U.S. President Trump posted a message on social media on the evening of the 13th, saying that the U.S. military had launched a "violent air strike" on military targets on Khark Island, Iran's oil export hub. In the interview, Trump once again emphasized that Iran's military power has suffered serious losses, saying that it will take years to rebuild.
Lei Di.com Lei Jianping reported on March 20
Tiger Securities, a company owned by Xiaomi, was listed on Nasdaq in the United States today, with an issue price of US$8, higher than the issuance range of US$5 to US$7 per share.
The lead underwriters of Tiger Brokers' IPO are Deutsche Bank and Citigroup. The company plans to be listed on Nasdaq under the trading code "TIGR". During the global road show, its IPO subscription has exceeded its fundraising by more than ten times.
With the long-term support of international long-term funds, Tiger Brokers can increase the issuance limit by 20% to $8.4/ADS. Ultimately, the company set the offering price at $8.
Calculated based on the issuance of 13 million American Depositary Shares (ADS), plus the simultaneous private placement of US$7 million ADS to existing shareholder Interactive Brokers, the total amount raised by Tiger Brokers rose to US$111 million.
According to the revised prospectus previously submitted by Tiger Brokers to the SEC, including the over-allotment of 1.95 million shares that may be executed by the underwriters, the maximum fundraising amount will reach US$127 million.
Wu Tianhua, founder of Tiger Brokers, delivered a speech
Wu Tianhua, founder of Tiger Brokers, said in his speech at the listing that today is an important step in progress. We are proud of these achievements, but the mission never stops.
“The listing marks a new beginning, stay focused and never forget your original intention!”
Wu Tianhua said that this is the best era, and technology allows us to realize our dreams. On this epic journey, I would like to thank my colleagues who work day and night to support Tiger Brokers’ global operations.
When talking about the listing of Tiger Securities, Wu Haiyan, a partner at Huachuang Capital, told Leidi.com that the wealth level and investment capabilities of Chinese people around the world are increasing rapidly. Huachuang is very fortunate and happy to invest in Tiger Securities founded by Wu Tianhua at the end of 2016 and witness the rapid growth of Tiger Securities.
"Tianhua is my junior student in the Computer Science Department of Tsinghua University. I am even more proud to see that today Tianhua can lead the company he founded to be listed on Nasdaq and usher in an important milestone in the company's growth."
Wu Haiyan said that Wu Tianhua is a person with strong technical ability. He was an amateur investment expert before starting a business. After starting a business, he was also able to learn and grow quickly in organizational strategy, team management, and capital markets.
"Congratulations to Tianhua and all colleagues at Tiger Brokers for finding a "wet and long snow path" and taking the lead. I am willing to continue to work hard and be a friend of time."
Revenue last year was $33.56 million
Lei Jianping, founder of Lei Di Touch Network, takes a photo with Wu Tianhua
Founded in 2014, Tiger Brokers is positioned as a Chinese Internet brokerage and aims to improve everyone's investment efficiency through financial technology. It has obtained brokerage licenses or permits from the United States, New Zealand, and Australia.
The prospectus shows that Tiger Brokers’ total revenue in 2018 was US$33.56 million, a year-on-year increase of 98%. The revenue from 2016 to 2017 was US$5.476 million and US$16.949 million respectively.
In 2018, the company's annual net loss based on non-GAAP was US$10.089 million.
Tiger Brokers' income mainly comes from transaction commissions, financing service fees, investment income, interest and other income. In 2018, transaction commission income was US$26.043 million, accounting for approximately 77.6%, and financing service fee income was US$6.442 million, accounting for approximately 19.2%.
Tiger Brokers’ revenue in the fourth quarter of 2018 was US$9.51 million, an increase of 56% from the same period last year.
Among them, Tiger Brokers’ income from trading commissions accounted for US$7.08 million, and income from financing service fees amounted to US$1.718 million.
Tiger Brokers' net loss in the fourth quarter of 2018 was US$2.117 million, a decrease of 38% from the loss of US$3.45 million in the previous quarter, and a decrease of 10% from the loss of US$2.34 million in the same period last year.
As of December 31, 2018, Tiger Brokers had 1.58 million registered users, 502,000 account opening customers, and 82,000 deposit customers.
In the same period in 2017 and 2016, these three data were 713,000, 205,000, 42,000 and 368,000, 79,000 and 14,000 respectively.
As of December 31, 2018, 71.5% of Tiger Brokers’ individual customers were under the age of 35, and more than 86.6% had an annual income exceeding US$40,000.
Xiaomi and Interactive Brokers are important shareholders
Wu Tianhua, the founder of Tiger Brokers, graduated from Tsinghua University with a bachelor's degree in computer science. He worked at NetEase for eight years and was very good at stock trading in the early days.
Li Jianwei, Zhao Xinghua and Wu Tianhua took a group photo
Li Jianwei, an investor in Tiger Securities and two managing partners of Zhencheng Investment, said in an interview with Leidi.com at the listing site that the process of investing in Tiger Securities is quite story-telling.
At first, I and Wu Tianhua, the founder of Tiger Brokers, were both in a stock community, and I was a fan of Wu Tianhua. "In the early days, Tianhua opened a paid training course on options. I was one of the students. I know that Tianhua is very good at stock trading and has strong Internet technology."
This kind of training allowed everyone to establish an understanding of Wu Tianhua's trading and technical capabilities. When Wu Tianhua decided to start a business as an Internet brokerage, Li Jianwei felt that it was very reliable, because Wu Tianhua loved this thing very much and had sufficient accumulation in the field.
