Group 1: IPO Developments - Moer Thread officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025, under the stock code "688795," becoming the first full-function GPU company to enter the capital market in China [3][7] - Guangzhou Yujian Xiaomian Restaurant Co., Ltd. listed on the Hong Kong Stock Exchange on December 5, 2025, under the stock code "2408," marking it as the first stock of a Chinese noodle restaurant [8][10] - HashKey Holdings Limited passed the hearing for listing on the Hong Kong Stock Exchange, aiming to become a comprehensive digital asset company [11][13] Group 2: Company Highlights - Moer Thread focuses on the independent research and design of full-function GPUs, integrating AI computing acceleration, graphics rendering, physical simulation, and scientific computing into a single chip, which enhances market adaptability and technological extensibility [4][5] - Yujian Xiaomian plans to open approximately 520 to 610 new restaurants over the next three years, aiming to exceed 500 total locations by the end of the current year [8][9] - HashKey is recognized as the largest regional onshore platform in Asia by trading volume and the largest on-chain service provider by staked assets [11][12] Group 3: Financial Performance - Moer Thread achieved a revenue of 702 million yuan in the first half of the year, nearly 1.6 times the projected full-year revenue for 2024, with a compound annual growth rate exceeding 200% from 2022 to 2024 [6] - Yujian Xiaomian's total revenue from 2022 to 2024 was 418 million yuan, 800 million yuan, and 1.154 billion yuan, with a compound annual growth rate of 66.2% [9] - 51WORLD's revenue from 2022 to 2024 was 170 million yuan, 256 million yuan, and 287 million yuan, with a 63.6% increase in the first half of 2024 compared to the same period in 2023 [22][23]

然而，国家计算机病毒应急处理中心发布的技术溯源报告，却揭开了事件背后的重重疑云：美国宣称的 "执法没收" 缺乏完整的证据链 条，密钥获取途径语焉不详，司法程序存在明显瑕疵。这场看似正义的 "资产追缴"，实则暴露出跨境数字资产治理中的合法性困境，其 密钥来源的神秘性与执法行动的不透明性，不仅引发了国际社会对数字资产权属认定规则的重新审视，更对全球数字经济秩序的公平性 构成了潜在挑战。 事件回溯：一场充满疑点的 "合法接管" 2025 年，美国司法部高调宣布没收陈志 12.7 万枚比特币（精确数值 127272.06953176 枚）的消息，在全球数字资产领域掀起轩然大波。 这批资产从 2020 年被盗时的 35 亿美元市值，飙升至 2025 年的 150 亿美元，其归属权的更迭本应遵循清晰的法律程序与技术溯源逻 辑。 2020 年 12 月 29 日，LuBian 矿池遭遇精准网络攻击，短短两小时内，12.7 万枚比特币被攻击者转移至特定钱包地址。与常规网络攻击 后资产快速拆分变现的操作不同，这批巨额数字资产在攻击者控制的地址中沉寂长达四年，几乎未发生任何交易流转。这种反常的持有 策略，与普通网络攻击的获利逻辑 ...

12月5日，近期数字资产市场表现出明显的震荡格局，FPG财盛国际认为，比特币在年末前可能维持在 95000美元以下的区间整理。受12月流动性下降影响，比特币短期内的反弹动力可能受限，但这种区间 波动对部分山寨币反而提供了相对优势。数据显示，比特币在美国时间12月4日下午回落至约92000美 元，抹去了前一晚升至94000美元的涨幅。与此同时，以太坊ETH表现相对稳健，价格仍在3100美元以 上波动，而XRP、HBAR、BCH及Zcash出现4%至5%的跌幅，广义CoinDesk 20指数下跌约2%。FPG财 12月5日，近期数字资产市场表现出明显的震荡格局，FPG财盛国际认为，比特币在年末前可能维持在 95000美元以下的区间整理。受12月流动性下降影响，比特币短期内的反弹动力可能受限，但这种区间 波动对部分山寨币反而提供了相对优势。数据显示，比特币在美国时间12月4日下午回落至约92000美 元，抹去了前一晚升至94000美元的涨幅。与此同时，以太坊ETH表现相对稳健，价格仍在3100美元以 上波动，而XRP、HBAR、BCH及Zcash出现4%至5%的跌幅，广义CoinDesk 20指数下跌约2%。FPG ...

