Author: Martin
A产业 giant with total assets of nearly 800 billion officially joins the battle for stablecoins, with the founder personally leading the team to meet two top financial officials in Hong Kong within a day.
On August 6, 2025, Guo Guangchang, the founder of Fosun International, personally led the core members and executives of the company's stablecoin team to meet with Hong Kong Chief Executive John Lee and Financial Secretary Paul Chan in one day. As the direct superior organization of the Hong Kong Monetary Authority, the Financial Secretary plays a key role in the approval of stablecoin licenses!
Behind this efficient meeting is a strategic business decision – Fosun has determined to apply for a stablecoin license in Hong Kong and has assembled a complete application team, leading to a new financial game worth hundreds of billions of dollars.
As soon as the news broke, the capital market reacted quickly. In the afternoon of August 12, the Hong Kong stock market was stirred up. Fosun International (0656.HK) saw its stock price soar more than 20%, closing still maintaining.

The Qubic protocol successfully controlled the Monero network and achieved 51% Computing Power, validating its "outsourced computing" and "useful Proof of Work" model. This event demonstrates the importance of economic incentives in Blockchain and proves the resilience of the Qubic network in the face of attacks. In the future, Qubic plans to enhance the security of the Monero protocol through its Miners and promote new developments in the encryption industry.

Written by: AIMan@Golden Finance
Did Qubic successfully perform a 51% attack on Monero?
As early as the end of July, the Monero community was rumored that the QUBIC mining pool was attacking Monero. Now it seems that QUBIC has succeeded.
On August 12, 2025, Slow Fog tweeted that the Monero network (XMR) is suspected of suffering a 51% attack. Monero recently encountered a chain reorganization of 6 blocks deep mined by an unknown pool. However, no mining pool on miningpoolstats has over 50% of the hash rate, so this could be a covert malicious hash power attack or an accidental mining competition.
At the end of July during the QUBIC attack, the market value of Monero was approximately $6 billion. As of now, the market value of XMR is about $4.6 billion, having dropped over 20%. Meanwhile, the market value of QUBIC is only around $2.3 billion. If QUBIC is indeed...

Jessy, Golden Finance
The Nansen Points Season 1 has officially launched on June 17. As a well-established platform in the field of on-chain data analysis, its points system and strong correlation with future airdrops have attracted market attention. In addition, projects such as Layer 1 public chain SKATE, AI-driven social platform SOPHON, and cross-chain infrastructure RELAY PROTOCOL have also recently released airdrop news. Below are detailed analyses and participation guides for each project:
1. Nansen
Project Background
Nansen was founded in 2020, raising a total of $88.2 million, with a valuation of $7.5 billion.

Introduction
Recently, I have been deeply involved in several real-world asset (RWA) tokenization projects and have conducted in-depth research on related businesses in practice. To facilitate readers' understanding, this article will share some of our core observations and thoughts in a question-and-answer (FAQ) format.
Q1: Why has RWA been so popular recently?
The fundamental reason for the popularity of RWA is the official implementation of the "Stablecoin Ordinance" in Hong Kong on August 1, 2025. This marks the full compliance of stablecoins as anchor currencies for transaction settlements. Against the backdrop of the Hong Kong government's strong support for the compliant issuance of virtual assets, a legal and compliant framework for the virtual asset market has already taken shape.
From the perspective of market motivation, many enterprises expect that Hong Kong RWA can open up a brand new compliant financing channel, and some listed companies also hope to boost market confidence and stock prices by laying out in this track. This expectation is similar to some market sentiment during the early ICO boom.

Deng Tong, Golden Finance
On August 11, 2025, ALT5 Sigma Corporation announced a registered direct offering and concurrent private placement totaling $1.5 billion, aimed at launching the treasury strategy for World Liberty Financial (WLFI). This is the third company to announce the launch of the WLFI treasury strategy, following World Liberty Financial and BigStrategy Inc.
What business does ALT5 Sigma Corporation primarily engage in? What are the benefits of the "strong partnership" between ALT5 Sigma Corporation and WLFI? Who else has announced the WLFI treasury reserve plan?
1. What business does ALT5 Sigma Corporation primarily engage in?
A

