Core Insights - Trump Media Group, Cryptocom, and SPAC company Yorkville have announced a business merger agreement to form Trump Media Group CRO Strategy Inc, aiming to raise approximately $6.42 billion to establish a CRO digital asset treasury company [1] Financing Details - The financing round includes $1 billion equivalent in CRO, $200 million in cash, $220 million in mandatory convertible warrants, and a $5 billion equity credit facility [1] Strategic Focus - The new company will focus on large-scale purchases and staking of CRO, deploying validator nodes to earn staking rewards and reinvest to enhance capital efficiency, building a digital economy infrastructure centered around CRO [1] Corporate Changes - Following the merger, Yorkville will be renamed MCGA and will be listed on NASDAQ [1] Token Information - CRO is the native token of the Cronos blockchain, which is developed by the cryptocurrency exchange Cryptocom [1]

Core Insights - The company reported a supply chain asset service scale of 203.6 billion RMB and total revenue of 370 million RMB for the first half of 2025, with a focus on core business transformation and operational efficiency [1][2] - The company launched a global trade finance digital asset strategy, introducing Digital Trade Token (DTT) and Asset Backed Token (ABT) as part of its "StableCoin+" initiative [1][8] - The company plans to repurchase at least 80 million USD worth of shares in the next 12 months, reflecting confidence in its growth strategies [1][11] Business Performance - The supply chain financial technology solutions processed a total of 203.6 billion RMB in assets, with the multi-level circulation cloud business growing by 54% year-on-year to 133.2 billion RMB [2] - The company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase from 2024 [3] - The average financing cost for small and micro enterprises served by the company was only 2.86% [7] Technological Advancements - The company has established a comprehensive AI technology matrix for supply chain finance, integrating domestic AI models and enhancing its proprietary LDP-GPT model [4] - The company completed the deployment of its AI-driven solutions in over 30 core enterprises and financial institutions, improving operational efficiency [4] Strategic Initiatives - The company is expanding its international supply chain finance layout, achieving double-digit growth in cross-border cloud asset services [6] - The company is committed to sustainable supply chain finance, with assets in sustainable supply chains exceeding 29 billion RMB, a 97% increase year-on-year [7] - The company is actively pursuing strategic acquisitions to diversify its growth drivers [5] Future Outlook - The company aims to leverage AI and compliant stablecoins to reshape cross-border capital flows and enhance financial system resilience amid global economic uncertainties [10][11] - The company is set to explore innovative applications of digital assets in real-world asset tokenization and cross-border digital payments [10]

Core Viewpoint - The company plans to repurchase shares worth no less than 80 million USD within the next 12 months, indicating confidence in its intrinsic value and business prospects [1] Group 1 - The board may decide to utilize the share repurchase authorization further depending on market conditions [1] - The board believes that the current trading price of the shares does not reflect their intrinsic value and the company's business outlook [1] - The proposed share repurchase reflects the board and management's confidence in the company's core strategies, including "AI + industrial finance" and digital assets [1] Group 2 - The board considers the share repurchase to be in the best interest of the company and its shareholders [1]

公司将以其现有可用现金储备及自由现金流量拨支建议股份购回。 联易融科技-W(09959)发布公告，该公司董事会已决定行使根据公司股东于2025年6月17日通过的决议案 给予董事会的一般授权项下的权力，以购回公司B类普通股，并于本公告刊发之日后12个月内使用不低 于8000万美元的资金购回股份。董事会亦可能决定随市况变化而进一步动用股份购回授权。 公告称，股份目前的成交价并未反映其内在价值及公司的业务前景。建议股份购回反映董事会及管理层 团队对公司围绕"AI+产业金融"及数字资产等核心战略实现持续稳健增长的信心。董事会认为建议股份 购回符合公司及其股东的整体最佳利益。 ...

智通财经APP讯，联易融科技-W(09959)发布公告，该公司董事会已决定行使根据公司股东于2025年6月 17日通过的决议案给予董事会的一般授权项下的权力，以购回公司B类普通股，并于本公告刊发之日后 12个月内使用不低于8000万美元的资金购回股份。董事会亦可能决定随市况变化而进一步动用股份购回 授权。 公告称，股份目前的成交价并未反映其内在价值及公司的业务前景。建议股份购回反映董事会及管理层 团队对公司围绕"AI+产业金融"及数字资产等核心战略实现持续稳健增长的信心。董事会认为建议股份 购回符合公司及其股东的整体最佳利益。 公司将以其现有可用现金储备及自由现金流量拨支建议股份购回。 ...

