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 the Hong Kong Web3 sector from October 20 to October 26, 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 News
Hong Kong's Financial Secretary Paul Chan pointed out in his latest essay "From New York to Washington" that during the International Monetary Fund and World Bank Group annual meetings, members of various economies recognized that the influence of digital assets is expanding rapidly…
According to Hong Kong 01, Jean-Francois Mesnard-Sense, Senior Vice President of the Securities Product Development Department at HKEX, stated in an interview that Hong Kong's ETF market liquidity ranks third globally, with an average daily trading volume of nearly HKD 38 billion as of the end of September this year…
According to a press release from the Hong Kong government, Financial Secretary Paul Chan attended the APEC Finance Ministers' Meeting and stated that blockchain technology and artificial intelligence are leading the rapid development of digital financial services, which not only enhance efficiency and reduce costs but also help promote inclusive finance. In the context of the increasing application of digital assets and artificial intelligence in financial services, economies should pay attention to whether such innovations are responsible and sustainable…
According to Hong Kong 01, in response to Bloomberg's report on "HKEX and other major stock exchanges in the Asia-Pacific tightening regulations on crypto treasury (DAT) companies," a spokesperson for HKEX stated, "The HKEX framework ensures that all applicants seeking to list and those already listed have viable, sustainable, and substantial business operations."…
Hong Kong's first Solana exchange-traded fund "Huaxia Solana ETF" approved
According to Hong Kong Economic Journal, the Hong Kong Securities and Futures Commission has officially approved the first Solana (SOL) spot ETF, issued by Huaxia Fund (Hong Kong), making it the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia…
Hong Kong licensed virtual asset exchange HashKey Exchange has launched a regular purchase feature. This feature allows users to automatically buy mainstream virtual assets at fixed frequencies and amounts, with automatic deductions via eDDA…
At the National Committee of the Chinese People's Political Consultative Conference's biweekly consultation meeting on "Promoting High-Quality Agricultural Development with New Productive Forces," National Committee member and Hong Kong Legislative Council member Wu Jiezhuang suggested exploring the feasibility of RWA asset financing based on blockchain technology in the agricultural sector. He proposed, among other things, to establish a "Blockchain Agricultural Special Fund" to subsidize farmers for purchasing lightweight on-chain equipment and to promote cooperation between local governments and financial institutions…
Hong Kong's first Solana spot ETF does not include staking
According to Caixin, the Hong Kong Securities and Futures Commission has recognized the "Huaxia Solana ETF" for listing on HKEX, although Hong Kong's regulations have allowed virtual currency spot ETFs to provide staking services…
According to Hong Kong Economic Journal, the current Executive Director of the Investment Products Department of the Hong Kong Securities and Futures Commission, Cai Fengyi, previewed that the Commission will have multiple optimization measures in the future, including promoting tokenized funds to be traded on virtual asset trading platforms (VATP), and the HKEX fund platform will also increase payment and settlement functions…
Poly Group: Did not participate in Hong Kong stablecoin or stablecoin fund business
According to Sina Finance, Poly Group issued a statement saying that it and its subsidiaries have not organized or participated in any activities related to Hong Kong stablecoins or stablecoin funds. The statement pointed out that the Hong Kong registered entities named "Poly Digital Industry Group Co., Ltd.", "Poly Digital Asset Co., Ltd.", and "Poly Digital Asset Issuance Co., Ltd."…
Industry Observation
[October 2025, Hong Kong] HashKey Chain announced a partnership with the advertising technology project Advertising Time Trace (ATT Global). The two parties will explore the rights confirmation and circulation of advertising-related RWA (Real World Asset), promoting the digitization and valuation process of physical advertising assets on-chain.
ATT Global (Advertising Time Trace) is a Web 3 project that integrates distributed advertising assets, AI IoT, and on-chain payment mechanisms, focusing on transforming physical advertising resources into tradable digital assets. ATT Global has deployed multiple high-traffic LED screens in key business districts in Hong Kong, Indonesia, Thailand, etc., building a new type of advertising network that combines Web 2 traffic and Web 3 settlement capabilities.
AI's Darwinian Moment: When Models Start to Fight for Survival
The process of natural selection has never stopped, and its forms continue to evolve: from "competing for survival," gradually developing into "competition as entertainment" (such as gladiatorial games, the Olympics, sports events, and esports), and ultimately evolving into "accelerator-style competition that drives evolution" (in fields such as technology, media, film, and politics).
Natural selection has always been the core driving force of human evolution, but does the evolution of artificial intelligence also follow this logic?
The development of artificial intelligence is not determined by a single "invention," but is driven by countless "invisible competitions and experiments"—these competitions ultimately filter out the models that survive and eliminate those that are forgotten.
The Landscape of Prediction Markets: How Emerging Players Break the Deadlock?
Prediction markets, financial tools that use collective intelligence to predict future events, are experiencing unprecedented explosive growth from 2024 to 2025.
Platforms represented by Polymarket and Kalshi have repeatedly surpassed daily trading volumes of USD 100 million, with cumulative trading volumes reaching hundreds of billions of dollars, marking a critical turning point for prediction markets from niche tools to mainstream financial markets.
However, beneath the prosperous surface, there are undercurrents. The mid-to-late market of leading platforms and the vast majority of emerging platforms are all troubled by the common problem of insufficient liquidity; regulatory uncertainty looms like the "Sword of Damocles," always being the core risk of industry development; at the same time, emerging platforms are actively exploring differentiated breakthrough paths in fierce competition. Based on this, this article will comprehensively review and analyze the core platforms of Web3 prediction markets.
More than just stablecoin payments, Visa quietly opens the gates to on-chain lending
Stablecoins have evolved from crypto trading tools to infrastructure, and the core questions we are asked every day include: What specific use cases do stablecoins have? What capabilities can they provide that traditional fiat currencies cannot? The most natural starting point is to view stablecoins as a new payment infrastructure and assess their potential benefits—such as instant, 24/7 settlement—especially in the context of cross-border payments and remittances.
While clear opportunities can be seen within the existing payment ecosystem, stablecoins are also assigned the transformative mission of driving the modernization and automation of global lending and capital markets.
The uniqueness of stablecoins lies in their position at the intersection of three massive markets: payments, lending, and capital markets.
Data Insights
Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows
According to ichaingo data statistics, last week the redemption volume of Hong Kong Bitcoin spot ETFs was 103.66 units, with a total holding value of approximately USD 450 million, an increase of about USD 10 million in holding value; the subscription volume of Ethereum spot ETFs was 0.02 units, with a total holding value of approximately USD 130 million, an increase of about USD 6 million in holding value.
Event Information
"Web3 Harbour's SMART CONTACT"
"Web3 Harbour's SMART CONTACT" will be held on October 30 from 18:00 to 20:00 in Hong Kong, hosted by Rebecca. It invites EVG CEO Allen Ng and WHub co-founder Karena Belin for an in-depth dialogue to discuss how to empower the Web3 investor community through accessible institutional-level analysis.
The discussion will explore Hong Kong's changing IPO landscape and its impact on global Web3. Learn how industry leaders are fostering growth and building bridges between the Middle East, Hong Kong, and the broader Asia-Pacific region to jointly shape the future of Web3 innovation and investment.
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