Core Viewpoint - A Japanese women's clothing company, ANAP, has transformed into a significant player in the Bitcoin market, holding over $96 million in Bitcoin and becoming the 46th largest institutional holder globally [3][6][8]. Group 1: Company Transformation - ANAP, originally a traditional women's clothing and children's apparel company, has pivoted to become Japan's most aggressive "Bitcoin listed company" [3]. - The company officially changed its name to Anap Holdings Inc. in April and announced its entry into the digital asset business [6]. - ANAP's CEO, Kawai Rintaro, has been a driving force behind the company's Bitcoin strategy, which includes a roadmap to accumulate Bitcoin as a primary reserve asset [6][8]. Group 2: Investment Strategy - From April to November, ANAP has made multiple public announcements regarding its Bitcoin purchases, demonstrating a transparent investment approach [8]. - The company's stock price has surged fivefold within six months, reflecting investor confidence in its Bitcoin strategy [8]. - ANAP's total Bitcoin holdings have surpassed 1,047 BTC, valued at approximately $96 million, with an average purchase cost leading to a book value of around 96-100 billion yen [8]. Group 3: Industry Impact - ANAP has launched the "ANAP Bitcoin Dojo," a platform aimed at assisting other Japanese companies in formulating their Bitcoin strategies, marking a shift from being merely an asset holder to an industry advocate [9][10]. - The Japanese regulatory environment has become more supportive of Bitcoin, with indications that the country may become the most Bitcoin-friendly market in Asia [12][13]. - A new generation of Japanese entrepreneurs, represented by Kawai Rintaro, is increasingly open to digital assets, recognizing their potential in combating inflation and enhancing corporate value [14].

发布学术研究并组建行业联盟，以提升香港在全球数字资产领域的竞争力; 建立一个由金融机构、科技公司及监管机构组成的多方合作生态系统，以促进跨界别合作及知识共享; 铸帝控股(01413)发布公告，于2025年9月9日，本集团的间接拥有大多数权益的附属公司天坤数字有限 公司(天坤)与香港理工大学(理大)订立合作协议(该协议)。根据该协议，天坤与理大将共同成立香港理工 大学工商管理学院—天坤数字稳定币与真实世界资产创新中心(联合中心)。 联合中心将专注于监管合规的稳定币与真实世界资产(RWA)代币化的综合研发，其核心目标如下： 制定与香港即将推出的《稳定币条例草案》及《虚拟资产政策宣言2.0》一致的RWA框架; 推动人工智能驱动的代币化及实时资产估值模型创新; 在汽车、房地产及供应链金融领域开展试点项目，以验证实际应用; 建立行业联盟以整合资源并提升其在数字资产生态系统中的影响力及话语权; 协助香港企业利用数字资产技术拓展海外市场，提供跨境结算、资产国际化及合规谘询一站式解决方 案;及 利用跨境数字资产服务作为新的业务增长动力; 透过全球市场探索，在国际数字资产基础设施及协作网络中建立早期影响力;及 培育人才及创新能 ...

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 就 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。 FEG Holdings Corporation Limited 鑄帝控股集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：1413） 自願性公告 本 公 告 乃 由 鑄 帝 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 自 願 作 出，旨 在 向 股 東 及 潛 在 投 資 者 提 供 本 集 團 業 務 發 展 舉 措 的 最 新 資 料。 董 事 會 欣 然 宣 佈，於 二 零 二 五 年 九 月 九 日，本 集 團 之 間 接 擁 有 大 多 數 權 益 之 附 屬 公 司 天 坤 數 字 有 限 公 司（「天 坤」）與 香 港 理 工 大 學（「理 大」）訂 立 合 作 協 議（「該 協 議」）。根 據 該 協 議，天 坤 與 理 大 將 共 同 成 ...

