Core Insights - Bitget Wallet has launched a zero-fee USDC on-ramp in collaboration with Alchemy Pay, aimed at increasing access to digital dollars in emerging markets [2][4] - The initiative allows users to purchase USDC without transaction or network fees, utilizing familiar payment methods like Apple Pay and Google Pay [2][3] - This program is supported by Alchemy Pay's stablecoin subsidy program, funded in partnership with Coinbase, to enhance USDC accessibility in key growth markets [2][4] Group 1: Product Features - The zero-fee on-ramp is available across Asia Pacific, Latin America, and Africa, integrating various global payment channels including Mastercard and Visa [3] - Smaller-value purchases are settled instantly, providing a seamless experience for users who frequently engage in everyday transactions [3] - Bitget Wallet supports over 80 payment methods for buying and selling crypto in more than 100 markets, and allows USDC usage for gas fees on major blockchains [6] Group 2: Strategic Goals - Alchemy Pay aims to simplify the crypto experience and eliminate barriers to entry, promoting a more inclusive financial ecosystem [4] - Bitget Wallet emphasizes the importance of stablecoins for everyday financial needs and plans to expand localized fiat-to-stablecoin pathways to meet growing demand [5] - The wallet also offers yield-generating options for USDC, with annual rates of up to 10%, enhancing its appeal to users [6] Group 3: Company Background - Bitget Wallet serves over 80 million users, providing a comprehensive platform for buying, selling, trading, and spending crypto while ensuring fund security with a $700 million protection fund [8] - Alchemy Pay connects crypto with traditional fiat currencies, supporting fiat payments in 173 countries and offering various services like NFT Checkout and a Web3 Digital Bank [9]

Coinbase首席执行官Brian Armstrong表示，预测市场应由美国商品期货交易委员会(CFTC)监管，任何州 政府若声称相反，都是在阻碍美国人使用有助于提升自身竞争力的工具。上周，Coinbase曾就预测市场 监管问题起诉密歇根州、伊利诺伊州和康涅狄格州。 本文源自：金融界AI电报 ...

Core Insights - The SEC has shifted its approach towards the crypto industry, moving from "regulation by enforcement" to a more collaborative stance under the new administration, which is seen as a positive development for crypto firms [5][6]. Group 1: SEC Actions and Resolutions - The SEC has dismissed multiple lawsuits against major crypto companies, including Coinbase, OpenSea, and Robinhood, indicating a significant reduction in enforcement actions [8][10][11]. - Ripple Labs and the SEC officially dropped their appeals in August 2023, concluding a four-year lawsuit regarding the unregistered sale of securities with XRP, marking a pivotal moment in the regulatory landscape for crypto [4]. - The SEC voluntarily dropped an appeal related to decentralized finance (DeFi) applications, ensuring that DeFi protocols do not need to register as securities exchanges, which was hailed as a victory by industry advocates [7]. Group 2: Company-Specific Developments - Binance faced significant legal challenges, including settlements totaling $7 billion for alleged securities violations and money laundering, but recent developments suggest a potential resolution [1][2]. - Uniswap Labs and Gemini Trust both had investigations closed without any enforcement actions, reflecting a broader trend of the SEC backing away from aggressive regulatory stances [12][14]. - Yuga Labs announced the closure of an SEC investigation into its NFT offerings, which had been ongoing since 2022, marking a win for the NFT sector [18]. Group 3: Industry Implications - The SEC's recent decisions are seen as a move towards fostering innovation within the crypto space, allowing companies to focus on development rather than legal battles [5][31]. - The closure of investigations into various firms, including Immutable and Ondo Finance, suggests a growing recognition of the need for regulatory clarity in the rapidly evolving crypto landscape [24][32].

