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Zhao Changpeng: This year has not been a good year for the crypto field, but the progress of RWA and stablecoins is unexpected

Zhao Changpeng appeared on the podcast "Meanders" and discussed the pressures, adaptability, and lifelong motivation in the cryptocurrency field. When talking about pressure, Zhao Changpeng stated, "I generally do not set goals; I just do my best. This year the market is not good, so the company's performance may decline, but I have tried my best, I did not slack off, and I did not make any major mistakes. I handle problems in the same way.""No matter how difficult the problem is, I just try my best to deal with it. I also believe in simulation theory; I believe this world is simulated, so it’s like a game. It is simulated, but that does not mean this game is unimportant. However, in this game, I just need to do my best; you try your best to handle it, and after handling it, you can only wait, just lie back and win."Zhao Changpeng mentioned the industry, saying, "As for blockchain itself, I think the improvement in performance is still too slow. But because Bitcoin upgrades slowly, it is particularly stable, which is also an advantage. So there are advantages and disadvantages. Many of the ideas we had in the early days had many implementations, many that were not implemented, and many unexpected things happened."Regarding RWA, he said, "Even a year and a half ago, I would have doubted whether RWA could succeed, but now it is growing very fast. To be honest, I might have had some doubts about stablecoins five years ago, wondering how long they could last; at that time, I did not fully understand them. Stablecoins have their own uses. So these things are all things we did not think of before."

Changxin Technology's revenue in the first half of the year was 150.31 billion yuan, a year-on-year increase of 873.64%

Changxin Technology released its 2026 semi-annual report, with revenue of 150.31 billion yuan in the first half of the year, a year-on-year increase of 873.64%; net profit attributable to shareholders was 77.61 billion yuan, compared to a loss of 2.33 billion yuan in the same period last year; net cash flow from operating activities was 131.16 billion yuan, a year-on-year increase of 2985.64%; gross profit margin was 84.84%, and R&D investment was 6.859 billion yuan, accounting for 4.56% of revenue. As of the end of the reporting period, total assets were 468.078 billion yuan, and net assets were 270.749 billion yuan.The company is the fourth largest DRAM IDM manufacturer globally and the largest in China, with products covering DDR5, LPDDR5/5X, LPDDR6, etc. It has collaborated with leading clients such as Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, OPPO, and vivo, and the fifth-generation process technology platform is undergoing customer certification. As of June 30, the company held a total of 4,484 domestic patents and 3,400 foreign patents, with 7,491 R&D personnel, accounting for 33.42%. The company has no controlling shareholder or actual controller, with the largest shareholder, Qinghui Jidian, holding 21.67%. The company was listed on the Sci-Tech Innovation Board on July 27, with an issue price of 8.66 yuan per share, and its market value exceeded 3.5 trillion yuan on the first day of trading.

Shanghai police in China have arrested a gang engaged in cross-border illegal operations of virtual currency through a self-built platform, involving 200 million yuan

The Public Security Bureau of Hongkou District, Shanghai, China, recently solved a case involving cross-border illegal settlement and illegal foreign exchange trading using virtual currency, arresting 9 criminal suspects and involving an amount of over 200 million yuan. The suspects, including a person named Li, established a technology company at the beginning of 2024 to seek illegal profits, building two platforms online: "Cross-Border Fund Exchange" and "Virtual Credit Card Issuance and Settlement." They solicited customers both online and offline, illegally conducting exchange and settlement services for virtual currency and cross-border funds, profiting through transaction fees, service fees, card issuance fees, withdrawal fees, and other means.Investigators stated, "The uniqueness of this case lies in the fact that the criminals developed two apps and publicly solicited customers on such a large scale, which has never been seen before. The platforms built in this case are themselves a closed-loop illegal financial service system, with all transactions settled internally on the platform. This mode of crime has a higher degree of scale, a longer chain, and is more deceptive." Reports indicate that on the "Cross-Border Fund Exchange" platform, the criminal gang collected customers' virtual currency overseas and exchanged it for foreign currency, forming a "fund pool," and then realized cross-border settlement through fabricated contracts, achieving the exchange and transfer of virtual currency to RMB. On the "Virtual Credit Card Issuance and Settlement" platform, the criminal gang "cooperated" with several overseas private banks to issue virtual credit cards to customers, who could use the card for consumption, but the repayment process had to be settled in virtual currency; the gang exchanged virtual currency for foreign currency overseas, relying on false cross-border settlements to complete clearing with overseas card merchants.
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