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Bitcoin Asia conference in Hong Kong attracted over 5,500 people, with half of them coming from mainland China, showing a growing interest in bitcoin-related technologies. The launch of spot bitcoin and ether exchange-traded funds (ETFs) and an increase in layer 2 projects have contributed to this surge in interest. The Hong Kong government has been supportive of the crypto industry, with the city hosting multiple Web3-related events this year. The event is seen as a massive opportunity for Hong Kong, and there are discussions about returning to the city for future events. The surge in bitcoin's price has also driven interest in layer 2 solutions, with Chinese developers showcasing new companies building their own layer 2 networks. Despite the optimism, there are still concerns about the volatility and unpredictability of the cryptocurrency market.
