🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Tom Lee's Bitmine bought 98,852 $ETH last week, bringing total holdings to 4,066,062 $ETH worth ~$12.42B.🔹 Peter Thiel-backed digital bank Erebor set to raise $350M in funding round, more than doubling its valuation to $4.35 billion as it targets crypto and tech clients.🔸 Pro-crypto Michael Selig has officially been sworn in as the 16th CFTC Chairman.🔹 Trump Media added 451 $BTC worth about $40 million, bringing its total Bitcoin holdings to 11 ...

吴说获悉，Grayscale 发布《2026 数字资产展望》称，2026 年将是加密 "机构时代" 加速之年，两大核心驱动力来自宏观价值储存需求上升与监管显著改 善。报告预计比特币有望在 2026 年再创新高，美国或在 2026 年推进两党支持的市场结构立法，推动稳定币、RWA、链上证券与传统金融深度融合；同 时，资产代币化或迎来拐点，规模到 2030 年或有 1000 倍增长潜力。Grayscale 指出，稳定币、DeFi、链上收入与可持续现金流将成为机构关注核心指标， 行业结构性分化将进一步加剧。 来源：市场资讯 （来源：吴说） ...

划重点 ① AI 正在从"数字助理"进化为"自主执行集群"。2026 年将见证 AI 从"对话工具"向"多智能体系 统（Multi-Agent）"的跨越。a16z 预言屏幕时代即将终结，Agent 原生基建将重定义云端速度， 开启企业运营杠杆的历史性飞跃。 ② 科技正在溢出屏幕，"比特"开始全面接管"原子"。电气化、材料科学与 AI 融合而成的"电子 工业堆栈"将成为物理世界运行的底层逻辑。通过软件定义制造与 AI 自动化，美国有望迎来工 厂复兴的黄金时代。 ③ SaaS 正经历从"被动记录"到"主动推理"的范式转移，个性化服务将实现从"为所有人优 化"到"为每个人定制"的飞跃。加密货币将化身为互联网的基础结算层，稳定币与 RWA 将重构 金融底层；而预防性医疗将开启长效变现的新蓝海。 RockFlow 本文共2810字， 阅读需约10分钟 想进群看深度投研？现在就行动！ 点赞＋推荐＋评论本文，截图发给 Fafa（微信：rockflowfafa），马上开通 RockFlow 社群资格。 额外福利：年度 AI 报告合集，先到先得。 在美股市场，预见趋势的能力往往决定了 Alpha 的成色。作为硅谷风投界的"定海 ...

Core Viewpoint - The article highlights the increasing risks associated with virtual currencies, particularly focusing on scams disguised as legitimate investment opportunities, emphasizing the need for heightened vigilance among investors [4][5][6]. Regulatory Environment - Recent regulatory actions in China target not just virtual currencies but also the fraudulent schemes that exploit these concepts, indicating a growing concern over illegal fundraising and scams [4][5]. - The People's Bank of China reiterated that virtual currencies do not hold the same legal status as fiat currencies and should not be circulated in the market [4]. Scam Mechanisms - Scammers are utilizing sophisticated tactics to lure investors, often presenting themselves as knowledgeable individuals in investment groups, which creates a false sense of security [5][10]. - The article describes a specific case where an individual was gradually manipulated into investing in virtual currencies through a series of seemingly legitimate interactions and small initial profits [10][13][14]. Investor Experience - The narrative illustrates how trust is built over time through consistent communication and small wins, leading to larger investments in high-risk schemes [14][22]. - The individual in the story experienced a gradual escalation from traditional stock options to cryptocurrency options, showcasing how scammers pivot their strategies to maintain engagement and investment [16][18][25]. Warning Signs - Key indicators of potential scams include the requirement to share personal investment information, the use of multiple accounts by the same scammer, and the sudden urgency to invest more during market downturns [32][34][35]. - The article emphasizes the importance of recognizing these red flags and maintaining skepticism, especially when dealing with unfamiliar investment platforms [6][40]. Conclusion - The article concludes with a cautionary note about the dangers of succumbing to greed and the importance of being aware of the risks associated with virtual currencies and investment schemes [40][41].

