Group 1 - The core point of the article highlights that the RWA protocol has captured over $36 million in fees this month, setting a historical monthly record [1] - Grayscale accounted for $21.2 million of the total fees, which primarily comes from management fees paid by ETP holders [1] - The annualized fees from Grayscale exceed $300 million [1]

Tokenization continues to heat up in a big way. We have been seeing all-time highs getting broken in just a matter of days because of how fast institutional players and Wall Street are moving on chain. And this is something that you cannot avoid at this moment in this space.I understand that price action might be negative, but fundamentals are still very positive, especially in the long-term span of things. I have been fully focused on tokenization because I do believe that it is going to be one of the bigg ...

RT Arbitrum (@arbitrum)Spiko adding $300M of RWA TVL to Arbitrum highlights a bigger trend:Tokenization grows fastest on platforms built for it with predictable fees, high-throughput execution and deep liquidityArbitrum is becoming the preferred environment for institutional-grade credit products ...

Core Insights - IOTA's strategic focus has shifted from speculative cryptocurrency to building infrastructure for the $35 trillion global trade market [1] Group 1: Strategic Shift - IOTA aims to address inefficiencies in traditional trade by vertically integrating digital identity, real-world assets (RWA), and trade finance [1] Group 2: Implementation and Partnerships - The IOTA-based TWIN network has been implemented in Kenya and the UK, and is collaborating with the World Economic Forum to advance the African digital trade initiative ADAPT [1] Group 3: Technological Upgrades - With the Rebased upgrade, IOTA has introduced a token deflation mechanism and is focused on the tokenization of commodities and trade receivables [1]

📰 #AscendEX Daily Updates🔷The tokenized RWA TVL has reached $21 billion, with US Treasury bonds accounting for 42.4%.🔷X platform releases a list of leading accounts in various industries, with figures from the crypto industry like CZ and Vitalik making the list.🔷The Russian Constitutional Court ruled that crypto assets are protected under property rights.#AscendEX #Crypto #CryptoNews ...

Core Viewpoint - The article discusses the strategic maneuvers of Chen Guoqiang, a prominent figure in Hong Kong's capital market, particularly focusing on the transformation of Deshang Real Estate and the aggressive tactics employed by Ruikai Group to gain control over it [1][3][4]. Group 1: Strategic Moves - Ruikai Group's operation is characterized as a "textbook-level control battle," where it initially acquired a 10% stake and subsequently increased its holding to 30.90% through a secondary issuance and structured warrants, investing HKD 470 million at a 68% premium [3]. - The details of a HKD 1.70 exercise price and a one-year lock-up commitment reveal Ruikai's long-term ambitions, aiming for absolute control rather than short-term gains [3][4]. Group 2: Transformation of Deshang Real Estate - Chen Guoqiang's strategy involves selling off nearly HKD 1 billion in overseas and local properties, which appears to be asset reallocation but is actually a move to dismantle his real estate foundation for the next generation [4]. - The collaboration between Chen Guoqiang and Ruikai is framed as a "cross-generational dialogue," combining Chen's clean shell and market credibility with Ruikai's RWA technology and capital allocation system to pivot Deshang Real Estate into the digital asset infrastructure sector [4][5]. Group 3: Competitive Advantages - Ruikai's strength lies not only in financial resources but also in its ability to inject social resources and operational capabilities into the target company, providing long-term liquidity and connecting with high-quality resources in the new capital cycle [4]. - The involvement of Wu Jiezhuang, a legislative council member, adds a significant policy endorsement, reinforcing Deshang's compliance as an RWA vehicle and signaling strong market confidence in its long-term prospects [4]. Group 4: Valuation Perspective - Deshang Real Estate's valuation should no longer be based on traditional real estate logic, as Chen Guoqiang is transitioning the company from physical asset sales to digital asset issuance through RWA technology [5]. - The article emphasizes the need for investors to reconsider the potential valuation ceiling of a company that shifts its foundational logic from "selling land" to "issuing digital assets," highlighting the significance of this capital game in the Hong Kong market [5].

Core Viewpoint - The hotel industry is experiencing a dichotomy, with some players struggling while others thrive through innovation in operations and business models, emphasizing efficiency and cash flow health over mere expansion [1][3]. Group 1: Industry Trends - The economic hotel segment is shrinking, with brands like Pudding Hotel and Wan Feng exiting the market, while leading players like Huazhu and Atour are leveraging "stay + retail" and AI technology to enhance their operations [1][3]. - The focus has shifted from opening new locations to improving operational efficiency and innovating business models, as the era of aggressive expansion is over [1][3]. Group 2: Financial Challenges - The hotel industry is capital-intensive, with long payback periods, particularly for mid-range hotels, which now have a return cycle extending to 5-6 years, compounded by tightening financing conditions [3][4]. - Many innovative ideas are hindered by a lack of funding, as hotels face significant financial pressure [3][4]. Group 3: Digital Hotel Solutions - A new digital hotel solution has emerged, aiming to tokenize future revenue rights of hotels into digital equity, allowing public investors to purchase these rights [4][6]. - For example, a hotel with 300 rooms can issue 20,000 digital rights at 2,000 yuan each, generating 40 million yuan in cash without incurring debt, effectively "securitizing" future room revenues [6][7]. Group 4: Benefits of Digital Solutions - This approach provides quick capital for hotels, allowing them to bypass traditional financing routes and directly attract market investment [7][9]. - Tokenizing assets enhances liquidity, enabling holders to transfer rights in a compliant secondary market, thus unlocking the value of previously illiquid assets [7][9]. - The model fosters a win-win ecosystem where equity holders are also long-term customers, enhancing customer loyalty and trust through transparent digital technology [7][10]. Group 5: Future Outlook - With the influx of funds from digital equity sales, hotels can further develop their "stay + retail" offerings, creating more sophisticated environments and products [9][10]. - The integration of AI with clear user profiles and blockchain data can lead to more precise service delivery and automated management of rights [9][10]. - The hotel industry is likely to evolve into a multifaceted value platform that combines investment, consumption, and brand experience, moving beyond traditional accommodation services [10].

