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.

Recently, with Bitcoin reaching a historical high, the cryptocurrency market has shown a clear "capital outflow" trend. While mainstream currencies are fluctuating at high levels, new funds are starting to flow towards assets with higher elasticity. Based on the current market dynamics, hot topics, and capital flow analysis, the three digital assets expected to lead the market in the future are XRP, ADA, and SOL, which are seen as the "trident" in the new round of market activity. As the primary focus, XRP's legal disputes with U.S. regulators have begun to calm down, and this positive news has prompted large institutions such as Grayscale and BlackRock to reevaluate the possibility of increasing their holdings of XRP. At the same time, the continued expansion of the RippleNet cross-border payment network has resulted in a significant triple-digit growth in its actual settlement volume. It is worth noting that the spot ETF application for XRP has been initiated, and if approved, it is expected to attract a substantial influx of funds from the traditional foreign exchange and payment sectors. As a representative of the technical faction, ADA (Cardano) has welcomed an important development opportunity. With the successful completion of the Chang hard fork, Cardano's on-chain governance has entered a new "Voltaire phase." More than $1.5 billion in the community treasury will be used to promote the development of the ecosystem. Additionally, the activation of the first Hydra mainnet channel theoretically could increase transaction processing speeds by up to a hundred times the current level, a breakthrough that is expected to attract numerous DeFi and GameFi projects to migrate to the Cardano platform. With its academic background and low energy consumption characteristics, ADA is increasingly aligned with ESG investment principles, receiving significant attention from various institutional research reports. As a representative of "high-performance public chains", the SOL (Solana) ecosystem continues to evolve. The steady progress of the Firedancer client, coupled with the SVM's implementation of parallel processing, will further enhance the performance and throughput of the Solana network. In current popular areas such as Meme coins, DePIN, and AI, projects on the Solana chain stand out, with the daily active wallet count once again surpassing 5 million, showcasing its strong ecological vitality. Overall, the three major digital assets XRP, ADA, and SOL each have their own characteristics, showcasing unique advantages in compliance, technological innovation, and ecosystem development. As the encryption market continues to mature, these assets are expected to play important roles in the next bull market, bringing new opportunities for investors. However, investors should also keep in mind that the cryptocurrency market is highly volatile, and it is essential to thoroughly consider risk factors when making investment decisions.