The Hong Kong Encryption New Deal is about to take effect! Inventory of 5 Crypto Projects Worth Investing in 1. NEO (NEO) $NEO$ It is a smart contract platform established in 2014, formerly known as Antshares, a Layer 1 blockchain, often referred to as "Chinese Ethereum". NEO is committed to replacing Ethereum and becoming the most developer-friendly blockchain. Although the NEO project does not have much publicity and is relatively low-key, it is a long-term project. Afterwards, with the introduction of new encryption regulations in Hong Kong, the market is also optimistic about the price of the token for a long time, and it is possible to continue to rise sharply in the later period. 二、Vechain (VET) Founded in 2015 by Sunny Lu, the former chief information officer of Louis Vuitton China, the project has a close relationship with China. This includes long-term partnerships with several major Chinese companies, such as state-owned China Tobacco and Haier, one of China's largest home appliance manufacturers, as well as active joint development projects with the Chinese government, such as with the government of Gui'an New District, Guizhou Co-develop a pilot project for a blockchain-based carbon credit trading platform. VeChain has also been recognized as a "National High-tech Enterprise" by the China Internet Information Office, which helps to enhance its reputation and credibility in China. 3. Conflux (CFX) Conflux advertises itself as the only compliant, open, and public blockchain in China. It also actively cooperates with international brands and government organizations in China to develop cooperation projects related to blockchain and Metaverse technology. The Shanghai municipal government recognized Conflux as a "key innovative blockchain platform" and funded its development. The market may expect that Conflux will take advantage of Hong Kong compliance and the good news that BSIM is expected to greatly popularize the number of wallets, triggering token $CFX$ It surged nearly 300% in a single week and broke through $0.3528 on the morning of May 21. As China's attitude towards the crypto industry gradually softens, Conflux may become the only compliant blockchain network in the country. 4. Filecoin (FIL) The Filecoin network is composed of a large number of storage providers and developers. The encryption proofs used innovatively can ensure the safe and reliable storage of data for a long time. At present, the Filecoin network has stored a lot of data. Filecoin is associated with China in several ways. This includes the project receiving substantial investment from Chinese companies including Sequoia China and Fenbushi Capital. Additionally, several Chinese blockchain startups have chosen to build on the Filecoin network, including IPFSMain, which provides decentralized data storage and transmission services for the Chinese market. 五、Alchemy Pay (ACH) Alchemy Pay is a leading decentralized digital currency payment solution and technology provider in the Asia-Pacific region. It has developed Asia's first hybrid payment solution of cryptocurrency and fiat currency, which can provide fast and secure payment for over one million online and offline merchants. And convenient aggregation of digital currency and legal currency payment technology solutions. At the same time, Alchemy Pay will be the first payment to enter the Hong Kong market. From April 9th to May 9th, Alchemy Pay will launch a one-month cryptocurrency public service advertisement on Hong Kong International Airport, buses and other landmarks. The theme is "I love Hong Kong, I love Bitcoin, I love ACH", to thank Hong Kong for its openness and tolerance to the Web3 industry. expected $ACH$ After the Hong Kong New Deal is officially implemented, there is a chance of further rise. (Data source: veDAO Research Institute)

According to official sources, the Neo-CLI V3.7.4 update was applied to the T5 testnet on May 17th and will be implemented on the Mainnet on May 24th. This version upgrades the secp256k1 signature verification in the CryptoLib native contract, supports custom witness verification based on Koblitz and Keccak256, supports Lambda and Linq in devpack, adds multiple Neo contract examples in devpack, and supports calling application logs through command line in Neo-CLI.

In April, it was an eventful autumn in the cryptocurrency field, with significant fluctuations in the prices of many cryptocurrencies. Core DAO, Neo, and Pendle were among the stocks with the largest increases this month, with a surge of 100%, a growth of 1004%, and a rise of 29.01% respectively. These performances can be attributed to the companies' partnerships, testnet releases, and other announcements. In addition, Ethena achieved a growth of 22.6%, while Toncoin pumped by 5.4%.

PANews May 17th News, according to the official blog, Neo is developing a sidechain called Neo X with high security and compatibility with the Ethereum Virtual Machine (EVM). Before the official launch of the mainnet, Neo invites developers to participate in the Neo X testnet bug bounty program. The program starts today and will continue until the release of the Neo X mainnet. This bug bounty program is targeting three main components of Neo X: the consensus layer, native cross-chain bridges between Neo N3 and Neo X, and the governance protocol. This bug bounty program does not include vulnerabilities in the frontend or third-party services, such as wallets, centralized databases, indexes, or blockchain explorers. The severity of vulnerabilities and their potential impact on the normal operation of the network are divided into three levels: critical vulnerabilities (with a maximum reward value of 5,000 GAS per vulnerability), major vulnerabilities (with a maximum reward value of 2,000 GAS per vulnerability), and minor vulnerabilities (with a maximum reward value of 2,000 GAS per vulnerability). Different levels of vulnerabilities will receive GAS tokens with different values as rewards. There is no limit to the total reward.