2020年，电商市场呈现爆发态势，凌云领航捕捉到"惠购商城"的裂变增长潜力。通过严格核查其用户行 为数据、返现机制与法律合规性，并设立等额保证金制度，该平台在私域用户突破50万、核心商品复购 率和代理网络覆盖率跃居行业前列。但次年，随着用户获客成本激增、退货率上升，团队迅速采取行 动：主动减持股权，系统化兑换积分并加速供应链资金回笼，最终2022年全部退出时取得了3.2倍的超 额回报。凌云领航的快速决策能力，源于其独特的"五维掘金模型"：利用NLP技术扫描百万级数据源锁 定趋势，季度发布投资热度报告；通过"3+3"尽调机制排除隐患，并投入营收15%持续升级智能风控系 统。 2022年，Web3.0浪潮涌动，凌云领航与"众投宝"达成战略合作。该平台基于STO和DAO架构，采用多链 互通技术。凌云团队在投资前对其智能合约、节点抗攻击能力进行深入审查，并要求设置阶梯式锁定期 收益以降低流动性风险。然而，2024年监测到预言机漏洞与合约权限缺陷后，团队提前四个月启动撤离 流程：冻结交易所资产、通知会员及时提现，确保95%资金安全退出。此次操作不仅印证了凌云领航在 科技风口的预见性，更凸显其"沙盘推演"机制与流动性储备 ...

波场（TRON）区块链创始人孙宇晨当地时间5月20日在社交媒体平台X发文称，他是美国总统特朗普的 迷因币"特朗普币"的"最大持有者"，并将出席22日在特朗普私人俱乐部举行的晚宴。此前，"特朗普 币"官方账号上月宣布，将于5月22日在华盛顿特区的特朗普私人俱乐部邀请持币量前220名持有者共进 晚餐，宣称参与者有机会"近距离聆听特朗普畅谈加密货币的未来"。另外，持币量前25名的投资者将受 邀参加特朗普招待会及"特别版"VIP之旅。 ...

Core Insights - The blockchain industry has achieved a significant breakthrough at the Token2049 summit in Dubai, with the announcement of the USD1 stablecoin being natively deployed on the TRON blockchain, enabling decentralized finance to deeply integrate with the real economy [1][3]. Group 1: USD1 Stablecoin Overview - USD1 stablecoin is built on the TRON network, which boasts a transaction processing capability of millions per second and a low transaction cost of $0.001, making it suitable for high-frequency financial scenarios [3]. - The TRON network currently processes an average daily settlement volume of $19 billion, capturing a 35% share of the global market in cross-border payments and real-time clearing [3]. - USD1 is designed to seamlessly integrate with decentralized applications (DApps) within the TRON ecosystem, allowing users to interact with multiple chain assets through a single wallet interface [3][4]. Group 2: Compliance and Market Expansion - The innovative architecture of USD1 combines regulatory compliance with decentralized technology, with reserves managed by BitGo Trust Company and subjected to monthly third-party audits to ensure a 1:1 peg with the US dollar [4]. - A recent survey by the American Bankers Association indicates that 73% of surveyed banks view compliant stablecoins as a core solution for transforming cross-border payments [4]. - The TRON ecosystem has a user base of 300 million, with 120 million accounts experienced in TRC20-USDT transactions, providing a solid foundation for USD1's market expansion [4]. Group 3: Daily Application and Technological Integration - TRON's USDT holds an 80% market share in the African cross-border remittance market, processing over $80 billion daily, which serves as a replicable business model for USD1's payment scenarios [6]. - The integration of a real-time exchange rate conversion system driven by smart contracts will facilitate cross-border salary payments in Nigeria, automatically converting USD1 to the local currency [6]. - The USD1 payment module integrated into TRON's mobile wallet embodies the "mobile as a bank" concept, allowing users without financial backgrounds to operate stablecoin assets easily [6]. Group 4: Future Projections and Strategic Roadmap - The deployment of USD1 marks the entry of blockchain technology into foundational service layer construction, with projections indicating that the global stablecoin market will reach $2 trillion by 2026, with compliant products capturing 60% of the market share [7]. - TRON's phased strategic roadmap includes covering 2 million merchant payment scenarios by 2025, achieving API-level interconnectivity with commercial banking systems by 2026, and promoting USD1 as a regional reserve asset by 2027 [9]. - The supporting framework for this strategy includes a circulating reserve of 70 billion USDT and an AML risk control protocol network established by the T3 FCU alliance, backed by a $75 million investment from Sun Yuchen for technology development and compliance [9].

备受争议的币圈企业家孙宇晨宣布，他将参加本周晚些时候美国总统特朗普的一场颇受关注的晚宴。波 场(Tron)区块链创始人孙宇晨表示，他是特朗普关联实体推出的迷因币特朗普币的最大持有者，并将出 席周四（5月22日）在弗吉尼亚州Potomac Falls的特朗普国家高尔夫俱乐部举行的晚宴。 ...

