New Bloc Night Austin Blockchain Week Opening Party Successfully Concluded

Author: New Bloc

On the evening of June 8th, U.S. time, the NEW BLOC NIGHT opening party of Austin Blockchain Week, hosted by New Bloc hedge fund, successfully concluded at The Otis Hotel in Austin, Texas. The event featured several heavyweight guests who shared their insightful perspectives, with nearly 200 professionals from the crypto industry participating both online and offline.

At the event, members from different sectors gathered together to share forward-looking views, including Adam Chastain, ambassador of CoinEx & ViaBTC, Karmen Tang, Chief Marketing Officer of Alchemy Pay, Robert MacCracken, Head of European Ecosystem Business, Edward Chen, Head of Global Institutional Business at Huobi, Mattias Borg, Business Director of ZKSpace, Lin Nianlong, Founder and CEO of FlashMining, JP Baric, Founder and CEO of MiningStore, Lou Yu, Head of KuCoin Labs, Michael, Founder and CEO of Asteria Finance Lab, and Yang, Partner and Co-founder of Spark Digital Capital.

Let's take a look back at the highlights:

Highlights Review

Opening Remarks:

At the start of the party, Ms. Summer Zhang, founder of New Bloc, delivered remarks alongside Mr. Guo Hongcai, an early Bitcoin investor, sharing insights and officially kicking off the event.

Keynote Speech: "Opportunities and Challenges in Crypto Asset Management"

Ms. Summer, founder & CEO of New Bloc, delivered the opening speech. Summer is the founder of New Bloc, holds a master's degree from the Chinese Academy of Sciences and Copenhagen Business School, and is a serial entrepreneur.

Summer pointed out that since December 2021, the correlation between cryptocurrency assets and risk assets (NDX) has increased. When real interest rates fluctuate significantly, the correlation between BTC and Nasdaq increases, while it weakens when real interest rates begin to fluctuate slightly; cryptocurrency assets are a type of risk asset with peer-to-peer payment functionality, which can help avoid political risks and address the vulnerabilities of existing payment systems.

Roundtable --- Mining and Carbon Neutrality: The Development Trends of Crypto Mining

The roundtable was hosted by Dave Mei, co-founder of RawTech Ventures. The guests included Lin Nianlong, Founder and CEO of FlashMining, Adam Chastain, ambassador of CoinEx & ViaBTC, Mattias Borg, Business Director of ZKSpace, veteran miner GaoKe, and JP Baric, Founder and CEO of MiningStore.

The host and guests discussed three aspects: mining and energy, the transition from PoW to PoS, and the New York State Senate's vote to pass a two-year moratorium on Bitcoin mining.

Regarding mining and energy, GaoKe believes that using new energy for mining should not be labeled; utilizing new energy is the direction of future society, and mining can leverage this well. Adam Chastain also believes that, similar to the activities during the gold rush, new energy mining will not impact the economy.

On the transition from PoW to PoS, JP Baric pointed out that new monetary models allow people to create a centralized monetary economy to change what was previously only possible by governments, which will bring more changes to the crypto industry.

Regarding the mining moratorium, GaoKe believes that society needs time to accept mining; slowing down to deepen understanding is essential. The U.S. has better infrastructure compared to China, and its power infrastructure is much better than that of other countries, including weather conditions.

Keynote Speech: "Bridging the Gap Between Web2 and Web3 --- The Future of Payments"

After the first roundtable, Ms. Karmen Tang, Chief Marketing Officer of Alchemy Pay, introduced the importance of Web3 and how Alchemy Pay helps drive Web3 through its diverse solutions.

Roundtable --- Decentralization vs Centralization: How to Enhance Oversight and Regulation of Crypto Oligarchs to Protect Investors?

This roundtable was hosted live by Michael, co-founder and CEO of Asteria Finance Lab. We were fortunate to invite Edward Chen, Head of Global Institutional Business at Huobi, Lou Yu, Head of KuCoin Labs, Robert MacCracken, Head of European Ecosystem Business at Alchemy Pay, Yang, Partner and Co-founder of Spark Digital Capital, and Johann Huber-Gutierrez, Senior Client Director at Supra Oracles as guests.

The guests engaged in a heated discussion on the topic, stating that decentralization is merely a method, a medium. The essence lies in how value is exchanged, which is where the value of Web3 is reflected. Additionally, compared to other blockchain products, NFTs are more accessible and understandable to the public.

Roundtable --- What New Opportunities Exist in the Web3 World that Young People Aspire To?

This roundtable was hosted live by Ken Cucchia, founder of OmniFlix. We were fortunate to invite Nicole, Partner at Lingfeng Innovation Fund (LIF), Yvonne, representative of Dress Show, Tony .Z, founder of Allinweb3.io, and Neo, CEO of Bit Engine as guests. Among them are institutional representatives, Web3 entrepreneurs, and representatives of the new generation from Generation Z, who discussed the hot topic of Web3 and painted a blueprint for the next generation of the internet.

Nicole stated that currently, schools do not have good Web3 teaching content, and some young people who drop out to pursue Web3 have corresponding self-exploration opportunities, but she does not recommend that young people blindly pursue Web3 and drop out. Other guests also mentioned that Web3 is not formed out of freedom, but rather to seek freedom for existing organizations/tools/social forms, which represents a better fit for young people's pursuit of diversity.

Lucky Draw

The event also invited Angela Tong, COO of the well-known contract auditing company Fairyproof, and V1, head of overseas markets at the well-known Web3.0 crypto information platform Block Beats, to provide substantial airdrops for active participants, with lucky winners receiving unexpected surprises.

Conclusion

As the Austin Blockchain event commenced, New Bloc Night also successfully concluded. During this event, we met many new friends and established deeper cooperative relationships with old friends. Next, we will hold New Bloc Night in various locations around the world. In this environment with the most genuine communication, the top technical teams, and cutting-edge information, "New Bloc Night" welcomes more trading platform operators, project operation teams, and primary investors to join this event for direct dialogue with traders. We also extend our gratitude to the media and partners for their strong support of this event!

About New Bloc

NEW BLOC is a BVI crypto hedge fund established in 2018, which uncovers financial market rules through data and models. The NEW BLOC team members graduated from top universities such as the Chinese Academy of Sciences, Peking University, Oxford, Columbia University, and the University of California, Berkeley, and have previously worked at top financial and technology firms like Citadel, UBS, CitiBank, IBM, and Tencent, possessing rich investment research experience. NEW BLOC primarily invests in blockchain technology and applications in the primary market and provides in-depth post-investment services such as growth consulting and market making to invested companies. NEW BLOC has consistently ranked first in net asset value among several quantitative hedge fund rating agencies and has been recognized as one of the top ten crypto asset management companies in Asia. Additionally, NEW BLOC is a "top market maker" and "growth consulting provider" for the world's top ten crypto exchanges, with peak daily trading volumes exceeding $5 billion.