Blockchain
China-Singapore Guangzhou Knowledge City: Creating a New Highland of Knowledge Creation and Building a Demonstration Zone of Opening up and Cooperation
On November 1, the 18th China-Singapore Joint Council for Bilateral Cooperation (JCBC) kicked off in Singapore. The meeting resulted in the signing of 19 Memoranda of Understanding (MOUs) and cooperation agreements, including the MOU on Developing a Cooperation Framework to Promote Singapore Companies’ Participation in the China-Singapore Guangzhou Knowledge City (CSGKS)’s Industrial Development and Innovation. The meeting also provided a promising path for the future development of the CSGKS located in the Guangdong-Hong Kong-Macao Greater Bay Area.
A commission official of CSGKS Cooperation Affairs Office said, the signing of the MOU will contribute the CSGKS to attract more innovative high-tech enterprises from Singapore and other countries, further deepen the cooperation with Singapore in the field of scientific and technological innovation, support Singaporean enterprises in participating fully in the industrial development and innovation of the CSGKS, and polish the CSGKS as the preferred place for Singapore enterprises to invest.
The China-Singapore International Joint Research Institute, which aims to build an important platform for China–Singapore cooperation and achievements transformation of scientific and technological innovation, has drawn on the experience and system of Singapore’s industry-university-research integration and formulated nine industrialization systems, including the implementation rules of intellectual property support policies and several regulations on encouraging innovation and entrepreneurship. It has attracted a group of international high-level talents represented by Nanyang Technological University of Singapore to set up projects in the institute, and promoted the achievements transformation.
The Regulations on CSGKC of Guangdong Province, which came into force on March 1 this year, delegated the authority of national and provincial economic construction management to the Management Committee of CSGKS through legislation, which has made remarkable achievements in China–Singapore state-level bilateral cooperation projects.
In June this year, the China-Singapore Smart Park, one of the key projects to deepen cooperation in scientific and technological innovation and the construction of smart cities, was officially opened with a total investment of 1.4 billion yuan. It has introduced more than 60 industrialization projects such as NCS Greater Bay Area Fintech Delivery Center, SP Group, Guangzhou Lion TCR, Star 3D Oral digital Medicine, etc.
Meanwhile, as a carrier of industrial innovation jointly built by China and Singapore, Ascendas OneHub GKC’s Phase I Industrial Park has housed more than 400 enterprises and employed 3,000 people. The Guangzhou Innovation Institute of National University of Singapore is about to recruit students, commit itself to training nearly 3,000 high-level talents over a 10-year period, and shoot for becoming the largest comprehensive flagship project of the National University of Singapore in China.
In recent years, cooperation projects between China and Singapore in key areas such as biomedicine, digital economy and green development have been launched in the CSGKS:
- In terms of biomedicine, Biosyngen has built the largest commercial production base of immunocellular drugs in South China; Lion TCR (Singapore), the world’s leading TCR-T cell therapy company, plans to build a GMP cell production base and serve as the company’s headquarters in China.
- In terms of digital economy, NCS, the wholly-owned subsidiary of Singapore Telecom, selected the CSGKS to set up the Greater Bay Area Fintech Delivery Center and the first phase has started operation, which is expected that 500 IT professionals will be stationed at the end of the year to accelerate the development of 5G, digital twins, blockchain and other technologies and build a cross-border innovation ecosystem.
- In terms of green development, the agreement was signed with SP Group to implement the investment, construction and operation of regional energy projects (including cooling and heating), starting from the Knowledge Tower project, and gradually promote them to other regions such as the China-Singapore International Scientific and Technological Innovation Cooperation Demonstration Zone.
- In terms of financial services, the MOU of cooperation was signed with the Singapore Exchange to promote the issuance of green bonds by three state-owned enterprises, with a cumulative issuance scale of US $1.34 billion, and deepen the connectivity with the international financial market.
