Core Insights - Bitcoin price is currently experiencing significant fluctuations around the critical level of $114,000, indicating a pivotal moment for market direction [1][2] - The decentralized trading ecosystem is redefining the digital asset trading experience as the U.S. policy environment improves [1] Price Movements - Bitcoin's latest price is $114,019.23, down $676.70 or 0.59% from the previous trading day, with a 24-hour high of $115,096.73 and a low of $112,650.00, indicating a substantial price volatility range [2] - If Bitcoin breaks above $115,000, the total liquidation pressure from short positions could reach $694 million; conversely, a drop below $112,000 could lead to $843 million in long position liquidations [2] Institutional Confidence - Recent political developments in the U.S. are providing new momentum for Bitcoin prices, with expectations of a potential interest rate cut by the Federal Reserve [4] - Several institutions are showing strong confidence in Bitcoin, with Satsuma Technology raising $217.6 million, including 1,097 Bitcoins, increasing their holdings to 1,125 Bitcoins [4] - H100 Group and Vaultz Capital have also increased their Bitcoin holdings, reflecting a broader institutional interest in the asset [4] Growth of Digital Asset Ecosystem - The total asset scale of Real World Assets (RWA) has surpassed $25.31 billion, marking a 1.71% increase over the past 30 days, with the number of asset holders growing by 20.88% to 342,205 [6] - The collaboration between Sigma.Money and Pendle introduces a new yield model to the BNB ecosystem, enhancing the digital asset landscape [6] Decentralized Trading Platforms - XBIT.Exchange is highlighting the advantages of decentralized trading, offering a secure and user-controlled trading environment without identity verification or asset freezing risks [8] - The platform utilizes smart contract technology to ensure trustless transactions, reducing trading costs and enhancing user privacy [8] - XBIT's decentralized nature allows it to adapt to regulatory changes, providing stable and reliable Bitcoin trading services globally [8]

（原标题：越南GM2025区块链大会在河内召开） 越南国家网络安全协会研究与合作部主任武玉山表示，要将越南打造为区域区块链安全中心，需围 绕四大支柱展开工作。一是建立有力的法律框架，为各产业可持续发展奠定基础；二是强化技术标准 ——数字交易所需要拥有与传统银行相同的网络安全标准；三是加强人才建设，提高从业者与用户的网 络安全意识；四是深化国际合作，面对全球化网络攻击威胁，各国必须携手促进信息与数据库共享。 一年多来，越南在构建数字资产及区块链法律框架方面取得显著进展。法律层面上，国会近日通过 《数字技术产业法》（2026年1月1日生效）和关于设立国际金融中心的决议，财政部向政府提交了试点 建立以区块链为核心技术的数字资产交易平台的提案。政策层面上，2024年10月，政府颁布《到2025年 国家区块链技术应用与发展战略暨2030年愿景》，旨在将区块链建设成为服务经济的核心基础设施。 2024年12月，中央政治局发布第57号决议，明确把区块链列为科技创新和国家数字化转型重要突破口。 2025年6月，政府颁布第1131/Q?-TTg号决定，将区块链纳入11项战略技术之一。 建设一个安全可靠的区块链生态系统，是国家、 ...

Core Viewpoint - Boyaa Interactive (0434.HK) issued a profit warning, with its stock price dropping over 8% to HKD 7.16 during trading [1] Financial Performance - For the first half of this year, the fair value growth of digital assets has decreased compared to the previous year, leading to an estimated year-on-year profit decline of approximately 25%-35% for the company attributable to shareholders, with last year's mid-year profit restated at HKD 313 million [1] - Excluding the impact of fair value changes of financial assets such as digital assets and equity investment partnerships, the expected year-on-year profit decline for the first half of this year is around 35%-45%, primarily due to a decrease in revenue and reduced interest income from bank deposits as a result of cryptocurrency purchases [1]

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。 ...

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 ...

