Welcome to the Asia -Pacific morning memory – your essential digestion of night cryptography developments shaping regional markets and global feeling. Take a green tea and look at this space.
Hong Kong advances web3 via corporate stablecoin companies and a regulatory framework of August. Grasing penguins deny OpenSea’s acquisition rumors while Pingou increases 300%. Elizabeth Warren criticizes Trump’s cryptography legislation. Vietnam launches the national blockchain infrastructure.
Hong Kong companies accelerate web entry3 via Stablecoin Ventures
Societies listed in Hong Kong quickly enter the web3 space thanks to Stablecoin strategic initiatives. Fourth paradigm has teamed up with Jiuyang technology to form fancy technology, targeting emerging opportunities in the Stablescoin market. Lion Rise Holdings launched Synagistic Digital Finance Group as its flagship unit. SDFG focuses on interoperable stables and assets of the real world tokenized across Asia. These movements reflect traditional companies listed in accelerating their digital asset innovation strategies.
The Hong Kong Stable Ordinance will take effect on August 1, 2025, establishing complete license plans. The regulations allow free -law issuers to provide designated floors to professional investors. Officials have described this as an important step for sustainable digital asset ecosystems. Hong Kong Monetary Authority has consulted detailed requirements for the fight against money laundering. This regulatory framework positions Hong Kong as a leading web3 center in Asia.
Grassinian penguins denies rumors of OpenSea acquisition in the middle of the overvoltage of the NFT market
Project NFT Les Penguins Grassins officially denied widespread acquisition rumors involving the Opensea market. The Head of Security Beau specified on X that they did not acquire Opensea. Rumors have aroused significant increases in pingou token price between cryptographic communities. Instead of unique acquisitions, fatty penguins focus on expanding partnerships with global brands.
The project is currently collaborating with Lufthansa, Nascar and other major ecosystem growth companies. The Pengued token jumped 300% in July, reflecting larger NFT market recovery trends. NFT’s market capitalization reached $ 6.6 billion, which represents growth of 94% over thirty days. This recovery aligns with an increased speculative demand for memes -based NFT projects.
Warren slams Trump’s cryptography legislation as an error written by industry
Senator Elizabeth Warren has severely criticized the genius law recently signed by President Trump in an interview with Vanity Fair. The Massachusetts Democrat warned that the Americans “will pay the price” for this cryptographic legislation. On the other hand, Warren acknowledged that the United States needed strong cryptographic regulations but condemned “the jamming by bills designed by industry”.
The Act on Engineering provides legal clarity for stablescoins and establishes commercial executives. Banks and main retailers have shown increased interests following the legislation, but Warren compared it to the 2000 law on modern future. This bill left largely unregulated derivatives, contributing to the 2008 financial crisis.
Warren said that crypto lobbying expenses have exceeded everything Washington had seen. It argued that the industry positioned itself to write its own legislation. “We have already seen this film,” said Warren, referring to the role of the traditional bank. When the government works for such industries, “a handful is enriched” while the Americans suffer.
The professor of economics Sergi Basco echoed Warren’s concerns concerning the alleged security of the stablescoin. Warren has also criticized the same Trump ventures and dismantled the unit of application of the cryptography of the doj.
Vietnam is launching the National Blockchain platform for digital infrastructure
Vietnam has launched Ndachain, a blockchain network managed by the government at the service of its growing digital system. The National Data Association built this private blockchain under the control of the Ministry of Public Security. Ndachain has 49 nodes of public validators managed by state agencies and large companies.
The platform corrects centralized data weaknesses thanks to a hybrid design mixing centralized and distributed parts. Ndachain will check transactions in the e-government, finance, health, shipping and education sectors. The network includes NDA made for digital identity checks and the NDAKEY application for an instant identity confirmation. Vietnam aims to prevent digital scams and identity theft via this system.
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