《The Most Crypto People Are Becoming the Least Crypto》 (Author: Will A-Wang)



Hong Kong is focusing on RWA and AI, emphasizing the productization of finance and moving underlying assets on-chain; Bangkok is centered on payment channels, integrating stablecoin cross-border settlement into traditional finance and demonstrating the real-world rollout of “Web3 infrastructure.”

AI is tagged everywhere, but most of it still centers on scenario-based services rather than clearly landing and delivering. Once the channels are in place, the application layer will rise—stablecoin infrastructure and Agentic Payment will determine who wins the next phase.

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