Comparatively, Conflux Network announced that the v3.1.0 network hard fork upgrade will introduce a number of network improvements, including EVM compatibility updates, bug fixes, RPC changes, and security enhancements. CIP-173 is expected to activate on August 26th.
On July 17, Interlace and BlockSec jointly hosted the “Next Decade of Payments: Digital Currency, AI Agents, and the New Global Financial Order” summit. The event brought together industry guests in the fields of AI, Web3, security and payment to discuss the development trends of stablecoin payments, security compliance, AI agents, and global payment infrastructure. BlockSec co-founder Zhou Yajin and Interlace founder and CEO Michael Wu respectively delivered keynote speeches on “Security and Compliance of Crypto Payments” and “Agentic Payment and New Global Financial Infrastructure”, sharing their latest observations on the development trend of digital asset payments. As the stablecoin payment scene continues to expand, the security compliance system and the construction of next-generation payment infrastructure are becoming the key support for the development of the industry. In the future, payment infrastructure will not only assume capital transfer functions, but will also further evolve into a programmable, trustworthy, and verifiable value circulation system to provide underlying support for connecting digital assets with real business. At the event, Interlace also officially released the white paper “The Value Transfer Layer of the AI Economy: From Concept to Implementation”. The white paper was jointly launched with ecosystem partners such as Bitget, BlockSec, Cobo, Conflux, Stable, Xagent, and Hetu to systematically define the architecture, standards, and implementation path of Agentic Payment infrastructure, providing a reference for value flow in the AI economy era.
Comparatively, stablecoin infrastructure platform Interlace announced that it has joined forces with xAgent, Cobo, BlockSec, Stable, Conflux, Bitget Wallet, Hetu and other ecosystem partners to jointly launch the white paper “The Value Transfer Layer of the AI Economy: From Concept to Implementation”. For the first time, the white paper systematically proposed the eight-tier architecture of Agentic Payment infrastructure, covering key aspects such as agent application, payment execution, escrow and governance, trust and compliance, stablecoin settlement, the bottom layer of the public chain, user access and liquidity, and causal verification. All parties believe that the value flow of the AI economy requires cross-sector collaboration, rather than a single agreement or product that can be completed independently. The white paper is expected to be officially released within the next 1-2 months. At that time, in-depth discussions will be conducted on core topics such as AI agent payment rights, compliance risk control, and cross-chain interconnection.
Comparatively, the digital asset clearing center (DACC), a tokenized financial market infrastructure, announced the completion of a $10 million strategic financing, with Conflux, Zhuoxin Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower participating. DACC currently provides financial institutions with an end-to-end “clearing-as-a-service” (Clearing-as-a-Service), and the new funding will support them in building a compliant financial settlement and clearing infrastructure.
Comparatively, GANA announced that it will officially enter the Conflux Bitunion payment solution, further expand its infrastructure capabilities in the global payment network, and accelerate the deep integration of Web3 payments with the actual financial system. The function is expected to be officially launched on April 15. As a next-generation revenue-oriented Web3 payment infrastructure, GANA is committed to transforming payment behavior into value creation, reconstructing the role of users in the payment system through an on-chain contract-driven mechanism, and realizing an innovative model where payment is profit. Through this integration, GANA has supported various mainstream fiat payment and settlement capabilities, including USD and GBP, improving the efficiency of cross-border transactions and the ability to reach global users.
