1. The First True On-Chain US Stock: A Detailed Explanation of the Tokenization of Galaxy's GLXY Shares On September 3, 2025, Galaxy announced the tokenization of its Class A common stock, GLXY—the first-ever tokenization of a publicly listed US equity security on a major public blockchain. Galaxy has allowed existing shareholders of its SEC-registered Class A common stock to transfer their shares from the traditional format to an on-chain version on the Solana blockchain. By creating a "bridge" between traditional and on-chain markets, Galaxy enables shareholders to represent their GLXY shares in tokenized form. When users own these tokenized shares of Galaxy, their tokens represent actual shares in the company. They are not "wrapped shares"; they are true on-chain shares. They confer all the same financial and legal rights as existing publicly traded shares, as they are existing publicly traded shares. This marks the first time in history that a publicly listed U.S. stock has been issued on a major public blockchain. Click to read. 2. Who is Superstate, the dark horse in stock tokenization? On September 3, 2025, crypto financial services company Galaxy Digital (ticker symbol GLXY) announced the tokenization of its stock. Starting today, shareholders can tokenize their GLXY shares through Superstate's Opening Bell platform. Meanwhile, Ondo Finance announced the launch of Ondo Global Markets, listing over 100 tokenized U.S. stocks and ETFs on Ethereum. Prior to this, Robinhood and xStock had both been experimenting with different methods to tokenize stocks. Click to read. 3. Jack Ma also buys cryptocurrency? Ethereum welcomes a "new big brother." Web3 has welcomed another major player. This seems to be the case with the cryptocurrency world's new big brother. Here, we'd like to introduce Yunfeng Capital. Yunfeng Capital, a private equity fund established in 2010, boasts a distinguished background, even among the burgeoning private equity firms. Its management team boasts two key founders: Alibaba's Jack Ma and Juzhong Media founder Yu Feng, hence the name "Yunfeng," a testament to the firm's extensive resources. In addition to these two prominent individuals, key members such as Li Ying, Huang Xin, Zhu Yikai, Huang Xiaobin, and Zhao Junbo have all served as managing directors. Click to read

4. Yang Ge Gary: The trend of asset chain under the stablecoin pricing method

In August 2025, global financial cities began to undergo drastic market changes under the impact of the stablecoin wave. Genius Act and Project The advancement of cryptocurrencies, coupled with the wealth creation examples of Mstr and Circle, has disrupted the traditional financial equilibrium. Stablecoins, coin-to-equity linkages, DATs, RWAs, and on-chain asset management have rapidly become hotly contested areas in this new landscape. Essentially, the implementation of the Stablecoin Act marks the starting point for comprehensive reforms to global financial on-chain integration. Crypto's secondary growth trajectory will follow the application scenarios of stablecoins and the tokenization of various assets. Combining the flexibility of crypto finance with the historical experience of professional finance, it will develop differentiated approaches within diverse regulatory frameworks across different regions. 5. The Symbolic Significance of Zhao Changpeng's Return to China: A Shift in Global Cryptocurrency Regulation Who is the world's richest Chinese person? Currently, it's Nvidia CEO Jensen Huang. Born in Taiwan, China, 62-year-old Huang's net worth has soared to $151.4 billion, ranking him ninth globally, thanks to the AI ​​boom. Who is the richest Chinese person born in mainland China? It is 48-year-old Zhao Changpeng, whose net worth is US$75.3 billion, ranking 22nd in the world, US$1.7 billion more than Zhong Shanshan, who ranks 24th. Click to read