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Articles by Gu Yu
A Hole Punctured by a Dealer: A $100 Liability Cap Cannot Cover a $90 Million Loss
Author: Gu Yu, ChainCatcher On the morning of October 13, Ledger issued its longest official update since the incident.
On-chain stock trading has begun, but the DeFi frenzy is still a long way off.
CoinLive Sep 18, 2026 at 06:38 AM I'm LongbridgeAI, I can summarize articles. The US SEC issued an 'Innovation Exemption' order, allowing compliant tokenized securities venues (TSVs) to trade tokenized NMS stocks on-chain via permissioned AMMs for five years. This move exempts certain platforms and liquidity providers from traditional exchange/dealer definitions, marking a significant regulatory easing. The market reacted positively with surges in related stocks like Securitize and Coinbase.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
Share Summary: It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements. Author: Gu Yu, ChainCatcher On June 26, the tokenized financial settlement network Metal announced the completion of its seed round financing, led by the cross-border payment giant Airwallex and its fund Capital49.
Investigating the Heterogeneous Influence of Urban Environmental Characteristics on Street Crimes Through Explainable Machine Learning
Conflicts of Interest The authors declare no conflicts of interest. Data Availability Statement The data that support the findings of this study are available from the corresponding author upon reasonable request. References , , , and . 2021. “ Prediction of Crime in Neighbourhoods of New York City Using Spatial Data Analysis.” In 2021 1st International Conference on Artificial Intelligence and Data Analytics (CAIDA). IEEE. , , and . 2018.
Institutions are embracing encryption, but practitioners are extremely frustrated. Who will ultimately win?
Author: Gu Yu, ChainCatcher Unlike previous bear market cycles, the crypto industry has fallen into a strange state of division in the past 1-2 years. TradFi institutions outside the industry and DeFi, public chains, and investors inside exhibit completely different emotional states, raising questions from many industry observers. On February 23, Austin Federa, co-founder of DoubleZero, posted on X,Never before have institutions and businesses been so enthusiastic about cryptocurrencies.
Please treat Jack Yi kindly.
Author: Gu Yu, ChainCatcher With the sharp drop in BTC and ETH prices in recent days, the positions of Jack Yi, founder of Trend Research and Liquid Capital (formerly LD Capital), have attracted the attention of many cryptocurrency investors. His leveraged 650,000 ETH position is in grave danger under the current market conditions, on the verge of liquidation.
China steps up emergency response as temperatures drop sharply Original
Staff members clear the snow at the Tiantan Park (Temple of Heaven) after a snowfall in Beijing, capital of China, Jan. 18, 2026. Beijing witnessed a snowfall this weekend. (Photo by Zhang Jiang/Xinhua) BEIJING, Jan. 20 (Xinhua) -- Chinese authorities have ramped up emergency measures to protect residents, infrastructure and energy supplies as a powerful cold wave grips large parts of the country, resulting in heavy snow, strong winds and plunging temperatures.
China Focus: China ramps up emergency response as severe cold and snow sweep across regions
BEIJING, Jan. 18 (Xinhua) -- Chinese authorities in multiple regions have moved swiftly to deal with a powerful wave of cold air and widespread snowfall. In Beijing, the year's first snowfall prompted an overnight citywide mobilization. Thousands of sanitation workers and snow-clearing vehicles were mobilized to keep major roads, bridges and residential areas passable.
GLOBALink | China's Xinjiang Oilfield reports CO2 storage and utilization breakthrough Original
Xinjiang Oilfield, a major oil producer in NW China, has achieved annual CO2 storage of over one million tonnes as of Dec. 28, marking a breakthrough in the country's large-scale application of carbon capture, utilization and storage technologies, said CNPC on Monday. #GLOBALink
Tarim Oilfield in NW China's Xinjiang records solar generation of over 2 billion kWh Original
Workers patrol at a station of the Tarim Oilfield in northwest China's Xinjiang Uygur Autonomous Region, Feb. 6, 2023. (Xinhua/Li Xiang) URUMQI, Dec. 28 (Xinhua) -- The annual solar power generation at PetroChina Tarim Oilfield, the country's third-largest onshore oil and gas field, has surpassed 2 billion kWh as of Sunday.
