1月16日，在全球不确定性迷雾笼罩下，贵金属市场展现出惊人的爆发力，金丰来观察到金银价格正双 双刷新历史维度。1月14日周三，黄金价格一举突破 4643 美元大关，而白银亦步步紧随，飙升至 93.45 美元的巅峰水位。在这一波如火如荼的牛市背后，地缘局势的剑拔弩张、美联储利率政策的摇摆，以及 美国内部政治博弈的纷扰，正共同编织出一张强大的避险网。虽然黄金的避险魅力正值巅峰，但金丰来 认为，投资者需警惕通胀超预期受控或市场情绪突变引发的高位获利盘回吐压力。 从具体的金价技术分析来看，黄金已正式开启新一轮加速升浪。金丰来表示，目前市场风险情绪已成为 金价上行的主动能，后市需重点追踪美国零售销售及 PPI 数据，以厘清美联储的降息路径。技术面上， 黄金 4 小时图呈现完美的看涨排列，20 周期、100 周期及 200 周期 SMA 均线呈多头扩散状，其中 20 周期 SMA 在 4548 美元处构成关键的短期支撑。金丰来认为，只要金价维持在 4424 美元这一牛熊分界 线上方，当前的牛市结构便难言终结。 1月16日，在全球不确定性迷雾笼罩下，贵金属市场展现出惊人的爆发力，金丰来观察到金银价格正双 双刷新历史维度。1 ...

德林控股(01709)高开近15%，截至发稿，涨14.98%，报2.38港元，成交额972.47万港元。 据悉，在4号牌升级后，德林证券将可为专业投资者提供涵盖数字资产的合规投资咨询服务，包括就数 字资产的投资策略、资产配置及风险管理提供专业意见；为集团旗下已启动或规划中的RWA（真实世 界资产）通证化项目提供结构分析、估值咨询与投资建议；并结合集团在算力、数字资产投资及科技金 融生态的布局，为客户提供跨市场、跨资产类别的综合财富管理方案。 消息面上，德林控股旗下德林证券（香港）有限公司（德林证券）宣布，已于1月15日获香港证券及期 货事务监察委员会有条件批准升级其第4类受规管活动（就证券提供意见）牌照，新增数字资产咨询服 务资格。德林证券于当天接纳证监会就该牌照升级所施加的相关条件，标志着公司正式成为香港少数同 时具备传统证券业务、数字资产交易及数字资产咨询全牌照的金融机构之一。 ...

智通财经APP获悉，德林控股(01709)高开近15%，截至发稿，涨14.98%，报2.38港元，成交额972.47万 港元。 消息面上，德林控股旗下德林证券（香港）有限公司（德林证券）宣布，已于1月15日获香港证券及期 货事务监察委员会有条件批准升级其第4类受规管活动（就证券提供意见）牌照，新增数字资产咨询服 务资格。德林证券于当天接纳证监会就该牌照升级所施加的相关条件，标志着公司正式成为香港少数同 时具备传统证券业务、数字资产交易及数字资产咨询全牌照的金融机构之一。 据悉，在4号牌升级后，德林证券将可为专业投资者提供涵盖数字资产的合规投资咨询服务，包括就数 字资产的投资策略、资产配置及风险管理提供专业意见；为集团旗下已启动或规划中的RWA（真实世 界资产）通证化项目提供结构分析、估值咨询与投资建议；并结合集团在算力、数字资产投资及科技金 融生态的布局，为客户提供跨市场、跨资产类别的综合财富管理方案。 ...

