News Heat Trend
Project Overview
$PENG is a cute little penguin born on the Solana blockchain. People think he looks like PEPE the frog, however he is just a penguin.
Fu Peng: BTC perpetual contracts usher in the “rental asset” era; the commodity ETF logic applies equally to Bitcoin.
Fu Peng, Chief Economist of Xinhuo Group, posted on X stating that commodity ETFs are essentially regulatory-compliant products packaging the business model of “holding commodities long-term and generating rental income continuously.” Fund companies focus not on the commodity market’s outlook but rather on the asset’s ability to generate “rent” consistently. Since BitMEX launched the world’s first BTC perpetual contract and introduced the funding rate mechanism on May 13, 2016, long-term BTC holders have been able to earn rental income through hedging operations—transforming BTC from a pure faith-based speculative asset into a “rental asset” with stable positive cash flow logic. The costs paid by retail participants when trading derivatives constitute the foundation for large-position holders’ risk-free hedging rental income. This income is then packaged into ETF-like products sold to liquidity providers (LPs), whose raised capital is subsequently used to purchase Bitcoin—creating a virtuous cycle that reduces volatility and reinforces BTC’s income-generating attributes.
Citadel Securities President States: Company May Enter Prediction Markets, Focusing on Geopolitical Hedging Rather Than Sports Events
According to The Block, Jim Esposito, President of Citadel Securities, stated on Thursday at the Semafor World Economic Forum in Washington, D.C., that the firm is “fully capable” of providing liquidity to prediction markets—but explicitly expressed no interest in sports-event contracts. Instead, he emphasized the value of prediction markets for hedging geopolitical risks, citing the U.S. midterm elections this November as “one of the greatest risks facing investors’ portfolios.” Esposito noted that as platforms like Kalshi and Polymarket continue to grow rapidly, the prediction market is poised for sustained expansion—naturally drawing Citadel Securities into the space. Notably, Zhao Peng, CEO of Citadel Securities, participated last year in Kalshi’s $185 million funding round.
Related news
Caixin: Peng Jing, Partner at a Chongqing Law Firm, Goes Missing; Possibly Linked to Money Laundering Case Involving 30.8 Million USDT and Mayor Hu Henghua
According to Caixin, multiple independent sources confirmed to Caixin that the founding partner and director of a Chongqing-based law firm was recently taken away by relevant authorities. The lawyer in question is Peng Jing, founding partner and director of Chongqing Jing Sheng Law Firm. It is speculated externally that she is intricately linked to the aforementioned high-ranking officials who have fallen from grace. According to analysis by insiders, lawyers are typically not taken into custody by the Central Commission for Discipline Inspection (CCDI); “Peng Jing’s network is exceptionally extensive, and her case implicates numerous individuals.” On March 20, 2026, Hu Henghua, Mayor of Chongqing, was announced to be under investigation; on April 17, Luo Lin, member of the Chongqing Municipal Party Committee Standing Committee and Secretary of the Liangjiang New Area Party Working Committee, was also publicly announced to be under investigation. According to information circulating among Chongqing’s political and business circles, Hu Henghua and Luo Lin’s downfalls are related to accepting bribes and money laundering via stablecoins—and “Peng Jing may be a key figure in this scheme, laundering money under the guise of collecting legal fees.” According to insiders, in Hu Henghua’s case, Lin Xiucheng’s son-in-law Lin Kechuang transferred 30.8 million USDT (approximately RMB 210 million, including RMB 10 million in exchange fees) to Hu Henghua. After Hu Henghua was placed under investigation, his cold wallet was seized, and authorities subsequently traced the fund flows from six additional cold wallets held by Lin Kechuang. One such transfer—15.5 million USDT sent simultaneously with Hu Henghua’s transaction—was reportedly transferred to Luo Lin, according to Lin Kechuang. Luo Lin was taken into custody by relevant authorities on April 14, 2026, and his residence was searched on the evening of April 15—but the cold wallet was not found. Later, authorities located Luo Lin’s cold wallet at a third party’s residence.
