On the third day of the carnival, Ethereum's Vitalik shows up, closing the show: Ethereum aims to create a global programmable trust layer! Hong Kong adds another Web3 landmark.
The industry is shifting from 'can it grow' to 'how to build', focusing on tech ecosystems, compliance frameworks, and integration with the Asian market. 1. Heavy industry positioning in the early phase (Core recap of the first two days of the carnival) 1. Policy positioning Financial Secretary Chen Maobo stated in the opening speech of the carnival that the fusion of Web3 and AI is a 'game changer', while also highlighting three core challenges the industry is facing. 2. Industry perspectives HashKey Group Chairman Xiao Feng gives a deep dive into AI micro-payments: AI Token isn’t a currency, it’s a production asset. The current banking payment system can't handle the micro-payment demands in AI scenarios.
Web3 Carnival | Paul Chan outlines the three major 'reefs' of AI + Web3
On April 20, 2026, the Financial Secretary of Hong Kong, Paul Chan, delivered the opening speech at the 2026 Hong Kong Web3 Carnival. He pointed out that 2026 is an important turning point, as Web3 is maturing, and financial institutions are increasingly using digital assets and tokenization to enhance efficiency, reduce costs, and shorten settlement times. The rise of AI agents this year is another notable milestone, as the intersection of artificial intelligence and technologies like Web3 is changing the game. He further noted that the combination of the two will elevate transaction efficiency to a new level, covering multiple fields such as finance, trade, wealth management, supply chain operations, and logistics, creating vast new opportunities, but also bringing challenges that need to be addressed.
Breaking! RWA has turned from PPT into a product, Hang Seng + HSBC + HashKey join forces! The first tokenized gold ETF in Hong Kong is here
On April 20, the opening day of the 2026 Hong Kong Web3 Carnival 📅, a message more persuasive than any speech came from the venue 📢—— Hang Seng Investment, HSBC, and HashKey Exchange joined forces 🤝 to officially launch the 'Hang Seng Gold ETF Tokenized Non-listed Category', trading code HSGLD. This is not a concept from a PPT 📄, nor a test in a sandbox 🧪. This is Hong Kong's first physically backed gold ETF tokenized product 🥇, fully compliant with trading and custody in Hong Kong 🔐, officially launched today on the HashKey Exchange wealth management channel ✅. At the carnival, HashKey Exchange Group CEO Zhu Haiyang delivered a keynote speech focusing on three key topics: RWA, payments, and Asian connectivity 🎤, announcing this news. His tone was flat, but the information was substantial 📊—— Hang Seng is responsible for issuance, HSBC takes on five roles as the tokenization agent, gold trader, gold custodian, trustee, and transfer agent 🔑, while HashKey is responsible for distribution 🛒.
What He Yi said is the most honest truth that Web3 needs to hear this year.
Yesterday at the Hong Kong Web3 Carnival, He Yi took the stage. It's not that kind of scripted sharing. It was a real and in-depth conversation for over an hour. After the conversation, I had one feeling... Binance is no longer the Binance you thought it was. Let me first say the most explosive line.
He Yi said that Binance's goal, is to grow from 300 million users to 3 billion. 300 million to 3 billion, tenfold. What does this number mean? It means Binance's competitors, It's no longer like other exchanges. It aims at the position of global financial infrastructure. Many people still define Binance as 'crypto exchange'.
The first forum after the license issuance hits hard, the signal is straightforward: AI Agent is working, payment Q2 is scheduled, Crypto is no longer about speculation.
On April 19 at 14:00 ⏰, the themed forum 'Crypto 2026: From Cryptocurrency to Smart Economy', sponsored by Monera Digital and co-initiated by ChainCatcher and RootData, officially opened in Hong Kong 🎤. As an important peripheral activity of the Hong Kong Web3 Carnival, this forum focuses on the paradigm shift under the deep integration of AI technology and the crypto network 🤖⛓️, engaging in in-depth discussions on cutting-edge tracks such as AI Agent economy, smart payments 💳, RWA, and crypto infrastructure. Many partners including Tencent Cloud ☁️, HashKey Chain 🔗, Alchemy Pay 💸, Kite AI, Sentient, Sign, Predict.fun, Monad, Brevis, UXLINK, OneBullEx, SVP Chain, OmenX jointly support this event 🤝. Only 9 days 📅 since the first batch of stablecoin licenses from the Monetary Authority, this is the industry's first public reveal of the cards after the licensing 🃏.
💎 Why are inscriptions popular again? 1️⃣ The Bitcoin ecosystem continues to expand The cumulative fee income of the Ordinals protocol has exceeded 400 million USD, with a total of over 60 million inscriptions minted.
2️⃣ Sector rotation effect Mainstream coins are oscillating at high levels, and funds need an outlet, making inscriptions, a high-volatility track, the first choice for speculative capital.
3️⃣ FOMO sentiment transmission The surge of ORDI has ignited market sentiment, with SATS, RATS, and other smaller tokens closely following.
4️⃣ Fractal BRC-20 hotspot support Fractal, as a second-layer expansion solution for Bitcoin, has driven a new wave of inscription frenzy #美国初请失业金人数低于预期
I've checked out a ton of projects, and a lot of privacy-focused ones keep repeating this line: "On-chain = Privacy." But if you dive into Midnight's docs, you'll find they're focused on another layer: who has the right to see which parts of the data under what conditions. Midnight's architecture uses a combo of UTXO + ZK, but they've also added a mechanism for "explicit disclosure": most transaction details follow the privacy route, and only under specific rules do they open necessary fields for regulators, auditors, or counterparties. This is totally different from just being a "stealth chain"; it's more like they’ve designed privacy, compliance, and auditing right into the protocol. For developers, the Compact language, SDK, and toolchain aren't just window dressing; they abstract "privacy and compliance constraints" into callable capabilities—you're writing business logic, not a bunch of fragile DIY encryption schemes. So when I look at $NIGHT, it feels more like a "privacy infrastructure built for serious applications": it protects the data boundaries of individuals and businesses while leaving verifiable space for regulators/auditors when needed—this balance is something most chains can't touch. This should be the latest direction.
