ChainCatcher news, according to Bitcoin.com, economist and gold advocate Peter Schiff warned that restoring the real economy requires the collapse of the "false economy," which will lead to significant financial losses for many. He also emphasized that the alternatives are worse, as they will lead to currency devaluation. Schiff criticized the policies of the government and the Federal Reserve, especially after the 2008 financial crisis, and warned that today's debt-driven economic bubble is larger than ever before. He pointed out that the government did not learn from the financial crisis, and the Federal Reserve did not acknowledge its role in the crisis, but instead continued to implement measures that led to the crisis.Schiff believes that the current economic situation is more severe, with higher debt levels and larger bubbles. He stated, "Our current debt far exceeds that of 2008, the bubble is larger, and it involves more than just residential housing; we are on the brink of a larger economic crisis, and this time there may be no rescue measures." Regarding the future, Schiff emphasized that the "false economy" must collapse in order to return to a more stable system, and he acknowledged that this process will be painful.

ChainCatcher news, according to Jinshi reports, Shanghai officially launched the pilot program for "blockchain-based bulk commodity supply chain financing" this afternoon. The first four bulk commodity trading companies that settled on the platform, along with the Nonferrous Metals Trading Center and Shanghai Port Cloud Warehouse, signed a strategic cooperation agreement with Bank of Communications.The launch of the pilot program for "blockchain-based bulk commodity supply chain financing" in Shanghai aims to leverage financial technology innovation, utilize the government's guarantee fund, and promote the development of blockchain-based supply chain finance to better serve the real economy.

Chain Catcher News, Shenzhen Chuanglian Data Technology Co., Ltd. (Chuanglian Data) has completed its Series A financing. This round of investment was led by a well-known dollar fund from Hong Kong, with existing shareholder Chuangda Capital continuing to invest. This financing further empowers Chuanglian to realize its original intention and mission, aimed at expanding service scenarios and iterating new technologies on its technical platform.Chuanglian Data is committed to using blockchain technology to assist the upgrading and transformation of China's real economy, providing services such as on-chain consulting, technical implementation, and asset tokenization for client enterprises. Chuanglian's independently developed InnoChain is a blockchain-based smart business service platform that has been successfully applied in areas such as smart travel, chain retail, cross-border e-commerce, and the sharing economy. Previously, at the end of August, Chuanglian Data had just completed its angel round financing, with investors including Chuangda Capital, Dongfang Fuhai, 36Kr, Focus Media, and Libai Group. (Investment Community)