culture

The "Global RWA Digital Agriculture Ecological Summit" co-hosted by RWA Global Incubation Alliance and City Arrow Tower was successfully held today in Hong Kong. This summit focused on in-depth discussions on the application of RWA in the agricultural sector, as well as how agricultural infrastructure can achieve assetization and connect with global capital through digitization and financial structures.The conference emphasized the construction of agricultural RWA models, IoT data-driven asset confirmation, and pathways for SPVs and capital markets. Guests shared cutting-edge insights and practical experiences from multiple dimensions of industry, technology, and finance, further promoting the integrated development of physical agriculture and the Web3 financial system.This event received strong support from strategic partners such as GreenX, GreenPro Capital Corp, the Malaysia ESG Association, and the XGT Foundation, collectively facilitating the exchange and cooperation of the global RWA digital agriculture ecosystem.

According to GlobeNewswire, Nasdaq-listed company GD Culture announced that its board has authorized the approval to sell, exchange, or dispose of its current holding of 7,500 bitcoins, aiming to fund the previously announced share repurchase plan.It is reported that the sale of these bitcoins will be conducted in multiple phases, executed flexibly by the management in the best interest of the company and its shareholders. The proceeds from the sale of bitcoins will be used to repurchase the company's common stock and cover related expenses, including brokerage commissions, fees, and taxes.

CZ shared his early career experiences with Chamath Palihapitiya on the All-In podcast, including his work at Blockchain.info (now Blockchain.com) and OKCoin, as well as his deep understanding and value choices in the early Bitcoin industry.Joining Blockchain.info: CZ mentioned that the team had only three members at the time, and he served as the Vice President of Technology. The team later expanded to 18 members, but a restructuring by the CFO led to changes in corporate culture, causing several developers, including CZ, to leave voluntarily. He emphasized that he learned about remote work, the concept of paying salaries in Bitcoin, and how to achieve rapid user growth to around 2 million through "guerrilla" marketing (such as a 150-page post on BitcoinTalk.org).Joining OKCoin: After leaving Blockchain.info, He Yi contacted CZ to invite him to join OKCoin, initially offering a 5% equity stake, but BTC China offered 10%, prompting OKCoin to match the offer within three hours. CZ ultimately chose to join OKCoin in Beijing as CTO, taking on greater business responsibilities.Reasons for leaving OKCoin: CZ revealed that the main reason was a mismatch in culture and values. For example, "It mainly comes down to a mismatch in culture and values; there are some practices I cannot agree with. A simple example is: when they hold events or promote fee discounts, the advertisements make it sound like everyone can enjoy it, but in reality, you have to actively apply to receive it, and it doesn't take effect automatically. Details like this made me uncomfortable." CZ decided to leave in early 2015.

At the Gate Annual Gala, Gate founder and CEO Dr. Han stated that in the rapidly changing Web3 industry, long-termism and a positive culture are the key foundations for the sustainable development of the platform.According to on-site sources, Dr. Han pointed out that as an international platform with nearly 3,000 employees worldwide, Gate encourages a responsibility and results-oriented work approach, opposes formalism and inefficient internal friction, and advocates for teams to maintain clear judgment and execution in complex environments. He emphasized that true professionalism is not about "completing tasks," but about being accountable for results, thinking proactively, and reducing systemic risks.On the team collaboration front, Dr. Han stressed the importance of a global perspective, believing that organizational efficiency comes from trust, collaboration, and mutual achievement, rather than from a single point of dominance. He further stated that Gate will continue to adhere to an elite hiring philosophy, allowing contributions and rewards to form a positive cycle under a fair and transparent evaluation mechanism, promoting the joint growth of the team and the platform.

At today's Bybit annual gala, Bybit Co-CEO Helen Liu addressed global employees, elaborating on the company's long-term development philosophy and future vision. Helen stated that whether in advancing the company's growth or caring for employees, Bybit adheres to the principle of "Listen, care, improve."According to on-site sources, Helen particularly mourned a Bybit employee who passed away unexpectedly, expressing that their spirit will always accompany the company and conveying her appreciation for every employee. She emphasized that for a company to progress steadily and sustainably, it must focus not only on user value and industry innovation but also deeply embed employee care into its culture. Only by uniting the team and moving forward together can the company maintain strategic patience, accumulate long-term value, and navigate through cycles toward a brighter future.