👀 Top Crypto Fundraising Last Week1. Upbit ( @Official_Upbit) - $10.30B; CEX2. ht.​digital ( @htdgtl) - $262.00M; PoR3. FORDEFI ( @FordefiHQ) - $100.00M; Wallet, MPC4. Figure ( @figure) - $25.00M; RWA, Stablecoin5. Gonka ( @gonka_ai) - $12.00M; AI, DePIN6. SpaceComputer ( @SpaceComputerIO) - $10.00M; Security, DePIN7. Nexton ( @NextonNode) - $4.00M; LSDfi, Ton Ecosystem8. Pruv Finance ( @PruvFinance) - $3.00M; RWA9. CreatorFi ( @insomnia_labs) - $2.00M; Creator Economy, Aptos Ecosystem ...

RT Lista DAO | BBW Dec 3-4 🇦🇪 (@lista_dao)2025 Final Sprint: Introducing Lista RWA@lista_dao brings real-world yield onchain to @BNBCHAIN, with RWA integrations via @centrifuge and price feeds powered by @chainlink.Deposit USDT to receive a yield-accruing RWA backed by:- U.S. Treasury Bills- AAA-rated CLOs https://t.co/F3mRMshuaC ...

RT Joey 🔺 (@joeycannoli9)🚨 BREAKING 🚨RWA value on @avax has surpassed $1 billion, reaching a total of $1.25 billion across 42 assets, representing a market share of 5.7%. This significant milestone comes after a recent $500M increase in assets via @BlackRockAvalanche - tokenizing the world assets 🔺 ...

Group 1: OSL Group - OSL Group is currently the only publicly listed licensed virtual asset exchange in Asia, benefiting from a rare licensing barrier and diversified product expansion, which provides a first-mover advantage [1][3] - The company is expected to achieve profitability for the first time in 2024 since its strategic shift to the digital asset industry in 2018, with net profits projected to be -0.66/-0.12/0.20 million HKD for 2025-2027 [2][24] - OSL has obtained dual licenses from the Hong Kong Securities and Futures Commission (SFC) and Anti-Money Laundering Ordinance (AMLO), ensuring compliance and regulatory framework for its operations [3][25] - The company is accelerating global expansion through acquisitions in Japan and Europe, which is expected to drive significant revenue growth [3][25] - A strategic investment of up to 30 million USD in the PayFi ecosystem is planned to enhance payment services, which will be a key focus area for the company in the coming years [4][26] Group 2: Chengde Lululemon - Chengde Lululemon reported a significant revenue recovery in Q3, with a year-on-year growth of 8.91%, although the increase in sales expenses offset the gross margin expansion [5][6] - The company is focusing on the launch of new products, particularly the Lululemon plant-based health water series, which is expected to enhance brand competitiveness and capture market demand [7] - The market for traditional health water is projected to grow significantly, with an expected market size of 30 billion RMB in 2024, indicating a favorable environment for the company's new product line [7] Group 3: GCL Technology - GCL Technology's photovoltaic materials business turned profitable in Q3 2025, with an estimated profit of approximately 9.6 billion RMB, marking a significant recovery [8][34] - The company is expected to achieve net profits of -13.81/13.17/20.55 billion RMB for 2025-2027, reflecting a positive outlook for future profitability [8][34] - The company is benefiting from a reduction in competition and a focus on core business areas, which is expected to enhance its operational efficiency [8][34]

