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City of Shells: Our Forgotten Oyster Reefs – Rediscovering the Past to Build a Thriving Future

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New Documentary Explores Hong Kong’s Forgotten Oyster Reefs and Their Role in Securing a Sustainable Future

HONG KONG, April 22, 2025 /PRNewswire/ — This Earth Day (April 22, 2025) marks the online launch of a groundbreaking documentary, City of Shells: Our Forgotten Oyster Reefs (香江遺礁), which sheds light on this lost marine habitat and the urgent efforts to restore it. Produced and directed by Mike Sakas, the film follows researchers, historical ecologists, and restoration scientists as they explore the vital role oyster reefs played in Hong Kong’s history and economy, highlighting why their restoration is crucial for the city’s environmental resilience and sustainability.

The Silent Disappearance of Oyster Reefs

Oyster reefs are one of the most endangered marine habitats on the planet, with over 85% lAost globally due to overharvesting, pollution, and urban development. Hong Kong is no exception—once home to extensive shellfish ecosystems, its reefs have been relentlessly dredged, mined for lime production, and buried under reclamation projects over the centuries.

Despite their critical role in cleaning water, providing habitats for marine life, and protecting coastlines from erosion, these ecosystems remain largely absent from marine conservation policies. Unlike coral reefs and mangroves, oyster reefs lack formal recognition and official protection. Without an increase in local conservation efforts, they risk complete disappearance in Hong Kong waters—along with the immense environmental benefits they provide.

“Even for well-known marine species, conservation is a challenge due to inadequate protection, weak enforcement, and coastal development. But for oyster reefs, the situation is even worse. Without any form of recognition, they are left out of conservation policies entirely. If this doesn’t change, these already degraded, vulnerable ecosystems will disappear completely—along with the vast benefits they provide for ocean health,” says Marine Thomas, Associate Director of Conservation, The Nature Conservancy Hong Kong (TNC), who is featured in the film.

Professor Bayden Russell, from the Swire Institute of Marine Science (SWIMS), The University of Hong Kong, says that society has forgotten the vast benefits that oyster reefs provide both nature and society.

“Oyster reefs are extraordinary! It’s globally recognised that they house amazing biodiversity of other species, they fuel productivity in marine ecosystems, and are powerhouses for filtering and cleaning coastal waters. But, sadly, oyster reefs across the Pearl River Delta were almost completely gone before living memory due to overharvesting and coastal development. Until we started looking deep into the history of the area, we didn’t even know that they existed here! Just think of all the benefits to the environment and human society that we’re missing – we need to get it back! We need restoration.” 

Inside the Documentary

City of Shells: Our Forgotten Oyster Reefs is the culmination of three years of filming, chronicling over seven years of ongoing research and conservation efforts to restore oyster reefs in Hong Kong and the Pearl River Delta. Through historical research and scientific exploration, the film reveals how oysters have shaped the region’s development — delving deeper into the socio-cultural ties between oysters and coastal communities, the lime industry that fueled early infrastructure across the region, and the thriving marine ecosystems that once flourished beneath its waters.

The film follows a team of researchers, restoration ecologists, citizen explorers, and marine scientists as they search for remnant reefs, using historical maps, ecological surveys, and underwater expeditions to piece together clues about where these lost habitats might still perdure. Their findings suggest that not all is lost, and if restoration efforts are implemented at scale, oyster reefs could flourish once more. And the prospect is enormous—by filtering millions of liters of water daily, providing essential habitats for marine species, and acting as natural coastal barriers against storms and erosion, these restored ecosystems would significantly enhance biodiversity and ocean health, bringing life back to our waters.

“Conservation is a rather young concept, and its genesis lies in a reaction to the observed loss of habitat. So, when we think about conservation, we tend to approach it with the intent of minimizing damage, and we rarely think about conservation as an opportunity for enhancing benefits. Restoration is an opportunity to enrich our environment and improve the health of systems in the region, with knock-on benefits to everyone who lives and works in the Pearl River Delta,” says Mike Sakas, producer and director of the film. “Oyster reefs fulfilled a fundamental role in both Hong Kong’s marine landscape and the city’s evolution, and yet today, they are virtually forgotten.”

“This film is not just about oysters—it is about rebalancing our relationship with the ocean,” Sakas continues. “Environmental restoration and human progress can coexist; they must coexist. We got here because of a rich environment, why would we think we could go forward without it? The good news is, in the case of our oyster reefs anyway, if we give them a chance, they have the potential to regenerate. With a nudge from us and a bit of care, these little creatures can get on with the work of restoring balance to marine environments and strengthening coastlines.”

But Sakas warns that action must be taken soon. “We are approaching the deadline for action. Without immediate restoration efforts, these ecosystems—and their immense environmental benefits—could be lost forever. Oysters certainly aren’t going to win mass adoption based on looks. But if we want to swim in clean water, take our kids fishing, and see more wildlife along the shores, then we need to get down to the business of caring for oysters. If we do, the natural features we love about Hong Kong will be even more magnificent. If we don’t, it will be our loss and our failure to future generations.”

TNC is honored to be featured in the documentary, contributing its expertise in marine conservation and restoration. Through its ongoing efforts, TNC strives to protect and restore oyster reefs as part of a broader mission to safeguard Hong Kong’s marine ecosystems for future generations.

