Core Viewpoint - Marco Digital Technology (01942) has made a strategic investment of $500,000 (approximately HKD 3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through a fund subscription, indicating a focus on capital appreciation and expansion in the Web 3.0 and decentralized finance (DeFi) sectors [1] Investment Details - The investment was made indirectly through a fund that includes participation from several major global institutional investors and well-known cryptocurrency venture capital firms [1] - World Liberty Financial, Inc. (WLFI) acted as the lead investor in ALT5's recent issuance [1] Strategic Implications - The company views this investment as an opportunity to enhance its portfolio in the rapidly evolving Web 3.0 and cryptocurrency ecosystem, which includes digital asset trading and payment solutions [1] - This move aligns with the company's broader goals of exploring and participating in the cryptocurrency ecosystem [1]

Group 1 - The company, Marco Digital Technology (01942), has announced an indirect investment of $500,000 (approximately HKD 3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through the subscription of a fund's member rights [1] - The fund is participating in ALT5's recent issuance alongside several major global institutional investors and well-known cryptocurrency venture capital firms, with World Liberty Financial, Inc. (WLFI) as the lead investor [1] - The company views this investment as a capital appreciation opportunity that can enhance its portfolio in the Web 3.0 and decentralized finance (DeFi) sectors, allowing it to capitalize on the rapid development of the Web 3 and cryptocurrency ecosystem, including digital asset trading and payment solutions [1]

Group 1 - Marco Digital Technology (01942.HK) has invested $500,000 (approximately HKD 3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through a fund subscription, indicating a strategic move into the Web3 and DeFi sectors [1] - The investment is seen as an opportunity for capital appreciation and aims to enhance the company's portfolio in the rapidly evolving Web3 and cryptocurrency ecosystem, including digital asset trading and payment solutions [1] - The fund is backed by several major institutional investors and well-known cryptocurrency venture capital firms, with World Liberty Financial, Inc (WLFI) as the lead investor [1] Group 2 - ALT5 is a fintech company that provides next-generation blockchain technology for tokenization, trading, clearing, settlement, payment, and secure custody of digital assets [2] - ALT5 Sigma, Inc., a wholly-owned subsidiary of ALT5, has processed over $5 million in cryptocurrency transactions since its establishment in 2018 [2] - WLFI is an innovative DeFi protocol and governance platform that aims to empower individuals through transparent, convenient, and secure financial solutions, and is behind the USD1 stablecoin, one of the fastest-growing stablecoins globally [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 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 馬可數字科技控股有限公司 （股份代號：1942） （於開曼群島註冊成立的有限公司） 本公告由馬可數字科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願刊發。 本公司董事（「董事」）會（「董事會」）謹此宣佈，本集團近日已透過認購一個基 金（「該基金」）的成員權益間接向ALT5 Sigma Corporation（納斯達克股份代號： ALTS）（「ALT5」）投資500,000美元（約3,925,000港元）（「該投資」）。該基金與多 家全球最大的機構投資者及知名的加密貨幣創投公司共同參與ALT5近期發行（「發 行」），由World Liberty Financial, Inc（「WLFI」）作為領投方。 本集團認為，該投資是一個具有資本增值潛力的投資機會，可加強本集團在Web 3.0（「Web3」）及去中心化金融（「DeFi」）領域的投資組合，從而令本集團可迎接 Web3及加密貨幣生態系統 ...

Group 1: Federal Reserve and Market Reaction - Federal Reserve Chairman Jerome Powell signaled a "dovish" stance at the Jackson Hole annual meeting, suggesting a possible interest rate cut in September, which ignited global capital markets [1][2] - Following Powell's remarks, major U.S. stock indices surged, with the Dow Jones Industrial Average rising 1.89% to 45,631.74 points, and the Nasdaq index increasing by 1.88% to 21,496.53 points [4] Group 2: Economic Indicators - Powell indicated that the current economic situation requires the Federal Reserve to remain open to policy adjustments, noting that risks in the labor market have surpassed inflation pressures [2] - The U.S. core PCE price index rose 2.9% year-on-year in July, exceeding the Federal Reserve's 2% target, but the growth rate has slowed for three consecutive months [2] Group 3: XBIT Decentralized Exchange - XBIT decentralized exchange offers a unique "distributed ledger + smart contract" technology, providing bank-level security for users, with assets stored in multi-signature cold wallets [5] - The platform allows seamless exchange of mainstream assets like BTC, ETH, and USDT with emerging DeFi projects, enhancing trading efficiency and reducing costs [7] Group 4: Investment Opportunities - With the expectation of a 25 basis point rate cut by the Federal Reserve, the dollar index may come under pressure, presenting potential rebound opportunities for commodities like gold and oil [7] - XBIT's "liquidity mining" mechanism allows users to earn platform tokens by providing liquidity, thereby increasing capital utilization [7] Group 5: Chinese Concept Stocks - The recent surge in Chinese concept stocks is closely linked to Tesla's collaboration with ByteDance, which highlights the technological strength of Chinese companies and their global market reliance [8] - XBIT provides global compliant asset trading services, enabling users to participate in Chinese concept stock derivatives without facing traditional cross-border trading barriers [8] Group 6: Market Challenges - Despite the dovish signals from Powell, potential risks remain, including inflation expectations due to tariff policies and geopolitical uncertainties affecting oil prices [10] - XBIT's decentralized finance (DeFi) solutions integrate lending, leveraged trading, and insurance protocols, offering investors new options in a complex market environment [10]

