Core Viewpoint - China Financial Development (03623) has signed a strategic cooperation memorandum with Zhejiang Shuqin Technology Co., Ltd. to leverage their respective strengths and resources in financial services, aiming to innovate and expand into new domestic and international markets [1] Group 1: Strategic Cooperation - The cooperation focuses on providing one-stop, full-process, and intelligent financial services for RWA through joint innovation [1] - The ultimate goal is to enhance and prosper the SimpleChain 2.0 public chain ecosystem [1] Group 2: Technological Integration - The partnership aims to integrate traditional finance with decentralized finance using advanced technologies such as blockchain and smart contracts [1] - Both parties will collaborate on comprehensive business operations in mainland China, Hong Kong, and international token markets [1] Group 3: Development Goals - The objective is to develop SimpleChain 2.0 into a leading Web2+Web3 public chain in Asia, maintaining a leading position in total locked value (TVL) in the Asia-Pacific region [1] - As of the announcement date, the SimpleChain 2.0 public chain registration network has been launched, user account activation is complete, and the official website and test network are online [1]

Group 1 - Yunfeng Financial (0376.HK) saw an initial increase of over 19%, reaching HKD 3.99 [1] - The company has entered into a strategic cooperation agreement with Ant Group's Ant Financial and made a strategic investment in the Pharos blockchain, aiming to build institutional-level RWA financial infrastructure [1] - Yunfeng Financial's subsidiaries hold licenses from the Hong Kong Securities and Futures Commission, allowing them to conduct securities trading, securities consulting, institutional financing consulting, and asset management [1] Group 2 - Ant Financial will operate independently from Ant Group starting in 2024 and has extensive experience in underlying technologies such as blockchain, artificial intelligence, and privacy computing [1] - Ant Financial's products lead the market in their respective sectors, with Ant Chain holding a 26.5% market share in China's BaaS market, ranking first for four consecutive years [1]

Group 1 - The core viewpoint of the articles is that Yunfeng Financial has entered into a strategic partnership with Ant Digital Technology to enhance the integration of Web3 technology with traditional finance, focusing on the tokenization of Real World Assets (RWA) [1][2] - The collaboration will leverage Ant Digital's expertise in blockchain and digital finance alongside Yunfeng Financial's experience in asset management, securities, insurance, and renewable carbon assets [1] - The partnership aims to explore cutting-edge areas such as RWA tokenization and the next generation of the internet (Web3), which will strengthen Yunfeng Financial's position in the digital finance sector and support Ant Digital's blockchain technology applications [1] Group 2 - Pharos Network Technology Limited is highlighted as a next-generation Layer 1 public chain focused on building institutional-level RWA application scenarios, which will enhance the synergy between Web3 and traditional finance [2] - The investment in Pharos aligns with the company's long-term strategy to explore the potential of blockchain technology in financial innovation, aiming to create sustainable value for shareholders [2]

Group 1 - The conference themed "Chain Ecology, Building the Future - Collaborative Development and Governance Innovation" was successfully held in Hangzhou, focusing on the integration of industrial ecological collaborative governance and Real World Asset (RWA) tokenization [1] - The founder of CT-CHAIN, Ma Haoqi, emphasized that technological innovation is leading a new era of "digital-physical integration," aiming to achieve asset confirmation, circulation value enhancement, and full lifecycle management through RWA technology [1] - Li Wenlong, a digital economy advisor, proposed a governance framework that is technology-supported and scenario-oriented, aiming to enhance the effectiveness of the industrial ecosystem [1] Group 2 - The conference highlighted cross-industry integration, with representatives from the aviation sector discussing the intersection of the aviation industry and ecological collaboration, particularly in low-altitude economy and digital asset integration [2] - Ji Haiyong, a co-founder of CT-CHAIN, stated that the organization is building a "collaborative and standard value loop" through cash flow management, fund management center, and scientific decision-making mechanisms [2]

