News

ChainCatcher News, at 9:00 am Eastern Time on the 24th, AlloyX Group (Nasdaq: AXG), a leading fintech institution connecting traditional finance and digital assets, held a grand opening bell ceremony at the Nasdaq MarketSite in Times Square, New York. This ceremony celebrates the official launch of the new trading symbol "AXG", marking the strategic upgrade of AlloyX in the fields of stablecoin infrastructure and real-world asset tokenization (RWA), and opening a new chapter in the institutionalization of global digital finance. The event gathered investors, strategic partners, and the core management team from around the world to witness this historic moment together. Dr. Zhu Haokang, Co-founder and CEO of AlloyX Group, stated in his speech: "'AXG' is not just a new trading symbol, but also a symbol of our long-term vision to build institutionalized, auditable, and institution-grade financial infrastructure. AlloyX will continue to use compliance and innovation as dual engines to build a trusted bridge connecting traditional finance and the Web3 world." The launch of the new symbol "AXG" signifies the company's comprehensive transformation from a traditional financial service provider to a global digital financial infrastructure builder. In the future, AlloyX will continue to focus on core areas such as stablecoin payments and settlements, asset tokenization, global treasury management, and compliant DeFi solutions, driving the institutionalization of digital finance in Hong Kong and global markets, and providing secure, efficient, and transparent financial infrastructure for institutional users worldwide.

Foresight News reported that Tom Lee stated in an interview with CNBC: "Cryptocurrencies have just experienced the largest deleveraging event in history, with an impact magnitude that could be several times that of the FTX incident, yet bitcoin's ultimate decline was maintained within the 3%-4% range. This fully demonstrates that bitcoin itself is becoming a highly resilient store of value. Imagine if a similar shock occurred in the gold market: even in the face of a massive liquidity crisis, if gold only dropped by a few percentage points, the market would see this as solid proof of its value anchoring. This is exactly what we are seeing with bitcoin right now. Driven by stablecoins, both Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, but this fundamental improvement has not yet been fully reflected in token prices—there is typically a lag in market pricing. From my observation, the ongoing increase in on-chain fundamental activity actually provides a solid basis for major market movements before the end of the year."