Author: Conflux Original title: It's also Gold+ “Voucher”. Why is Jay Smart exploding, but Tether is making more and more money? In late January, a gold platform called “JiewaRui” exploded in Shuibei, Shenzhen. Tens of thousands of users are queuing up for withdrawals in a small program. Even if the maximum daily withdrawal limit is 500 yuan, or 1 gram of gold, a large number of applications have been rejected. Some people have more than 900,000 principal and hundreds of grams of gold lying on their accounts, but they can't take out a single penny. The platform claims that the assets have not been transferred and is “coordinating a solution,” but the payment plan is to pay the principal amount in one go with a 20% discount, or pay back slowly in 12 installments with a 40% discount. This is a standard private finance collapse scene. However, on the other side of the world, a “gold giant” from the crypto world is quietly expanding. According to Tether CEO Paolo Ardoino, Tether has accumulated nearly 140 tons of gold. Its size has reached the top 30 gold holders in the world, surpassing the official reserves of countries such as Greece and Qatar. On the face of it, Jay Ware and Tether are doing the same thing — using gold to build credit. However, they are headed to two completely opposite ends. 40x leverage is broken The real problem with Jewel Smart is turning gold into a highly leveraged gambling tool. In so-called “pre-pricing transactions,” users only need to pay a deposit of a few tens of yuan to lock in the trading price of 1 gram of gold; when the bet price rises, the full payment is made up at maturity; the bet price falls, and the platform buys it back at the agreed price. This is not a spot trade, but a hidden options market where retail investors are opposed to the platform. The user makes money, and the platform makes up the price difference; if the user loses money, the platform takes away the security deposit. When precious metals prices rose sharply from 2025 to 2026, a large number of retail investors surged, and the platform lacked verifiable hedging and reserves, and the risk was directly piled up on its own books. The higher the price of gold, the harder it is to maintain this system. This is the root cause of the explosion of crowding when the market is at its peak. The opposite leader is also a “gold certificate”. Tether Gold (XAUT), the gold stablecoin issued by Tether, uses a completely different financial structure: each XAUT corresponds to 1 ounce of physical gold supply and a strict 1:1 gold reserve. It is not a leveraged product, not a predetermined price, let alone a gamble. By the end of the fourth quarter of 2025, XAUT had more than half of the total four gold stablecoin markets, holding a total of 520,089.350 ounces of physical gold, with a total market capitalization exceeding US$2.2 billion. Meanwhile, Tether continues to expand its gold allocation in its overall reserve structure. Currently, the total amount of physical gold is close to 140 tons, and it is planned to continue to increase its holdings. This means that instead of using gold to support a highly leveraged trading market, it incorporates gold into its balance sheet and holds it for a long time as part of the stablecoin system. Against the backdrop of high global geopolitical instability and frequent weaponization of the dollar financial system, the meaning of physical gold has changed: it is not only a safe-haven asset, but an anchor for cross-system credit. Tether is using gold to build a “sanctions-resistant” bastion of trust for its US dollar stablecoin USDT and the entire crypto ecosystem. In the same round of gold prices, the price of precious metals rose sharply in early 2026. For Jay Warui, which relies on centralized credit, opaque funding, and opaque reserves, this is a disaster. But with Tether, the opposite is true. Because it holds physical gold — as the price of gold rises, the balance sheet automatically thickens. As the price of gold soared, Tether's gold holdings have appreciated by more than $5 billion, and the value of its gold reserves has exceeded $233 billion. Tether is even planning to buy 1 to 2 tons of gold every week over the next few months, and has hired senior HSBC traders to seize arbitrage opportunities through active trading. It is also a “gold + voucher”. One collapsed in the midst of crowding, and the other grew in the market. When precious metals prices fluctuate drastically, what is really being tested is not “who has higher returns”, but whose structure can withstand shocks better. Jay Warai's Thunderstorm is an anecdote about traditional financial misfortunes. The rise of Tether Gold indicates the future direction of gold investment in the digital age. Today, when global uncertainty is increasing, “digital gold bars” are becoming a “value fortress” with great potential outside of traditional gold and fiat currency systems due to their transparent, verifiable, and censorship-resistant characteristics...
Comparing news, Conflux co-founder Forgiven wrote that the data currently widely circulating in the market that the total asset value represented by the global RWA reached 410 billion US dollars is seriously misleading, and the source behind it is the recent artificial caliber adjustment of the RWA data website RWA.XYZ. Before the RWA.XYZ revision, the total asset size of the RWA industry was about 30 billion US dollars, but after the revision, it suddenly expanded to 410 billion US dollars. The main reason is that the website introduced two new statistical standards: · Represented Asset Value (represented asset value): assets that only issue digital certificates in private chains or closed systems, but have not actually been transferred or distributed on the chain. Currently, the statistical scale is about 410 billion US dollars; · Distributed Asset Value (already (Value of distributed assets): RWA assets that can actually be distributed and held to investors through a public chain, DeFi protocol, or exchange, currently worth approximately $18 billion. Forgiven points out that of the current $410 billion data being hyped, about 91% comes from assets issued on the private chain Canton (Guangdong Chain), and about $14 billion comes from housing equity credit (HELOC) products issued by Figure on its self-developed private chain Provenance. These assets have almost no direct relationship with the crypto market; they are only private chain bookkeeping tokens. Distributed Asset Value ($18 billion) better reflects the real demand structure of the RWA industry. At the same time, he cautioned against being superstitious about Wall Street narratives or authoritative data platforms. He believes that after receiving crypto traffic and dividends, some data platforms are instead complying with capital packaging narratives, misleading market perceptions, and called for caution against recent speculation on the RWA concept of Hong Kong stocks.
According to the official news, USDT0 and CNHT0 stablecoin transactions have been launched on Conflux Network.
