Japan's July Manufacturing PMI Preliminary Value

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The entrepreneurial logic of Web3 under the new pattern of global trade Changes in the macro environment - A new order is taking shape Reconstruction of Financial Order Since Trump's return to power, a series of unexpected economic policies have caused turmoil in global markets. The most shocking has been the escalation of tariff policies: starting from April 2025, the United States will impose a general 10% tariff on imported goods, with higher "reciprocal tariffs" on 60 countries. This has led to a sell-off of U.S. Treasuries, severe fluctuations in U.S. stocks, and a significant drop in the dollar index. The international economic system centered around the United States is facing the risk of collapse after World War II. The rise of emerging economies has weakened the US advantage, massive debt has eroded the credibility of the dollar, and breakthroughs in technology by countries like China have sparked anxiety among the American elite. Against this backdrop, the U.S. decision-makers have begun to construct a new trade finance order to maintain their dominance. Their strategic goals include: striking at major competitors, weakening other countries' use of globalization.

The "Wasp Brother NFT" launched by Hainan Huatie and the non-financial RWA products have sparked controversy due to their potential legal and regulatory risks. The NFT earnings lack legal protection, user rights are ambiguous, and there may be issues of illegal fundraising. Users should participate with caution, and entrepreneurs need to innovate in compliance; the overall legality and transparency are questionable.

A Comprehensive Overview of Public Companies' Encryption Treasury Strategies: From Giants to Emerging Enterprises' Layouts The recent surge in interest in encryption concept stocks has led to an increasing number of global listed companies incorporating crypto assets such as Bitcoin and Ethereum into their treasury. Not only are technology giants with market capitalizations in the hundreds of billions of dollars getting involved, but even some smaller listed companies on the fringes are beginning to make moves. This article outlines the currently active listed companies in crypto holdings, covering various industries including e-commerce, fintech, traditional banking, and mining. It is worth noting that companies primarily engaged in encryption have strong financial configurations, but their stock prices remain highly correlated with fluctuations in the encryption market. Some small and medium-sized companies have experienced a surge in capital market hype due to sudden "coin purchases," leading to their stock prices doubling or even multiplying several times in the short term. Many companies that were previously in growth difficulties are now achieving a "financial turnaround" by implementing digital asset reserve strategies, resulting in a significant reversal in stock price trends. Large holdings of high market capitalization companies Strate