Press Release
The milestone is coming, and the BAS Blockchain Global Summit Forum comes to a successful conclusion!
On March 10, 2021, the BAS Blockchain Global Summit Forum, themed by Trend Empowering New Economy and Jointly Innovating and Exhibiting the Future, came to a successful conclusion in Haikou, a national-level blockchain base.
A number of invited guests attended the BAS Global Launch Conference, including Zhang Yongxing, researcher of the Development Research Center of the State Council, Zhu Youping, deputy director of the Blockchain Professional Committee of China Communications Industry Association, and dean of the School of Digital Economics, Shenzhen Information Service Industry Blockchain Association Dr. Cheng Xiaoming, Ph.D. in Economics Liu Changyong from Peking University, Manager Yu, founder of BAS Public Chain, David, Dean of BAS Business School, and Dai Feiqing, founder of Alibaba Sesame Credit, and many other heavyweight leaders.
At the meeting, guests focused on blockchain to discuss the development of digital economy around topics such as new public chains, new economies, new species, and new eras, and capture the future value trend of the digital economy era for us. The following is the BAS public chain selected the essence of the big coffee thoughts in the 8-hour industry ceremony, and we will reminisce and appreciate together with you.
At the beginning of the meeting, President Ma of the BAS public chain gave an opening speech with passion and fired the first shot of the entire summit.
Afterwards, Mr. David, Dean of BAS Business School, gave a wonderful sharing with everyone. It shared the development history of the blockchain and the core standards of the blockchain 4.0 era. At the same time, it elaborated on the technical support of BAS as well as a wide range of application scenarios and business logic.
Zhang Yongxing from the Research Institute of the Development Research Center of the State Council shared on the development of blockchain technology. He said that the blockchain is a neutral technology, and the issue of Bitcoin should not be borne by the blockchain. The issuance of the blockchain should be carried out under the strict management of the government and based on real money. He believes that in order to allow blockchain technology to return to its true value, it must develop rationally and healthily in its application.
Liu Changyong, Ph.D. of Economics at Peking University, mentioned in a speech that more and more universities and enterprises are beginning to study blockchain and offer courses. Blockchain is a comprehensive innovation. The current blockchain technology must be combined with entities for commercial applications to reach a new level. As a senior popular science scholar in the blockchain field, Liu Changyong believes that BAS’s payment system provides a scenario and product where blockchain technology can be commercialized on a large scale.
In the afternoon session of the collision of ideas and in-depth exchanges, the meeting almost reached its climax, and many heavy guests all appeared on the stage. How can the picture be a good word.
Cheng Xiaoming, deputy director of the Blockchain Special Committee of China Communications Industry Association, and Dean of the Digital Economics School of Shenzhen Information Service Industry Blockchain Association, explains blockchain from economics and finance, and how blockchain technology can transform and empower blockchain entity. When it comes to the BAS public chain, Dr. Cheng Xiaoming believes that it is in line with national policies to use blockchain technology to empower entities and transform and upgrade the chain; at the same time, BAS’s cross-border payment system will lead a new era in the blockchain industry.
Afterwards, the founder of the Aliren Blockchain Alliance and the founder of Alibaba Sesame Credit Dai celebrated on stage to give a speech and talked about Ali and the big dream of blockchain. He started from Alibaba and talked about the importance of choosing the outlet industry. At present, the BAS public chain has stood at the outlet of the non-blockchain industry. He also analyzed technology applications and compared the success of Alibaba. BAS will also achieve great success in the future with mature technology and applications.
Regarding new finance and new payments, Zhu Youping, a well-known blockchain economist and deputy director of the Blockchain Professional Committee of China Communications Industry Association, also expressed his insights. He first praised the phenomenon that the chain reform is the driving force of the blockchain to empower the real economy, and said that with the improvement of digital technology, more blockchain applications will be launched, and BAS cross-border payment will be a very powerful A full range of blockchain application tools.
Finally, Mr. Yu, the founder of BAS public chain, talked about the technical concept and future vision of BAS public chain. After sharing BAS’s plans for the next two years, the atmosphere of the meeting reached a climax again. BAS said that in addition to technological innovation, BAS also has a clear development direction: BAS is a token economic chain, a payment chain, and a world-class token network with huge potential. BAS hopes to use its technical strength to promote the integration of the blockchain industry and modern commercial finance in the future, and to truly empower the encrypted payment field, so as to subvert the traditional industrial chain and business form.
