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Recapping day 1 of Consensus Hong Kong
Yahoo Finance· 2026-02-11 12:56
Group 1: Hong Kong's Crypto Regulation - Hong Kong is set to issue stablecoin licenses next month and will publish a framework for perpetual contracts to develop its local crypto economy [1] - The Chief Executive, Financial Secretary, and CEO of the Securities and Futures Commission emphasized their regulatory priorities for the crypto sector [1] Group 2: AI and Financial Trends - Financial Secretary Paul Chan highlighted AI as a maturing trend, suggesting the emergence of a "machine economy" where AI agents can manage digital assets and transact on-chain [2] - Predictions for Bitcoin's price reaching $150,000 were reiterated by Skybridge Capital's Anthony Scaramucci, citing potential legislative changes in the U.S. [2][3] Group 3: Decentralized Finance (DeFi) - Joe Lubin from Consensys described Ethereum as "anti-fragile," which is crucial for supporting decentralized finance and enabling developers to create more robust financial systems [3] - DeFi is considered to be as safe as traditional finance, according to industry insights [4] Group 4: Market Integrity and Regulation - Smaller jurisdictions are focused on maintaining market safety and integrity in the crypto space, as stated by Gibraltar's minister for justice, trade, and industry [4][5] - The importance of reputation in the crypto market was emphasized, noting that a single market failure could have widespread repercussions [5] Group 5: Market Opportunities - Bitmine's Tom Lee suggested that investors should focus on opportunities rather than selling, despite significant unrealized losses in ether holdings [6] - The final day of Consensus will feature discussions on scaling Bitcoin, Ethereum, and Solana blockchains, indicating ongoing interest in blockchain technology [7]