Fund Overview - Circle Ventures launches the Arc Builders Fund to support early-stage teams building real-world financial apps and services on Arc [1] - The fund aims to accelerate innovation by backing projects that benefit from Arc's design [1] - Arc's mission is to power the new internet economy with open, composable, enterprise-grade infrastructure [1] Focus Areas - Onchain markets with low-latency architecture are a key area of focus [3] - RWA (Real World Assets) and private credit markets built on private, composable rails are targeted [3] - Onchain FX flows with Circle StableFX and Circle Payments Network are of interest [3] - Agentic commerce for autonomous systems and machine economies is a focus [3] - Energy and compute protocols powered by deterministic settlement are included [3] Important Notice - The Arc Builders Fund is a Circle Ventures corporate initiative, not a fund or vehicle being formed [2] - Circle Ventures is not an investment adviser or broker-dealer [2] - Investor Network members make independent decisions [2]

RT Naga Avan-Nomayo (@JeSuisNaga)“Aave will win,” says founder @StaniKulechovKulechov shared Aave’s future in the "2026 Master Plan."– V4 as the unified liquidity backbone– Horizon to onboard trillions in RWAs– Aave App as the “Trojan Horse” for mass adoptionThe master plan arrives amid DAO infighting — and just after the SEC closed its 4-year investigation.Full story on The Block 👇 ...

Market Overview - The Hong Kong stock market experienced a rebound in the afternoon, with all three major indices rising. The Hang Seng Index increased by 0.92%, the Hang Seng Tech Index rose by 1.03%, and the Hang Seng China Enterprises Index gained 0.98% [3] - Major technology stocks showed recovery, with Meituan, Baidu, Kuaishou, and Tencent rising by 1.81%, 1.72%, 1.72%, and 1.42% respectively [3] Financial Sector Performance - The financial sector played a significant role in the market's recovery, with major Chinese brokerage and banking stocks collectively rising. Notable increases included Shenwan Hongyuan up over 6%, and other firms like Citic Securities and China Life also showing strong gains [6] - Insurance stocks saw notable afternoon gains, with China Life, New China Life, and China Pacific Insurance rising by 4.31%, 3.19%, and 3.04% respectively [6] Commodity and Resource Stocks - The precious metals sector was active, with gold stocks like China Silver Group, Shandong Gold, and Zijin Mining rising by 7.35%, 2.47%, and 1.82% respectively [6] - Lithium-related stocks also saw significant increases, with Tianqi Lithium and Ganfeng Lithium rising by 5.83% and 5.75% respectively, driven by tightening supply expectations in the lithium market [8][9] Company-Specific News - Times China Holdings saw a dramatic increase of 39.25%, with intraday gains exceeding 57%, following the Hong Kong High Court's decision to withdraw its winding-up petition [12] - Guanglian Technology Holdings experienced a sharp decline of 37.28% after announcing the termination of a memorandum of understanding regarding cryptocurrency asset investment strategies [13]

Core Viewpoint - The Hong Kong stock market experienced a rebound in the afternoon, with major indices rising, driven by a recovery in technology stocks and a boost from the financial sector [2][4]. Market Performance - On December 17, the three major indices in Hong Kong saw significant gains: the Hang Seng Index rose by 0.92%, the Hang Seng Tech Index increased by 1.03%, and the Hang Seng China Enterprises Index climbed by 0.98% [4]. - Major technology stocks such as Meituan, Baidu, Kuaishou, and Tencent saw increases of 1.81%, 1.72%, 1.72%, and 1.42% respectively [4]. - The overall market turnover reached 183.1 billion, with net inflows from southbound funds amounting to 7.9 billion [6]. Financial Sector - The financial sector played a crucial role in the market's recovery, with significant gains in Chinese brokerage and banking stocks. Notable performers included Shenwan Hongyuan, which rose over 6%, and China Life, which increased by 4.31% [9][10]. Commodity Sector - The metals sector was notably active, with gold stocks such as China Silver Group, Shandong Gold, and Zijin Mining rising by 7.35%, 2.47%, and 1.82% respectively. The backdrop of a 25 basis point rate cut by the Federal Reserve is expected to enhance the long-term value of gold assets [12]. - Lithium stocks also performed well, with Tianqi Lithium and Ganfeng Lithium increasing by 5.83% and 5.75% respectively, amid tightening supply expectations following regulatory actions in the lithium mining sector [13]. Company-Specific Movements - Times China Holdings surged by 39.25% after the Hong Kong High Court revoked its winding-up petition, indicating a positive turnaround for the company [15][16]. - Conversely, Guanglian Technology Holdings experienced a significant drop of over 37% due to the termination of a memorandum of understanding regarding cryptocurrency investments, although the company stated it would not impact its financial status [18]. Future Market Outlook - Analysts predict that the Chinese stock market, including both A-shares and Hong Kong stocks, will trend upwards in 2024, with potential for reaching new highs in the latter half of the year [21]. - Structural opportunities are identified in four main areas: growth sectors, dividend assets, traditional industry leaders, and strategic asset allocation in commodities like gold and rare earths [22].

