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According to PR Newswire, NFT Limited (stock code MI, formerly known as Takung Art), a company listed on the NYSE American, announced the proposed technical agreement RWAIX in Hong Kong on October 13 and released an open-source reference implementation on GitHub under the MIT license. The company operates an online trading platform for international artworks and collectibles, stating that the agreement is intended to allow buyers, sellers, AI agents, and robots to verify identities, confirm agreements, and ensure that deliveries actually occur, with the existing digital art platform intended to serve as the first real-world scenario.The company claims that internally managed test records show 50 tests passed with no failures, and it plans to launch a limited live pilot within 90 days after completing an independent security review and other conditions, targeting the first quarter of 2027. The reference implementation includes core protocol logic in Node.js, 50 automated test cases with expected outputs, schema and API documentation, as well as a browser demonstration using synthetic data. The company also stated that RWAIX has not yet been integrated into the production environment, and the related timeline may still be adjusted.The existing digital art trading platform is operated by its wholly-owned Hong Kong subsidiary, Metaverse Digital Payment Co., Limited. The pilot aims to first upgrade the consent purchase, delivery, independent verification, payment, and dispute resolution processes for an existing NFT order, using existing banking channels. CEO Yanying Wang stated that the company already has customers, orders, and payments, and plans to verify within the next 90 days whether the agreement can be used for real customer orders.

According to Caixin, poker master and seasoned cryptocurrency investor Hu Zheweng made significant bets during the three waves of cryptocurrency frenzy involving ICOs, algorithmic stablecoins, and AI tokens, but faced consecutive failures. Hu Zheweng claimed to have invested in the blockchain project Stratis, achieving a return of "over 1000 times."According to disclosed information, Hu Zheweng invested approximately 80 million USD in algorithmic stablecoin TerraUSD (UST) and its sister token LUNA from May 2021 to May 2022, with the peak market value of his holdings exceeding 800 million USD, but the price of LUNA subsequently nearly dropped to zero.In addition, Hu Zheweng has filed a lawsuit in Chicago, USA against the globally renowned quantitative trading firm Jump Trading and its related companies and executives in the cryptocurrency business, seeking at least 500 million USD in damages. After experiencing Stox and Terra, Hu Zheweng has not left the cryptocurrency market; last January, he bet on a new project by a Chinese computer professor Zhang Yongfeng. Zhang Yongfeng entered the Computer Science Department of Tsinghua University in 2007 and is currently a tenured associate professor in the Computer Science Department at Rutgers University in the USA. He has been sued by Hu Zheweng on multiple charges including "securities fraud." It is reported that the tokens issued by the organization founded by Zhang Yongfeng, in which Hu Zheweng invested millions of dollars, have fallen over 99.6% from their peak in 2025.

According to Caixin, on-chain perpetual contract platforms represented by Hyperliquid have quietly risen overseas for some time. The platform was founded by a former Wall Street high-frequency trading engineer, without external VC funding, relying on its self-developed dedicated L1 public chain and a full on-chain order book to stand out in the DEX track.The trigger that attracted the attention of the domestic market and regulatory authorities was the launch of popular perpetual contracts involving Chinese assets, combined with offshore derivatives such as oil contracts under the previous Iranian geopolitical conflict. While pricing diverse assets, the platform also challenges global financial regulation. Against the backdrop of the stalled progress of the Clarity Act in the United States, such offshore unlicensed derivative agreements continue to develop.

The Non-Small Number Joint AIX Incubator is hosting the Non-Small Number × GWDC 2026 Innovation Forum. This forum will be held on September 29, 2026, at AT CENTER in Seoul, South Korea, with the theme "From US Stocks to On-Chain: Stock Tokenization × Web3 × AI Leadership Summit."AIX Incubator, as a co-organizer, will bring AI, RWA, global payments, and physical business innovation to the on-site event in Seoul. The project focuses on AI × RWA digital business incubation, covering areas such as Web3, global payments, and physical business innovation. During the conference, AIX Incubator project guest Wu Jusheng will also give a speech, in his capacity as the Director of the Hong Kong Artificial Intelligence Research Institute and the Head of AIX Incubator for the Asia-Pacific region.The GWDC Korea event is expected to attract 5,000 participants, including the Deputy Prime Minister and Minister of Finance of South Korea, Sun Yuchen, founder of TRON, as well as representatives from Microsoft, Bithumb, Animoca Brands, MetaMask, BNB Chain, and other political, business, technology, and Web3 sectors. AIX Incubator has the opportunity to share the path of connecting AI with real business to more industry participants through this high-density communication scenario.

