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CESS and Oracle, as Layer 1 representatives, jointly presented the Bahrain government blockchain proposal

ChainCatcher news, recently, a blockchain strategy proposal submitted by the international organization GBA to the Bahraini government has been officially released. In this document titled "Blockchain BEACON Initiative," Oracle and CESS Network are listed as candidate partners for the infrastructure layer.In the current rapid integration of AI, RWA, and DePIN, CESS has comprehensively laid out its strategy from underlying chains, decentralized storage, content distribution to data sovereignty, proposed the IEEE decentralized storage standard (P3220.02), and passed the GBA official BMM Level 1 certification (Blockchain Maturity Model) ------ BMM is a standardized assessment framework for on-chain infrastructure.CESS's network architecture consists of Layer 1 blockchain public chain, DeOSS object storage layer, CD²N content distribution layer, and privacy and security mechanisms such as PoDR², which have been validated through cooperation with government organizations in the United States, Hong Kong, and the Middle East. This proposal project alongside Oracle not only strengthens CESS's technical capabilities in the infrastructure field but also provides strong support for its subsequent valuation and institutional attention. It again reflects CESS's core positioning as a decentralized data value infrastructure and opens up imaginative space for future collaboration with traditional tech giants to build a national-level digital foundation.Oracle's success proves the logic of "infrastructure equals value," while CESS is reconstructing this path in a decentralized manner. The future will welcome a Web3 era with billions of data flows globally, and CESS is at the forefront of this trend.

Financial Times: Sun Yuchen's blockchain Tron will seek to go public in the United States

ChainCatcher news, according to the Financial Times, after U.S. regulators suspended their investigation, Sun Yuchen's blockchain Tron will seek to go public in the United States.According to two people familiar with the matter, Tron will achieve its listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq. The deal is being handled by Dominari Securities, a boutique investment bank based in New York, linked to Donald Trump Jr. and Eric Trump.One of the sources stated that the newly formed company will purchase and hold Tron tokens (TRX), mimicking the strategy of Strategy (formerly MicroStrategy). The source also revealed that Eric Trump is expected to take a position in the new company, which will be named Tron Inc.In the transaction, Tron is expected to inject up to $210 million in token assets into the new company. This marks the latest example in the surge of crypto trading sparked by Trump's friendly stance towards the crypto asset industry since he took office for his second term as President of the United States.In 2023, the U.S. Securities and Exchange Commission (SEC) charged Sun Yuchen and his three companies (including Tron) with selling unregistered securities and manipulating the market. In February of this year, after Trump expressed a desire for "looser regulations" on the crypto industry, the SEC and Sun Yuchen jointly filed a motion with the court to suspend the lawsuit in search of a possible settlement.
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