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Hong Kong Web 3 is presented through the projects of Stablecoin and an organizational framework in August. Pudgy Penguins deny rumors in the acquisition while the penguin rises by 300 %. Elizabeth Warren criticizes Trump’s encryption legislation. Vietnam launches Blockchain national infrastructure.
Hong Kong companies accelerate the entry of Web3 through Stablecoin Ventures
Hong Kong companies quickly enter an area of 3 through stablecoin strategic initiatives. The fourth model collaborated with Jiuyang technology to form Fantai technology, targeting emerging Stablecoin market opportunities. Lion Rise Holdings launched Synagistics as a major unit. SDFG focuses on mutual inter -operating stablecoins and realistic assets across Asia. These moves reflect traditional companies listed in accelerating the innovation of digital assets.
The Stablecoin Decree in Hong Kong will become a secret fast on August 1, 2025, setting comprehensive licensing systems. The list allows unlicensed exporters to provide a specific stablecoins for professional investors. Officials described this as a milestone sign of ecosystems of sustainable digital assets. Hong Kong cash body has consulted on detailed money laundering requirements. This organizational framework places Hong Kong as a pioneering Web3 axis in Asia.
Pudgy Pency Birds deny rumors to get Opensea amid an increase in the NFT market
NFT Project Penguins has officially denied widespread acquisition rumors that include the Opensea market. The head of the Buyu security Explained On X they did not acquire Opensea. Rumors ignited a significant increase in the symbolic symbol prices between encryption communities. Instead of individual acquisitions, Pudgy Penguins focuses on expanding partnerships with global brands.
The project is currently cooperating with Luffhansa, NASCAR and other major companies for the growth of the ecosystem. Pengu Token increased by 300 % in July, reflecting the directions of the broader market recovery. The NFT market value was $ 6.6 billion, which represents 94 % growth over thirty days. This recovery is in line with the increase in the speculative demand for NFT projects based on the MC.
Warren criticizes the Trump encryption legislation as a written mistake in the industry
Senator Elizabeth Warren was harshly criticized by the genius law that President Trump recently signed in the Vanity exhibition interview. Democratic in Massachusetts warned that the Americans “pay the price” of this encryption legislation. On the other hand, Warren admitted that the United States needs a strong encoding organization, but he condemned “jamming through the bills designed on the industry.”
The genius law provides legal clarity for Stablecoins and establishes trading parties. The main banks and retailers showed increasing interest in the aftermath of the legislation, but Warren compared them to the 2000 futures update law. The draft law left these derivatives to a large extent, which contributed to the 2008 financial crisis.
Warren claimed that the pressure on the pressure on the encryption had exceeded anything Washington saw. She said that the industry put itself to write its legislation. “We have seen this film before,” Warren said, indicating the role of traditional banking services. When the government works with such industries, a “bone becomes rich” while Americans suffer.
Economy professor Sergey Basco echoed Warren’s concerns about supposed safety. Warren also criticized Trump Mimikoin projects and dismantling an enforcement unit for the Ministry of Justice.
Vietnam launches Blockchain National Infrastructure Platform
Vietnam Firing Ndachain, the government -run Blockchain network serves its growing digital system. The National Data Association built this Blockchain under the control of the Ministry of Public Security. NDACHAIN 49 has a scrutinous contract between the public and private sectors managed by state agencies and major companies.
The platform fixes weaknesses in the central data through a hybrid design that mixes the central and distributed parts. Ndachain will be achieved from transactions across e -government sectors, finance, health, shipping and education. The NDA network to check digital identity and NDakey app to confirm the immediate identity. Vietnam aims to prevent digital fraud and stealing identity through this system.
Disintegration
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2025-07-28 02:26:00
