Odaily News According to official news, the second "Fire Now" Asian Web3 Institutional Summit, co-organized by New Fire Technology, HashKey and Cointime, will be held at the Bangkok International Trade and Exhibition Center on the afternoon of November 12. The co-organizers of this event also include the Thai Asian Chamber of Commerce, W2140 EXPO (W2140 World Expo Organizing Committee), Bitcoin native second-layer projects Bitlayer and ChainUp. The summit will focus on the most cutting-edge topics in the Web3.0 industry, such as exchange compliance development, Bitcoin ecology, MEME, New Infra, AI+Crypto, TON ecology, etc., and will invite representatives of the Thai government, New Fire Technology CFO Lily Zhang, Managing Director of HashKey Global——Ben El-Baz, UXUY Founder Kevin, Bitlayer Co-founder Charlie and many other Web3 industry enterprise representatives to attend the meeting. Click "Original Link" to register.

Odaily News The Fintech Wealth Summit, co-organized by New Fire Asset Management and ChainUp Investment, opened at the Ritz-Carlton Hotel in Hong Kong. Mr. Hanjing Liang, Global President of Financial Services, Technology and Sustainable Development of Invest Hong Kong, delivered an opening speech at the scene, sharing the new trends and technologies at the forefront of the market that he is currently paying attention to. In his speech, Hanjing Liang said that the development of the Web3 industry has mainly had the following three cutting-edge trends: First, the virtual asset management business. Currently, many traditional institutions and those "old money" are very optimistic about this track, and Hong Kong is at the forefront of the world in this field, both in terms of policy support and product design. Therefore, it can be seen that many foreign traditional financial institutions have been very eager to cooperate with Asian institutions in the past period of time. For example, in Bitcoin and Ethereum spot ETF product investment, they are very eager to sell these compliant ETF products to high-net-worth customers in Europe through the packaging of traditional financial institutions. Secondly, Liang Hanjing believes that the tokenization of the real economy is the second largest potential direction for the development of the Web3 industry. For example, RWA (real world assets) and STO (security token issuance), some leading financial institutions such as Fidelity, HSBC, and JP Morgan are rapidly entering this field, which is estimated to generate $400 billion in business opportunities. The third potential direction shared by Liang Hanjing is digital currency payment and stablecoins.

Odaily News Lorenzo, a Bitcoin liquidity financial project, successfully pledged 1,880 BTC in Babylon Cap 2, ranking fourth. In this event, Lorenzo pledged 755 BTC and pledged 1,125 BTC through Finality Provider partners B² Network, ChainUp, and Lombard. At the same time, Lorenzo TVL has officially exceeded 100 million US dollars. In addition, Lorenzo's new staking plan is about to be opened. It is reported that in the previous two pre-stakings, users will not only receive Lorenzo points and Babylon expected returns, but also receive Lorenzo token airdrops worth a total of 4.5 million US dollars.

Odaily News According to the monitoring of @ai_9684xtpa, an analyst on the chain, the whale who built a position in ETH seven months ago deposited 7,916 ETH into the Chainup exchange three hours ago, worth $29.27 million, and it is suspected that he sold it to stop profit. From November 2023 to February 2024, the whale bought 10,594 ETH on the chain through 1inch, with an average cost of only $2,553; if all the deposited part is sold this time, it will make a profit of $9.06 million.