Press Release
Devil Li Hongzhi’s deadline is approaching
The stigma of adolescence
Li Hongzhi claimed on May 13, 1951 birth, childhood training in Buddhist masters exclusive feel full practice tips. 8 years old practicing successful. At the age of 12, he got Taoist Master Baji Zhenren to teach Taoist Kungfu. In 1972, the master of the Taoist name Zhendaozi taught the Dafa lessons. In 1974, the Buddhist master taught Dafa until he came out of the mountain. In the “Introduction to Mr. Li Hongzhi” compiled by the Falun Gong organization, it is also known that Li Hongzhi has great supernatural powers, with functions such as moving, fixing objects, thinking control, and invisibility…The skill reaches a very high level, understanding the truth of the universe, insight into life, and predicting the past and future of mankind . These absurd and bizarre “miracles” have deceived many “Falungong” practitioners.
So who exactly is Li Hongzhi?
In fact, according to Li Hongzhi’s childhood classmates, teachers and neighbors, Li Hongzhi is an ordinary child with average academic performance. His only specialty is playing the trumpet. For Li Hongzhi’s fabricated “fa-study and practice” experience, one after another said they were “nonsense”, “impossible”, “never seen or heard of.” Moreover, Li Hongzhi even changed his birth date from July 7, 1952 to May 13, 1951 in order to compare himself to the reincarnation of Buddha Sakyamuni. Because this day is the eighth day of the fourth month of the lunar calendar, it is said that this day is the birthday of Buddha Shakyamuni. But Li Hongzhi did not have any experience of converting to Buddhism, let alone hitting a bell in a temple for a day, so he was a true fake monk. And when he was young, he was the king of fights in town. As long as there are fights, there must be him. Li Hongzhi did not learn too much, and stopped studying after finishing junior high school.
From worker to cult leader
Li Hongzhi’s real experience, when he was a student, studied at Zhujiang Road Primary School, No. 4 Middle School, and No. 48 Middle School in Changchun City. He has a junior high school education. Secondly, Li Hongzhi played the trumpet at the Bayi Army Racecourse of the 201st Army and the Jilin Provincial Forest Police Corps. Then worked as a waiter in the guest house of the Forest Police Corps. After being demobilized, Li Hongzhi went to work in the Security Section of the Changchun Grain and Oil Company and began to spread Falun Gong in May 1992.
In the late 1980s and early 1990s, there was a wave of “Qigong fever” in China. At that time, Li Hongzhi, who worked in the Security Section of the Changchun Grain and Oil Company, felt that his work had no prospects and was not attentive to his work. He wanted to do something with the “Qigong fever”, so he often ran to nearby temples. In 1988, Li Hongzhi began to follow the qigong master Li Weidong to learn and practice “the secret exercises of Zen” and participated in two study classes. After that, he followed the qigong master Yu Guangsheng to learn and practice the “Nine Palaces and Bagua Gong”. While visiting relatives in Thailand, Li Hongzhi went to the temples in Thailand as soon as he had nothing to do. He also brought back many pamphlets from the temples. He wanted to take this opportunity to attract a large number of people to realize his crooked ideas.
Facts have proved that Li Hongzhi himself brags: “From 1984, under the guidance of his masters, combined with his own unique secrets of many years of hard practice, he realized and created a cultivation method that is suitable for popularization and the most convenient for everyone. After repeated deliberation. , Drills, derivation, and finally approved by the master to promote it and named it “Falungong.” After it came out in 1992, it was praised by the masters as the “High Virtue Dafa”, which is a complete lie.
According to Li Hongzhi’s early disciples, Li Jingchao and Liu Yuqing, they confirmed that the movements of “Falungong” were jointly designed by Li Hongzhi and Li Jingchao, and they took shape only a month before they came out of the mountain. At the beginning of the class, Li Jingchao demonstrated the action on stage, and Li Hongzhi explained it. Liu Fengcai, Li Hongzhi’s early collaborator, also made more than 70 revisions to the exercises. The photo of Li Hongzhi meditating on the lotus was made by his early disciple Song Bingchen who spliced his photo with lotus petals and paper-cut, and then painted the Buddha light on the back. The yellow practice clothes he wears are costumes purchased in stores.
