Swell announced the opening of Wavedrop 1 on X, users can use Black Pearl to claim SWELL, and then stake it as rSWELL to earn more Black Pearl and Symbiotic points.

There is monsoon disturbance cloud activity on the sea surface in the northern part of the South China Sea. It is expected that the monsoon disturbance cloud will develop into a tropical depression on the 30th (with maximum wind force around the center of 6-7). It will then move towards the north and land in the coastal areas of western Guangdong and the Pearl River Estuary on the night of the 31st.

Golden Ten Data on April 30, recently, at the 32nd Pearl River Financial Forum, Lai Zhihong, deputy mayor of Guangzhou, said in his speech that in 2023, the total output value of Guangzhou's biomedicine and health care industry will reach 117.8 billion yuan, and it is the only strategic emerging industrial cluster in the province that has been encouraged and commended by the State Council for three consecutive years. There are 23 listed enterprises in the biomedical field in Guangzhou, with a cumulative fundraising of more than 20 billion yuan and a market capitalization of more than 200 billion yuan, and another 14 enterprises in the biomedical field to be listed are under review. At the same time, relying on the financial resources and industry platform advantages of Guangzhou Financial Holdings, it will cooperate with biomedical enterprises, medical institutions, scientific research institutes and investment institutions to support the proof of concept of biomedicine, accelerate the exploration and cultivation of high-quality scientific and technological achievements, and promote the development of new quality productivity.

According to the statistics from the National Climate Center, the cumulative precipitation in most parts of the Jiangnan and South China regions in China from April 1st to April 28th exceeded 100 millimeters. Among them, the precipitation in the central and eastern parts of Guangdong, the southern and western parts of Fujian, the eastern part of Guangxi, the southern part of Hunan, the southern and eastern parts of Jiangxi, and the southwestern part of Zhejiang exceeded 300 millimeters. The eastern part of Guangdong, Jiangxi, and Fujian even exceeded 500 millimeters. Among the cumulative precipitation data from national meteorological observation stations, the top three stations are all from Guangdong. Longmen, ranking first, has a cumulative precipitation of 1128.9 millimeters, more than five times the normal level for the same period. Fogang, ranking second, also exceeded 1000 millimeters. Due to continuous heavy rainfall, water levels of multiple rivers in the Pearl River Basin have experienced significant increases. On April 22nd, Beijiang witnessed a severe flood, and on April 28th, Hanjiang experienced the third flood of this year. In addition, mountain torrents and geological disasters have occurred in many areas of Guangdong, and some towns have experienced serious waterlogging.

On April 28, 2024, at 20:55, the flow rate of the main stream of the Dongjiang River in the Pearl River Basin rose to 7000 cubic meters per second due to heavy rainfall, according to the Ministry of Water Resources. According to the "National Major River Flood Numbering Regulations" of the Ministry of Water Resources, it is numbered as "Dongjiang River 2024 No.1 Flood". Li Guoying, Deputy Commander of the State Flood Control and Drought Relief Headquarters and Minister of Water Resources, attached great importance to this and requested full efforts to do a good job in the defense against heavy rain and floods in the Pearl River Basin. The Ministry of Water Resources has maintained a level IV emergency response for flood control, strengthened consultations and assessments, further guided and urged the scientific scheduling of key water reservoirs such as Dongjiang Xinfengjiang, Fengshuba, and Baipen Zhu in Guangdong Province, strengthened flood control measures for small and medium-sized reservoirs, dangerous and under-construction projects, and focused on preventing flash floods and small and medium-sized river floods that may be caused by heavy rain. The Pearl River Water Resources Committee of the Ministry of Water Resources and the Water Resources Department of Guangdong Province have both activated a level IV emergency response for flood control and actively responded to the Dongjiang River 2024 No.1 Flood. Currently, the working groups dispatched by the Ministry of Water Resources are still on the front line guiding the defense against heavy rain and floods.