"When Tianhua came out to do Tiger Securities, I recommended it to Mr. Xu (Note: Xu Xiaoping, a partner of Zhen Fund). At that time, Tiger's products had not yet been released and the team had just been formed."
However, at that time, Li Jianwei believed that Tiger Brokers had the opportunity to become China's Interactive Brokers (note: an Internet brokerage with a market value of more than 20 billion US dollars is also a shareholder of Tiger Brokers), and Wu Tianhua was a rare talent who best understood Internet technology and securities trading in the securities trading circle. Xu Xiaoping liked this positioning very much, and decided on the spot to make the decision, and Zhen Fund became an early shareholder of Tiger Brokers.
Tiger Brokers also received multiple rounds of financing before going public:
In September 2015, Tiger Brokers announced that it had received a 100 million yuan Series A investment from Xiaomi Technology;
In March 2017, Tiger Brokers announced the completion of a 100 million yuan B+ round of financing, led by Hua Chuang Capital and followed by Zhen Fund;
In July 2018, Tiger Brokers announced the completion of Series C financing, with a post-investment valuation of US$1.06 billion. Investors include PAC (Prospect Avenue Capital), Orient Hontai Capital, Oceanpine Capital, etc.
Rogers at the listing site of Tiger Securities
The characteristic of Tiger Securities is that there are many investors holding small shares. For example, Meituan-Dianping CEO Wang Xing, modern Wall Street figure Rogers, and Huagai Capital are also shareholders of Tiger Securities.
Rogers also visited the office of Tiger Securities. He once said that the company's focus on the US stock market and Fintech applications was one of the reasons why he invested in Tiger Securities.
"In terms of Fintech, I think China is not inferior to the United States at all, and is even more advanced in the field of mobile payment."
Rogers said that technology changes everything in the financial industry, and Tiger Brokers will continue to change the financial industry. Especially in Asia, the Chinese middle class is growing rapidly, and these people are eager for better asset allocation channels.
Before the IPO, Wu Tianhua held 18.9% of the shares through sky fintech holding limited and had 70% of the voting rights;
Xiaomi holds a 14.1% stake in Tiger Brokers through People Better Limited and has 5.2% voting rights;
Group photo of Tang Binsen, Li Li, Xie Wei and Wu Tianhua
Tang Binsen holds 12.4% of the shares through tigerex holding limited and has 4.6% of the voting rights;
IB global invertments LLC, the largest Internet brokerage in the United States, holds 7.7% of the shares and 2.9% of the voting rights;
Jager Fintech holding limited holds 7% of the equity and 2.6% of the voting rights.
Interactive Brokers is not only a major shareholder and partner of Tiger Brokers, but also provides Tiger Brokers with support in industry knowledge, legal and compliance matters, and risk management.
The following is Wu Tianhua’s breakfast speech:
Dear Nasdaq colleagues, ladies and gentlemen, good morning!
Ladies, Gentlemen & our dear friends at Nasdaq, Good morning!
It's an honor to be here with you all today. Ten years ago, I had the entrepreneurial dream of investing in US stock companies listed on NASDAQ.
Today, by focusing on technological innovation, Tiger Brokers has become a gateway for Chinese investors to invest in the world's best companies. At the same time, we are very proud that Nasdaq has become one of the most important partners in our journey.
It's my great honor to be here. Ten years ago, investing in Nasdaq listed companies inspired me to found Tiger Brokers. Today, through our focus on innovation, Tiger Brokers has become a gateway for global Chinese to invest in the best companies all over the world, and I am very proud to have Nasdaq as one of our most important partners on this journey.
Thanks to the support of all users and friends, Tiger Brokers has continued to create new industry records: in less than three years, the cumulative transaction size has exceeded one trillion yuan, which is the fastest known speed in the industry; in terms of US stock trading volume, we are the largest Internet brokerage focusing on serving Chinese people around the world. In November last year, our first ETF product TTTN was also launched on Nasdaq.
Thanks to all my users and friends, Tiger Brokers has kept setting new records. We have achieved 1 trillion RMB trading volume in less than 3 years, the fastest ever in this industry. We are now the biggest online broker for Chinese investors trading US securities. We also launched our first ETF, ticker TTTN, on Nasdaq last November.
For us, today is an important step forward. We are proud of these achievements, but the mission never stops. Listing marks a new beginning, stay focused and never forget your original intention!
Today is an important milestone for us. We are proud of what we have achieved, but we will never rest. Listing marks a new beginning, we will stay focused and remain true to our founding aspirations!
Thank you all! .
Thank you all for joining me for this special moment today!
The following is Wu Tianhua’s speech when ringing the bell:
Good morning everyone, I am Wu Tianhua, the founder of Tiger Securities. It's a great honor to be here and thank you all for coming.
Good morning everyone, my name is Tianhua WU, founder of Tiger Brokers. It's my great honor to be here today. Thank you all for coming.
Almost ten years ago, I was very interested in investing in US stocks and US stock options and was an active trader. At that time, although there were many brokerage products on the market, none were tailor-made for Chinese people, and the experience was very poor. From that moment on, I had a dream.
That is, one day I will be able to create a new generation of securities firms, help Chinese people invest in the best companies in the world more conveniently through better technology, and share the dividends of technological development.