Fu Peng: BTC perpetual contracts usher in the “rental asset” era; the commodity ETF logic applies equally to Bitcoin.
Fu Peng, Chief Economist of Xinhuo Group, posted on X stating that commodity ETFs are essentially regulatory-compliant products packaging the business model of “holding commodities long-term and generating rental income continuously.” Fund companies focus not on the commodity market’s outlook but rather on the asset’s ability to generate “rent” consistently. Since BitMEX launched the world’s first BTC perpetual contract and introduced the funding rate mechanism on May 13, 2016, long-term BTC holders have been able to earn rental income through hedging operations—transforming BTC from a pure faith-based speculative asset into a “rental asset” with stable positive cash flow logic. The costs paid by retail participants when trading derivatives constitute the foundation for large-position holders’ risk-free hedging rental income. This income is then packaged into ETF-like products sold to liquidity providers (LPs), whose raised capital is subsequently used to purchase Bitcoin—creating a virtuous cycle that reduces volatility and reinforces BTC’s income-generating attributes.
Fu Peng: Traditional financial institutions will accelerate their entry into the crypto market, and stablecoin payments and Bitcoin financialization will usher in a new chapter.
Fu Peng, Chief Economist of Xinhuo Group, delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit. He stated that the integration of traditional financial institutions with the crypto asset market will herald a new era for the market—and those truly poised to shape the future are the participants who swiftly transform themselves at critical inflection points. Citing the concurrent rise of the Cold War, the oil crisis, and breakthroughs in computing and semiconductor technologies during the 1970s and 1980s, Fu Peng pointed out that technological advancement and global systemic turbulence often unfold in parallel—risk and opportunity have always coexisted. He believes that AI and data computing power are now widely recognized as the core productive forces of the next era, signaling that the “first half” of the crypto industry has essentially concluded, and the sector is now entering a pivotal phase of restructuring and rebirth. Looking ahead, Fu Peng forecasts that stablecoins will assume payment functions, while Bitcoin will evolve into a core asset combining both value storage and financialized trading attributes—ushering in an entirely new chapter of the industry.
Fu Peng Joins Hong Kong Listed Company New Huo Group as Chief Economist
Odaily News: Fu Peng, former Chief Economist of Northeast Securities, has recently officially joined Hong Kong-listed company New Huo Group as its Chief Economist. New Huo Group has confirmed the news.
Fu Peng Joins Hong Kong–Listed Xinhuo Group as Chief Economist
According to a report by Tencent News’ “Frontline” column, Fu Peng, former Chief Economist of Northeast Securities, has officially joined the Hong Kong-listed company Xinhuo Group (1611.HK) as its Chief Economist. Xinhuo Group has confirmed this appointment. Fu Peng stated that, following his move to Xinhuo Group, he will primarily focus on integrating FICC (Fixed Income, Currencies, and Commodities) with cryptocurrency businesses, leading macroeconomic research and providing investment strategy analysis for institutional clients. Xinhuo Group was formerly known as Huobi Technology and has since transformed into a private-banking-level digital asset custodial service provider. Li Lin, Huobi’s co-founder, is its sole largest shareholder, holding 29.82% of shares. Fu Peng served as Chief Economist at Northeast Securities starting in 2020 and departed from the firm on April 30, 2025.
Citadel Securities President States: Company May Enter Prediction Markets, Focusing on Geopolitical Hedging Rather Than Sports Events
According to The Block, Jim Esposito, President of Citadel Securities, stated on Thursday at the Semafor World Economic Forum in Washington, D.C., that the firm is “fully capable” of providing liquidity to prediction markets—but explicitly expressed no interest in sports-event contracts. Instead, he emphasized the value of prediction markets for hedging geopolitical risks, citing the U.S. midterm elections this November as “one of the greatest risks facing investors’ portfolios.” Esposito noted that as platforms like Kalshi and Polymarket continue to grow rapidly, the prediction market is poised for sustained expansion—naturally drawing Citadel Securities into the space. Notably, Zhao Peng, CEO of Citadel Securities, participated last year in Kalshi’s $185 million funding round.