punk8185
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Will this cause the offline prices of Labubu to collapse, turning Labubu from young people's first blind box into their first tuition fee? However, does this mean that entering the cryptocurrency space to become a P rookie is a direct advancement?
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On June 18, the Lujiazui Forum will release significant financial policies, focusing on three major directions:
Cross-border payment upgrade: Pilot "digital renminbi + stablecoin" dual-track clearing channel to reduce foreign exchange costs for SMEs;
Shanghai-Hong Kong financial collaboration: Co-establish offshore renminbi stablecoin issuance standards, promote asset tokenization (RWA) for bonds, REITS, etc.
Regulatory sandbox expansion: Expand the scope of blockchain cross-border payment pilot programs to cover the Middle East and 16 ASEAN countries.
Cross-border payment upgrade: Pilot "digital renminbi + stablecoin" dual-track clearing channel to reduce foreign exchange costs for SMEs;
Shanghai-Hong Kong financial collaboration: Co-establish offshore renminbi stablecoin issuance standards, promote asset tokenization (RWA) for bonds, REITS, etc.
Regulatory sandbox expansion: Expand the scope of blockchain cross-border payment pilot programs to cover the Middle East and 16 ASEAN countries.
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In the coming years, the script may be that MicroStrategy of the United States surpasses Berkshire Hathaway of Buffett, and MicroStrategy of Japan surpasses SoftBank of Masayoshi Son. So besides Bitcoin, which impressive coin stock will be born next?
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The Financial Secretary of Hong Kong, Paul Chan, pointed out in his essay "Accelerating Forward and Steady Sailing" that the rise of digital assets has driven the development of related businesses in financial institutions. Hong Kong adopts a more open model, allowing licensed issuers to choose different fiat currencies as the anchor currency for stablecoins. This will help attract various global institutions to issue stablecoins in Hong Kong, enhancing activity liquidity and market competitiveness. There is no doubt that Hong Kong will become an important player in the global stablecoin arena!
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Today everyone is discussing $WLFI, predicting its opening price. Indeed, stablecoins are currently in a big trend, so did you subscribe back then?
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In the past few days, Circle went public and surged fourfold, but both Visa and MasterCard have started to decline. With the smooth progress of the U.S. stablecoin legislation, more and more traditional giants will issue stablecoins or support stablecoin payments to save the considerable payment costs that exist. This wave of revolution has just begun, much like the past decade where new energy vehicles replaced fuel vehicles! The future competition will also be between USD stablecoins and RMB stablecoins. Of course, currently, the USD is far ahead, and the HKD stablecoin is about to be officially launched, while the RMB is still in the darkness before dawn!
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Today, a research institution in the mainland asked me to talk about my views on stablecoins. In fact, the first driving factor for USD stablecoins is mainland regulation. Because after the regulation, people could no longer use fiat currency to deposit, buy coins, and trade coins, it created a demand for USD stablecoins. This was followed by a wave of demand for DeFi Summer, as well as what many people perceive as gray market and black market demand, and recently, the demand from compliance institutions.
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Many people have privately messaged me about the Hangzhou-Hong Kong Science and Technology Building. This is a tech innovation building established a few years ago to promote the synergy between the web3 industries of Hangzhou and Hong Kong. The government subsidizes the rent, aiming to allow Hong Kong web3 projects to implement a front store and back factory model, providing everyone with a home in Hangzhou. ETH HangZhou also holds events here every year, and @Web3LabsClub is incubating projects here. Friends in the web3 community in Hangzhou are welcome to visit! I will be here tomorrow at noon, and the cafeteria will provide plenty of food! Location: 509 Qianjiang Road, Shangcheng District, Hangzhou.
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Many people have privately messaged me asking about the Hangzhou-Hong Kong Science and Technology Building. This is a science and technology building established a few years ago to promote the collaboration between the Hangzhou and Hong Kong web3 industries. ETH HangZhou is held here every year, and @Web3LabsClub also conducts incubation here. Web3 friends in Hangzhou are welcome to come and visit! I'll be here tomorrow at noon, and there's a canteen that serves plenty of food! Location: 509 Qianjiang Road, Shangcheng District, Hangzhou.
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As far as I know, neither Zhejiang nor Hangzhou has taken any special actions against blockchain industry practitioners. In the past few days, I've seen many key leaders in Hangzhou, and everyone seems less sensitive to the blockchain industry and cryptocurrencies. I also asked the public security department, and there were no actions taken; individual cases may be related to fraud prevention. Hangzhou should be one of the most open and inclusive cities in the country. If anyone has concerns, they can move to the Hanggang Technology Building to start their business; the web3 industry is at home in Hangzhou.
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The cryptocurrency working group of the U.S. Securities and Exchange Commission (SEC) held a roundtable today themed 'DeFi and the Spirit of America'.
SEC Chairman Paul Atkins stated that the commission is formulating relevant policies to exempt certain regulatory restrictions applicable to DeFi platforms. All of America is safeguarding the cryptocurrency financial revolution, ensuring that America is great again! Bitcoin continues to lead the charge! Report from the U.S. conference by @MetaEraCN @JessicaMetaEra.
SEC Chairman Paul Atkins stated that the commission is formulating relevant policies to exempt certain regulatory restrictions applicable to DeFi platforms. All of America is safeguarding the cryptocurrency financial revolution, ensuring that America is great again! Bitcoin continues to lead the charge! Report from the U.S. conference by @MetaEraCN @JessicaMetaEra.
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Recently, many people outside the circle have been asking me about stablecoins, no wonder Circle is doing so well 😄
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Which mainstream institutions are optimistic about Web3 in the long term?
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The strategy of the current government in Singapore is to clean house before welcoming guests. It seems that those working in Web3 are not the type they prefer. Although this industry is rife with chaos, the past decade has proven that Web3 is becoming increasingly significant, and cryptocurrencies are becoming more important. Singapore's excessive regulation will only cause it to lose an important growth sector. Will people still choose to develop Web3 in Singapore?
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All cryptocurrency service providers registered or operating in Singapore must cease providing services to overseas clients by June 30, 2025, if they have not obtained a DTSP license. Web3 companies in Singapore are welcome to come to Hong Kong!
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In the past decade, many people have asked me what investment is good, and I said to buy Bitcoin. Some people ask me every time they see me, 'Since it has risen so much, can I still buy it?' I say as long as the money you invest is not needed in the next 5-10 years, you can buy it. However, most people still won't buy it, and the next time they see me, it's the same question again! There are also some outsiders who ask me what is the most profitable in web3, and I say to buy Bitcoin. But they always feel that buying Bitcoin is too easy and doesn't utilize their abilities, wanting to earn more excess returns, and then after a few years, their capital is gone!
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Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act — fueling optimism for stablecoin regulation and crypto equities. With Circle’s blowout IPO, many now see this as the start of a broader wave of crypto public listings.
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