Shares of Coinbase Global rose Monday as bitcoin hovered near highs and Congress prepared to take on a number of cryptocurrency matters in the coming days. https://t.co/ySGrgjvwuV ...

Group 1 - The market is experiencing index differentiation due to sector rotation, with ongoing upward momentum in the market [1][13] - The U.S. stock market closed higher, with the Dow Jones up 0.20%, Nasdaq up 0.27%, and S&P 500 up 0.14% [4] - The communication sector led gains, while the energy sector saw the largest decline [4] Group 2 - Autodesk shares rose by 5.1% after reports that the company will no longer seek to acquire PTC, which saw its stock drop by 1.8% [4] - Bitcoin surpassed $120,000 for the first time, boosting the cryptocurrency sector, with Coinbase up 1.8% and MicroStrategy up 3.8% [4] - The Nasdaq Golden Dragon China Index increased by 0.7%, with Bilibili up 4.2% and Alibaba and NetEase rising over 1% [4] Group 3 - China’s central bank announced a 14 billion yuan reverse repurchase operation to maintain liquidity in the banking system [5] - The People's Bank of China is focusing on structural monetary policy tools to support technology innovation and consumption [5] - The Green Finance Support Project Directory (2025 version) was issued to enhance liquidity in the green finance market [6] Group 4 - China Salt Chemical reported a 26.51% decrease in total operating revenue for the first half of 2025, with a net profit of 441 million yuan, down 42.24% year-on-year [8] - CICC expects a net profit increase of 55% to 78% for the first half of 2025, projecting a profit of 34.53 billion to 39.66 billion yuan [9] - Sanyuan Group anticipates a significant net profit increase of 810.41% to 1265.61% for the first half of 2025 [10] Group 5 - Vanke A expects a net loss of 10 billion to 12 billion yuan for the first half of 2025, primarily due to declining project settlement scale and low gross margins [11] - Yonghui Supermarket forecasts a net loss of 240 million yuan for the first half of 2025, impacted by store closures and supply chain reforms [12] - Jinpu Titanium Industry plans to acquire 100% of Nanjing Lide Oriental Rubber and Plastic Technology Co., with stock resuming trading after a suspension [13]

Market Trends - Coinbase stock hits record high alongside Bitcoin [1] - Analysts highlight 'growth runway' for Coinbase [1]

Coinbase, Robinhood, MicroStrategy, circle all ending firmly in the green. So what are all these moves signaling for the crypto space. But also what do they signal for the broader market.Steve, you've been on this bandwagon for a long time now. >> Yeah. So obviously it's the this is the most crypto friendly administration that and it's in its infancy.If you look at it if you pull it back a little bit. So we have the genius act. We have the Clarity Act.If you look at the old SEC, they ran through enforcement ...

Coinbase hits $100 billion market cap for first time as bitcoin notches fresh all-time highs https://t.co/wwTHsIVSev ...

Core Insights - Bitcoin has experienced a significant price increase, reaching an all-time high of $123,000, representing a 430x increase over the past decade and an annualized return of 83% [2] - The momentum for Bitcoin is expected to continue into 2026 due to several factors, including its scarcity, the approval of Bitcoin ETFs, upcoming regulatory frameworks, low public interest, and technical price targets [2][5][6][8][9] Group 1: Bitcoin's Value Proposition - Bitcoin is considered "Digital Gold" due to its scarcity, with a maximum supply of 21 million coins, contrasting with fiat currencies that can be printed without limit [2] - The depreciation of fiat currencies, exacerbated by massive spending bills, drives investors towards Bitcoin as a hedge against inflation [2] Group 2: Market Accessibility - The approval of Bitcoin ETFs has broadened access for investors, with BlackRock's iShares Bitcoin ETF becoming the most successful ETF launch in history and ranking among the top 20 ETFs in the U.S. [5] - Traditional brokerage firms are now offering crypto trading products, further increasing accessibility for retail investors [5] Group 3: Regulatory Developments - Upcoming legislation, including the 'GENIUS Act' and the 'CLARITY Act,' aims to establish a regulatory framework for digital assets, which could attract more institutional investors to the market [6] Group 4: Market Sentiment - Despite Bitcoin reaching new highs, public interest is at multi-year lows, indicating a contrarian investment opportunity [8] - Technical analysis suggests a potential price target of $150,000 for Bitcoin by early 2026, indicating ongoing bullish sentiment among market technicians [9][11]