The BAS public chain sits on the three must-win elements of the right time, the right place, and the strategist, and it will be invincible in the future. Tianshi, who conforms to the general trend of the global digital economy and open finance; the geographical advantage is to establish the global operation center in Hainan, the capital of China’s blockchain; Renhe is the consensus of millions of people around the world,
Those who gain the path will help more, and those who fail are few. The BAS public chain is the gainer in the blockchain field and the master of inclusive finance!
As the holding of this summit forum and the base camp of the BAS public chain, under the support of a series of policies, Hainan will quickly gather the blockchain industry and talents in the future, give full play to the advantages of talents and industry, and it is expected that Hainan will become the blockchain industry in my country. Industry high ground, and at the same time leading the pace of blockchain advancement on a global scale, this is really powerful for the development of BAS public chain.
For the long-term development of the BAS public chain, this summit forum is undoubtedly a landmark meeting. I believe that in the future, in the global and far-reaching strategic layout, there will be continuous bright spots and new ideas. The curtain of the conference is slowly falling, BAS’s new journey of blockchain will begin again, and what we can do is to live up to our mission and move forward! Welcome to join the mighty army of BAS consensus and conspire together!
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
Gramercy Networks Announces New Global Ultra-Low Latency Financial Network Connecting Major Trading Hubs
Los Angeles, United States, August 14th, 2026, FinanceWire
New global network backbone will provide high-performance connectivity between five of the world’s key financial markets; Gramercy Networks is now accepting pre-orders from financial institutions and trading firms seeking access to the network.
Gramercy Networks LLC, a global developer of enterprise-grade telecommunications and ultra-low-latency network solutions, today announced plans to develop a new Global Inter-Market Ultra-Low Latency (ULL) Network Backbone connecting major financial markets in New York, London, Dubai, Delhi and Singapore.
The new network is being engineered specifically for the demanding requirements of high-frequency trading firms, quantitative hedge funds, market makers, investment banks and other financial institutions whose businesses depend on fast, reliable and deterministic communications between global financial markets.
Gramercy Networks is also announcing the opening of its pre-order program, enabling prospective customers to reserve capacity and participate in the network’s initial deployment. Early customers will have the opportunity to work with Gramercy Networks to identify priority financial-market destinations, capacity requirements, interfaces and connectivity configurations as the network is developed.
“This project represents the next evolution of Gramercy Networks’ global ultra-low-latency strategy,” said Garret Byrd, Managing Director. “Financial markets are increasingly interconnected, yet firms operating between North America, Europe, the Middle East and Asia continue to face significant differences in network performance, route efficiency and reliability. Our objective is to engineer these routes as a unified global network specifically optimized for the requirements of the financial community.”
Connecting Five Strategic Financial Markets
The planned backbone will create a high-performance inter-market network connecting five strategically important financial centers:
New York — Providing connectivity to the greater New York/New Jersey financial ecosystem and key financial data centers serving U.S. equities, fixed income, futures and other markets.
London — Connecting one of the world’s most important centers for foreign exchange, European equities, commodities and international financial services.
Dubai — Establishing a strategic Middle Eastern hub connecting European, Asian and regional financial markets and providing a critical transit point between Western and Asian liquidity centers.
Delhi — Providing connectivity into India’s rapidly expanding financial and digital infrastructure ecosystem and supporting institutional connectivity between India and international financial centers.
Singapore — Connecting a principal Asia-Pacific financial center supporting equities, derivatives, foreign exchange and regional trading activity.
Rather than treating these markets as individual point-to-point connections, Gramercy Networks plans to engineer them as components of an integrated multi-hub global financial network, allowing customers to connect multiple financial centers through a common high-performance infrastructure.
Engineered for Ultra-Low Latency
The network will combine optimized submarine cable systems, terrestrial fiber infrastructure and specialized Content Delivery Network (CDN) technologies to reduce unnecessary physical distance and network-processing delays.
Gramercy Networks will evaluate routes according to their actual physical characteristics rather than relying exclusively on conventional carrier routing. Engineering considerations include fiber distance, cable landing locations, terrestrial rights-of-way, optical regeneration requirements, equipment latency, network hops and the physical paths between major financial data centers.
Where technically and commercially appropriate, the architecture may incorporate dedicated fiber, optical spectrum, high-capacity wavelength services and specialized wireless technologies to further optimize individual network segments.
The objective is straightforward: move financial data between markets over the shortest, fastest and most predictable practical path, and place customer data as close to the customer premises as feasible.
