To be honest, the domestic hype around RWA stablecoins and other crypto concepts may not significantly drive industry development; instead, it could breed many Ponzi schemes and even scams.
Once such schemes generate substantial negative public sentiment, it is customary to impose blanket regulations on the related fields again. Therefore, excessively promoting RWA and stablecoins may not be a good thing, especially in the absence of a regulatory framework.
Recently, after a large-scale scam occurred in Guizhou, multiple scams related to Hong Kong RWA have emerged. I have already had friends reaching out to me for advice, targeting individuals who have only "heard of" crypto or are new to it.
August 5 Crypto Comprehensive Daily Report
Introduction:
Macroeconomic data weakens confidence in economic stability, stock market earnings reports show some optimism stabilizing U.S. stock trends, and the market remains in a cautious state.
Will the final results of the China-U.S. trade negotiations this week boost market morale? #Bitcoin encounters ancient whales selling off again, the market is relatively desensitized, with yesterday's ETF net outflow, yet BTC has not broken new lows!
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