After setbacks in negotiations over cryptocurrency market legislation in the Senate Agriculture Committee, a Democratic senator's aide stated that the Democratic side is still willing to return to the negotiating table to push for a bipartisan compromise.The aide revealed that at the beginning of the new year, Democratic members were "caught off guard" during the negotiations, as the Republican side drafted a new version of the bill without sufficient consultation and originally planned to move directly into the markup process in mid-January. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before a vote this week to strive for a bipartisan consensus.The Senate Agriculture Committee was originally scheduled to hold a markup and voting session on cryptocurrency legislation this Tuesday, but it has been postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic lawmakers are actively pushing to restart negotiations to reach a bipartisan-approved text before the hearing.The cryptocurrency market structure bill aims to establish a federal regulatory framework for digital assets, including clarifying the regulatory division between the SEC and CFTC, as well as related disclosure requirements. Analysts point out that, given that both the Senate Banking Committee and the Agriculture Committee need to advance their respective versions of the bill, bipartisan cooperation remains a key prerequisite for the smooth progress of the legislation.

According to reports, after negotiations on cryptocurrency market legislation hit a snag in the Senate Agriculture Committee, a Democratic senator's aide stated that the Democratic side is still willing to return to the negotiating table to push for a bipartisan compromise.The aide revealed that at the beginning of the new year, Democratic members were "caught off guard" during the negotiations, as the Republican side drafted a new version of the bill without sufficient consultation and originally planned to move directly into the review process this week. In response, the Democratic side hopes to re-engage with the committee chair, Republican Senator John Boozman's team, before the vote this week to seek a bipartisan consensus.The Senate Agriculture Committee was originally scheduled to hold a markup and voting session on cryptocurrency legislation this Tuesday, but it has been postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic lawmakers are actively pushing to restart negotiations to reach a bipartisan-approved text before the hearing.The cryptocurrency market structure bill aims to establish a federal-level regulatory framework for digital assets, including clarifying the regulatory division of responsibilities between the SEC and CFTC, as well as related disclosure requirements. Analysts point out that, given that both the Senate Banking Committee and the Agriculture Committee need to advance their respective versions of the bill, bipartisan cooperation remains a key prerequisite for the smooth progress of the legislation.

According to crypto journalist Eleanor Terrett's post on the X platform, the U.S. Senate Agriculture Committee plans to reconsider the crypto market structure bill this Thursday at 10:30 AM local time.

The chairman of the U.S. Senate Agriculture Committee, John Boozman, officially unveiled the committee's version of the cryptocurrency market structure legislation on Thursday. Although the bill has made some progress on decentralized finance (DeFi) related issues, Boozman pointed out that there are still differences between the two parties on "fundamental policy issues," and formal legislation is still some distance away.Sources indicate that the Democratic opposition to the bill stems more from political differences, including concerns about potential conflicts of interest involving Trump and his family's involvement in cryptocurrency projects, as well as worries about insufficient consumer protection. According to legislative procedures, the bill requires bipartisan support to pass in the Senate, needing at least 60 votes, which means that in addition to full support from Republican senators, it must also secure at least 7 Democratic senators.Both the Senate Agriculture Committee and the Banking Committee need to hold markups and votes on their respective versions, with the Agriculture Committee's markup expected to take place next week. However, progress in the Senate Banking Committee has stalled. Previously, the markup was postponed due to Coinbase withdrawing its support, with contentious issues including tokenized stocks, the regulatory division of DeFi, the boundaries of SEC and CFTC responsibilities, and stablecoin incentive mechanisms. Bloomberg reported that the Banking Committee may delay the legislative process by several weeks to prioritize housing and affordability issues.

According to the announcement from the Senate Agriculture Committee, Chairman John Boozman has released an updated version of the cryptocurrency market structure legislation, which aims to grant the Commodity Futures Trading Commission (CFTC) new authority to regulate digital commodities.The draft has been revised based on the original bipartisan proposal, incorporating feedback from various parties. Although a final consensus with the Democrats could not be reached, Boozman emphasized that the legislative work will continue and looks forward to the formal review meeting scheduled for next Tuesday at 3 PM Eastern Time.

