The @fundstrat flywheel:1. New stablecoin issuance on the L12. New stakers for the L13. New demand for ETH (to be staked) https://t.co/Vmt4ClzvbW ...

What if the most trustworthy digital currency wasn't built in Silicon Valley. [Music] Deep in Central Asia, a bold experiment is unfolding. In a country where cash is still king.[Music] Okay. So, cash cash only cash only. They've launched something revolutionary.A goldbacked stable coin issued under government oversight. [Music] Can a small nation rewrite the rules of money. [Music] Gold, blockchain, central Asia.This isn't just another crypto project. It's a test case for the future of finance. ...

June 30–July 6, 2025 #LookonchainWeeklyReport🟢 Onchain OverviewLast week saw little market volatility, and DEX perps trading volume dropped noticeably.The Bitcoin OG holding 80,009 $BTC($8.69B) woke up after 14 years of dormancy, shaking the market and sparking speculation about their identity — and fears of a potential sell-off.🟢 Stablecoin MarketThe total stablecoin market cap increased by $2.024B.stablecoins(USDT&USDC) on #Ethereum increased by $847M.🟢 Spot & Perps Trading Volume on DEXsAccording to DeFi ...

Regulatory Focus - Shenzhen authorities in China issue warnings against stablecoin investment scams due to increasing public interest [1] Cryptocurrency Market - Public interest in stablecoins is rising, prompting regulatory concern [1]

头图来自：AI生成 "我真没想到稳定币已经可以直接花了，就像刷支付宝一样。" Ella 有些惊讶地说，语气里带着一种"时代突然追上自己"的错愕。 她老公是 Web3 圈里小有名气的 KOL，平时为了把加密货币换成法币，开了不下五张海外银行卡。他 们甚至还专门跑去香港，把 USDT 从指缝般狭窄的窗口里换成港币现金。 在越南旅行的第一天清晨，他们走进胡志明市一家连锁咖啡馆，点完拿铁和法棍，店员指着收银屏幕上 一张二维码说可以用"USDC"，Ella 拿过老公的手机试着使用钱包扫码，支付界面跳出来，只用了不到 五秒钟就完成了支付。 那一瞬间，她第一次不是听人讲"稳定币有多牛"，而是用自己的手指头感受到，它真的成了日常生活的 一部分。 2025 年之前，没有人想过 Crypto 行业的下一次大规模出圈居然是因为稳定币。 回顾前两次，比特币讲的是去中心化的价值共识，NFT 讲的是新一代数字文化符号和身份。但它们更 像是属于特定圈层的象征，穿越过热搜和朋友圈之后，又回到了少数人的钱包里。 但稳定币这次不太一样。 对我们来说，稳定币或许仍然是一个概念，是政策新闻，是股价 K 线；而对于世界另一面的人们来 说，稳定币早就已 ...

The stablecoin is fuelling a global shadow economy. And it’s never been more respectable https://t.co/ryiRigO9Rz ...

Asia Pacific Equity Research 01 July 2025 China SMid Insurance Key investor feedback post the initiation; ZhongAn remains top investor focus See page 4 for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as onl ...

Summary of Multi-Point Digital Conference Call Company Overview - Multi-Point Digital is a leader in retail digitalization, benefiting from the growth in digital demand and the application of AI technology in vertical industries, particularly in its core businesses of operating systems and AIoT solutions [2][3] Core Business Segments - The company operates primarily in two segments: operating systems and AIoT solutions. The operating system encompasses various aspects of store management, inventory management, payment, procurement, logistics, and customer relationship management. AIoT solutions combine software and hardware, integrating AI technology [4][5] Financial Performance - The company reported a rapid growth in international business revenue, which is expected to reach 160 million yuan in 2024, a year-on-year increase of 28%, accounting for nearly 9% of total revenue [2][9] - The gross margin for SaaS software is approximately 70%-80%, while the gross margin for AIoT solutions has improved from 10% to nearly 20% [2][10][11] - The adjusted net profit for 2024 is projected to be close to 30 million yuan, with expectations for continued profit growth in 2025 and 2026 [4][13] Market Strategy - The domestic retail industry is undergoing transformation, with increasing demand for high-quality service experiences. Multi-Point Digital is actively collaborating with major retailers like Pang Donglai and Bubugao to develop standardized software modules [7][8] - The company aims to optimize its customer structure by expanding its third-party and international client base, which will drive revenue growth [6][10] International Expansion - Multi-Point Digital has established partnerships in international markets, including collaborations with DFI to provide systems for 7-Eleven and Mannings in Hong Kong, and is expanding into Southeast Asia [9][10] AI and Technology Integration - AI applications are being utilized to enhance operational efficiency and reduce costs. The company has implemented AI systems that have generated significant profit increases in retail environments [14] - The integration of stablecoins for cross-border payments is being explored, with partnerships established to enhance competitive positioning in the market [15][17] Future Outlook - The company is optimistic about maintaining a revenue growth rate of 15%-20% in the coming years, driven by its dual business model of operating systems and AIoT solutions [13][20] - The current valuation is approximately 4 times price-to-sales (PS), which is considered low compared to other digital software companies, indicating significant long-term growth potential [19][20] Key Takeaways - Multi-Point Digital is well-positioned in the rapidly growing retail digitalization market, with strong partnerships and a focus on AI and stablecoin integration to enhance its service offerings and market reach [2][19]

Stablecoin Reserves - Stablecoin attestations represent reserves, not complete audits [1] - Industry emphasizes the importance of verifying who verified the tokens and what is backing them [1]

Stablecoin monthly active users (MAUs) are at an all-time high of ~20 million.@revolut, the fintech with ~55 million retail customers, is rumored to be building its own stablecoin.Revolut alone could ~2x the onchain user base of stablecoins. https://t.co/8NPgf6xLRp ...