PANews Columns

Tongyi Qianwen: Launch of Qwen3-Max-Preview

Coinbase International adds 9 new assets as collateral for perpetual contracts

The RWA market is experiencing strong growth, reaching a total market capitalization of $28.3 billion, with increased participation from small and medium-sized investors. While stablecoins are expanding, retail trading is shrinking, with institutional investors dominating. The EU emphasizes regulatory transparency, leading to RWA penetration into the healthcare sector.

Data from this period shows that the total market capitalization of RWA on-chain reached US$26.71 billion (a 5.10% increase month-over-month), and outstanding loans in the private credit market exceeded US$16 billion, with an average interest rate of 9.75%, highlighting the advantages of on-chain returns. On the regulatory front, the Hong Kong Monetary Authority announced the implementation of the Basel capital requirements for crypto assets in 2026, signaling tightening global regulation. Traditional institutions are accelerating their deployment: Shangao Holdings issued Hong Kong's first corporate tokenized note, Fosun Wealth became a distributor of DBS Bank's tokenized products, and Lianyirong partnered with XRP Ledger to advance supply chain finance on-chain. At the project level, Ondo Finance will launch an on-chain US stock trading platform, Aave Labs' new platform allows institutions to borrow stablecoins using tokenized government bonds as collateral, the Thai government launched the world's first tokenized government bond through KuCoin, and the tokenization of carbon emission reduction assets reached a record US$32 billion.

Stripe and Circle chose to reinvent the wheel, while PayPal bet on KiteAI.

Although the trigger condition for this attack was that the wealthy investor was phished by a social worker, the attack was still successful. The stolen $30 million will most likely become bad debt on the Venus platform. Coupled with the temporary panic run effect, the impact is enough to make Venus suffer a heavy loss.

Let’s briefly review the current historical coordinates to frame why the interweaving of currencies, stocks and bonds is important.

In an era when retail investors refuse to trade, what exactly are the big investors making money from?

From Ukraine to Iran, the investment logic and role evolution of Bitcoin under geopolitics.

Rug Pull has become a systemic problem in the cryptocurrency field. Scammers drain project liquidity through malicious code and short-term operations, causing investors to lose all their money. According to bitsCrunch data, more than 700,000 people have been victimized, and the illegal gains have reached trillions of dollars.

South Korea banned excessive leveraged lending of virtual assets; Binance launched STAR and OPEN tokens; RED soared 86% after its listing on Upbit; Stripe and Paradigm launched the stablecoin payment chain Tempo.

Guofu Quantum established the RWA8 fund to compete for global pricing power. American Bitcoin rose nearly 17% on its first day of listing. The listed company SUI Group increased its holdings by approximately 20 million SUIs, with the size of its holdings exceeding US$300 million.

What exactly are the long-term competitiveness and "moats" of DAT companies? Where will they go in the future?

Why has the cryptocurrency stock DAT evolved into a situation where "official announcements cut in half"?!

This week's picks

This week's picks

If you are a blockchain developer in the Polkadot ecosystem and are looking for a high-value, milestone-making project and incentive mechanism, then you cannot miss the JAM Prize.

If you're following the Polkadot ecosystem, you've undoubtedly heard of the JAM upgrade (Join-Accumulate Machine), a next-generation protocol architecture proposed by Polkadot founder Gavin Wood in April 2024.

The long-rumored new stablecoin public chain Tempo has officially been unveiled.

With 36 funding programs, there's something for everyone.

ChainOpera, the world's leading "AI+blockchain" integration project, will soon be launched in Shanghai and Hangzhou in China. The project focuses on "collaborative intelligence" and has more than 3 million users, more than 100,000 developers and thousands of GPU nodes. Its star application once ranked first on the BSC chain AI DApp daily list and received US$17 million in financing.

At the ceremony, LADT signed several strategic cooperation agreements with well-known Web3 industry partners such as the Bitcoin Cash Foundation and OOKC Group. With the strong support of the Lao government, all parties will jointly promote the issuance of the ASEAN Stablecoin (USDA) and the construction of the Lao National Blockchain.

Ethena’s momentum shows no signs of slowing down.

Currently, Ethereum is experiencing a massive migration of stakes, driven by both technological upgrades and the global financial environment. This isn't just a matter of numbers, but a fundamental shift in its intrinsic value and market narrative.

The blockchain gaming platform GamingFi uses a dual-token system, which includes the MEET48 official token IDOL, which is used for ecosystem governance, community incentives, and platform-level rights and interests, and the platform's universal token GFT (GamingFi Token), which is promised to never be issued.

This partnership will introduce the professional trading technology of top market makers, provide Coincall with comprehensive market depth and cross-market liquidity support, and significantly optimize block trading services.

This article will review the situation in 2019, 2020 and 2024 to predict possible trends in September 2025.

Industry leaders such as Eric Trump, CZ, Arthur Hayes, and the founder of Uniswap shared their perspectives on the current and future of the crypto market at conferences in Tokyo and Hong Kong from August 25th to 29th. This article will summarize some of the key insights from the conferences.

Nasdaq has stepped up its scrutiny of listed companies holding cryptocurrencies, putting pressure on DAT share prices and premium rates. Tighter regulations may exacerbate market differentiation, and marginal currencies are facing survival pressure.

After the MEME market died down, ICM, CCM and PM are becoming the new focus of on-chain funds and narratives.