On April 28th, Jinshi Data News reported that due to recent heavy rainfall, the Han River, Dong River, and Bei River in the Pearl River Basin are still experiencing rising water levels. At 12:50 on April 28th, the water level at the Sanheba Hydrological Station on the main stream of the Han River (Meizhou, Guangdong) rose to 42.01 meters, exceeding the alert level by 0.01 meters, marking the occurrence of the "Third Flood of Han River in 2024". In response to the flood situation in Guangdong Province, the Ministry of Water Resources has activated the level IV emergency response for flood defense on the 28th. Currently, the working group dispatched by the Ministry of Water Resources is still on the front line of the Han River, providing guidance for rainstorm and flood defense work.

Odaily LSD Protocol Swell Network announced the launch of the Liquidity Restaking Token rswETH (Restaked Swell Ether) on the X platform, allowing users to earn EigenLayer points (Pearl), as well as future restaking rewards.

According to a report by Jin Shi on December 15, at the second Pearl Bay Financial Forum jointly sponsored by the China Finance 40 Forum and the China Finance 40 Research Institute, the "Pearl Bay Intelligent Finance Development Report (2022)" was officially released. According to the report, the emergence of generative artificial intelligence (AIGC) represented by ChatGPT will undoubtedly have a profound impact on the financial industry, which can affect the financial industry by providing fast and accurate information and automated task processing, and promote the financial industry to reduce costs and increase efficiency with the power of science and technology, and ultimately achieve high-quality development. However, the report also points out that because AIGC technology is still in its infancy, its large-scale application still faces challenges in terms of credibility, business, and cost investment, and there are still certain risks, which need to be carefully discussed.

According to the Beijing News Shell Finance report, on December 17, Li Lihui, former president of the Bank of China, said at the "Second Pearl Bay Financial Forum" that there are three major innovation trends in artificial intelligence technology, including generative AI to initiate the transformation of content production methods and human-computer interaction methods, expand from general large models to vertical models, and directly create business value. "However, current artificial intelligence (AI) algorithms and models are still not clear and transparent enough, and there are still technical shortcomings that need to be addressed. Li Lihui also pointed out that putting less mature AI technology into the high-risk financial sector could magnify existing risks and create new ones.

PANews reported on November 1 that according to the official website of the U.S. Department of Justice (DOJ), Amir Bruno Elmani (also known as "Bruno Brock"), the founder of the blockchain protocol Oyster Pearl, was sentenced to four years in prison for tax crimes. Elmaani pleaded guilty in April 2023, admitting that she had caused more than $5.5 million in lost tax revenues.

Amir Bruno Elmaani, the 31-year-old founder of the defunct cryptocurrency project Oyster Protocol, has been sentenced to up to four years in prison for tax evasion, Gold Finance reported. Elmaani, aka "Bruno Block," was sentenced to prison after pleading guilty on April 6 after pleading guilty on April 6, the U.S. Attorney's Office said Oct. 31 that he pleaded guilty to secretly minting and selling Pearl tokens while failing to pay income taxes. Elmaani admitted that he caused more than $5.5 million in tax losses.

On October 12, TangibleDAO announced an action plan for the USDR deanchoring problem. Recently, the rapid decline in market capitalization due to the large number of redemptions of liquid DAI in USDR treasury, coupled with the complex real estate liquidation process, has led to panic selling and de-anchoring in the market. TangibleDAO's action plan includes: 1. Support USDR with protocol-owned liquidity (POL) and insurance fund assets. Currently, USDR has a collateralization ratio of 84% and plans to continue to support redemptions through the protocol's own stablecoins (DAI, USDC, USDT). 2. Launch of Baskets, a pool of assets tokenized by real estate that will play a key role in the USDR redemption process. Users can choose to hold these real estate-backed tokens and collect proceeds through rebase, or sell them on Pearl. 3. Turn on the redemption feature and USDR will be fully convertible for stablecoins, Basket pool tokens, and locked TNGBL 3,3+ NFTs. TangibleDAO stressed that it will no longer include Real USD in the future, and promised that USDR will be deprecated once the aforementioned redemption process is completed.

