On February 11, 2026, the digital asset market in Asia reached a new peak. During the Consensus Hong Kong conference, the Securities and Futures Commission (SFC) gave a clear signal that Hong Kong crypto perpetual trading is now a top priority.

GF Securities Strategy indicates that the Hang Seng Index has an 82% probability of rising in the three trading days before the Spring Festival. After the festival, there is no significant calendar effect, with the probability of an increase only between 40% and 60%. The typical window of opportunity between the Spring Festival and the Two Sessions does not naturally favor Hong Kong stocks. However, this time may be different. The pricing logic of Hong Kong stocks has been changing in recent years, with a stronger correlation between Hong Kong and A-shares and a weaker correlation with US stocks. There is a possibility that Hong Kong stocks may experience a certain degree of "passive following" upward movement, as seen after the Spring Festival in 2024 and 2025.

The mood among top venture capitalists at Consensus Hong Kong was not retreat, but recalibration, as the crypto market experienced a prolonged downturn.

The report states that the Trump administration plans to provide TSMC with a corresponding exemption from chip tariffs based on its investment in the US (a commitment of $165 billion). TSMC can then allocate this exemption to US clients such as Amazon and Google to offset import tariffs. The plan is still under adjustment.

The Aave community has achieved some success on issues of income and governance, but key disagreements surrounding funding, branding, and the boundaries of power remain unresolved.