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lore

The Ministry of Industry and Information Technology of China: Explore innovative businesses such as "computing power banks" and "computing power supermarkets" to support small and medium-sized enterprises in depositing idle computing power resources

According to a report by Jinshi Data, the General Office of the Ministry of Industry and Information Technology has issued a notice on launching a special action to empower the development of small and medium-sized enterprises (SMEs) through inclusive computing power, mentioning the innovative service model of computing power.Improve the SME section of the China Computing Power Platform, the computing resource docking section of the China SME Service Network, and the national computing internet service node section (hereinafter collectively referred to as the SME platform section), to promote the precise matching of SME demand and computing resource supply, and implement flexible payment models such as "card time," "calculated time," and Token billing.Explore innovative businesses such as "computing power banks" and "computing power supermarkets," supporting SMEs to deposit idle computing resources and achieve flexible use through cross-regional and cross-cycle scheduling. Implement an artificial intelligence SME entrepreneurship support plan, encouraging local relevant departments to subsidize "computing power vouchers," "storage vouchers," and "transportation vouchers" to SMEs that meet industrial orientation through the SME platform section, simplifying the acquisition and usage process.

Former Governor of the People's Bank of China: We can explore cryptocurrencies and blockchain technology, the key is to adapt to user experience

Zhou Xiaochuan, former governor of the People's Bank of China, stated yesterday at the Boao Forum for Asia Annual Conference 2026 that a good payment system is not a champion of a single technology or performance. Just like instant payment is not necessarily good, the most important thing is "adaptation." He pointed out that regulation needs to combat money laundering and prevent drug trafficking, cross-border gambling, telecom fraud, etc. Several central bank governors mentioned at the forum that digital currencies are now used in payment systems, but fraud also uses digital currencies, and "it is quite severe." Zhou Xiaochuan believes that the ability to combat fraud still needs to be continuously improved.When discussing the topic of regulatory adaptation, Zhou Xiaochuan mentioned stablecoins again. He said that now, as soon as the proceeds from telecom fraud arrive, they are immediately split into hundreds or thousands of accounts to evade compliance checks, which means it is quite difficult to recover losses afterward. "Stablecoins fundamentally bypass compliance checks; everyone needs to think clearly and not follow the trend." Zhou Xiaochuan also emphasized that cryptocurrencies and blockchain technology can be explored, but it does not mean that "peer-to-peer" and "decentralization" are all positive. One cannot hastily conclude that using correspondent banks and SWIFT messages in the original backend systems is outdated; the key is to adapt to the user's experience.

Across Protocol explores allowing ACX holders to exchange tokens for equity

According to The Block, Across Protocol has initiated a temperature check proposal to explore transforming the existing DAO and token structure into a U.S. C Corporation and equity structure.Under this proposal, the new entity AcrossCo will become the operating company of Across Protocol, and ACX token holders will have the option to exchange their tokens for equity in AcrossCo on a 1:1 basis, or redeem ACX for USDC at the average market price over a month within a six-month window. Larger holders can directly exchange for equity, while smaller holders can participate through a free special purpose entity structure.Hart Lambur, co-founder of Across Protocol, stated that if community feedback is positive, the team will initiate a formal governance vote two weeks after the temperature check concludes, with a simple majority determining the outcome. The team noted that the current DAO structure has limitations in executable contracts and clear legal entities as the demand from institutional partners for protocol infrastructure grows.Across Protocol previously raised a total of $51 million through two rounds of token financing, with the most recent round raising $41 million led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital. The current price of the ACX token is approximately $0.035, having risen about 4% in the past 24 hours and fallen about 84% over the past year.