About 10 years ago, I became an active trader in US stocks and options. Although there are many US brokers, none of them are tailored to Chinese users. Since then I had a dream, I wanted to build a new generation online broker through tech innovation that would help Chinese people invest in the best companies around the world.
With this dream in mind, we launched our self-developed trading software Tiger Trade four years ago. Thanks to the support of all users, we have achieved rapid development.
Tiger Brokers' cumulative transaction size exceeded one trillion yuan in three years, which is the fastest speed known in the industry. Judging from the trading volume of U.S. stocks, we are the largest Internet brokerage focusing on serving Chinese people around the world.
With this dream, we launched our own trading platform called Tiger Trade 4 years ago. Thanks to our users, we have achieved great growth. We reached 1 Trillion RMB total trading volume in less than 3 years, the fastest in the industry. We are now the biggest online broker for Chinese trading US Securities.
This is the best of times, technology allows us to realize our dreams. On this epic journey, I want to thank my colleagues who are working around the clock to support our global operations.
Thank you to all users and shareholders for their trust. Today marks a new beginning. We will have a longer road and more arduous struggles in the future. Let us stick to our ideals and live up to our mission.
Now is the best era; technology enables us to accomplish dreams. Thanks to all my friends and colleagues who have been part of this epic journey and to all my employees who are working around the clock to support our global operation.
Thanks for the trust from our users and our shareholders. Today only marks the new beginning, there is a long journey to go and more uphill battles to fight. Let's stick to our dreams and passions and deliver the best result to our users and shareholders.
Thanks again!
Thank you.
————————————————
Recently, reporters learned from the official website of Shandong University of Finance and Economics that the school has released this year’s recruitment brochure for high-level athletes.
The school attaches great importance to the work of high-level sports teams. It is a general higher education institution approved by the Ministry of Education with the qualification to recruit high-level sports teams. It has relatively complete sports team teaching, training, and competition venues and facilities. It has now formed a standardized and efficient high-level sports team management system, and has repeatedly won good results in international and domestic high-level competitions.
The school’s men’s volleyball team won the championship of the China University Volleyball Super League in 2009, 2010 and 2011; it won the championship of the China University Volleyball Championship in 2010 and 2011;
In 2010, he represented Chinese college students in the volleyball competition of the World University Five-Ball Championship, winning the championship and receiving awards from the Ministry of Education and the Shandong Provincial Department of Education; in 2012, he won the championship of the 9th China University Games; in 2017, he won the championship of the men's volleyball university group of the National University Games.
In addition, the school’s men’s football team won the championship of the 14th Shandong Province University Games in 2018. In addition, table tennis, aerobics, men's basketball and other projects have achieved excellent results in various competitions across the country and the province.
1. Enrollment projects and enrollment plans
1. Enrollment projects: men’s volleyball, women’s volleyball, men’s football (11-a-side), men’s table tennis, women’s table tennis.
2. The total enrollment plan is not to exceed 65 people, including: no more than 6 people for men's volleyball, no more than 6 people for women's volleyball, no more than 11 people for men's football, no more than 21 people for men's table tennis, and no more than 21 people for women's table tennis.
3. The school will determine the final specific enrollment plan for each enrollment province and each enrollment project (position on the field) based on the actual number of candidates applying, their scores, and the school's high-level sports team building needs in accordance with the principle of merit-based admissions and preferring shortage over excess.
2. Registration conditions
Comply with the registration requirements for recruiting high-level sports teams stipulated in the relevant documents of the Ministry of Education, and meet one of the following conditions:
(1) Those who have graduated from senior secondary education schools, obtained national second-level athlete certificates (inclusive) or above, and have been among the top six main players in collective events or the top three in individual events in high school competitions at the provincial level (inclusive) or above;
(2) Those who have the equivalent of senior secondary education graduation and have obtained national first-level athlete certificates (inclusive) or above.
The sports you apply for are consistent with the sports level certificate.
The province (autonomous region, municipality directly under the Central Government) where the candidate is located organizes a unified test for high-level athletes. Candidates (excluding national first-level athletes and above) must participate in the unified test and pass the test. Candidates from provinces (autonomous regions, municipalities) that do not organize a unified test must obtain a certificate for national second-level athletes (inclusive) or above.
Participate in the college entrance examination registration organized by provincial education admissions departments.
3. Registration and preliminary qualification review
1. Fill in the registration form
Candidates must download and fill out the "Shandong University of Finance and Economics 2019 High-Level Athletes Recruitment Form" (click the bottom to read the full text to download), and save it with "name" + "2019 High-Level Registration Form" as the file name (for example: "Li Hua 2019 High-Level Registration Form").
2. Prepare registration materials
Candidates must make the following materials into scanned files and use compression software to create a file, and name the file "name" + "2019 registration materials" (for example: "Li Hua 2019 registration materials").
(1) Scan the front and back of the second-generation ID card on one page;
(2) 2019 Summer College Entrance Examination Registration Information Confirmation Form for General College Admissions;
(3) High school diploma or equivalent academic qualification certificate. Fresh graduates must provide academic qualification certificate issued by the school;
(4) Scanned copy of athlete level certificate (just scan the content page);
(5) Take a screenshot of the public announcement result of your sports skill level from the "Comprehensive Inquiry System for Athletes' Skill Level" of the State Sports General Administration;
(6) Scanned copies of the order book and score book used when applying for athlete grade certificates (only need to scan the cover, catalog and candidate content page);
(7) Scanned copy of the certificate of the best performance in the competition in the past three years.
