Coinbase(US:COIN) Jin Shi Shu Ju·2025-07-14 03:14Group 1: Stablecoin Developments - Over 50 companies are interested in applying for stablecoin licenses in Hong Kong, with half being payment institutions and the other half well-known internet companies, mostly with Chinese backgrounds. The initial phase is expected to issue only 3 to 4 licenses, primarily pegged to the Hong Kong dollar and US dollar [1] Group 2: Virtual Asset Trading Services - Harfu Securities, a subsidiary of Dongfang Caifu, has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services through a comprehensive account arrangement [2] Group 3: Bitcoin Market Sentiment - Analysts indicate that the Bitcoin market has not yet reached an extremely optimistic state, but this could change soon. Market sentiment and trading activity show cautious optimism among participants regarding Bitcoin's future [3] Group 4: Regulatory Actions and Legal Issues - Coinbase has filed a lawsuit against Oregon state officials, demanding the disclosure of public records related to sudden changes in cryptocurrency regulation that classify digital assets as regulated securities without public participation [4] - SEC Commissioner Hester Peirce stated that certain token issuers need to engage in dialogue with the SEC, emphasizing that tokenized securities must comply with existing securities regulations [5] Group 5: Bitcoin Options Market - Bitcoin options data shows that traders are targeting higher price ranges, with open interest for options expiring in September and December reaching strike prices of $140,000 and $150,000, reflecting strong bullish sentiment in the market [6] Group 6: Macroeconomic Influences on Bitcoin - A report from 10x Research suggests that Bitcoin's recent all-time high is driven by deeper macroeconomic changes rather than market speculation, including increased US debt and significant fiscal spending [7] Group 7: Election Security and Blockchain - Experts warn that the US election system still lacks critical encryption security measures, suggesting improvements through software upgrades to enhance voting machine security [9] Group 8: ETF Market Performance - BlackRock's IBIT ETF has become the fastest ETF to surpass $80 billion in assets under management, achieving this milestone in just 374 days, significantly quicker than the previous record [10] Group 9: Ethereum's Competitive Landscape - The CEO of Bitwise stated that Ethereum's true competitors are Web 2.0 and traditional financial services, rather than Bitcoin, highlighting the diversity of opportunities across different blockchains [11] Group 10: Stablecoin Risks and Recommendations - The Governor of the Bank of England warned about the systemic risks posed by privately issued stablecoins and suggested focusing on deposit tokenization instead of launching central bank digital currencies [12] Group 11: Blockchain Technology in Payments - Lianlian Digital plans to raise approximately HKD 394 million for the application of blockchain technology in the payment sector, indicating a focus on innovation and global business expansion [13]