Core Insights - Tron Inc. successfully listed on NASDAQ on July 24, 2025, marking a significant step for the company in traditional financial markets and attracting widespread attention from investors [1][3][6] Company Performance - On its first day of trading, TRX price surged to $0.32, a 23% premium over the 200-day simple moving average of $0.26, indicating sustained long-term momentum [3] - The MACD histogram showed bullish momentum consolidation at 0.0000, with both MACD lines converging at 0.0090, further supporting the positive outlook for TRX [3] Market Developments - The integration with MoonPay on July 21 simplified the process of converting fiat to cryptocurrency, allowing users to purchase TRX and TRC-20 directly with traditional currency, which is expected to significantly expand Tron’s user base [3] - The issuance of USDT on the Tron network surpassed $80 billion on July 20, reinforcing the network's fundamental strength and highlighting its leading position in the stablecoin ecosystem [3] Global Strategy and Future Outlook - Tron’s global influence is expanding, with a focus on technological innovation and market expansion to promote widespread blockchain application [4] - Founder Justin Sun emphasized that the listing is a milestone in Tron’s development, not the end, as the company aims to enhance its technological capabilities and broaden application scenarios to provide better services to global users [4][6] Industry Impact - The successful listing of Tron on NASDAQ presents new opportunities and challenges for the entire blockchain industry, potentially paving the way for traditional capital markets to allocate crypto assets and embrace blockchain ecosystem values [6]

Group 1 - Blue Origin, founded by Jeff Bezos, announced a new passenger list for its space tourism program, with Sun Yuchen, founder of TRON, set to fly on the New Shepard rocket [1][3] - Sun Yuchen purchased the seat for $28 million in 2021, donating the entire bidding amount to Blue Origin's "Club for the Future" to support global youth STEM education [1][3] - The New Shepard rocket will take passengers to approximately 75 kilometers before the capsule separates and continues to over 100 kilometers, allowing for about 4 minutes of weightlessness during a total journey time of around 10 minutes [3][6] Group 2 - The commercial spaceflight industry is thriving, with Blue Origin successfully completing 13 crewed flights and sending over 70 people to the edge of space [6] - Sun Yuchen's participation highlights the shift of commercial space travel from an exclusive dream to a more accessible reality for the public [6] - Sun Yuchen aims to inspire more young people to engage in technology and innovation through this space flight, emphasizing the collective mission of space exploration for humanity [6][4]

Core Applications: Building a Multi-Dimensional Security Defense System - The decentralized identity management and zero-trust model provided by blockchain technology revolutionizes identity management, allowing users to fully control their personal information through self-sovereign identity (SSI) technology and smart contracts for "on-demand authorization" [3] - Blockchain's immutable audit trails and threat intelligence sharing enhance security event traceability, enabling quick identification and freezing of malicious transactions, thus preventing significant financial losses [4] - In supply chain and healthcare, blockchain's traceability effectively combats counterfeiting, with luxury brands using it to verify product authenticity and hospitals streamlining insurance claims processes [5] - The integration of blockchain with IoT enhances attack resistance, creating a multi-layered defense network that significantly reduces the success rate of DDoS attacks [6] Technological Breakthroughs: Key to Addressing Emerging Threats - Privacy protection and quantum security advancements, such as zero-knowledge proof (ZKP) technology, improve transaction efficiency while maintaining privacy, with significant reductions in verification time [7] - The deep integration of AI and blockchain creates an "intelligent immune system," enhancing fraud detection and operational efficiency in various sectors [8] - Innovations in cross-chain interoperability and smart contract security are addressing vulnerabilities, with improved verification architectures and AI-assisted tools significantly increasing vulnerability detection rates [9] Challenges and Future Outlook - Technical bottlenecks, such as throughput and energy consumption, remain constraints for blockchain adoption, necessitating further exploration of privacy protection and regulatory compliance [10] - The establishment of industry alliances and collaborative frameworks is essential for enhancing blockchain security and preventing data silos [11] - Predictions indicate that blockchain will not only drive technological innovation but also transform security paradigms, becoming a core engine for building a trusted digital ecosystem [12]

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。 本公告乃由本公司自願作出。 董事會欣然宣佈，於二零二五年六月三十日（聯交所交易時段後），本公司（作 為買方）已與賣方及Conflux訂立諒解備忘錄，內容有關收購目標公司全部股 權的潛在收購事項，前提為目標公司按照與本公司的協議完成收購Conflux 資產。 潛在收購事項須待本公司與賣方訂立正式協議後方可作實。因此，潛在收 購事項未必會進行。本公司將根據上市規則適時刊發公告。股東及本公司 潛在投資者於買賣本公司股份時務請審慎行事。 – 1 – INNOVATIVE PHARMACEUTICAL BIOTECH LIMITED 領航醫藥及生物科技有限公 司 （於開曼群島註冊成立並於百慕達存續之有限公 司） （股份代 號：399） 自願公告 有關潛在收購事項的 諒解備忘錄 緒言 董事會欣然宣佈，於二零二五年六月三十日（聯交所交易時段後），本公司（作 為買方）已與賣方及Conflux訂立諒解備忘錄，內容有關潛在 ...