A New Financial Corridor Between West and East
A central objective of the project is to create more efficient connectivity between established Western financial centers and rapidly expanding markets in the Middle East and Asia.
The London–Dubai–Delhi–Singapore corridor will be a particular area of network optimization.
Gramercy Networks believes that continued expansion of financial markets in India, the Gulf region and Southeast Asia is increasing demand for institutional-grade connectivity between these markets and established liquidity centers in London and New York.
The resulting network is intended to support applications including cross-market execution, global market-data distribution, foreign exchange trading, quantitative strategies, risk management, portfolio synchronization and other latency-sensitive financial applications.
Designed for the Global Trading Community
The network is being developed primarily for organizations with demanding international connectivity requirements, including:
- High-frequency and proprietary trading firms
- Quantitative hedge funds
- Global market makers and liquidity providers
- Investment banks and financial institutions
- Global asset managers
- Foreign exchange and commodities trading firms
- Digital-asset market makers and institutional trading platforms
- Market-data and financial technology providers
Customers will be able to engage Gramercy Networks for individual inter-market connections or broader multi-market network configurations connecting several financial centers.
Pre-Orders Now Being Accepted
Gramercy Networks is now accepting pre-orders and expressions of interest for capacity on the new network.
The pre-order program is intended for organizations that anticipate requiring ultra-low-latency connectivity between two or more of the planned markets and want to participate during the network’s development and initial deployment phases.
Early customer engagement will help Gramercy Networks prioritize capacity, data-center connectivity, market destinations and route requirements. Customers with significant capacity or specialized network requirements may also work directly with Gramercy Networks on customized configurations.
Organizations interested in reserving capacity or discussing connectivity requirements are encouraged to contact Gramercy Networks.
About Gramercy Networks
Gramercy Networks LLC is a global investor and developer of enterprise-grade telecommunications technology and network solutions specializing in high-performance and ultra-low-latency connectivity.
The company designs and develops custom networks and global connectivity solutions with particular expertise in the requirements of financial institutions, trading firms, market makers and other technology-dependent organizations.
Gramercy Networks’ capabilities include global network design and implementation, fastest-path route planning, dark fiber acquisition and provisioning, optical and wireless network solutions, data-center and colocation connectivity, outside-plant consulting and investment in advanced network technologies.
For additional information about Gramercy Networks and its services, visit gramercynetworks.com.
Pre-Order & Project Inquiries
Gramercy Networks LLC
1800 North Vine Street, Los Angeles, CA 90028
About the Project
Network: Global Inter-Market Ultra-Low Latency Network Backbone
Primary Markets: New York • London • Dubai • Delhi • Singapore
Target Customers: HFT firms • Market makers • Quantitative funds • Investment banks • Asset managers • Financial technology companies
Services: Dedicated high-performance connectivity • Ultra-low-latency routes • 10G/100G/400G capacity • Customized CDN financial networks
Commercial Status: Pre-orders and expressions of interest now being accepted
Contact
Managing Director
Garret Byrd
Gramercy Networks LLC
info@gramercynetworks.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
AquaChain Advances Its Web3 Vision for Verifiable AI Infrastructure Ahead of AQUA’s Upcoming Listing
The emerging Web3 infrastructure initiative outlines an incentive-driven model connecting verified cooling performance with Efficiency Credits and the future utility envisioned for AQUA.
Cayman Islands, 14th August 2026, AquaChain is advancing its vision for an incentive-driven Web3 ecosystem designed to connect verifiable liquid-cooling performance with digital participation across AI data centers and semiconductor facilities, as $AQUA prepares for an upcoming exchange listing.
At the foundation of the proposed ecosystem is AquaChain’s verification framework, which is being developed to transform cooling-performance metrics into provable digital evidence. The project combines IoT telemetry, cryptographic verification, and blockchain infrastructure with the aim of making real-world cooling efficiency more verifiable and auditable.
As AI workloads and advanced semiconductor manufacturing increase compute density, liquid cooling is becoming increasingly important to next-generation infrastructure. AquaChain is exploring how measurable cooling performance can become the foundation for a digital incentive economy tied to real-world infrastructure.
From Verified Performance to Efficiency Credits
The proposed first stage of AquaChain’s incentive model centers on Efficiency Credits, non-transferable points designed to recognize validated participation and measurable improvements in cooling performance.
Under the proposed framework, activities such as improving Water Usage Effectiveness (WUE), recovering waste heat, increasing water recycling, and maintaining reliable cooling operations can contribute to an operator’s Efficiency Score and associated rewards.