BOSS wallet 8月5日讯，全球加密货币市场今日迎来新一轮上涨浪潮，比特币在亚洲交易时段小幅走高，突破11.9万美元关口，延续了近期的强势态 势。受美欧贸易协议带来的积极影响，投资者风险偏好明显提升，推动数字资产市场整体向好。这一轮上涨行情与美股三大指数同步走强，纳指涨 幅更是超过1%，显示出全球资本市场对风险资产的热情正在恢复。美股市场分析师认为，尽管上周五因就业人数"大幅修正"导致美股大跌，中概股 也下跌2.65%，但市场信心已在周末得到修复，投资者对经济前景的担忧有所缓解。 据业内人士分析，比特币价格虽然较7月中旬12.31万美元的历史高点有所回落，但整体保持稳健，表明市场对数字资产的长期信心并未动摇。相比 传统金融市场，数字货币展现出的韧性和活力正成为投资者青睐的重要原因。值得关注的是，比特币在2024年12月首次突破10万美元大关，创下了 加密货币发展史上的重要里程碑，这一突破很大程度上得益于国际政治经济环境的变化，以及机构投资者对数字资产的认可度不断提高。目前，全 球顶级资产管理公司和金融机构正逐步增加对数字资产的配置比例，进一步推动市场规模扩大和价格上涨。在这样的市场环境下，XBIT去中 ...

Core Viewpoint - HSBC Holdings' stock price fell by 5.1% after the Q2 2025 earnings announcement, underperforming the Hang Seng Index, which declined by 3.6%, despite pre-tax profit exceeding market expectations by 10% when excluding one-off items [1] Group 1: Earnings and Market Reaction - The market's disappointment is partly attributed to concerns over a surprise $1 billion impairment at Bank of Communications [1] - HSBC's normalized earnings per share forecasts for 2025, 2026, and 2027 have been raised by 4%, 3%, and 3% respectively [1] Group 2: Shareholder Returns and Target Price - The estimated total shareholder return over the next 12 months is projected to reach 9.7%, the highest among financial institutions in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The target price for HSBC has been increased from HKD 118 to HKD 122, with a rating of "Overweight" [1] Group 3: Strategic Insights - HSBC maintains a capital threshold reduction balance of $14 billion, indicating limited impact on dividends, capital, and stock buybacks even if further impairments at associated companies reach $14 billion [1] - Management has provided guidance on its digital asset strategy, indicating readiness for potential disruptions from accelerated global digital asset expansion [1] - Revenue performance has shown greater resilience than expected [1]

Core Insights - The Hong Kong Monetary Authority (HKMA) President, Yu Weiwen, highlighted the rapid growth of digital asset business among banks in Hong Kong [1] - The introduction of relevant regulatory guidelines has led to an increase in banks offering digital asset-related products and tokenized assets, as well as digital asset custody services [1] Summary by Categories Digital Asset Market Growth - By July 2025, 22 banks are expected to be authorized to sell digital asset-related products, 13 banks for tokenized securities, and 5 banks for digital asset custody services [1] - In the first half of 2025, the total trading volume of bank digital asset-related products and tokenized assets reached HKD 26.1 billion, a 233% increase compared to the same period last year, surpassing the total trading volume of the previous year [1] Asset Management and Government Initiatives - Several asset management companies have announced plans to launch tokenized products, indicating a growing interest in this market [1] - The government is actively promoting the issuance of tokenized bonds, which is expected to sustain the growth momentum in the digital asset sector and provide new impetus for the development of wealth management in Hong Kong [1]

Core Viewpoint - Bullish, a digital asset platform based in the Cayman Islands, is planning to issue 20.3 million shares priced between $28 and $31 per share, aiming to raise approximately $599 million [1] Company Overview - Bullish offers trading and information services, with brands including Bullish Exchange for trading and liquidity infrastructure, and CoinDesk for indices, data, and insights [1] - The company was founded in 2020 and reported revenue of $167 million for the 12 months ending March 31, 2025 [1] IPO Details - The planned IPO has secured commitments from some investors for $200 million worth of shares, representing 33% of the total offering [1] - Major institutions involved as joint bookrunners for the IPO include JPMorgan, Jefferies, and Citigroup [1]