#美国核心物价涨幅不及市场预估 When major powers control exchanges, can the market still remain neutral?

Recently, I saw that the US core CPI data was lower than expected. Such macroeconomic signals often have a profound impact on the crypto market. But a deeper question arises—if major exchanges are controlled by capital with backgrounds of major powers, can investors truly access a fair trading environment?

Imagine a scenario where policymakers are both market participants and regulators; conflicts of interest become inevitable. The matching mechanisms, risk control rules, liquidity provision... these seemingly technical and neutral aspects—could they be secretly manipulated? Can ordinary traders ensure they are not being cut in a game with pre-set rules?

This is not conspiracy theory, but the real dilemma of market structure. True fairness should come from transparent mechanisms, diverse participants, and effective checks and balances. Otherwise, no matter how much trading volume and user base grow, they cannot change the disadvantaged position of grassroots participants.