Incomplete registration materials will not be accepted; if it is indeed impossible to provide the original order book and grade book, copies can be used, but the event organizer must stamp the cover and the position where the candidate's name is reflected; the candidate's registration materials must be clear, true and complete; if the registration materials contain false content or conceal major facts that may have an adverse impact on the candidates, they shall be handled in accordance with the relevant regulations of the Ministry of Education and the provincial admissions authority.
3. Send the registration form and registration materials
Before March 24, candidates must send the registration form and registration materials as attachments to the school’s admissions email: scd_zsb@163.com.
4. Preliminary review of qualifications
The school will review the information submitted by the candidates. The sports items in the athlete technical level certificate held by the candidates should be consistent with the sports items applied for in our school. Candidates' sports technical levels are verified strictly in accordance with the "Comprehensive Inquiry System for Athletes' Technical Levels" of the State Sports General Administration. Candidates who cannot be queried through the "Comprehensive Inquiry System for Athletes' Technical Levels" will be disqualified from participating in our school's 2019 high-level athlete selection. The review results will be announced through the Shandong University of Finance and Economics Undergraduate Admissions Information Network before March 27.
4. On-site confirmation and qualification review
Candidates who pass the preliminary review will go to the office of the School of Physical Education at Shungeng Campus of Shandong University of Finance and Economics (No. 40 Shungeng Road, Jinan City) from 9:00 to 17:00 on March 29 for on-site confirmation and qualification review. Candidates who pass the examination will sign the "Anti-Doping Commitment Letter for High-Level Sports Team Candidates" and pay a testing fee of 120 yuan according to the relevant charging standards of Shandong Province. Candidates who fail to conduct on-site confirmation within the time limit, refuse to sign a commitment letter, or refuse to undergo dope testing will be deemed to have voluntarily given up their qualifications for the exam.
Materials required for on-site confirmation:
1． "Shandong University of Finance and Economics 2019 High-level Athletes Enrollment Form" signed by the school where the recommendation is made and stamped with the official seal of the photo;
2. Original athlete level certificate;
3. Original sports performance certificates of the past three years, original participation order books, and score books;
4. Original second-generation ID card of the candidate;
5. Original copy of the registration information confirmation form for the 2019 Summer College Entrance Examination for General College Admissions.
5. Sports-specific tests
1. Testing time: Starting from March 30, 2019 (the specific testing time of each project will be notified when on-site confirmation)
2. Test location: Shandong University of Finance and Economics Shungeng Campus Gymnasium and Stadium
3. Test content and methods:
(1) Men’s volleyball, women’s volleyball
The content of the main attack, secondary attack, and support tests are: competition, spiking, and high touch;
The content of the second pass test is: competition, passing, and touching height;
The content of the free man test is: competition, first pass, and 6*6 meter movement.
(2) Men’s football
Goalkeeper test content: competition, goalkeeper-specific skills, 50-meter run;
Test content for other team members: competition, curved shot, and 50-meter run.
(3) Men’s table tennis, women’s table tennis
The competition is divided into two categories: single examination group and unified examination group. Candidates at the national first-level sports level and above can choose either group, but not both; national second-level athletes can only choose the unified examination group.
Ranking method for special test scores: For the total scores of volleyball and football professional tests, competition accounts for 50%, and other items each account for 25%. Candidates who participate in the test are ranked according to the total score from high to low according to the different items and positions on the field. Table tennis rankings are determined from high to low in individual examination groups and unified examination groups based on competition results.
4． Candidates who participate in our school's high-level sports team tests must purchase personal accident insurance in advance. The original policy must be presented during on-site confirmation. Those who have not purchased personal accident insurance will be disqualified from participating in the test.
6. Cultural examination
1. Candidates who sign up for high-level athlete recruitment generally need to take the National Unified College Entrance Examination (summer).
2. Candidates who are national first-level athletes and above can take the cultural independent examination organized by the State Sports General Administration. Candidates who take the separate cultural examination must register for the examination through the "China Sports Culture Education Network" or the "Sports Education Alliance" mobile APP. Those who fail to register and pay the examination fee will be deemed to have given up their qualifications and will not be able to take the cultural examination. The culture separate examination will be held from April 20 to 21, 2019.
7. Admission Principles
The school determines the qualified list based on the candidates' sports special test scores and the school's high-level sports team building needs, and publishes it through the school's undergraduate admissions information network and the Ministry of Education's Sunshine College Entrance Examination Information Platform.
1. If the national first-level and above athlete candidates take the cultural independent examination organized by the State Sports General Administration and reach the school's passing line, the list of candidates to be admitted will be determined from high to low according to the school's sports special test scores and position in each field. The total number of people to be admitted shall not exceed 20% of the school's high-level athlete enrollment plan. The admission procedures will be publicized in accordance with the relevant requirements of the Ministry of Education. After publicity, the admission procedures will be processed.
2. For high-level athletes who have participated in the national unified admissions examination for general colleges and universities and passed the school's special sports test, and who have reached the corresponding admission discount score for cultural courses after the college entrance examination and applied for our school as their first choice, our school will handle the admission procedures in accordance with relevant regulations after the candidates are registered in the province where the students are from. The preferential points for admission to cultural courses are divided into 2 levels:
Category I: Reach 65% of the admission control score for the first batch of liberal arts and science undergraduates (or the second batch of undergraduates) set by the province of origin. The number of such candidates shall not exceed 30% of the school's high-level athlete recruitment plan.
