Chinese exchanges still going strong.. some exchanges still trading above $800. The rest of the world is refusing to believe bitcoin is worth so much... meanwhile potential massive chance to make money for those who are willing to sell coins on those sites. Is it the Chinese who didn't get the memo, or is it us? We will see soon enough.
http://btckan.com/priceWhere are these volume #s coming from? Seems insanely high for some unknown exchanges. Is it because they have zero fees?
I believe this question, along with "why such a high price in China", is the basis of the aforementioned conspiracy theory.
I don't think there's a conspiracy, and I do think there's a bitcoin frenzy in China. Somebody at some point is likely to take advantage of it and collect a lot of Yuan.