Huaxing Capital Announces $100 Million Investment in Web3.0 and Cryptocurrency Sector; Hong Kong Releases Digital Asset Policy Declaration 2.0

Key Highlights

Huaxing Capital pledges $100 million to expand into Web3.0 and cryptocurrency over the next two years, focusing on stablecoins, RWA (Real World Assets), and ecosystem investments.
Hong Kong unveils its Digital Asset Development Policy Declaration 2.0, reinforcing its ambition to become a global hub for digital innovation.
Binance delays CESS token airdrop, updates Alpha score requirements for SAHARA and XO token claims, and announces delisting of five tokens (ALPHA, BSW, KMD, LEVER, LTO).
Polychain Capital reportedly earns 4x returns via Celestia staking rewards without selling initial investments.
Hong Kong brokers upgrade licenses to offer crypto trading services, excluding mainland Chinese residents.

In-Depth Analysis

Huaxing Capital’s Strategic Move

Huaxing Capital’s $100 million commitment signals growing institutional interest in blockchain infrastructure and tokenized assets. The firm plans to leverage its prior investments (e.g., Circle Internet Group) to accelerate licensing and Web3.0 product development.

👉 Explore Huaxing Capital’s Web3.0 roadmap

Hong Kong’s Policy Declaration 2.0

The updated policy emphasizes:

Regulatory clarity: Streamlined frameworks for digital asset services.
Tokenization pilots: Real-world applications in trade finance and bonds.
Market integrity: Strict KYC/AML compliance for brokers.

Financial Secretary Paul Chan stated: “Hong Kong aims to merge prudent regulation with innovation to build a sustainable digital economy.”

Market Updates

Binance Announcements

CESS Airdrop Delay: Postponed indefinitely; new date pending.
SAHARA & XO Airdrops:
- SAHARA: 1,000 tokens for users with ≥223 Alpha scores (Phase 1).
- XO: 3,125 tokens for ≥239 Alpha scores.
Delistings: ALPHA, BSW, KMD, LEVER, and LTO to be removed on July 4.

Celestia’s Staking Controversy

Polychain Capital’s $20M investment in Celestia yielded $80M in staking rewards, sparking debates over long-term tokenomics amid a 92.2% price drop from its peak.

FAQs

Q: Can mainland Chinese residents trade crypto via Hong Kong brokers?
A: No. Licensed brokers explicitly prohibit mainland users due to regulatory restrictions.

Q: What’s the minimum Alpha score to claim Binance airdrops?
A: Varies by project (e.g., 223 for SAHARA, 239 for XO).

Q: How does Hong Kong’s Policy 2.0 differ from the original?
A: It expands tokenization use cases and tightens broker compliance.