Category II: Meet the admission score for ordinary high-level athletes in the province of origin, generally not lower than the admission control score for the first batch of liberal arts and science undergraduates or the second batch of undergraduates set by the province of origin.
other
1. Candidates who participate in the high-level athlete test should register for the summer college entrance examination organized by the provincial education and admissions departments as required and obtain a candidate number. Candidates are solely responsible for any registration issues that may affect their exams and admissions.
2. Once the school discovers and verifies candidates who are found to have cheated in special sports tests or individual culture exams, as well as candidates who have provided false materials to obtain high-level athlete qualifications, their registration or admission qualifications for that year will be canceled and reported to the Provincial Education Admissions Examination Authority, which will record the cheating facts in the candidates’ college entrance examination integrity electronic files; those who have been admitted to the school will have their student status revoked.
3. After the newly admitted high-level athletes enter the school, the school will conduct a comprehensive review within three months and organize a special sports re-examination. If it is found that the admission conditions do not meet the admission conditions stipulated by the state, violate the admissions regulations, or commit fraud, their admission qualifications will be cancelled, and the source middle school or unit and the provincial education admissions examination bureau will be notified.
4. The Admissions Office of Shandong University of Finance and Economics is the school’s specially established general college entrance examination admissions agency. The school does not entrust any other organization or individual to handle matters related to the admissions of high-level sports teams. The school reserves the right to pursue responsibilities in accordance with the law for institutions or individuals who carry out illegal enrollment activities under the guise of the name of Shandong University of Finance and Economics. The school will not be held responsible for any consequences caused by candidates and parents credulously trusting the promises of other personnel.
5. The school's high-level sports team recruitment follows the principles of "fair competition, fair selection, openness and transparency, and merit-based admissions" and is subject to supervision by disciplinary inspection and supervision departments, candidates and parents, news media and all walks of life. Report hotline: 0531-88596235.
6. Admissions contact information
Admissions Office consultation hotline: 0531-81793666 Fax: 0531-81793555
Admissions special website:
http://zhaosheng.sdufe.edu.cn/
Sports College: 0531-82911131
(Qilu Evening News·Qilu One Point reporter Feng Peiran)
Finally, the new President of the United States, Trump, was officially sworn in.
In the past few weeks, Trump, who has not yet taken office, has become one of the focuses of the world's news media: threatening to seize Greenland and the Panama Canal by force, threatening to annex Canada, playing a perfect "block-and-rescue" double act with TikTok, and what is even more surprising is that on the eve of taking office, the new US president and his wife successively issued cryptocurrency in their own names.
Before the last news focus has passed, Trump has already launched the next sensational focus. As Steve Bannon, his adviser during his first presidential term, said, as long as you are covered in flaws, others (the news media) will not be able to catch your flaws. (Bannon’s original words are: The real opposition is the media. And the way to deal with them is to flood the zone with shit.)
As early as the 2024 election, Trump frequently expressed his attitude towards the cryptocurrency field and "showed goodwill" to the currency circle, raising the expectations of virtual cryptocurrency investors for him.
For example, at the Bitcoin 2024 conference in July 2024, Trump made a series of eye-catching promises:
Let the United States become the first country to list Bitcoin as a strategic reserve asset, allowing the federal government to retain the approximately 210,000 Bitcoins currently held; fire the current SEC Chairman Gary Gensler, who is considered hostile to the cryptocurrency industry; establish a Presidential Advisory Committee on Bitcoin and Cryptocurrency, which will formulate U.S. cryptocurrency policy; encourage power plants to strengthen power supply for Bitcoin mining, and explore synergies between the encryption industry and the electric vehicle industry; etc.
A month later, on August 29, 2024, he said in a video: "This afternoon, I will announce my plan to ensure that the United States becomes the global capital of cryptocurrency."
At 21:00 local time on January 17, 2025, Trump announced on social media that he would release his own cryptocurrency $TRUMP (Trump Meme) on the Solana blockchain. According to public information, the number of $TRUMP tokens currently issued is 200 million, and an additional 800 million are planned to be issued in the next three years; 80% of the supply of this token is held by an entity called "Fight Fight Fight" jointly owned by Trump's company CIC Digital and CIC.
It is said that when Trump issued the currency this time, he was holding a reception party for cryptocurrency investors. With the help of this "right time and right place", the price of Trump's meme currency quickly skyrocketed dozens of times, causing his paper wealth to suddenly rise to the top of the world's richest list. Immediately afterwards, Trump’s wife Melania also issued her own official cryptocurrency $MELANIA, and there was even news that his youngest son also issued his own cryptocurrency.
According to bitcion.com News on the 20th, on January 20th, the value of Melania’s meme currency increased by nearly 40% in 24 hours. Data from Coingecko shows that the meme coin peaked at more than $13 before falling to about $10.60; trading volume surged from $1.33 billion on the 19th to $6.6 billion on the 20th. With a market capitalization of $1.54 billion, it ranks among the top 100 crypto assets.
In comparison, the Trump meme coin $TRUMP fell by more than 17% before his inauguration. However, its trading volume exceeded $47 billion, making it one of the most traded crypto assets on the 20th. On the same day, Trump Meme Coin broke into the top 20 crypto assets with a market capitalization of $11.1 billion.
The market capitalization and trading volume of Trump Meme Coin and Melania Meme Coin as of this writing. Digital currency trading platform Coinmarketcap
Although the author has analyzed Trump's possible preferential policies for the cryptocurrency industry, the act of a family personally issuing cryptocurrency is indeed beyond our poor imagination.