#night $NIGHT A lot of privacy projects keep repeating one phrase: "On-chain = Privacy", but if you dive into Midnight's documentation, you'll find it's concerned with another layer: who has the right to see what data under what conditions. Midnight's architecture employs a combination of UTXO + ZK, but it also adds a mechanism for "explicit disclosure": most transaction details take the privacy path, and only under specific rules will necessary fields be opened to regulators, auditors, or business counterparts. This is completely different from just a "stealth chain"; it’s more like embedding privacy, compliance, and auditing into the protocol from the start. For developers, the Compact language, SDK, and toolchain are not just decorations; they abstract "privacy and compliance constraints" into capabilities that can be directly called upon—you’re writing business logic, not a bunch of fragile homemade encryption schemes. So when I look at $NIGHT , I see it more as a "privacy infrastructure designed for serious applications": protecting the data boundaries of individuals and enterprises while allowing verifiable space for regulators/auditors when needed. This balance is something most chains can't achieve. Feeling bullish.
$SOL The current price of Solana (SOL) is significantly influenced by the international situation. The global economic recovery is slow, with inflation pressures intertwining with expectations of interest rate cuts by the Federal Reserve, leading to cautious sentiment in the cryptocurrency market. Geopolitical tensions (such as the Russia-Ukraine conflict and the situation in the Middle East) have increased demand for safe-haven assets, attracting capital to major currencies like Bitcoin, while SOL is under short-term pressure, falling to a support level of $125-130. On-chain data shows that the SOL ecosystem is highly active, with growth in DeFi and NFT applications, but the recent large unlocks have created selling pressure that the market needs to digest.
From a technical perspective, SOL is in a bull market channel, and if it breaks through the $145 resistance line in the short term, it could see a price increase of 20%-30%, returning to the $160-170 range. International positive news (such as the launch of futures on the Chicago Exchange) could catalyze a rebound. However, if global risks increase, a drop to the $100 bottom is also possible. Recommendation: Gradually buy in the $135-130 range, pay attention to international developments and on-chain dynamics, with a short-term target of $160 and a long-term bullish outlook above $300. Operate cautiously and control your positions. $SOL
$SUI #乌俄停火 Currently, (SUI) is significantly affected by international circumstances. The global economy is under pressure due to easing inflation and fluctuations in the US stock market, while geopolitical conflicts (such as the Russia-Ukraine situation) are intensifying risk aversion. The capital-absorbing effect of Bitcoin is suppressing SUI, with prices hovering around the support level of $2-2.5. On-chain data, however, indicates ecological resilience; although trading volume is low, progress in projects like DeFi and Walrus is boosting confidence, and the destruction mechanism awaits a market recovery to catalyze. From a technical perspective, if SUI can hold the $2 support and break through the $3 resistance, the short-term increase could reach 30%-50%, targeting $3.5-4. International positive factors (such as relaxed US regulations or the launch of IKA) could push it above $5; if global risks escalate, it may drop to $1.5. Recommendation: Gradually buy in the $2-2.2 range, set a stop loss at $1.8, pay attention to US stock trends and on-chain activity, short-term target $4, long-term potential can still reach above $10, and manage positions cautiously.
$DOGE Current (DOGE) is greatly influenced by international circumstances. The global economy is fluctuating due to inflation slowing down and uncertainty surrounding Federal Reserve policies, compounded by geopolitical tensions such as the Russia-Ukraine conflict. The crypto market is seeing a rise in risk-averse sentiment, with Bitcoin dominating the capital flow, and DOGE is under pressure in the $0.14-$0.18 range. On-chain data shows that trading volume is sluggish, and the RSI being oversold indicates a bearish advantage; however, the Musk effect and community activity provide support. From a technical perspective, if DOGE breaks below the $0.14 support, it could drop to $0.10; if stimulated by positive news (such as Musk tweets or loosening of U.S. regulations), it could break the $0.20 moving average, with a potential increase of 30%-50%, targeting $0.25-$0.30. If international tensions ease, year-end bull market expectations could push it up to $0.50. Recommendation: Buy a small amount in the $0.14-$0.16 range, set a stop-loss at $0.12, monitor Musk's updates and global risk events, with a short-term target of $0.25, long-term potential still exists but caution is needed. $DOGE #乌俄停火
$SOL The current price of Solana (SOL) is significantly influenced by the international situation. The global economic recovery is slow, with inflation pressures intertwining with expectations of interest rate cuts by the Federal Reserve, leading to cautious sentiment in the cryptocurrency market. Geopolitical tensions (such as the Russia-Ukraine conflict and the situation in the Middle East) have increased demand for safe-haven assets, attracting capital to major currencies like Bitcoin, while SOL is under short-term pressure, falling to a support level of $125-130. On-chain data shows that the SOL ecosystem is highly active, with growth in DeFi and NFT applications, but the recent large unlocks have created selling pressure that the market needs to digest.
From a technical perspective, SOL is in a bull market channel, and if it breaks through the $145 resistance line in the short term, it could see a price increase of 20%-30%, returning to the $160-170 range. International positive news (such as the launch of futures on the Chicago Exchange) could catalyze a rebound. However, if global risks increase, a drop to the $100 bottom is also possible. Recommendation: Gradually buy in the $135-130 range, pay attention to international developments and on-chain dynamics, with a short-term target of $160 and a long-term bullish outlook above $300. Operate cautiously and control your positions. $SOL