Chinese state-linked media outlets have intensified their focus on virtual currencies, hinting at possible regulatory changes. Recent publications from semi-official WeChat accounts, such as 'Feng Lun Feng Ma Niu' and 'National Computer Virus Emergency Response Center,' have criticized stablecoins and discussed the geopolitical impact of cryptocurrencies. These accounts, while not traditional state media, are seen as reflecting official views and shaping public opinion. Lawyer Liu Yang suggests that these discussions indicate potential regulatory developments, particularly concerning stablecoins and digital asset management. Liu notes a historical pattern of regulatory actions coinciding with Bitcoin's halving cycle, predicting new legal interpretations or policy updates may be forthcoming.