RWA: A New Frontier in Financial Reform
With the launch of Bitcoin spot ETFs, the crypto space is ushering in a new development turning point. The entry of traditional financial giants has further propelled the development of the RWA sector. More and more financial institutions are beginning to explore how to enable on-chain trading and management of traditional assets such as stocks and bonds through blockchain technology, and this trend is reshaping the landscape of the financial market.
Recently, a series of initiatives launched by Ondo Finance marks the gradual mainstreaming of the RWA sector. This transformation has also triggered a new round of competition, quietly altering the rules of the game in both the cryptocurrency market and traditional finance.
The differentiation and commonality of RWA projects
Ondo Finance has been quite active recently. On February 5th, they launched the Ondo Global Markets platform, providing blockchain integration services for stocks, bonds, and ETFs. They then announced

This article explores the risk challenges of blockchain technology applications in the financial sector, including technical, governance, and business-level difficulties, and proposes corresponding countermeasures, such as strengthening policy regulation, industry collaboration, and fundamental research by practitioners, to promote the healthy development of blockchain in the financial industry.

BCH is about to usher in a new round of technical updates, but the Infrastructure Funding Plan (IFP) still sparks controversy. With only a month left until the update on May 15, many users are questioning the existence of the IFP code on social platforms and demanding explanations from the development team.
To address this situation, the development team recently launched a fundraising campaign for protocol development, aiming to raise 14,500 BCH (approximately 3.3 million USD) to support development work. As of now, 43% of the fundraising has been completed, and the campaign will continue until April 30. As the update date approaches, the implementation of the IFP will depend on the fundraising results.
However, this fundraising campaign has raised new concerns. Some users are worried that if the fundraising goal is not met by the end of the month, will the IFP become the last resort plan. According to the business plan for the next year released by the development team, if the fundraising fails, it can...

This week, the sentiment in the crypto market has warmed up. Although it is still in the panic zone, small-cap coins are performing better than large-cap ones. The AI Agent sector continues to attract follow, with the market size reaching $12.2 billion. The total Lock-up Position for DeFi projects has slightly risen, while the Meme coin market is mainly focused on AI-related projects. It is expected that market liquidity will recover after the holidays, and investors should enhance their allocation to top assets.

The arrival of the era of hyper-speculative capitalism
The current global economy is in a特殊时期, and traditional economic rules seem no longer applicable. Fiscal and monetary policies were originally tools to stabilize the market, but this stability has now shown cracks. The United States maintains a high deficit even during a period of full employment, with interest rates remaining at 5%, yet Bitcoin is approaching historical highs, and even in times of economic "prosperity," stimulus measures continue. The market no longer reflects fundamentals but instead reflects liquidity.
In this environment, Bitcoin's performance is particularly striking. It no longer requires a weak economy or interest rate cuts to support it; rather, the most favorable macro environment may be one where liquidity conditions continue to improve. The global M2 money supply remains high, with ample funds in the market driving its rise. According to historical patterns, Bitcoin typically reaches its peak 525 to 530 days after the halving, which means that late September 2025 could be a key timeframe.

The scale law of the Crypto Assets ecosystem: Exploring the rise limits of Decentralized Finance
The rapid development of the digital asset field is remarkable, especially the rapid progress of large language models driven by capital, which even surpasses Moore's Law in the traditional chip industry. This phenomenon has led us to ponder: does blockchain technology also have similar scale effects and growth limits? Against the backdrop of Layer 2 scaling solutions and Ethereum's return to mainnet competition, we attempt to construct a scale law model suitable for the Crypto Assets ecosystem.
The polarization of public chain data scale
Starting from the scale of full node data, we can clearly see the differences between various public chains. Full node data represents a complete backup of the blockchain network and is also one of the key indicators of decentralization.
A certain high-performance public chain seeks a balance between decentralization and efficiency with its 1,500 nodes, while its 400TB full node data size also far surpasses that of other competitors.

Ethereum 2.0 Launch: Layer 2 May Become Growth Partners
The Ethereum 2.0 Beacon Chain officially launched its genesis block on the evening of December 1st, marking a new development stage for Ethereum. This is undoubtedly an important milestone for the Ethereum community, signifying Ethereum's acceleration from PoW to PoS and laying the foundation for significant future scalability.
However, the long implementation cycle of Ethereum 2.0, multiple adjustments to its roadmap, and high migration costs have made this significant upgrade face many challenges. At the same time, various Layer 2 scaling solutions such as Rollup, Plasma, and Validium have emerged in the Ethereum ecosystem, each having certain advantages in terms of scalability, implementation cycle, and engineering difficulty.
In the short term, Layer 2 solutions seem more attractive and may even become an important part of Ethereum's long-term development. This article will explore Layer 2.

Hong Kong Legislative Council member Andrew K. Yiu: Hong Kong's Web3 policy is catching up with Singapore, with only a one to two year gap remaining.
In recent years, Hong Kong's attitude towards Web3 has changed significantly, demonstrating its determination to promote the development of the virtual industry. As a member of the Legislative Council of Hong Kong representing the technology and innovation sector, Charles Mok has been paying attention to and promoting the formulation of Web3-friendly policies. He believes that although virtual currency was initially a smaller field, its development momentum has begun to emerge with technological advancements and the proliferation of applications. Mok compares the current stage of Web3 development to the internet in 2003 and holds an optimistic view of its prospects.
When comparing the cryptocurrency policies of Hong Kong and Singapore, Qiu Dagen stated that the policies in both places are quite similar, but the direction of development is slightly different. Singapore has an advantage in cryptocurrency payments but has strict regulations on virtual asset trading for the general public. Although Hong Kong started later, the overall planning is not significantly different from that of Singapore. He believes that "Hong Kong and

The digital money banking institution recently announced its financial report for the first quarter of 2023. The report shows that as of March 31, the total user deposits on the platform reached 106 million USDT. The operating revenue for the first quarter was 1.9742 million USDT, with a net profit of 1.2973 million USD.
This financial report stands in stark contrast to the institution's full-year performance in 2019. In 2019, the platform's total revenue was 2.31 million USDT, with a net profit of 610,000 USDT. The net profit for the first quarter of this year is already 2.12 times the net profit for the entire year of 2019, indicating significant growth momentum.
In addition to the financial data, the platform also conducted a buyback and destruction operation of its platform token on April 10. This move aims to adjust the token supply and may have an impact on the token's value. The relevant destruction records have been publicly displayed on the institution's official website to ensure transparency.
This

Comparison and Analysis of Data on PoS Public Chains: ETH2.0, Tezos, and Cosmos
In 2020, public chains adopting the PoS consensus mechanism became a hot topic in the market. This article will compare and analyze three main PoS projects: ETH2.0, Tezos, and Cosmos, exploring the distribution of their wallet addresses and the number of tokens held from the perspective of on-chain data.
ETH2.0 is a major upgrade for Ethereum, transitioning from a PoW to a PoS mechanism. This change is expected to reduce ETH's annual inflation rate from nearly 10% to below 2%, significantly enhancing its scarcity.
Tezos is a high-performance smart contract platform known for its self-amendment capability. XTZ token holders can participate in network governance and technical upgrades directly or indirectly.
Cosmos aims to provide scalability and interoperability between blockchains. It is based on the Tendermint consensus algorithm.