According to Crypto in America, the U.S. Senate Agriculture Committee is expected to release the latest text of its cryptocurrency market structure bill before the end of the workday, in preparation for the committee's review meeting next Tuesday.The release of this text will reveal key consensus points reached by both parties after two additional weeks of negotiations. The main points of contention in the bill include whether meme coins should be included in the definition of "digital commodities," overall listing standards, the classification of different tokens, the regulatory funding of the Commodity Futures Trading Commission, and ethical clauses. If the Agriculture Committee can reach a strong bipartisan agreement, it may pave the way for similar legislative processes in the Senate Banking Committee.On the other hand, the Banking Committee's review has not yet been rescheduled after being postponed last week. Currently, the pressure is mainly on Coinbase, whose sudden withdrawal of support for the bill led to the suspension of the review. Now, consensus must be reached with the banking sector on stablecoin revenue provisions to bring all parties back to the negotiating table.The Executive Director of the White House Crypto Council hinted on social media that delaying legislation could invite harsher regulations from a future government that may be less friendly to cryptocurrencies.

The U.S. Senate Agriculture Committee has announced that its previously scheduled hearing on the cryptocurrency market structure bill has been postponed, and the bill text will be released on January 21, followed by a markup hearing. The committee stated that this adjustment aims to ensure transparency in the legislative process and provide members with more time for review.Senate Agriculture Committee Chairman John Boozman stated that the bill will provide clarity and certainty for the cryptocurrency market while protecting consumers and supporting American innovation. Meanwhile, the Senate Banking Committee will hold a separate markup hearing this week on its version of the cryptocurrency market structure bill. The current version from the Agriculture Committee has not yet been released in formal text, with related contentious points including ethical provisions and the composition of regulatory agency members.

According to crypto journalist Eleanor Terrett, U.S. Senate Agriculture Committee Chairman John Boozman stated that the committee will postpone the revision phase of its cryptocurrency market structure bill to the last week, instead of holding it as originally planned on Thursday alongside the Senate Banking Committee.Boozman mentioned that more time is needed to maintain bipartisan support.

Reporter Eleanor Terrett stated that the Senate Agriculture Committee has been working for months to ensure that the CLARITY bill draft has bipartisan support. Although there is still uncertainty as it approaches a critical juncture, such efforts are not common within Congress.She also recalled that last summer, the CLARITY bill provisions pushed by the House Agriculture GOP passed with significant bipartisan support, with 47 votes in favor and 6 against.

Camp Network announced a partnership with All Access to tokenize 53 music festival IPs worldwide. The music festival brands involved include It's The Ship, DWP, 808 Festival, S2O Festival, and Sunset by NEON, among others.Camp Network stated that this is the largest music festival IP tokenization practice in history, transforming global entertainment IP into an investable asset class and converting culture into an on-chain economy.

According to crypto journalist Eleanor Terrett, U.S. Senate Agriculture Committee Chairman John Boozman (Republican, Arkansas) stated in an interview with Bloomberg that his committee plans to advance the markup of the digital asset market structure bill in early December.Boozman noted that progress has been slightly delayed due to the government shutdown, but "the committee remains committed to completing the advancement in early December."

According to The Block, the U.S. Senate Agriculture Committee has released a draft legislation for regulating the cryptocurrency industry, granting new powers to the CFTC.Previously, the House had passed the Digital Asset Market Transparency Act in July, and the Senate subsequently began drafting its own related legislation. The draft proposed by the Republican-led Senate Banking Committee aims to delineate the jurisdiction between the SEC and the CFTC, introducing the new concept of "ancillary assets" to clarify which cryptocurrencies do not fall under the category of securities. Given that the Senate Agriculture Committee has jurisdiction over the CFTC, the draft it proposed is particularly crucial. This 155-page draft defines digital commodities and establishes a regulatory framework for the CFTC.Draft author Cory Booker stated that more work needs to be done, particularly concerning concerns about CFTC's insufficient resources and potential regulatory arbitrage due to bipartisan committee issues, as well as issues related to public corruption and the adequacy of regulatory measures. The Agriculture Committee's draft provides new funding sources for the CFTC, indicating that the CFTC should charge unspecified cryptocurrency entities. The parentheses in the draft reflect "unresolved issues" that still need to be negotiated by both sides. Additionally, Democrats face obstacles related to conflicts of interest in Trump's cryptocurrency business, and the Agriculture Committee's draft already includes provisions regarding conflicts of interest.

According to crypto journalist Eleanor Terrett, House Agriculture Committee Chairman Glenn "GT" Thompson met with CFTC Acting Chair Caroline D. Pham on Thursday to discuss how the agency is preparing to expand cryptocurrency regulation and formulate new rules next year, with the market structure bill expected to pass.Caroline D. Pham met with Senate Agriculture Committee Chairman Senator John Boozman last week on similar matters. Previously, it was reported that the U.S. Senate Agriculture Committee is set to release a bipartisan joint draft related to the cryptocurrency market structure bill.