Scan to download
BTC $65,717.38 -3.36%
ETH $1,878.98 -4.87%
BNB $598.29 -3.74%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $541.91 -6.76%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $65,717.38 -3.36%
ETH $1,878.98 -4.87%
BNB $598.29 -3.74%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $541.91 -6.76%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

fabric

Conflux co-founder questions the authenticity of the data stating "the total value of RWA assets reaches 410 billion USD": RWA.XYZ exaggerates its scale by "fabricating data"

Conflux co-founder Forgiven stated on the X platform that the widely circulated data claiming "the total asset value represented by global RWA is 410 billion USD" is seriously misleading, stemming from a recent artificial adjustment in the metrics by the RWA data website RWA.XYZ.Before the revision of RWA.XYZ, the total asset scale of the RWA industry was approximately 30 billion USD, but after the revision, it suddenly inflated to 410 billion USD. The main reason for this is that the website introduced two new statistical metrics:Reported Asset Value: Assets that issue digital certificates only in private chains or closed systems, but have not undergone actual on-chain transfers or distribution, currently amounting to approximately 410 billion USD;Distributed Asset Value: RWA assets that are actually distributed to investors through public chains, DeFi protocols, or exchanges, currently amounting to approximately 18 billion USD.Forgiven pointed out that about 91% of the currently hyped 410 billion USD data comes from assets issued on the private chain Canton, while about 14 billion USD comes from Figure's home equity line of credit (HELOC) products issued on its self-developed private chain Provenance. These assets have almost no direct relationship with the crypto market and are merely "private chain accounting tokens." The Distributed Asset Value (18 billion USD) better reflects the true demand structure of the RWA industry.He also warned against blindly believing Wall Street narratives or "authoritative data platforms," suggesting that some data platforms, after gaining crypto traffic and benefits, have turned to cooperate with capital to package narratives, misleading market perceptions, and called for vigilance regarding the recent hype around RWA concepts in the Hong Kong stock market.
2025-12-19

Criminals fabricated Google's "Google Coin" blockchain project to illegally profit over 20 million yuan

ChainCatcher news, according to CCTV News, the prosecution has found that in recent years, as the efforts to punish pyramid scheme crimes in accordance with the law have intensified, some criminals have shifted their pyramid schemes from offline to online to evade regulation and crackdown. From January to September 2024, national procuratorial organs prosecuted 4,627 people for organizing and leading pyramid scheme activities. Lawbreakers have exploited the virtuality and convenience of the internet to concoct various "get-rich-quick scams" that are difficult to distinguish between true and false, luring the public to participate.Some have engaged in online pyramid schemes by leveraging new concepts and social hotspots such as virtual currency, blockchain, financial innovation, and charitable mutual assistance. For example, in the case involving Sheng and others, they fabricated a "Google Coin" blockchain project purportedly from Google, publicly promoting and hyping it through online media, and soliciting purchases of "Google Coin" using ETH (Ethereum) as the settlement currency, ultimately developing over 60,000 members and illegally profiting more than 20 million yuan.The procuratorial organs remind the public to stay vigilant, not to believe in "get-rich-quick" schemes, not to be greedy for "small profits," and to consciously resist the temptation of seemingly easily obtainable "high returns," in order to avoid falling into the "trap" of online pyramid schemes.
app_icon
ChainCatcher Building the Web3 world with innovations.