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TRON will ring the closing bell at @Cboe Global Markets' trading floor in Chicago today, September 29, to celebrate the listing of TRXS, an exchange-traded product offering staked exposure to TRX, the native token of the TRON network. The milestone reflects the TRON network's growing adoption across traditional financial markets, with TRXS giving institutions access to TRX through participating brokerages. More details @TheBlockCo 👇

Why Tokenization Could Be the Most Important Economic Innovation of Our Lifetime | Bruce Fenton @BruceFenton is a longtime Bitcoin advocate since 2012, securities professional, and one of the early pioneers of tokenized securities. He is the founder and CEO of Chainstone Labs and founder of Atlantic Financial. Alongside Overstock founder @PatrickByrne, Bruce was involved in some of the earliest efforts to bring securities and financial-market infrastructure onto blockchain rails. In 2018, he tokenized equity in his own company, Chainstone Labs, on the Ravencoin blockchain—years before tokenization became one of Wall Street’s biggest narratives. In this episode, Bruce breaks down naked short selling, the plumbing behind traditional securities markets, and why he believes much of the problem is ultimately a ledger problem. We dive into questions such as: Who actually owns the stocks sitting in your brokerage account? How can shares be lent and rehypothecated? What role do brokers, clearing firms, DTCC, and Cede & Co. play in determining who owns what? And could blockchain replace an opaque system of claims and intermediaries with a transparent ledger showing exactly where an asset is and who owns it? We unpack what “tokenized stocks” actually means—and the important distinction between a token that simply gives you exposure to a stock’s price and a security issued natively onchain, where the token itself represents the actual share and the ownership rights that come with it. Bruce discusses how tokenization could allow smaller businesses to tokenize ownership and have their stock traded globally without needing to be listed on a traditional exchange like the NYSE, as well as what a future without KYC could look like. Finally, we get into Wall Street’s embrace of tokenization, the SEC’s evolving approach to tokenized securities, and one of the biggest questions surrounding the future of this technology: who ultimately controls these new financial rails? Remember to subscribe and hit the bell “🔔” icon to get notifications 0:00 Bruce Fenton & Patrick Byrne: Pioneers of Tokenized Securities 3:36 Naked Short Selling Explained 6:28 Who Actually Owns the Stocks in Your Brokerage Account? 12:00 Tokenization Solves Wall Street’s “Ledger Problem” 15:48 What Are You Actually Buying With Robinhood’s Tokenized Stocks? 16:48 Real Tokenized Stocks: When the Token IS the Share 21:46 Tokenization Could Open U.S. Markets to the Entire World 22:52 Why Companies May No Longer Need the NYSE 26:29 Could Tokenized Markets Exist Without KYC? 29:31 Bruce Tokenized Equity on Ravencoin in 2018 30:53 Will Blockchain Make Clearing Houses & DTCC Obsolete? 33:17 Could Tokenization Have Prevented the GameStop Crisis? 38:19 Wall Street Is Embracing Tokenization — Who Gets the Power? 40:20 The SEC’s New Tokenized Securities “Innovation Exemption” 42:57 Why Robinhood’s Tokenized Stocks Don’t Qualify 47:01 Could Everything Eventually Be Tokenized? 51:02 The Dystopian Side of Tokenization: Surveillance & Asset Seizure

