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BTC $76,496.82 -1.48%
ETH $2,271.06 -2.04%
BNB $622.79 -0.57%
XRP $1.39 -2.09%
SOL $83.71 -2.14%
TRX $0.3235 -0.04%
DOGE $0.0993 +1.53%
ADA $0.2455 -0.77%
BCH $445.47 -0.47%
LINK $9.22 -1.12%
HYPE $40.28 -5.07%
AAVE $97.26 +1.20%
SUI $0.9234 -0.43%
XLM $0.1642 -2.45%
ZEC $335.89 -5.41%

worldwide

first_img Lily Liu, President of the Solana Foundation: About 180 out of 195 countries worldwide do not have access to capital markets, and blockchain provides a path to ownership

ChainCatcher reports live that Lily Liu, President of the Solana Foundation, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. She pointed out from a macroeconomic perspective that global production, users, and resources are distributed globally, but capital formation is not; only 20 stock exchanges in 14 countries account for 94% of the global market value of approximately $145 trillion, with two-thirds concentrated in the United States. This means that about 180 countries have almost no access to capital markets, and their economies can only rely on debt rather than equity financing, failing to provide ownership pathways for their citizens.She proposed the vision of an "Internet Capital Market," where any asset from anywhere can raise capital from anyone globally, priced in dollars and settled on an open track. Stablecoins are the key infrastructure for this vision, enabling any country to participate in the global financial system, while Solana provides the underlying settlement and execution layers. She also contrasted "Universal Basic Ownership" (UBO) with the widely discussed "Universal Basic Income" (UBI) in the AI era, arguing that blockchain allows anyone with a mobile phone to hold a part of their country's economy, representing basic property rights in the digital age without resorting to placing everyone in a welfare system.

The media briefing on the global judicial pursuit of TUSD reserve assets was held in Hong Kong, Sun Yuchen: We are currently recovering missing funds worldwide

The founder of TRON, Justin Sun, attended the media briefing titled "Truth Revealed, Justice Demonstrated ------ Progress of Global Judicial Pursuit of TUSD Reserve Assets" held at the Peninsula Hotel in Hong Kong, where he disclosed key facts and interim results regarding the illegal occupation and misappropriation of TUSD reserves, attracting significant attention from the fintech and blockchain industries. Justin Sun expressed his heartfelt gratitude to the Dubai International Financial Centre Courts (DIFC Court) and its Digital Economy Court for making a fair and decisive ruling, and stated that efforts are actively underway globally to trace the whereabouts of the missing funds, with the goal of fully recovering them and demanding that any wrongdoers return the corresponding reserve assets.According to the latest judicial documents, the DIFC Courts issued an indefinite global asset freeze order against Aria Commodities DMCC on October 17, involving an amount as high as $456 million. The court pointed out that the funds in question "involve significant matters that require trial," including forgery of authorization, breach of trust obligations, illegal transfer of reserves, and cross-border money laundering. All relevant individuals and entities are required to fully disclose the flow of funds, or they will face severe legal consequences.
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