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BTC $75,385.67 -0.92%
ETH $2,325.63 -1.31%
BNB $622.21 -1.79%
XRP $1.43 -0.35%
SOL $85.35 -1.68%
TRX $0.3294 +0.41%
DOGE $0.0946 -1.53%
ADA $0.2476 -1.67%
BCH $439.84 -1.42%
LINK $9.21 -1.86%
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ChainCatcher "From Cryptocurrency to Smart Economy" Roundtable: Crypto is shifting from speculation to practical value, with compliant RWA and AI payments becoming the core engine of the new cycle

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, guests including Sign partner Sarah, HashKey Chain Senior Business Development YuYi, Monad Greater China Ecosystem Head Harvey Chen, OmenX Chief Marketing Officer Gisele, and SVP Chain Market Head Celest engaged in a roundtable discussion on "The Revaluation of Crypto and the New Cycle."Regarding why they remain firmly invested in Crypto amidst the AI boom, Sarah pointed out that the hotter AI gets, the more use cases there are for Crypto assets, and future transactions between AI Agents will rely on digital assets. YuYi believes that the bear market is precisely the time for a thorough cleansing, with compliant RWA (such as Hong Kong's first physical silver token) being implemented, speculative assets being eliminated, and the era of on-chain infrastructure arriving. Harvey Chen stated that high-performance public chains are the foundation for supporting large-scale applications, and Monad is committed to this. Gisele noted that Crypto addresses fairness and value transfer, which complements AI's focus on efficiency. Celest emphasized that AI lacks a native value system and increasingly requires Crypto to provide value authentication and decentralized trust as it develops.On the changing understanding of Crypto's value, the guests unanimously agreed that the industry is shifting from "issuing tokens for the sake of issuing tokens" to pursuing sustainable business models, with a greater focus on capital efficiency, low costs, and 24-hour settlement as practical values. The value of public chains should be assessed based on real business scenarios and user transaction volumes, rather than narratives and financing.Regarding future growth engines and entrepreneurial advice, the guests generally expressed optimism about compliant RWA, AI payments, and sovereign blockchain directions, advising entrepreneurs to focus on real application scenarios, avoid empty concepts, and maintain a long-term construction mindset.

Lotus Technology CFO Dr. Daxue Wang: Cryptographic technology empowers smart mobility, promoting the credible circulation of RWA and carbon assets

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Dr. Daxue Wang, CFO of Lotus Technology Inc., delivered a keynote speech titled "Cryptocurrency Links to the Physical Industry, Smart Mobility on the Chain."Dr. Daxue Wang stated that smart mobility is the pioneering carrier of the smart economy. Lotus, as a luxury electric vehicle brand with a 78-year history, has been listed on NASDAQ and is actively exploring the deep integration of cryptocurrency technology with the physical industry. He proposed three major integration directions:First, safeguarding data value by utilizing the immutable nature of blockchain and privacy computing, allowing users to have absolute control over their personal data, achieving trustworthy data circulation and value flow. Second, releasing asset value by exploring the efficient circulation and fair trading of assets such as vehicle sales, brand value, intelligent driving technology patents, and global sales networks through RWA, while promoting trustworthy traceability of carbon assets in green mobility. Third, co-creating ecological value by recording data on driving, charging, maintenance, etc., through on-chain smart nodes, allowing users to upgrade from "car owners" to "participants in the brand ecosystem" through on-chain rights confirmation.Dr. Daxue Wang pointed out that the current challenges include compliance implementation, technology adaptation, and ecological co-construction, but the opportunities lie in open cooperation, promoting smart mobility as a practical landing scenario for the smart economy. Lotus hopes to work hand in hand with the cryptocurrency ecosystem to realize the vision of "from buying a Lotus car to sharing the growth value of Lotus technology."