Crypto & Finance - Crypto 可能彻底改变无银行账户人群的金融服务，并赋能全球消费者 [1] - 人工智能诈骗的威胁日益增加，需要警惕 [1] - Warrior Money 是一个每周播客，致力于提升退伍军人向平民生活的过渡，通过金融教育和启发帮助退伍军人取得成功 [1] Career & Tech - 为希望进入科技和网络安全领域的退伍军人提供实际的防欺诈技巧和职业建议 [1] - Philip Martin 将 Coinbase (COIN) 打造成一个价值数十亿美元的全球数字资产堡垒 [1] Yahoo Finance - Yahoo Finance 提供免费的股票代码数据、最新的新闻、投资组合管理资源、全面的市场数据和高级工具，以帮助管理财务生活 [1] - 用户可以在 Apple 或 Android 上下载 Yahoo Finance 应用程序 [1] - Yahoo Finance 在多个社交媒体平台（如 X、Instagram、TikTok、Facebook 和 LinkedIn）上提供服务 [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies Core Insights - The Hong Kong Stablecoin Ordinance will take effect on August 1, 2024, with initial licenses expected to be limited to a single-digit number, focusing on applicants' reserve management, compliance, and technical security [1][34] - The regulatory framework for virtual assets in Hong Kong includes various license types, such as VATP licenses for trading platforms and specific licenses for stablecoin issuers, with stringent requirements [2][35] - The stablecoin supply chain is categorized into upstream (infrastructure), midstream (issuers and distributors), and downstream (application scenarios), highlighting the ecosystem's complexity and interdependencies [3][12][13] Summary by Sections 1. Hong Kong Virtual Asset Regulatory Framework - Different types of licenses are required for various players in the virtual asset space, including VATP licenses for trading platforms and upgraded licenses for existing SFC licensees [2][11] - The entry threshold for stablecoin issuers includes a paid-up capital of at least HK$25 million and compliance with quarterly audits and reserve asset regulations [10][28] 2. Stablecoin Supply Chain - The stablecoin supply chain is divided into three segments: upstream (infrastructure), midstream (issuers and distributors), and downstream (application scenarios) [3][12] - Key players in the midstream include issuers like Circle and Tether, and distributors such as licensed trading platforms and brokers [12][13] 3. Stablecoin Issuance Process - The stablecoin issuance process involves several steps, including user exchange initiation, fund custody, reserve management, and issuance of stablecoins [4][20] - Issuers maintain a 1:1 reserve mechanism to ensure stablecoin value is pegged to fiat currencies, with reserves diversified into cash and low-risk assets [19][20] 4. Profitability Models - Stablecoin issuers generate revenue primarily from interest on reserve assets, while distributors earn from transaction fees and other services [5][23] - The report highlights the clear profitability paths for stablecoin issuers and distributors, emphasizing their potential for resource integration across the supply chain [5][23] 5. Comparison with Mainland China - The report outlines the stablecoin landscape in Hong Kong and mainland China, identifying key participants and their roles within the ecosystem [14][15] - Notable players include custodians, issuers, and distributors, with a focus on the regulatory sandbox initiatives in Hong Kong [16][30] 6. Impact on Traditional Payment Systems - The emergence of stablecoins is expected to disrupt traditional payment models, offering new opportunities for payment service providers to expand their services [31] - Stablecoins may enable payment processors to access diverse payment scenarios and enhance their offerings through technology integration [31]

Czech central bank buys $18 million in Coinbase stock in Q2, expanding crypto exposure https://t.co/GIaGkJ4oRx ...

1. 香港逾50家公司有意申请稳定币牌照 据香港01报道，随着《稳定币条例》将于8月1日正式实施，目前已有50至60家公司有意申请香港稳定币 牌照，其中一半为支付机构，另一半为知名互联网公司，大部分具中资背景。业界预计首阶段将仅发出 3至4个牌照，初期稳定币主要挂钩港元和美元。 2. 东方财富：哈富证券获香港证监会批准提供虚拟资产交易服务 7. 10x Research：BTC再创新高并非由市场炒作驱动，而是源于更深层的宏观经济变化 10xResearch最新报告指出，比特币近期创历史新高并非由市场炒作驱动，而是源于更深层的宏观经济 变化。美国5万亿美元债务上限提高、巨额赤字支出以及特朗普工作组即将发布的加密政策报告，正共 同重塑宏观格局。报告认为，比特币已转变为对冲无节制财政支出的宏观资产，其叙事逻辑发生根本转 变。7月22日和30日FOMC会议可能成为重新定义比特币在金融体系中角色的关键催化剂。数据显示，7 月季节性因素、看涨期权买入激增及空头清算潮共同推动了本轮上涨。 东方财富在互动平台表示，旗下哈富证券持有第1类（证券交易）、第4类（就证券提供意见）、第7类 （提供自动化交易服务）和第9类（提供资产管 ...