香港web3

📰 Crypto Market Hotspot Dispatch

1. New Signals Emerge from U.S. Housing Finance Regulation
The director of the U.S. Federal Housing Administration (FHA) has instructed Fannie Mae and Freddie Mac to study incorporating cryptocurrencies into the scope of assets eligible for mortgage recognition. If implemented, compliant exchange-traded assets such as Bitcoin held by borrowers may, in the future, be directly used for mortgage qualification assessments without needing to be converted into cash first. This development suggests crypto assets are gradually being incorporated into more mainstream financial review frameworks, with market attention focused on how they may affect determinations of asset legitimacy and risk modeling.

2. Hong Kong Advances Tokenized Bonds and DLT Applications
The Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau have released the first-phase review results of DLT applications in the fixed-income market. They believe that the existing legal and regulatory environment already provides sufficient flexibility to support the issuance of tokenized bonds. The next step will be to conduct a legislative review, with emphasis on key concepts such as “possession” and “transfer” of tokenized fixed-income products, as well as electronic issuance documents. The move sends a positive signal that Hong Kong will continue to refine the foundational infrastructure for digital assets and push the tokenization of traditional bond markets onto the blockchain.

3. HashKey and DBS Upgrade Fiat Settlement Capabilities
HashKey Exchange announced that it has enabled settlement accounts opened with DBS Bank and launched fiat on/off-ramp and trading settlement services, while also integrating a corresponding virtual account function under the same name. This service can improve funds identification, automated reconciliation, and the efficiency of fiat deposits and withdrawals—especially suited for institutional clients with high-frequency, large-value, and complex reconciliation needs. This collaboration further deepens the connection between a licensed exchange and the traditional banking system, and also helps enhance funding transparency, separated management, and compliance-oriented risk controls.

4. Record-Low-But-Rising Game: BTC Long-Term Holders’ Supply Hits an All-Time High; Bottom Signals in Focus
On-chain analysis shows that the amount held by long-term Bitcoin holders is nearing 16.1 million BTC, reaching a historical high. This indicates that even during the current price pullback phase, the core cohort of holders continues to absorb supply. At the same time, the long-term holder MVRV has fallen to a level not seen in nearly three years, meaning profit margins have clearly narrowed. Market discussion about “approaching the cycle bottom” is gaining momentum. However, analysts believe that stronger confirmation still depends on whether MVRV continues to enter extremely low ranges and whether the price can hold above the cost basis level of long-term holders.

#BTC #香港Web3 #crypto

📰 Crypto Market Hotspot Dispatch

1. Nasdaq PHLX Gets the Green Light for Bitcoin Options Launch
According to CoinDesk, Nasdaq PHLX has received conditional approval from the SEC to roll out cash-settled European-style Bitcoin index options under the ticker QBTC, pending CFTC clearance. This product will be USD-settled, tracking the CME CF Bitcoin Real-Time Index, and can be traded directly on Nasdaq's existing platform. Compared to traditional large contracts, each option corresponds to 1 BTC exposure, which is expected to enhance participation convenience and accessibility for both institutional and retail investors in the Bitcoin derivatives market.

2. THORChain Hit Again: Governance and Operations Under Scrutiny
Recently, THORChain has faced another security incident, with reports of its Asgard vault experiencing multi-chain rapid withdrawals, resulting in losses of around $10.7 million. The market's focus is not only on the vulnerability itself but also on the fact that the related patches were reportedly already in the codebase but not deployed in time. Continuous security incidents, operational disputes, and compliance risks are weakening external trust in the protocol's governance and risk control systems, making the maintenance responsibilities of decentralized infrastructure a focal point in the industry.

3. HYPE Spot ETF Continues to Attract Capital Flow, Market Interest Intensifies
Data shows that last week, the HYPE spot ETF saw a net inflow of $72.38 million, reflecting a sustained interest in asset allocation. Among them, Bitwise's BHYP and 21Shares' THYP have become the main cash magnets, leading in weekly net inflow size. Currently, the total net asset value of the HYPE spot ETF is nearing $90 million, with historical cumulative net inflow expanding simultaneously. As the capital landscape continues to improve, HYPE is gradually shifting from a trading topic to an observation target for institutional allocation.

