PANews丨APP全面升级 (@PANewsCN)

A ten-thousand word monster post trying to cover the entire tech tree behind the main lineage of obfuscation (iO) protocols: Special thanks to all who helped!

最近和业内人士交流，一些刚开始解锁或者尚未解锁的天亡级项目一路下跌，FDV市值跌得只有几千万美金了，而项目方的财库（由美元，稳定币，比特币，以太坊等构成）反而大于代币全流通市值，出现了倒挂现象： 项目方财库的来源多为早先豪华融资阵容和高估值，又或者是在拿下Top Cex全家桶上币TGE时，疯狂砸盘老鼠仓空投+做市商期货做空出货套现。 这时大几千万甚至上亿美金的财库反而成了团队核心成员互相博弈撕逼，想办法搞利益输送，中饱私囊，掏空项目的重中之重了…稍微好一点的项目方用剩余资金在AI方向重启炉灶，但新项目的股权也并没有等比例的划拨给原有的投资人..任由代币自由落体 这是经典的代理人问题，对于Crypto VC和核心代币持有者而言，这是非常头痛的问题，一方面苦于没有证据，一方面crypto项目的董事会-管理层治理结构也形同虚设，只能看着项目一天一天萎缩慢性死亡… 看着行业整体的道德滑坡和内部溃烂，主任内心非常沉重，尽管在过去一个周期里，对项目工厂，交易所，KOL和做市商多次大声疾呼不要集体作恶，最终还是不可避免地看着事情一步一步走到今天这个局面… 但时至今日，我们仍能做一些事，联合起来敦促那些不再活跃的项目方/创始团队，要求公布资金用途和去向，并根据投资合同进行起诉和清偿。 Code is law but broken by humanity.

Honestly this decade from 2020-2030 might be the most goated in human history. - Scaling massive reusable rockets for orbital compute with $RKLB to $SPCX. - on the cusp of ASI and recursive learning with Anthropic and OpenAI - Backflipping Boston Dynamics and Unitree humanoids to replace the human workforce - Star Wars laser beams from $EOS.ASX to AI DC lasers like $LITE. - Waymo and $TSLA self driving cars everywhere in urban cities - and we get industry Quantum commercialization end of decade This is kinda crazy to be an investor in this timeframe. Feels like every movie from the Star Wars Death Star to Skynet is coming to life. What’s next?

对话南方东英 CIO 王毅：香港最大 ETF 发行方如何入局 RWA？ SK 海力士在 AI 周期的强势崛起，让南方东英旗下"2倍做多 SK 海力士"ETF 迅速出圈。但在 ETF 之外，这家香港最大 ETF 发行方正在悄悄推进另一件事——把基金放上链。 在本期专访中，南方东英 CIO 王毅详解了香港首支代币化港元货币市场基金背后的逻辑：为什么选以太坊 Ethereum？代币化基金的申购赎回与传统基金有何不同？Web3 钱包与持牌平台如何介入合规分销？香港 RWA 路径又与欧美有何本质差异？ 🎬视频时间线 00:01:00 为何此时推出首支代币化产品？ 00:03:30 为什么首选港元货币市场基金，而不是股票或债券？ 00:08:50 代币化基金如何运作？申购、赎回、收益与传统基金有何不同？ 00:10:45 Web3 钱包、合规分销与持牌交易平台的角色 00:12:00 为什么选择以太坊和 ERC-20？ 00:15:30 代币化基金未来是否可能开放二级市场和零售用户？ 00:18:50 赎回是否能做到 24 小时？传统基金后台限制在哪里？ 00:20:00 香港金融机构为何加速进入 RWA？ 00:28:00 香港 RWA 市场与欧美路径有何不同？ 00:30:50 港元稳定币能否成为 RWA 交易入口？ 00:34:00 代币化产品会如何影响结算周期、流动性与 TradFi/DeFi 连接？ 00:41:30 投资主线切换：AI CAPEX、半导体与全球资金流向 00:58:50 AI 科技股的可持续性怎么看？

A 2-day-old wallet, "coldsway," bet on 3 FIFA World Cup predictions and is down over $3.97M. The biggest loss came from South Africa vs. Canada: Canada won, and he lost $3.14M. This was followed by Colombia vs. Portugal, where he lost $1.97M. He won 1 prediction: Croatia vs. Ghana for $1.06M.

