The Nasdaq Golden Dragon China Index has seen a short-term surge, with an increase of 0.8%. Popular Chinese concept stocks include XPeng rising 7.5%, Li Auto up 3.1%, Nio up 3.2%, PDD up 2.1%, and Alibaba up 1.7%

PSBC officially "changes leadership"

PSBC announced that Liu Jianjun resigned from his positions as executive director and president due to reaching the statutory retirement age, and Lu Wei has been nominated as the new president, pending approval from the National Financial Regulatory Administration. During this period, Yao Hong will act as the president. Liu Jianjun previously worked at China Merchants Bank and made significant contributions to the development of PSBC's retail business

CNPC Capital says shareholder to transfer stake, unit to buy Yingda Futures

CNPC Capital says shareholder to transfer stake, unit to buy Yingda Futures

The tokenized goods market is approaching $4 billion, with gold hitting a new record high, boosting RWA's visibility.

The tokenized goods market is nearing $4 billion, driven by record highs in gold, silver, and platinum prices. Tether Gold (XAUT) and Paxos Gold (PAXG) dominate the market. Standard Chartered predicts tokenized RWA will reach $2 trillion by 2028. Ethereum handles 65% of tokenized RWA transactions.

Tokenized commodities near $4B, as gold extends all-time rally

Tokenized commodities are nearing $4 billion, driven by record highs in precious metals like gold, silver, and platinum. Tether Gold and Paxos Gold lead the market. Ethereum dominates RWA tokenization with a 65% share, contributing to increased blockchain activity. Standard Chartered predicts tokenized RWAs to reach $2 trillion by 2028. Ethereum ranks fourth in transaction fees, while Tron leads. Tokenization offers faster settlement and fractional ownership of traditional assets.