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The ULTRA Web3 Festival in Kuala Lumpur has successfully concluded and will join hands with Web3Labs to showcase at the GWDC 2026 conference in South Korea

The ULTRA Web3 Festival successfully concluded on July 30-31 at The Arch Galeries in Kuala Lumpur. As the core site of the "Global Series Conference Integrating Web3, Traditional Finance, and Artificial Intelligence," this two-day summit brought together international builders, business leaders, and institutional investors to build a bridge between decentralized technology and traditional markets.The success of the Kuala Lumpur event was attributed to the support of a wide range of visionary alliances and industry-leading sponsors, including Pudgy Penguins, Orca, DDNEXUS, Alpha Insight, AI Nova, Decentralized Intelligence, SuperFlow, CloudBank, Morpheus, Razer, ChainUp, DYLI, Saat Dimensi, Oper8 Capital, Lavo Protocol, WageFlow, Echobit Exchange, LifyX Exchange, X18, and Starshine. Additionally, the event further expanded its influence through strategic collaboration with key ecosystem partners such as Access Blockchain Association, CCACC, Emerge Group, Global Impact Fintech, Web3Labs, and ADI Foundation.It is reported that the ULTRA Web3 Festival is set to enter the South Korean market, partnering with Web3Labs as the official global business partner to appear at the second Global Web3 Developers Conference (GWDC 2026 Korea). The conference is scheduled to take place on September 29-30 at the aT Center in Seoul, where both parties will promote cross-border collaboration, technology exchange, and drive international business growth in the Asia-Pacific region.

China and the United States begin to implement the consensus reached in the Kuala Lumpur economic and trade consultations

Recent adjustments to multiple tariff and non-tariff measures have been made by both China and the United States, beginning to implement the consensus reached during the Kuala Lumpur economic and trade consultations. On the 4th local time, the White House issued two presidential executive orders, announcing that starting from November 10, 2025, the 10% so-called fentanyl tariff imposed on Chinese goods will be canceled, and the one-year extension of the 24% reciprocal tariff on Chinese goods will be implemented. On the 5th, two Chinese departments successively released corresponding adjustment measures. Huo Jian Guo, vice president of the China WTO Research Association, stated that currently, both sides are implementing the first aspect of the consensus, which involves the increase of fentanyl tariffs and the reciprocal tariffs imposed on China on March 4 and April 4, with China taking corresponding countermeasures.He indicated that according to the consensus reached by both sides, the future implementation of the results of China-U.S. consultations will involve the U.S. 50% penetration rules and relevant trade restrictions related to the 301 investigations on China's maritime, logistics, and shipbuilding industries, as well as cooperation on fentanyl control and the expansion of agricultural trade between both sides. (Global Times)
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