate that China still accounts for about 21% of the global hash power. Inner Mongolia has become an underground hub because of cheap, renewable electricity. All of this fuels speculation about a parallel crypto economy in China that no one can measure precisely.

What does this mean for China's cryptocurrency? If negotiations go well and there’s greater openness, China could step out of the shadows. With more global adoption and led by the US, China might be encouraged to get involved more strategically, even if unofficially. Industry experts say the infrastructure is already in place—from offshore mining to cross-border trading hubs.

For now, it’s worth watching how these Chinese cryptocurrencies behave in the coming weeks. Any movement in negotiations could impact traders' sentiment. Here at Gate, it’s easy to keep an eye on TRON, NEO, VeChain, and Conflux performance in real time.