1月15日，全球货币政策的转向正在为数字资产开启新的溢价空间。FPG财盛国际表示，尽管比特币在 去年的表现中相对滞后于黄金与纳斯达克指数，但随着 2026 年美元流动性进入扩张周期，这一资产类 别的上涨动能正被重新激活。FPG财盛国际认为，比特币作为一种"货币技术"属性极强的资产，其价格 表现与全球流动性的宽裕程度有着高度的正相关性，而当前的宏观环境正为这种相关性的爆发提供温 床。 1月15日，全球货币政策的转向正在为数字资产开启新的溢价空间。FPG财盛国际表示，尽管比特币在 去年的表现中相对滞后于黄金与纳斯达克指数，但随着 2026 年美元流动性进入扩张周期，这一资产类 别的上涨动能正被重新激活。FPG财盛国际认为，比特币作为一种"货币技术"属性极强的资产，其价格 表现与全球流动性的宽裕程度有着高度的正相关性，而当前的宏观环境正为这种相关性的爆发提供温 床。 从历史表现的事实数据表示，2025 年比特币表现相对疲软，跌幅约为 14.40%，与此同时，黄金在避险 情绪推动下录得 44.40% 的惊人涨幅，科技板块也以 24.6% 的回报率领先标普 500 指数。FPG财盛国际 分析认为，去年的波动主因在于美元 ...

The price of XRP climbed roughly 3% in 24 hours as Ripple secured a regulatory license in another major European country. Ripple announced on Jan. 14 that the blockchain technology and crypto company has secured a preliminary Electronic Money Institution (EMI) license approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). CSSF is a regulatory body in Luxembourg that oversees the financial sector in the Western European country. Related: Ripple-backed firm faces $220M unrealize ...

Core Viewpoint - The recognition of Ocean Group at the 2025 Hong Kong Wealth Management Summit reflects the market's acknowledgment of its strategic transformation towards integrating digital assets with real economy practices, emphasizing sustainable and verifiable digital asset pathways [1][2]. Group 1: Award Recognition - Ocean Group received the "Best Digital Asset Practice Award" at the Hong Kong Wealth Management Summit, highlighting its exemplary practices in integrating digital assets within a compliant framework [1]. - The award is seen as a validation of Ocean Group's strategic shift towards enhancing asset quality and optimizing business structure through digital technology [1]. Group 2: Digital Asset Implementation - Ocean Group has systematically advanced research and practical applications related to the digitization of real assets, completing a demonstration project involving stocks as underlying assets within a regulatory framework [1]. - This project is viewed as a significant "engineering validation" in the digital asset space, moving beyond mere conceptual attempts [1]. Group 3: Operational Capabilities - The company is concurrently developing digital human and AI systems as essential tools for asset information management and investor communication, embedding these capabilities into its overall operational framework [2]. - This focus on "operational capability" emphasizes sustainability and replicability in digital asset exploration, rather than short-term project orientation [2]. Group 4: Market Perception and Future Outlook - The award reflects a growing consensus in the capital market regarding the value of a "stable, verifiable, and sustainable" digital asset approach, particularly as Hong Kong enhances its regulatory framework for virtual assets [2]. - Ocean Group plans to maintain long-term investments in technology, assets, and capital markets, aiming to provide practical examples for the healthy evolution of the real economy and capital markets [2].

若回溯两年前，新火科技还深陷"低毛利OTC依赖症"：2023年营收中80%来自OTC业务，却因薄利多销 策略导致盈利承压。2025年营收增长4.5倍的背后，是净利润微亏900万港币。 智通财经APP获悉，香港铜锣湾Tower535的第26层，翁晓奇一身素白色的西装、没有系领带，坐在同样 白色的转椅上，背后屏幕展现的是新火科技2025年的财报数据。 "我们可以在10月份硬着头皮推进，那样财报会很好看，但我们选择让客户不亏钱。"新火科技 (01611)CEO翁晓奇这句有悖商业直觉的话，恰是解开这家港股上市公司2025年财报谜题的钥匙。 答案藏在翁晓奇反复提及的"轻重之辨"中。传统VATP(虚拟资产交易平台)模式如同重资产航船，需数百 人团队、数年牌照周期、海量市场投入，方能撬动散户市场。新火科技则选择造一艘"轻型快艇"——以 160人规模、仅VATP四分之一的运营成本，专注服务机构与高净值客户，覆盖80%目标市场。这 种"轻"，不仅体现在成本，更在于战略清醒：不与币安、OKX争夺散户，不与高盛、摩根士丹利比拼品 牌，而是成为二者之间的"缺失一环"。 "我们不是在做另一家交易所，而是要成为连接传统金融与Web3的' ...

