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Michael Saylor proposed the digital asset spectrum framework: BTC represents digital capital, and STRC represents digital credit

The founder of Strategy, Michael Saylor, proposed the concept of the "Digital Assets Monetary Spectrum," categorizing different types of digital assets based on volatility, potential returns, and trading functions.Saylor stated that the digital asset system can be divided into four levels: Bitcoin (BTC): Digital Capital (Digital Capital) STRC: Digital Credit (Digital Credit) SR-strcUSX: Digital Money (Digital Money) USDT: Digital Currency (Digital Currency).He believes that from left to right, asset volatility and potential returns gradually decrease, while stability and trading utility continuously increase. Saylor stated that Bitcoin is the "ultimate value storage asset," possessing high volatility, high potential returns, and the attributes of a digital asset that does not require third-party credit endorsement; whereas stablecoins are the "ultimate medium of exchange," emphasizing stability and payment functionality. In between the two, digital credit and digital currency serve as a bridge connecting capital and currency. Among them, STRC is defined by Saylor as "digital credit," characterized by relative stability, high fixed returns, and certain value storage attributes.He further stated that digital currency combines digital currency technology with digital capital economic attributes, possessing stability, earning capacity, trading convenience, and value storage functions. Saylor noted that digital capital belongs to bearer assets, while assets such as digital credit, digital currency, and digital cash are created and managed by digital financial companies, with their ownership layer corresponding to "Digital Equity." These components together form the future "Digital Finance Stack."

Macroeconomic policy expectations continue to change, and Gate institutions are continuously upgrading their professional trading infrastructure

In July, the US CPI rose by 0.1% month-on-month and 3.4% year-on-year, while the core CPI increased by 2.5% year-on-year, overall in line with market expectations. As the market continues to assess the Federal Reserve's subsequent policy path, the impact of macro changes on asset allocation and trading strategies is continuously strengthening, further enhancing institutions' focus on liquidity management and trading execution efficiency.Against this backdrop, Gate institutions are continuously improving professional trading infrastructure. According to the transparency report released by the platform in July, Gate CrossEx added one mainstream exchange and 23 trading pairs, launched RPI Orders, reduced the highest fees of multiple exchanges by 50%, and introduced new APIs for market data, funding rates, batch order cancellations, and several WebSocket features; by optimizing concurrent order placement and execution feedback delays, system performance improved by 50%, while the launch of Colo services further reduced trading latency.In addition, SuperLink continues to optimize Fireblocks Gas management and settlement processes, further enhancing institutions' cross-platform asset management and trading collaboration capabilities. In the future, Gate institutions will continue to advance infrastructure upgrades around core capabilities such as trading execution, liquidity, and cross-platform collaboration, providing professional investors with more efficient and stable institutional-level trading services.

hot_img JD.com's revenue in the second quarter was 346.4 billion yuan, a year-on-year decrease of 2.9%, and operating profit turned positive to 4.5 billion yuan

JD Group released its Q2 2026 financial report, with revenue of 346.4 billion yuan (approximately 51.1 billion USD), a year-on-year decrease of 2.9%, mainly affected by the high base from the same period last year; operating profit of 4.5 billion yuan, compared to a loss of 900 million yuan in the same period last year, with an operating profit margin of 1.3%; net profit of 7.1 billion yuan (approximately 1.1 billion USD), a year-on-year increase of 15%; Non-GAAP net profit of 8.9 billion yuan (approximately 1.3 billion USD), a year-on-year increase of 20%. JD Retail's operating profit was 13.5 billion yuan, with a profit margin of 4.6%, setting a new high for the promotional season; JD Logistics revenue was 64.1 billion yuan, a year-on-year increase of 24%, and JD Takeout's losses significantly narrowed year-on-year. R&D expenses increased by 37.7% year-on-year to 7.3 billion yuan, mainly invested in AI technology capabilities and talent. In the first half of the year, approximately 2.5% of common stock was repurchased, amounting to 1 billion USD, with a remaining repurchase quota of 1 billion USD.In terms of business, JD MALL has opened 30 stores nationwide, completing the strategic layout in first-tier cities; a strategic cooperation was reached with Chanel to open an official flagship store; Costco has settled in JD to open the only official e-commerce flagship store in China. The AI intelligent entity JoyInside has collaborated with nearly 200 brands, with the number of connected devices increasing more than three times compared to last year's Double Eleven. JD Logistics' unmanned vehicles have been operating regularly in over 20 provinces. JD Health's AI intelligent entity "Dawei Doctor" served nearly four times more users during the 618 period year-on-year. By the end of the quarter, the total number of employees in the JD ecosystem exceeded 900,000, with total human resources expenditure reaching 171.7 billion yuan in the past 12 months.

