Group 1 - Bitcoin experienced a short-term decline to the level of $108,000, with a drop of over 1.30% [1] - Trump Media and Technology Group (TMTG) denied reports of raising $3 billion for cryptocurrency investments, calling the source of the news foolish [3] - Whale trader James Wynn increased his Bitcoin long position to $790 million, currently facing a floating loss of $582,000 [5] Group 2 - Dubai launched the first licensed tokenized real estate project in the MENA region, indicating a growing interest in real-world asset tokenization [6] - The project allows individual investors to purchase tokenized shares of Dubai real estate starting at 2,000 AED (approximately $545), with all transactions conducted in AED during the pilot phase [6] - The initiative aims to attract global investors and enhance liquidity in the Dubai real estate market [6] Group 3 - Bitcoin's price found support around $106,650 and began an upward correction, breaking through resistance levels of $107,500 and $108,000 [8] - Key resistance levels for Bitcoin are identified at $110,000 and $110,750, with potential further increases if the price closes above $111,800 [8] - If Bitcoin fails to break the $110,000 resistance, it may initiate a new round of corrections, with immediate support at $109,200 [9]

Group 1 - The core concept revolves around Real World Assets (RWA), which digitalizes physical assets with actual value and economic significance, enabling their transformation into tradable digital tokens through securitization and blockchain technology [1] - RWA combines the mature experience of Real Estate Investment Trusts (REITs) with blockchain's distributed ledger and smart contract features, enhancing liquidity and transparency while reducing transaction costs [1][5] - The integration of RWA and Revenue-Based Financing (RBF) creates a powerful synergy that addresses the challenges of narrow financing channels and enhances the efficiency of resource allocation in the economy [5][6] Group 2 - RBF allows companies to convert future expected income streams into immediate capital without relinquishing equity or providing substantial collateral, thus opening new financing avenues [3][5] - The RBF model utilizes discrete function algorithms to structure and discount future cash flows, enabling businesses to access funds in advance for growth opportunities [3][6] - The combination of RWA and RBF not only resolves financing difficulties for enterprises but also promotes a healthy circulation between on-chain and off-chain economies, facilitating efficient resource flow [5][8]

以太坊正在进行一场公开的"自我重塑"，希望通过"万亿美元安全计划"来巩固其作为未来结算层的地 位，并押注现实世界资产的代币化。 5月14日以太坊在其官方博客中宣布万亿美元安全计划，旨在将以太坊定位为个人和机构的未来结算 层，以此迎接现实世界资产代币化（RWA）的主流趋势。这一举措的核心在于强调以太坊十年来的稳 定运行时间和去中心化的验证者集合，以此来证明其有能力保障万亿美元级别的价值。 根据以太坊官宣内容来看，"万亿美元安全计划"包含三个部分： 然而，这种雄心勃勃的愿景也引发了质疑。Arca的研究主管Katie Talati认为： 这更像是一种市场营销策略，而非真正的技术创新。仅仅依靠这一声明不足以重新吸引开发 者和用户的注意力。尽管如此，以太坊的长期发展仍然值得关注，尤其是在用户体验和用户 界面方面做出改进之后，或许能吸引更多的开发者。 有媒体指出，机构投资者对此是否买账也仍未可知。美国现货以太坊ETF目前尚未获得机构的广泛认 可，截至5月15日净流出近4000万美元，同期12只现货比特币基金则净流入80亿美元。 尽管ETF和质押收益有望提升以太坊的吸引力，但机构买家是否会被抽象的安全叙事所打动仍有待观 察 ...

2025年5月20日，国际金融市场迎来重大转折点，美国总统特朗普突然宣布俄罗斯和乌克兰将立即开始 停火谈判。币界网数据显示，这一消息在全球数字货币交易平台引发连锁反应，XBIT去中心化交易所 平台24小时内比特币交易量激增67%，创历史新高。 "地缘政治变化正重塑全球金融格局，"XBIT首席战略分析师表示，"我们平台实时监测到大量机构资金 正从传统避险资产转向数字资产，这一趋势在特朗普宣布促成俄乌谈判后明显加速。"作为领先的数字 货币交易平台，XBIT已优化其流动性池，确保在市场波动期间提供稳定高效的交易服务。 特朗普家族深度布局加密资产 特朗普家族全面融入加密货币领域的战略动作正为市场注入信心。币界网监控显示，自特朗普3月初签 署行政命令将五种主流加密货币纳入美国战略储备以来，XBIT平台上这些资产的交易量激增超过 110%，用户增长率超过85%。 贝莱德主导RWA变革，传统金融加速数字化转型 贝莱德在RWA(现实世界资产代币化)领域的战略推进也是当前市场关注焦点。币界网报道数据显示，截 至5月，贝莱德代币化货币市场基金BUIDL的总锁仓价值已突破28亿美元，稳居全球首位。贝莱德还向 美国证监会申请，计划与 ...