Mobile Payment Network News: Recently, the Hong Kong Monetary Authority has officially released the "Guidelines for Regulating Licensed Stablecoin Issuers" (referred to as the "Guidelines"). As one of the core supporting documents of the "Stablecoin Ordinance", the Guidelines aim to regulate the operations of stablecoin issuers, prevent financial risks, and ensure the rights of investors and the stability of the financial system.
The Hong Kong Monetary Authority previously announced the draft of the "Guidelines" and sought feedback from the industry, receiving a total of 28 responses. After summarizing the opinions from various parties, the Hong Kong Monetary Authority formed the consultation conclusions for the "Guidelines". Based on the consultation conclusions, we can roughly understand the main concerns of the industry and the responses from the Hong Kong Monetary Authority.
Is the requirement for full reserves applicable only to the local reserve asset pool or to the global overall reserve asset pool?
The Hong Kong Monetary Authority has made it clear that regardless of whether a single jurisdiction issuance arrangement or a multi-jurisdiction issuance arrangement is adopted, licensed institutions must ensure that the designated stablecoin achieves full reserves overall, including those that have been frozen.

Author: Richard Chen Source: Shower Thoughts Translation: Shan Oppa, Golden Finance
The year is 2025, and cryptocurrency is going mainstream. The "GENIUS Act" has been signed into law, and we finally have clear regulations for stablecoins. Traditional institutions are adopting blockchain technology. Crypto has won!
As cryptocurrency crosses over the chasm, the significance for early-stage venture capital is that we are starting to see more crypto-related projects than crypto-native projects. Crypto-native refers to projects built by crypto experts for crypto experts; crypto-related refers to projects that apply crypto technology to larger industries. In my career, this is the first time I have seen such a shift, and I would like to discuss the key differences in focus when building crypto-native projects versus crypto-related projects.
Build a native crypto project
The most successful crypto products to date have almost all been for crypto.

Ethereum's price has seen a significant rise recently, breaking through $4300, attracting institutional investment. This surge is driven by the entry of Spot ETH ETFs, improvements in stablecoin regulation, and corporate investment. Market patterns indicate that Bitcoin typically leads, and with Ethereum's strong performance, alts may become more active. Despite regulatory and macro risks, the current market fundamentals are relatively solid, forecasting that Ethereum will achieve greater gains.

Fosun International applies for a stablecoin license in Hong Kong, with Guo Guangchang personally leading the team to communicate with regulatory officials, demonstrating its importance to the project. Fosun Wealth has already ventured into the Web3 business and plans to launch tokenization products to promote the development of the virtual asset ecosystem.

Author: Gui Ruofei Lucius
> "The story of Polymarket reveals a compliance path driven by capital. In the early stages of platform operation, the project team prioritized scaling up and strengthening the project, placing compliance as a secondary concern to achieve economies of scale and first-mover advantage. Later, the project team leveraged the advantages accumulated in the initial stage to secure financing and actively pursued compliance transformation through acquisitions and other means using capital leverage, thus achieving legalization of the business and further expansion. This is not only a compliance strategy but also a business strategy."
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The traditional polling organizations in the United States never expected that it wouldn't be advanced artificial intelligence replacing them, but rather a Web3 prediction platform. In the 2024 election, various polling organizations' survey data indicate that Harris holds a significant advantage over Trump in terms of support. However, the prediction results from the Polymarket platform are vastly different from those of the polling organizations, with Trump...

The article discusses new trends in the crypto market, emphasizing the combination of OnChain and OffChain, as well as the importance of stablecoins in connecting TradFi and DeFi. It mentions the technological innovations in the Ethereum ecosystem, the competitive landscape of real economic activities in Layer1, and the process of MEME coins transforming from speculative tools to market standards. These changes mark the restructuring of the market and the emergence of new opportunities.

Author: Ana Levine, Source: E1 Ventures, Translated by: Shaw Golden Finance
The sharpest criticism comes from economists at the European Central Bank, who essentially accuse Bitcoin of being nothing more than a Ponzi scheme dressed in a crypto cloak. Their argument is concise and incisive: since Bitcoin does not enhance the productive potential of the economy, its continuous price increase only leads to a pure wealth redistribution effect, where consumption gains come directly at the expense of others' losses. This is merely a superfluous zero-sum game, accompanied by carbon emissions.
This critique is based on early research that indicates the welfare loss generated by Bitcoin's current design is approximately equivalent to 1.4% of consumption, making its efficiency about 500 times lower than that of a moderately inflationary currency system. Even if the Bitcoin protocol achieves optimal design, the resulting welfare loss would still correspond to an annual inflation rate of 45%.
Criticism of productivity is not only