ChainCatcher news, the 2024 Hong Kong Listed Companies Development Summit Forum and the 11th "Hong Kong Stock 100" Awards Ceremony, hosted by the Hong Kong Stock 100 Research Center, will be grandly held on November 11, 2024, at the Hong Kong Convention and Exhibition Centre S421. At this event, Hashkey Exchange received the "Web3 Industry Leader Award" in recognition of its outstanding contributions to promoting the development of the Web3 industry and innovation in Hong Kong's fintech sector.This award ceremony is organized by the Hong Kong Stock 100 Research Center, co-organized by Caihua News and Futu Securities, and supported by the Hong Kong Ta Kung Wen Wei Financial Public Relations Group. This award not only recognizes Hashkey Exchange's leadership position in the Web3 field but also affirms its role in promoting innovation and digital transformation in Hong Kong's financial market. The award for Hashkey Exchange also signifies the increasing influence and competitiveness of Hong Kong in the global fintech sector, while also indicating that the Hong Kong financial market is ushering in new opportunities for digital transformation.It is reported that Hashkey Exchange, as the largest licensed virtual asset exchange in Hong Kong, has surpassed HKD 6.7 billion in asset scale as of November 11, with a cumulative trading volume exceeding HKD 550 billion, and a growth scale of HKD 1.2 billion in the past 10 days.

ChainCatcher news, Huobi HTX global advisor Sun Yuchen stated in the Spaces open mic titled "Waiting for the Dust to Settle in America, Witnessing BTC's New High" that Trump's presidency could bring a "180-degree turnaround" for the Web3 industry. He pointed out that this change would not only create a more relaxed policy environment but also promote innovation and mainstream development in the Web3 field, making it possible for the industry to welcome a freer innovation environment and broad support.In addition, Sun Yuchen commented on Bitcoin breaking its historical high, stating that under the current election backdrop, many cryptocurrencies have not yet reached their deserved heights. The regulatory pressure over the past four years has shaken internal confidence, and outsiders lack a deep understanding of the industry, exacerbating the information gap. He emphasized that investors should not underestimate Trump's profound impact on the crypto market; once his policy inclinations become clear, the crypto market may experience a stronger upward momentum.Regarding the industry's prospects, Sun Yuchen stated that cryptocurrencies are gradually forming influence globally and are continuously moving towards the mainstream at both policy and market levels, with their position in society and politics becoming increasingly important in the future.

ChainCatcher news, CocoCat partner Eric stated at the Token2049 Moonlit Yacht Bash event jointly hosted by CocoCat, WorldinShadow, and Secure3:"The Web3 industry has bid farewell to the early exploration stage and entered a critical turning point. To drive the continuous development of Web3, the key lies in the large-scale application landing, which will help activate the currently underutilized silent assets."Eric further emphasized that CocoCat is always committed to building a decentralized infrastructure network to support the widespread use of Web3 applications. Through the CocoApp framework, developers can easily convert Web3 applications into Bitcoin addresses and deploy them to the Cat network at nearly zero cost, achieving fully decentralized deployment and distribution. In addition, CocoCat's self-service protocol not only provides strong privacy protection for applications but also significantly reduces server-related costs.

ChainCatcher news, Hong Kong's DAB Legislative Council member Chan Chung-nee stated that he suggests the government improve the compliance and regulatory framework in the Web3 cryptocurrency sector to protect investors' rights and promote market fairness and transparency. By utilizing technologies such as big data and artificial intelligence for risk monitoring and early warning in the Web3 market, and establishing a Web3 industry committee to formulate industry norms and standards, as well as enhancing training for practitioners. "Regulation must be done well to prevent fraud, but we do not want the industry to be overly regulated; a balance must be achieved."

ChainCatcher news, the encrypted asset data platform RootData has released the “2024 Q1 Web3 Industry Investment Report”, with the following key points:The total financing amount in the Web3 industry reached $2.545 billion in Q1 2024, a year-on-year increase of 4.7%. The DeFi sector was driven by popular segments such as RWA and LSD, with both year-on-year and quarter-on-quarter financing amounts exceeding 100% growth.The number of projects receiving investment in Q1 2024 increased by 10.5% year-on-year, with infrastructure, DeFi, and GameFi sectors attracting capital market attention. The total investment from the top ten institutions by number of deals increased by 120% quarter-on-quarter, with OKX Ventures being the most active.AI, RWA, LSD, and DePIN sectors experienced significant rotation, with strong demand from users for finding popular investment targets. A total of 113 projects were selected for the RootData Top 20 project hot search weekly list, among which 12 projects with issued tokens showed a high correlation between their search popularity on RootData and secondary market performance.During Q1, the market saw significant attention on investment targets such as the "Sam Altman concept." Trading clues based on popular figures are being increasingly noticed by more investors. As the Web3 industry matures and attracts more mainstream investors/entrepreneurs, trading opportunities related to figures/events will continue to emerge.

ChainCatcher news, Shanghai Wow Universe Digital Technology Co., Ltd. (referred to as "Wow Universe" or "UOVAMETA"), a subsidiary of Beijing Yuanlong Yatu Culture Communication Co., Ltd., has completed its first round of tens of millions in strategic financing, with participation from Lehua Entertainment, Alibaba Pictures, and others, while the parent company Yuanlong Yatu also participated in the capital increase and share expansion. This financing will help UOVAMETA further improve its AI and Web3 industry chain layout, laying a solid foundation for the future development of platform products and business expansion.

ChainCatcher news, the Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Huang Weilun, stated in his speech at the opening ceremony of the Hong Kong Web3 Carnival, "Web3 is revolutionary, and Hong Kong will develop in a stable, sustainable, and responsible manner. Hong Kong focuses on two main areas in the development of Web3: first, support for Hong Kong's virtual asset trading platforms; second, support for Web3 developers. The Hong Kong government is amending a law to bring virtual asset OTC trading under legal regulation, and the proposed legislation is being formulated. In addition, Hong Kong will allow intermediaries to provide trading of eligible virtual assets, futures, and ETFs. In the future, we will continue to collaborate with more industry participants to bring more possibilities to Hong Kong and promote the development of the Web3 industry in Hong Kong."