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Hong Kong Legislative Council member Wu Jiezhuang: Hong Kong needs to accelerate the research on the feasibility of incorporating Bitcoin into its strategic reserves

ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang stated on social media that American AI and cryptocurrency "czar" David Sacks will hold a press conference with Republican representatives on February 4 to announce the establishment of a bipartisan working group to formulate cryptocurrency regulatory legislation.Wu Jietzhuang pointed out that although Hong Kong has established a three-tier regulatory framework similar to that of the United States, including a dedicated task force for the development of the third generation of the Internet, the Legislative Council's Web3 and Virtual Assets Development Subcommittee, and the Monetary Authority's stablecoin regulatory sandbox, there is still a need to accelerate the pace of development.He proposed five major suggestions: first, to expedite the research on the feasibility of Bitcoin as a strategic reserve for the region; second, to expand the permissions of stablecoin companies approved within the sandbox to accelerate practical applications; third, to seek national support for establishing stablecoin application pilot projects in the Greater Bay Area; fourth, to relax the trading varieties of licensed virtual asset trading platforms; fifth, to establish a digital asset office specifically to promote the development of AI and virtual assets. Wu Jietzhuang revealed that he has been invited to participate in the Bitcoin USA Summit held in Las Vegas in May, which will promote cooperation between the cryptocurrency industries of China and the United States.

DWF Ventures: TRUMP drives explosive growth in the Solana ecosystem, accelerating the rotation of hotspots in the crypto market

ChainCatcher news, DWF Ventures stated on platform X that the market capitalization of the TRUMP token soared over $70 billion within less than 48 hours of its launch, driving significant capital inflow into the Solana ecosystem and a surge in the number of active addresses on-chain, which also led to an exponential increase in demand for platforms like DEX on the Solana chain. It is certain that under the leadership of the Trump administration, the favorable factors for the development of cryptocurrency outweigh the negative ones. Many will ask, what will be the next direction of the market? Will attention shift back to AI? Or will it turn towards DeFi and SocialFi?Cryptocurrency is essentially a social movement driven by emotions and collective beliefs towards a certain goal. The success of TRUMP showcases the power of collective strength, and we will see more such phenomena in the future as communities promote their own narratives. The flow of this "hot money" will continuously revolve around different narratives, and the speed of this rotation is faster than ever before. Amidst the noise, a few projects will stand out and maintain relevance across multiple cycles, which is where the greatest returns come from. In the coming months, we may see more volatility rather than a one-sided rise. However, the future of cryptocurrency remains very positive.

AI-driven Web3 social dating platform Metya announced its selection for the joint growth acceleration program by OKX Ventures, The Open Platform, and Folius Ventures

ChainCatcher news, Metya announced its successful selection into the joint growth acceleration program by OKX Ventures, The Open Platform (TOP), and Folius Ventures, becoming one of the most notable projects in the global Web3 and AI social space.Metya is a decentralized social and dating platform driven by AI technology, providing users with an efficient and innovative interactive experience and diverse ecological functions, including staking, rewards, and governance, through its intelligent matching engine, personalized recommendation system, and native token $MET.Metya's selection represents a high level of recognition in terms of technological innovation, ecological potential, and market prospects. OKX Ventures, The Open Platform (TOP), and Folius Ventures will provide comprehensive support for Metya, including strategic resources, technical guidance, and market promotion. Additionally, as part of the Telegram Growth Hub, the program also offers funding support of up to $10 million to assist in the rapid development of the project.The Open Platform (TOP) has selected the first batch of 7 outstanding project teams participating in the Telegram Growth Hub program from numerous applications worldwide, with Metya standing out. The program lasts for 10 weeks, and selected projects will receive financial support and accelerate ecological construction and global layout through marketing promotion, industry guidance, talent recruitment, and development tool support.As one of the 7 outstanding projects selected from over 1000 applications, Metya is committed to promoting the deep integration of Web3 and AI technologies, creating a new generation of intelligent, decentralized social platforms, and injecting new vitality into the industry.
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