4. XRP Spot ETF Attracts Over $22 Million, Asset Scale Continues to Expand
Latest data indicates that last week, the XRP spot ETF achieved a net inflow of $22.04 million, continuing the trend of capital inflow. By product, Franklin Templeton's XRPZ and Canary's XRPC contributed the majority of the increase, showing that mainstream issuance institutions are still enhancing the attractiveness of their products in this space. As of now, the total net asset value of the XRP spot ETF has reached $1.13 billion, with historical cumulative net inflow rising to $1.41 billion, indicating a growing market acceptance of XRP-related compliant investment tools.

5. Hong Kong Strengthens Digital Asset Collaboration, Signals International Financial Connectivity
Hong Kong's Financial Secretary, Paul Chan, indicated that European officials and financial institutions have shown strong interest in Hong Kong as an "underrated market," particularly in sectors like stocks, venture capital, wealth management, and digital assets. He pointed out that Hong Kong has a leading advantage in digital asset regulatory experience, and both sides have agreed to enhance communication on cross-border investment, regulatory collaboration, and financial innovation. This statement further emphasizes that Hong Kong is continuing to solidify its role as a hub connecting the mainland and international capital markets.

#ETF #BTC #HongKongWeb3

📰 Crypto Market Hotspot Dispatch

1. Broadcom's Guidance Falls Short, AI Chain Sentiment Cooldown
Broadcom's latest earnings report showed revenue and profit growth, but the market's focus shifted to its next quarter's AI-related revenue guidance, which came in below consensus expectations, putting pressure on after-hours stock prices. There are concerns that the pace of investments in AI infrastructure may slow down, particularly affecting expectations in the networking and optical module sectors. For the crypto market, a cooling of AI sentiment could short-term impact the risk appetite for tech growth assets but might also prompt funds to reassess sectors with cash flow and practical applications.

2. DBS Bank Joins OSL, Advancing Hong Kong's Compliant Digital Asset Ecosystem
OSL has announced that DBS Bank will serve as its fiat settlement bank for its Hong Kong operations and will open accounts for licensed entities. This means that OSL's compliant banking network is expanding, helping to improve fiat deposit and withdrawal efficiency and enhancing institutional client service capabilities. It also signals a positive trend of traditional large banks embracing compliant digital asset business. Currently, Hong Kong is accelerating the improvement of its licensing, custody, and clearing infrastructure, and such collaborations are expected to strengthen the local market's appeal to institutional funds.

3. U.S. Lawmaker Rebuts Dimon, CLARITY Act Controversy Heats Up
U.S. Senator Cynthia Lummis recently stated that JPMorgan CEO Jamie Dimon's criticism of the CLARITY Act is "completely wrong" and emphasized that his views may be based on a misreading. The controversy centers around stablecoins, anti-money laundering, KYC, and whether crypto platforms should be regulated like banks. This public clash highlights that discussions around U.S. crypto legislation are intensifying. For the market, if the regulatory framework becomes clearer, it could enhance institutional participation, but short-term games may still lead to policy expectation volatility.

4. BitMine Launches $300 Million Preferred Stock Financing, Continuing Bitcoin Financialization Path
Led by Tom Lee, BitMine is advancing a $300 million Series A perpetual preferred stock issuance, offering a 9.5% coupon, with plans for public trading. This move is seen as another case of crypto-related enterprises widening their financing channels amid market volatility and reflects that the path of "supporting Bitcoin strategy with capital market tools" continues. For the industry, while high-yield financing instruments can help supplement liquidity and expand reserves, they also mean companies will face higher dividend and operational pressures in the future, which is worth monitoring.

5. Reve 2.0 Releases 4K Image Model, Low Compute High Control Becomes New Spotlight
Image generation startup Reve has launched its 4K model, Reve 2.0, enhancing image control and editing precision with its "layout" intermediate representation. This model can directly define object categories, locations, and sizes while reducing training and inference compute consumption, showcasing the idea of "image as code." Although this falls under AI development, it also inspires the crypto market: lower costs and stronger programmability in generative tools may lead to deeper integration with on-chain content, AI agents, and digital asset creation scenarios in the future.

#BTC #香港Web3 #AI

🔥 Hong Kong Web3: A New Era of Compliance, Scams are Done for!