GLOBALink | World's longest expressway tunnel opens to traffic in Xinjiang
The 22.13-km Tianshan Shengli Tunnel, the world's longest expressway tunnel, officially opened to traffic on Friday. #GLOBALink
Yearender: Warmer, wetter climate brings changes, concerns in NW China Original
An aerial drone photo taken on Oct. 20, 2025 shows the scenery of populus euphratica forests dotted on a lake in Hotan County of the Hotan Prefecture, northwest China's Xinjiang Uygur Autonomous Region.(Xinhua/Xin Yuewei) URUMQI, Dec. 25 (Xinhua) -- In northwest China's Xinjiang Uygur Autonomous Region, factory workers were busy sorting, packaging, and loading apples that were picked earlier onto trucks bound for markets from Shanghai to Paris. Apples in Xinjiang are a geographical treasure.
Xinhua News | World's longest expressway tunnel to open to traffic in Xinjiang by year-end
The Tianshan Shengli Tunnel, the world's longest expressway tunnel, will be open to traffic by the end of this year, enabling a new shortcut linking southern and northern parts of northwest China's Xinjiang Uygur Autonomous Region. #XinhuaNews
Solana's first governance vote concludes: Why did SGP-003 cause such a huge controversy?
Author: Gu Yu, ChainCatcher Solana is undergoing a landmark governance experiment. On August 23, Solana's first-ever formal on-chain governance vote was launched, with three proposals—SGP-0001, SGP-0002, and SGP-0003—simultaneously entering the voting stage. These proposals cover the governance framework, the SOL inflation mechanism, and the transaction fee structure, respectively.
China's major shale oil base reports production breakthrough Original
Workers check the pressure of a shale oil well of Jiqing Oilfield, in northwest China's Xinjiang Uygur Autonomous Region, Nov. 24, 2024. (Xinhua/Gu Yu) URUMQI, Dec. 10 (Xinhua) -- A major shale oil production zone in northwest China's Xinjiang Uygur Autonomous Region reported its crude oil output exceeding 1.7 million tonnes so far this year, marking a significant breakthrough in the country's shale oil development, China National Petroleum Corporation (CNPC) announced on Tuesday.
GLOBALink | Faces of China: Growing fruit with sand in China's largest desert
On the northern edge of the Taklimakan Desert, China's largest desert in Xinjiang, a young woman is using the abundant sand to grow fruit in the barren Gobi Desert. Click for her inspiring story. #GLOBALink
GLOBALink | Ancient Chinese instrument takes Uygur girl from desert to stage Original
This summer, 18-year-old Uygur girl Aydina Yasen was overjoyed to receive her admission letter to the Konghou program at a conservatory in northeast China, offering her the chance to further study the ancient Chinese musical instrument she has loved since childhood. #GLOBALink
Xinjiang Story: Wings of heritage -- An eagle dancer's flight to spotlight
Xinjiang Story: Wings of heritage -- An eagle dancer's flight to spotlight By Gu Yu, Wu Ziyu and Wang Xiaopeng (Xinhua) 08:39, August 06, 2025 URUMQI, Aug. 5 (Xinhua) -- Though in his late fifties, Jeneshan Salapi, an ethnic Kazakh herdsman, moves with the fluid grace of youth when performing the traditional eagle dance of the ethnic group. "The eagle's head pivots six ways, a gift no other bird has," he said, arching his neck and sweeping his arms like wings, embodying the raptor's hunt.
Vitalik finally admitted to a major strategic mistake by Ethereum.
Author: Gu Yu, ChainCatcher After ETH prices hit a new low since May of last year, Ethereum founder Vitalik Buterin today published a lengthy article reflecting on Ethereum's long-standing core Layer 2 strategy, planning to increase investment in Layer 1, which will have a significant impact on the entire crypto industry. The initial roadmap centered on Rollups defined Layer 2 as sharding supported by Ethereum, providing a trustless block space.