In particular, Trump had not officially taken office as president at the time of the issuance, and the domestic regulations on civil servants in the United States are likely not to apply to him; and other laws and regulations are not clear about the issuance of cryptocurrency by politicians who do not hold official positions. There is a high probability that Trump will successfully exploit the loopholes this time. Of course, Trump will basically control the legislative process in the United States in the next four years, and the share of cryptocurrency he controls (80%) can reportedly be unfrozen and sold in batches within three years. This timing design is probably not a coincidence.
So, what do Americans think of Trump issuing a personal cryptocurrency?
His opponents are naturally angry. On reddit forums on the left side of the political spectrum, comments such as "corruption", "fraud" and "cutting leeks" are everywhere. On the "True Social" social media platform where Trump supporters gather, in the comments under relevant posts, some supporters wanted to buy cryptocurrencies but were unable to do so due to various reasons. Some people lost money on Trump's social media company stocks and hoped that he could shift some of his attention to the stock prices of his social media companies.
On other Internet platforms (including the Chinese Internet), it is easy to search for various posts and screenshots about people who bought Trump’s personal cryptocurrency as soon as the market opened and became rich instantly. Coupled with the algorithm push mechanism of today’s platforms, it is easy for people to have a kind of anxiety that “the whole world has become rich, and I am the only one left behind.” A friend of the author also wanted to try to buy a few Trump meme coins over the weekend out of the mentality of being an internet celebrity. However, perhaps due to technical reasons, he was unable to complete the transaction. He could only miss out on the legendary overnight wealth.
But if we put aside speculative gossip such as the price fluctuations of Trump’s personal cryptocurrency, the Trump family’s issuance of cryptocurrency has indeed given cryptocurrency investors a clear signal of encouragement: In return for their election votes, many investors hope that Trump will give a green light to cryptocurrency in terms of U.S. laws and regulations soon after taking office, such as relaxing legal and regulatory restrictions on financial institutions’ purchase and holding of cryptocurrency, etc., to create greater investment market demand for cryptocurrency.
To some extent, the Trump phenomenon is a concrete manifestation of the confrontation between "new money" and "old money" in the United States. Just as the author once wrote an article analyzing U.S. government fiscal spending and Musk's Department of Government Efficiency (DOGE), the "new money" in the United States will not only challenge the market share of traditional military industry "old money" in defense spending, but the cryptocurrency industry and financial technology companies will also challenge the control of U.S. dollar assets by traditional large banks and investment banks.
This battle between “new money” and “old money” will not be decided just because Trump is elected. On the contrary, everyone's brutal competition for "cake distribution" has just begun with Trump taking office. Trump’s issuance of a personal cryptocurrency was the first time that he took a big piece of the cake and put it into his own bowl. I am afraid it also set a clear “example” for many future American politicians and officials within his government.
U.S. President Trump posted a message on social media on the evening of the 13th, saying that the U.S. military had launched a "violent air strike" on military targets on Khark Island, Iran's oil export hub.
In a telephone interview with a reporter from Fox News Channel on the 13th, U.S. President Trump said that the U.S. military will launch a "violent air strike" on Iran next week. He declined to discuss whether the United States was seeking to seize the Iranian oil export hub of Khark Island.
In the interview, Trump once again emphasized that Iran's military power has suffered serious losses, saying that it will take years to rebuild. He said that the US military is currently focusing on destroying Iranian missiles and drones and is destroying Iranian drone manufacturing factories.
Trump also said that the United States does not need Ukraine’s anti-drone technology help in defending against Iranian drones.
According to a recent disclosure by the American Axios news website, as the military operation against Iran continues, the United States is considering seizing Iran's Khark Island. The island, located in the Persian Gulf, is Iran's largest crude oil export base and is responsible for processing 90% of Iran's oil exports. In an interview with Fox on the 13th, Trump refused to answer relevant questions.
U.S. President Trump said when talking about the U.S. Navy providing escort for oil tankers passing through the Strait of Hormuz, "It will happen very soon."
Trump also said that the United States and Israel may have slightly different goals in Iran and that "the war will continue as long as necessary."
U.S. officials say the United States is sending more Marines and warships to the Middle East
According to information disclosed by U.S. officials on the 13th local time, as Iran continues to block the Strait of Hormuz, the Pentagon is dispatching more Marine Corps troops and warships to the Middle East.
Three U.S. officials disclosed that Defense Secretary Hegseth has approved a request from U.S. Central Command to dispatch an amphibious ready group and its attached Marine expeditionary force. The force usually consists of several warships and 5,000 Marines.
It is reported that the USS Tripoli amphibious assault ship stationed in Japan and its marines are heading to the Middle East. It is unclear whether this is part of the additional troop deployment mentioned above.
These officials also said that the US Marine Corps has previously provided support in military operations against Iran.
Boeing has been awarded a $289 million contract to supply up to 5,000 GBU-39/B Small Diameter Bombs (SDB I) to Israel through a Direct Commercial Sales (DCS) agreement. Under the contract, deliveries are expected to begin in about 36 months, reflecting the current production schedule for the precision-guided munition, Bloomberg News reported, citing people familiar with the deal.
The agreement provides new insights into the current unit price, production capabilities and international demand for the GBU-39/B platform, a widely used precision glide bomb designed for high-precision strikes and reduced collateral damage.
Contract Structure and Pricing
Unlike traditional U.S. government Foreign Military Sales (FMS), the deal is executed as a direct commercial sale between Boeing and Israel, allowing the manufacturer to negotiate directly with the customer.
