Interview with CZ in Hong Kong: Hong Kong, as a financial hub, has unique advantages in fintech talent, mainland talent mobility, and institutional connectivity. While it may not stand out in terms of infrastructure like electricity and data centers, its competitiveness in the Web3 financial sector is clear. CZ believes the hype around AI won't hinder the long-term development of Web3. He suggests individuals should choose directions that align with their interests, abilities, and value. Hong Kong and Web3 make a strong combination. Besides Hong Kong, he is also optimistic about Dubai and Abu Dhabi in the UAE, as well as the U.S. following its policy shift to support the crypto industry. CZ noted that the development of RWA (Real World Assets) has significantly exceeded his previous expectations, especially in the area of securities tokenization. Traditional stocks face barriers like account opening requirements, trading hours, and geographic restrictions. Once assets are tokenized, they can directly reach global investors, greatly enhancing accessibility and liquidity. This is particularly attractive to countries and companies with smaller securities markets. RWA is set to be a key development area moving forward. Stablecoins, in essence, are a form of RWA that brings fiat currencies onto the blockchain. Currently, the market is dominated by USD-backed stablecoins, but more countries may push to tokenize their national currencies to expand global circulation in the future. He also mentioned that DEXs (Decentralized Exchanges) have evolved significantly over the past eight years, from products like Uniswap and PancakeSwap to newer platforms like Hyperliquid. Both infrastructure and user awareness have matured noticeably. According to his current understanding, regulatory pressure on decentralized products in the U.S. has eased compared to the past. Clearer separation models are emerging between international platforms and those targeting U.S. users, with some international platforms not necessarily requiring full KYC. If the policy environment continues to relax, the growth rate of DEXs and the entire crypto industry could accelerate significantly in the coming years.