目前是1011以来的第三波下跌，如果按照波动理论和周期规律，比特币这是最后一波大跌。大家最关心的是比特币这次跌到底部价格，主要因素是美股和微策略，不知道美联储对于CPI的担忧，是否引发降息甚至加息预期变动，从来带来美股的持续回调。其次是过往熊市尾部往往出现黑天鹅或者暴雷，这次还没有出现需要紧密观察。按照btc最高12.6万计算，下跌60%就是5万1，下跌66%就是4万3。无论如何7～8月应该是最后时间，也是最好的抄底时间，甚至是未来三年最值得操作的机会。

Many smart people/AI insiders are saying GLM-5.2 is the first Chinese AI model to match and often beat the American big lab public AI models with no compromises. Incredible timing given current events.

🚀I'm excited to share that I will be joining Meta Superintelligence Labs (MSL) as Vice President of AI Research, together with many members of the Virtue AI team. I will help shape Meta's AI safety and AI security efforts, advancing the safety and security of frontier AI models and agentic AI systems that will serve billions of people and organizations around the world. Throughout my career, I have been driven by a simple belief: for AI to realize its full potential, it must be secure, trustworthy, and beneficial. That belief has guided my research for many years and ultimately led us to co-found Virtue AI in 2024. Our goal was to translate advances in trustworthy AI research into practical solutions and build the trust layer for AI systems and agents, enabling organizations to deploy AI with confidence. I am incredibly proud of what the Virtue AI team has accomplished. Together, we built technologies for AI security and agent security, partnered with leading enterprises and frontier AI labs, and contributed research, benchmarks, and open platforms that have helped advance the science and practice of trustworthy AI. Most importantly, we assembled an exceptional team united by a shared mission: making AI more secure, trustworthy, and beneficial. I am deeply grateful to our team, customers, collaborators, advisors, and investors for their trust and support throughout this journey. In particular, I would like to thank Lightspeed Venture Partners, Walden Catalyst Ventures, Prosperity7 Ventures, Factory, Osage University Partners, Lip-Bu Tan, and all of our supporters who helped us turn an ambitious vision into reality. Your trust, guidance, and partnership have been instrumental in shaping Virtue AI's journey. As AI systems become increasingly capable and autonomous, ensuring their security, trustworthiness, and alignment will be one of the defining challenges of our time. I am inspired by Alex, Nat, Prashant, and the broader MSL team’s vision of building AI and AI agents that benefit billions of people, and I look forward to helping make that vision a reality through advances in AI safety and security. The future of AI will not be defined solely by how intelligent our systems become, but by how secure, trustworthy, and beneficial we make them. I believe we have an extraordinary opportunity and responsibility to shape that future together and bring the benefits of AI to billions of people around the world. We're just getting started. If you're passionate about advancing frontier AI while building the foundations of AI safety, security, and trust, I'd love to hear from you. Come join us on this extraordinary journey to help shape the future of AI.

还记得去年爆火的AI交易大赛吗？现在有世界杯预测大赛版本了！！ 🤖5家大模型 ( @deepseek_ai 、 @MiniMax_AI 、 @GeminiApp 、 @Kimi_Moonshot 、 @Zai_org )，在 Polymarket 世界杯胜负线市场模拟自由交易！ 📊目前战绩排第一的是GLM @Zai_org ，盈利超过86%，其他四家浮亏中。KIMI @Kimi_Moonshot 几乎归零，1万U亏得还剩17U，是昨晚佛得角爆冷西班牙的最大受害模型😂 🎁大家觉得那个模型能最终获胜？送出3个行李箱，只需要： ✅引用转发本条推文，留言你认为哪个大模型能获胜即可 围观地址： p.s: 实习生 @PANewsLab 出品，仅供娱乐，不做投资建议~