Market Overview - The market experienced a slight decline with all three major indices falling. The military industry sector showed strong performance, with stocks like Wanlima and Great Wall Military reaching their daily limit. Stablecoin concept stocks also gained traction, with Jida Zhengyuan and Jingbeifang hitting their limits. Solid-state battery concepts were active, with Tianji Co. and Shanghai Xiba reaching their limits. Bank stocks performed well, with 11 bank stocks, including Industrial and Agricultural Bank, reaching historical highs. In contrast, the innovative drug sector saw declines, with Rongchang Bio dropping over 18%. Overall, more than 3,600 stocks in the Shanghai and Shenzhen markets fell, with a total trading volume of 1.62 trillion [1]. Hot Topics RWA - The RWA concept saw significant gains, with Jida Zhengyuan achieving four consecutive limits and Jingbeifang two consecutive limits. The China Mobile Communications Association is seeking "RWA ecological partners" nationwide, planning to select 20 units to establish an "RWA Joint Laboratory" [4][5]. - RWA is viewed as a bridge between real-world assets and web3.0, facilitating financing from web2.0 to web3.0. It utilizes blockchain technology to convert tangible or intangible assets into digital tokens, allowing cryptocurrency holders to invest in fixed-income products, thus diversifying assets and sharing risks [5][6]. Military Industry - The military sector experienced a notable rise, with Long Wall Military achieving six limits in seven days, alongside stocks like Wanlima, Hunan Tianyan, and Guorui Technology also performing well. A significant event is scheduled for September 3, where a grand ceremony will be held in Tiananmen Square, showcasing domestically produced military equipment [7][8]. Computing Power - The computing power sector also showed positive performance, with stocks like Shidai Wanheng, Yanhua Intelligent, and Jingwang Electronics reaching their limits. New Yi Sheng, a leader in CPO technology, saw a 5% increase, reaching a historical high [10][11]. - CPO technology is expected to drive significant changes in the optical communication industry, with a projected compound annual growth rate of 65% from 2020 to 2032. The domestic PCB/CCL industry leaders are anticipated to benefit from the tight supply-demand situation in high-end production [12].

Core Insights - The article emphasizes the transformative power of NFT technology beyond mere speculation, highlighting its integration into physical industry chains as a core engine for digital asset management, process optimization, and user interaction innovation [1][5][13] Group 1: Use Cases of NFTs in Enterprises - NFTs can enhance supply chain transparency and product traceability by creating "digital twins" that securely record data from raw materials to logistics, significantly improving brand trust [6] - Digital rights certificates and loyalty programs can be transformed into NFTs, allowing for flexible and scarce benefits, enabling precise marketing through user preference analysis [6] - Intellectual property management can be streamlined by anchoring copyright information to NFTs, simplifying licensing processes and ensuring transparent royalty distribution [6] - Innovative brand marketing and user interaction can be achieved through limited edition NFTs that serve as community identity symbols, providing immersive experiences that deepen emotional connections with users [6] Group 2: Key Development Considerations - Successful enterprise-level NFT development requires systematic construction, including precise demand definition, rigorous smart contract design, and prioritizing user experience [8][9] - Companies must ensure compliance with regulatory requirements regarding digital assets, clearly defining the rights represented by NFTs to avoid crossing financial securities lines [9][10] - Evaluating different blockchain ecosystems for cost, speed, and compatibility with existing IT infrastructure is crucial for effective NFT implementation [10] - Long-term operational planning is essential for sustainable NFT projects, including community maintenance and rights updates [11]

