The role of crypto in payments for AI, regulatory changes, and the market for digital assets dominated the discussions on-site.
These tools can be used to automatically book hotels and flights or make other purchases, said Binance CEO Richard Teng during a fireside chat on Thursday.
When you think about agentic AI, that is, booking hotels, flights, or other purchases you would make, how do you think those purchases will be made — it will be through crypto and stablecoins," he said. "Crypto is thus the currency for AI when you think about it, and that is how it will evolve."
Other participants discussed market volatility. Bitcoin has already fallen by almost $30,000 in a month, and some industry observers fear that it could decline further before reaching a low point. Market participants are watching the $50,000 mark as a significant point, according to several people who reported to CoinDesk.
In a similar way, the mood around betting markets is beginning to develop negatively. Traders expressed concerns that the platforms could siphon liquidity from 'productive sectors' and thus cause a 'negative wealth effect.'
While the announcements of Hong Kong's policymakers were in the spotlight in the regulatory field, industry representatives shared with CoinDesk that they are closely monitoring US lawmakers and the negotiations regarding legislation for structuring the crypto market.
One person stated that the US market is large enough to exert a disproportionate influence on other regions, which is why some regulators are waiting to see how the US positions itself before implementing their own regulations in the crypto space.
Hong Kong does not seem to belong to those jurisdictions. The Securities and Futures Commission is moving forward with various proposals to further integrate crypto companies into the regulatory framework.
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