Tebon Securities·2025-06-09 09:44Investment Strategy - The report highlights the recent updates in stablecoin policies in the US and Hong Kong, indicating a shift towards the formalization of cryptocurrencies, which may lead to increased adoption of stablecoins [10][11] - The global issuance of stablecoins has surpassed $240 billion as of May 3, 2025, suggesting that stablecoins are becoming a significant part of the cryptocurrency ecosystem [11] - The report emphasizes the growing demand for AI applications, with ChatGPT achieving 620 million monthly active users as of May 2025, surpassing traditional social media platforms [12][13] Industry News - The "Stablecoin Regulation" in Hong Kong will officially take effect on August 1, 2025, establishing a licensing system for stablecoin activities, which is expected to accelerate the compliance and formalization of stable currencies [14] - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to establish a comprehensive standard and rule system for computing power interconnection by 2026 [15][16] - China Mobile has announced the winners of its centralized procurement for AI general computing devices, with a total estimated procurement scale of 7,058 units, indicating ongoing investment in AI infrastructure [17] Market Review and Focus - The communication sector saw a 5.06% increase this week, outperforming major indices, with significant gains in optical modules and optical communication [19][20] - The report suggests focusing on investment opportunities in the digital currency and computing power sectors, highlighting companies such as Chutianlong and Hengbao [23]