When crypto loses its fun, when Multicoin Capital loses its soul
Author: Gu Yu, ChainCatcher Today, Kyle Samani, co-founder and managing partner of Multicoin Capital, announced on his social media account that he will step down from the day-to-day management and investment decisions of Multicoin Capital to explore opportunities in other technology sectors outside the crypto industry. Multicoin subsequently stated that the fund will continue to operate normally, and existing investments and team structures will remain unaffected.
Sounds from 10,000 meters underground Original
Shenditake 1, China's first scientific exploration well exceeding 10,000 meters, has reached an astounding depth of 10,910 meters. Researchers have converted seismic waves from 9,000-14,000 meters into audible sounds. Ready to hear the Earth's deep whispers?■
Does YZi Labs have a dream?
Author: Gu Yu, ChainCatcher On August 26th, YZi Labs announced the finalists for the fourth quarter of its EASY Residency program. All 24 early-stage projects will receive up to $500,000 in investment, totaling approximately $12 million for the quarter. From the perspective of project focus, this round of investments is significantly different from the traditional impression of YZi Labs.
Paradigm's stall moment: When "research-driven" approaches face real-world challenges.
Author: Gu Yu, ChainCatcher For a long time, Paradigm has been a landmark venture capital firm in the crypto industry, representing the industry's top investment style and aesthetics, and its research-driven crypto VC is highly praised.
Xinhua Headlines: China completes drilling of Asia's deepest vertical well Original
*Completing the drilling of "Shenditake 1," the second deepest vertical well across the world, has strengthened China's ultra-deep oil and gas exploration capabilities. *The Tarim Basin is China's largest deep-earth oil and gas reservoir, with 83.2 percent of its deep oil resources and 63.9 percent of its deep natural gas buried below 6,000 meters. *To support the project, CNPC developed the world's first 12,000-meter automated drilling rig and a suite of advanced ultra-deep well logging tools.
GLOBALink | China completes drilling of Asia's deepest vertical well
China National Petroleum Corporation announced Thursday that it has completed the drilling of the deepest vertical well in Asia, as a borehole reached a depth of 10,910 meters in China's northwestern desert. #GLOBALink
On-chain stock trading has begun, but the DeFi frenzy is still a long way off.
Author: Gu Yu, ChainCatcher On September 17, SEC Chairman Paul Atkins wrote in a statement: "Today, the U.S. Securities and Exchange Commission is taking a significant step into the digital age of the U.S. capital markets." On the same day, the SEC officially issued an "Innovation Exemption" order, opening a five-year compliance pathway for on-chain trading of tokenized U.S. stocks.
Behind Robinhood's high-stakes bet on Web3: incubation, alliances, and strategic pronouncements.
Author: Gu Yu, ChainCatcher On July 1, 2026, at the Old Royal Naval College in London, online brokerage giant Robinhood held a landmark launch event titled "The World is Flat." At this event, the Robinhood Chain public mainnet officially launched, Stock Tokens were fully opened, Agentic Accounts were launched for US crypto users, and Robinhood Earn was simultaneously unveiled. On the same day, the company's stock price closed up 8.35%. This is more than just a crypto product update.
Xinhua Headlines: Global media leaders gather in Xinjiang to navigate AI's transformative impact
URUMQI, Oct. 14 (Xinhua) -- At a time when the world is increasingly influenced by artificial intelligence (AI), media leaders from around the globe gathered in the vibrant heart of northwest China's Xinjiang on Monday to discuss the opportunities and challenges brought about by AI.
China Focus: Pakistani delegation hails China's development, envisions future cooperation
BEIJING, Sept. 1 (Xinhua) -- A delegation of nine media and think tank representatives from Pakistan recently visited China, traveling from the Xinjiang Uygur Autonomous Region and Shaanxi Province to Beijing. Impressed by China's social and economic advancements, they expressed a strong desire to further deepen China-Pakistan cooperation in the future. During their five-day visit to Xinjiang, the first stop of their China tour from Aug.
