Shanghai's temporary accommodation registrations for foreign nationals surged to 7.139 million in 2025—a stunning 49.6% jump year-over-year. That's not just a number; it signals serious momentum in international capital flows and global investor migration patterns. When you see this kind of inflow, you're looking at real economic activity picking up steam. More foreign participants entering Shanghai typically means increased market liquidity, fresh investment capital, and growing interest in regional financial hubs. It's the kind of macro indicator that matters for tracking where money is actually moving in 2025, beyond the noise of market chatter. Whether you're watching institutional adoption or broader Web3 ecosystem expansion, these migration patterns deserve attention.