Core Viewpoint - The "Hong Kong Stablecoin Regulation" is entering a rapid implementation phase, with strict regulations providing a trust endorsement that accelerates the aggregation of capital, technology, and scenarios, forming a new generation of "financial innovation testing ground" [2][22] Group 1: Market Demand and Regulatory Framework - Following the passage of the "Hong Kong Stablecoin Regulation" on May 21, 2025, the market is entering a rapid development phase, with a strong demand for stablecoin licenses from major financial and technology companies [3] - The regulatory framework emphasizes high standards and compliance, requiring applicants to have substantial capital, a robust risk management system, and clear application scenarios [3][9] - The regulation aims to establish a safe and innovative institutional paradigm, solidifying Hong Kong's position in the global stablecoin landscape [3] Group 2: Characteristics and Applications of Stablecoins - Stablecoins are digital assets anchored to fiat currencies, designed to maintain price stability, with USDT being a prominent example [4] - They have rapidly gained popularity due to their ability to serve as a foundational tool for crypto trading, payments, decentralized finance (DeFi), and tokenization of real-world assets (RWA) [5] Group 3: Strategic Significance and Global Regulatory Trends - The global regulatory landscape is shifting, with stablecoins gaining attention due to their value anchoring features and practical trading functions [7] - Stablecoins can promote the internationalization of the Renminbi and the evolution of the global trade system, particularly in high-frequency scenarios like cross-border e-commerce [7] - They are expected to enhance the resilience and modernization of financial infrastructure, serving as a "second clearing channel" [7] Group 4: Hong Kong's Role and Innovations - Hong Kong is positioned as a pioneer in stablecoin development, leveraging its "one country, two systems" advantage to attract global capital and projects [8] - Current explorations focus on expanding application scenarios, such as tokenizing assets like charging stations and trade receivables, and innovating cross-border payment and trade settlement processes [8] Group 5: Recommendations for Financial Institutions - Financial institutions in Hong Kong should establish a unified understanding of stablecoins, RWAs, and blockchain technology to navigate the evolving regulatory landscape [19] - They should prioritize standard financial RWAs due to their higher maturity and feasibility, which can help build trust and compliance advantages [20] - Institutions must enhance compliance capabilities and proactively build high-level trust with regulators, ensuring that RWA products genuinely serve the real economy [21]

Core Insights - The Hong Kong Stablecoin Regulation, passed on May 21, 2025, has led to a rapid development phase in the market, with major financial and tech firms expressing intentions to apply for stablecoin licenses, indicating strong demand for such licenses in Hong Kong [2] - The regulatory framework emphasizes high standards and compliance, requiring applicants to have substantial capital, robust risk management systems, and clear application scenarios, aiming to balance safety and innovation [2][6] - Stablecoins, which are digital assets pegged to fiat currencies, are gaining traction as they provide a more stable alternative to volatile cryptocurrencies like Bitcoin, making them suitable for daily transactions and cross-border settlements [3][4] Industry Trends - The global regulatory landscape for stablecoins is shifting, with increasing recognition of their potential to enhance financial stability and facilitate cross-border transactions, particularly in the context of China's strategic push for compliance-driven stablecoin development through Hong Kong [4][5] - Stablecoins are seen as a tool for promoting the internationalization of the Renminbi and enhancing the resilience of financial infrastructure, offering faster and more transparent cross-border settlement solutions compared to traditional banking networks [5][6] - The interaction between stablecoins and Real World Assets (RWA) is expected to create a new financial model in Hong Kong, where stablecoins serve as a monetary layer and RWAs represent the asset layer, enhancing liquidity and investment opportunities [8][10] Regulatory Developments - Hong Kong's regulatory approach aims to create a sustainable and replicable ecosystem for digital assets, with a focus on compliance and risk management, while also attracting global capital and projects [6][7] - The U.S. government is also advancing stablecoin regulation, recognizing their commercial potential and the need to maintain the dollar's dominance in the digital finance landscape [7][8] - The establishment of a clear regulatory framework is crucial for the successful integration of stablecoins and RWAs into the financial system, ensuring that innovation does not compromise financial stability [12][13] Recommendations for Financial Institutions - Financial institutions in Hong Kong should develop a systematic understanding of stablecoins and RWAs, focusing on their impact on traditional financial logic and risk management [15][16] - Institutions are advised to prioritize standard financial RWAs due to their higher maturity and compliance advantages, which can help build trust and reduce costs [16] - Strengthening compliance capabilities and establishing high-level trust with regulators is essential for navigating the evolving landscape of stablecoins and RWAs [17][18]