According to Caixin, the UAE investment firm Aqua 1 Foundation has invested $100 million to purchase WLFI tokens issued by World Liberty Financial, a cryptocurrency project of U.S. President Donald Trump's family, surpassing the total investment of $75 million by Sun Yuchen, becoming its largest buyer. The actual controller of Aqua1 was previously a mystery, but recently Zhou Guren, born in Shanghai, China in 1984, has come to light as the largest financier of WLFI tokens, with many questions surrounding the source of the funds.Zhou Guren is still listed as a dishonest person subject to enforcement on China's information disclosure website, with a total debt amounting to tens of millions across six cases. A recent indictment provided by the UK Crown Prosecution Service shows that Zhou Guren is also involved in a money laundering case that occurred in the UK. A Shanghai timber company for which he serves as the legal representative was also involved in a smuggling case in China.

According to Caixin, Yushu Technology has not yet officially gone public, but trading around this popular new stock has already begun in advance. On second-hand trading platforms like Xianyu, there are multiple pieces of information regarding the acquisition and sale of Yushu Technology's new stock subscription rights. Currently, several intermediaries are acquiring this new stock through various channels, with significant discrepancies in pricing. Some intermediaries are offering 520 yuan/share (the issue price is 150.8 yuan/share), while others are quoting 410 yuan/share. Among some investors and intermediary groups, this type of trading is also referred to as "dark trading."At present, this trading remains a very small-scale activity. Many market participants, including brokers and public funds, have stated that they had not heard of any so-called "dark trading" related to new stock subscriptions on the Sci-Tech Innovation Board before. Its sudden emergence may be related to Yushu Technology's extremely low subscription rate and high expectations for listing gains. The recent private acquisitions of new stocks in the A-share market are based on informal verbal agreements and are not legally protected.

AIX Ventures co-founder Shaun Johnson announced the launch of a $100 million artificial intelligence fund, 224 Ventures, which currently manages assets of approximately $100 million. The fund plans to invest between $1 million and $5 million in AI-native teams, with investment directions covering AI applications, robotics, infrastructure, and core intelligence fields.The fund has 244 LPs, most of whom come from the AI industry, including researchers, product and engineering leaders, as well as corporate AI and data executives. Former Meta Chief AI Scientist and Turing Award winner Yann LeCun and former Google DeepMind researcher Oriol Vinyals also announced their joining to co-lead the fund. Yann LeCun currently also serves as the Executive Chairman of AI startup AMI Labs, which focuses on "world model" technology and has completed over $1 billion in seed financing.

Caixin published an article titled "The Collapsed Balance Sheet of the Boxing Champion," which reveals that for the six individual creditor friends of Zou Shiming and his wife, the funds invested in P2P and virtual currencies are the only amounts that still have the possibility of recovery compared to other losses.Real estate has been sold, luxury goods have been discounted, the boxing gym renovation has been written off, and cross-industry projects have been shut down; these are all irreversible sunk costs. However, P2P and virtual currencies are different: if the platform has not completely liquidated, or if the wallet address can still be traced, there is theoretically room for subrogation. For example, the Beijing procuratorial authorities have successfully recovered over 89 million yuan in illicit funds by using penetrating reviews combined with blockchain big data analysis tools to trace the flow of virtual currencies.

According to Caixin, Xiao Rui, the son of former Wuhan Municipal Supervisory Commission member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong Regional Court found Xiao Rui guilty of four counts of "money laundering" and one count of "using a false document," with the judge set to announce the sentence on July 23.In 2014, Xiao Rui was approved to reside in Hong Kong. That same year, he used his HSBC account to purchase two funds from Sun Life Financial for HKD 10 million to meet the investment requirements of the aforementioned immigration plan. Between January 2016 and September 2017, Xiao Rui's Standard Chartered and DBS accounts received multiple remittances, totaling over HKD 54 million.Regarding the "money laundering" charges, Xiao Rui argued in court that the large sums involved were legitimate earnings from his mother's business, given to him for investment in Hong Kong, with some funds also coming from the sale of Bitcoin. Concerning the explanation about Bitcoin, the judge rejected his testimony as Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

A female tycoon in the domestic cryptocurrency circle encountered an investment scam in the United States, resulting in a loss of over $9.4 million (approximately 60 million yuan). Reports indicate that this individual is a certain Lv, the CEO of a computing power technology company in Southwest China, whose mining pool reportedly accounted for about 9% of the global Bitcoin total computing power at its peak.The report pointed out that two brothers, claiming to have a "Middle Eastern royal family" background, carried out the scam by forging identities. One of them claimed to be a "Middle Eastern royal family son-in-law" and asserted that he controlled funds from Middle Eastern families, international business relations, and resources from local governments in the United States; the other mimicked a character from the American drama "Billions," presenting himself as a hedge fund manager. The two also successfully contacted and influenced Michael Smedley, the chief of staff to the mayor of East Cleveland, Ohio, ultimately inducing Lv to sign a cryptocurrency mining field development contract.

