Recapping day 1 of Consensus Hong Kong

Hong Kong is looking to build its digital assets economy, its leaders said on stage. What to know : Hong Kong officials used the opening day of Consensus Hong Kong to signal a push into digital assets, pledging stablecoin licenses as soon as next month and new rules for perpetual contracts. Speakers at the conference framed crypto as central to emerging trends such as an AI-driven “machine economy,” with Financial Secretary Paul Chan envisioning AI agents transacting onchain. Market voices including Anthony Scaramucci and Tom Lee urged investors to look past recent price declines, with Scaramucci reiterating a $150,000 bitcoin target tied to U.S. legislation and Lee calling current conditions a buying opportunity rather than a time to sell.