PANews news on October 12, USDR issuer and RWA protocol TangibleDAO tweeted that the panic sell-off brought about by the redemption of DAI in a short period of time and the real estate liquidation schedule caused USDR to be seriously de-anchored. TangibleDAO also said that in order to restore stablecoin prices and user trust as soon as possible, a series of plans will be launched, including: the liquidity owned by the protocol (POL) has been withdrawn from the Pearl, USDR has been burned (the protocol cannot redeem itself), and as many insurance funds as possible will be liquidated. Liquid assets and locked token positions in the existing market will be sold. The remaining stablecoins in the POL and Insurance Fund Sale will be made available to the Client through the redemption process described below; A tokenized real estate pool will be launched and USDR will be open for redemption after deployment. Coingecko data shows that the stablecoin USDR (Real USD) fell to around $0.5 last night, down 49.1% in 24 hours. It has now recovered to around $0.66.

According to data from the official website of Odaily Planet Daily, there are still 11.87 million DAI reserves in the USDR treasury of Tangible stablecoin in the early morning of the 11th; In the past 24 hours, users redeemed tens of millions of USDR and exchanged them for more liquid assets such as DAI and TNGBL for selling, resulting in the price of TNGBL falling to 3.3 USDT, and finally shrinking with some reserve assets, USDR once de-anchored to $0.5. At present, the circulation of USDR is 45.21 million, and the reserve is mainly composed of illiquid assets and illiquid assets, namely: real real estate (US$3,581, accounting for 61.2%), TNGBL (US$10.26 million, accounting for 17.5%), PEARL liquidity LP (US$8.49 million, accounting for 14.5%) and insurance funds (US$6.26 million, accounting for 10.7%). It is understood that USDR is a physical real estate-backed stablecoin issued by Tangible, anchored to the US dollar. Its white paper shows that USDR can be converted to DAI at any time at a 1:1 rate, and USDR will issue tokens by over-collateralizing real estate and distributing the proceeds to holders, thereby offsetting the depreciation of its pegged currency and enabling real estate tokenization.

According to a report by the Shanghai Securities News on September 21, the Shanghai Municipal Economic and Information Technology Commission recently released the first batch of Shanghai Yuanshi’s major application scenario construction results list, covering intelligent manufacturing, cultural tourism, commercial operations, classroom education, medical health and other fields. 10 results. Among them, Baosteel Quanzhen Yuanshi Hot Rolling Factory, Oriental Pearl "Yuan" Dynamic Pearl, Yuyuan Yuan Yuan Universe Super Scene, Digital "Yida", Fudan University Affiliated Eye, Ear, Nose and Throat Hospital Yuanshi Specialty Hospital, Qiantan Oriental Yuanshi Selected into the first batch of lists.

Golden Finance reported that recently, the Shanghai Municipal Commission of Economy and Information Technology released the first batch of Shanghai Yuanverse’s major application scenario construction achievements list, covering 10 achievements in the fields of intelligent manufacturing, cultural tourism, commercial operations, classroom education, and medical health. Among them, Baosteel Quanzhen Yuanshi Hot Rolling Factory, Oriental Pearl "Yuan" Dynamic Pearl, Yuyuan Yuan Yuan Universe Super Scene, Digital "Yida", Fudan University Affiliated Eye, Ear, Nose and Throat Hospital Yuanshi Specialty Hospital, Qiantan Oriental Yuanshi Selected into the first batch of lists. (Shanghai Securities News)

Jinse Finance reported that ZYBER 365, a Web3 start-up company, announced the completion of a US$100 million Series A round of financing, with British SRAM & MRAM Group participating in the investment. The company's valuation in this round of financing reached US$1.2 billion, and it was promoted to a unicorn. Founded in May 2023 by Indian entrepreneurs Pearl Kapur (founder and CEO) and Sunny Vaghela (co-founder and chief product officer), ZYBER 365 is headquartered in London and is currently building a decentralized Web3 "operating system" with products covering Layer-0, Layer-1 and Layer-2 blockchains, decentralized identities, data analysis, software development kits, web browsers, NFT marketplaces, etc. Need for personalized application.