Core Viewpoint - The article discusses the strategic collaboration between Ocean Group and He Yan International Cultural Industry Co., Ltd., focusing on the integration of digital content, cultural assets, and global dissemination in the context of the rapidly evolving digital content industry [1][3]. Group 1: Strategic Collaboration - Ocean Group has formed a strategic partnership with He Yan International to enhance its capabilities in digital marketing, AI digital personas, multilingual content distribution, and global traffic operations [1][2]. - He Yan International aims to explore sustainable development models for cultural content in the digital economy, emphasizing the integration of cultural content with modern technology and business models [2][3]. Group 2: Technological Integration - Ocean Group is leveraging its digital marketing infrastructure to provide comprehensive solutions for cultural IP, including content generation, brand building, and global dissemination [3][4]. - The collaboration aims to transform traditional cultural dissemination methods into a scalable and sustainable digital asset dissemination system, utilizing advanced technologies like blockchain and AI [3][4]. Group 3: Cultural IP Globalization - The partnership reflects a shift in cultural IP globalization from being sentiment-driven to system-driven, with platforms that possess technical capabilities, content understanding, and global operational experience becoming central to the new wave of content dissemination [5]. - Ocean Group's investments in digital marketing, AI digital personas, and RWA asset management position it to convert content value into long-term asset value [5][6]. Group 4: Future Pathways - Ocean Group is building a digital content and asset operation platform that spans multiple industries and scenarios, aiming for stable and sustainable value growth in the digital economy [6].

Market Overview - The market has shown signs of a potential pullback after a recent rally, indicating a need for caution against chasing prices [1] - In the last 24 hours, a total of 133,426 individuals experienced liquidation, amounting to $452 million, with long positions liquidated at $194 million and short positions at $259 million [1] Key Cryptocurrency Levels - **Bitcoin (BTC)**: The critical level is $96,920; closing above this may signal the end of a short-term pullback, with resistance at $97,940, $99,800, and $101,500. If it fails to close above $96,920, support levels to watch are $95,700, $94,660, and $93,510 [3] - **Ethereum (ETH)**: The key level is $3,330; if it holds above this, a short-term pullback may conclude, with resistance at $3,400, $3,445, and $3,490. A close below $3,330 could lead to further pullback, with support at $3,275, $3,227, and $3,170 [5] - **BNB**: The critical level is $940; closing above this may indicate the end of a pullback, with resistance at $955, $970, and $985. If it cannot reclaim $940, support levels are $929, $917, and $907 [7] - **Solana (SOL)**: The key level is $145; a breakout above this could signal the end of a short-term pullback, with resistance at $148, $152, and $156. If it remains below $145, support levels to monitor are $143, $140, and $137 [9] Market Dynamics - The overall market uptrend has led to a liquidity influx benefiting both major and altcoins, although previously high-performing coins have started to decline [11] - The recent downturn in the BSC meme coin market is seen as a natural market correction, with expectations for new cycles to emerge as the market stabilizes [13] - The performance of $RIVER has been highlighted, with a successful short position yielding over 30% profit, demonstrating effective trading strategies [13] Notable Tokens - **Chainlink (LINK)**: Considered a stable investment with lower volatility; if it holds above the daily resistance of $15, it could target $17, supported by its role in RWA projects [15] - **Internet Computer (ICP)**: The potential for a significant price increase is noted, with comparisons to previous surges in the storage sector, particularly in the context of the AI boom [17]

Group 1 - Bitcoin surged past the $95,000 mark influenced by CPI data, indicating a consensus leaning towards potential interest rate cuts by the Federal Reserve [1] - The overall cryptocurrency market experienced a mild rebound, with a total market capitalization increase of 0.75% to approximately $3.13 trillion, and a 24-hour price increase of about 4.52% [1] - Ethereum (ETH) showed strong performance with a price increase of approximately 7.46%, benefiting from a recovery in on-chain activity [3] Group 2 - Institutional ETF inflows were robust, with Bitcoin ETF net inflows reaching $753 million, although macroeconomic uncertainties limited further price increases [3] - Ethereum's on-chain transaction volume grew by 6.8% to 2.05 million transactions, with accelerated adoption in DeFi and Real World Assets (RWA) [3] - JPMorgan predicts that Ethereum could surpass Bitcoin by 2026, with price forecasts ranging from $4,500 to $7,000, and an optimistic scenario suggesting a price of $11,000 [3]