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First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns

A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.

Filecoin Foundation Singapore event (fil.org)
Filecoin Foundation Singapore event (fil.org)