1. Buy ETH, Invest in Public Chains, Ant Digits, and Stablecoins: Understanding Jack Ma's Web3 Strategy On September 1, 2025, Yunfeng Financial Group announced a strategic partnership with Ant Digits and a strategic investment in the Pharos public chain. On September 2, Yunfeng Financial announced that its board of directors had approved the purchase of ETH on the open market as a reserve asset. As of the date of this announcement, the group had purchased a total of 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of US$44 million. Click to read

2. Joint statement of the U.S. SEC and CFTC: Registered exchanges are not prohibited from trading certain spot crypto assets

The U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets and the Commodity Futures Trading Commission (CFTC) Division of Market Oversight and Division of Clearing and Risk announced a cross-agency initiative to further advance the SEC’s Project Crypto and the CFTC’s Crypto Sprint to coordinate efforts to enable trading processes for certain spot crypto asset products. 3. Future Challenges for Bitcoin: Growing Demand for BTC vs. Insufficient Network Activity Demand for Bitcoin Exposure: Continued inflows into spot Bitcoin ETFs and the performance of digital asset treasury tools such as "Strategy" demonstrate investor demand for Bitcoin (BTC) exposure. While this may lead to a concentration of holdings in a small number of institutions, such products broaden investment channels for traditional investors. Click to Read

4. A Brief Discussion on RWA and Defi Systems: The Finance 3.0 Revolution

Since the global financial crisis in 2008, which was created by Wall Street, criticism and controversy surrounding the traditional financial system have never ceased. It is well known that the real financial system centered on the traditional banking system has intractable flaws. Whether from the perspectives of composability, capital allocation efficiency, entry barriers, and transparency, traditional finance cannot meet the demands of today. While the internet and blockchain industries are advancing by leaps and bounds, the financial industry is like an old train stuck in the steam engine era, not only outdated but also stagnant. Click to read. 5. Can Bitcoin break its four-year cycle? I've always believed that the way investors view an ecosystem will determine how that ecosystem will reward them. Viewing an ecosystem as a game or a gimmick is essentially like a gambler viewing a casino. The reward casinos give to the vast majority of gamblers is to drive them out of their homes and leave them penniless, leaving them with only a dreamlike illusion and a negative and escapist lifestyle. Click to read