Core Insights - The global cryptocurrency market is undergoing a significant restructuring, with a historic shift in capital allocation logic becoming a central issue in the industry [1][3] - The rise of Digital Asset Treasury (DAT) strategies marks a transition from supporting startups to directly holding crypto assets, reshaping the market landscape [3][4] - XBIT decentralized exchange platform is positioned to meet the current market demand for secure, efficient, and diverse trading options, acting as a crucial link between crypto assets and market participants [1][8] Industry Trends - Since 2025, the capital flow in the cryptocurrency sector has shifted towards DAT strategies, which have raised over $15 billion, surpassing traditional crypto venture capital investments, which remain in the $6-8 billion range [3][4] - DAT strategies are characterized by active fundraising and long-term holding of cryptocurrencies, with companies like Strategy setting industry benchmarks [3][4] - The asset allocation within DAT has diversified from a Bitcoin-centric approach to include mainstream and altcoins, reflecting a broader investment strategy [5][6] XBIT Platform Features - XBIT's decentralized exchange emphasizes user control and security, ensuring that users retain ownership of their private keys and assets are stored in personal wallets [8][9] - The platform utilizes smart contracts for automated trade execution, enhancing transparency and reducing operational risks [9][11] - XBIT has developed a cross-chain atomic settlement network, allowing seamless trading of various assets, including traditional and digital currencies, which is crucial in the current DAT-driven market [9][11] Market Positioning - XBIT's alignment with the DAT trend enhances its user base and trading activity, making it a key entry point for investors into the DAT ecosystem [11][12] - The platform's design caters to the decentralized finance ethos, responding to investor demands for asset autonomy and trading freedom [11][12] - As DAT continues to dominate capital allocation in the cryptocurrency market, XBIT is positioned to play a vital role in connecting traditional capital with the crypto ecosystem, promoting industry standardization and professionalism [12]

Core Viewpoint - The iShares Bitcoin Trust ETF is expected to closely mirror the performance of Bitcoin over the next five years, making it a viable alternative to owning actual Bitcoin [1][10]. Group 1: Bitcoin Price Expectations - Bitcoin is anticipated to rise in value over the long term due to its limited supply and increasing demand, supported by the U.S. government's acceptance of Bitcoin and the introduction of Bitcoin-based ETFs [3][5]. - The Bitcoin community faces competition from newer cryptocurrencies and must adapt to technological challenges, such as quantum computing threats, to maintain its market position [4][5]. Group 2: ETF Performance and Structure - The iShares Bitcoin ETF is designed to reflect Bitcoin's returns closely, with both the ETF and Bitcoin gaining approximately 141% since the ETF's launch [7][8]. - The ETF has a modest annual sponsor fee of 0.25%, which allows Blackrock to profit from managing the ETF, but this fee can impact long-term returns [8][11]. Group 3: Advantages and Disadvantages of ETF Ownership - Owning the iShares Bitcoin ETF provides shareholder protections, ease of trading, and simplified tax reporting compared to direct Bitcoin ownership [11]. - However, the ETF does not allow for direct use of Bitcoin as a currency or participation in on-chain events, which are benefits of owning actual Bitcoins [11][12]. Group 4: Investment Recommendations - Long-term investors are encouraged to include Bitcoin exposure in their portfolios, either directly or through ETFs, with Blackrock suggesting a limit of 2% of total portfolio value for Bitcoin investments [12][13].