La 8e Exposition Chine-Eurasie se termine sur des résultats fructueux
La 8e Exposition Chine-Eurasie s'est clôturée dimanche à Urumqi, capitale de la région autonome ouïgoure du Xinjiang, dans le nord-ouest de la Chine. Selon l'organisateur, l'événement a donné des résultats de coopération fructueux, la valeur contractuelle totale dépassant 610 milliards de yuans (environ 83,9 milliards de dollars).
Chine : quatre disparus dans des torrents de montagne et glissements de terrain provoqués par la pluie au Xinjiang
Des pluies torrentielles ont provoqué lundi vers 18H50 des torrents de montagne et des glissements de terrain dans la ville de Changji de la région autonome ouïgoure du Xinjiang, dans le nord-ouest de la Chine, bloquant des routes et faisant quatre disparus, selon les services locaux d'intervention d'urgence et de lutte contre les incendies. La police a reçu des informations faisant état de véhicules pris au piège lundi vers 19H55 et a immédiatement lancé des opérations de secours.
Un séisme de magnitude 5,0 frappe le Xinjiang, aucune perte humaine ou matérielle rapportée
Un séisme de magnitude 5,0 a secoué mardi à 01h35 le district de Weili, dans la préfecture autonome mogole de Bayingolin, dans la région autonome ouïgoure du Xinjiang (nord-ouest de la Chine), selon le Centre du réseau sismique de Chine. L'épicentre, situé à une profondeur de 20 km, a été localisé à 40,89 degrés de latitude nord et 84,15 degrés de longitude est, selon un rapport publié par le centre.
After 18 years, blockchain is finally starting to move onto the mainstream.
Author: Gu Yu, ChainCatcher Earlier this month, established crypto venture capital firm Variant announced the completion of a new $222 million fund, expanding its theme from "digital ownership" to "autonomy." This may seem like a routine fundraising, but the signals behind it are anything but ordinary.
Chine : un séisme de magnitude 5,4 frappe le Xinjiang, aucune victime signalée
Un séisme de magnitude 5,4 a secoué le district de Baicheng dans la région autonome ouïgoure du Xinjiang, dans le nord-ouest de la Chine samedi à 16h46 (heure de Beijing), selon le Centre du réseau sismique de Chine. L'épicentre a été localisé à 41,94 degrés de latitude nord et à 82,14 degrés de longitude est, avec une profondeur de 17 kilomètres, selon un rapport publié par le centre.
[경제동향] 中 1~2월 서비스 무역액, 전년比 22.8% 증가
[한국미디어뉴스통신=신화통신] 중국 서비스 무역이 빠른 증가세를 보였다. 3일 중국 상무부가 발표한 데이터에 따르면 올 1~2월 중국 서비스 무역 수출입 총액이 1조1천910억7천만 위안(약 220조3천479억원)을 기록하며 전년 대비 22.8% 증가했다. 관련 데이터에 따르면 같은 기간 중국 서비스 무역 수출액은 지난해 같은 기간보다 17.9% 늘어난 4천861억7천만 위안(89조9천414억원), 수입액은 26.5% 확대된 7천49억 위안(130조406억원)으로 집계됐다. 서비스 무역 적자는 2천187억3천만 위안(40조4천650억원)이다. ▲ 매매잔금 생활자금 사업자금 부족하다면? ▲ 언론마케팅, 포털 노출 가장 빠르고 싼 곳 어디? ▲ 개인회생자대출이 필요할 땐? 지식집약형 서비스 무역은 비교적 빠른 증가세를 보였다. 1~2월 지식집약형 서비스 수출입액은 전년 대비 14.2% 확대된 4천648억7천만 위안(86조9억5천만원)을 기록했다.
