Core Insights - The seminar focused on the explosive growth of stablecoins, regulatory reshaping, and payment transformation in the Web3 payment industry [1][3] Group 1: Stablecoin Market Dynamics - The stablecoin market is characterized by a significant scale and oligopolistic effect, with USDT and USDC accounting for over 86% of the market share [3] - There are seven key information gaps between traditional payment systems and stablecoin payments identified by industry experts [3] Group 2: Regulatory and Compliance Framework - Discussions highlighted the importance of a robust technical compliance framework for stablecoins, including risk management and anti-money laundering (AML) measures [3][5] - The need for a risk-based transaction monitoring system to track the flow of stablecoins and maintain a blacklist of sanctioned addresses was emphasized [3] Group 3: Innovation and Licensing in Crypto Payments - The seminar covered the innovative pathways and compliance practices for crypto payments, detailing licensing requirements in major regions such as the EU and Singapore [7] - The EU's MiCA CASP licensing requirements were specifically discussed, including capital requirements and management reviews [7] Group 4: RWA as a Use Case for Stablecoins - Real World Assets (RWA) were identified as a valuable application scenario for stablecoins, providing significant use cases within the stablecoin ecosystem [10] Group 5: Industry Perspectives and Future Directions - The roundtable discussion addressed the regulatory landscape for stablecoins globally, with a focus on the challenges and pathways for implementation [11] - Experts suggested that practitioners in the Web3 space should prioritize entering regions with mature regulations to gain experience in compliance and industry logic [12]

Core Insights - The passage of the "Stablecoin Regulation" in Hong Kong marks a significant milestone for the financial technology ecosystem, leading to increased interest in stablecoins and Web3 payments [1][2] - A seminar hosted by OKG Research and Hong Kong University focused on the implications of stablecoin legislation and the future of Web3 payments [1] Group 1: Stablecoin Market Overview - As of May 2025, the global supply of stablecoins is projected to approach $250 billion, reflecting a growth of over 54% in the past 12 months [2] - The market capitalization of stablecoins is equivalent to 1.13% of the U.S. M2 money supply, with annual transaction volume expected to exceed $10 trillion [2] - The penetration rate of Web3 payments is anticipated to rise to around 20% in the next two years due to improved user experience and merchant coverage [2] Group 2: Opportunities and Challenges in Hong Kong - The stablecoin legislation presents a major opportunity for Hong Kong, leveraging its unique position to connect Eastern and Western markets [4] - Key factors for the promotion and application of stablecoins include ensuring their stability and establishing sufficient market scale and application scenarios [4] Group 3: Web3 Payment Ecosystem - Experts at the seminar discussed the transformative potential of Web3 payments, emphasizing the importance of building a verifiable trust structure to address traditional challenges in cross-border payments and transactions [5] - The infrastructure for Web3 is rapidly evolving, but achieving bank-level trust and scale requires further institutional and ecological support [5] - The future of stablecoins is seen as optimistic, with trends indicating stronger international regulatory integration, increasing market acceptance, and the development of a robust stablecoin ecosystem [5] Group 4: Future Projections - OKG Research predicts that the global stablecoin market supply could reach $3 trillion by 2030, with annual transaction volume surpassing $100 trillion, positioning stablecoins as a crucial bridge between Web3 and the real world [6]

1.华为官宣：Pura 80来了！两个半小时预约人数突破4万 6月5日，欧洲消费者组织（BEUC）欧洲委员会和欧洲消费者保护机构提交了一份投诉，指控在线快时尚零 售商SHEIN使用欺骗性技术（"暗黑模式"）助长消费者的过度消费问题，并加剧了由快时尚行业造成的环境 和社会问题。 点评：地域政策风险不容忽视。 4.Omdia：预计到2030年6G用户数将达到2.89亿 据每经，6月5日，华为终端官方微博宣布，华为Pura 80 Pro、华为Pura 80 Pro+于10:08开启预约。约两个半 小时后，预约人数超4万。华为线下店也发布预售通知，交100元订金可优先取机。据悉，该系列手机将在 影像技术、性能、体验等维度升级，预装鸿蒙5新系统。咨询机构纳弗斯分析师李怀斌预计，其销量有望达 上千万台，加剧高端手机市场竞争。华为Pura 80系列定档6月11日正式发布，目前发布会预约人数已达29 万。 点评：两小时预约破4万，影像旗舰未发先火。 2.京东公布稳定币进展：进入沙盒测试第二阶段，测试场景包括跨境支付、投资交易、零售支付等 对于京东稳定币的最新进展，京东方面回应称，京东稳定币还没有正式发行，目前已经进入沙盒测试 ...