Criticism from the outside world that "Hong Kong's stablecoin ecosystem cannot rely solely on licenses" is not pessimism; rather, it points to the real work that needs to be done in the next phase.

This deal doesn't add up financially because it's a battle for the "Strait of Hormuz" of the next-generation global payment system.

The restructuring of the geopolitical order and the compliance of virtual assets may well represent a major transformation unseen in the 21st century for Hong Kong.

Could enabling ordinary users to enter unicorns like SpaceX before the bell rings through tokenization be the new future proposition for RWA?

In the crypto industry, we always shout "disrupt banking", but in reality, the fastest way to overhaul is through compatibility.

As a recognized essential patch for Based Rollup, Preconfs has finally taken a crucial step toward standardization.

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

CeFi的补贴不可持续，DeFi的门槛太高，而CeDeFi正在尝试提供一个中间解。

从合成资产，到 CFD 差价合约，再到实股托管，合规、流动性与用户体验如何博弈？

Compliance is on the rise, DEX is exploding, and offshore is being squeezed. There is no middle ground in the final outcome of Crypto exchanges.

一条成熟的「猎杀链条」悄然成型，厂商的完善验证机制与用户的安全意识，亟需闭环。

From "being able to be put on the chain" to "being used", it becomes a "live asset that can be used for trading", releasing the liquidity of US stock tokens.

The departure of U Card is a historical mission that should have ended. From Crypto to TradFi, it is a good business for the next game.

Binance makes another move after 7 years. From SafePal to OneKey, is hardware wallet a good business?

GMX and dYdX have long fallen from the "holy grail", but decentralized derivatives should still have new tickets.