Group 1 - The core idea of the news is the launch of a consumer-oriented digital advertising project called RWA (Real World Asset) by Hangzhou Langsheng Media Co., Ltd., Hangzhou Cultural Property Exchange, Xinggang Digital Innovation Co., Ltd., and the Story Foundation, which aims to democratize access to advertising resources [2][3] - The project offers 2000 minutes of advertising resources from the "Big Screen" at Hangzhou Guoda City Square, divided into 800 digital advertising usage rights, each priced at 1250 yuan, corresponding to 150 seconds of playback time [2] - Each advertising usage right serves as an open creative space, allowing individuals, brands, artists, and public welfare organizations to engage in cultural participation, transforming personal messages into light and shadow content displayed in the city [2] Group 2 - The pricing structure for traditional advertising packages is significantly higher, with a 2.5-minute advertising combination priced at 10,000 yuan, while the new RWA digital advertising offering lowers the entry barrier for non-4A advertising companies and individual users [3] - Users can purchase an RWA for 1250 yuan, gaining 150 seconds of prime playback time on the "Big Screen" and receiving a unique blockchain commemorative badge, with the entire process managed through blockchain smart contracts [3]

Core Viewpoint - The recent inversion of the 20-year and 30-year U.S. Treasury yields highlights concerns over fiscal deficits and a lack of confidence in long-term bonds, leading to a liquidity crisis in traditional finance, while decentralized finance (DeFi) platforms like XBIT are emerging as viable alternatives for investors seeking to mitigate risks [1][7]. Group 1: U.S. Treasury Market Dynamics - The 20-year U.S. Treasury yield has fallen below the 30-year yield, marking a significant event not seen in nearly four years, driven by concerns over fiscal policy and capital outflows [1]. - The U.S. Treasury has reduced the quarterly issuance of 20-year bonds from $75 billion to $42 billion due to declining demand, indicating a troubling trend in the long-term bond market [1]. - Analysts suggest that rising term premiums and expectations of foreign investor withdrawals are contributing to a negative feedback loop in the long-term U.S. Treasury market [1]. Group 2: Rise of Decentralized Finance (DeFi) - XBIT decentralized exchange utilizes blockchain smart contracts for trading, ensuring user assets are stored in on-chain wallets, thus eliminating risks associated with asset misappropriation [3]. - During the U.S. Treasury crisis, XBIT facilitated the conversion of stablecoins to Bitcoin and other inflation-resistant assets without the need for centralized institutions, showcasing its utility in times of market distress [3][4]. - The platform's liquidity depth for USDT/USDC trading pairs surged to over $1.2 billion, with daily trading volume increasing by 470%, positioning XBIT as a "digital harbor" for capital seeking safety [4]. Group 3: User Accessibility and Governance - XBIT lowers barriers to entry for users by simplifying the process of asset exchange and lending, with transaction fees at 0.1%, significantly lower than centralized exchanges [4]. - The governance model of XBIT is community-driven, requiring token holder votes for major decisions, which helps prevent manipulative practices common in centralized platforms [5]. - XBIT's dynamic risk warning model effectively monitors market sentiment, managing to keep user losses at an average of 0.8% during volatile periods, compared to the industry average of 4.1% [5]. Group 4: Regulatory Compliance and Future Outlook - XBIT adheres to regulatory frameworks, such as the proposed Hong Kong Stablecoin Regulation, ensuring that stablecoin issuers maintain 100% liquidity reserves and undergo regular audits [7]. - The platform's emergence reflects a growing demand for decentralized solutions that provide asset security and transparency, addressing the vulnerabilities of traditional financial systems [7]. - XBIT is positioned as a "digital ark" for investors navigating the uncertainties of the current market, emphasizing the importance of decentralized technology in rebuilding trust and providing efficient asset allocation pathways [7].

Core Viewpoint - The government work report emphasizes the need to deepen the development and utilization of data resources, advocating for the construction of a next-generation high-trust blockchain network to enhance data circulation and security [1] Group 1: Blockchain Technology and Infrastructure - The blockchain technology is characterized by distributed storage, immutability, and traceability, providing technical guarantees for secure data storage, trustworthy sharing, and efficient collaboration [1] - The proposal includes the establishment of a nationwide next-generation high-trust blockchain network to create a new type of data circulation infrastructure [1] Group 2: Economic and Social Applications - The integration of blockchain with legal digital currencies and electronic payments can establish a compliant, efficient, and secure payment settlement system, enhancing liquidity and efficiency of fund usage [1] - Smart contracts on the blockchain can encode benefit distribution rules, ensuring automatic execution and immutability, thereby fostering a fair and harmonious social collaboration ecosystem [1]