As an important carrier and innovation model of bilateral cooperation between China and Singapore, the CSGKC strives to build an important node in the GBA and become the world’s knowledge economy highland. In the future, the CSGKC will further integrate development strategies of the Belt and Road Initiative and RCEP, continue to improve the level of institutional opening up, deepen cooperation in the digital economy and green development with Singapore, tap the potential of ASEAN countries and other markets, and show the world more new international cooperation programs and prospects full of Chinese wisdom.
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Blockchain
Blocks & Headlines: Today in Blockchain – May 26, 2025 (Lightchain AI, Cetus Hack, Bilal Bin Saqib, The Blockchain Group)
In an era defined by rapid innovation and heightened security scrutiny, today’s blockchain headlines span breakthroughs in decentralized AI, hard lessons from a major DeFi exploit, strategic government appointments, and enhanced governance mechanisms at a leading Bitcoin-focused firm. This op-ed–style briefing analyzes five key developments, offering insights into their broader impact on blockchain, cryptocurrency, Web3, DeFi, and NFTs.
1. Lightchain AI: A Decentralized “Brain” Takes Shape
Source: Bitcoin.com News
What Happened:
Lightchain AI, positioning itself as an Ethereum challenger, is preparing to launch a fully decentralized AI compute network—what its creators dub a “blockchain brain.” By distributing inference and training tasks across a peer-to-peer network, Lightchain aims to eliminate single-entity control, democratize access to AI, and reduce bias introduced by centralized data silos.
Why It Matters:
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Decentralization at Scale: If successful, Lightchain’s model could shift AI development from corporate labs to open networks, mirroring blockchain’s initial ethos.
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Incentivized Participation: Token-based rewards for node operators may drive robust network security and uptime.
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Interoperability Potential: As an EVM-compatible layer, Lightchain could integrate seamlessly with existing DeFi and NFT protocols.
Opinion: Decentralized AI addresses growing concerns over data monopolies and opaque algorithms. Yet technical challenges—latency, model consistency, and economic sustainability—remain formidable. The blockchain community will watch closely to see if Lightchain can harmonize on-chain governance with rigorous AI‐safety standards.
2. Cetus Protocol Hack: Overflow Flaw Exposes $223M Loss
Source: Cointelegraph; Crypto.news
What Happened:
Blockchain security firm Dedaub released a detailed post-mortem of the Cetus AMM hack, attributing the $223 million user loss to an unchecked integer overflow in its liquidity-parameter calculations. Attackers manipulated swap parameters to drain funds before on-chain checks could intervene.
Why It Matters:
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Smart-Contract Audits Aren’t Enough: Even audited code can harbor edge-case bugs; continuous monitoring and formal verification are critical.
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Economic Risks: Large losses erode user trust and can precipitate token price crashes across interconnected DeFi protocols.
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Evolving Attack Vectors: Overflow exploits highlight that attackers still exploit fundamental coding oversights, not just novel zero-days.
Opinion: The Cetus incident underscores the precarious balance between rapid DeFi innovation and rigorous security. Protocol developers must adopt layered defenses—automated fuzzing, invariant checks, and circuit breakers—to safeguard user assets and maintain ecosystem integrity.
3. Pakistan Appoints Bilal Bin Saqib as SAPM on Blockchain & Crypto
Source: Dunya News; The Express Tribune
What Happened:
Prime Minister Shehbaz Sharif has named Bilal Bin Saqib—already CEO and Chief Advisor of the Pakistan Crypto Council—as Special Assistant to the PM (SAPM) on blockchain and cryptocurrency, with state-minister status. His remit includes crafting a FATF-compliant regulatory framework, overseeing virtual asset service providers, and spearheading Bitcoin-mining initiatives.
Why It Matters:
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Policy Leadership: A dedicated SAPM accelerates Pakistan’s efforts to balance innovation with investor protection and anti-money-laundering compliance.
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Economic Potential: Formalizing crypto policy could attract foreign investment and foster homegrown blockchain startups.
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Talent Development: Saqib’s role may amplify educational programs and public–private partnerships to upskill the workforce in Web3 technologies.