阿里云开源「企业级 Agent 白皮书」 2026 年最新发布，是 2025 年 9 月「AI 原生应用架构白皮书」的升级续作。全书按 架构 → 构建 → 运行 → 治理 → 调优 的全生命周期组织，共 7 篇 30 章，由阿里云数十位一线工程师分工撰写，并纳入吉利、塔斯汀、MiniMax、哔哩哔哩、信永中和等外部企业案例。 它的写作动机很明确：过去一年市场重心已经从 “如何快速搭出一个 Agent” 转移到三个新挑战，工程化（从概率智能到可靠生产力）、规模化（从单点试验到智能基础设施）、组织化（从 Agent 孤岛到进入核心业务流程）。现有的框架文档和教程基本不回答这些问题，这本白皮书填补的正是这个空白。 开源地址 # 各篇核心内容 架构篇（1–2 章） 建立认知框架。给出 Agentic Application 的六个判定特征（以任务结果为中心、运行时决定部分执行路径、能作用于环境、维持跨请求状态、受确定性机制约束、可观测可评估）和成熟度四级模型（L1 辅助生成 → L2 受控自动化 → L3 Agentic Execution → L4 规模运营）。两个重要的解耦判断：用哪种形态取决于任务结构，处于哪级成熟度取决于治理完备程度；单 Agent / Long-Horizon / 多 Agent 是沿时间跨度和协作结构两个正交维度的扩展，不存在“必须升级到多 Agent”的路径。贯穿的原则是“最低充分架构”，为任务选择成本与风险可接受的最低复杂度。 构建篇（3–6 章） 是方法浓度最高的部分，按“范式—任务—信息—行动”还原构建过程： · 任务：Agent Loop 五阶段（Prepare→Model→Act→Observe→Verify）+ 十态任务状态机，要害是“消息历史不应是任务状态的唯一来源”；完成判定的核心原则是“模型只能申请完成，Harness 依据环境证据提交完成”，验证分五级并与风险匹配。 · 信息：Context 是动态“编译”而非静态字符串。本章的独创设计是 Context Manifest，每次调用记录上下文每个片段的来源、作用域、版本、信任级别、选中理由和内容哈希，使“模型看见了什么”变得可解释、可回放、可审计。信息被五分为 Context/State/Memory/Knowledge/Skill，其中 Memory（个人经验）与 Knowledge（组织内容）必须分列，因为治理责任不同，“放进同一个向量库会同时失去两类治理能力”。 · 行动：统一 Action Plane（意图→Schema 校验→身份绑定→策略决策→执行→观测），关键三分：“模型看见工具 ≠ Harness 注册了工具 ≠ 获得执行授权”。协议定位清晰：Function Calling 是模型-Harness 意图接口，MCP 是 Harness-能力提供方连接协议，A2A 面向拥有独立任务循环的远程 Agent，“协议选择由能力是否拥有独立任务循环决定，而非新旧或流行度”。 运行篇（7–12 章） 处理规模化后的工程问题，大量内容达到了分布式系统的专业深度：沙箱后端选型判据（容器/gVisor/MicroVM 按代码可信度与租户边界取舍）；状态外置后 Event Log / Checkpoint / 工作区快照三者不可互相替代，且“Durable Execution ≠ 外部动作恰好执行一次”；AI 网关对 LLM/MCP/Agent 三类流量按不同粒度治理，其中“严格预算需要原子预留而非阈值检查”的数学化分析（余额 100、两笔 80 的并发请求都会通过）是真实的并发工程细节；多 Agent 编排强调“最小充分共享”，共享的是上下文来源而非同一个 Context 窗口。 治理篇（13–16 章） 让自主运行的系统变得可信。可观测性的判据是“请求成功 ≠ 任务成功”；安全章同时把 Agent 当被攻击对象和行为主体来防护（身份是全章最扎实的部分：数字工牌、Token Exchange 权限收敛、On-Behalf-Of 且 Agent 权限 ≤ 用户权限）；资产管理把 Prompt/Skill/MCP/Agent 当作运行时依赖做注册与版本治理。第 16 章 Agent Simulation 是全书原创性最强的一章：Agent 行为之所以不可验证，是缺制度前提（角色无外部标准、失败无自然代价、身份不连续），模拟是当下唯一可做的事，本质是“用可靠 Harness 约束不可靠内核”。它甚至给出诚实的统计学提醒：n 次零违规的 95% 置信上界约为 3/n 而非零。 调优篇（17–24 章） 的组织原则是“归因决定方法”：先排除环境故障、再修 Harness、最后才动模型，“把本应由上下文或工具协议解决的问题当成模型不行，是代价最高的一类误判”。主线是数据飞轮：Trace→Trajectory→黄金数据集（输入/轨迹/结果/判据四要素）→Badcase 闭环→受控自进化（模型生成的改进一律是候选变更，须回流构建、过门禁、可回滚）。模型调优章对 SFT/Agentic RL/蒸馏的适用边界、奖励投机的三套机制分离（训练奖励、独立评测、系统硬约束）论述相当严谨，广引 DeepSeek-R1、Tulu 3、FrugalGPT 等外部工作。 总结篇（第 30 章） 是全书思想密度最高的总结。当企业同时运行多 Agent、多框架、多租户时，同样的工程要求在每个应用里被重复且不一致地实现，这本质上是缺一个共享的系统层。Agentic OS 被给出“窄定义 + 三条否定”：为 Agent 任务提供公共运行对象、能力接入、可强制边界与统一证据的系统层，它不持有任务语义、不是又一个框架、不必然改内核。能力下沉有三条判据（复用性 + 强制性或可验证性），九类管理对象（其中 Budget Lease 预算租约最易被忽略），并提出“自治上限由可撤销范围与可证明范围决定，而非模型能力”。 调研报告 的 1906 份问卷给出一个关键发现：已开发或开发中 Agent 的企业占 46%，但真正上生产的仅 18%；有评估体系的企业任务成功率是无评估者的约两倍，卡点不是模型能力，是 Harness 层的工程配套。这与全书立意互为印证。

KYRIE: "He deserves a lot of the praise he's gotten." COOPER: "Obviously, he's one of the greats." At Mavericks Media Day, Kyrie Irving and Cooper Flagg exchange compliments for one another as they prepare to share the court together for the first time in the upcoming season!

