Weekly hot search | "Hong Kong" New Deal, Web3 feast is coming?

"Hong Kong" Securities Regulatory Commission's "Guidelines for Operators of Virtual Asset Trading Platforms" will come into effect on June 1.

Written by: Frank, Foresight News

Cartography: Kiet, Foresight News

Note: "Hot Searches of the Week" counts the search results of Foresight News users from last Friday to this Friday (May 19th to May 25th), and merges the capitalization of the same concept.

“Hong Kong” reached the top of the hot search list this week and became the biggest hot spot in the market, except for the rebound of Hong Kong concept coins such as “CFX” in the secondary market and a QR code on CCTV to stimulate market sentiment , regulatory moves are more worthy of attention, especially the "Guidelines for Operators of Virtual Asset Trading Platforms" that will come into effect on June 1.

Among them, retail trading services, that is, whether retail investors can buy and sell cryptocurrencies, have received the most attention. The Hong Kong Securities Regulatory Commission also stated that it has "considered the proposal to relax specific regulations for establishing business relationships with retail customers." Before providing services to retail investors, a series of measures covering business relationships, governance, disclosure and token review must be followed (extended reading "Focus! Key Information List of Hong Kong Virtual Asset Trading Platform Regulatory Documents", "Key Points | Hong Kong "Crackdown Money Laundering Guidelines "Revised Quick Read").

The specific time seems to be settled this year - Cai Zhonghui, the interim director of the Intermediary Department of the Hong Kong Securities Regulatory Commission, said that there is currently no platform for retail investors to buy and sell virtual assets. Trading on licensed trading platforms. As of now, relevant companies have begun to announce that they will provide similar services for retail users:

• Hong Kong's ZA Bank announced plans to launch virtual asset trading services to retail investors. By partnering with a local licensed virtual asset exchange, it will seek regulatory approval to enable retail investors to trade using fiat currencies through the ZA Bank App. the sale and purchase of virtual assets;
• 「OKX」 has completed the APP upgrade, which can provide Hong Kong users with virtual asset spot trading services, and cooperates with the Hong Kong Virtual Asset Service Provider (VASP) regulations to support Hong Kong users to buy, sell and hold 16 mainstream virtual assets asset spot;

“zkSync” and “Starknet” are both on the list as representative projects of the “ZK” series, but zkSync has no major project progress. The news worthy of attention is that Matter Labs has hired a former Michael Lee, Blizzard's vice president of communities, serves as its senior vice president of growth, focusing on bringing the game to its zkSync.

And Starknet announced that its main network has started running on v0.11.1, and plans to launch the v0.11.2 test network next week, after which it plans to arrange the main network launch time.

The momentum of 「Blur」 is still very strong. On the one hand, its Blend continues to support the expansion rhythm of more 「NFT」 series, and has occupied 82% of the NFT lending market. Dominance - The loan volume reached 169,900 ETH (about 308 million U.S. dollars) within 22 days of launch, and a "partial repayment" function was also added. For NFTs purchased using "buy now, pay later", users can over time Repay the loan in small increments rather than all at once.

In addition, as a star project that has re-established its position on the LSDFi track and reached the leading position, b has been making continuous efforts in cooperation expansion and gameplay innovation in recent times, especially gradually building its own DeFi Lego, Both Equilibria and Penpie are building liquidity on Pendle and releasing the value in vePENDLE, making it gradually approach the form of small blue-chip DeFi ecosystems like Curve, which deserves continuous attention.

On the other hand, **“Binance” launched Blur spot trading on the US site this week after only launching Blur contracts on this site before (I don’t know if this site will also launch Blur spot in the future).

But what is interesting is that Binance also launched the NFT mortgage lending function on its NFT market yesterday, enabling users to use NFT as collateral to borrow cryptocurrencies. The Binance NFT market currently supports mortgaged blue-chip NFTs to borrow Ethereum, such as BAYC, MAYC, Azuki and Doodles are close to Blur to a certain extent, and the biggest advantage of Binance may be that it does not charge Gas fees or Ethereum transaction fees.

The popularity of 「BRC20」 continues to decline, and the secondary market hype of Bitcoin-related concepts such as ORDI has gradually entered a trough. At the same time, OKX continues to promote the layout of related infrastructure. The OKX Web3 wallet has been launched on BRC-20 In the trading market, OKX has also opened the BRC20 public API, and will soon launch the BRC20 basic service portal.

The listing of 「BTC」 should be related to the Bitcoin 2023 conference on Miami Beach from May 18 to May 20 (recommended reading "20 Sentences, Revisiting Bitcoin 2023 on Miami Beach").

The volume of “Worldcoin” is also much lower than last week, but yesterday Tools for Humanity, the company behind Worldcoin, announced the completion of a $115 million Series C financing, led by Blockchain Capital, a16z encryption team, Bain Capital Crypto and Distributed Global Participate in voting.

「Multichain」 contributed a Rashomon drama this week. First, the community spread rumors involving black money and related on-chain capital contracts and even the founder being controlled. Then Multichain tweeted that although the Multichain protocol Most of the cross-link routes are running well, but some cross-link routes cannot be used due to force majeure, and the service recovery time is unknown.

Alfred Xu, the Multichain joint venture, said in the Telegram community that "the current team is healthy, the main business is normal, the routing recovery will automatically arrive at the account, and the team is working normally." Careful observation will reveal that the price of MULT's secondary market has been falling for a while. , It seems to prove that the relevant rumors are not groundless.

This is not a test of serious security issues once or twice in Multichain. Facing the risks of various security, team and even regulatory issues, the necessity of the cross-chain bridge track may also be subject to market scrutiny again.

「Sui」 fell below the $1 mark this week. There are still no obvious hot projects in the ecology. Cetus and other related projects are also falling. However, some game projects have started to launch on Sui as scheduled. Follow-up Whether it will work remains to be seen.

The listing of 「Sei」 on the list should be related to airdrop rumors and the recent recovery of the Cosmos ecology. Recently, some technological and ecological progress in the Cosmos ecology involving inter-chain security, consumption chain and other issues has also increased. KAVA , IRIS and other related currencies also performed well in the secondary market, but ATOM is still weak compared to it. I don’t know how the effectiveness of the ATOM 2.0 economy will play out.

There are not many new faces on the Mirror hot search list this week, and the front row has not changed much compared with last week. "Sei" is linked with the site, and "Base" is also new on the list (but the official mainnet roadmap article has already Emphasize again that no tokens will be issued), and the rest of "LayerZero", "Linea", "Starknet", etc. are old faces for everyone to learn (airdrop).

In terms of the author list, "ZkSync Chinese Assistant" has been on the list for five consecutive weeks, "Second-hand Sharing of Airdrop Information" has also been on the list for four consecutive weeks, and "Van | LayerZero" has topped the list for two consecutive weeks. Mainly airdrop tutorials, occupying half of the country.

1.Van | LayerZero (Project Information)

2. OasisUni (airdrop tutorial)

3. ZkSync Chinese assistant (project information)

4. Second-hand sharing of airdrop information (airdrop tutorial)

5.0x9Ef (Industry Watch)

6.0xzhaozhao (airdrop tutorial)

7. Akash Naskar (Industry Watch)

8. CryptoZ (Industry Watch)

9.0xa39b (Airdrop Tutorial)

10. king (airdrop tutorial)