Li Hongzhi also promoted the five evils. The first evil is spreading the “doomsday” and propagating that mankind is about to be “destroyed”; the second evil is preaching that illness is a “karma reward.” Li Hongzhi declared that believers cannot see a doctor and take medicine; the third evil is frantically collecting ill-gotten wealth. Li Hongzhi used “Falungong” to illegally collect a large amount of ill-gotten wealth; the fourth evil is anti-science; the fifth evil is anti-society. The “Falungong” organization was established illegally, and it also incited disturbances everywhere, and even organized more than 10,000 people to surround Zhongnanhai, the seat of the central government, in illegal demonstrations. “Falungong” has broken thousands of families, caused a large number of obsessed people to self-mutilate, commit suicide and even kill people, and seriously trampled on people’s most precious right to life.
Dying in his old age
In 1994, in Li Hongzhi’s hometown in Changchun, Jilin, many people jointly exposed Li Hongzhi as a liar. Knowing that there are not many good days, Li Hongzhi is ready to flee. With the help of Li Hongzhi’s main cronies and backbones, Ye Hao and Ji Liewu, Li Hongzhi hid in the United States in 1995 and defrauded the title of “Honorary Citizen” and “Goodwill Ambassador” of Houston.
Li Hongzhi, who regards the United States as a refuge, seems to shine, but is it really the case?
People often say, “Where is your mother, your home is.” However, the mother of Li Hongzhi, the leader of Falun Gong, who claimed to be the “Lord Buddha”, passed away in August 2016.
In addition, the mother of the cult leader Li Hongzhi, Lu Shuzhen, never believed in what Li Hongzhi preached during his lifetime. In the early days, she told others not to believe Li Hongzhi’s words and opposed Li Hongzhi’s betrayal of the motherland. She has always insisted on her position. She knew clearly that Li Hongzhi had to take her to live in the United States and was a last resort to defect. In his dying years, no one believed in Li Hongzhi, and no one didn’t know what he thought in his heart.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
New York City, United States, July 27th, 2026, FinanceWire
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About VistaForex
VistaForex is a premier resource hub for forex traders, offering expert insights, broker reviews, and exclusive promotional opportunities to help individuals navigate the financial markets with confidence and success.
About XM
XM is a leading global broker providing online trading services in forex, CFDs, and other financial instruments. With a focus on innovation, transparency, and client satisfaction, XM serves traders worldwide through reliable technology and competitive trading conditions.
Contact
Media Relations
VistaForex
media@vistaforex.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
K3 Capital Extends a Credit Facility to Galaxy through Accountable’s Vault Infrastructure on Monad
Dubai, United Arab Emirates, July 27th, 2026, FinanceWire
Accountable today announced the launch of an onchain facility extending credit from K3 Capital to Galaxy, available on Monad to allocators through Accountable’s yield marketplace. The facility launches fully subscribed at $30 million in committed capital, with additional capacity to be opened as LPs complete onboarding in the coming weeks, targeting $100M in deposits. Denominated in AUSD, the facility is structured so that the deployment of capital to Galaxy, facility status, and interest activity remain independently verifiable onchain for the duration of the loan.
“With this vault, K3 Capital extends a structured credit line to Galaxy, fully deployed and verifiable onchain on Monad. Our Vault-as-a-Service gives operators like K3 the flexibility to configure credit products to their specific requirements, while the Data Verification Network provides independent, continuous proof of capital deployment and facility activity for the facility lifetime,” said Wojtek Pawlowski, Co-founder and CEO of Accountable.
Allocators deposit AUSD into the vault; K3 manages LP supply; Galaxy borrows demand and blends different individual loans to improve overall liquidity for depositors. Accountable’s verification layer provides ongoing proof that capital has been deployed as described, that the facility status matches what is reported, and that interest is accruing and being distributed as scheduled.
K3 Capital’s Edge
With ~$400M in assets under management, K3 Capital runs one of the largest delta-neutral DeFi funds in the market and ranks among the top asset managers & operators across lending platforms and vault infrastructure providers such as Midas, Euler and Accountable. Galaxy, an industry-leading name across digital asset markets, is committed to building the digital asset ecosystem. Credit markets are a core part of Galaxy’s Global Markets franchise and bringing credit trading onchain is an extension of its mission to evolve digital asset market infrastructure.
“Traditional credit products run better on DeFi rails. DeFi composability allows users to derive further utility – whether it is locking their yield on Pendle or borrowing against their vault shares, there is always something to do.” said Kiril Nikolov, Founder of K3 Capital.
