Yesterday I saw a news report that Starchain, a Hong Kong-listed "cryptocurrency concept stock," was ordered to suspend trading on November 26th by the Hong Kong Stock Exchange because the exchange questioned whether the company met its continued listing requirements. I thought, "What kind of amazing stock is this?" Today I took a look, and it turns out it's "Leading Pharmaceuticals"—the name sounds familiar, right? It was once a shell company acquired by Yang Rong, involved in medical aesthetic equipment, but the hype didn't go through. This spring, they resumed their blockchain hype, with rumors circulating that they were going to inject Conflux's assets into the shell company, and that Tsinghua University's Yao Class tech elites had also joined this shell company. But looking at later announcements, something changed. They're now collaborating with Yang Rong's "Starcoin Foundation" in Panama on RWA... Of course, this Starcoin seems to be going to be issued on Conflux... Very exciting and also very abstract.