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 ...

全球金融市场正经历重大转折点。汇丰银行资深经济顾问金恩(Stephen King)最新发布的研究报告警 告，美国总统特朗普推行的美元贬值政策可能引发如同上世纪30年代或70年代般的全球金融风暴。与此 同时，以太坊生态巨头Lido Finance提出的LIP-28双重治理提案，开创了区块链治理的新范式。在此背 景下，全球投资者正积极探索加密资产市场，炒币软件app下载量迅速攀升，反映出数字资产在新金融 格局中的重要地位。 美元霸权动摇，全球金融体系面临重构风险 最新国际财经报道显示，特朗普政府强烈推动美元贬值的政策立场已引发全球金融市场担忧。自实 施"对等关税"政策一个多月以来，美元指数已下跌5%。这一趋势正迅速改变全球投资格局，币界网数 据表明，近期加密货币总市值增长正与美元指数下跌呈现明显的负相关关系。汇丰银行的金恩在报告中 提出严厉警告，如果美联储放弃全球"最后贷款人"角色，全球资本市场将面临流动性短缺，可能重演 1930年代金本位制崩溃或1970年代布雷顿森林体系瓦解时的金融剧变。这种大规模资金转移趋势已开始 显现，加密货币成为资金避险的重要选择。 文章来源：币界网 区块链技术重塑金融基础设施，数字资产 ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2025 reached $692,000, a significant increase from negative $125,000 in Q1 2024 [10] - Net loss for Q1 2025 was $459,000 or $0.02 per share, compared to a net loss of $95,000 or $0.15 per share in Q1 2024 [10] - Investment income rose to $79,000 from $62,000 in the prior year [9] Business Line Data and Key Metrics Changes - The core reinsurance business remains focused on fully collateralized policies, with a consistent loss ratio of 0% for Q1 2025 [11] - The acquisition cost ratio remained stable at 10.9 cents for Q1 2025 [12] - The expense ratio improved from 99.8% in Q1 2024 to 95.8% in Q1 2025, attributed to higher net premiums earned [12][13] Market Data and Key Metrics Changes - The investment portfolio increased marginally to $16,000 as of March 31, 2025, from $15,000 at the prior year-end [13] - Cash and cash equivalents rose by 62.8% to $9,600,000 from $5,900,000 as of December 2024, driven by premium deposits and a registered direct offering [14] Company Strategy and Development Direction - The company aims to position itself as a key player in the RWA Web3 sector, diversifying its business through the establishment of Shorts Plus Inc, which focuses on tokenized reinsurance securities [7][8] - Assurance Plus was launched to tokenize securities representing fractionalized interests in reinsurance contracts, with initial offerings achieving returns exceeding 49% [15][16] - The company is exploring strategic alternatives for its Web3 division, including potential sales, mergers, or continuing as a publicly traded entity [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the long-term outlook of the core reinsurance business and the integration of Assurance Plus [8] - The reinsurance market is currently stable, with solid contracts and premiums, particularly in Florida, where regulatory changes are favorable [34] - The company is confident in its ability to navigate market dynamics and capitalize on the growing tokenized asset market, projected to reach $30 trillion by 2034 [20] Other Important Information - The company has initiated a strategic review process and is considering including cryptocurrencies in its corporate treasury reserve strategy [17] - A memorandum of understanding with Plume aims to enhance distribution channels for tokenized resource offerings [18] Q&A Session Summary Question: How is the marketing going on for the tokenized securities? - Marketing efforts are progressing well, with a focus on outreach and building relationships in the RWA space [24][25] Question: What should we look for in terms of information in the next three to six months? - The company is making good progress towards the next token launch, with two sets of tokens targeting different investor preferences [30] Question: How is the overall health of the reinsurance market? - The reinsurance market appears solid, with favorable premiums and underwriting conditions, particularly in Florida [32][34] Question: Can you elaborate on the partnership with Plume? - The partnership with Plume is expected to provide a strong distribution channel due to their evolved ecosystem [40]