Group 1 - The core viewpoint of the articles highlights a significant divide between traditional fund managers and the growing acceptance of digital assets by corporations, indicating a potential transformation in financial industry practices [1][3][5] - Despite record inflows into Bitcoin spot ETFs, three-quarters of global fund managers remain hesitant to engage with digital assets, reflecting a deep-seated cognitive bias rather than technical or regulatory barriers [1][3] - Traditional fund managers often equate the entire cryptocurrency market with high-risk speculation, overlooking valuable innovations and investment opportunities within the sector [3][5] Group 2 - Companies are increasingly integrating cryptocurrencies into their financial management strategies, with MicroStrategy leading the way by accumulating Bitcoin and raising $310 million to purchase $357 million worth of Bitcoin [5][6] - The actions of these companies signify a new approach to financial management, viewing cryptocurrencies as tools for diversifying balance sheets and hedging against fiat currency inflation [6][9] - The growing interest in digital assets among individual and institutional investors is not matched by traditional investment managers, leading to a loss of clients in the asset management industry [3][6] Group 3 - Establishing effective educational frameworks is crucial for bridging the cognitive gap, with Franklin Templeton developing a three-tiered communication strategy targeting central bank officials, institutional intermediaries, and retail investors [8] - Traditional financial institutions are attempting to apply familiar valuation frameworks to understand digital assets, using discounted cash flow models to analyze blockchain networks like Solana [8][9] - As economic pressures mount and traditional yield sources decline, cryptocurrencies are emerging as alternative revenue sources, with staking mechanisms offering annual returns between 3-15% [9]

Core Viewpoint - Swedish company PixelFox has increased its holdings in Ethereum (ETH) and Binance Coin (BNB) as part of its digital asset capital strategy [1] Group 1 - PixelFox is focusing on enhancing its digital asset portfolio by investing in major cryptocurrencies [1] - The decision to increase holdings in ETH and BNB indicates a strategic move to capitalize on the growth potential of these digital assets [1]

Core Viewpoint - Feiyang International Holdings Group Limited has successfully completed a directed share placement, raising HKD 33 million, which marks a significant step in the company's "Cultural and Tourism RWA" strategy and signals the acceleration of digital transformation in the cultural tourism industry [1] Group 1: Fundraising and Strategic Direction - The company allocated half of the raised funds (approximately HKD 16.5 million) towards digital asset business development, aligning with current trends in the digital transformation of the cultural tourism sector [1] - The digital asset business will focus on three main areas: operational assets through tourism product sales, cultural intellectual property assets related to scenic spots, and service-related assets including premium tour services [1][2] Group 2: Digital Asset Development - The "existing business digital extension" model reduces trial and error costs for new ventures and creates synergies with existing tourism services and cultural product sales [2] - The core highlight of this layout is the research and application of RWA (Real World Assets) technology, which aims to convert real tourism assets into traceable and tradable digital assets using blockchain technology [2] Group 3: Strategic Investors and Market Recognition - The directed share placement primarily attracted strategic investors, indicating strong market recognition of the long-term value and feasibility of the company's "Cultural and Tourism RWA" strategy [4] - Strategic investors are expected to provide not only financial support but also technological, industrial, and market resources, enhancing the company's digital asset business development [4] Group 4: Industry Impact and Future Outlook - The company's actions serve as a benchmark in the cultural tourism industry, which is transitioning from traditional services to digital empowerment, addressing common challenges faced by many enterprises [4] - As the digital asset business gradually materializes, the company's competitiveness in the cultural tourism digital space is expected to increase, laying a solid foundation for long-term development and potential valuation enhancement [5]

Core Viewpoint - 瑞和数智 plans to diversify its revenue sources by engaging in cryptocurrency business through cloud mining services provided by Bitmain, an independent third party [1][2] Group 1: Business Strategy - The company aims to establish a new revenue stream through cryptocurrency mining, which is expected to provide additional income [1] - The board believes that Bitcoin mining as an independent business segment offers opportunities in digital assets and emerging technologies, aligning with the strategic value amid increasing macroeconomic uncertainties [1] - This initiative is in line with the Hong Kong government's policy direction regarding blockchain and digital asset innovation [1] Group 2: Risk Management and Operational Efficiency - By outsourcing Bitcoin mining to a leading service provider, the company can transfer some risks and responsibilities, avoiding significant upfront capital expenditures on hardware and infrastructure [2] - This arrangement reduces operational complexities and risks associated with hardware failures, energy management, and technical challenges [2] - The company retains the right to purchase mining machines, allowing for direct control over mining operations and hardware when necessary [2] Group 3: Market Alignment - The company's move to expand into cryptocurrency aligns with the rapid development of the digital economy and virtual asset industry in Hong Kong [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 董 事 會 認 為，比 特 幣 挖 礦 作 為 獨 立 業 務 板 塊，可 為 本 集 團 提 供 不 同 於 傳 統 運 營 及 投 資 模 式 的 數 字 資 產 及 新 興 技 術 領 域 的 機 會。在 當 前 宏 觀 經 濟 不 確 定 性 增 加 的背景下，此類業務更具戰略價值。此外，該業務不僅具有高回報潛力，還能推 動 本 集 團 佈 局 區 塊 鏈 及 數 字 資 產 創 新 領 域，確 立 公 司 的 前 瞻 性 定 位，與 香 港 特 別行政區政府相關政策導向相契合。 – 1 – Ruihe Data Technology Holdings Limited 瑞和數智科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3680） 自願性公告– 通過開展加密貨幣業務 拓展收入來源 本 自 願 性 公 告 由 瑞 和 數 智 科 技 控 股 有 限 公 司（「本公司」，連 同 ...