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Significant Progress in the Hong Kong Virtual Asset Sector: A Review of 2024 In 2024, Hong Kong achieved several significant breakthroughs in the virtual asset sector, showcasing its determination to become Asia's leading digital asset hub, from the improvement of regulatory frameworks to the launch of innovative products. Spot cryptocurrency ETFs make their debut In April, the Hong Kong Securities and Futures Commission officially approved the first batch of virtual asset spot ETFs, including Bitcoin and Ethereum products. This marks the first time such investment tools have been launched in the Asian market, especially the Ethereum ETF, which is a global first, highlighting Hong Kong's leading position in digital asset innovation. Progress of Virtual Asset Trading Platform License In June, as the transition period nears its end, several virtual asset trading platforms are actively applying for licenses. Although some well-known platforms have chosen to withdraw their applications, this process is still driving the industry towards a more standardized direction. The development of the stablecoin ecosystem July,

Latest Updates and Thoughts on the DeFi Ecosystem Recently, a series of important events have occurred in the DeFi field, ranging from regulatory easing to governance attacks, from stablecoin decoupling to the development of new chain ecosystems, presenting a complex and changing landscape. This article will sort and analyze these events, exploring their impact on the future development of DeFi. sUSD decoupling issue continues Since the SIP-420 proposal was passed, sUSD has shown a significant depegging phenomenon, recently even dropping below $0.9. The proposal introduced a "delegation pool" mechanism aimed at improving SNX minting efficiency and reducing liquidation risk. However, this design has also brought some issues: 1. The market still lacks confidence in the endogenous collateral of SNX-sUSD. 2. The increase in sUSD supply has led to a serious imbalance in the Curve pool. 3.

The Ethereum documentary "Vitalik: The Story of Ethereum" is about to be released, focusing on founder Vitalik Buterin and the development of its ecosystem. This documentary advocates a decentralized film distribution model through on-chain financing, combining technology with humanity to enhance audience engagement. It is expected to premiere globally in September 2023 and expand to streaming platforms in 2024.

🇺🇸 BREAKING: Trump says he'll appoint a new Fed governor and Bureau of Labor Statistics chief this week.

A blockchain investment company has released its top ten predictions for the crypto market in 2025, covering areas such as Bitcoin and Ethereum prices, emerging financial instruments, policy changes, and technological advancements, demonstrating strong growth potential for the future market.