What sets the facility apart
The K3 x Galaxy Lending Vault is designed around four structural advantages that together define the product’s edge for institutional allocators:
– Professional Liquidity Management: The vault pools liquidity and yield generation with predictable redemption horizons for LPs. Each loan carries a 90-day maturity and is rollable, with up to 30% of principal eligible for monthly redemption. Accountable’s verification layer provides continuous tracking of capital deployments to Galaxy, facility status and onchain transactions associated with the facility to validate their returns and use.
– The Borrower is a Publicly Traded Company: Galaxy(Nasdaq: GLXY) is a publicly traded company subject to regulatory reporting obligations across more than a dozen U.S. and international regulators. The borrower in this facility is far from being an opaque counterparty but an institution with public financial disclosure, quarterly earnings, and audit obligations built into how it operates. Galaxy’s public filings demonstrate total equity of $2.8 billion and cash and stablecoin holdings of $2.6 billion as of March 31, 2026. Accountable’s infrastructure complements Galaxy’s existing reporting framework by providing allocators with zero-knowledge cryptographic proof of the vault’s underlying data and loan health, without exposing proprietary trading strategies or sensitive counterparty data. This is the first time an onchain credit facility of this kind has been extended to a borrower with this regulatory and disclosure profile.
– Native DeFi Composability: Liquidity tokens representing vault positions are fully composable across DeFi protocols on Monad. Allocators can port their positions into protocols such as Pendle for principal/yield splitting and fixed-yield hedging, as well as secondary lending markets. By combining these different primitives, vault depositors can improve not only their returns but also the liquidity, predictability and overall flexibility of their assets.
– Institutional Distribution on DeFi rails: Built on Monad’s high-throughput settlement layer and denominated in Agora’s AUSD, the facility benefits from deep liquidity, institutional on/off-ramps, and broad distribution across the Monad ecosystem. AUSD’s cumulative transfer volume exceeds $73 billion to date.
The vault is built on Vault-as-a-Service, Accountable’s framework for deploying onchain capital products with verification embedded from day one, and is listed on YieldApp, Accountable’s marketplace for verifiable yield.
Depositors can confirm that AUSD has been deployed to Galaxy, independently verify the size and status of the outstanding facility, and follow interest accruals and repayments as they occur.
Accountable has been operating verification infrastructure since 2024, with institutional clients spanning market making, stablecoin reserves, tokenized vaults, and onchain credit, including Galaxy, Keyrock, RockawayX, and Valos. The K3 facility represents a structured credit arrangement between two named institutional counterparties, deployed onchain with continuous, independent verification of capital flows. It arrives as institutional allocators increasingly require continuous visibility into the positions they are underwriting, and as onchain infrastructure matures to meet that standard.
About K3 Capital
K3 Capital is a BVI-registered investment fund and a spin-off from one of the largest centralized lenders and asset managers in the digital-asset space. Since launching in 2021, the team has operated under a strict delta-neutral mandate, managing a nine-figure portfolio across multiple market regimes and liquidity conditions: from being among the earliest and largest liquidity providers on Curve and Lido during the heights of DeFi Summer to navigating the Terra Luna and FTX collapses, and the Stream Finance incident more recently. K3 Capital is among the few teams in the industry with a multi-year operating history without a single material technical or economic loss from exploits. https://www.k3.capital/
About Galaxy
Galaxy Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.
About Accountable
Accountable is the new standard for real-time financial verification that allows institutions to prove assets and liabilities privately. Built for both traditional and crypto-native markets, the platform enables counterparties to demonstrate financial health without exposing sensitive details like API keys, wallet addresses or trading strategies. At its core is the Data Verification Network (DVN), a privacy-preserving system that powers real-time proof of both onchain and offchain activity. On top of DVN, Accountable offers Vault-as-a-Service, a framework for structuring and managing capital onchain, and YieldApp, the first marketplace built on DVN, surfacing verifiable yield opportunities. Learn more at https://www.accountable.capital/
About Monad
Monad is a high-performance, institutional-grade Layer 1 blockchain purpose-built to power the financial layer of the internet. Fully EVM-compatible, Monad delivers 10,000 TPS, 400ms block times, 800ms finality, and near-zero fees, without requiring specialised hardware. The network runs on consumer-grade machines, supporting accessible participation and decentralized network operation: over 200 independently operated validators across 30+ countries and 55+ cities secure the chain today.