Big players in politics and business are gathering, Microsoft is entering the game, Bitroot's CEO teams up with South Korean lawmakers, accelerating a cross-regional policy alliance between Hong Kong and Korea —
Government + Industry + Technology, a three-pronged approach, setting a global benchmark!

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🏦 The Era of Bank-Level Stablecoins
The "Stablecoin Regulation" is in effect, with 36 firms vying for licenses, only 2 approved (HSBC, Standard Chartered's Point Financial), a pass rate below 6%.
Backed by century-old banks, with 100% reserves and bank-level risk control — deposit and withdrawal processes are safe and transparent, saying goodbye to "wild growth."

🛡️ Anti-Fraud Alliance Launched
The Hong Kong Web3 Anti-Fraud Alliance is officially established, combining regulation + enforcement + platforms + major players for a full-chain crackdown:

· All unlicensed and non-operational air projects are to be dismissed.
· Real-time on-chain monitoring and fund tracing, catching scams before they fully surface.
· Industry self-regulation + legal oversight, leaving no hiding place for non-compliant projects.

🌍 A New Global Compliance Benchmark
Full license coverage, proactive stablecoin regulation, international collaboration between government and business, and an established anti-fraud system —
Hong Kong has become the safest, most transparent, and most trusted compliance hub in Web3.

Compliance is king, value returns.
Scams have nowhere to hide, a fertile ground for quality projects, and a safe haven for investors.
Choosing Hong Kong means choosing safety, trust, and limitless future.

#香港Web3 #合规新纪元 #反诈联盟 #bitroot $XRP

Heaven on one side, hell on the other—where do you stand?

Weekend recap, the more I look, the more surreal it feels.

First, let's talk about heaven—Hong Kong.
The Web3 carnival just wrapped up, and the Satoshi statue is up. BlackRock, JPMorgan, Binance, OKX—they're all in. HKD stablecoin, RWA tokenization, officially sanctioned, Wall Street is entering the scene. The era of compliant Web3 in Asia isn’t about 'will they come', it’s 'they're already here'. The institutional bull run script is being written, deal by deal.

Now, onto hell—Trump’s market.
Sun Yuchen is directly going after WLF, 4 billion tokens maliciously frozen, hundreds of millions of dollars just vanished. Black box operations, stablecoin reserves collapsing, they don’t even have a fig leaf left. This isn’t just a cut; it’s a complete uprooting. Those who rushed in for the name 'Trump' now can’t even find a place to cry.

On one side, global regulars are paving the way, on the other, celebrity IPs are cashing in.
One side is a sunny avenue, the other is a bottomless pit.

The crypto space has always been like this: real opportunities are often embedded in compliance and tangible progress; while those balloons inflated by emotions, traffic, and 'big names' will inevitably be popped by a single needle.

You ask me what I’m looking at now?
I’m only watching directions with real narratives and actual capital flowing in. This Hong Kong angle isn’t short-term speculation; it’s the foundation for the next few years. As for those shitcoins, celebrity tokens, and air projects, let those who love to gamble do it—I’m not participating.

You choose your hell, I’ll walk my heaven.

#香港Web3 #合规叙事 #远离土狗 $CHIP

It's been 3 days since the Web3 Carnival in Hong Kong. To be honest, I'm a bit tired, but more importantly, it's been fulfilling.
This is my first time attending such a large-scale industry event, and my biggest takeaway is that the people in Web3 are truly not lying flat. Whether it's RWA or the privacy track, everyone is trying to find ways to implement technology rather than just炒概念. Yesterday, I attended a roundtable discussion on "RWA x Privacy" where several guests had a very down-to-earth conversation without the usual jargon, just discussing how to really encourage traditional financial institutions to use blockchain.
Hong Kong is quite interesting; during the day at the venue, we discuss DeFi and compliance, and in the evening, standing at Victoria Peak looking at the night view of the harbor, it feels like this industry is both avant-garde and grounded. The convention center is bustling with people exchanging business cards, adding WeChat, discussing projects, and exploring collaborations; this face-to-face interaction is something that online platforms can never offer.
The biggest gain over the past few days isn't a specific project, but rather confirming one thing: this industry is still evolving rapidly, and the direction is becoming clearer. Keywords like compliance, institutionalization, and practicality keep coming up.
If you are also on-site and want to communicate, feel free to add me, follow me, and trade with me.
#香港Web3嘉年华 #香港web3 #香港 #Web3