The approach is designed to establish measurable infrastructure performance and verification before progressively expanding the ecosystem’s digital incentive layer.
AquaChain’s longer-term roadmap also explores a marketplace where verified efficiency data could support green-compute commitments, waste-heat offtake and sustainability-related applications—creating potential economic value from infrastructure performance that is traditionally treated as an internal operational metric.
Building Toward $AQUA Utility
As the ecosystem develops, AQUA is designed as a utility-focused digital asset within AquaChain’s broader Web3 vision. The project’s roadmap envisions future utility across network incentives, verifier participation and staking, governance, and marketplace activity as the ecosystem develops.
This phased model is designed to connect trusted infrastructure data and verified real-world performance with digital incentives and broader ecosystem participation.
Creating an Efficiency Marketplace
AquaChain’s longer-term roadmap also explores an Efficiency Marketplace where verified infrastructure performance could support green-compute commitments, waste-heat offtake and sustainability-related applications.
Rather than placing sensitive operational telemetry directly on-chain, AquaChain’s proposed hybrid architecture keeps raw infrastructure data off-chain while allowing cryptographic proofs and efficiency information to be recorded on-chain.
Through this model, AquaChain aims to connect AI infrastructure, liquid cooling, IoT, blockchain and DePIN, creating an ecosystem where digital participation can be linked to measurable physical performance.
$AQUA Exchange Listing Ahead
As AquaChain continues developing its ecosystem, $AQUA is preparing for an upcoming exchange listing. Further details regarding the exchange, trading availability, and related announcements will be shared through AquaChain’s official channels.
The upcoming listing represents one element of AquaChain’s broader Web3 roadmap, while the project’s longer-term focus remains on building infrastructure that connects verifiable cooling efficiency with digital incentives and ecosystem participation.
About AquaChain
AquaChain is an emerging blockchain infrastructure initiative focused on making liquid-cooling efficiency verifiable, auditable, and economically meaningful across AI data centers and semiconductor facilities. Its proposed framework combines IoT telemetry, cryptographic verification, blockchain infrastructure and incentive mechanisms with the long-term vision of transforming cooling efficiency into a provable digital asset for the AI infrastructure economy.
Website: www.aqua-chain.com
Whitepaper: https://aqua-chain.com/whitepaper
Telegram: https://t.me/aquachain_official
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
MEXC’s August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100%
Mutsamudu, Comoros, August 14th, 2026, Chainwire
MEXC, a pioneer in 0-fee digital asset trading, has released its August 2026 Proof of Reserves (PoR) report, audited by Hacken, showing that reserve ratios for all major assets remained above 100%, with the BTC reserve ratio reaching 288%. This report reflects MEXC’s robust financial position and its continued commitment to safeguarding user assets.
Amid a broader wave of consolidation across the crypto exchange industry in 2026, MEXC continues to stand out by releasing monthly Proof of Reserves reports independently audited by Hacken, allowing users to verify at any time that their own assets are fully accounted for within the platform’s reserves.
According to the audited report, the BTC reserve ratio is 288%, covering 4,282.20 BTC in user assets. The USDT reserve ratio is 115%, covering 1,691,925,884.19 USDT in user holdings. The USDC reserve ratio is 114%, covering 170,998,567.28 USDC in user holdings. The ETH reserve ratio is 113%, covering 58,457.33 ETH in user holdings.
Beyond PoR, the MEXC Futures Insurance Fund — which reached 751 million USDT as of its latest disclosure — absorbs losses from liquidations triggered by extreme market conditions, helping ensure user positions are not improperly liquidated. The MEXC Guardian Fund is a dual-reserve structure combining USDT and BTC. It is planned to expand from $100 million to $500 million over the next two years. MEXC employs a multi-layered security framework designed to protect user assets across different levels of the platform. This includes AI-driven risk monitoring, regular security audits, and round-the-clock multilingual customer support.
MEXC will continue to disclose PoR monthly and further strengthen user asset protection measures to provide users with a secure and reliable trading environment.
To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
For media inquiries, please contact MEXC PR team: media@mexc.com
Risk Disclaimer
This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.
Contact
MEXC PR team
media@mexc.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.
Gramercy Networks Announces New Global Ultra-Low Latency Financial Network Connecting Major Trading Hubs
AquaChain Advances Its Web3 Vision for Verifiable AI Infrastructure Ahead of AQUA’s Upcoming Listing
MEXC’s August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100%
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