- Consensus Hong Kong drew over 11,000 attendees, focusing on institutional topics and developer challenges.
- World Liberty Financial’s new World Swap platform will target cross-border payments using a stablecoin.
- LayerZero will port to Cardano, and the Midnight mainnet is scheduled to launch next month.
- Binance leadership argued macro shocks, not exchange activity, caused recent major market liquidations.
Consensus Hong Kong concluded Thursday with a significant turnout exceeding 11,000 attendees exploring exhibits and panel discussions. The event’s first day catered to institutional projects and professional investors, while day two targeted developers and scaling solutions.
However, the developer-focused sessions saw communities from Bitcoin, Ethereum, and Solana address network growth challenges. They emphasized the critical need for improved tooling to support expanding user bases.
Meanwhile, World Liberty Financial co-founder Zak Folkman announced plans for a foreign-exchange platform named World Swap. This initiative will utilize the USD1 stablecoin to facilitate cheaper cross-border transfers compared to traditional remittance services.
Consequently, Input Output Global CEO Charles Hoskinson revealed major developments for the Cardano ecosystem on stage. He confirmed the LayerZero blockchain will port to Cardano, and the privacy-focused Midnight mainnet will launch next month.
Separately, Binance co-CEO Richard Teng defended the exchange’s role during the October 10 market event. “Rather, macro shocks caused a broader market downturn,” he stated in response to claims about its influence over the $19 billion in liquidations.
The event also featured competitions, with zkME winning the Consensus PitchFest and FoundrAI securing victory at the Easy A x Consensus Hackathon. Both events will return at the flagship North American Consensus in Miami this May.
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