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ETH $2,337.16 +0.94%
BNB $632.19 -0.73%
XRP $1.42 -1.03%
SOL $85.82 -0.62%
TRX $0.3239 -0.07%
DOGE $0.0977 -0.55%
ADA $0.2497 -0.50%
BCH $452.96 -0.35%
LINK $9.32 -0.77%
HYPE $41.27 -0.02%
AAVE $93.95 -0.59%
SUI $0.9488 +0.19%
XLM $0.1703 -1.80%
ZEC $355.96 -0.66%

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first_img Fan Wenzhong, Executive Director of the China Financial Society: We are at a moment when money shops and bill houses are transitioning to modern banking, and the decentralized intelligent agent economy will reshape the future

ChainCatcher reported live that Fan Wenzhong, Executive Director of the Chinese Financial Society and former Chairman of Beijing Financial Holdings Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that we are currently at a historical turning point similar to the transition from pawnshops to modern banking, where AI is an advanced productive force in the physical world, and Web3 represents a new type of production relationship in the digital world. The integration of the two will give rise to a Decentralized Agent Economy (DAE).He analyzed that AI Agents have execution capabilities but lack independent identity, accounts, and trust mechanisms, while Web3 addresses these pain points through smart contracts, on-chain identities, and programmable currencies; conversely, AI Agents significantly lower the barriers to using Web3. He proposed that DAE has four major characteristics: agent sovereignty and 24/7 operation, high-frequency atomic exchanges, a collaboration mechanism based on technological trust rather than moral or legal frameworks, and the organizational evolution from companies to DAOs and then to Decentralized AI Companies (DACs).He warned that this transformation will impact the labor market, with white-collar workers being replaced before blue-collar workers. AI quantitative funds have already achieved returns far exceeding those of retail investors, and he suggested that the government proactively advance social security reforms. Finally, he recommended that Hong Kong develop a self-controllable high-performance public chain, pilot limited digital persona registrations, attract Web3+AI composite talents, establish a digital finance industry fund, and promote collaborative innovation between the Hong Kong dollar stablecoin and digital renminbi.

Trump informed his aides that he hopes to end the war in Iran as soon as possible

According to The Wall Street Journal, U.S. President Trump recently told his aides that he wants to avoid a protracted war in Iran and hopes to end the conflict in the coming weeks. The problem is that Trump does not have a simple way to end the war, and peace negotiations are still in the early stages. In discussions with external political allies, his attention sometimes shifts to other topics, including the upcoming midterm elections and his decision to send immigration officials to airports and push Congress to pass legislation tightening voter eligibility requirements.A knowledgeable source revealed that Trump had told a colleague that the war was distracting him and preventing him from focusing on other priorities. Another person who recently spoke with Trump indicated that the president seems ready to shift his attention to the next major challenge, but Trump did not disclose what that might be.Some allies hope he will shift his focus to the Cuba issue, while his close advisers want him to concentrate on the issues that voters care about most: the cost of living, which has been exacerbated by the war. White House Press Secretary Levitt stated, "President Trump is very good at multitasking and can handle multiple challenges at once. The president is fully committed to achieving military objectives against Iran. The president's sole goal has always been victory."
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