Group 1: Event Overview - The HBC25 Blockchain Conference, hosted by Harvard University Blockchain Club, gathered 350 representatives from academia, industry, and investment sectors to discuss decentralized technology trends, policy ethics, and AI integration [1] Group 2: TRON's Achievements - TRON was awarded the "Best Blockchain Innovation Pioneer Award" at HBC25, recognizing its contributions in technology innovation, ecosystem development, and industry influence [3] - TRON's platform has achieved a transaction processing capability of 2,000 transactions per second with a transaction cost of less than $0.001, solidifying its position in the global payment network [3] Group 3: Stablecoin and AI Integration - TRON's USDD stablecoin has reached a total on-chain trading volume of $315.6 billion as of February 2025, with a daily average trading volume exceeding $20 billion, maintaining its leading position among public chains [5] - TRON is advancing the integration of blockchain and AI, with its self-developed AI language model applied in smart contract development, significantly lowering the technical entry barrier for developers [5] Group 4: Compliance and Ecosystem Expansion - TRON has established a systematic compliance layout, forming a financial crime task force that successfully tracked and froze $120 million in high-risk asset flows [5] - The platform has chosen Singapore as a strategic hub for building a compliant digital asset custody system and is extending its solutions to Africa and the Caribbean [6] Group 5: Future Strategic Directions - TRON aims to enhance cross-chain infrastructure by integrating LayerZero and other cross-chain protocols to address interoperability challenges [7] - The platform plans to train 830,000 developers by 2025 and introduce a modular development kit to significantly reduce the DApp development cycle from 30 days to under 72 hours [7] Group 6: User-Centric Approach - TRON focuses on transforming technological innovation and compliance exploration into real productivity, accelerating the integration of AI and real-world assets to support the global digital economy infrastructure [9]

Group 1 - GCL-Poly Energy Technology Co., Ltd. showcased its innovative integration of the renewable energy industry with Web3 technology at the "RWA REAL UP Summit 2025" in Dubai [1] - The company, in collaboration with Ant Group's Ant Digital, completed China's first RWA project based on photovoltaic physical assets, exceeding 200 million RMB, providing a new pathway for foreign capital to invest in China's green assets [1] - GCL-Poly's "EnergyTS" model, launched in March 2025, significantly outperformed international mainstream time series models in photovoltaic scenario assessments [1] Group 2 - The integration of renewable energy and Web3 technology is creating a credible infrastructure for asset circulation, carbon trading, and green finance, positioning the renewable energy industry as a core engine for sustainable global economic development [2] - GCL-Poly plans to expand cooperation with international capital and technology partners, exploring innovative models such as energy asset tokenization and carbon financial derivatives [2] - The company's technological output on the international stage highlights the first-mover advantage of Chinese renewable energy enterprises in the intersection of digital finance and provides a reusable "Chinese solution" for the implementation of Web3 technology in the real economy [2]

比特币重上10万美元，港股比特币概念股造好，欧科云链(01499)涨超13%，雄岸科技(01647.HK)涨超 6%，博雅互动(00434.HK)涨6%。 ...