Author: Marvellous Compiled by: AidiiaOJP, Foresight News Original title: China's Liquidity Wave and Crypto Market This article re-examines GCR's 2023 forecast by combining the 2025 bull market and future prospects. In early 2023, anonymous investor GCR made a bold prediction: “The next cryptocurrency bull market will be dominated by Asia.” Two years later, market data supported this argument. The surge in Asian liquidity, driven by China's indirect capital flows, nationally linked easing cycles, and a revival of domestic risk appetite, has redefined the cryptocurrency market. This article examines China's changing liquidity situation, its impact on global cryptocurrency flows, and how tokens such as BNB, CFX, and CKB are a weather vane for a new round of Chinese liquidity trading. From liquidity depletion to regional differentiation between 2022 and early 2023, Western markets actively tightened liquidity. The US Federal Reserve's interest rate hike pushed real returns to decades-long highs and removed liquidity from risky assets. Meanwhile, in Asia, and China in particular, it is moving in the opposite direction. The People's Bank of China cut the 1-year medium-term loan facility rate from 2.95% to 2.50% between 2023 and 2024. Local governments have increased infrastructure spending and technology subsidies to offset pressure on the real estate industry. While China maintains capital controls, offshore instruments in Hong Kong and Singapore have seen increasing inflows of capital from mainland-related entities seeking exposure to digital assets. This fragmentation lays the foundation for GCR's argument that when Western liquidity shrinks, marginal buyers shift. The fluidity of data behind the narrative is the key to the cryptocurrency market. To verify the “Chinese-led cycle” narrative, the following indicators are useful: Although Western liquidity remains limited throughout 2024, Asian liquidity is quietly expanding. Hong Kong's pilot approval of spot ETFs and the Shanghai Free Trade Zone's fintech initiatives further demonstrate the region's willingness to tolerate controlled cryptocurrency exposure. The BNB Effect: Why China's Liquidity Flows to Binance Among all Chinese-related tokens, BNB has become a factual index of optimism in East Asian markets. Several structural and behavioral factors explain this: Exchange dominance: Binance remains the main trading venue for retail and institutional players in Asia, particularly after OKX and Huobi faced regulatory restrictions. Onshore to offshore path: Funds from Chinese OTC platforms usually go through a CNY → USDT → BNB conversion before diversifying into altcoins. Reversibility: The appreciation of BNB enhances the value of Binance's treasury, allowing it to make more active repurchases and inject liquidity into the ecosystem's tokens. Empirical data shows that as of the fourth quarter of 2025, BNB's performance so far this year is about 45% higher than ETH, while its volatility is 20% lower than Solana. This stability makes it a liquidity agent, similar to the way Tether represents the health of the dollar market. The sharp rise of Chinese tokens: a repeat of the 2017 market? The recent general rise in CFX (Conflux), CKB (Nervos), and MEW (CAT-in-a-box) is similar to the early stages of the 2017 “China Season.” Each cycle shows the same characteristics: Narrative ignites: rumors about local policy relaxation or “giving the green light” to Web3 pilots. Exchange concentration: Liquidity is concentrated around listed tokens linked to Binance, Gate, and the Hong Kong Stock Exchange. Retail re-entry: OTC platforms report increased demand for USDT trading pairs denominated in RMB. National narrative control: Media signals suggest blockchain innovation is tolerated, but speculation is not. For 2025, the rise began with the People's Bank of China injecting RMB 1.4 trillion in liquidity in the second quarter and reports that Hong Kong regulators may open ETF approval channels for altcoins. Although this is not an official endorsement of policy, these actions have created a sentiment that China is not prohibiting, but rather balancing. Comparative macro perspective: US austerity vs. China's easing is necessary to understand why Asian-led liquidity is important and to compare global policy cycles. Impact on the cryptocurrency market The Chinese liquidity wave has three structural effects: Expanding market breadth: Altcoins associated with the Asian ecosystem show macroeconomic breadth with China...
On October 9 (UTC+8), Fufuture, a decentralized coin-based derivatives protocol, added COPX/BTC and COPX/ETH perpetual contract trading pairs. Fufuture currently supports 26 mainstream networks (such as BNB Chain, Conflux, etc.), is compatible with over 20 wallets (such as TokenPocket, MetaMask, etc.), and has launched more than 100 trading pairs; it relies on tripartite oracles to provide BTC and ETH indices to provide efficient and untrustworthy derivatives trading services for on-chain assets. COPX is a financial commission market aggregation platform. It enhances promotion efficiency through a tokenized rebate restructuring mechanism, transforms transaction costs into user benefits, and aims to connect cryptography with traditional finance.