China's September S&P Global Manufacturing PMI

"BTC is not a threat to the US dollar, what is really threatening the US dollar is the behavior of the current Biden administration."

ESG 𝟑 Reasons Why One Thing Doesn’t Produce Results 𝟏: Is the letter deep enough? 𝟐: Not firm enough 𝟑: Not hard enough Wherever you are-- Focus on positioning and targeting down to earth is important [Come on] [Come on] [Fist] [Fist] [Victory] [Victory]​​​​

This article will start from 7 basic issues to explain the issuance logic, technical framework, regulatory rules and potential impact of the Hong Kong dollar stablecoin, and take USDC as an example to analyze the future operating mechanism of the Hong Kong dollar stablecoin.

On July 3, a number of experts and scholars concerned about Hong Kong’s Web3 published a joint signed article in Ta Kung Pao, strongly proposing that the Hong Kong SAR government issue a Hong Kong dollar stable currency backed by Hong Kong’s foreign exchange reserves to promote financial technology innovation and enhance the competitiveness of the financial market , so that Hong Kong can maintain its competitive advantage in the digital economy era. At the end of June, Okey Cloud Chain Research Institute also published a special article entitled "Seven Questions on Hong Kong Dollar Stablecoin: Issuance Logic, Regulatory Rules and Potential Impact" on Caihua News, the most well-known financial media in Greater China, and communicated with all walks of life. Share your observations and thoughts on Hong Kong dollar stablecoins.

As Bitcoin sets new historical highs, the cryptocurrency market shows a clear trend of capital flow. While mainstream coins fluctuate at high levels, newly added funds are starting to shift towards assets with greater growth potential. Based on current market dynamics, narratives, and capital flows analysis, the three cryptocurrencies most likely to lead the market upward in the future are Ripple (XRP), Cardano (ADA), and Solana (SOL). These three cryptocurrencies form the "trident" lineup in the new bull run. Ripple (XRP) is fully leveraging its regulatory advantages. As the disputes with U.S. regulators gradually subside, several well-known institutional investors are reassessing their holdings of XRP. The RippleNet cross-border payment network continues to expand, with actual transaction volumes showing significant growth. Additionally, the application for an XRP spot ETF has begun, and once approved, it is expected to attract substantial inflows from the traditional foreign exchange and payment sectors. Cardano (ADA) is ushering in a breakout opportunity as a representative of technological strength. With the completion of the Chang hard fork, its on-chain governance has entered a new stage, and over $1.5 billion in the community treasury will be used for ecosystem development. The activation of the Hydra mainnet channels has significantly enhanced network performance, attracting numerous DeFi and GameFi projects. With its academic background and low energy consumption characteristics, ADA is gradually becoming a hot spot for ESG investments, favored by institutional investors. Solana (SOL) continues to solidify its position as a "high-performance public chain." With the steady progress of the Firedancer client and the implementation of SVM parallel processing, the performance and throughput of the SOL network are expected to improve again. In popular areas such as Meme coins, decentralized physical infrastructure (DePIN), and artificial intelligence, the SOL ecosystem has performed exceptionally well, with the number of daily active wallets once again surpassing 5 million. As the encryption market enters a new stage of development, these three cryptocurrencies each have their own characteristics and are expected to play an important role in the future market. Investors and market participants should closely monitor their development trends while carefully assessing potential risks.