（来源：吴说） 作者：Stacy Muur编译：深潮TechFlow 链接：https://www.techflowpost.com/article/detail_29503.html 声明：本文为转载内容，读者可通过原文链接获得更多信息。如作者对转载形式有任何异议，请联系我们，我们将按照作者要求进行修改。转载仅用于信息 分享，不构成任何投资建议，不代表吴说观点与立场。 在 2026 年，代币销售分析成为我工作的重要支柱之一。去年，我推出了 Muur Score——一个用于评估代币生成事件（TGE）前阶段协议的框架，并发布了 对2025年最大几场销售的深入分析，包括 Flying Tulip、YieldBasis、Almanak、Lombard、Falcon 等。 到2025年10月中旬，代币销售的趋势已经非常明显。在 @buidlpad、@echodotxyz、@legiondotcc、@MetaDAOProject、@BinanceWallet、@CoinList 和 @MEXC_Official 上进行的发行，无论是在参与度还是在 TGE 后的投资回报率（ROI）方面，都持续表现强劲。尽管零售市场的关注 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The report highlights ongoing trends in the AI industry, with companies like MiniMax and Zhiyu AI passing hearings, indicating a strong interest in AI investments [2] - The education sector is experiencing slight pressure, with increased competition among small and medium institutions, while leading companies like Alpha are stabilizing [4] - The coffee and tea beverage industry maintains high enthusiasm, with brands actively opening new stores despite seasonal fluctuations [4] - E-commerce is under pressure due to the domestic consumption environment, with online retail sales for physical goods reaching 11.82 trillion yuan, a 5.7% increase year-on-year [4] - Music streaming platforms are seen as quality internet assets driven by domestic demand, suggesting continued investment interest [4] - The automotive service sector is witnessing a decline in sales for traditional luxury brands, while domestic luxury and new force brands are experiencing growth [4] - The internet medical sector is expanding, with companies like JD Health and Ant Group's AI health application gaining traction [4] - Concerns remain regarding the sustainability of capital expenditure and returns in the AI industry, but there is optimism about the long-term trends [4] Summary by Sections 1.1 Consumer & Internet - The non-essential consumption index fell by 2.98%, with notable stock performances from companies like HuShang Auntie (+4.27%) and Luckin Coffee (-3.62%) [9] - E-commerce index decreased by 2.86%, with Pinduoduo's stock rising by 24.51% while Alibaba's stock fell by 5.71% [13] 1.2 Platform & Technology - The media index dropped by 2.23%, with Netflix and Tencent Music experiencing slight declines [19] - The virtual asset market saw a decrease in total cryptocurrency market value to $296.84 billion, with Bitcoin and Ethereum prices falling by 2.4% and 3.5% respectively [25] - The automotive service sector's index fell by 1.21%, with significant declines in stocks like Advance Auto Parts (-12.87%) [34] 1.3 Media - The media index decreased by 0.1763%, with Perfect World (+10.68%) and Giant Network (+8.97%) showing positive performance [50] - The report emphasizes the importance of new game releases and innovations in the gaming sector, with a projected revenue of 350.79 billion yuan for the domestic gaming market by 2025 [4]

Financial Stocks Overview - Five financial stocks to watch include JPMorgan Chase & Co., American Noble Gas, Robinhood Markets, Visa, and Coinbase Global, as identified by MarketBeat's stock screener tool [2] - Financial stocks represent companies in the financial sector, including banks, insurance companies, and asset managers, providing exposure to interest-rate sensitivity, credit and liquidity risks, and economic cycles [2] JPMorgan Chase & Co. (JPM) - JPMorgan Chase & Co. is a financial holding company that provides financial and investment banking services, focusing on investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management [3] American Noble Gas (INFY) - Infosys Ltd. is a digital services and consulting company offering end-to-end business solutions across various segments, including Financial Services, Retail, and Manufacturing [4] Robinhood Markets (HOOD) - Robinhood Markets, Inc. operates a financial services platform in the U.S., allowing users to invest in stocks, ETFs, options, and cryptocurrencies, and offers features like fractional trading and margin investing [4] Visa Inc. (V) - Visa Inc. operates as a payment technology company, managing VisaNet for transaction processing and offering a range of services including credit and debit card products, fraud mitigation, and cross-border payment solutions [5] Coinbase Global (COIN) - Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy, offering a primary financial account for consumers and a marketplace for institutions to transact in crypto assets [6]

According to Fortune, Swedish BNPL giant Klarna has partnered with Coinbase to accept capital from institutional investors in the form of stablecoins. Klarna’s CFO said stablecoins open access to an entirely new class of institutional funding.https://t.co/NL3bMIUjND ...

据 Fortune，瑞典 "先买后付"（BNPL）巨头 Klarna 宣布与 Coinbase 达成合作，将通过该平台接受机构 投资者以稳定币形式提供资金。Klarna CFO 表示，稳定币为公司连接到全新的机构资金来源。过去多 年 Klarna 一直谨慎对待加密领域，但今年动作频频：11 月底推出自有稳定币 KlarnaUSD，随后与钱包 开发商 Privy 合作探索更多加密产品。 （来源：吴说） ...

Like stablecoins in 2020. https://t.co/mwE8VrTBBkBrian Armstrong (@brian_armstrong):Stocks on Coinbase is a big unlock, and it’s also only the first step.The global equities market is ~25x larger than crypto. It’s also built on old rails, and significantly less efficient.This is also an important milestone toward enabling tokenized equities you can trade ...

Tesla Trade - Ark Invest sold 23,110 shares of Tesla through its ARK Innovation ETF, valued at approximately $11.2 million, amid a stock pullback after reaching all-time highs earlier in the week [2] - Tesla's stock closed at $483.37 on Thursday, marking a 3.45% increase, indicating ongoing market interest despite Ark's adjustments [3] Coinbase Trade - Ark Invest purchased 17,386 shares of Coinbase across multiple ETFs, valued at approximately $4.15 million, aligning with Coinbase's announcement of launching traditional stock trading [4] - Coinbase's new offering includes commission-free U.S. stock trading with 24-hour access five days a week, aiming to diversify revenue and reduce dependence on volatile crypto trading cycles [5] Brera Holdings Trade - Ark Invest increased its stake in Brera Holdings by purchasing 575,644 shares through its ETFs, valued at approximately $1.4 million, following the company's strategic initiatives [6] - Brera Holdings' stock saw a modest rise of 0.84%, closing at $2.39, reflecting positive market sentiment after its treasury strategy led to a notable stock rally [6]