Core Insights - Nvidia's market capitalization reached $5 trillion, marking a historic milestone for publicly traded companies, achieved in just 113 days, showcasing the explosive growth of AI technology [2][4] - In stark contrast, the cryptocurrency market is experiencing a severe downturn, characterized by capital flight, innovation stagnation, and a collapse of confidence [2][10] Group 1: Nvidia's Market Performance - Nvidia's valuation surpasses that of most countries' annual GDP, with its market cap exceeding the total value of global cryptocurrencies by $1.2 trillion [5] - The company's market cap is over 60% of the combined valuations of Apple and Microsoft, establishing it as a new benchmark in the tech industry [6] - The S&P 500 index has shown strong performance, with a return rate that has outpaced Bitcoin this year, positioning it as a safe haven for capital [6][18] Group 2: Cryptocurrency Market Decline - The cryptocurrency market, once thriving, is now facing a significant decline, with Bitcoin's market cap at approximately $2.3 trillion, accounting for 62% of the total crypto market [7] - Altcoins have suffered greatly, with a combined market cap of about $1.5 trillion, down nearly 30% since the beginning of the year, leading to liquidity crises for many tokens [9] - The shift in capital from cryptocurrencies to stocks is evident, particularly in the South Korean market, where the KOSPI index has surged nearly 71% this year [10][11] Group 3: Internal Challenges in Cryptocurrency - The cryptocurrency market is facing internal issues, with a 30% decrease in the number of developers on GitHub, indicating a halt in innovation [16] - Many altcoins lack clear use cases and have flawed economic models, leading to a reliance on speculative trading rather than real value creation [15] - The absence of regulatory frameworks has exacerbated the uncertainty in the crypto market, highlighted by recent events that have shaken investor confidence [22][23] Group 4: Comparative Analysis with Traditional Assets - In the competition with traditional assets, cryptocurrencies have failed to maintain their "high risk, high reward" appeal, as evidenced by the S&P 500's superior returns supported by solid corporate earnings [18][20] - Gold has emerged as a preferred safe-haven asset, with prices surpassing $4,300 per ounce, while Bitcoin struggles to transition from a risk asset to a reliable hedge [21][22] - The current capital migration reflects a preference for assets with visible profitability and controlled risks, making it challenging for cryptocurrencies to attract investment [24]

Fastest growing RWA on @ethereum in the past 30d?@worldlibertyfi USD1, with supply up +121.5% in the past month. https://t.co/bfiNFYDdrr ...

⚡️ LEARN: Why is crypto talking about RWAs in 2025?Higher yields, MiCA traction and blue-chip issuers have turned tokenization from pilots into products. https://t.co/EXGEFtN1Sl ...

RT Capital Markets (@capitalmarkets)Solana doesn't do quiet weeks and this week was a “seriously big week.” It doesn't just knock on Wall Street's door, it rings the NYSE closing bell itself.From record breaking ETFs to Stablecoin adoption here’s everything that happened this week:- @BitwiseInvest debuted BSOL, an SEC-approved Solana Staking ETF with record $56M Day 1 volume among 850 ETF launches in 2025- @Grayscale launched its Solana Trust ETF, GSOL- $417M in weekly Solana ETF inflows led all crypto ETPs ...

格隆汇11月3日丨大禹节水(300021.SZ)在投资者互动平台表示，公司目前尚未产生RWA领域的业务收 入。 ...

（央链直播 北京讯）近日，聚焦区块链、数字资产与RWA（现实世界资产）融合的专业著作《链改 2.0：从数字资产到 RWA》凭借对"链改2.0时代"核心逻 辑的深度拆解与实践路径的清晰梳理，成功入选 2025年10月百道好书榜财经类第三名，成为当下数字经济与金融创新领域的热门读物。 图书 全球系列图书 中国移动通信联合会可信资产与数链金融专委会 中国通信工业协会区块链专委会、香港RWA全球产业联盟 本"RWA全生态战略布局。 中国出版集团 中译出版社 中国出版集L 中详出版社 - 共同出品 《链改 2.0：从数字资产到 RWA》由柳志伟、张烽、窦俊、佟世天、徐一仁、周胜、何超七位行业专家联合撰写，汇聚了区块链技术应用、金融资产数字 化、产业协同等领域的前沿实践经验。该书由中国出版集团旗下中译出版社2025年10月正式出版。作为"物链芯工程与央链全球系列图书"之一，由三大权威 机构——中国移动通信联合会可信资产与数链金融专委会、中国通信工业协会区块链专委会、香港 RWA 全球产业联盟，联合国富量子创新共同出品，本书 从学术高度与产业实践双重维度保障了内容的专业性与落地性。 全书以从数字资产到 RWA为核心主线，系 ...

证券代码：300040 证券简称：九洲集团 哈尔滨九洲集团股份有限公司 投资者关系活动记录表 编号：2025-008 | 投资者关系活动 □特定对象调研 | □分析师会议 | | --- | --- | | 类别 | | | □媒体采访 | □业绩说明会 | | □新闻发布会 | 路演活动 | | □现场参观 | | | □其他 | （ ） | | 参与单位名称及 | 陶贻功-银河证券 | | 人员姓名 | | | 周涛-华金证券 | | | | 王欢-国泰海通证券营业部 | | 杨丹-银华基金 | | | 王鹏-风炎投资 | | | | 牛永涛-北京弘君私募基金 | | 时间 2025 年 | 10 月 28 日 | | 地点 北京 | | | 上市公司参与人 | 投资者关系经理-李浩轩 | | 员姓名 | 一、公司情况介绍 | | | 九洲集团创立于 | | | 1993 年，始终专注于智能配电网和网络能源领 | | | 域，是领先的新型电力和能源基础设施提供商。公司是国家重点高新 | | 技术企业，于 | 2010 年在中国创业板成功上市（股票代码：300040）。 | | 投资者关系活动 | 九洲集 ...

The Daily: Standard Chartered sees major RWA growth on Ethereum, CZ challenges Sen. Warren, and more https://t.co/Wfyld3kG4k ...

Larry Fink wants to tokenize everything.Therefore, I pay attention to the top RWA crypto projects that will be or are ETFs.It's very simple. ...

Core Viewpoint - The company has entered into a non-binding strategic cooperation memorandum with Ark Holdings (Shenzhen) Group to establish a joint venture in Hong Kong, focusing on digital business development, particularly in the areas of Real World Asset (RWA) digital transformation and AI-enabled business expansion [1] Group 1: Strategic Cooperation - The memorandum outlines plans for a joint venture aimed at developing digital business, emphasizing RWA digital transformation and AI capabilities for enterprises [1] - Ark Holdings is a China-registered group focused on building a global digital ecosystem, with expertise in enterprise digital transformation and RWA technology applications [1] - The partnership is expected to enhance the company's competitiveness and shareholder value through the integration of digital technology with the real economy [1] Group 2: Business Diversification - The company is actively transitioning towards AI and RWA sectors, exploring innovative measures to enhance competitiveness and shareholder value [1] - The board believes that this cooperation aligns with the company's strategic direction of exploring digital business opportunities and promoting business diversification [1] - The collaboration aims to leverage Ark Holdings' technology and resources in the digital ecosystem and RWA fields to create new business models [1]