By Xinghui Kok and Rae Wee

SINGAPORE (Reuters) -From making predictions about a multi-trillion stablecoin market to praising U.S. President Donald Trump for his support of the crypto industry, a high-profile conference in Singapore this week added to the buoyant mood in the industry.

Around 25,000 people gathered at the two-day TOKEN2049 conference that ended on Thursday, collecting merchandise from crypto firms, while listening to speakers like the president’s eldest son, Donald Trump Jr, and China-born entrepreneur Justin Sun.

The annual Singapore edition of TOKEN2049 took place in the midst of a boom in Asia — total crypto transaction volume in the region grew to $2.36 trillion as of June, up from $1.4 trillion a year earlier, according to blockchain analytics firm Chainalysis.

The

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