Welcome to read Techub News's "Weekly Highlights of Hong Kong Web3." In this week's report, we will summarize the significant events and developments in Hong Kong's Web3 sector from August 25 to August 31, along with the latest data insights and detailed event previews, helping you quickly and comprehensively understand the progress in Hong Kong's Web3 field last week.
Hot Topics
According to Hong Kong 01, the Chairman of the Hong Kong Investor and Financial Education Committee, Du Kan-kun, stated in a recent interview that the main use of stablecoins is as a cross-border remittance tool. If widely accepted by society in the future, it may reduce cross-border payment costs…
Hong Kong Legislative Council member Wu Jiezhuang tweeted that Hong Kong is actively building an international digital asset center, balancing innovation and compliance for enterprises. He also believes that the combination of capital markets and the digital asset industry will bring new momentum to the market. DePIN combines blockchain with the real economy, which is expected to reshape the Internet of Things, energy, transportation, etc….
Hong Kong-listed company China Financial Leasing Group released its interim performance report for the period ending June 30, 2025, disclosing that the continued weakness of the US dollar has triggered a rise in Bitcoin, and the company has begun to pay attention to the cryptocurrency market…
Hong Kong Legislative Council member and member of the Stablecoin Bill Committee Huang Junshuo stated, "Regulators should complete the licensing of stablecoin issuers as soon as possible after improving the review process and publish the list of licensed issuers, allowing the public to use and invest safely under legal protection."…
According to Securities Times, Hong Kong Monetary Authority Vice President Chen Weimin stated at the 7th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum that the HKMA actively encourages mainland enterprises to establish overseas business headquarters and corporate treasury centers in Hong Kong to coordinate the allocation of overseas funds…
Eric Trump: China is also a "powerful force" in the cryptocurrency field
At Bitcoin Asia 2025 Hong Kong Day 2, Eric Trump, son of former US President Donald Trump, stated, "There is no doubt that China is an extremely powerful country in this world," and he also mentioned…
At Bitcoin Asia 2025 Hong Kong Day 2, Eric Trump stated, "The price of Bitcoin will reach $1 million in the future; Fortune 500 companies, sovereign funds, and top global banks are buying in; this game has just begun"…
At Bitcoin Asia 2025 Hong Kong Day 2, Binance founder Zhao Changpeng stated, "Regarding the recent phenomenon of more and more companies using Bitcoin as treasury assets, I believe its significance is no less than that of cryptocurrency ETFs. Digital Asset Treasury Companies (DAT) allow traditional investors to gain Bitcoin risk exposure through the stock market, which is a typical case of the two-way integration of crypto and traditional financial markets."…
Chen Maobo: The HKMA is preparing to issue the third batch of tokenized green bonds
According to Hong Kong Wen Wei Po, Hong Kong Financial Secretary Chen Maobo stated yesterday at the "FinTech Forum 2025" that Hong Kong will create a new digital financial ecosystem with an "innovation-oriented" strategy. He also revealed that the HKMA is preparing to issue the third batch of tokenized green bonds…
The Hong Kong Digital Asset Listed Companies Association (HKVALA) held its founding conference yesterday in West Kowloon, Hong Kong, attended by government officials and Legislative Council members who delivered speeches. Jingbeifang, as a representative of the A-share market's fintech companies, attended and served as the vice president of the association, while Nano Labs founder Kong Jianping was appointed as the honorary president of the association…
According to Ming Pao, Hong Kong-listed company Guotai Junan International (1788) announced the launch of cryptocurrency trading services. After customers open a cryptocurrency account, they can immediately trade various cryptocurrencies, including Bitcoin, Ethereum, AVAX, LINK, and SOL. Customers with professional investor (PI) qualifications can choose advanced investment targets…
According to Bloomberg, former central bank governor Zhou Xiaochuan warned in a closed-door meeting in mid-July that stablecoins could trigger speculative behavior, thereby undermining financial stability. Zhou pointed out that stablecoins have limited advantages in cost compared to China's existing retail payment systems, and the claim that traditional cross-border payments are "extremely costly" may be exaggerated. He also mentioned the regulatory frameworks in the US, Hong Kong, and Singapore…
According to Bloomberg, Eric Yip, Executive Director of the Hong Kong Securities and Futures Commission, and legislator Johnny Ng have withdrawn from the speaker list of the Bitcoin Asia conference…