A man was sentenced to 7 months in prison for defrauding a friend of $1,757 under the guise of a virtual currency airdrop project

A man in Anshun, Guizhou, used the name of a virtual currency airdrop project as a pretext to lure friends into investing with the bait of guaranteed high returns, ultimately crossing the legal red line. The People's Procuratorate of Pingba District, Anshun City, Guizhou Province, filed a public prosecution, and the court sentenced Zhao to seven months in prison for fraud, along with a fine of 5,000 yuan.Zhao had been paying attention to the field of virtual currency investment for many years and had long been posting investment insights and financial management tips on social media platforms. Zhang was also a virtual currency enthusiast, and the two met on a social platform due to their common interests, gradually becoming friends and frequently discussing investment strategies online. Through long-term communication, Zhao gained Zhang's trust with seemingly professional investment analysis. Subsequently, Zhao proposed a joint investment, to which Zhang agreed. However, after a period of investment, Zhang experienced significant losses and expressed his intention to stop further investments.On August 23, 2025, Zhao claimed that a certain app had launched an airdrop project (to promote a new project, encourage user participation, or reward loyal users, distributing native tokens of the project for free to eligible users), persuading Zhang to invest the remaining funds in his account into this project, promising a return of 100 to 200 U coins (virtual currency) within two days. Zhao also guaranteed that if there were any losses during this period, he would bear the responsibility. To further alleviate Zhang's concerns, Zhao claimed that all investment funds would be transferred to a public chain (the public address of the virtual currency). Believing Zhao, Zhang exchanged 1,757 dollars in his account for Ethereum and completed the transfer according to the wallet link provided by Zhao. In reality, the wallet corresponding to that link was a personal account registered using his girlfriend's identity information, not a public chain. The agreed time for the return of funds had passed, but Zhao had not fulfilled his promise. Zhang urged for repayment multiple times, but Zhao evaded responsibility with excuses such as sending the wrong link and needing time to track it down. On September 7 of the same year, Zhang reported the situation to the police after noticing something was wrong.On April 2 of this year, the Pingba District Procuratorate filed a public prosecution against Zhao for suspected fraud. The procuratorial agency believed that Zhao deceived others out of property by concealing the truth, with a significant amount involved, constituting the crime of fraud. Given that Zhao truthfully confessed to the criminal facts after being apprehended, showed signs of remorse, and had fully compensated the victim for their losses while voluntarily admitting guilt, he could be punished leniently according to the law.

hot_img Lenovo's revenue for the first fiscal quarter reached 26.9 billion USD, a year-on-year increase of 43%, setting a new record, with adjusted net profit of 1.075 billion USD, a year-on-year increase of 176%

Lenovo Group released its Q1 financial report for the fiscal year 2026/27, with revenue of $26.9 billion, a year-on-year increase of 43%, setting a new record for a single quarter; gross margin at 16.5%, up 1.8 percentage points year-on-year; loss attributable to equity holders of $609 million, primarily due to a non-cash fair value loss from the revaluation of $1.7 billion in warrants. Adjusted profit attributable to equity holders was $1.075 billion, a year-on-year increase of 176%, surpassing the $1 billion mark for the first time; adjusted diluted earnings per share were 7.39 cents, a year-on-year increase of 176%.All three business groups achieved record revenue in the first fiscal quarter. The Intelligent Devices Group reported revenue of $17.1 billion, a year-on-year increase of 27%, with a global PC market share of 24.2% and an AI PC market share of 25.1%; smartphone revenue also reached a record high in the first fiscal quarter. The Infrastructure Solutions Group reported revenue of $8.5 billion, a year-on-year increase of 98%, with an operating profit margin rising to 9.1%, and AI server order backlog reaching $54 billion, a quarter-on-quarter increase of 157%. The Solutions and Services Group reported revenue of $2.9 billion, a year-on-year increase of 28%, with an operating profit margin of 24.2%.AI-related revenue grew by 60% year-on-year, accounting for 35% of total revenue. As the official technology partner of the FIFA World Cup, the group deployed AI technology and over 25,000 devices for all 104 matches. Regionally, revenue in the Americas grew by 58% year-on-year, the Central and Eastern European market grew by 53%, and China grew by 25%. The group ranked in the top five in Gartner's global supply chain rankings and rose to 153rd place in the Fortune Global 500 rankings.
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