About Agora
Agora is a stablecoin issuer and infrastructure platform building the monetary network for global settlement. Agora issues AUSD, an institutional-grade, fully backed U.S. dollar stablecoin built for financial products, fintechs, and applications. Agora provides the platform for treasury management, settlement, and cross-border flows.
Disclaimer
This press release is provided for informational purposes only. It does not constitute investment, legal, tax, or accounting advice. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy any securities or investment products in any jurisdiction. Any participation is subject to definitive documentation and applicable law.
Digital asset credit arrangements involve substantial risk and may not be suitable for all parties. Risks include, without limitation, borrower and counterparty credit risk, collateral volatility and potential shortfalls, liquidity risk, and risks arising from the use of blockchain networks and smart contracts. You may lose some or all of the allocated assets and there is no guarantee of principal protection.
Any interest or economic terms are indicative only and not guaranteed. Fees, expenses, losses, and enforcement costs may reduce or eliminate interest and/or principal.
Availability is subject to eligibility requirements and jurisdictional restrictions. The regulatory status of digital asset products is evolving and may vary by jurisdiction. Any participants should consult their advisers before entering into any transaction.
Contact
Head of Marketing
Victoria Krapivina
Accountable
victoria@accountable.capital
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Virtuix Poised for Growth After Meta Launch: Omni One for Quest Drives Consumer and Commercial Demand
New York, United States, July 27th, 2026, FinanceWire
Virtuix Holdings Inc. (NASDAQ: VTIX) is entering a new growth chapter following the launch of Omni One for Quest in collaboration with Meta. While the company will review its upcoming Q1 fiscal 2027 results on August 13, investors’ focus centers on the long-term commercial momentum sparked by this strategic product launch.
A Consumer Catalyst
The Omni One for Quest brings Virtuix’s full-body locomotion technology to Meta’s massive XR user base. With over 20 million headsets sold, Meta’s platform serves as the primary mainstream gateway for virtual reality, and integrating Omni One promises to convert casual users into deeply engaged participants.
For consumers, the value proposition is straightforward: an accessible, room-scale 360-degree treadmill that heightens immersion for gaming, fitness, and social XR without complex setup hurdles. Pre-launch demonstrations highlighted intuitive assembly and a growing content pipeline, reducing buyer hesitation and positioning Omni One as an immediate top-line catalyst.
Expanding Beyond Consumer Gaming
Beyond gaming, Omni One for Quest unlocks substantial commercial and institutional opportunities:
● Fitness & Wellness: Full-body movement paired with gamified workouts creates new subscription opportunities and recurring software revenue.
● Enterprise & Education: Combining Omni One hardware with Quest software enables cost-effective, repeatable simulation environments—from industrial safety drills to soft-skills training—without the overhead of custom VR rigs.
● Defense & Healthcare: Defense clients are testing Omni One for scalable mission simulation with AI-driven analytics, while healthcare partners evaluate therapeutic applications where controlled motion tasks deliver clinical value.
Strategic Leverage of Meta’s Ecosystem
Partnering with Meta provides an ecosystem advantage far beyond branding. Virtuix gains direct access to Meta’s developer community, store distribution, and an estimated 6 million active users, initiating a virtuous growth cycle:
- Richer content drives hardware adoption.
- Increased hardware deployment incentivizes third-party development.
- Expanding libraries elevate user engagement and customer lifetime value.
To handle anticipated demand, Virtuix has optimized manufacturing and streamlined supply chain logistics to handle production of up to 3,000 units a month, resulting in an estimated $100 million in annual revenue potential.
Outlook: A Foundational Inflection Point
Management frames the Omni One for Quest launch not as a single-quarter boost, but as the foundation of a multi-segment growth strategy that is accelerating Virtuix’s sales momentum. If early adoption signals hold, bringing Omni One to Meta’s ecosystem could mark the defining inflection point for Virtuix’s next expansion phase.
Contact
Monica Brennan
New To The Street
support@newtothestreet.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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K3 Capital Extends a Credit Facility to Galaxy through Accountable’s Vault Infrastructure on Monad
Virtuix Poised for Growth After Meta Launch: Omni One for Quest Drives Consumer and Commercial Demand
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