The "Hong Kong Blockchain Summit Forum," co-hosted by New Fire Technology and the Greater Bay Area Financial Association, grandly opened at the Grand Hyatt Hotel in Hong Kong. National Committee member and Chairman of the Hong Kong Legislative Council's Web3 and Virtual Asset Development Subcommittee Wu Jiezhuang delivered a keynote speech, stating that RWA is a direction that Hong Kong should vigorously promote…
The Hong Kong Securities and Futures Commission (SFC) published its quarterly report for April to June 2025. In terms of digital assets, the number of recognized virtual asset spot ETFs by the SFC has increased from six to nine. To further expand the variety of virtual asset products, the SFC will be the first in the Asia-Pacific region to approve three virtual asset spot ETFs to participate in staking activities under appropriate investor conditions…
The Hong Kong Digital Asset Listed Companies Association (HKVALA) held its establishment ceremony in Central, Hong Kong. National Youth Federation member, President of the HKVALA, and Co-CEO of Guofu Quantum Innovation Co., Ltd. (00290.HK) Zhang Huachen stated in his speech that the establishment of the association is an important milestone in the development of Hong Kong's digital asset industry…
Hong Kong Legislative Council member Wu Jiezhuang stated in a program interview that Korean companies are interested in participating in the development of Hong Kong's virtual asset market…
Hong Kong company Boyaa Interactive purchases 290 Bitcoins for $33 million
According to Bitcoin Magazine, Hong Kong-listed company Boyaa Interactive has purchased 290 Bitcoins for a transaction amount of $33 million…
According to Ming Pao, Hong Kong-listed company Lujing Technology announced that it plans to establish a framework cooperation agreement with a tech company in Hong Kong. The two parties intend to cooperate on the tokenization of real-world assets (RWA) using cultural and creative intellectual property as related assets and other digital asset projects…
According to Caixin, the Hong Kong Monetary Authority recently issued a circular confirming that it will fully implement the new capital requirements for banks based on the Basel Committee's regulatory standards for crypto assets in Hong Kong starting January 1, 2026…
Industry Observations
Hong Kong, August 29, 2025—The second Bitcoin Asia 2025 conference grandly opened on August 28 at the Hong Kong Convention and Exhibition Centre, attracting over 17,000 cryptocurrency enthusiasts from around the world, setting a historical high for Bitcoin-themed events in Asia. Eric Trump, son of former US President Donald Trump, served as the keynote speaker and engaged in an in-depth dialogue with host Tracy Hoyos-Lopez, sharing his firm belief in Bitcoin, predicting its price will soon reach $1 million, and elaborating on his strategic layout in projects like American Bitcoin, Meta Planet, and World Liberty Financial. He emphasized that Bitcoin is not only "digital gold" but also the cornerstone of global financial freedom, set to reshape the traditional financial system. This dialogue ignited enthusiasm in the audience and added international attention to Hong Kong's status as an Asian digital asset center.
As soon as Eric took the stage, he expressed gratitude for Hong Kong's warm hospitality: "From the moment I arrived, I felt unparalleled warmth. This is the best event I have ever experienced!" He praised the diversity of the summit attendees: "Bitcoin connects the whole world; you can't find a more diverse group than this. We all believe it is the future of finance." He views Bitcoin as a bond for the global community, connecting people from different countries, cultures, and economic backgrounds, laying the foundation for financial transformation.
Eric shared his transition from the real estate industry to the cryptocurrency field: "Three years ago, 90% of my energy was focused on hard assets like hotels and golf courses. Now, 70% of my time is invested in digital assets because they are faster, more explosive, and have huge profit potential." He pointed out that the liquidity of Bitcoin far exceeds that of traditional assets: "Selling a hotel takes a year and a half and involves countless intermediary fees. Bitcoin, on the other hand, can transfer millions of dollars globally in seconds." He emphasized that Bitcoin's limited supply of 21 million coins and its immense computing power protection make it the best hedge against inflation, deserving the title of "digital gold."
“The Battle for Stablecoin Infrastructure: 6 Major Projects Compete, Who Will Stand Out?”
Stablecoins are dominating the headlines in 2025. This raises the question of which blockchain network will support and promote this asset class. As tokenized dollars continue to gain acceptance and regulation, six upcoming Layer 1 blockchains are seeking to join the competition, vying against established stablecoin networks like Ethereum, Tron, Solana, and Base.
