新德里, June 26, 2025 (GLOBE NEWSWIRE) -- 全球领先的加密货币交易所和 Web3 公司 Bitget 参加了 2025 年印度区块链巡回活动（India Blockchain Tour，IBT），并作为海得拉巴、艾哈迈达巴德和孟买三站的独家 “Powered by” 合作伙伴提供支持。 此次合作将在下半年通过精心策划的交流与知识分享活动，进一步聚焦区块链教育与实际应用，重点覆盖印度三大重要城市。 2025 年印度区块链巡回活动由 Octaloop 主办，将覆盖八座城市，汇聚政策、投资、开发和产品领域的重要声音。 海得拉巴（6 月 28 日）、艾哈迈达巴德（7 月 13 日）和孟买（8 月 3 日）将成为 Bitget 重点支持的核心城市。每一站活动皆致力于汇聚当地英才，激发探究区块链未来的热情。 互动环节、产品展示及交流论坛将为区块链技术与数字资产打造一个易于参与的入门渠道，特别面向学生、开发人员及在职专业人士。 “印度是我们重点布局的市场。 无论是与监管机构合作，还是与区块链开发人员直接互动，我们始终在积极推动本地建设。 作为全球领先的交易所之一，我们将此次巡回活动视为与 ...

编者按：2025 年 6 月 18 日，渣打银行全球研究发布报告《RWA 代币化 —— 一个增长机遇》指出： 到目前为止，稳定币在真实世界资产（ Real-world asset ——RWA）代币化领域占据主导地位； 然而，随着监管壁垒的消除，非稳定币 RWA 代币化具有巨大的增长潜力； 许多司法管辖区已进行了监管改革，但进展参差不齐；KYC（Know Your Customer 了解你的客户）问题仍然存在； 代币化工作应聚焦于与链下资产形成差异化的领域； 私人信贷已铺平道路；私募股权和非流动性大宗商品应紧随其后。 报告主要内容如下： 先是渐进，后是突变 到目前为止，真实世界资产（RWA）的代币化市场主要由稳定币主导，稳定币是与美元或其他法定货币挂钩的数字资产。 非稳定币 RWA 代币化的增长明显滞后，该市场目前为 230 亿美元，仅约为稳定币市场规模的 10%。 尽管预测非稳定币 RWA 市场的规模较为困难，但我们认为，若监管壁垒消除且代币化工作聚焦于正确领域，该市场长期将具有巨大的增长潜 力。 在监管方面，一些司法管辖区（新加坡、瑞士、欧盟和泽西岛）最近的改革是支持性的，但监管不一致，尤其是在 KYC 要 ...

Core Viewpoint - The rapid development and regulatory attention on stablecoins, particularly in the U.S. and Hong Kong, highlight their growing significance in the cryptocurrency market and the broader financial system [1]. Group 1: Development and Market Size - Stablecoins have experienced explosive growth, with the market size expanding from $5 billion in 2020 to $250 billion currently, reflecting a compound annual growth rate (CAGR) of over 100% [2]. - The transaction volume of stablecoins is approaching $37 trillion, and it is estimated that the market could reach $4 trillion in ten years, implying a CAGR of over 30% [2]. - Over 95% of stablecoins are currently dollar-pegged, indicating a strong reliance on the U.S. dollar [2]. Group 2: Factors Driving Growth - The rise of distributed ledger technology and the rapid development of digital currencies and virtual economies are key factors driving the growth of stablecoins [2]. - Stablecoins offer high payment efficiency, particularly in cross-border transactions, and can operate without the need for bank accounts, making them attractive in regions with underdeveloped banking systems [2]. - Issuers of stablecoins can retain interest income from reserve assets, contributing to increased profitability in recent years [2]. Group 3: Regulatory Impact - A clearer regulatory framework is expected to enhance the balance between efficiency and safety in stablecoin development, addressing risks related to compliance and redemption [3]. Group 4: Implications for Global Monetary System - The dominance of dollar-pegged stablecoins is expected to continue in the short term, but other currencies like the euro, yen, pound, and even the renminbi may gain traction in the medium to long term [4]. - If stablecoins include assets beyond fiat currencies, such as credit-derivative bonds, they could lead to credit expansion similar to "shadow banking," potentially increasing overall liquidity [4]. - The U.S. GENIUS Act mandates that dollar stablecoin reserves must be held in cash and short-term U.S. Treasury securities, which could distort yield curves and impact financial conditions [4]. Group 5: Development of Local Stablecoins - The development of a Hong Kong dollar stablecoin requires a robust reserve asset pool, particularly focusing on high-liquidity assets beyond cash [5]. - In the context of global de-dollarization, promoting offshore renminbi stablecoins could be essential for enhancing their usage and supporting cross-border business [5]. - Supporting Chinese enterprises in expanding overseas and increasing the use cases for stablecoins are critical for the success of Hong Kong's stablecoin market and could further the internationalization of the renminbi [5].