Group 1 - Central banks and regulatory bodies are intensifying their exploration of blockchain technology in the financial system, with the People's Bank of China emphasizing its role in central bank digital currencies and stablecoins [1] - The "payment upon settlement" feature of blockchain technology is reshaping traditional payment infrastructure, significantly improving efficiency and reducing costs in cross-border payments [3] - The Hong Kong Stablecoin Bill marks the formal acceptance of compliant digital assets in the Asian financial market, providing a regulatory framework that benefits compliant enterprises [3][8] Group 2 - TRON's network boasts high throughput (over 2000 TPS) and low transaction fees (approximately $0.1 per transaction), making it an ideal underlying infrastructure for stablecoin circulation [3] - The issuance of stablecoins is now subject to regulatory requirements, including maintaining sufficient reserves and undergoing regular audits, which helps to standardize the market and mitigate chaos [3][4] - TRON has established partnerships with licensed institutions to enhance the transparency of its stablecoin reserves, with the issuance of TRC20-USDT surpassing 80 billion, accounting for over 50% of the total USDT supply [3] Group 3 - The rise of stablecoin illegal transactions has increased regulatory concerns, highlighting the urgent need for collaborative regulation [4] - TRON has improved its suspicious transaction interception rate to over 98% through on-chain analysis tools and regulatory data sharing [4] - The company is developing a cross-border payment protocol based on smart contracts, which will facilitate automatic currency conversion among multiple national currencies [6] Group 4 - The implementation of stablecoin legislation in Hong Kong signifies a transition from disorderly expansion to a new era of regulated competition in the industry [8] - TRON's strategic positioning and technological foundation have allowed it to occupy a core position in the stablecoin sector [8] - The company aims to become a key infrastructure provider as blockchain technology is projected to handle 30% of cross-border payment transactions in the next five years [6]

Group 1 - The central bank's recent statements on stablecoins provide clear guidance for the future development of the industry, emphasizing compliance and security as core principles [3][8] - TRON has achieved a breakthrough in transaction processing capability, handling millions of transactions per second with confirmation times of just three seconds and negligible fees, significantly enhancing user experience [3] - The USDT stablecoin, based on the TRON blockchain, has seen substantial adoption, with on-chain transaction volumes reaching $1.6 trillion and over 268 million transactions in the past six months, leading the stablecoin market [3] Group 2 - TRON is leading in compliance by collaborating with global regulatory bodies, being the first stablecoin protocol to pass the EU MiCA regulation and comply with ISO 20022 standards, enhancing market trust [4] - The recent launch of the USD1 stablecoin, backed by short-term government bonds and cash, marks a significant advancement for TRON in the digital asset space, with a focus on transparency and compliance through third-party audits [6] - TRON aims to achieve zero-cost stablecoin transfers by the end of 2025, enhancing global payment competitiveness, while also expanding the application of stablecoins through cross-chain upgrades and the RWA project [6]

