Core Insights - Bitget has launched the "Crypto Experience Month 2025," a global youth promotion initiative under its Blockchain4Youth program, marking its third year of operation [2][3] - The event aims to shift the narrative from theoretical knowledge to practical interaction with cryptocurrency, focusing on real-world applications in various sectors such as payments, gaming, DeFi, and creative expression [3][4] Event Details - The "Crypto Experience Month" will take place throughout August in multiple cities across the Middle East, Europe, Southeast Asia, and South Asia, coinciding with the three-year anniversary of International Youth Day [2][3] - Participants will engage in hands-on experiences, including minting NFTs, trying stablecoin lending, trading tokenized stocks in real-time simulations, and using PayFi's QR code retail payment system [3][4] Historical Context - The initiative began in 2023 as "Crypto Experience Day," expanded to a month-long event in 2024 covering 12 countries and attracting over 15,000 participants, and aims to bridge the gap between curiosity in Web2 and confidence in Web3 [4] - Bitget's COO, Vugar Usi Zade, emphasizes the importance of practical experience in demonstrating the value of technology, stating that mere theory is insufficient to instill confidence in cryptocurrency's future [4] Company Overview - Bitget, established in 2018, is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries, offering innovative trading solutions and real-time cryptocurrency price information [6] - Bitget Wallet is a prominent non-custodial cryptocurrency wallet supporting over 130 blockchains and millions of tokens, facilitating multi-chain trading, staking, and payments [6] Strategic Partnerships - Bitget has formed strategic partnerships to enhance cryptocurrency promotion, including being the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America, as well as collaborating with athletes from various sports [6][7] - The company is also working with UNICEF to provide blockchain education support to 1.1 million people by 2027 [7]

若剔除数字资产及股权投资合伙企业等金融资产的公平值变动等非经营一次性因素的影响，则集团截至 2025年6月30日止六个月的公司拥有人应占利润预期将较2024年同期减少约35%至45%左右。主要由于 今年上半年收益同比减少及因购买加密货币令银行存款减少，使得该期间获得的存款利息收入预期同比 减少。 消息面上，博雅互动发盈警，由于2025年上半年数字资产的公平值增长金额较2024年上半年增长金额有 所减少，使得集团截至2025年6月30日止六个月取得公司拥有人应占利润较2024年同期预期减少约25% 至35%左右(截至2024年6月30日止六个月公司拥有人应占利润：约港币3.13亿(经重列))。 博雅互动(00434)跌超7%，截至发稿，跌7.16%，报7.26港元，成交额1168.56万港元。 ...

消息面上，博雅互动发盈警，由于2025年上半年数字资产的公平值增长金额较2024年上半年增长金额有 所减少，使得集团截至2025年6月30日止六个月取得公司拥有人应占利润较2024年同期预期减少约25% 至35%左右(截至2024年6月30日止六个月公司拥有人应占利润：约港币3.13亿(经重列))。 若剔除数字资产及股权投资合伙企业等金融资产的公平值变动等非经营一次性因素的影响，则集团截至 2025年6月30日止六个月的公司拥有人应占利润预期将较2024年同期减少约35%至45%左右。主要由于 今年上半年收益同比减少及因购买加密货币令银行存款减少，使得该期间获得的存款利息收入预期同比 减少。 智通财经APP获悉，博雅互动(00434)跌超7%，截至发稿，跌7.16%，报7.26港元，成交额1168.56万港 元。 ...

Core Viewpoint - Bullish, a digital asset exchange operator backed by Peter Thiel, is preparing for an IPO on the NYSE with a valuation of $4.2 billion, aiming to raise up to $629 million by offering 20.3 million shares priced between $28 and $31 [1][29]. Financial Overview - Bullish reported over $3 billion in liquid assets, including 24,000 Bitcoins, 12,600 Ethereums, and over $418 million in cash and stablecoins [3]. - The company’s digital asset sales are projected to reach $72.89 billion in 2022, $116.49 billion in 2023, and $250.2 billion in 2024, with net losses of $4.25 billion, $1.3 billion, and $795.6 million respectively [18][20]. - For Q1 2025, Bullish recorded digital asset sales of $80.24 billion, a slight decrease from $80.4 billion in the same period last year, with a net loss of $348.62 million compared to a net income of $104.77 million in Q1 2024 [21]. Market Position and Growth - Bullish operates a global digital asset platform focused on institutional investors, aiming to enhance the adoption of stablecoins and blockchain technology [11]. - The company has seen significant growth in trading volumes, with Q1 2025 Bitcoin trading volume reaching $108.6 billion, a 36% increase year-over-year [17]. - The average daily trading volume for Bitcoin in Q1 2025 was $1.21 billion, up 37% from the previous year [17]. Strategic Partnerships and Future Plans - BlackRock and ARK Investment Management have expressed interest in purchasing up to $200 million in common stock at the IPO price [2]. - Bullish has expanded its product offerings through the acquisition of CoinDesk, enhancing its capabilities in providing insights and analytics in the digital asset space [13][16]. Regulatory Environment - The U.S. cryptocurrency industry has benefited from supportive legislation, including the passage of the Genius Act, which aims to regulate stablecoins [7]. - Bullish holds multiple Tier 1 regulatory licenses, allowing it to operate across various jurisdictions, which enhances its market reach and liquidity [48]. Management and Ownership - The company is led by CEO Thomas W. Farley, who previously served as the president of the NYSE [23]. - Major shareholders include Peter Thiel and other significant investors, with Brendan F. Blumer holding 30.1% of Class A shares post-IPO [25][26].