与此同时，XBIT去中心化交易所平台正通过技术创新，为类似XAUT的黄金代币注入新活力，帮助投 资者在动荡市场中寻求稳定收益。美国市场作为全球加密货币和黄金投资的核心，对这一趋势反应热 烈，机构投资者正密切关注XAUT的进展，将其视为对冲通胀和地缘风险的工具。 币界网6月23日讯，Tether推出的黄金稳定币XAUT市值已突破8.2亿美元，由超过24.6万盎司实物黄金提 供支持，这标志着黄金代币化趋势的加速。然而，链上采用率仍显不足，目前仅有约8,000个地址持有 XAUT，其中Tether和Binance两大巨头控制着约60%的供应量，流动性池中的部署量也仅约2,500-3,000 枚XAUT。这一现象突显了去中心化金融（DeFi）生态在推动黄金资产普及上的挑战与机遇。 尽管XAUT的链上采用面临挑战，但生态整合正快速推进。币界网数据显示，Fluid和Aave等协议已开始 接入XAUT，预计短期内将支持借贷功能，这有望释放更多流动性并提升持有者收益。例如，Aave的借 贷池可能允许用户抵押XAUT获取稳定币贷款，从而吸引长期投资者。类似地，XBIT去中心化交易平 台也在探索黄金代币的深度集成，旨在通过跨链功 ...

Core Viewpoint - The Bitcoin market experienced significant volatility, with prices reaching a three-month high of $105,977.82, driven by macro liquidity expectations and technological advancements in decentralized exchanges, particularly XBIT's unique features [1][9]. Market Performance - Bitcoin's price surged over 6% in the last four hours, with trading volume increasing significantly, indicating heightened market sentiment [1]. - The recent price movement followed a "breakout-pullback-rebound" pattern, with the closing price above the previous resistance level of $99,222, suggesting strong bullish momentum [2]. Technological Innovations - XBIT's decentralized exchange platform showcased a 230% increase in large transactions as Bitcoin surpassed the $100,000 mark, without the liquidity crises often seen in traditional exchanges [4]. - The platform's dynamic liquidity pool mechanism ensures optimal transaction prices even during extreme market conditions [4]. - XBIT's three core advantages include military-grade security through zero-knowledge proof technology, cross-chain asset interoperability, and a user-friendly design that simplifies complex trading operations [4]. Trading Strategies - Despite bullish momentum, significant historical resistance exists around $105,371, which could pose a risk of short-term price corrections [6]. - Suggested trading strategies include aggressive buying at support levels and cautious shorting if prices face resistance at higher levels [6]. Decentralized Exchange Growth - The trading volume of decentralized exchanges (DEX) surpassed 35% for the first time, with XBIT emerging as a key player due to its innovative on-chain order book model [6]. - XBIT's "trade-to-mine" model has led to a 400% increase in its token value, creating a positive feedback loop for users [7]. Future Outlook - Long-term support for Bitcoin is expected from macroeconomic factors such as Federal Reserve rate cuts and potential ETF inflows, with a price target of $120,000 if resistance levels are broken [9]. - The emergence of advanced DEX platforms like XBIT is reshaping the cryptocurrency trading landscape, emphasizing the importance of security, transparency, and efficiency for investors [9].

文/ 中国社会科学院学部委员、国家金融与发展实验室理事长 李扬 稳定币的本质 稳定币的核心价值在于其高效的支付清算功能 ，它们是基于区块链点对点支付，支付即结算，在支付效率和成本上具有显著优势。这是不可被替代的货 币的基础属性。与比特币等价格剧烈波动的加密货币不同，稳定币通过锚定现实资产（主要是美元资产）维持币值稳定。以USDT、USDC为代表的头部 稳定币，其资产构成90%以上为短期美国国债及回购协议。这一机制使稳定币成为连接虚拟货币世界与传统法币体系的桥梁，显著提升跨境支付效率并降 低成本。 美国推动稳定币立法，其立法宗旨明确服务于美元利益：促进美元支付现代化、巩固强化美元国际地位、为美国国债创造数万亿新需求。稳定币机制巧妙 地将加密市场扩张转化为美元影响力在链上的延伸。 在研究各种自称自诩的"币"的过程中，一定要牢牢记住一条，即只要主权国家依然存在，货币的主权属性便不会改变。货币主权是国家主权的重要组成部 近期，市场热议稳定币立法现象，这一情况揭示了稳定币在当代国际货币 金融 格局中扮演的关键角色，其本质、影响及其与主权货币的关系亟待 厘 清。 面对稳定币浪潮，中国需在两条线上全面并进： 一方面，既然任 ...

