BTC $62,926.52 -1.35%
ETH $1,872.46 -1.19%
BNB $607.34 -0.95%
XRP $1.00 -0.91%
SOL $75.54 -1.08%
TRX $0.3338 -0.87%
DOGE $0.0696 -1.29%
ADA $0.1815 -1.88%
BCH $205.58 -4.50%
LINK $8.76 +0.09%
HYPE $56.39 -1.63%
AAVE $87.10 -2.32%
SUI $0.6778 -1.70%
XLM $0.1587 -1.58%
ZEC $485.24 -2.00%
BTC $62,926.52 -1.35%
ETH $1,872.46 -1.19%
BNB $607.34 -0.95%
XRP $1.00 -0.91%
SOL $75.54 -1.08%
TRX $0.3338 -0.87%
DOGE $0.0696 -1.29%
ADA $0.1815 -1.88%
BCH $205.58 -4.50%
LINK $8.76 +0.09%
HYPE $56.39 -1.63%
AAVE $87.10 -2.32%
SUI $0.6778 -1.70%
XLM $0.1587 -1.58%
ZEC $485.24 -2.00%

work

All
Article
Flash

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."

hot_img Tencent's Q2 revenue reached 204.79 billion yuan, an 11% year-on-year increase, with capital expenditure of 52.78 billion yuan exceeding expectations, and rapid growth in WorkBuddy users

Tencent Holdings released its Q2 2026 financial report, with revenue of 204.79 billion yuan, a year-on-year increase of 11%, slightly exceeding market expectations; Non-IFRS net profit was 68.4 billion yuan, a year-on-year increase of 9%; profit attributable to equity holders of the company was 56.022 billion yuan, a year-on-year increase of 0.7%. Capital expenditure was 52.78 billion yuan, a year-on-year increase of 176%, far exceeding the market expectation of 32.14 billion yuan, mainly used for AI infrastructure investment. The free cash flow for the quarter was negative 13.8 billion yuan; excluding prepayments for AI computing power purchases, free cash flow was 37.6 billion yuan.In terms of business, value-added services revenue was 98.4 billion yuan, a year-on-year increase of 8%, with domestic game revenue at 47.3 billion yuan, a year-on-year increase of 17%, significantly contributed by "Delta Action," "Valorant," and "Lock Kingdom: World"; international market game revenue was 18.6 billion yuan, down 0.8% year-on-year due to exchange rate effects, but up 4% year-on-year when calculated at constant exchange rates. Marketing services revenue was 43.6 billion yuan, a year-on-year increase of 22%, making it the fastest-growing segment; financial technology and enterprise services revenue was 60.3 billion yuan, a year-on-year increase of 9%.Regarding AI products, the report specifically mentioned that WorkBuddy achieved rapid user growth and a healthy user retention rate, with strong user willingness to pay. Its market-leading position is attributed to its strong harness engineering capabilities, a rich selection of models, and an industry-leading skill library. The official version of Hy3 saw a more than 68-fold increase in usage in the week following its launch compared to the previous generation, consistently ranking among the top three globally in terms of OpenRouter token consumption, with plans for a larger parameter scale Hy4 to be released soon. The AI agent Xiaowei within WeChat has initiated a small-scale gray testing. Excluding the contribution from new AI products, Non-IFRS operating profit increased by 19% year-on-year to 86.1 billion yuan. By the end of the quarter, the company's net cash decreased from 146.9 billion yuan at the end of March to 58.2 billion yuan.

CoinDesk: Gate RWA's perpetual trading volume ranks in the top three across the network, with an open interest market share ranking second

According to the latest exchange report released by CoinDesk, the Gate RWA perpetual contract market continues to grow, with the total trading volume in July rising to $460 billion, setting a new historical high. Gate ranks among the top three global centralized trading platforms with a market share of 4.39%, continuously strengthening its market layout in the RWA derivatives trading field.In terms of spot trading, Gate ranks as a top global spot trading platform with a Grade A rating in July, achieving a spot trading volume of $35.8 billion and a market share of 4.93%, placing it fourth globally. In the derivatives sector, Gate's futures trading volume in July reached $276 billion, with a derivatives market share of 9.08%; the open interest market share reached 11.2%, ranking it among the top two retail trading platforms. Meanwhile, in the comprehensive ranking of spot and derivatives trading volume, Gate has consistently remained in the global top four, further reflecting the platform's activity and comprehensive trading capability in the global crypto asset trading market.As of July, Gate's global user count has exceeded 58 million, supporting over 4,900 trading pairs and more than 12,500 stock assets. Additionally, Gate launched the gStocks tokenized securities service in July, supporting 1:1 fully reserved stock assets, 24/7 trading, and unified account management, further expanding the connection between traditional financial assets and the digital asset ecosystem. As of July 27, Gate's overall reserve rate reached 117%, covering nearly 500 types of user assets, with BTC and ETH reserves continuing to grow. With a robust increase in asset reserves, Gate is continuously optimizing its existing product ecosystem, leading the development of global digital assets and innovative applications.
app_icon
ChainCatcher Building the Web3 world with innovations.