Core Insights - The core concept of RWA (Real World Assets) is to utilize blockchain technology for asset ownership verification and fragmentation, enabling high-value assets like commercial real estate to be divided into multiple token units [1] Group 1: Technological Implementation - The implementation involves three key stages [2] - Tokenization of assets allows for fractional ownership, significantly lowering investment thresholds, as seen with platforms like RealT and Maecenas [1][3] - The tokenization of carbon credits by Toucan Protocol has reduced trading costs by 82% and increased market liquidity by 12 times [4] - Goldman Sachs and Coinbase's collaboration on tokenized treasury funds has shown a 300% increase in turnover rates for institutional investors [5] - The TradeLens platform by Maersk and IBM has reduced trade financing processing time from 7 days to 15 minutes, improving capital utilization by 65% [5] Group 2: Market Dynamics - The democratization of alternative investments is exemplified by Maecenas, which has lowered the investment threshold for high-value art pieces from millions to hundreds of dollars [3] - Traditional financial giants like BlackRock and Morgan Stanley are entering the RWA space, with BlackRock's BUIDL fund managing over $5 billion [7] - Regulatory frameworks are evolving, with the EU's MiCA legislation and Singapore's Project Guardian establishing standards for tokenized assets [8] Group 3: Ecosystem Innovations - The Decentraland platform is exploring virtual real estate collateralized lending, enhancing the utility value of digital assets by three times [9] - Legal structures are being established to protect token holders' rights and ensure asset risk isolation through special purpose vehicles (SPVs) [10] - The value anchoring mechanism using Chainlink oracles for real-time asset valuation updates is being implemented [10] Group 4: Future Outlook - The true value of RWA extends beyond technology, fundamentally reshaping asset allocation logic and breaking traditional financial market constraints [12] - PwC predicts that by the 2030s, the market for tokenized assets will exceed $16 trillion, representing 14% of global GDP [12]

Core Viewpoint - RWA (Real World Assets) represents a paradigm shift from "digital bubbles" to "real asset generation," utilizing blockchain technology to tokenize physical assets for global trading, attracting significant institutional interest [1][3]. Group 1: Definition and Mechanism - RWA refers to the tokenization of real-world assets, enabling fractional ownership and liquidity for traditionally illiquid assets like real estate and equipment [3]. - The technology allows for the creation of tokens that represent a share of the operational revenue from assets, making investment accessible to smaller investors [3][4]. - RWA aims to address the market's need for assets that anchor real value, contrasting with speculative cryptocurrencies [3][4]. Group 2: Market Applications and Trends - RWA has transitioned from concept to practical applications, with high-quality assets like U.S. Treasury bonds and structured credit being prioritized for tokenization [6]. - The potential for RWA extends to various asset classes, including real estate, renewable energy, and public projects, characterized by high value, low liquidity, and stable returns [6][8]. - Major tech companies are increasingly entering the RWA space, recognizing the strategic opportunity for transformation in the financial technology sector [7][8]. Group 3: Challenges and Risks - Despite the optimism surrounding RWA, the market faces challenges, including the proliferation of pseudo-RWA projects that undermine trust [9][11]. - Regulatory compliance remains a significant barrier, with many RWA projects limited to primary markets and professional investors, leading to liquidity issues [9][10]. - The complexity of asset rights and ownership distribution poses technical challenges, particularly in sectors like distributed solar energy [10][11]. Group 4: Future Outlook and Recommendations - The future of RWA could be promising if legal frameworks, technical standards, and market mechanisms are effectively coordinated [12]. - Establishing clear legal attributes and rights for RWA assets, along with standardized asset evaluation and disclosure practices, is essential for market health [12]. - Collaboration between financial intermediaries and regulatory bodies is necessary to ensure the integrity and security of RWA transactions [12].

本报讯 （记者矫月）5月10日，产通链CT-CHAIN首届生态治理会在浙江杭州召开，本次会议聚焦区块 链技术与产业数字化深度融合。汇聚区块链技术专家、法律合规顾问、产业投资人及数字经济研究机构 代表，共同探讨区块链技术与实体经济深度融合的创新路径，并深入结合王世渝教授"从资本到RWA （现实世界资产数字化）"理论，提出数字经济时代资产价值重构的解决方案。 会上，香港犀牛世纪集团董事会主席马浩棋介绍产通链CT-CHAIN是面向跨链产业互联的区块链基础设 施，致力于通过RWA资产数字化与智能合约技术，构建多中心化协同治理机制、高协同的全球价值网 络，推动实体经济与数字经济的深度融合，强调其"多中心化协同治理机制协作机制"将支持多链资产互 通。 浙江省数字内容研究院专家徐麟提出，长三角数字经济与跨链生态的协同需依托联合实验室，推动数字 内容产业与区块链技术深度融合。 北京德恒（宁波）律师事务所办公室管理合伙人王焕承 表示，RWA需在数据跨境流通与智能合约法律 效力等层面建立新规则，为跨链生态提供合规保障。 会议最后，香港犀牛世纪集团董事会主席马浩棋宣布正式启动CT-CHAIN核心治理架构，为产通链的未 来发展奠定坚 ...