Core Viewpoint - The discussion on stablecoins highlights their role in enhancing global monetary policy coordination, innovating cross-border payments, and constructing regulatory frameworks, with a focus on the implications of dollar-pegged stablecoins and the need for careful consideration of their impact on economic sovereignty and financial stability [5][6][7]. Group 1: Introduction and Definition - Stablecoins are a special type of cryptocurrency designed to maintain price stability by pegging to fiat currencies, physical assets, or algorithmic mechanisms, making them suitable for payment mediums and value storage tools [14][15]. - The global stablecoin market has seen significant growth, with a total market value exceeding hundreds of billions, and USDT and USDC accounting for nearly 90% of the market share [19][19]. Group 2: Market Environment and Demand - Traditional cross-border payments face challenges such as long processing times and high fees, while stablecoins can facilitate near-instantaneous and low-cost transactions, enhancing global supply chain efficiency [20]. - The decentralized finance (DeFi) ecosystem relies heavily on stablecoins as core assets for lending, trading, and derivatives, directly affecting the health of the DeFi market [21]. - Traditional financial institutions are exploring stablecoin issuance to improve payment efficiency and expand business boundaries, as seen with JPM Coin [22]. Group 3: Types of Companies Issuing Stablecoins - Financial technology companies, such as SFJC and XD Technology, are well-positioned to issue stablecoins due to their expertise in blockchain and digital currency technologies [23]. - Cross-border payment companies, like HLJH and LKL, have the necessary licenses and technology to support stablecoin circulation in international transactions [24]. - Companies with relevant licenses or compliance qualifications, such as the issuer of USDC, are also capable of issuing stablecoins [25]. Group 4: Positive Impacts of Issuing Stablecoins - Stablecoins can significantly enhance cross-border payment efficiency and reduce costs, as they allow for real-time transactions without relying on traditional banking systems [31]. - They provide a stable trading medium in the volatile cryptocurrency market, allowing investors to mitigate risks associated with price fluctuations [32]. - The issuance of stablecoins can drive financial inclusion by lowering barriers to entry for financial services, particularly in underserved regions [33]. - Stablecoins can attract new participants and capital into the financial market, bridging traditional finance and cryptocurrency [34]. - Companies can generate revenue through interest on reserves, as demonstrated by Circle's USDC, which significantly contributes to its overall revenue [35]. Group 5: Regulatory Environment and Challenges - The regulatory landscape for stablecoins varies significantly across jurisdictions, with the U.S. and Hong Kong implementing specific requirements for issuance, including licensing and reserve management [86][91]. - Companies must navigate complex compliance requirements, including maintaining high liquidity reserves and adhering to anti-money laundering regulations [108][109]. - The potential for regulatory changes poses risks to stablecoin projects, as seen in instances where sudden policy shifts have impacted market confidence [39]. Group 6: Future Trends and Considerations - The future of stablecoins is likely to involve stricter regulations and a focus on compliance, as well as the expansion of application scenarios beyond traditional finance [115]. - Companies must consider market demand and operational capabilities when planning stablecoin issuance, ensuring alignment with existing business models [66][67]. - The competitive landscape will require companies to differentiate their stablecoin offerings and stay informed about regulatory developments to ensure sustainable operations [70][71].