Caixin published an article titled "SpaceX's $1.75 Trillion IPO is Coming: Who Can Buy and Is It Worth It?" which pointed out that Wall Street has never encountered an IPO of such a massive scale that is also so intricately linked to the U.S. government.Previously, Nasdaq had approved a new rule for "Fast Entry," allowing newly listed companies to be quickly included in the Nasdaq 100 if their market capitalization ranks in the top 40 of the Nasdaq 100 index within 15 trading days after listing. This rule will officially take effect on May 1, 2026, and is considered to be designed with the upcoming SpaceX listing in mind, while also paving the way for potential listings of OpenAI and Anthropic within 2026 or 2027.Assuming SpaceX lists with a valuation of $1.75 trillion and a free float ratio of 25% to 30%, the free float market capitalization on the first day of the IPO would be approximately between $440 billion and $530 billion. Based on the weight calculations for the Nasdaq 100, SpaceX would directly enter the top ten weighted stocks. Market news indicates that S&P 500 is also evaluating some form of "Fast Entry" plan, with details yet to be disclosed.

According to Caixin, the second batch of Hong Kong compliant stablecoin licenses is currently under application. Reliable sources reveal that Futu Securities and OSL Group are both contenders for the second batch of licenses.However, in November last year, the People's Bank of China and 13 other ministries reiterated their stance on cracking down on virtual currency trading in China and classified stablecoins as virtual currencies, which means that trading stablecoins will not be possible in mainland China.

According to a Caixin article titled "Financial Innovation or Insider Trading: The Rise and Controversy of Polymarket," it points out that when insider information can be openly monetized, the boundaries of prediction markets have become blurred. Is this "gambling" disguised in financial clothing, or even suspected insider trading? However, regardless of the legal debate over whether it is gambling, the fact that Polymarket uses USDC stablecoin for settlement and delivery poses a significant legal risk for participants within China.Previously, U.S. Senators Merkley and Klobuchar proposed the "End Prediction Market Corruption Act," which prohibits the President, Vice President, and members of Congress from trading on prediction markets, and requires the prediction market trading activities of their spouses and dependent children to be included in annual financial disclosures.

According to Caixin, with the official implementation of new regulations on loan assistance and the slowdown in consumer credit demand, multiple consumer loan assistance platforms showed a consistent trend in the fourth quarter of 2025: revenue and loan issuance scale declined year-on-year, and net profit fell sharply.As the loan assistance business enters a contraction phase, various platforms are seeking "overseas expansion" and investing in the "crypto space" as a second growth curve. It is reported that platforms such as Lexin and Yirendai have already laid out overseas businesses, with Southeast Asia and Latin America becoming the main battlegrounds. Weixin Jinke has been continuously investing in the blockchain industry over the past two years.

According to Caixin, after 10 banks including the six major state-owned banks, 12 commercial banks may connect to the central bank's digital renminbi system. It is reported that seven national joint-stock banks, including Shanghai Pudong Development Bank, Guangfa Bank, Huaxia Bank, Minsheng Bank, CITIC Bank, Everbright Bank, and Zhejiang Commercial Bank, as well as five local city commercial banks, including Jiangsu Bank, Beijing Bank, Ningbo Bank, Nanjing Bank, and Suzhou Bank, are expected to join.As of now, there are 10 banks operating the digital renminbi, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Industrial Bank, as well as WeBank and MYbank.

There are rumors that Chinese regulators are reviewing Jane Street's trading behavior in the Chinese ETF market. However, a person close to Jane Street stated, "We are unaware of these rumors and have no reason to believe they are true; these rumors should not be associated with Jane Street."This week, Jane Street and its co-founders, along with two employees, were accused of insider trading, fraud, and market manipulation, actions that have been linked to the accelerated collapse of the 2022 TerraUSD (UST) stablecoin and its sister token Luna, resulting in a loss of $40 billion in value.Founded in 1999, Jane Street is one of the largest proprietary quantitative trading firms in the world, with net trading revenues exceeding $20 billion in 2024 and net profits nearing $13 billion. Unlike hedge funds, Jane Street does not accept external client funds, resulting in significantly lower disclosure obligations compared to traditional asset management firms, a structure that has kept it shrouded in mystery for a long time.