H1uman Public Launch

The Hong Kong Special Administrative Region government has released the "Digital Asset Development Policy Declaration 2.0", proposing the "LEAP" strategy to promote legal regulation, tokenization, application scenarios, and cross-sector collaboration. The policy introduces stablecoin regulation, emphasizes the tokenization of real assets, and offers tax incentives, aiming to transform Hong Kong into a global digital asset center to attract international capital and talent, and to promote the integration of Web3 and the real economy.

A new type of non-custodial cross-chain wallet has been launched, supporting over 25 blockchains, requiring no complex setup. Users can conveniently manage encryption assets, perform stake and cross-chain conversions, and it features NFT management and Web3 ecosystem exploration capabilities. The security has also been ensured, enhancing the convenience and safety of blockchain asset management.

BTC weekly rise exceeded 10%, nearly $7 billion long term funds get on board. This week, Bitcoin opened at $85177.33 and closed at $93780.57, rising 10.10% over the week with a volatility of 12.73%. This marks a third consecutive week of rebounds, with an increase in trading volume. On Monday, it strongly broke through the 120-day moving average, and thereafter, it operated above the moving average for the entire week, indicating a strong willingness to get on board. The U.S. government is conducting the second phase of trade negotiations. The White House continues to release positive signals, but the other side's response is vague, indicating that the outcome of the negotiations is still uncertain. Trump has clearly stated that he will not dismiss Federal Reserve Chairman Powell, which alleviates market concerns about the independence of the Federal Reserve, leading to a stabilization and rebound in the stock, bond, and foreign exchange markets. Federal Reserve officials are signaling a loosening of policy. Cleveland Fed President Mester stated that the Fed can act quickly if conditions change. Fed Governor Waller also mentioned that if the labor market...

China's electricity demand is projected to maintain steady growth in 2025, with total consumption expected to increase within a range of 4 percent to 6.5 percent, according to a report by the State Grid Energy Research Institute.

Crypto Assets Market Weekly: Bitcoin Consolidates at High Levels, Waiting for Breakthrough Opportunity In the past month, Bitcoin ( BTC ) price rebounded by as much as 50% from the April low, outperforming the Nasdaq index and setting a new historical high. However, the significant rise in the short term has also accumulated a certain amount of selling pressure. Since May 22, there has been a large-scale sell-off in the BTC market, which has put pressure on BTC, which is at a high level and leading the US stock market, becoming an important factor for the price decline. This Thursday, due to market concerns over conflicts between certain political figures, the BTC price dipped to the support level of 100,000 USD. Subsequently, the price continued to rebound, returning above the main upward trend line. With the adjustment of the US stock market, the buying power of the BTC spot ETF has weakened, making it difficult for BTC to absorb selling pressure and continue to rise in the short term. It is worth noting that, along with the price correction, the outflow scale from exchanges has also increased significantly this week.