Event direct hit: Big shots fail, regulators strike!
The Hong Kong Securities and Futures Commission has recently focused on the 'hundred-billion tycoon' Qian Fenglei! His stablecoin investment and financing project has been reported to be suspected of illegally selling collective investment plans to the public, and even related companies like Hengfeng International are under investigation.
This matter is not simple—who is Qian Fenglei? A core investor in the Alibaba system, a close friend of Jack Ma, and a 'Web3 evangelist' with 690,000 followers on Douyin, who has now crossed the regulatory red line!
Key risk areas:
No license driving: Hong Kong requires that stablecoin issuances must be licensed, but Qian Fenglei's project is not recognized by the Hong Kong Securities and Futures Commission and is suspected of illegal fundraising.
High-interest traps: Wrapped in 'stablecoin wealth management' promising high returns (similar to the already exploded algorithmic stablecoin schemes), enticing retail investors to take over.
Cross-border risks: Funds flowing through Hong Kong to overseas, once there is a blowout, investors have no way to defend their rights.
Chain reaction: A major earthquake in the crypto world? Don't panic!
Regulatory iron fist strikes at 'wild paths'
Within a week, financial bureaus in places like Zhejiang, Shenzhen, and Beijing urgently issued statements, sharply criticizing 'stablecoin illegal fundraising', naming three major characteristics:
False innovation: Using 'blockchain' and 'Web3.0' to create hype;
False promises: Promoting 'guaranteed profits' and 'annualized 30%';
Real escape: Fund pool operation, new money fills old accounts.
Suzhou directly warns: Participation in virtual currency investments? Losses are at your own risk!
The compliant faction wins easily? USDT, USDC laugh to the end
The United States (Genius Act) has just landed, requiring stablecoins to have 100% reserve + monthly audits, and fly-by-night projects will be wiped out.
Wall Street giants are entering the market: JPMorgan and BlackRock will issue compliant stablecoins, opening a channel for $9 trillion in retirement funds (401k) to buy coins.
Result: As soon as the news broke, BTC surged 2% in a single day, breaking $120,000, and ETH soared 7%! Compliant targets (COIN, IBIT) collectively profited.
Ailes' viewpoint: Behind the storm lie three wealth-making logics!
Compliance is king, don't touch 'dirt dog' projects!
Qian Fenglei's downfall confirms a trend: Global regulatory crackdown on gray stablecoins. The Hong Kong Monetary Authority has stated: 'Sandbox testing ≠ licensing!'
Retail investors remember:
Only recognize 'transparent reserves': USDT, USDC publish audit reports monthly;
Stay away from 'high-interest wealth management': Stablecoins promising principal protection and interest are 90% fund schemes.
Policy dividends = wealth codes
The United States (Genius Act) clearly states: Stablecoins are not securities but payment tools! This means:
Payment giants benefit: COIN (Coinbase) and MKR (DAI issuer) will capture a trillion-dollar market;
Bank stablecoins are about to explode: JPMorgan is about to issue coins, and cooperative exchanges will profit from the traffic.
Bottom fishing for the mistakenly killed Hong Kong concept stocks
The Qian Fenglei incident has dragged down the Hong Kong stock market's cryptocurrency sector (such as Meitu and LanKong Interactive), but these stocks have real business support; panic selling may create a golden opportunity! Focus on two signals:
Progress on Hong Kong license applications (e.g., FoPay claims to apply for a payment license in 2025);
BlackRock and Fidelity increase their holdings in Hong Kong cryptocurrency companies (on-chain whales have started bottom fishing).
Retail survival guide: Three tricks to ensure profit!
Portfolio adjustment to avoid risk:
Immediately liquidate small stablecoins (especially algorithmic types) and switch to compliant coins like USDC and DAI;
Transfer coins to cold wallets or AAVE/Compound for interest, stay away from exchange risks.
Ambush compliant targets:
U.S. stocks: Coinbase (COIN), Circle (CRCL);
Hong Kong stocks: OSL Group (has obtained a Hong Kong license), Meitu (laying out Web3 payments).
Policy arbitrage:
Hong Kong stablecoin licenses are expected to be issued in Q4 2025; early layout of sandbox projects (if FoPay becomes compliant, it may become a dark horse).
Conclusion: Crisis reshuffles, wise ones pick up chips!
The Qian Fenglei incident is not the end of the crypto world, but a signal of accelerated industry reshuffling by regulation! Remember:
Every tightening of policy makes compliant leaders more valuable;
Every time a big shot fails, it makes the market ecology healthier.
I am Ailes, taking you through the fog of the crypto world to seize hardcore opportunities! Click to follow, we will continue to monitor crypto opportunities under the storm of the trade war! What you lack is not luck, but Ailes' top team.