
RWA Compliance Global Snapshot – The U.K.:
1. 11/10/25 – The Day Threadneedle Street Embraced Stablecoins BoE’s final paper lets systemic GBP stablecoins park ≤ 60 % of reserves in short-dated U.K. gilts, cap retail wallets at £20 k and corporate treasuries at £10 m. Governor Bailey—once the high-priest of “un-backed crypto has no intrinsic value”—signed off with a velvet caveat: “Trust in money is non-negotiable; innovation must queue behind it.” Translation: London will green-light fintech, but keep a choke-collar under the City’s m...

RWA Compliance Global Snapshot – The U.K.:
1. 11/10/25 – The Day Threadneedle Street Embraced Stablecoins BoE’s final paper lets systemic GBP stablecoins park ≤ 60 % of reserves in short-dated U.K. gilts, cap retail wallets at £20 k and corporate treasuries at £10 m. Governor Bailey—once the high-priest of “un-backed crypto has no intrinsic value”—signed off with a velvet caveat: “Trust in money is non-negotiable; innovation must queue behind it.” Translation: London will green-light fintech, but keep a choke-collar under the City’s m...

Exploring ACP: How Does Virtuals' New Protocol Coordinate Agents?
Virtuals' Agent Commerce Protocol (ACP) aims to address core challenges in AI agent collaboration, transaction, and trust, providing a permissionless coordination framework for specialized agent clusters. Core Objectives:Establish open standards through blockchain technology, enabling seamless agent collaboration, negotiation, and value exchange.Avoid limitations of traditional "walled garden" ecosystems.Key Mechanisms:Agent Registry: Allows agents to publicly list skills, pricing, and reputa...

Exploring ACP: How Does Virtuals' New Protocol Coordinate Agents?
Virtuals' Agent Commerce Protocol (ACP) aims to address core challenges in AI agent collaboration, transaction, and trust, providing a permissionless coordination framework for specialized agent clusters. Core Objectives:Establish open standards through blockchain technology, enabling seamless agent collaboration, negotiation, and value exchange.Avoid limitations of traditional "walled garden" ecosystems.Key Mechanisms:Agent Registry: Allows agents to publicly list skills, pricing, and reputa...

Speculation Recedes, Infrastructure Rises: NFT Market Shifts Towards Pragmatism in 2025
Market Recovery and Pivot: NFT trading volume doubled quarter-over-quarter in Q3 2025 to $1.58 billion, with sales volume hitting a record high. However, growth drivers have shifted from speculative collectibles to utility-based scenarios like sports, ticketing, gaming, and intellectual property. Lower Infrastructure Costs: Ethereum's Dencun upgrade pushed Layer 2 fees down over 90%, Solana's compression tech enables low-cost mass issuance, and Bitcoin inscriptions have formed an independent ...

Speculation Recedes, Infrastructure Rises: NFT Market Shifts Towards Pragmatism in 2025
Market Recovery and Pivot: NFT trading volume doubled quarter-over-quarter in Q3 2025 to $1.58 billion, with sales volume hitting a record high. However, growth drivers have shifted from speculative collectibles to utility-based scenarios like sports, ticketing, gaming, and intellectual property. Lower Infrastructure Costs: Ethereum's Dencun upgrade pushed Layer 2 fees down over 90%, Solana's compression tech enables low-cost mass issuance, and Bitcoin inscriptions have formed an independent ...

Sovereignty, Innovation, Balance China’s e-CNY, Stable-Coin Oversight & RWA Playbook
The Big Picture The world is living through a tectonic shift in digital finance. Block-chains are no longer “parallel” systems; they are being bolted directly on to the machinery of traditional money. Out of this fusion have emerged three new asset classes: central-bank digital currencies, private stable-coins and on-chain claims on real-world assets (RWA). Together they are redrawing the map of money itself. China’s response is unique. Instead of choosing “permission-less innovation” or “bla...

Sovereignty, Innovation, Balance China’s e-CNY, Stable-Coin Oversight & RWA Playbook
The Big Picture The world is living through a tectonic shift in digital finance. Block-chains are no longer “parallel” systems; they are being bolted directly on to the machinery of traditional money. Out of this fusion have emerged three new asset classes: central-bank digital currencies, private stable-coins and on-chain claims on real-world assets (RWA). Together they are redrawing the map of money itself. China’s response is unique. Instead of choosing “permission-less innovation” or “bla...

How ADL Became the Market's Final Safety Valve Amid $20 Billion Liquidation
In the cryptocurrency perpetual futures market, Auto-Deleveraging (ADL) serves as the ultimate safety mechanism during extreme volatility and liquidity crises. Its core operational logic is as follows: Market Nature: The perpetual futures market is inherently a zero-sum game. The system consists only of a cash pool, simulating asset price fluctuations through rules, with long and short positions always maintaining balance. Liquidation Mechanism: When sharp price movements deplete one party's ...

How ADL Became the Market's Final Safety Valve Amid $20 Billion Liquidation
In the cryptocurrency perpetual futures market, Auto-Deleveraging (ADL) serves as the ultimate safety mechanism during extreme volatility and liquidity crises. Its core operational logic is as follows: Market Nature: The perpetual futures market is inherently a zero-sum game. The system consists only of a cash pool, simulating asset price fluctuations through rules, with long and short positions always maintaining balance. Liquidation Mechanism: When sharp price movements deplete one party's ...