Core Viewpoint - The traditional financial system is undergoing a significant transformation in response to the rise of cryptocurrency, as evidenced by Nasdaq and NYSE's proposals to extend trading hours to 23 hours a day, reflecting a shift in investor expectations [5][10]. Group 1: Market Changes - Nasdaq and NYSE have submitted proposals to fundamentally reshape trading hours, aiming to extend them to 23 hours daily, driven by the impact of cryptocurrency on investor behavior [5][8]. - Approximately $17 trillion in overseas assets are seeking to escape time zone constraints and gain access to the U.S. market, prompting Wall Street's new proposal for a continuous trading cycle from Sunday 9 PM to Friday 8 PM [8][10]. Group 2: Industry Response - Nasdaq President Tal Cohen stated that the exchange is prepared to embrace the opportunities and challenges brought by extended trading hours, indicating a shift towards innovation while maintaining market integrity [10]. - The emergence of decentralized finance has already demonstrated the feasibility of 24/7 trading through tokenized stocks on public blockchains and systems like Blue Ocean ATS, which operates for 23.5 hours [11][12]. Group 3: Future Outlook - The SEC is expected to approve the proposed changes by the second quarter of 2026, leading to significant infrastructure changes, including the deployment of continuous clearing capabilities by the DTCC [13][14]. - Predictions indicate a 65% probability that fully operational 24/7 trading will become a reality within the next five years, marking a historical shift in the relationship between traditional finance and decentralized trading mechanisms [14].

Core Viewpoint - The founder of Huaxing Capital Holdings, Bao Fan, has reportedly completed a two-and-a-half-year investigation, which had previously caused significant disruption in the venture capital community [1] Group 1: Company Operations - Despite the investigation, Huaxing Capital's business and operations have continued normally, with the executive committee fully responsible for the group's strategic advancement [1] - Huaxing Capital has benefited from past investments in new economy sectors, exemplified by the recent successful IPO of C1 Fund on the New York Stock Exchange, where Huaxing acted as the exclusive underwriter, raising approximately $60 million by issuing 6 million shares at $10 each [1] Group 2: Strategic Initiatives - In June 2023, Huaxing Capital announced its entry into the Web 3.0 and cryptocurrency asset sectors, approving a budget of $100 million for the development of Web 3.0 business and cryptocurrency investments over the next two years [1] - The company plans to increase investments in stablecoins, Real World Assets (RWA), and the entire ecosystem surrounding cryptocurrencies, while actively pursuing the application and upgrade of relevant business licenses [1]

Group 1 - The company, 瑞和数智, has announced a budget of HKD 80 million to develop its Web 3.0 business and invest in cryptocurrency assets over the next two years [1] - This investment plan marks the company's first step into the Web 3.0 and cryptocurrency asset sectors, responding to supportive policies from the Hong Kong government [1] - The company recognizes the transformative impact of digital currencies and blockchain technology on the global financial landscape, highlighting the strong growth potential of the global digital asset market [1] Group 2 - The investment plan will focus on digital assets that comply with applicable laws and regulatory standards, including cryptocurrencies and real-world asset projects [2] - The company aims to accelerate the on-chain transformation of its traditional financial services and establish a favorable position in the digital financial ecosystem [2] - The board believes that the strategic investment in cryptocurrency assets aligns with the global trend towards digital asset institutionalization and the evolving regulatory framework [2]

Core Viewpoint - Huaxing Capital Holdings has announced its decision to enter the Web 3.0 and cryptocurrency asset sectors, allocating a budget of USD 100 million for the development of Web 3.0 business and investment in cryptocurrency assets over the next two years [1] Group 1 - The board of Huaxing Capital Holdings has approved a budget of USD 100 million for the next two years [1] - The company aims to develop its Web 3.0 business and invest in cryptocurrency assets [1]