Market Performance - The three major indices showed mixed results, with the S&P 500 index declining for the fourth consecutive trading day [1] - The Dow Jones increased by 16.04 points (0.04%) to close at 44,938.31 points, while the Nasdaq fell by 142.10 points (0.67%) to 21,172.86 points, and the S&P 500 dropped by 15.59 points (0.24%) to 6,395.78 points [1] - Technology stocks generally declined, with Amazon down 1.84%, Tesla down 1.6%, and Intel down 6.99% [1] European Market - The DAX 30 index in Germany fell by 172.16 points (0.70%) to 24,263.39 points, while the FTSE 100 in the UK rose by 99.06 points (1.08%) to 9,288.28 points [2] - The CAC 40 index in France decreased by 6.05 points (0.08%) to 7,973.03 points, and the Euro Stoxx 50 index fell by 13.33 points (0.24%) to 5,469.95 points [2] Asian Market - The Nikkei 225 index in Japan declined by 1.51%, and the KOSPI index in South Korea fell by 0.68%, while the Indonesian Composite Index rose by 1.03% [3] Commodities - Light crude oil futures for September delivery increased by $0.86 to $63.21 per barrel (1.38% rise), while Brent crude oil for October delivery rose by $1.05 to $66.84 per barrel (1.60% rise) [3] Foreign Exchange - The US Dollar Index fell by 0.04% to 98.221, with the Euro trading at 1.1655 USD, the British Pound at 1.3452 USD, and the Japanese Yen at 147.27 JPY [3] Cryptocurrency - Bitcoin rose over 1.3% to $114,367.6, and Ethereum increased over 6.8% to $4,356.85 [4] Federal Reserve Insights - The Federal Reserve's meeting minutes revealed increasing internal divisions, with several officials expecting economic growth to slow in the second half of the year [1] - The minutes indicated that inflation risks were prioritized over labor market concerns, with officials acknowledging worries about rising inflation and weak employment [1][7] - Some officials hinted at potential support for interest rate cuts in the upcoming September meeting, suggesting that tariff increases may have a slower-than-expected impact on consumer prices [8] Company News - Google launched a new series of consumer electronics, including the Pixel 10 smartphone lineup, showcasing advancements in artificial intelligence [9] - The Pixel 10 series includes models priced from $799 to $1,799, with the Pixel Watch 4 priced at $350 to $400, and the Pixel Buds 2a priced at $130 [9]

Market Overview - The three major indices showed mixed results, with the S&P 500 index declining for the fourth consecutive trading day [1] - The Dow Jones increased by 16.04 points (0.04%) to close at 44,938.31 points, while the Nasdaq fell by 142.10 points (0.67%) to 21,172.86 points, and the S&P 500 dropped by 15.59 points (0.24%) to 6,395.78 points [1] - Technology stocks generally declined, with Amazon down 1.84%, Tesla down 1.6%, and Intel down 6.99% [1] Economic Indicators - The Federal Reserve's meeting minutes revealed increasing internal divisions, with several officials predicting an economic slowdown in the second half of the year [1] - The minutes indicated that inflation risks were viewed as greater than concerns about the labor market, with tariffs contributing to upward pressure on prices [7] - The actual GDP growth rate was described as moderate in the first half of the year, with low unemployment rates and relatively high consumer price inflation [7] Federal Reserve Insights - Federal Reserve Governor Christopher Waller and Michelle Bowman expressed dissent during the July meeting, marking the first time since 1993 that two voting members opposed the decision to maintain interest rates [1] - Some officials hinted at the possibility of supporting interest rate cuts in the upcoming September meeting, citing slower-than-expected transmission of tariff increases to consumer prices [8] - Waller emphasized the potential of AI and stablecoins in driving payment innovations to boost the U.S. economy [5] Stock Specific News - Google launched a new series of consumer electronics, including the Pixel 10 smartphone lineup, showcasing advancements in artificial intelligence [9] - The Pixel 10 series includes models priced from $799 to $1,799, with the Pixel Watch 4 and Pixel Buds 2a also introduced at competitive prices [9]

Group 1 - The Federal Reserve should continue to support technology and innovation, particularly in emerging fields like digital assets and artificial intelligence, to modernize the U.S. payment system and drive economic growth [1][2] - The recent shift in the Federal Reserve's regulatory stance towards cryptocurrencies and related businesses is seen as a significant victory against "crypto de-banking," as it has gradually withdrawn special oversight of banks involved in crypto activities [1][2] - The Federal Reserve's July FOMC meeting minutes indicated that some participants believe stablecoins could enhance payment system efficiency and increase demand for underlying assets, such as U.S. Treasuries [2] Group 2 - Waller emphasized the importance of collaboration between the Federal Reserve and the private sector to embrace a "technology-driven revolution" propelled by innovations like tokenization, smart contracts, and distributed ledgers [2][3] - The Federal Reserve is actively researching new financial technology innovations, including tokenization and artificial intelligence, to enhance the payment system [3] - The introduction of the FedNow instant payment network aims to enable real-time fund transfers for eligible banks, helping the U.S. catch up with rapidly developing global real-time payment systems [2]