此乃由誼礫控股有限公司（「本公司」）作出之自願性公告，使其股東及潛在投 資者知悉本公司及其附屬公司（合稱「本集團」）之最新業務發展。 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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 ELATE HOLDINGS LIMITED 誼礫控股有限公司 （ 於香港註冊成立之有限公司） （ 股份代號： 076） 自願公告 業務發展最新情況 誼礫控股有限公司董事會欣然知會市場有關本集團之最新業務發展。 本公司董事局（「董事局」）謹此宣布，本公司之全資附屬公司誼礫石墨有限公司 （「子公司」）於二零二五年五月二十日與 Goldpay Limited（「Goldpay」）和澳門 蓮花衛視傳媒有限公司（「蓮花衛視」）已訂立商業合作合約（「該合約」）。根據 該合約，子公司將擔任顧問方、Goldpay 則擔任發行方，發行一款實用代幣性質 的加密貨幣，該實用代幣的使用區域和服務對象為蓮花衛視所用衛星覆蓋的國家 和那些地區的用戶。用戶可用此實用代幣兌換蓮花衛視之廣告時段，在蓮花 ...

Core Insights - Stablecoins are becoming a crucial link between traditional finance and decentralized finance (DeFi), with TRON's infrastructure processing an average of 10 billion transactions daily, enhancing the global application of stablecoins [1] - TRC20-USDT has reached a total supply of 73.7 billion, accounting for 49.2% of USDT's global circulation, solidifying TRON's leadership in the stablecoin ecosystem [3] - The newly launched USD1 stablecoin by World Liberty Financial is now natively deployed on the TRON blockchain, with a circulation of approximately $2.12 billion [4] Group 1 - TRC20-USDT has seen a cumulative issuance of nearly 14 billion since 2025, reflecting strong market demand and validating TRON's technological advantages [3] - The number of independent addresses for TRC20-USDT has surpassed 65.46 million, with a total of 24.9 billion on-chain value transfers completed [3] - The Dominica government has recognized TRC20-USDT as having the same legal status as sovereign currency, integrating it into the national blockchain infrastructure [3] Group 2 - The integration of USD1 into the TRON ecosystem is expected to inject innovative momentum, facilitating easier access to stablecoins for global users [6] - TRON aims to achieve equal access to financial systems for the global population of 8 billion through technological means, aligning with WLFI's mission [6] - TRON is focused on reducing the entry costs and enhancing the efficiency of digital asset usage through its high-throughput infrastructure [6] Group 3 - Sun Yuchen envisions a deep integration of DeFi and traditional finance over the next five years, positioning TRON as a technological hub [7] - The need for improved self-regulatory mechanisms and user interface optimization in the industry was emphasized to lower the barriers to digital asset usage [7] - Enhancing user experience is seen as a key driver for mainstream adoption of crypto technology [7] Group 4 - The total market value of TRON's stablecoins has surpassed $73.2 billion, confirming its technological advantages and market position [9] - TRON continues to expand its value circulation network through the ongoing expansion of TRC20-USDT and the native deployment of USD1 [9] - The collaboration with global partners aims to enhance the efficiency and inclusivity of financial services through transparent on-chain mechanisms [9]

Group 1 - Cathie Wood, founder of ARK Invest, believes that Trump's tariff policy aims to reduce trade barriers, which is a positive signal for the stock market [2] - Wood increased her holdings in Chinese tech stocks worth $2.7 million amid easing US-China trade tensions [2] - The ARK Innovation ETF (ARKK) has shown a year-to-date increase of 1.32%, slightly outperforming the S&P 500's 1.30% [3] Group 2 - Wood anticipates a shift towards a productivity-driven recovery in the US, potentially leading to a broader bull market [4] - She expects clearer policies on tariffs, taxes, regulations, and interest rates in the next 3-6 months [4] - Despite Wood's optimism, the ARK Innovation ETF has seen net outflows of $2.01 billion over the past 12 months [4]