Core Viewpoint - The Federal Reserve is experiencing internal divisions regarding interest rate cuts, with significant implications for the financial markets, particularly the cryptocurrency sector, where XBIT decentralized exchange has emerged as a notable beneficiary during this financial turmoil [1][2][5]. Federal Reserve's Position - Federal Reserve Governor Waller has signaled a strong dovish stance, advocating for a rate cut in July, contrasting with the cautious views of other Fed officials [2][4]. - Market expectations for a July rate cut surged from 14% to 22% following Waller's comments, despite the Fed's June monetary policy report maintaining a "well-positioned" interest rate stance [4]. Market Reactions - The stock market reacted to the mixed signals from the Fed, with the Dow Jones rising by 0.08% while the Nasdaq fell by 0.51%, indicating a divergence in sector performance [4]. - The cryptocurrency market saw significant activity, with Bitcoin surpassing $68,000 and Ethereum reaching $3,500, while XBIT's trading volume increased by 23% in a single day [5]. XBIT's Advantages - XBIT is the first decentralized exchange to utilize zero-knowledge proofs and multi-party computation (MPC) for enhanced security, showcasing three core advantages: 1. Asset security barrier, where users control their private keys, and the platform cannot access their assets, with a smart contract code transparency rate of 99.7% [7]. 2. Resistance to regulatory scrutiny, allowing seamless trading of major cryptocurrencies without on-chain transaction records [7]. 3. Liquidity management, maintaining a slippage rate below 0.05% by aggregating over 30 liquidity pools [9]. Investment Opportunities - XBIT represents a shift in investment logic amid the Fed's dovish stance, offering users opportunities for stable returns through stablecoin lending and liquidity mining, with annual yields ranging from 5% to 15% [10]. - The platform's cross-chain atomic swap technology enables users to transfer funds globally at a fraction of traditional banking costs, particularly relevant in the context of geopolitical tensions [10]. Future Trends in Cryptocurrency Market - The cryptocurrency market is expected to see accelerated institutional investment, with major firms like BlackRock and Fidelity applying for spot Ethereum ETFs, potentially utilizing XBIT's institutional-grade custody services [11]. - The launch of perpetual contracts on XBIT will fill a gap in the decentralized derivatives market, leveraging on-chain price feeds and automated liquidation mechanisms [11]. - Discussions with central banks regarding the interoperability of Central Bank Digital Currencies (CBDCs) may lead to direct exchanges between digital currencies like the digital yuan and Bitcoin [12].

Token Pocket 钱包：t p 117.app Token Pocket作为多个区块链平台的数字资产钱包，已经构建了一个强大的用户基础，与众多去中心化应用(D App)和服务紧密相连。随着区块链和加密货币 市场的迅猛发展，Token Pocket未来的发展具有广阔的前景。以下是关于Token Pocket未来的技术和市场趋势的展望。 1. 技术趋势 1.1 多链支持的扩展 1.2 遵循去中心化金融(D e F i)和助记词安全标准 2.1 用户群体的增长 2.3 N F T和元宇宙的崛起 2.4 教育和社区发展的重视 3. 结论 趋势：随着越来越多的公链和Layer 2解决方案的出现，Token Pocket可能会继续扩展支持的链，从而吸引更多的用户。 机会：支持如Polygon、S o l a n a、Avalanche等新兴公链，可以让用户在不同生态系统中探索和交易，提高交互性和便利性。 趋势：去中心化金融领域正在快速发展，Token Pocket将需要对接更多D e F i 相关的协议，确保其用户能无缝地参与流动性挖矿、借贷等活动。 机会：通过提供对D e F i协议的优化支持，用户能享受更低的 ...

Core Insights - The event highlighted the importance of focusing on credible foundations and risk management in digital financial innovation, as emphasized by industry experts [1][2] - The rise of digital assets and the need for financial institutions to adapt to new trends in the global digital asset market were discussed [1][3] Group 1: Digital Financial Innovation - Li Lihui stressed that short to medium-term digital financial innovation should not rely on vertical models to solve complex problems but should focus on credible foundations and risk management [1][2] - He proposed four key focus areas: high reliability, interpretability, legality, and economic efficiency in deploying AI models within financial institutions [2] - The need for a safe and efficient innovation system was highlighted, along with the importance of bridging the digital divide for smaller financial institutions [2] Group 2: Trends in Digital Assets - Huang Yiping pointed out significant changes in the global digital asset market, including the rise of stablecoins, which now account for over 90% of transactions in the virtual asset market [3] - The rapid development of asset tokenization was noted, with predictions of substantial growth in the next five years as traditional financial institutions engage in this area [3] - The emergence of virtual currency exchange-traded funds (ETFs) provides investors with a way to participate in the market without holding virtual currencies directly [3] Group 3: Risks and Opportunities - Huang Yiping indicated that the changes in the digital asset market could lead to a certain level of substitutability with central bank digital currencies, potentially affecting their future scenarios [3] - The correlation of risks between the virtual asset market and traditional asset markets is increasing, warranting caution despite no direct risk transmission to the dollar market observed yet [3] - The development of the global digital asset market is seen as a trend with both risks and opportunities, suggesting that engagement in trend-driven innovation should be pursued under controlled risk conditions [3]