Group 1 - The core discussion revolves around the potential bubble in the humanoid robot industry, sparked by comments from investor Zhu Xiaohu about the need for mass exits from humanoid robot companies [2] - The debate includes various perspectives from entrepreneurs and investors, questioning the existence and definition of a bubble in the humanoid robot sector [2] - The article suggests that the discourse on bubbles should extend beyond the humanoid robot industry to consider the broader implications of bubbles on business and technology [2] Group 2 - The term "bubble" has historical roots, originating from the Latin word "bulla," and was first applied to economic phenomena during the 16th-century Dutch tulip mania [3] - Historical analysis of bubbles shows a pattern of collective cognitive bias leading to inflated asset prices, culminating in significant financial collapses [3] - The article emphasizes that while bubbles often result in wealth destruction and social upheaval, they are also a reflection of human nature's pursuit of speculative gains [3] Group 3 - The significance of bubbles in technology asset valuation differs from traditional asset bubbles, as technological bubbles can lead to substantial advancements despite initial failures [4] - The internet bubble of the late 1990s, for instance, resulted in the emergence of foundational technologies that shaped the digital economy, despite many startups failing [5] - Similarly, the solar energy bubble led to a concentration of patents among leading firms, accelerating technological development in the sector [5] Group 4 - Investors in venture capital face the dual challenge of supporting technological advancements while guarding against speculative excesses that can inflate asset prices [6] - The article outlines the need for venture capitalists to identify and manage bubble risks through various indicators and metrics [6] Group 5 - A set of eight indicators has been developed to assess the emergence of bubbles in industries, including growth rates of company numbers and financing amounts [7] - For example, a significant increase in the number of companies in a sector, such as a 200% annual growth rate, may signal irrational exuberance [8] Group 6 - The financing heat indicator reflects the growth rate of total financing in a sector, which can lead to a rapid increase in asset values [9] - Historical examples illustrate how spikes in financing correlate with the emergence of bubbles, such as the shared economy bubble in 2015 [9] Group 7 - Non-rational pricing indicators, such as price-to-sales (PS) ratios, can highlight discrepancies between startup valuations and established industry leaders, signaling potential bubbles [12] - The article cites instances where PS ratios for unprofitable companies reached unsustainable levels, indicating a bubble [12] Group 8 - Exit channel indicators, such as the high rate of SPACs trading below their initial public offering prices, can signal the onset of a bubble [13] - The influx of traditional industry players into emerging sectors often precedes significant valuation distortions, indicating bubble conditions [13] Group 9 - Talent acquisition indicators, such as inflated salary levels in emerging sectors, can also signal bubble conditions, as seen during the ICO boom [14] - The article notes that excessive salary growth relative to industry revenue can foreshadow a bubble's collapse [14] Group 10 - Media attention and narrative heat can act as accelerators for bubbles, with spikes in media coverage often preceding market corrections [15] - Regulatory behaviors, such as increased scrutiny and guidance, can also indicate the presence of a bubble in certain sectors [16] Group 11 - The article concludes that while historical data can provide insights into bubble dynamics, the unique context of each industry must be considered [17] - The ability to adapt to changing economic conditions and recognize the fluidity of bubble indicators is crucial for investors [17]

Core Insights - TRON has achieved significant breakthroughs in blockchain infrastructure, application ecosystem, and industry integration during Q1 2025, surpassing analyst expectations in both technological iteration speed and ecosystem expansion [1][8] - The strategic collaboration led by founder Justin Sun focuses on optimizing value transfer efficiency, redefining the value transmission mechanism of blockchain technology [1][8] Group 1: Strategic Collaborations and Innovations - TRON has formed strategic partnerships with leading institutions, enhancing its ecosystem service capabilities, including improved trading efficiency and liquidity support through collaboration with Wintermute [3] - The integration of compliance technology with T3 FCU has upgraded security by enabling real-time monitoring of suspicious transactions [3] - TRON's smart contract system optimizations have significantly improved network performance, while the introduction of a dynamic allocation mechanism in its smart wallet enhances resource distribution and cost optimization [3] Group 2: Market Trends and Performance Metrics - The circulation data of stablecoins in the blockchain industry indicates a significant trend, with TRON's USDT circulation surpassing key thresholds and achieving double-digit growth on a month-over-month basis [5] - TRON's on-chain account base has exceeded 300 million, with total on-chain transactions crossing the 10 billion mark, reflecting stable growth and the long-term synergy of technological iteration and ecosystem development [6] Group 3: Industry Integration and Future Plans - TRON is accelerating the integration of blockchain technology with various industries, collaborating with leading enterprises to build a multi-industry application ecosystem [6] - The development plan disclosed by Justin Sun emphasizes continuous optimization of underlying protocol architecture and the exploration of blockchain applications in sectors such as healthcare data management and government process optimization [8]

阿根廷作为拉丁美洲第三大经济体，近年来面临严重的货币贬值与通胀压力。与此同时，阿根廷电商市 场规模以年均27%的速度增长（数据来源：阿根廷电子商务协会），数字化需求与滞后的支付基础设施 形成鲜明矛盾。 在此背景下，阿根廷头部电商平台Kripton宣布与全球领先的区块链组织波场TRON达成战略合作。由波 场TRON创始人孙宇晨全力助推，旨在通过区块链技术重构支付底层架构，大幅提高阿根廷数字支付覆 盖率，并降低中小商户的支付成本。 当然，合作不止于技术输出，更着眼于金融服务的全链路重构。除了技术融合，双方还联合推出的"普 惠金融加速器"计划。基于区块链不可篡改特性，该计划为中小企业建立信用画像，将融资审批周期从 十几天压缩至几小时。并通过智能合约实现应收账款的自动化拆分与流转，使核心企业账期大大缩短。 在数字身份系统建设上，为百万无银行账户用户创建可验证数字身份，打通水电缴费、社保查询等民生 服务通道。这种"技术+场景"的深度融合，正在重塑拉美中小企业的生存法则。 技术融合重构支付基础设施 由波场TRON定制开发的"闪电支付通道"系统是双方合作的核心，目的在于以技术创新夯实阿根廷支付 基础。其采用混合架构设计，在 ...

