The crypto market welcomes favourable information, institutions are actively positioning themselves.

Recently, favourable information has been frequently reported in the crypto market.

At the macro level, China and the United States have reached a tariff truce agreement, leading to a significant rise in the global financial markets. Although Bitcoin experienced a pullback after expectations were met, the altcoin market is showing a vigorous growth trend. Ethereum continues to lead, breaking through the 2700 dollar mark, and the DeFi sector is rising across the board, sparking discussions about the return of the altcoin season.

In addition to the improvement in the macro environment, favourable information has also emerged from the regulatory side. The industry is also welcoming new developments. On May 13, according to an announcement from a certain index company, the largest crypto market exchange in the United States will be included in a well-known index, replacing another financial services company that is about to be acquired. This change will take effect before trading begins on May 19.

In the mainstream market, the encryption industry has once again reached a milestone, marking the beginning of a new era for the industry. At the same time, companies and institutions around the world are eager to try and prepare to make their move.

On May 12, the United States and China reached a tariff truce agreement in Geneva, temporarily ending the long-standing trade conflict. The agreement includes a 90-day suspension of the 24% mutual tariffs, retaining a 10% base tax rate, and establishing a third-country consultation mechanism. As a result of this news, U.S. stock indices rose significantly, with one index futures increasing by over 3% and another well-known index closing up by 4.35%.

Although Bitcoin has fallen from $106,000 to $100,700, the crypto market as a whole has quickly rebounded, with altcoins such as ETH, SOL, and BNB showing considerable gains. As the tariff issue comes to a temporary halt, the impact of this news on the market will gradually weaken, and the market is beginning to return to normal, with the bottom prices of various currencies showing an upward trend.

While the macro environment is favorable, good news is also coming from the industry side. Recently, a state in the U.S. has made its first breakthrough in strategic reserves, passing a strategic Bitcoin reserve bill. This bill authorizes the state treasurer to purchase Bitcoin or digital assets with a market value exceeding $500 billion, and sets a holding limit of 5% of the total reserve funds, which could bring new increments to Bitcoin. In addition, the newly appointed chairman of the regulatory agency has clearly stated that a core priority during his term is to establish a reasonable regulatory framework for the crypto market, continuously releasing positive signals. There are also reports that a large asset management company is discussing an ETH staking proposal with the regulatory agency, which has restored market confidence.

Under the dual Favourable Information of macro improvement and regulatory enhancement, crypto enterprises are ushering in the best development opportunity.

At the same time, Hong Kong, as a financial center, is actively laying out its strategy in the encryption field. Following the launch of a certain project by the Hong Kong Monetary Authority to initiate a tokenization sandbox pilot, the RWA track in Hong Kong has once again pressed the acceleration button.

From the progress, large enterprises are leading the way with frequent recent actions. A well-known e-commerce company's technology subsidiary has begun to form a team and posted multiple job openings related to RWA on recruitment websites, including positions for Director of Asset Management System Products and Director of Solutions, responsible for the design of asset management systems for new energy asset RWA, asset acquisition, and industrialization implementation. In addition, the company also announced a partnership with a virtual bank to provide financial compliance support for exploring cross-border payment solutions based on stablecoins.

Another tech giant is progressing faster, with actual cases already implemented. Last year, the company collaborated with a green energy service provider to successfully complete the country's first RWA case based on photovoltaic physical assets, involving 200 million yuan, and subsequently worked on multiple projects to promote the actual implementation of RWA.

Outside of large enterprises, exchanges and institutions are also actively making arrangements. A local company successfully deployed a tokenized dollar money market fund initiated and managed by an asset management company onto the blockchain in March of this year. This company has engaged in in-depth connections with over 200 institutions, involving various fields such as traditional financial institutions, asset management companies, technology enterprises, and Web3 native projects, reaching intentions for RWA on-chain collaboration.

With the improvement of technological infrastructure, supporting services for brokers have also followed. Recently, a securities company stated that its wealth management-related business plan submitted in January has been confirmed by regulatory authorities. Another securities company also announced the launch of a cryptocurrency deposit and withdrawal service, supporting the deposit, trading, and withdrawal of virtual currencies.

Overall, whether it is the IPO of American encryption companies or the local Hong Kong companies promoting RWA, in the current context of the crypto industry gradually being legitimized, both enterprises and institutions show a proactive attitude towards layout, but given the regional differences, the ways of participation are slightly different.

It is foreseeable that as the mainstream adoption of encryption assets increases, the number of companies involved will also rise, with capital, attention, and resources further flowing into the market. This wave of institutional participation is just beginning.