Core Insights - The CEO of Biglari Holdings, Sardar Biglari, has been actively purchasing shares, acquiring 2,221 Class B shares for approximately $705,671.28 between December 8 and December 10, 2025, indicating confidence in the company's performance [1][2]. Transaction Summary - The recent insider purchase involved 2,221 shares traded at a total value of $705,678, with a weighted average purchase price of $317.73 per share [2]. - Post-transaction, direct ownership remained at one share, while indirect ownership through The Lion Fund, L.P. increased to 1,332,028 shares [3]. Company Overview - Biglari Holdings operates primarily in the restaurant industry, with additional interests in insurance, energy, and media, leveraging its established brands to create diverse revenue streams [5]. - As of January 13, 2026, the company's stock price was $430.74, with a market capitalization of $1.34 billion and a revenue of $386.51 million over the trailing twelve months [4]. Stock Performance - The stock price of Biglari Holdings has seen a significant increase, with a 1-year price change of 97.44% as of January 12, 2026, and a 31% surge in 2025 [4][7]. - Class B shares have been the more actively traded, with a notable year-to-date increase of nearly 30% [7]. Subsidiary Performance - The subsidiary Steak 'n Shake reported significant sales growth in Q4 2025, partly due to the introduction of a Bitcoin-themed burger and the accumulation of Bitcoin in its reserves, indicating a strategic adaptation to digital assets [8].

转自：新华财经 •鲍威尔遭刑事调查 其称系政治施压新手段 •美参议院将审议《2025数字资产市场清晰度法案》 •韩国推第二阶段加密新政 【市场资讯】 •美国总统特朗普在"真实社交"平台发文称，若最高法院裁定其任内实施的关税措施无效，美国政府可 能需支付数千亿美元的直接赔偿，再加上企业为规避关税而投入建厂和设备的"偿还"成本，总金额恐高 达数万亿美元，国家财政将难以承受。 •财政部长贝森特表示，即便最高法院裁定"紧急关税"无效，财政部也有足够资金处理退款，但退款将 分阶段进行，可能持续数周乃至一年。他同时暗示，裁决拖延越久，法院越可能倾向支持特朗普时期的 关税政策。 •美国哥伦比亚特区联邦检察官办公室已就美联储总部翻修项目对主席鲍威尔启动刑事调查。鲍威尔回 应称此举"史无前例"，强调自己始终独立履职、不受政治干扰，并指出应结合特朗普政府长期施压美联 储的背景加以审视。特朗普则否认干预司法部发出相关传票。 •美国参议院两个委员会将于周四举行听证会，审议《2025年数字资产市场清晰度法案》。该法案首次 明确定义"数字商品"为价值内在依赖区块链技术的资产，并明确将稳定币排除在外，旨在为加密市场建 立统一监管框架。 【 ...

Group 1 - The South Korean Financial Services Commission (FSC) has decided to allow listed companies to allocate 5% of their capital to mainstream cryptocurrencies, marking a significant shift in East Asian financial history [1][3] - This decision addresses years of capital outflow pressure due to domestic restrictions on overseas crypto investments, and aims to position South Korea favorably in the global digital asset landscape by 2026 [1][3] - The strategy limits investments to the top 20 cryptocurrencies by market capitalization and a 5% capital allocation cap, reflecting a cautious regulatory approach of "compliance first, then expansion" [1][3] Group 2 - The introduction of a stablecoin licensing system with a 100% reserve requirement is central to building a domestic digital currency ecosystem [2][4] - The expected launch of a spot Bitcoin ETF in 2026 will create a three-part structure in the South Korean market, consisting of direct holdings, financial products, and stablecoin payments, potentially attracting around 3,500 institutional entities and bringing trillions of Korean won in liquidity [2][4] - South Korea's plan to deeply integrate Central Bank Digital Currency (CBDC) into treasury management aims to challenge the traditional SWIFT payment dominance, with a goal of digitizing 25% of treasury funds by 2030 [2][4]