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"China Hydropower" explores RWA, aiming to tokenize real mineral resources?

Hong Kong imposes heavy penalties on Crypto Assets OTC Trading merchants: up to 7 years in prison and a fine of 5 million!

On Independence Day, U.S. President Trump signed the "Great America Act," which includes $3.3 trillion in tax cuts and $1.13 trillion in spending cuts, raising the debt ceiling by $5 trillion, sparking widespread controversy. At the same time, he announced the upcoming "Crypto Assets Week," promoting the development of regulations in the crypto industry, demonstrating the strategic importance of Crypto Assets is gradually rising.

In the summer of 2025, a global financial competition surrounding stablecoins is intensifying at an unimaginable pace. As the U.S. Senate historically passes the GENIUS Act, paving the way for the compliance of USD stablecoins and triggering a surge in stock prices for issuers like Circle, a strong shockwave also crosses the Pacific, sparking profound reflection and anxiety from top to bottom in China, which has imposed the strictest bans on Crypto Assets.
From the first public mention by the Governor of the People's Bank of China, to the former Governor's warning about "dollarization", and then to corporate giants JD.com and Ant Group's high-profile announcement of applying for stablecoin licenses, a major debate on "how to respond to the impact of dollar stablecoins" is rapidly unfolding in China's political, business, and academic circles. This is not just a discussion about technical routes, but also a strategic shift concerning future monetary sovereignty and global financial discourse power. In this already ignited global competition, who can break through first?

On the long journey of Web3 towards the mainstream, "payment" has always been the most anticipated yet the most challenging track. For a long time, the industry's dream has been to build a seamless bridge that allows ordinary people to easily use encryption assets in the real world, just like using a credit card.
In June 2025, this dream seemed to welcome two completely opposite footnotes. On one side, payment giant Mastercard, in partnership with oracle leader Chainlink, grandly announced a grand blueprint to enable over 3 billion cardholders worldwide to directly 'swipe cards to buy coins.' On the other side, however, the highly praised U Card star service provider Infini regretfully announced the complete shutdown of all its card payment services, causing an uproar in the community.
On one side are the ambitions of traditional financial giants, and on the other side are the helpless exits of Web3 native explorers. This stark contrast makes us ponder a profound question.

The United States' attitude towards Crypto Assets is becoming increasingly complex. On one hand, it has established a Bitcoin reserve plan, while on the other hand, the Trump family has amassed enormous wealth through its encryption business, leading to conflicts of interest controversies. This intertwining of public and private interests may affect the future direction of U.S. Crypto Assets policy.

Is the cryptocurrency trading powerhouse "boycotting" the US dollar stablecoin? Eight major banks join forces to issue a won stablecoin!

With China shutting down Bitcoin mining in 2021, the global computing power landscape is undergoing profound reshaping. The United States and Russia are vying for dominance in the computing power competition, while small countries like Bhutan leverage cheap electricity to achieve development through mining. Meanwhile, crypto assets giant Tether is also ramping up its involvement in this power game. This competition is not only about technology but also relates to national security and economic strength.

Crypto Assets can be used as collateral to buy a house! The future American dream will be to own 0.1 BTC?

After more than two years of exploration and groundwork, Hong Kong is making a comprehensive push towards its grand goal of becoming a "global digital asset center" with a more determined and systematic approach. In June 2025, the Government of the Hong Kong Special Administrative Region officially released the "Hong Kong Digital Asset Development Policy Declaration 2.0." This landmark document not only continues and deepens the first policy declaration from 2022, but also signifies that Hong Kong's digital asset strategy has officially transitioned from the "testing ground" phase to a new journey of "institutionalization, scaling, and globalization."
The core of the "Declaration 2.0" is the proposal of a four-strategy framework called "LEAP," aimed at building a trustworthy and innovative digital asset ecosystem by optimizing legal regulations, expanding tokenized products, advancing application scenarios, and developing talent cooperation. This series of integrated measures not only provides a clear roadmap for global players to enter the Asian market but also ignites the capital.

The world's largest bank "hard clashes" with stablecoins? Launches "deposit tokens"!

The Web3 development process in Hong Kong is pressing the "fast forward button" at an impressive speed. Just as the market eagerly anticipates the upcoming implementation of the "stablecoin regulation" on August 1, a major piece of news from the TradFi sector has injected a strong wick candle into the city's ambitions for digital assets.
Chinese brokerage giant Guotai Junan International has announced that it has officially obtained approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing license, becoming the first Chinese brokerage firm in Hong Kong to provide comprehensive virtual asset-related trading services. Following the news, its stock price surged by over 70% shortly after the market opened, as the capital market expressed its optimistic expectations for the combination of "compliance" and "crypto" in the most direct way.
This is not just an upgrade of a license, but a symbolic milestone that signifies the acceleration and deep integration of TradFi into Hong Kong's Web.

In 2025, stablecoins will play a key role in the international financial landscape, driving intense competition among the United States, China, and South Korea. The U.S. aims to solidify the dollar's position through the GENIUS Act, China is developing the renminbi stablecoin with a strategy centered around Hong Kong, while South Korea emphasizes domestic autonomous development, collectively influencing the future landscape of digital finance.

Alt season has yet to arrive, are Crypto Assets concept stocks the "hot spot"?

Hong Kong develops tools to track Money Laundering activities involving Crypto Assets! Creating a "Tianyan" for the digital age?

The regulatory stance on Bitcoin varies significantly across U.S. states, with places like Texas and New Hampshire actively legislating to support Bitcoin, while Connecticut completely prohibits government involvement in encryption currency. This division not only impacts the future of the U.S. crypto industry but will also have far-reaching effects on the global development of crypto assets.

Vietnam's legislation recognizes encryption assets: Legalized from 2026!

Back in 2020, during a famous speech at the Bund in Shanghai, Jack Ma made a bold prediction: "Digital Money may redefine currency, just as the iPhone redefined the phone, where calling is just one function." At that time, this statement was seen as a challenge to the TradFi system, indirectly triggering a series of regulatory storms that led to the abrupt halt of Ant Group's record IPO.
However, the course of history is always full of drama. Nearly five years later, Jack Ma's prophecy seems to be accelerating towards reality in an unexpected way. Ant Group, founded by Jack Ma, is actively seeking to apply for stablecoin issuer licenses in multiple key financial centers around the world, including Hong Kong, Singapore, and even Luxembourg in Europe.
This series of actions not only marks this company