Cryptocurrency News & Discussion

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/cryptocurrency by /u/GabeSter on 2025-08-03 16:35:00+00:00.

You may have seen my post from yesterday asking the community for grassroots help in finding out if the "breaking news" was actually true.

China may or may not have banned Bitcoin. (again)

We can now safely say that the story was in fact false and all high profile participants who shared it were either knowing or unknowing contributing to an attempted psyop attack on the Crypto Markets.

Some of those accounts include

https://preview.redd.it/aq92w9n6ytgf1.png?width=602&format=png&auto=webp&s=b8a7916f602c8406448b44141b427bc3bb7f1a3d

Investing.com social media account - 1.2M followers

https://preview.redd.it/p7t7oy4kytgf1.png?width=601&format=png&auto=webp&s=c8245dd91fc2281b92ba323e1890dc88a568d8f0

Unusual_whales - 2.4M followers

https://preview.redd.it/u1svz2ioytgf1.png?width=603&format=png&auto=webp&s=66aa0861f62a75d016ef65bab289f16f2840b219

Kalshi 140k Followers

https://preview.redd.it/pett5rdc1ugf1.png?width=610&format=png&auto=webp&s=ad53bb3f0febec4f67cc24ae5e1ebe93e5f74f56

First Squawk - 388k Followers

It appears the first major account I can find to share the news was First Squawk which was then later picked up by other social media first alert "outlets" despite no official reporting on the subject by traditional media.

If you know of any other major outlets that perpetuated the fake news let me know and I'll add them to the list of shame.