为什么 Bitget 今天遭遇安全事件后，会有超过百位 KOL 自发声援，币安、Bybit、MEXC 等多家交易所高层也公开发推支持？ 1. 创新 Bitget 本身就是一家敢于创新的交易所。2025 年率先提出并落地 UEX（Universal Exchange）全景交易所，随后上线美股代币和美股合约。进入 2026 年，美股和 TradFi 也成了多家头部交易所重点布局的方向。 2. 口碑 2024 年 10 月 7 日， $BGB 价格闪崩。平台币出现这种事故，对任何交易所都是一次考验。Bitget 在 24 小时内公布全额赔付方案，在 72 小时内完成赔付。 2026 年 8 月 9 日， $TUT、龙虾 $LOBSTER 和 $BICO 合约出现异常价格波动，导致部分空头仓位被强制平仓。Bitget 随后启动赔付，据公开报道，赔付规模约为 4000 万美元。 3. 高效 从家印入职第一天开始，他就把“今日事今日毕”当作工作准则。对他来说，明天不是区块链的节奏，今天的问题就要今天处理。 4. 种善因，得善果 2025 年 Bybit 被盗约 14.6 亿美元后，据 Ben Zhou 后来回忆，Bitget 是第一个出手帮助的交易所。Bitget 向 Bybit 转入 4 万枚 ETH，当时价值约 1.05 亿美元，而且没有要求抵押，也没有收取利息。 5. 人格魅力 家印一直把 Bitget 当成自己的事业，CEO Gracy 也是。安全事件发生后，两人第一时间投入处理，持续发推、回复用户，几乎连轴转。Bitget 还承诺每小时更新一次进展，持续安抚用户并更新进展。 站在一个普通人的立场，发生这样的事情肯定非常痛心，这也属于难以预料的突发事件。我觉得，在力所能及的情况下，出于人道主义考虑，只要自己的资金安全，就应当向 Bitget 伸出援手。@Bitgetyaya @Bitget_zh @xiejiayinBitget @GracyBitget

THORChain and Stolen Funds: The Industry Needs Answers After the $1.46B @Bybit_Official hack last year, nearly $1.2B in stolen funds was reportedly traced through @THORChain as the attackers moved assets across chains. Today, following another major security incident at @Bitget , we are once again observing Bitget Exploiter funds being sent into the THORChain for asset swaps and cross-chain transfers. The question is no longer: “Does THORChain know these funds are associated with hackers?” The attacker addresses have already been publicly flagged and are being actively tracked by exchanges, blockchain security/aml firms, and the wider crypto industry. The real question is: When a protocol is aware that funds originate from a publicly identified major hack, yet continues to facilitate large-scale cross-chain swaps, how should the industry view this under the banner of “decentralization”? Decentralization should not become a blanket excuse when dealing with known stolen funds. If, after every major crypto hack, attackers can continue using THORChain as a route to move funds from ETH → BTC, BNB → BTC, and across other chains, the industry needs to seriously ask: What responsibility should THORChain bear when handling known stolen funds? @GracyBitget @xiejiayinBitget @benbybit

[UPDATES] We are currently working with independent third-party experts Mandiant and SlowMist for a full investigation. Our first priority is our users. User balances remain intact, and Bitget's User Protection Fund covers the impact on this platform-wide incident. Bitget Wallet operates as a self-custodial wallet on a completely separate and independent infrastructure from Bitget Exchange and was not affected by this incident. Bitget Wallet users' assets remain onchain under users' control and remain unaffected. The Bitget Exchange platform continues to operate normally. Withdrawals are still temporarily paused while we complete additional security checks, and we will restore them as soon as we are confident that it is safe to do so. We know that during an incident like this, users want answers quickly. We will provide timely updates through Bitget's official channels.

President Xi shared a story about Mr. Sakolsky. Over 20 years ago, an American named Ronald Sakolsky gave financial support to Yin Yuzhen, a Chinese desert control worker, for her tree-planting effort. Their story touches the hearts of many Chinese people and stands as a shining example of the friendly exchanges between the two peoples.