Core Insights - Central banks and regulatory bodies are accelerating the exploration of blockchain technology in the financial system, with a focus on Central Bank Digital Currencies (CBDCs) and stablecoins as key drivers of development [1][3] - The introduction of the Hong Kong Stablecoin Regulation Draft signifies the recognition of compliant digital assets in the Asian financial market [1][4] - TRON, as an early player in the industry, has developed a stablecoin strategy that integrates technology, ecosystem, and compliance, positioning itself for global expansion [1][4][7] Blockchain Technology Reshaping Payment Systems - Blockchain technology enables "payment upon settlement" through decentralized ledgers and smart contracts, significantly reducing the time and cost associated with traditional payment systems, particularly in cross-border payments [3] - Traditional SWIFT systems take 2-3 business days for settlement, while blockchain solutions can reduce this to minutes, cutting costs by over 60% [3] - TRON's network features high throughput (over 2000 transactions per second) and low transaction fees (approximately $0.1 per transaction), making it an ideal infrastructure for stablecoin circulation [3] Milestone Significance of Hong Kong's New Policy - The Hong Kong Stablecoin Regulation Draft mandates issuers to maintain sufficient reserves and undergo regular audits, integrating stablecoins into the financial regulatory framework [4] - This policy aims to regulate market chaos and provide a development window for compliant enterprises [4] - TRON has collaborated with licensed institutions since 2022 to enhance the transparency of its ecosystem stablecoins, such as USDT-TRON, which has surpassed an issuance of 80 billion, accounting for over 50% of the total USDT supply [4] Regulatory Challenges and AML Pressures - The anonymity and cross-border liquidity of blockchain technology pose challenges for anti-money laundering (AML) and capital controls, with a reported 10% year-over-year increase in illegal transactions related to stablecoins [6] - TRON has improved its suspicious transaction interception rate to over 98% through on-chain analysis tools and data sharing with regulatory bodies [6] - The call for a "global stablecoin regulatory sandbox" aims to establish unified standards to address cross-border collaboration challenges [6] TRON's Stablecoin Strategy - TRON's stablecoin advantages stem from its technical efficiency, comprehensive ecosystem integration, and proactive regulatory compliance in regions like the US and Singapore [7] - The company is developing a cross-border payment protocol based on smart contracts to facilitate automatic currency conversion among multiple fiat currencies [7] - Predictions indicate that 30% of cross-border payments will be conducted via blockchain in the next five years, with TRON aiming to be a foundational infrastructure provider in this transition [7] Industry Transition and Future Outlook - The implementation of Hong Kong's stablecoin legislation marks a shift from unregulated growth to compliant competition within the industry [9] - TRON's technological advancements and strategic foresight have positioned it favorably in the stablecoin sector, although global expansion will face regulatory fragmentation and technological evolution challenges [9] - The coexistence of CBDCs and private stablecoins is expected to redefine the future of the payment industry [9]

Core Viewpoint - Derin Holdings (01709.HK) has entered into a non-binding term sheet with Via BTC Holdings Limited to establish a strategic partnership focused on cryptocurrency and digital asset services [1][2] Group 1: Strategic Partnership - The partnership will involve the formation of a joint venture to engage in OTC cryptocurrency trading, asset management, and family office services for OTC and/or cryptocurrency mining clients [1] - The collaboration aims to leverage Via BTC's existing infrastructure and expertise in financial advisory, securities trading, and brokerage to create synergies [2] Group 2: Business Diversification - This strategic move allows Derin Holdings to accelerate its entry into the high-growth digital asset and blockchain services sector, diversifying its business portfolio beyond traditional finance [2] - The partnership will extend the company's existing asset management and family office services to include OTC and cryptocurrency mining clients, generating diversified revenue streams and expanding market coverage [2]

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 自願性公告 與VIABTC HOLDINGS LIMITED 開展戰略合作之條款書 本公告由德林控股集團有限公司（「本公司」，連同附屬公司統稱為「本集團」） 自願刊發，旨在知會本公司股東及潛在投資者有關本集團之最新業務發展。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年6月24日，本公司與 ViaBTC Holdings Limited（「ViaBTC」）訂立不具法律約束力之條款書（「條款 書」），以開展戰略合作。本集團將透過成立合營企業與ViaBTC深入合作，共同 進行：(i)加密貨幣場外(OTC)交易；(ii)向OTC及╱或加密貨幣挖礦客戶提供資 產管理及家族辦公室服務；及(iii)其他潛在業務合作，包括但不限於建立比特 幣(BTC)儲備及開發獲證券及期貨事務監察委員會發牌之虛擬資產交易及虛 擬資產管理平台（「建議成立合營企業」）。 1 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 ...

智通财经6月23日电，海联金汇在互动平台表示，公司自主研发的区块链底层框架优链系统（UChains） 自2017年来已连续7年通过中国信息通信研究院"可信区块链"标准评测；自主研发的"海联金汇供应链金 融系统"、"优链区块链服务平台（UBaaS）"、"联动优势UChains区块链平台"等4项区块链系统，已经 先后通过国家互联网信息办公室备案。 海联金汇：4项区块链系统先后通过国家互联网信息办公室备案 ...

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