On Monday (August 25), Tokyo, Japan, welcomed the annual global event of the cryptocurrency industry—the WebX Summit, attracting project teams, capital institutions, and ecological partners from around the world. The summit focused on topics such as Web3 technology innovation, digital asset compliance, and cross-regional collaboration, providing an important communication platform for the industry.
During the keynote speech, BitMEX co-founder Arthur Hayes bluntly stated that he expects the HYPE token to grow 126 times in the next three years. Hayes pointed out that the expansion of stablecoins will drive the annual trading fees of the decentralized exchange from the current $1.2 billion to $258 billion.
Driven by this statement, the price of the HYPE token saw a counter-trend increase on Monday. As of 6 PM, the HYPE token had risen about 5% in 24 hours, trading around $45.6, with an intraday high of $47.365.
In addition, Dr. Han, founder and CEO of Gate, also shared his thoughts on global cryptocurrency industry trends and platform strategies during the conference.
Dr. Han stated that the next generation of financial order will be built on-chain, and the popularization of Web3 is not a choice but an inevitable trend. He emphasized that the large-scale promotion of Web3 relies not only on technological breakthroughs but also on the joint efforts of user experience, regulatory policies, and industry collaboration. Dr. Han also shared his observations on the future development of the global cryptocurrency industry, suggesting that lowering the entry barriers for users and institutions is a key direction for promoting the implementation of Web3.
Not long ago, Gate just activated its international domain Gate.com and completed a brand upgrade. This is Gate's first large official event in the Asia-Pacific region after the new upgrade. As the title sponsor of this conference, Gate will also hold an exclusive VIP side event in Tokyo on Tuesday (26th), inviting project teams, capital institutions, and ecological partners from the Asia-Pacific and globally to engage in in-depth discussions on regional collaboration and Web3 development opportunities.
Currently, Japan is accelerating the promotion of cryptocurrency assets and blockchain development. As a sign of the high importance placed on this summit, Japanese Prime Minister Shigeru Ishiba also attended in person. In his speech, Ishiba revealed, "To further support innovative technologies, the Japanese government is strengthening the 'Five-Year Plan for New Venture Development.' This plan focuses on Web3, AI, digital industries, creative industries, and the application transformation of AI in manufacturing, agriculture, and fisheries. At the upcoming Osaka Kansai Expo, Web3 technology will also be practically applied to further promote its social experiments and innovative potential. Future history books will record the 2020s as the starting point of a new round of industrial revolution, with Web3 and AI as the core technologies of this wave of revolution."
Related: Major changes in the cryptocurrency derivatives market: Trading volume surges by 46%! Who is quietly taking away your "giant" share?
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