Year-on-year profit growth of China's large industrial enterprises in June

This article analyzes the development characteristics of the Meme track in 2024, including the dissemination model of Meme coins, the rise of Launchpads platforms and their market strategies, pointing out that Meme coins have become pioneers in the development of the Blockchain ecosystem. It is expected that the Meme market will usher in a new round of rise, accompanied by more investment and support programs.

The Crypto Assets market exhibits cyclical rise, and the bull run is divided into four stages: fiat inflow into Bitcoin, the rise of large alts, attention to medium market capitalization projects, and the prevalence of meme coins. The rise of meme coins often signals the impending end of the bull run. The current market still has room for pump, but it may shift towards Real World Assets (RWA), becoming a new hotspot. Investors need to follow the flow of funds and market trends to formulate appropriate profit strategies.

Hong Kong Legislative Council member Yiu Tak-gin stated that Hong Kong is gradually catching up with Singapore in Web3 policy, and regulatory standards for the Hong Kong dollar stablecoin are expected to be introduced next year. He believes the policy gap between Hong Kong and Singapore is only one or two years, and emphasized that users should trust licensed exchanges to promote the healthy development of virtual assets. Despite facing challenges, Yiu Tak-gin holds an optimistic view on the prospects of Hong Kong's digital asset sector.