The 'most Crypto' people are becoming the 'least Crypto' (Author: Will Awang). Hong Kong is focusing on RWA and AI, emphasizing financial productization and moving underlying assets onto the chain. Meanwhile, Bangkok is centered around payment channels, integrating stablecoin cross-border settlements into traditional finance, showcasing the 'real-world application' of Web3 infrastructure. AI tags are everywhere, but most focus on scenario-based services rather than clear implementation. Once the channels are laid, the application layer will rise, and stablecoin infrastructure along with Agentic Payment will determine the next stage's winners. Read the full article: https://www.(wublock123.com)/articles/article-58929