Core Viewpoint - Guanglian Technology Holdings (02531) experienced a significant decline of nearly 25% in its stock price, attributed to the termination of a memorandum of understanding with High West regarding cryptocurrency asset investment strategies [1] Group 1: Stock Performance - The company's stock fell by 24.24%, reaching HKD 10.75, with a trading volume of HKD 2.8256 million [1] Group 2: Strategic Developments - Guanglian Technology announced the termination of the memorandum of understanding with High West due to the inability to agree on terms, effective from December 15, 2025 [1] - The termination of the memorandum is not expected to have a significant adverse impact on the company's financial condition or operations [1] Group 3: Future Plans - The company remains committed to developing the smart connected vehicle asset RWA service platform, as disclosed in a previous announcement in July 2025 [1] - Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including the tokenization of traditional assets and the assetization of energy data related to electric vehicle charging infrastructure [1] - From February to May 2025, the management has researched the market for shared car rental platforms and short-term rental models, identifying shared mobility as a strategic entry point for RWA deployment [1]

RT Messari (@MessariCrypto)State of @BNBCHAIN Q3Key Update: BNB Chain had a breakout quarter with market cap surging to $140.4B (now #5 by market cap), DeFi TVL overtaking Tron for #3 spot at $7.8B driven by Aster's TGE, stablecoins expanding to $13.9B with USDe & USDF leading growth, and RWA adoption accelerating through Franklin Templeton's Benji integration and tokenized U.S. equities via xStocksFi.QoQ Metrics 📊• BNB market cap ↑51.6% to $140.4B• Daily transactions ↑35.3% to 13.3M• Daily active addresses ...

State of @BNBCHAIN Q3Key Update: BNB Chain had a breakout quarter with market cap surging to $140.4B (now #5 by market cap), DeFi TVL overtaking Tron for #3 spot at $7.8B driven by Aster's TGE, stablecoins expanding to $13.9B with USDe & USDF leading growth, and RWA adoption accelerating through Franklin Templeton's Benji integration and tokenized U.S. equities via xStocksFi.QoQ Metrics 📊• BNB market cap ↑51.6% to $140.4B• Daily transactions ↑35.3% to 13.3M• Daily active addresses ↑47.1% to 2.3M• DeFi TVL ↑ ...

Join us on @ShiftRWA's X Spaces to talk about the latest developments in the RWA ecosystem on BNB Chain!Live on 16 Dec at 11AM UTC 👇SHIFT (@ShiftRWA):SHIFTING GEARS: Episode 2 is coming and we invited the biggest names from the industry right now! 🎙️Join us for an open discussion with @web3benx from @BNBCHAIN, @hunter_nft from @wallchain, @ThenaFi, and our very own @micobz as we explore RWAs on BNB Chain, unpack BlackRock's https://t.co/1NGf2G1fff ...

Crypto Fundraising Overview - Top 10 crypto projects raised a total of $215.5 million last week [1] - LI.FI leads with $29 million raised for cross-chain API [1] - Real Finance also raised $29 million for L1 and RWA [1] Project Categories - Cross-Chain API: LI.FI raised $29 million [1] - L1 & RWA: Real Finance raised $29 million [1] - NFT & P2E: KOI raised $25 million [1] - Staking: TenX Protocols raised $22 million [1] - Payments: MetaComp raised $22 million [1] - Data Service & AI: Surf raised $15 million [1] - AI & L1: Helios raised $15 million [1] - RWA & Perpetuals: Cascade raised $15 million [1] - Non-USD Stablecoin: Crown raised $13.5 million [1] - Yield Aggregator: YO raised $10 million [1]

Core Viewpoint - Guanglian Technology Holdings (02531) has terminated the memorandum of understanding with High West due to the inability to reach a final agreement, effective from December 15, 2025, but this will not significantly impact the company's financial status or operations [1] Group 1 - The company remains committed to building the RWA service platform for smart connected vehicles as disclosed in the July 2025 announcement [1] - Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including the tokenization of traditional assets and the assetization of energy data from electric vehicle charging infrastructure [1] - From February to May 2025, the management has researched the shared car rental platform and short-term rental models, identifying shared mobility as a strategic entry point for RWA deployment [1] Group 2 - The company continues to explore data development and application for smart connected vehicles, having successfully registered multiple patents related to data processing and application as of September 1, 2025 [1] - During the 2025 Data Expo, the company was invited to share insights on ISO55013 data asset exchange [1] - The company believes that the tokenization of data assets related to smart connected vehicles will become a new opportunity and trend as RWA develops [1] Group 3 - The company will actively explore and expand its RWA business direction, leveraging its accumulated expertise in data development and application for smart connected vehicles [2] - The company aims to build a leading automotive RWA service platform and seek professional compliant cryptocurrency resources and related service institutions to help partners realize the value of automotive data assets [2] - Prior to any formal implementation, the company will seek professional legal advice and conduct thorough compliance assessments to ensure the legality and regulatory compliance of any potential issuance of such data assets [2]