The Asia premiere of City of Shells: Our Forgotten Oyster Reefs took place in Hong Kong on April 14, aiming to raise public awareness and increase support for oyster reefs as the Hong Kong government updates its Biodiversity Strategy Action Plan (BSAP) later this year. It was a wonderful evening celebrating the importance of oyster reefs.

In addition to the premiere, TNC, in collaboration with other featured organizations, including The Swire Institute of Marine Science (SWIMS) of The University of Hong Kong, and The Explorers Club HK, will host private screenings and public talks featuring the film’s scientists and conservationists. These events will provide insights into the ecological significance of oysters and discuss actionable solutions for protecting these vital habitats.

The full documentary is now available to the public online at www.cityofshells.com, inviting viewers in Hong Kong to learn more and take part in raising awareness for marine restoration.

This documentary was made possible through the support of Hermès Asia Pacific Limited and the dedicated efforts of numerous organizations, including The Nature Conservancy Hong Kong Foundation Limited, The Swire Institute of Marine Science, The University of Hong Kong, The Explorers Club Hong Kong, Streamline Media / TNC Australia, Airport Authority Hong Kong, Dr. Boze Hancock, Prof. Daniel Pauly, Deep Bay Oyster Cultivation Association, Edges Of Earth, Hong Kong Oyster Hatchery and Innovation Research Unit, Marine Ecology Enhancement Fund, Marine Futures Laboratory, Shelly McLeod, Charlie and Rex, Simon F.S. Li Marine Science Laboratory, The Chinese University of Hong Kong, South China Diving Club, Way Foong Charters, William Meacham, and William Sargent. Their collective contributions to research, restoration, and education continue to drive meaningful change in the conservation of oyster reefs.

For more information about the documentary or to learn how to support oyster reef restoration, visit www.cityofshells.com.

About Director Mike Sakas

Mike Sakas is a professional photographer and documentary maker who has devoted his career to documenting projects of social and environmental significance. His passion for adventure, conservation, and an insatiable curiosity underpins the narrative of City of Shells: our Forgotten Oyster Reefs and highlights the pressing issues facing our oyster reefs.

About The Nature Conservancy Hong Kong (TNC)

The Nature Conservancy (TNC) is the world’s leading international conservation non-profit organization dedicated to protecting natural places and preserving life on Earth for future generations since 1951. TNC follows a science-based conservation approach to create innovative solutions to global conservation challenges and enable nature and people to thrive together. We are currently addressing climate change at an unprecedented scale by protecting lands, waters, and oceans in sustainable ways, providing food and water resources, and helping cities become more sustainable.  Our projects span 81 countries and territories, using collaborative approaches with local communities, governments, private sector and others, to carry out various conservation projects and activities, including biodiversity conservation, forest conservation, marine conservation, climate change, and sustainable land use. TNC organizes various community projects and educational activities, aiming to promote public awareness and action towards environmental protection and sustainable development and to raise public awareness of natural environments and wildlife. TNC has been in Asia Pacific for almost 30 years with projects in Australia, China, Hong Kong (SAR), Indonesia, Mongolia, New Zealand, and the Pacific Islands. TNC was awarded the 2019 Lui Che Woo Prize – Prize for Sustainable Development. For more about TNC’s work, please visit: The Nature Conservancy (tnc.org.hk)

If you also care about environmental protection and wildlife conservation, please support TNC’s work, participate in our community projects and activities, and work together to protect the natural environment and wildlife, follow TNC Hong Kong’s social platforms for more environmental conservation information:

Facebook: TNC HK 大自然保護協會
Instagram: @tnc_hk 

About The Explorers Club Hong Kong

The Explorers Club is an international multidisciplinary professional society dedicated to the advancement of field research and the ideal that it is vital to preserve the instinct to explore. Since its inception in 1904, the Club has served as a meeting point and unifying force for explorers and scientists worldwide, and its members have been responsible for an illustrious series of famous firsts, including first to the North Pole, first to the South Pole, first to the summit of Mount Everest, first to the deepest point in the ocean, and first to the surface of the moon. The Explorers Club Hong Kong Chapter was established in 2013 to expand the Club’s mission in Asia, and to create a modern base of operations for staging more inclusive and innovating scientific expeditions in the region and beyond. Today the HK Chapter is home to over 60 of Hong Kong’s most intrepid explorers, conservationists and hardcore field scientists as well as Explorers Club members from all over the world who are drawn to its unique “Collaboration over Conquest” approach to exploration.

About The Swire Institute of Marine Science (The University of Hong Kong)

The Swire Institute of Marine Science (SWIMS) is one of the world’s leading marine research institutions. The research of SWIMS’ scientists is focused on the interaction of humanity and the ocean – SWIMS specialises in the study of coastal ecosystems, the shallow seas that hundreds of millions of people depend on for their livelihood. Using leading technology and novel, interdisciplinary methods, SWIMS studies the impact of human actions, such as climate change and pollution, on marine ecosystems and biodiversity, providing science-based solutions to conservation, restoration, and sustainable management of marine resources. Hong Kong’s maritime traditions and marine biodiversity are SWIMS’ local roots, but the impact is global. Since its foundation in 1990, SWIMS has trained hundreds of scientists from over 30 countries, who have gone on to play leading roles in marine research and conservation.

For photos download, please visit: LINK

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SOURCE The Nature Conservancy

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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