你每日的手机使用时间是多少？越来越多的人手机使用时长日均8小时以上——这相当于一份全职工作的日均时 长。 或许就如唐娜·哈拉维在20世纪80年代所讨论的"赛博格"，当下的我们已经彻底成为某种肉体与机器的混合体。如 何面对这一崭新的状况与处境？这成为生活在当下的我们不得不思考的问题。 其中，青少年的手机成瘾问题尤为突出。如果我们想了解当下青少年与手机之间的密切关系，或许泰剧《指尖浪 漫》（2025）展现的情景相当切题。它以伶俐的剪辑、有趣的故事以及动人的情感展现着"Z世代"（Gen Z，出生 于1995年之后）的青春生活、爱情与经验，其日常生活中最重要的核心便是智能手机、各类社交平台与互联网。 通过这部剧我们就能发现，这些技术与设备是如何改变与重组青少年的成长、生活与观念的，而且还会彻底地意 识到，这些机器与软件早已经成为我们身体的一部分。 这也恰恰是美国社会心理学家乔纳森·海特《焦虑的一代》的核心议题。 撰文｜宋杰（同济大学人文学院） 具身与虚拟 从《焦虑的一代》这个书名中，海特已经告知了自己的观察与结论，即在手机、社交软件与互联网中成长的当代 青少年普遍面临焦虑与抑郁症等心理问题，并且以女孩居多，而男孩则大 ...

在《民营经济促进法》推动民营经济高质量发展的政策背景下，RWA（现实世界资产通证化）加速器凭借"数据跨境+资产上链"的创新模式，正成为民营 企业突破融资瓶颈、激活资产流动性的战略引擎。通过技术赋能与政策协同，RWA加速器不仅助力中小微企业轻装上阵，更推动中国在全球资产数字化 浪潮中从"规则跟随者"向"标准制定者"跃迁。 《民营经济促进法》 1. 破解融资难题，释放民营经济活力 《民营经济促进法》强调优化融资环境、降低市场准入门槛，而RWA加速器通过资产通证化，将实体资产（如充电桩、光伏电站）转化为可分割、可交 易的链上资产，解决中小企业抵押物不足、融资成本高的痛点。例如，朗新科技通过区块链技术将9000余个充电桩收益权代币化，在香港金管局Ensemble 沙盒中融资1亿元，融资成本较传统模式降低30%。 2. 数据跨境流动政策支持 海南自贸港的《数据跨境流动安全管理试行办法》与香港的QFLP（合格境外有限合伙人）试点政策，为RWA跨境合规提供制度保障。民营企业可通过海 南-香港"双枢纽"模式，实现"境内资产上链-境外资本对接"的闭环生态，吸引中东主权基金等全球资本参与绿色能源、文旅等优势产业。 3. 标准化建 ...

1. RWA与智能合约的关系 RWA（Real World Assets，现实世界资产）与智能合约和代币之间的关系可以从技术实现、功能作用和实际应用三个层面来分析。这三者的结合是RWA落地 的重要基础，也是实现其价值的关键。 智能合约在RWA的实现过程中扮演了核心角色，主要体现在以下几个方面： (1) 资产数字化与代币化的核心技术 · 智能合约是区块链上的自动化程序，能够按照预设规则自动执行操作。通过智能合约，现实世界资产可以被映射到区块链上，并生成对应的数字资产（代 币）。 · 例如，将房地产、应收账款等资产的所有权或收益权通过智能合约进行数字化处理，并根据规则生成标准化代币。 (2) 自动化管理与操作 · 智能合约可以实现对RWA的自动化管理，包括交易、收益分配、清算等操作。 · 举例： 如果某RWA代币代表一个租赁物业，智能合约可以自动收取租金，并将收益分配给代币持有者。 在供应链金融中，智能合约可以自动追踪应收账款的支付状态，并确保资产的真实性。 (3) 透明性与信任 · 智能合约的规则和执行过程是透明且不可篡改的，这在RWA中尤为重要，因为它能够解决传统金融中资产管理和交易中的信任问题。 · 例如， ...