Although Singapore has expelled several major offshore exchanges this year, it currently feels like Singapore 2049 is still more vibrant than other activities in Hong Kong, South Korea, Dubai, Japan, and other Asia-Pacific regions. This is mainly because Singapore, as the only hub and trust node between the East and the West, is a more international presence, attracting top cryptocurrency companies from both the United States and China. In addition, being able to get the top-tier F1 paddock tickets (the kind where you can take pictures with the drivers) is probably the best way to show off.

香港 2025 施政報告涉 Crypto 相關： - 推動商業銀行的代幣化與 RWA 產品 - OTC 交易及託管發牌 - 拓展專業投資者的相關產品與服務 - 國際合作打擊逃稅 - 引入數據監測風控工具

這個週期的美股牛市，很大程度受到 AI 產業的爆發性增長有關，加密貨幣也接收到了這個外溢效應，AI 的爆發是非線性的，這個週期的終點很可能更與 AI 發展什麼時候到達瓶頸有關。