Core Viewpoint - The RWA (Real World Asset Tokenization) accelerator is emerging as a strategic engine for private enterprises to overcome financing bottlenecks and activate asset liquidity, driven by the policy backdrop of the "Private Economy Promotion Law" aimed at high-quality development of the private economy [1][12]. Group 1: Financing Solutions - The "Private Economy Promotion Law" emphasizes optimizing the financing environment and lowering market entry barriers, while the RWA accelerator addresses the pain points of insufficient collateral and high financing costs for SMEs by tokenizing physical assets into tradable on-chain assets [3]. - For instance, Longxin Technology tokenized the revenue rights of over 9,000 charging piles, raising 100 million yuan in the Hong Kong Monetary Authority's Ensemble sandbox, with financing costs reduced by 30% compared to traditional methods [3]. Group 2: Policy Support for Data Cross-Border Flow - The Hainan Free Trade Port's "Trial Measures for the Security Management of Cross-Border Data Flow" and Hong Kong's QFLP pilot policy provide institutional guarantees for RWA's cross-border compliance [4]. - Private enterprises can achieve a closed-loop ecosystem through the Hainan-Hong Kong "dual hub" model, facilitating "onshore asset tokenization - offshore capital connection" and attracting global capital, including sovereign funds from the Middle East, to participate in advantageous industries like green energy and cultural tourism [4]. Group 3: Standardization and Compliance Framework - The first domestic "Trusted Blockchain Entity Asset Trusted On-Chain Technical Specification" was developed with participation from companies like GCL-Poly and Ant Group, outlining core requirements for data collection and identity verification, providing a technical framework akin to "5G standards" for RWA operations [5]. Group 4: Technological Integration - The RWA accelerator leverages AIoT devices to collect real-time operational data of assets, such as photovoltaic generation and charging pile usage, combined with blockchain technology to achieve full lifecycle evidence [6]. - For example, GCL-Poly uses smart terminals to collect household photovoltaic data, generating traceable and tamper-proof digital tokens through Ant Chain technology, enhancing annual financing efficiency by 50% [6]. - The "Data Asset Shell" service system launched by Shanghai Data Exchange transforms intangible assets like agricultural production data and cultural tourism IP into on-chain "gold assets," enabling cross-chain value transfer through the "Multi-Chain Co-Track" mechanism [6]. Group 5: Sectoral Focus - The new energy sector is a core area for RWA, with projects like the tokenization of charging piles by Ant Group and Longxin Technology not only lowering financing thresholds but also attracting global ESG capital for China's green infrastructure [8]. - The Shanghai Malu Grape RWA project demonstrates how data assetization can achieve brand enhancement and financing breakthroughs, while Hainan's cultural tourism enterprises are tokenizing scenic area tickets and hotel rights to attract overseas investors for ecological protection and consumption upgrades [9]. Group 6: Supply Chain Financial Reconstruction - The pilot of commodity warehouse receipt tokenization in Hainan Free Trade Port has reduced the accounts receivable turnover days from 60 to 7, addressing cash flow challenges for SMEs [10]. - This model can be replicated in regions like Chengdu-Chongqing and the Yangtze River Delta, forming a national RWA ecological network [10]. Group 7: Dynamic Legal Adaptation - Drawing on the experience of Hong Kong's Ensemble project, there is a push for more regions to establish "regulatory sandboxes" allowing SMEs to independently apply for RWA pilot projects, utilizing AI-driven compliance tools to mitigate cross-border risks [11]. - The RWA technical specifications led by China Academy of Information and Communications Technology and Ant Group aim to provide a compliance model for the global market, with potential to promote RWA models in Southeast Asia and the Middle East through Belt and Road cooperation [11].