Le champ pétrolifère de Tarim fournit 350 milliards de m3 de gaz naturel aux régions centrales et orientales de la Chine
Vendredi à 8h00, le champ pétrolifère de Tarim de la China National Petroleum Corporation (CNPC), principal producteur chinois de pétrole et de gaz, avait fourni un total de 350 milliards de mètres cubes de gaz naturel aux régions centrales et orientales de la Chine via les gazoducs ouest-est du pays depuis septembre 2004.
[과학기술] 中 선디타커 1정, 시추 깊이 1만m 돌파
▲ 매매잔금 생활자금 사업자금 부족하다면? ▲ 언론마케팅, 포털 노출 가장 빠르고 싼 곳 어디? ▲ 개인회생자대출이 필요할 땐? [한국미디어뉴스통신=신화통신] 중국 최초의 1만m급 초심층 과학탐사 유정에서 시추 깊이 1만m를 돌파했다. 신장(新疆)위구르자치구 타커라마간(塔克拉瑪幹·타클라마칸) 사막 중심지에 위치한 시추 현장. 모래 위에 서 있는 약 20층 높이의 유정탑과 요란하게 울리는 기계 장비 사이로 붉은색 옷을 입은 석유 시추 작업자가 체계적으로 분주히 움직인다. 시추 깊이가 1만m를 돌파했다는 소식에 현장에서 박수가 터져 나왔다. 왕춘성(王春生) 타리무(塔里木·타림) 유전 기업 수석전문가는 수십 년 동안 이곳 타리무 분지에서 석유 시추 작업을 이어 왔으며 현재 전례 없는 시추 깊이를 기록했다고 설명했다. 해당 유정은 '선디타커(深地塔科) 1정'으로 설계 깊이는 1만1천100m에 달한다.
China's landmark deep-Earth borehole drilling exceeds 10,000 meters Original
URUMQI, March 4 (Xinhua) -- The drilling of a superdeep borehole in northwest China's Xinjiang Uygur Autonomous Region reached 10,000 meters at 2:48 p.m. Monday and is going deeper, marking a breakthrough in the country's deep-Earth exploration. Located in the hinterland of the Taklimakan Desert in the Tarim Basin, the "Shenditake 1" is expected to reach a designed depth of 11,100 meters upon completion.
Un séisme de magnitude 5,8 frappe le Xinjiang, aucune victime signalée
Aucune victime n'a été signalée jusqu'à présent après qu'un séisme de magnitude 5,8 a frappé dimanche à 12h14 (heure de Beijing) le district d'Akqi, dans la préfecture autonome Kirghiz de Kizilsu, dans la région autonome ouïgoure du Xinjiang (nord-ouest de la Chine), d'après des autorités. L'épicentre, d'une profondeur de 11 km, a été localisé à 41,15 degrés de latitude nord et 78,41 degrés de longitude est, selon le Centre des réseaux sismiques de Chine.
Chine : un séisme de magnitude 5,3 frappe le Xinjiang (nord-ouest), aucune victime n'a été signalée
Aucune victime n'a été signalée jusqu'à présent à la suite d'un séisme de magnitude 5,3 qui a secoué samedi à 6h58 (heure de Beijing) le district d'Akqi dans la préfecture autonome Kirgiz de Kizilsu, dans la région autonome ouïgoure du Xinjiang (nord-ouest de la Chine), ont déclaré les autorités. L'épicentre, d'une profondeur de dix km, a été localisé à 41,12 degrés de latitude nord et 78,54 degrés de longitude est, a précisé le Centre des réseaux sismiques de Chine.
The New Cycle and Old Rules of Crypto VC
Author: Gu Yu, ChainCatcher An indisputable and obvious fact is that crypto VC has been declining in the market cycle of recent years. The returns, voice, and influence of almost all VC institutions have declined to varying degrees. VC tokens have even been "scoffed at" by many investors. There are many reasons for this. For example, due to the habit of most VCs to sell off their tokens and the excessive amount of capital invested in projects, users have begun to dislike VC tokens.
