Zhong Guo Ji Jin Bao·2025-06-04 08:36Group 1: Company Performance - China Everbright Holdings experienced a surge of 10%, while Everbright Securities rose over 6% on June 4 [3] - The overall A-share market showed a rebound, with the Shanghai Composite Index increasing by 0.42%, the Shenzhen Component Index by 0.87%, and the ChiNext Index by 1.11% [11] Group 2: Market Trends - The stablecoin market is gaining momentum, highlighted by Circle's announcement to expand its IPO size, targeting a valuation of up to $7.2 billion [3] - Circle plans to issue 32 million shares at a price range of $27 to $28, aiming to raise up to $896 million, exceeding its previous plan of 24 million shares at $24 to $26 [3] - The interest in cryptocurrency enterprises is strong, with predictions of the stablecoin market potentially growing to between $500 billion and $750 billion in the coming years [6] Group 3: Financial Performance - Circle's primary revenue source, interest income from U.S. Treasury securities backing its USDC stablecoin, grew by 55.1% to $557.9 million for the quarter ending March 31 [4]