Opinion: Elevating blockchain policy to a ministerial level signals Pakistan’s commitment to a forward-looking digital economy. Success will hinge on clear, consistent regulations that protect stakeholders without stifling experimentation.
4. The Blockchain Group Enables Online Voting for June 10 AGM
Source: ActusNews; Webdisclosure
What Happened:
Europe’s first Bitcoin Treasury Company, The Blockchain Group (Euronext Growth Paris), has opened online voting for its Combined General Meeting on June 10, 2025. Shareholders will vote on the 2024 financial statements and a proposal to increase the company’s capital-raising capacity to €10 billion, supporting its aggressive Bitcoin-accumulation strategy.
Why It Matters:
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Enhanced Governance: Online voting increases shareholder engagement and transparency—critical in a sector often criticized for opaque decision-making.
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Capital Flexibility: A €10 billion envelope equips the company to scale Bitcoin holdings or pursue strategic acquisitions rapidly.
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Market Signaling: By involving retail and institutional investors directly, The Blockchain Group underscores its vision of community-driven growth.
Opinion: This move exemplifies how blockchain firms can leverage digital tools to align corporate governance with on-chain principles of decentralization and stakeholder empowerment. As other public crypto companies observe, robust e-voting frameworks could become a competitive differentiator.
5. Bilal Bin Saqib’s Dual Role: Bridging Policy and Industry
Source: Geo.tv; Dawn.com
What Happened:
Beyond his SAPM appointment, Bilal Bin Saqib continues as CEO of the Pakistan Crypto Council (PCC), advising the Finance Minister. His portfolio spans licensing and oversight of Virtual Asset Service Providers (VASPs), FATF-aligned regulations, and launching Bitcoin-mining corridors to utilize surplus energy.
Why It Matters:
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Policy-Industry Synergy: Saqib’s dual hats ensure real-time feedback between nascent regulations and market realities—potentially avoiding mismatches that stifle growth.
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Energy Strategy: Harnessing Pakistan’s energy grid for mining could diversify exports but demands strict environmental and grid-stability measures.
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Global Engagement: His Forbes “30 Under 30” profile and international advisory roles position Pakistan to engage with global standard-setters and investors.
Opinion: The combination of regulatory authority and industry insight in one office is rare globally. If managed transparently, this approach could fast-track Pakistan’s emergence as a hub for compliant, scalable blockchain initiatives.
Key Trends & Takeaways
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Decentralized AI & Blockchain Convergence:
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Projects like Lightchain AI hint at a future where smart-contract networks power not just finance but compute-intensive AI workloads.
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Security Remains Paramount in DeFi:
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As Cetus illustrates, fundamental coding errors can cause systemic shocks—mandating continuous, multi-layered defense.
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Governmental Embrace of Crypto:
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Assigning a SAPM for blockchain in Pakistan mirrors similar moves in other jurisdictions, recognizing crypto’s economic and strategic value.
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Governance Innovation:
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Digital shareholder voting at The Blockchain Group sets new standards for transparency and community engagement in public crypto firms.
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Policy-Industry Integration:
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Leaders who straddle regulatory and commercial spheres may accelerate balanced frameworks, but must safeguard against conflicts of interest.
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Conclusion
May 26, 2025’s “Blocks & Headlines” underscores blockchain’s dynamic interplay of technological breakthroughs, security imperatives, policy evolution, and governance innovation. From the promise of decentralized AI compute to hard-earned lessons in smart-contract safety, today’s developments reaffirm that progress in blockchain hinges on marrying visionary projects with rigorous oversight and inclusive stakeholder engagement. As the industry matures, success will favor those who navigate technical complexity, regulatory nuance, and community empowerment in equal measure.
The post Blocks & Headlines: Today in Blockchain – May 26, 2025 (Lightchain AI, Cetus Hack, Bilal Bin Saqib, The Blockchain Group) appeared first on News, Events, Advertising Options.
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