In the cryptocurrency world, there is never a final ending to a story, only the next chapter that is constantly being written.

重置、重建、重构Web3。

Naver Financial plans to proceed with a full share swap with Upbit's parent company Dunamu; Tether plans to raise up to $20 billion at a valuation of $500 billion.

Many people enter the game, but many people leave.

Antalpha has partnered with Tether to provide the market with lending services and full-stack infrastructure solutions using Tether Gold (XAU₮) as collateral, leveraging its physical asset digital infrastructure service platform, Antalpha RWA Hub, to jointly create trusted digital gold.

Who will take over after RWA? Will RWB be just old wine in a new bottle?

加密行业正从比特币等原生资产，转向代币化的现实世界资产（RWA），如国债和房产。

Today’s crypto market is neither the casino of 2017 nor the frenzied bubble of 2021, but a new era of structure and adoption.

全球数万亿美元的传统资产长期停留在中心化体系或冷钱包中，流动性低、可编程性弱，而代币化不仅能释放流动性，还能将智能合约与DeFi机制引入传统资产市场。然而，从潜力到落地，RWA的发展一直受限于制度、法律及技术壁垒。

美联储主席鲍威尔在9月降息25个基点后强调，美国货币政策依旧处于微妙平衡：一方面，通胀虽回落至接近目标，但仍面临粘性风险；另一方面，就业增长放缓，劳动市场的疲态逐步显现。

Towards a new era of finance that is more open, transparent and innovative.

The butt determines the head. Let's hear what arguments the military and the air force have.

Apollo received $50 million in support and launched a new tokenized credit fund; the Cardano Foundation updated its roadmap: it plans to focus on supporting the development of stablecoins and RWAs.

Going on-chain is only the starting point of RWA; making assets truly tradable is the ultimate goal of tokenization.

LBank Labs与韩国国会议员闵炳德及韩国区块链产业促进协会（KBIPA）合作，在KBW 2025期间成功呈现了“全球区块链论坛——韩国 2025”

将股票搬上链，仅是第一张多米诺骨牌，催生新的可组合玩法与衍生生态，才是更宏大的RWA图景。