Crypto Assets Industry Weekly Report: Hong Kong Web3 New Policies, Mastercard Expands Encryption Payment, Bitcoin State-Level HODL Strategy

Macroeconomic Policies and Market Trends

The Hong Kong Special Administrative Region government has released the "Hong Kong Digital Assets Development Policy Declaration 2.0", further refining the development plan in the digital assets sector. The new policy focuses on practical applications and ecological construction, with a particular emphasis on stablecoins and the tokenization of physical assets. It is reported that over 40 institutions have actively responded to this policy.

Payment giant Mastercard has announced the provision of on-chain Crypto Assets purchase services, marking the transition of its encryption strategy from the exploration phase to the actual implementation phase. This initiative will further promote the mainstreaming of Crypto Assets payments, becoming an important part of Mastercard's global financial layout.

Texas has passed two bills to initiate a state-level Bitcoin accumulation strategy. On one hand, the state government will use public funds to purchase Bitcoin and establish an independent reserve fund; on the other hand, it authorizes law enforcement agencies to seize involved crypto assets and lock them for the long term. This dual-track strategy aims to enhance Bitcoin's scarcity, attract top crypto industry players, and set a model for state-level digital asset regulation.

The Trend of AI and Web3 Integration

Industry experts point out that regardless of the development path chosen by the project, it ultimately needs to integrate AI collaborative logic to enhance competitiveness and efficiency. However, Apple's AI strategy has been questioned, with critics arguing that there is a significant gap between its commitments and actual execution.

Information financialization (InfoFi) as an emerging concept is based on blockchain, token incentives, and AI empowerment, aiming to reshape attention value. This underlying paradigm shift may have a profound impact on the future financial ecosystem.

Investment Opportunities and Market Analysis

Multiple early airdrop opportunities have emerged in the Solana ecosystem, attracting investor attention. Meanwhile, Crypto Assets concept stocks have surged in the US stock market, with companies like Circle and MicroStrategy becoming the focus.

Base chain has made significant progress recently, deeply integrating with Coinbase and receiving pilot support from JPMorgan. Several projects within its ecosystem are worth paying attention to. Industry leaders shared what they believe are the most promising Crypto Assets investment targets in the next 3-5 years.

The emerging public chain Codex has launched an innovative stablecoin solution, featuring T+0 foreign exchange, atomic withdrawal channels, and risk-free redemption, aiming to address the challenges of Crypto Assets conversion.

Industry Trends and Controversies

The Celestia project has recently faced multiple doubts, including controversies over executive cash-outs,利益输送, and public opinion manipulation. Although the project party denies these accusations, its ecosystem activity and token performance have both shown a significant decline.

Jump Crypto is undergoing a transformation from a Crypto Assets quant giant to an infrastructure builder, attempting to return to the market center with a new identity. At the same time, a "discount token OTC" scam involving losses of over $50 million has drawn attention, highlighting the risks brought by trust and greed within the industry.

A certain payment platform has attracted regulatory attention due to a large amount of USDT circulation, reflecting the global effort to intensify the crackdown on online fraud, underground payment networks, and illegal cross-border money laundering activities.

Innovation and Outlook

The U.S. government is considering incorporating Bitcoin into the mortgage system, and the private market has already tested this area with a value of $65 million. This initiative could have a significant impact on the mainstream adoption of Bitcoin.

Ella Zhang, the head of YZi Labs, shared the investment philosophy of the institution in an exclusive interview, emphasizing the importance of empathy, barbell investing, and long-termism.

However, internal risks within the industry still exist. Recently, a DAO organization allegedly suffered a $23 million fund manipulation and transfer incident, highlighting the internal threat issues faced by investors in the encryption field.