Core Viewpoint - HashKey Holdings Limited is a comprehensive digital asset company with a global presence, aiming to create a digital asset ecosystem that meets the evolving needs of retail investors, institutional clients, and other stakeholders in the blockchain value chain [2]. Group 1: Company Overview - HashKey was established in 2018 and has developed a wide range of products and services related to digital assets, including trading facilitation, on-chain services, and asset management [2]. - As of September 30, 2025, HashKey's platform supports 80 types of digital asset tokens across various categories, including major Layer-1 assets, DeFi tokens, stablecoins, and emerging ecosystem projects [2]. Group 2: Financial Performance - As of September 23, 2025, HashKey's trading platform safeguards over HKD 19.9 billion in customer assets, with a cumulative spot trading volume of HKD 1.3 trillion [4]. - HashKey's on-chain business supports HKD 29 billion in staked assets, making it the largest on-chain service provider in Asia by staked assets and the eighth largest globally [4]. - Since its inception, HashKey has achieved an asset management scale of HKD 7.8 billion in the venture capital and liquidity strategy sectors [4]. Group 3: Market Position - According to Frost & Sullivan, HashKey is the largest regional onshore platform in Asia by trading volume as of 2024 [5]. - HashKey is also the largest on-chain service provider in Asia by staked assets and the largest digital asset management institution by assets under management [5]. Group 4: Financial Resources - As of August 31, 2025, HashKey holds HKD 1.657 billion in cash and cash equivalents, along with digital assets valued at HKD 591 million, of which 84% are mainstream tokens including ETH, BTC, USDC, USDT, and SOL [5]. - HashKey has received investments from various institutions, including Gao Rong Capital, Fidelity International, and others [5]. Group 5: IPO Plans - The net proceeds from HashKey's IPO will primarily be used for technology and infrastructure upgrades, market expansion, ecosystem collaboration, operational and risk management, and general corporate purposes [5].

Core Viewpoint - The company has entered into a non-binding term sheet with Kimber Labs Inc. to explore potential tokenization projects for real-world assets (RWA), indicating a strategic move into the RWA sector [1][2] Group 1: Company Strategy - The company will advise Kimber Labs on suitable RWAs and potential asset issuers for tokenization, focusing on areas such as renewable energy, housing, and intellectual property [1] - The collaboration with Kimber Labs aims to enhance the company's expertise and project execution efficiency in the RWA field [1] Group 2: Market Potential - The company recognizes the growth potential of the RWA business, with RWA financing expected to become a major source of funding [2] - According to a market report by Research and Markets, the RWA tokenization market is projected to reach $1.07 billion by 2029, with a compound annual growth rate (CAGR) of 12.5% [2] - The Hong Kong Monetary Authority is promoting the application of cryptocurrencies, marking significant progress in the practical application of tokenization technology within the financial industry [2]

Group 1 - The company has entered into a non-binding term sheet with Kimber Labs Inc. to explore potential tokenization projects for real-world assets (RWA) [1] - The company's main responsibilities include recommending eligible RWAs and potential asset issuers to Kimber Labs for on-chain tokenization and revenue distribution [1] - Kimber Labs will provide necessary infrastructure, technical interfaces, and ecosystem resources for the tokenization and on-chain deployment of the recommended assets [1] Group 2 - The company sees growth potential in the RWA business, considering it a major source of financing due to increasing global institutional acceptance of digital assets [2] - According to a market report by Research and Markets, the RWA tokenization market is expected to reach $1.07 billion by 2029, with a compound annual growth rate of 12.5% [2] - The Hong Kong Monetary Authority is promoting the development of cryptocurrency applications, marking significant progress in the practical application of tokenization technology in the financial industry [2]

Core Viewpoint - HashKey is a comprehensive digital asset company that provides a licensed digital asset platform for trading facilitation, on-chain services, and asset management, establishing itself as a leader in the Asian digital asset ecosystem [2] Group 1: Company Overview - HashKey operates a platform capable of issuing and circulating tokenized real-world assets and has launched HashKey Chain, a scalable Layer 2 infrastructure for on-chain migration [2] - The company is recognized as the largest regional onshore platform in Asia by trading volume, with a market share exceeding 75% in Hong Kong [2] - HashKey is also the largest on-chain service provider in Asia and the largest digital asset management institution by assets under management [2] Group 2: Revenue Sources - The company's revenue primarily comes from trading facilitation services, on-chain services, and asset management services, with trading facilitation being the core business driven mainly by institutional clients [3] - The Hong Kong platform supports trading of major digital assets including USDT, BTC, ETH, and others, while the Bermuda platform covers 72 categories of digital assets [3] Group 3: Financial Performance - For the fiscal years ending December 31, 2022, 2023, and 2024, and for the six months ending June 30, 2025, the company reported revenues of HKD 1.29 billion, HKD 2.08 billion, HKD 7.21 billion, and HKD 2.84 billion respectively [7] - The company recorded losses of HKD 5.85 billion, HKD 5.8 billion, HKD 11.9 billion, and HKD 5.07 billion for the same periods [7] - The revenue from the top five clients accounted for 79.6%, 56.0%, 18.5%, and 22.8% of total revenue in the respective periods [7] Group 4: Client Base - The client base consists of institutional clients such as banks, asset management firms, family offices, hedge funds, and Web3 developers, as well as omnibus clients, ecosystem partners, and retail users [3]