These blockchains include Plasma, Codex, 1Money, Arc, Stable, and Monad, which recently acquired Portal Labs, each with different designs and visions to penetrate this thriving industry.
This comparative analysis strips away marketing noise and examines these networks from the following aspects: architectural innovation, consensus mechanisms, performance metrics, specialized features, and development momentum. We will use these findings to assess their positioning in the stablecoin economy.
According to Citigroup's forecast, the market size will reach $3.7 trillion by the end of this decade, with over $277 billion in stablecoin market capitalization up for grabs, making the stakes higher than ever. The winner will not only become another alternative Layer 1 but, considering the momentum behind stablecoin adoption, may become the infrastructure that redefines the flow of funds in the digital age.
“The Insider Trading Clouds Behind the 'Coin Hoarding Craze' of US-listed Companies”
In mid-July this year, the stock price of cancer drug development company MEI Pharma suddenly surged. The spike in this company, which has been listed on NASDAQ since 2003, was not due to the discovery of a new cancer drug but rather its decision to purchase $100 million worth of Litecoin as a reserve asset.
After announcing the cryptocurrency purchase, MEI Pharma became the latest company to use the "cryptocurrency reserve" strategy to boost its stock price: when a publicly listed company incorporates cryptocurrency into its balance sheet, traders often buy large amounts of the company's stock, causing its market value to grow far beyond the cost of its cryptocurrency purchase. From the day the news was announced, MEI Pharma's stock price rose from $3 to $7, which in itself was not surprising.
However, what was unexpected was that MEI Pharma's stock price nearly doubled in the days leading up to the official announcement. During this period, the company did not submit any substantial updates to the U.S. Securities and Exchange Commission (SEC) nor did it issue a press release, and there was almost no buzz on social media.
MEI Pharma is not the only company that experienced unusual stock price increases before announcing a cryptocurrency strategy. Fortune magazine found that several other small publicly listed companies exhibited similar phenomena. Finance professors, investors, and other CEOs believe this indicates that some insiders may have received advance knowledge of the news and traded ahead of time.
"In my view, it is indeed suspicious," said Xu Jiang, a Duke University professor who studies insider trading in public markets. "As far as I know, many insider trading cases exhibit this pattern." However, he also noted that without a thorough investigation, it cannot be definitively concluded whether insider trading actually occurred.
“Trump Family Bets Big on CRO, ZachXBT Hints at Unpublished 'Dark History'”
U.S.-listed company Yorkville Acquisition Corp. (NASDAQ: YORK), Trump Media Technology Group (NASDAQ/NYSE Texas: DJT), and the U.S. cryptocurrency exchange Crypto.com have reached a business merger agreement to jointly establish "Trump Media Group CRO Strategy, Inc.," a digital asset reserve company focused on acquiring Cronos token CRO.
The company's total capital scale reaches $6.42 billion, including $1 billion in CRO (6,313,000,212 tokens, accounting for 19% of market value), $200 million in cash, $220 million in warrant cash, and a $5 billion equity credit line. Upon completion of the business, the three parties will jointly hold a majority stake as founding partners, making it the world's first and largest publicly listed CRO reserve company. Following the announcement, the price of CRO briefly reached 0.236 USDT, with an intraday increase of 54%.
Data Insights
Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows
According to ichaingo data statistics, last week, the subscription volume for Hong Kong Bitcoin spot ETFs was 55.08 units, with a total ETF holding value of approximately $480 million, a decrease of about $5.72 million in holding value; the subscription volume for Ethereum spot ETFs was 1,395.69 units, with a total ETF holding value of approximately $129 million, an increase of about $8.18 million in holding value.
Event News
Web3 Frontier: Navigating the Cryptocurrency Landscape with a Spotlight on Stablecoins
Hosted by the Financial Services Committee of the Hong Kong Canadian Chamber of Commerce, the conference will be held on September 4 in Hong Kong. It will feature a panel discussion focused on Web3/cryptocurrency/stablecoins, aimed at interpreting the Web3 ecosystem in Hong Kong and other regions. We will focus on current development trends in the Web3 industry, investment strategies, investment trends, insights on how institutions and family offices can participate, as well as considerations and challenges faced by practitioners and investors.
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