Multicoin co-founder Kyle Samani announced his departure to explore new directions in the technology sector, while still serving as chairman of the largest SOL treasury company

Co-founder of Multicoin Capital, Kyle Samani, announced on social media that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company).As part of the redemption request planned to be submitted to the Multicoin main fund, he will apply for a physical redemption in the form of FWDI stock and warrants, rather than cash in USD, depending on Multicoin's subsequent decisions, legal and compliance approvals, and the independent consent of Forward. Kyle expressed mixed feelings about saying goodbye, as his time at Multicoin has been one of the most meaningful and rewarding experiences of his life. Nevertheless, he looks forward to taking a break and exploring new directions in the tech field.Kyle Samani is one of the most influential investors in the cryptocurrency space. Since its founding in 2017, Multicoin has become one of the most successful crypto-focused funds, managing billions of dollars. Multicoin is one of the most well-known early institutional investors in Solana, heavily investing in the seed/early stages and steadfastly holding during the extreme situation when Solana plummeted over 90% after the FTX collapse.Kyle is one of the investors in the crypto space who loves to write long articles, and the "three mega theses" proposed by him and the Multicoin team have influenced a generation of practitioners' understanding of the intrinsic value of crypto. Forward Industries will completely pivot to the crypto space in September 2025 through a $1.65 billion PIPE (private investment in public equity), led by crypto giants such as Multicoin Capital, Jump Crypto, and Galaxy Digital, with Kyle Samani personally adding $25 million and serving as chairman.According to the latest report, as of January 15, 2026, the publicly listed Solana treasury company Forward Industries holds a total of 6,979,967.46 SOL, far exceeding other competitors, and has staked almost all SOL since establishing the Solana treasury, earning 133,450 SOL in staking rewards.

Bitget appoints MotoGP champion Jorge Lorenzo as UEX Ecosystem Security Ambassador

On the occasion of Data Privacy Day, Bitget officially announces the appointment of MotoGP champion Jorge Lorenzo as its security ambassador. Both parties take this opportunity to launch a series of security education videos consisting of five modules, systematically explaining how to prevent phishing attacks, implement two-factor authentication, provide risk alerts, and understand core mechanisms such as the Bitget Protection Fund and reserve proof. This series uses Lorenzo's iconic "X-Fuera" racing perspective as a starting point to interpret how, within the UEX ecosystem, a broader vision and information access can enhance the safety and rationality of trading decisions.The related security education content is also linked to Bitget's anti-fraud center. This center will be launched in June 2025, continuously providing users with real-time fraud alerts and security tools. Currently, Bitget has a protection fund exceeding $300 million and insists on publishing monthly Merkle tree reserve proofs to ensure that user assets receive 1:1 full support.Jorge Lorenzo stated that both motorsport and the digital asset field need to achieve a precise balance between speed and security; Bitget CEO Gracy Chen also pointed out that through this collaboration, they hope to further enhance users' proactive awareness of digital asset security and promote continuous progress in the industry regarding transparency and security standards.

Ripple collaborates with the innovation department of Riyadh Bank in Saudi Arabia to explore blockchain payment and custody applications

Ripple announced a partnership with Riyad Bank's innovation department, Jeel, a major financial institution in Saudi Arabia. The two parties will collaborate through a Memorandum of Understanding (MoU) to jointly explore the application scenarios of blockchain technology in the Saudi financial system. The focus of the cooperation includes cross-border payments, digital asset custody, and asset tokenization, with the related exploration aimed at supporting Saudi Arabia's "Vision 2030," modernizing financial infrastructure, and reducing reliance on the oil economy.Reece Merrick, Managing Director of Ripple Middle East and Africa, stated that this partnership reflects the institutional-level interest of large financial institutions in Saudi Arabia in blockchain infrastructure. Riyad Bank is one of the largest banks in Saudi Arabia, with assets exceeding $130 billion by mid-2025, playing a significant role in the national financial system.At the same time, the Middle East is gradually becoming an important market for digital asset innovation, with the UAE leading in regulatory clarity and institutional participation. Ripple continues to strengthen its presence in the Middle East, with its institutional-grade stablecoin Ripple USD (RLUSD) having received relevant regulatory approval and being traded on several mainstream platforms.
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