Group 1: Cryptocurrency Market Overview - The cryptocurrency market experienced a significant decline, with Bitcoin dropping nearly 2% and Ethereum falling below $3600, down 2.16% [1][2] - Over 120,000 traders were liquidated, resulting in a total liquidation amount of $339 million [1][2] - The liquidation amounts included $52.05 million in the last hour and $102 million in the last four hours, with a total of $218 million liquidated in the last 12 hours [2] Group 2: Market Data - Bitcoin (BTC) is priced at $112,971.4, reflecting a decrease of 1.92% [2] - Ethereum (ETH) is currently at $3,570, down 2.16% [2] - Other cryptocurrencies such as Solana (SOL) and Dogecoin (DOGE) also saw declines of 1.17% and 2.99% respectively [2]

Core Viewpoint - The cryptocurrency market has experienced a significant downturn, with major cryptocurrencies like Bitcoin and Ethereum seeing notable price declines and a large number of liquidations occurring in the market [1][3]. Group 1: Cryptocurrency Market Performance - Bitcoin has dropped nearly 2%, trading at approximately $112,971.4, while Ethereum has fallen by 2.16%, now priced at around $3,570 [2]. - Other cryptocurrencies such as Solana (SOL), XRP, Dogecoin (DOGE), and SUI have also seen declines, with percentages ranging from -1.17% to -3.78% [2]. Group 2: Liquidation Data - Over the past 24 hours, the total liquidation amount reached $339 million, with more than 120,000 traders affected [1][3]. - The breakdown of liquidations shows that in the last 12 hours, $218 million was liquidated, with long positions accounting for $163 million and short positions for $54.2 million [3]. - In the last hour alone, liquidations amounted to approximately $52.05 million, indicating a rapid market shift [3].

在现任美国总统唐纳德·特朗普执政期间，数字资产行业取得了一定进展。《天才法案》和《澄清法 案》等法案的出台，为行业带来了更多监管确定性。今年1月上任后不久，特朗普便下令成立加密货币 工作组，负责提出新的监管方案，履行其竞选时全面改革美国加密政策的承诺。 上周，SEC主席保罗·阿特金斯概述了多项支持加密货币的举措，包括指示工作人员制定指南，明确加 密代币在何种情况下可被认定为证券，以及各类信息披露和豁免提案。 这两家监管机构的行动，标志着长期呼吁定制化监管的加密行业，取得了重大胜利。 智通财经APP获悉，美国商品期货交易委员会(CFTC)周一宣布，将允许在该监管机构注册的期货交易 所，开展现货加密资产合约交易。CFTC代理主席卡罗琳·范表示，作为监管美国衍生品市场的机构， CFTC将与美国证券交易委员会(SEC)的"加密项目"协调合作，即刻在联邦层面开启数字资产交易。 Enigma Securities研究主管约瑟夫·爱德华兹指出："我们期望在未来两年内，除比特币和以太坊之外，更 多种类的资产能在美国市场站稳脚跟，而类似这样的举措，最终将推动这一进程。" CFTC还邀请利益相关方，就如何在指定市场中挂牌现货加密 ...