According to the agreement, the unit price negotiated by Israel was approximately US$57,800 per bomb, and the total order value for 5,000 weapons was approximately US$289 million. The negotiated price was lower than the Air Force's estimated acquisition cost of approximately $67,000, illustrating the potential pricing differences between domestic procurement programs and direct commercial agreements.
The 36-month lead time associated with the Israeli order is broadly consistent with the Air Force's current procurement timeline for the system.
GBU-39/B Small Diameter Bomb Overview
The GBU-39/B, also known as the Small Diameter Bomb Increment I (SDB I), is a 250-pound precision-guided glide bomb designed to provide long-range strike capabilities while enabling the aircraft to carry more munitions per sortie.
The weapon uses Global Positioning System (GPS) guidance combined with an Inertial Navigation System (INS) to maintain accuracy during flight. Its design enables the aircraft to engage targets at a distance of more than 70 kilometers, depending on the release altitude and speed.
One of the system's key features is compatibility with the BRU-61/A pylon, which allows four SDBs to be installed in the space originally occupied by a 2,000-pound bomb. This configuration significantly increases the number of targets the aircraft can attack on a single mission.
The munition is designed for day and night all-weather operations and uses a low-yield penetrating warhead designed to limit collateral damage compared to larger conventional bombs.
Integration with Israeli aircraft
Israel has previously integrated the GBU-39/B onto several aircraft in its inventory. The munition is known to be compatible with Israeli Air Force F-15I, F-16I and F-35I fighter jets and is capable of precision strike missions against a wide range of targets.
The purchase represents at least the third confirmed Israeli purchase of the weapons system. Foreign military sales approved in 2008 included 1,000, with additional quantities delivered through U.S. military assistance programs in subsequent years.
The newly reported contract is separate from other recent U.S. military assistance or foreign military sales notifications involving other munitions.
Production Capacity and Manufacturing Expansion
The GBU-39/B production line has historically been sustained by international orders and foreign military sales, which has helped maintain continued manufacturing even during periods of lower internal U.S. procurement.
Prior to the recent increase in demand, the production line operated at a minimum sustainment rate (MSR) of approximately 750 bombs per year.
Boeing is now increasing production to at least 2,500 bombs per year to meet growing orders from the United States and international partners.
Despite the increase, the production rate of 2,500 pieces represents only about 25% of the production line's total capacity, indicating that there is still room for significant further expansion if future demand requires it.
U.S. Air Force Procurement Project
The recent surge in demand for small-diameter bombs is closely tied to large U.S. Air Force procurement programs.
In September 2024, the Air Force awarded Lot 20, a 10-year indefinite-delivery/indefinite-quantity (IDIQ) contract worth $6.9 billion covering the production and maintenance of SDB munitions.
While the contract was initially structured to exclude foreign participation, subsequent delivery orders incorporated Foreign Military Sales quotas for Bulgaria, Japan and Ukraine.
The Lot 21 production award, expected to be finalized in March 2026, is expected to include a 12-month lead time for initial deliveries to U.S. forces.
Industry tracking suggests that Lot 21 may also include thousands of additional bombs for international customers, possibly including Canada, Norway and South Korea.
Global use and purchasing
The GBU-39/B has been adopted by an increasing number of allied air forces as part of precision strike modernization programs.
In addition to the United States and Israel, operating countries or procurement partners include Saudi Arabia, Australia, Italy, the Netherlands, Japan and several NATO countries.
According to USAF program documents, total U.S. procurement volume for the SDB I Series program has historically exceeded 24,000 units, with continued support, modernization and international sales supporting the program.
delivery schedule
Specific details regarding delivery schedules, integration support or additional equipment related to the Israeli procurement have not been publicly disclosed.
The agreement's 36-month lead time reflects current production backlogs as Boeing expands production to meet growing demand from U.S. military programs and international customers.
The contract is separate from ongoing military operations or other U.S. support programs, according to people familiar with the deal.
What is BRC
BRC is the abbreviation of British Retail Consortium. BRC has specially developed a set of quality system audit standards for food suppliers. This set of standards includes assessment requirements for food suppliers' quality, safety and hygiene assurance capabilities. BRC's audit standards have been widely recognized by European food retailers, and are used by many European food retailers and purchasing groups as a threshold for supplier access. Therefore, passing the BRC audit has become an important condition for food manufacturers to sell their products into the European market. Since the BRC system was proposed in the 1990s, it has been continuously revised and improved and has now reached its seventh edition.
The BRC food safety system is also making great strides internationally. The International Confederation of Food Retailers (CIES), which has more than 200 supermarket groups around the world as members, launched GFSI - the "Global Food Safety Action Plan" last year. GFSI has recognized BRC as the standard recommended by the organization to its members. This certification, like the securities industry, evaluates the company's food safety and quality management system and determines the grade. For food companies, according to the inspection list, the number of problems found is determined, and the grade is obtained. Currently, there are grades of AA, A, B, C, and D.