Financial Sector - Blockchain technology enables real-time settlement of cross-border transactions, significantly reducing intermediary costs and time delays associated with traditional SWIFT networks, with examples like Ripple and R3 improving remittance efficiency to minutes [2] - Central bank digital currencies (CBDCs), such as China's DC/EP, utilize a dual-layer operational system combined with blockchain for controlled anonymity and efficient settlement, while smart contracts automate payment conditions, minimizing human intervention risks [3] - The "timestamp" feature of blockchain addresses issues like backdated insurance policies, and smart contracts facilitate automatic claims processing, enhancing efficiency in insurance [4] Supply Chain and Logistics Management - Blockchain records the entire lifecycle data of products, allowing consumers to verify authenticity through scanning, with notable cases including Tmall International's global product traceability system and Ningxia Zhongning Goji Berries' smart agriculture platform [5] - Blockchain enhances credit transparency among upstream and downstream enterprises, enabling financial institutions to quickly assess financing risks based on on-chain data, thus lowering financing barriers for small and medium-sized enterprises [6] Government and Public Services - The Hangzhou Internet Court employs blockchain for digital copyright evidence storage, with judicial data being directly accepted as evidence, while Shenzhen's blockchain electronic invoice system covers over 7,600 enterprises with invoicing amounts exceeding 7 billion [7] - Blockchain supports secure data sharing across departments, exemplified by Chongqing's "Mountain City Chain" for government data interoperability and Hefei's BaaS platform for product traceability, while also streamlining identity verification processes [8] Copyright and Intellectual Property Protection - Blockchain provides unique digital fingerprints for music, text, and video works to prevent piracy, as seen with the PledgeMusic platform managing music copyright transactions [9] - The judicial blockchain platform of the Hangzhou Internet Court supports real-time on-chain registration of original content, providing legal validity for infringement lawsuits [10] Social Services and Public Welfare - The "Health Common Prosperity Ark" application in Zhoushan integrates residents' health data for cross-departmental sharing, benefiting residents across 16 islands [11] - Blockchain records the flow of donated funds, ensuring transparency and enhancing social trust through public disclosure on charitable platforms [12] Emerging Fields - Blockchain grants players complete control over virtual assets, preventing platform monopolies, while decentralized social platforms empower users with data sovereignty [13] - Blockchain facilitates distributed energy trading, such as household solar power sales, and ensures trustworthy data interactions through IoT devices [14] Development Challenges and Trends - Despite the broad application prospects of blockchain, challenges such as performance bottlenecks, cross-chain interoperability, and privacy protection need to be addressed, with future potential in enhancing social governance efficiency and optimizing resource allocation as standardization progresses [15]

本报讯 （记者金婉霞）在全球数字经济蓬勃发展的当下，数字金融创新已成为推动经济增长的关键引 擎。5月15日，树图区块链香港管理有限公司（Conflux Hong Kong Management Limited）、上海树图区 块链研究院（Conflux）、上海市分布式共识技术协会、香港青年科学家协会、香港Web3.0标准化协会 以及香港金融科技行业协会联合主办的Conflux树图数字金融与生态发展大会举办。会上发布了"域外归 珍"公益项目、"一带一路"跨境贸易场景合作。 记者了解到，其中，"域外归珍"公益项目系在中国文物交流中心的支持下，依托中心的国际文物交流与 文物回流保护职能，共同打造国际文博数字保护利用服务平台。该平台以树图区块链为技术底座，通过 合法途径开展流失文物回归、研究、展览、教育开发等工作，深入挖掘文物艺术品的资产价值和知识产 权价值，通过IP授权、衍生品开发等多元化应用路径，助力中华文明在数字时代焕发新生。 "一带一路"跨境贸易场景合作则是上海树图区块链研究院、香港金融科技公司AnchorX与大宗易行 （TradeGo）三方正式达成的战略合作，将依托Conflux公链的技术性能、AnchorX ...

Core Viewpoint - The article discusses the ongoing challenges in the IPO market, particularly for venture capital exits, and highlights the unexpected rise of micro-cap stocks in the Nasdaq amidst a generally pessimistic market environment [1][3]. Group 1: IPO Market Challenges - Pitchbook's report indicates that the venture capital exit problem will persist until at least the first half of 2026, with a lack of suitable IPO windows [1]. - Companies like Klarna and Stubhub have postponed their IPO plans, reflecting the ongoing difficulties in the exit landscape, despite their high valuations of $14.6 billion and $16.5 billion respectively [1]. - Competitors of these companies, such as Affirm and Vivid Seats, have seen significant stock price declines, with Affirm down over 40% and Vivid Seats down over 70% since their IPOs [2]. Group 2: Rise of Micro-Cap Stocks - Despite the overall market downturn, micro-cap stocks have experienced a boom, contributing significantly to Nasdaq's IPO activity [3][6]. - As of early May, Nasdaq completed 75 IPOs, with micro-cap stocks accounting for a substantial portion, averaging a fundraising size of $9 million [6]. - Notable examples include Diginex, which saw its stock price rise over 1300% since its January listing, and EPWK, which had a peak increase of 470% [7]. Group 3: Market Dynamics and Investor Behavior - The surge in micro-cap stocks is driven by a wealth effect, where investors are drawn to the potential for high returns in a low-performing market [9]. - The involvement of high-profile investors, including members of the Trump family, in micro-cap IPOs indicates a growing interest in this segment [9]. - The Nasdaq is tightening its listing rules, which may increase the survival difficulty for micro-cap stocks, particularly those that rely on reverse stock splits [11][12]. Group 4: Future Outlook - The new Nasdaq regulations favor established companies with sufficient capital, making it harder for smaller firms to thrive [13]. - Some companies are opting for IPOs to transition from local to global operations, reflecting a strategic shift in response to market conditions [14]. - The article suggests that the current micro-cap frenzy may not yield true winners, as the underlying motivations are heavily influenced by market pain and uncertainty [14].