Ant Group's Jiang Guofei: The future development of blockchain will be a convergence of multiple technologies, data integration, and open cooperation for mutual benefit.
Odaily News: Jiang Guofei, Senior Vice President of Ant Group and President of the Digital Technology Business Group, shared the progress of Ant Group in the field of blockchain and some thoughts on the development of China's digital economy at the 2023 World Artificial Intelligence Conference Global Industrial Blockchain Summit.
Jiang Guofei summarized that, firstly, in terms of technological innovation, Ant Group focuses on the research and breakthroughs of cutting-edge technologies such as blockchain, privacy computing, artificial intelligence, and the Internet of Things. AntChain, the blockchain of Ant Group, has ranked first in the world for global blockchain patents for three consecutive years. Secondly, in terms of industrial applications, Ant Group deeply integrates digital technology with industrial scenarios to promote the digitization and upgrading of industries. Thirdly, in terms of ecosystem construction, AntChain collaborates with government, industrial parks, developers, research institutions, service providers, and other stakeholders to jointly promote the development of industrial ecosystems. At the same time, it has partnered with over 300 cooperation partners and serves over 10,000 institutional customers annually.
Jiang Guofei believes that there are three major trends in the future development of blockchain:
Firstly, the integration of multiple technologies. A single technology cannot solve all the specific problems in industries. For example, combining blockchain with the Internet of Things can help ensure the trusted on-chain representation of physical assets and enable data authenticity from the source. Combining blockchain with privacy computing technology can make data usable but invisible during circulation, ensuring privacy and security. Combining blockchain with artificial intelligence enables joint risk control, joint marketing, and joint research and development, unlocking greater value from data.
Secondly, the integration of digitized reality. Technology needs to be combined with industrial scenarios to create real value and ensure sustainable development. "Let me give an example of blockchain application in the cross-border trade field. AntChain has partnered with China COSCO Shipping to establish the Global Shipping Business Network (GSBN), which enables various participants in international shipping to transfer electronic bills of lading through a blockchain network. The "paperless delivery" based on electronic bills has shortened the processing time from several days to a few hours."
Thirdly, open collaboration. The development of the industry requires the participation of various ecosystem forces. Ant Group has always adhered to an open concept and is committed to promoting the common development of the blockchain ecosystem. For example, in terms of technology, it has built a community of over 50,000 blockchain technology developers through integrated development kits, open-source services, low-code platforms, and open consortium chain platforms, enabling more people to use new technologies to develop business applications at a lower cost. (Source: Sci-tech Board Daily)
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, Machi reduced positions twice today, realizing actual losses of $1.01 million and $12,000 respectively. Machi currently still holds a 25x long position on 7,150 ETH, with a position value of approximately $17.86 million, and a liquidation price of $2,472.78, leaving only $26.52 away from the liquidation price. On October 5, Machi was up $5.46 million in profit; now the account balance has only $562,000 remaining, with cumulative losses of $11.27 million over the past 7 days.