Core Insights - The article highlights the significant role of Sun Yuchen in the blockchain industry, particularly as the founder of TRON, emphasizing his commitment to technological innovation and ecosystem development [1][3]. Group 1: Technological Innovations - TRON launched the "SunPump" initiative in Q1 2025, which reduced on-chain transaction costs to the lowest in the industry, resulting in a 47% year-over-year increase in daily transaction volume [3]. - The developer ecosystem has expanded to 1.2 million, covering over ten verticals including finance, gaming, and social media [3]. - The USDC cross-chain project, launched last year, facilitates smooth asset flow between Ethereum and TRON, reducing cross-chain transaction confirmation time to under 15 seconds, with a total transaction volume exceeding $22 billion [3]. Group 2: Regulatory Compliance - TRON successfully passed the EU's Crypto Asset Market Regulation and the Monetary Authority of Singapore's compliance review in March 2025, making it one of the few public chains to meet both Eastern and Western regulatory standards [3]. - This achievement is the result of three years of preparation, including the development of on-chain transaction tracing systems and smart contract templates compliant with anti-money laundering regulations [3]. Group 3: Market Position and Strategic Partnerships - The total circulation of USDT within the TRON ecosystem has reached $66 billion, capturing 32% of the global stablecoin market [5]. - TRON has become the preferred platform for cross-border settlements for small and medium enterprises due to its low fees and high throughput [5]. - A strategic partnership with the Trump family's crypto project, World Liberty Financial, has integrated TRX into its reserve asset system, expanding the traditional financial user base [5]. Group 4: Social Responsibility and Community Engagement - In April 2025, TRON provided liquidity support during a crisis involving TrueUSD, utilizing its smart contract system to ensure transparency in fund flows [5]. - The "Web3 Guardian" initiative, led by Sun Yuchen, has attracted developers from 47 countries to explore innovative applications of blockchain technology in public affairs, such as carbon emission tracking and disaster relief [5]. Group 5: Vision for the Future - Sun Yuchen emphasizes the importance of making blockchain technology a beneficial infrastructure for the public, focusing on the balance between technological ideals and commercial realities [7]. - The goal is to create a fair value distribution system through blockchain, as stated in his recent technical white paper [7].

Core Insights - The announcement of USD1, a US dollar stablecoin, being natively deployed on the TRON blockchain has become a focal point in the industry [1][3][10] Group 1: TRON Blockchain and USD1 Deployment - TRON's technical architecture supports the efficient deployment of USD1, leveraging its TRC20-USDT which has a circulation of $71.7 billion, capturing half of the global USDT market [3] - The TRON blockchain can process transactions at a rate of over 10,000 transactions per second (TPS), enhancing cross-border settlement efficiency with zero fees and near-instant confirmation times [3][8] - The use of smart contracts on the TRON blockchain improves user experience and security, while the DPoS consensus mechanism ensures rapid transaction confirmations [3][6] Group 2: Market Positioning and Strategy - USD1 aims to bridge the gap between institutional and retail markets, with a reserve system backed by short-term government bonds and cash equivalents [5] - The stablecoin market is evolving from a single-technology focus to a multi-dimensional competition, with USD1's strategy highlighting the integration of technology, compliance, and user networks [5][6] - The collaboration between WLFI and TRON aims to expand into 50 emerging markets by 2026, targeting 100 million unbanked individuals [8] Group 3: Compliance and Trust - USD1 features an innovative compliance framework with periodic disclosures by third-party auditors and asset custody managed by BitGo, enhancing transparency and trust [6] - The acceptance of TRX spot ETF by the SEC marks a significant breakthrough for TRON in the traditional financial system, further solidifying USD1's strategic positioning within regulatory frameworks [6] Group 4: Financial Inclusion and Infrastructure - The TRON blockchain is designed to serve as a financial infrastructure for the unbanked, with its TRC20 protocol capturing 85% of cross-border remittances in Africa and Latin America [8] - USD1's integration with TRON's user network and smart contract technology aims to provide decentralized payment and savings solutions to countries not connected to the SWIFT system [8] - The strategic vision of WLFI and TRON is to transform stablecoins from speculative assets into everyday payment tools, promoting financial inclusivity [8][10]