ChainCatcher news, the first "FireNow" Asia Web3.0 Institutional Summit hosted by New Fire Technology Holdings Limited (referred to as "New Fire Technology", stock code: 1611.HK) will officially open on August 13 at The Ritz-Carlton, Hong Kong. This summit invites top entrepreneurs, investors, experts, and scholars from the global Web3 industry to gather in Hong Kong to discuss the hottest topics and cutting-edge investment & technology trends in the current Web3 industry.The conference will focus on six hot topics, including exploring the "Hong Kong Plan" for spot ETFs on virtual assets, how to build a future-oriented Bitcoin ecosystem, investment strategies for the second half of the cycle, how crypto asset management can enter traditional markets, the security of virtual assets, and the compliance journey of virtual asset exchanges, aiming to provide an open and inclusive communication platform for Web3 builders in Asia and around the world.The conference has invited industry leaders such as Professor Wang Yang, Vice President (University Advancement) of the Hong Kong University of Science and Technology, Sailor Zhong, founder of ChainUp, BMAN, partner at ABCDE, Wang Xiaoqi, CEO of Hashkey Exchange, Sun Yuchen, founder of TRON, and Dr. Yu Jianing, president of Uweb, along with many representatives from well-known institutions to attend this conference.The official registration portal for the first "FireNow" Asia Web3.0 Institutional Summit is now online, click to register now.

ChainCatcher news, HashKey Group Chief Operating Officer and HashKey Exchange CEO Weng Xiaoqi stated at the afternoon press conference that the ETF supports both physical subscription and fiat currency subscription models. Based on the current situation of the Bosera Hashkey Bitcoin Spot ETF and Bosera Hashkey Ethereum Spot ETF, physical subscriptions account for a larger proportion.In addition, Weng Xiaoqi also mentioned that for Web3 native users, purchasing spot ETFs is essentially a form of "TradFi mining," "mining" the value and potential of traditional markets and assets. For example, users in Hong Kong who already hold BTC and ETH can convert their original "alternative assets" into "mainstream assets" through an IN-Kind method, which can help in obtaining Hong Kong immigration status and PI status (Professional Investor), facilitating their career and life in Hong Kong.

ChainCatcher live report, the 2024 Hong Kong Web3 Carnival opened today at the Hong Kong Convention and Exhibition Centre. HashKey Group COO and HashKey Exchange CEO Ong Siu Ki shared insights on global regulatory dynamics and the current state of crypto compliance in Hong Kong during his keynote speech in the afternoon. He also proposed six follow-up market highlights:Market pressure from the clearing of non-compliance risksTiming and magnitude of US dollar interest rate cuts (election year)Short-term impact of Bitcoin halving and reduction of net selling pressure in the medium to long termApproval of Hong Kong spot ETFs bringing in Asian capitalETH spot ETF: US vs Hong KongPopular DApps driving an application revolutionIn addition, Ong Siu Ki revealed that on April 8, HashKey Exchange will announce significant updates, presenting a brand new service approach for Web3 users.

ChainCatcher news, the CEO of the Hong Kong licensed virtual asset trading platform HashKey Exchange and COO of HashKey Group, Ong Siu Kee, stated that the Ethereum spot ETF is currently the most anticipated product among global crypto investors. The Ethereum spot ETF in Hong Kong is under close discussion and preparation, and if the relevant products can be launched earlier than in the United States, Hong Kong has the opportunity to transform from a follower to a leader in the global crypto market competition. Furthermore, considering that the United States has authorized 11 Bitcoin spot ETFs for trading, it is estimated that the number of ETFs listed in Hong Kong initially may be fewer than this figure.