BRC FOOD standard advantages
1. Standard operability, 2. Reasonable factory rating system, 3. Giving consumers confidence.
Encouraging enterprises to participate in surprise inspections "unannounced inspections" is a strong guarantee for testing the operational quality of an enterprise's food safety system. As human beings, we all have the root of laziness. We usually don’t work hard and just improvise. The same is true for companies' external inspections, which are usually relatively lax. Paying attention to hygiene before the inspection is back to Chairman Mao's famous saying: "It is easy for a person to do good deeds once in a while, but it is difficult to do good deeds all his life." Foreigners use the power of external inspection to solve this kind of inertia. You don’t know when you will be inspected, so you can only perform according to the standards honestly every day. However, as long as the factory can handle the surprise inspection, it generally has hard power in implementing standards, and in turn will convey confidence in its product safety to the outside world and win greater trust.
So, what does the factory produce? How many nonconformities are there and the factory is compliant? How to read a BRC report and learn information about a company thousands of miles away? Let's start with how to read the BRC report. The BRC report is divided into 3 parts:
1. Basic information of the factory This part
Just like a company's credit report, because it reflects the basic situation of the company at a specific point in time: name, address, contact person, production scope, company profile, audit level, etc., it tells you the framework and foundation of the company's food safety and quality management system. For this part of the content, the following three points should be noted:
First of all, we are concerned about the scope of factory certification and the level audit mode. Generally speaking, primary agricultural products require further processing and are less risky; ready-to-eat products are easy to spoil and are more risky. Of course, the higher the level, the better, that is, A is better than B, and surprise inspections are better than regular inspections.
Secondly, when did this company start to certify BRC food? Generally speaking, old companies are struggling in the market economy, and they always have some foundations in quality. Small companies have just grown up, and all aspects of regulations are imperfect. If the company written on the report has started BRC certification for a long time, such as more than three times, the product quality of this company is still guaranteed; if it is a new company and has just started certification, we cannot unilaterally think that the product quality of this company is not good. The specific content depends on the content at the end of the report, but in general, companies that have certified BRC for many years will be able to directly convey the reliability of some product quality than newly certified companies.
Finally, to see who the auditor is, consumers can request relevant information from the certification agency. Young auditors who have just started auditing are not so flexible in their grasp of standards. Although these auditors have experienced strict training and inspections by the BRC organization and audit institutions, they still have a long way to go. They need a period of tempering in product knowledge and factory categories. How to treat the reports of old auditors and new auditors? I have a mantra: There are old auditors and bold auditors at work, but there are no bold old auditors. For new auditors, the audit agency will have a strict control process. When consumers get the report written by the new auditor, they should trust him as a reference. However, it is still recommended that customers read their reports more. After all, no matter how strict the control is, there will inevitably be flaws. For experienced auditors, because they have seen many factories and written many reports, their risk assessment of factory products is more in line with the actual situation. Generally, they do not need to spend too much energy to read the reports they write, and just pay more attention to the results.
2. Check the non-conformities and their rectification status
This section tells us that the company issued several non-conformities regarding on-site documents, records, hardware, and personal hygiene within two days of the audit. The content in this section is not a snapshot of a precise point in time like the basic information about the factory. It reflects on-site findings during an audit period. For example, you are at a crime scene and notice someone stealing something. But in court, there is no physical evidence, only the testimony of witnesses. Of course, if you use your mobile phone to film the process of stealing something, you will have physical evidence. However, there is a due diligence requirement for reviewing this work, and you must keep the client confidential. Therefore, taking photos is not normally allowed during the audit process, so the auditor needs to be accompanied by someone during the audit process.
How to deal with these non-conformities? Some non-conformities are independent of the system, such as "senior management did not sign the quality manual", such as "the factory did not conduct a supplier traceability system investigation", etc. Although these non-conformities may be more problematic, they are an independent action and have little correlation with other content in the system. For these non-compliance items, readers can regard them as a point with little serial connection in the system. Its occurrence has little impact on other aspects of the system and does not have the upper-lower connection of the "iceberg model". However, some non-conformance items are systemic, such as "rat poop was found." This non-conformance item looks like a point, but it is actually a failure of the pest control system. If rat poop is found, it means that the control measures have not achieved results, which further shows that the limited analysis of the pest system does not meet the requirements. This further infers that the entire factory has insufficient training and insufficient attention to pest control, and then deduces whether other pest control measures have similar problems? More attention should be paid to such systematic non-conformities.
3. Detailed checklist section
TA records all aspects of the company's food safety and quality management system in detail, including the good and bad parts. The checklist ties the contents of Parts 1 and 2 together.
What are the basic contents of BRC’s audit standards?
1. Management commitment 2. HACCP system 3. Quality management system 4. Factory environmental standards 5. Product control 6. Process control 7. Personnel management and others.
This part is the bulk of the entire report and the most error-prone part. Due to the imperfect information recorded by the auditor during the pre- and post-inspection process, which we also call "audit bias", inconsistencies may occur. If readers read this part after getting this report, it is recommended that they read it in the order of the report, but what should they focus on? Pay attention to information such as time, numbers, frequency, etc. This information is the most prone to errors. If these areas are completely consistent and the derivation is consistent, this report will be an excellent report. But generally speaking, for companies, products from old and big brands are safer. Of course, a good audit report does not necessarily mean that the company produces good products, but learning to read the BRC FOOD audit report will make you more confident in a certain brand of food, such as milk and bread.
27 Years Later, Apple Still Retains System Update Servers For IBooks, Sparking Discussion2026-03-05Comments(1)
Can I Use Alipay For Online Shopping On Jingdong Mall? These Methods Can Be Implemented Indirectly2026-03-15Comments(0)
Female Solo Travelers Pursue Safety And Comfort, Like To Make Spontaneous Decisions, And AI Helps Make Quick Decisions2026-03-16Comments(0)