Spark's strategic director: The ETH market faces liquidity risks due to a potential 10% to 15% reduction in rsETH loans

The strategic director of Spark, monetsupply.eth, posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that the ETH market is about 16.5% supported by rsETH, and if the loans supported by rsETH experience losses shared between the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving a remaining 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure.ETH suppliers naturally tend to exit as soon as possible to avoid this risk, so the utilization rate is locked at 100%, and the borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Since users cannot withdraw ETH, those who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, cutting off the typical incentive mechanism to maintain market health.Currently, two unhealthy incentives are causing the market utilization rate to be locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which may lead to bad debts if the ETHUSD price falls. 2) Users supplying USDT, in order to exit their holdings, tend to maximize borrowing of other stablecoins, which is currently generating positive returns (temporarily), thus the exit cost is low; if conditions worsen, they can at least recover 75% of the position value.The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rate is having a negative impact and significantly increasing the risk of failure in the yield market.

ChainCatcher "From Cryptocurrency to Smart Economy" Roundtable: AI Agents are shifting from conversational to execution-oriented, with trust and verifiability becoming key bottlenecks for scalability

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, guests including KiteAI's Asia Pacific head Laughing, Sentient's Asia Pacific head Anita, Brevis content director Nic Tang, Mentis product head Jerry, and Predict.fun's Asia Pacific BD head Ah Huang Ricardo engaged in a roundtable discussion on the theme "AI × Crypto --- The Next Generation Digital Economy Foundation."Regarding whether the outbreak of open-source AI Agents (such as "raising lobsters") is a short-term sentiment or a long-term trend, Laughing believes this marks a paradigm shift of AI from "conversational" to "executive," signaling the beginning of a long-term trend. However, Agents lack a physical identity, making it difficult for merchants to trust their trading behavior, and issues of data leakage and uncontrollability remain obstacles that must be overcome for scaling. Jerry pointed out, based on his own usage experience, that current Agents face security risks such as memory confusion, infinite loops consuming tokens, and accidental file deletions. Although newly emerged Agents have improvements, they still have shortcomings. Ah Huang Ricardo stated that behind the short-term sentiment is real user demand, but truly reproducible profitable trading Agents are still very rare, and there is a long way to go.Addressing core bottlenecks such as trust, security, and verifiability, Nic Tang emphasized that the current execution process of Agents is like a black box, where users cannot verify whether their decisions are executed as promised. Zero-knowledge proof technology can mathematically prove the source of the Agent's output and compliance of behavior while not exposing privacy. Anita added that Sentient is committed to building an open and collaborative AI agent network, promoting the deep integration of AI and blockchain in identity, data, and incentive layers, providing foundational support for the next generation digital economy.Regarding the application scenarios that may scale first, the guests generally believe that the programming field is relatively mature, and Agents in prediction markets perform better than humans in specific tracks due to their rationality and lack of emotions. In the short term, they are optimistic about API Marketplace and cross-platform shopping Agents, while in the medium term, they are optimistic about content creation AI (such as AI influencers). Agent-to-Agent interaction and the Agent/Skill Marketplace are seen as important future trends.

Dr. Wang Daxue, CFO of Lotus Technology, confirmed his attendance at the ChainCatcher Hong Kong forum themed "Crypto 2026: From Cryptocurrency to Smart Economy."

Lotus Technology Inc. (Lotus Technology, Nasdaq: LOT.US) Chief Financial Officer Dr. Wang Daxue confirmed his attendance at the forum themed "Crypto 2026: From Cryptocurrency to Smart Economy" held in Hong Kong on April 19, where he will present on the topic "Crypto Links to the Physical Industry, Smart Mobility on the Chain." This event is co-hosted by ChainCatcher and RootData and is one of the important peripheral activities during the Hong Kong Web3 Carnival.Lotus Technology has operational entities in the UK, EU, and China, with a sales network covering major markets worldwide. The company is committed to creating high-end luxury lifestyle vehicles, focusing on world-class R&D in next-generation automotive technologies such as electrification and intelligence.In recent performance communications from Lotus Technology, Dr. Wang Daxue emphasized cost optimization and operational efficiency improvements. As AI, crypto networks, and the physical industry accelerate their integration, his presentation will explore how on-chain technology can more deeply serve real-world applications from the perspective of the smart mobility industry. This forum will focus on the paradigm shift under the deep integration of AI technology and crypto networks, engaging in in-depth discussions around cutting-edge tracks such as AI Agent economy, smart payments, RWA, and crypto infrastructure.Event registration: https://luma.com/18v6vwpf
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