Core Viewpoint - Trump's significant shift in attitude towards cryptocurrency during the 2024 presidential election, actively courting the crypto community and becoming the first major party candidate to accept cryptocurrency donations [2][3] Fundraising and Donations - In Q2 2024, Trump's campaign committee raised approximately $3 million through crypto assets, with around $2 million coming from 19 individual donors in the crypto sector [3] - Notable donations included $1 million in Bitcoin from Tyler and Cameron Winklevoss, $845,000 in Ethereum from Jesse Powell, and $300,000 in XRP from Stuart Alderoty [3] - Trump's fundraising efforts included a private event at the Nashville Bitcoin conference, raising up to $21 million in a single event [3] - The total contributions from the crypto industry are reported to be in the tens of millions to potentially billions, making it a significant portion of corporate donations for 2024 [3] Policy Stance - Trump emphasized ending the Biden administration's crackdown on the crypto industry and pledged to make the U.S. a global leader in cryptocurrency [4] - He supports stablecoins pegged to the dollar, opposes government-issued central bank digital currencies (CBDCs), and promises to protect self-custody wallet users from regulatory interference [4] - Trump's campaign image is shaped by a "market freedom, anti-regulation" stance, making the crypto community a crucial part of his political base [4] Regulatory Changes - After taking office, Trump began to implement his campaign promises, reassessing and adjusting some of the Biden administration's regulatory measures on crypto [4] - The SEC delayed the implementation of certain stablecoin issuance regulations, positively impacting market sentiment and leading to price increases for some digital assets [4] - The U.S. Department of Energy issued new guidelines encouraging the use of renewable energy for Bitcoin mining, resulting in U.S. publicly listed Bitcoin miners achieving a historical high of approximately 31.5% of global network hash rate by June [4] Appointments and Organizational Changes - Trump appointed Mark Uyeda as acting SEC chair and nominated Paul S. Atkins, a proponent of loose regulation, as SEC chair [5] - The establishment of the "Digital Assets and AI Affairs Office" led by David Sacks aims to coordinate crypto policy and legislation [5] - The SEC formed a "Crypto Assets Special Working Group" under the leadership of Hester Peirce, known as "Crypto Mom" [5] Personal Involvement and Market Impact - Trump's personal and familial involvement in the crypto space includes the launch of personal tokens, TRUMP and MELANIA coins, which saw significant price increases [6] - His son, Donald Trump Jr., has participated in Web3 and NFT events and invested in several blockchain projects [7] - Trump's actions to influence Federal Reserve personnel and policies, including calls for rapid interest rate cuts, may create short-term benefits for the crypto market but raise concerns about the independence of the Fed and long-term market stability [7][8] Conclusion - Trump's "crypto vision" is advancing, but the interplay between industry and political power carries complex political costs and financial risks [9]

Investment Rating - Investment rating: None [4] Core Viewpoints - The report highlights that Cameco's Q2 2025 performance slightly exceeded expectations, with revenues of CAD 877 million, a 47% year-on-year increase, and a net profit of CAD 321 million, reflecting strong profitability resilience in the nuclear fuel industry [4][15] - Despite a 35% year-on-year decline in uranium production due to Key Lake maintenance, sales volume increased by 40%, with an average realized price of CAD 81.03 per pound (USD 57.35), up 5% year-on-year [4][15] - The company maintains its cautious supply rhythm and has adjusted its average realized price guidance for uranium from CAD 84 per pound to CAD 87 per pound, indicating market price improvements [4][15] - The report also notes that the overall performance of Hong Kong and US tech stocks saw significant declines, with the Hang Seng Tech Index dropping 4.9% and the Philadelphia Semiconductor Index down 2.1% during the week [4][7] Summary by Sections Section 1: Overseas AI - The report indicates a significant pullback in Hong Kong and US tech stocks, with the Hang Seng Tech Index closing at 5397.4, down 4.9%, underperforming the Hang Seng Index by 1.4 percentage points [7][8] - The Philadelphia Semiconductor Index closed at 5527.6, down 2.1%, outperforming the Nasdaq 100 and S&P 500 indices [7][8] Section 2: Web3 and Cryptocurrency Market - The total market capitalization of global cryptocurrencies decreased to USD 3.78 trillion as of August 1, 2025, down from USD 3.86 trillion the previous week [18] - The report notes that the cryptocurrency market sentiment is currently neutral, with the Fear and Greed Index at 57 [22] - The report highlights a net outflow of USD 643 million from core cryptocurrency spot ETFs during the week [27] Section 3: Recent Important Events - Upcoming earnings reports include Centrus Energy, Arista Networks, and AMD, all scheduled for August 5, 2025 [17] - The report emphasizes the importance of monitoring these events for potential market impacts [17]

Peter Thiel 支持的加密交易所 Bullish 已向美国 SEC 提交 IPO 招股书，计划筹资最高 6.29 亿美元，对应 估值最高 42.3 亿美元，拟将部分募资资金转换为美元稳定币。受益于 GENIUS 法案等政策利好， Bullish 重启上市计划，并已收购加密媒体 CoinDesk。CEO 为前纽交所总裁 Thomas Farley。（路透社） 来源：市场资讯 （来源：吴说） ...