Matrixport’s Cynthia Wu on China’s Crackdown on Bitcoin Mining and More

“There’s always been uncertainty in how the Chinese government will handle crypto,” Wu said during an interview at Blockworks Digital Asset Summit in New York.

article-image

Cynthia Wu, founding partner at Matrixport

share

key takeaways

  • The Matrixport exec has seen many clients who mine bitcoin move to North America following regulatory clampdowns
  • However, there has been an influx of larger institutions getting involved in the space this year, according to Wu

Cynthia Wu, founding partner at Matrixport, joined Blockworks for an interview at the Digital Asset Summit (DAS) in New York last month after she spoke on the “Institutional Lending and Yield Generation in Digital Assets” panel. 

Wu, who previously served as investment director at Bitmain, shared insights from the conference and talked about topics including:

  • Industry-wide challenges to accelerating mainstream adoption in crypto
  • Regulatory crackdown on bitcoin in China
  • Differences in user demands on Matrixport’s platform since its inception
  • Crypto as an “emerging asset class”

Watch the full interview below and all of the panel videos from DAS here


Are you a UK or EU reader that can’t get enough investor-focused content on digital assets? Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.


Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

🚀 Build What’s Next — Permissionless IV Hackathon Join us June 22–23 in Brooklyn for the Permissionless IV Hackathon — a 36-hour sprint hosted by Cracked Labs and Blockworks where top builders turn ideas into real products. Come to launch, not just […]

recent research

Research Report Templates (10).png

Research

Kamino has evolved into a full-stack asset scaling suite with V2: unlocking new markets, improving capital efficiency, and catering to various risk profiles. We believe it is best positioned to become the credit backbone of Solana as the ecosystem matures. Simply put, KMNO remains our highest-conviction bet in the Solana ecosystem. This report lays out our thesis.

article-image

Greenwood was a success story before it was a tragedy

article-image

All eight included staking in their most recent SEC filings

article-image

With an updated Summary of Economic Projections, the Fed sees growth slowing and inflation increasing

article-image

Where do crypto mobile games go from here?

article-image

Bybit’s Byreal, Binance Alpha and Coinbase’s DEX integrations

article-image

This isn’t the worst hack to ever hit Mt. Gox, but it could be the most entertaining