⚡️ Just saw yesterday: Puxing Energy, a traditional energy and capital operation company, announced that it has subscribed for HashKey Holdings Class A preferred shares and become a shareholder of HashKey! Puxing Energy rose by more than 240% - a new paradigm of currency and stock linkage, and the "magic" offensive of Web3 going to sea 1. Puxing's stake in HashKey is a signal for traditional capital to enter the crypto track Puxing Energy's choice to invest in HashKey is by no means a simple financial investment, but a clear signal of the strategic transformation of traditional capital to the crypto track. After HashKey became a shareholder, its stock price soared rapidly, and HashKey Energy rose by more than 240%. This phenomenon is reminiscent of the classic case of coin and stock linkage: After Sun's acquisition of SRM, the market interpreted it as a market-making behavior of Tron and Tether, which pushed up the price of related assets. Another example is EYEN2025, announcing the completion of a $50 million private placement and the purchase of more than 1 million HYPE tokens of the Hyperliquid platform, becoming the first NASDAQ-listed company to hold HYPE tokens. Behind these cases, there is often a hidden logic of market makers - traditional companies attract market attention by investing in or acquiring crypto projects, creating the expectation that the project party will take the initiative to make the market, so as to enhance the imagination of stock prices and currency prices. The logic of Puxing's stake in HashKey is similar. As a traditional enterprise backed by Wanxiang Group, Puxing not only brings capital, but also brings the endorsement of traditional capital to Web3. 2. The new paradigm of currency-stock linkage: the rise of HSK's "micro-strategy". If we compare Puxing's stake in HashKey to the "MicroStrategy" of the crypto market, we may be able to understand the potential of this new paradigm more clearly. MicroStrategy has transformed itself into a "Bitcoin asset management company" by continuously increasing its holdings of Bitcoin, realizing a deep binding between the stock price and the price of Bitcoin. The cooperation between Popstar and HashKey also shows the possibility of traditional enterprises grafting the dividends of the Web3 track by investing in crypto assets. As the core asset of the HashKey ecosystem, HSK carries multiple functions such as platform trading, governance, and ecological incentives. After Puxing became a shareholder, the market's expectations for HSK were further amplified. Recently, the HSK price performance has also been good, and I have been paying attention to it. Puxing's stake gives HSK the magical effect of "Area Attack". The so-called "scope attack" refers to the fact that the rise of HSK is not limited to a single asset, but has driven the resonance of the entire HashKey ecosystem and related assets. Whether it is the tokenized security "GF Token" launched by HashKey in cooperation with GF Securities, or the deep binding with the Hong Kong government in the Web3 field, it is providing continuous momentum for the rise of HSK. As @BTCdayu said, "If you believe in compliance and the power of stablecoins, then be patient and wait for the HSK to change hands...... I will leave a bottom position and wait 10 times. ” 3. HashKey's compliance background and Web3 ambition to go global HashKey's success is inseparable from its status as a compliant, licensed exchange, and the strong support of the Hong Kong government in the Web3 space. Compliance and policy support form the fundamental moat of HashKey. Its cooperation with traditional financial institutions, such as the launch of tokenized securities with GF Securities and the joint expansion of crypto trading services with Guotai Junan International, further strengthens its role as a bridge between tradition and crypto. This orthodox Chinese-funded Web3 overseas path not only provides long-term value support for HSK. Fourth, summary HashKey's compliance background, Hong Kong's policy support, and the crypto-stock synergy effect brought about by Puxing's investment have provided solid support for its future development. In the context of increasingly strict Web3 regulation, HashKey's compliance advantages will become its core competitiveness in going global. Backed by the policy support of the Hong Kong government and the compliance advantages of HashKey, HSK will receive the most direct value performance. "Anything with HSK is up, that's magic." For us, we still have a chance to keep an eye on what $HSK is going on. @HashKeyGroup