Hong Kong Web3 Daily Must-Read: The China Securities Regulatory Commission requires brokerages to suspend RWA tokenization business in Hong Kong, UXLINK was hacked.
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[The chairman of the Hong Kong Economic Research Institute, Shi Zhu, stated that the "Hong Kong and Guangdong R&D + Hong Kong Tokenization + Global Investment" model aims to attract more resource aggregation through successful cases. Looking ahead, Shi believes that the Greater Bay Area, which gathers top technologies from the US and China, China's vast market, and abundant global capital, will undoubtedly become a global super incubator for biotechnology.]( Creating a Global Biotechnology "Super Incubator"
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[]( Creating a Global Biotechnology "Super Incubator"
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]( RWA Tokenization Business
The Chinese securities regulatory authority has suggested that some local brokerages suspend their real asset (RWA) tokenization business in Hong Kong, reflecting Beijing's concerns about the overheating of the offshore digital asset market. RWA tokenization typically involves converting traditional assets such as stocks, bonds, funds, and even real estate into digital tokens that can be traded on the blockchain. In recent months, several Chinese companies, including brokerages, have launched related products in Hong Kong.
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[DAT
]( Selected Activities in Hong Kong for September
We have specially compiled noteworthy activities in the cryptocurrency field in Hong Kong for September, which will open a window to the future of Web3 for you.
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[]( Selected Activities in Hong Kong for September
We have specially compiled noteworthy activities in the cryptocurrency field in Hong Kong for September, which will open a window to the future of Web3 for you.
Many attribute the rise of Digital Asset Treasury (DAT) to a technological phenomenon; however, if we combine the rise of DAT with the direction of the macro economy, we can see that DAT is actually a strategic response from enterprises to the paradigm shift in the global macro economy in the post-pandemic era.
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Many attribute the rise of Digital Asset Treasury (DAT) to a technological phenomenon; however, if we combine the rise of DAT with the direction of the macro economy, we can see that DAT is actually a strategic response from enterprises to the paradigm shift in the global macro economy in the post-pandemic era.
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Many attribute the rise of Digital Asset Treasury (DAT) to a technological phenomenon; however, if we combine the rise of DAT with the direction of the macro economy, we can see that DAT is actually a strategic response from enterprises to the paradigm shift in the global macro economy in the post-pandemic era.
<h3 dir=)[Seoul police reported that the cross-border fraud gang "Lungo Company" was arrested in Pattaya, Thailand, with an involved amount exceeding 21.1 billion Korean won (approximately 15.1 million USD), affecting nearly 900 South Koreans. The gang employed various methods such as romance scams, virtual currency fraud, and impersonating public officials, and strictly controlled the members' lives within the resort. Currently, 25 members have been arrested, some of whom have been extradited to South Korea, while the leader remains detained in Thailand, and the police are investigating the source of their database and money laundering channels.
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[]( 21.1 billion Korean won <p class=)[According to Jinshi reports, the Bank of Thailand stated that cryptocurrency trading may affect the exchange rate of the Thai baht.
[French bank Societe Generale's crypto subsidiary FORGE has chosen Bullish Europe as the launch exchange for its US dollar stablecoin CoinVertible (USDCV). USDCV has been launched on Ethereum and Solana, regulated under the EU MiCA. Due to the lack of relevant regulations in the US, USDCV is currently not open to US users. FORGE is continuously expanding the number of exchanges and brokers that can directly mint and redeem this stablecoin, with 10 to 15 currently in the queue for integration.
]( Bullish Europe Launches Its US Dollar Stablecoin <p class=)
[]( Bullish Europe Launches Its US Dollar Stablecoin <p class=)[Slow Mist founder Yu Xian tweeted that the UXLINK hacker may have encountered a phishing attack from Inferno Drainer. "The approximately 542 million UXLINK previously stolen may have been phished away by Inferno Drainer using ordinary authorization phishing methods."
]( Hacker May Have Encountered Inferno Drainer Phishing Attack <p class=)
[]( Hacker May Have Encountered Inferno Drainer Phishing Attack <p class=)[Bitcoin mining company CleanSpark has obtained a $100 million credit line from Coinbase Prime, using its held Bitcoin as collateral. The company plans to use these funds to expand its energy business portfolio, enhance Bitcoin mining operations, and invest in high-performance computing facilities.
]( CleanSpark Obtains $100 Million Credit Line from Coinbase Prime <p class=)
[In-Depth & Outlook]( CleanSpark Obtains $100 Million Credit Line from Coinbase Prime <p class=)
It is difficult to assert which of Polymarket and Kalshi will come out on top in the future, but based on everything discussed, the view that these two platforms can at least coexist peacefully for several years should not be too controversial. They already do, and their short-term goals are clearly different, positioned at opposite ends of the centralized and decentralized spectrum.
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Opinion
]( Prospects of Stablecoin Crypto Payment Track
As the underlying layer for future AI agent collaboration, Ethereum is expected to help us transition from the current highly centralized AI system to a censorship-resistant, truly decentralized future. At that time, the combination of payment chains, stablecoin settlements, and AI-driven value innovation will give rise to more interesting super applications (SuperApps).
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[]( Prospects of Stablecoin Crypto Payment Track
As the underlying layer for future AI agent collaboration, Ethereum is expected to help us transition from the current highly centralized AI system to a censorship-resistant, truly decentralized future. At that time, the combination of payment chains, stablecoin settlements, and AI-driven value innovation will give rise to more interesting super applications (SuperApps).
If you are seeking high Beta (high risk, high return) cryptocurrency investment opportunities that require practical application support, continuous institutional capital inflow (Solana ETF application wave), extremely low transaction fees (0.01%), and ecosystem maturity, then Solana will be an asset worth buying and holding.