Odaily News: While equity investors around the world are still steering clear of the word "rate hike," Bank of America strategist Michael Hartnett has put forward a counterintuitive judgment: if the Federal Reserve chooses to proactively raise rates in October, it would not be a negative, but could instead become the biggest bullish catalyst supporting risk assets and underpinning US stocks.In Hartnett's view, against the current backdrop, if the Fed remains on hold for too long, bond investors will continue to demand higher term premiums, pushing long-end yields further up and ultimately forcing financial conditions to tighten on their own. Conversely, if the Fed proactively raises rates at its October meeting, sending a hawkish signal to curb inflation risks ahead of time, long-end yields could instead stabilize. In that case, the short-term shock from a rate hike may prove less damaging than the greater harm caused by disorderly bond market volatility. (CLS)
Odaily News: Before the U.S. stock market opens, the key market and financial news investors should focus on is as follows:1. The three major U.S. stock index futures showed divergence. Dow Jones Index futures rose 0.95%, S&P 500 Index futures fell 0.03%, and Nasdaq 100 Index futures fell 0.75%.2. International oil prices fell across the board. WTI crude oil futures fell 1.78% to $92.068 per barrel; Brent crude oil futures fell 1.99% to $104.532 per barrel.3. International spot gold and silver fluctuated within a narrow range. Spot gold rose 0.28% to $4,183.29 per ounce; spot silver fell 0.22% to $60.15 per ounce.4. Most of Europe's three major stock indices rose. The UK FTSE 100 Index rose 0.51%, the French CAC40 Index fell 0.08%, and the German DAX30 Index rose 0.10%.5. AMD CEO Su Zifeng expressed strong confidence in the outlook for the CPU market and designated 2026 as the "year of inference." She expects that, driven by agentic AI workloads, the CPU market size will achieve explosive growth in the coming years.6. Applied Materials (AMAT), the largest U.S. semiconductor equipment manufacturer, expects its revenue to double in the coming years. The company is also using AI tools to drive innovation and product R&D, exploring ways to improve semiconductor yield rates.7. Marvell Technology announced the launch of its second-generation Structera X 3406 and 3506 CXL memory expanders, aimed at AI inference applications. The new products are the industry's first six-channel CXL 3.2 memory expanders, with a single controller supporting up to 9TB DDR4 or 6TB DDR5 memory.8. Nvidia and Cisco jointly launched a new ultra-dense small pluggable module (USFP). USFP is the first module to support 400Gb/s electrical signals per channel, with a single module capacity of up to 12.8Tb/s, suitable for next-generation AI factories.9. Samsung Electronics jointly demonstrated a memory expansion solution based on Compute Express Link (CXL) with AMD at the 2026 OCP Global Summit. Samsung also exhibited customized HBM and the new HBM5, as well as compute-in-memory technology.10. Streaming giant Netflix obtained exclusive broadcasting rights for the 2030 FIFA World Cup in Spain and Andorra. Boosted by this, Netflix rose more than 1% in pre-market trading.11. Federal Reserve Governor Waller said that rising U.S. Treasury yields are having a tightening effect on policy and helping to curb demand in some areas of the economy. He also said that hyperscale companies still plan to invest trillions of dollars over the next three years.12. A Bank of America survey showed that investors' allocation to tech stocks has reached its highest level since 2020, and global semiconductor stocks have become the market's "most crowded" trade.
Odaily reports: Hardware wallet manufacturer Ledger posted on X platform stating that it has coordinated with German electronics retailer MediaMarktSaturn Retail Group to suspend sales of Ledger devices in its stores and online channels starting October 13, in order to investigate a device tampering incident previously reported by a German user.Ledger stated that no user fund losses have been found resulting from this incident, and there is no evidence that Ledger's infrastructure, systems, or services have been compromised. The company's customer service team is reviewing user feedback, and its cybersecurity team Donjon will conduct further inspection of suspicious devices received.Ledger also stated that some related claims and loss data circulating online have not been verified, and users should only obtain follow-up information through official Ledger and MediaMarkt Saturn channels. Previously, the market had reported that some Ledger devices were suspected of supply chain tampering, which raised concerns about hardware wallet security.
Odaily reports: Nasdaq-listed company Cipher Digital plans to raise funds for its Barber Lake project and high-performance computing (HPC) data center business expansion through the issuance of $850 million in zero-coupon convertible bonds.Cipher Digital stated that the private placement could be expanded to up to $1 billion, with an additional $150 million in bonds to be issued if the initial purchasers exercise their option to purchase additional notes. Meanwhile, the company plans to convert some of its 1.75% convertible bonds due in 2030 into common stock.The company had previously adjusted the planning for its Barber Lake data center project in Colorado City, Texas, signing agreements with Fluidstack and an undisclosed AI lab to extend the project contract term from 10 years to 20 years, with expected contract revenue increasing from $3.8 billion to over $9 billion. (Theenergymag)
According to Onchain Lens monitoring, a BlackRock ETF-linked wallet transferred $203 million worth of Bitcoin and Ethereum to Coinbase Prime in the past hour, including 860.393 BTC valued at $71.54 million and 52,488 ETH valued at $131 million.
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