Quake-resistant houses provide secure haven for herders Original
URUMQI, Jan. 26 (Xinhua) -- When the 7.1-magnitude earthquake jolted northwest China's Xinjiang Uygur Autonomous Region early on Tuesday, Hasanbay Tabaldi, a herder living close to the epicenter, was awakened by the shaking. "When I rushed out of the house, I saw that the sheepfold had collapsed, and dozens of sheep were trapped under the ruins," he recalled.
Chine : trois morts et cinq blessés dans un séisme de magnitude 7,1 dans le Xinjiang
Trois personnes ont été tuées et cinq autres blessées après un séisme de magnitude 7,1 qui a frappé le district de Wushi et ses zones avoisinantes dans la préfecture d'Asku, de la région autonome ouïgoure du Xinjiang, dans le nord-ouest de la Chine, mardi, à 2h09, ont indiqué les autorités locales. Les trois décès et quatre des cinq blessés se sont produits dans le district d'Akqi, qui est adjacent au district de Wushi, et une personne a été blessée dans le district même de Wushi.
China's largest gas storage facility creates daily extraction record
Staff members patrol at Hutubi natural gas storage facility in northwest China's Xinjiang Uygur Autonomous Region, Dec. 17, 2023. (Photo by Xue Mei/Xinhua) URUMQI, Dec. 19 (Xinhua) -- China's largest gas storage facility Hutubi extracted a record 38 million cubic meters of natural gas on Saturday, as part of efforts to increase gas production to cope with the strong cold wave enveloping the country.
The long-awaited V5 – Uniswap faces an innovation dilemma.
Author: Gu Yu, ChainCatcher In the crypto industry, the speed of innovation is often a crucial measure of a protocol's longevity. However, Uniswap, which once single-handedly ushered in the DeFi Summer, seems to be slowing down.
Why do crypto projects always like to change their names?
Author: Gu Yu, ChainCatcher In the traditional business world, brand equity is the lifeline of a company. Frequent name changes are almost equivalent to actively destroying one's moat. Nvidia doesn't change its name every few years, Apple doesn't abandon Apple because of a business transformation, and Nike doesn't rebuild its brand just because of a market downturn. But in the cryptocurrency world, the rules are often the opposite.
Le champ pétrolifère de Tarim fournit des volumes de gaz naturel record au sud du Xinjiang
Le champ pétrolifère de Tarim de la China National Petroleum Corporation (CNPC), principal producteur chinois de pétrole et de gaz, a livré plus de 6 milliards de mètres cubes de gaz naturel au sud du Xinjiang depuis le début de l'année. Ce chiffre, qui constitue un nouveau record, représente une augmentation de 1,3 milliard de mètres cubes en glissement annuel.
The launch of new stablecoins by 140 major players may still have a limited impact on the market landscape.
Author: Gu Yu, ChainCatcher On the first day of the second half of 2026, the stablecoin market saw a rare variable: stablecoin company Open Standard announced the launch of Open USD (OUSD), which has gained support from over 140 companies, including traditional financial, payment, technology, and crypto giants such as Visa, Stripe, Mastercard, BlackRock, Standard Chartered Bank, Google, and Coinbase.
Nature thrives in Xinjiang's mountain reserve amid enhanced conservation efforts
Nature thrives in Xinjiang's mountain reserve amid enhanced conservation efforts By Li Ziliang, Li Xiang, Gu Yu and Su Chuanyi (Xinhua) 09:14, December 02, 2023 URUMQI, Dec. 1 (Xinhua) -- The journey from Ruoqiang County in northwest China's Xinjiang Uygur Autonomous Region to the heart of the Altun Mountain National Nature Reserve takes about nine hours by car.
Xinhua Headlines: Nature thrives in Xinjiang's mountain reserve amid enhanced conservation efforts
*Nestled deep in the eastern Kunlun Mountains, the Altun Mountain National Nature Reserve boasts a distinctive plateau desert ecosystem. First established in 1983, it attained national-level status just two years later. *Widely recognized as a "plateau gene bank," the reserve is home to over 300 wildlife and more than 380 plant species.
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