Core Viewpoint - The warning issued by the UK's Financial Conduct Authority (FCA) regarding high-leverage crypto derivatives has triggered significant reactions in the global cryptocurrency leverage trading market, highlighting vulnerabilities in centralized trading platforms during extreme market conditions [1][3] Group 1: Market Reaction - Following the FCA's warning, the total open interest of USDT perpetual contracts on major platforms dropped by 7.3% within 12 hours, and the market fear index VIX surged by 35% [1] - The U.S. Commodity Futures Trading Commission (CFTC) is closely evaluating the potential impact of similar risks on U.S. investors, raising concerns about cross-regional regulatory scrutiny [1][7] Group 2: Risks of Centralized Platforms - The FCA's warning emphasizes the liquidity exhaustion and flawed liquidation mechanisms of centralized crypto leverage trading platforms during extreme market fluctuations [3] - Centralized platforms often lag in risk control models compared to on-chain price changes, leading users to bear systemic risks [3] Group 3: Emergence of Decentralized Solutions - XBIT's decentralized exchange platform offers on-chain leverage solutions with transparent margin mechanisms and real-time on-chain liquidation features, attracting professional investors seeking to avoid counterparty risks [3] - During a recent extreme market event where Bitcoin dropped by 8%, XBIT's liquidation volume was only about one-fifth of that of centralized platforms, with no liquidation events occurring [3][7] Group 4: Transparency and Risk Management - XBIT's protocol design ensures that the liquidation process is fully transparent and verifiable, allowing anyone to trigger liquidation auctions when collateral rates fall below thresholds [4] - The platform's conservative leverage cap of 10 times is significantly lower than some centralized platforms offering up to 100 times leverage, reflecting a risk management philosophy gaining institutional recognition [5][7] Group 5: Regulatory Implications - The FCA's actions serve as a litmus test, exposing the vulnerabilities of centralized trust models in crypto leverage trading under extreme pressure [7] - The increasing activity on XBIT's decentralized exchange suggests a growing market demand for a truly "risk-visible" trading environment, indicating a potential evolution in the industry to meet regulatory and market challenges [7]

互联网发展迅速，移动支付开始渐渐兴起，其中更是衍生出了无数的数字货币，数字货币的崛起也正在 悄悄地改变世界格局。而我国也是时刻跟随时代的步伐，加入到了这场金融的大变革中。 正当我国在进行金融新的变革时，身为数字人民币开拓者长姚前却在2024年落网。 关于这位数字人民币的开阔者落网，不免让人唏嘘。为何身居高位的他会落网？而他的落网又会如何改 变我国数字人民币的变革？ 数字人民币开拓者被立案 数字人民币的开拓者姚前于1970年出生于安徽，在之后成绩优异的他考入了在南京大学计算专业，之后 更是取得工学博士学位。 在1997年，完成学业后的姚前进入了我国的证监会，在这期间他了解到了中国金融市场的蓬勃发展，之 后也是多次研发了多项金融技术。 2002年，姚前被调离到中国证券登记，任职该公司的技术开发部总监。 在中证登工作期间，姚前表现良好，带领旗下的团队取得了技术领域巨大的突破。 2010年，姚前被调任到了中国人民银行，他的工作就是研究数字货币技术。 在2014年，我国中央就已经开展了货币数字化的研究，而在这个领域拥有多年研究经验的姚前自然成为 了研究团队的核心成员之一。 在姚前的带领下，我国在数字货币研究所取得了不错 ...

比特币跌破107000美元/枚，日内跌1.54%。 ...

稳定币解决不了美债危机，也救不了美元霸权的崩塌，可一定不要小看它的影响——稳定币很可能正在打响一场在数字维度上展开的货币革命暗战。为何这 样说？主要有三大原因。 第一大原因，什么是稳定币？简单来说，它是与美元1:1挂钩的数字货币。 目前，美国政府已赋予其合法身份。稳定币与比特币的区别在于，其底层资产主要是美国短期国债及以国债为担保的短期借款。 这意味着两件事：其一，稳定币币值足够稳定。其信用基础几乎与美国政府等同，因此与比特币相比，稳定币波动性小得多，更接近交易媒介与计价单位。 其二，一旦规模足够大，稳定币便不再单纯是交易媒介，而是能直接参与现实世界的传统金融。截至今年5月，全球稳定币总规模近2400亿美元，占整个加 密货币市场的7%。 根据美国财政部测算，未来三年稳定币总规模将达2万亿美元。当前，几家头部稳定币发行商已成为美债（尤其是短期美债）市场的重要买家。 这意味着，这些发行方的操作不再局限于简单买卖，其一举一动甚至可能影响美国短期利率走向。 首先是失控风险。若稳定币规模持续扩大、与传统金融关联日益加深，其一旦出现问题，可能拖累美国整个金融体系。 道理很简单，美国政府赋予稳定币合法身份后，全球范围内，无 ...

中央纪委国家监委网站 侯颗 在突出改革的问题导向和落地见效上，《意见》聚焦制约高质量发展的卡点和堵点，推动关联环节协同 放权和协调支持。"比如，围绕当前职务科技成果转化中的分割确权难、考核机制不健全、转化效率低 等关键问题，从赋权、考核、转化三个相互关联的方面深化探索。"李春临举例。 深圳是我国改革开放的前沿阵地，在先行先试和示范引领上发挥着重要作用。"我们充分考虑深圳发展 先行一步、改革场景丰富、率先突破条件好等特点，在制度型开放、科技创新、人才发展、治理模式等 方面，推出了一批探索性举措。比如，先行适用国际贸易电子提单、电子信用证等电子单证，探索依托 电子提单开展抵押融资等业务；加强数字人民币试点应用场景创新，探索央行数字货币在跨境领域的适 用性；深化国际航行船舶相关配套制度改革，为港澳台船员办理社会保险提供便利的经办服务等。"李 春临表示，这些改革任务具有明显的首创性和引领性特点，相关探索将发挥重要的示范带动作用。 6月12日，国务院新闻办公室举行新闻发布会，介绍中共中央办公厅、国务院办公厅印发的《关于深入 推进深圳综合改革试点 深化改革创新扩大开放的意见》有关情况。国家发展改革委副主任李春临表 示，这 ...

Group 1 - The core viewpoint of the article highlights a strong performance in the IP economy sector, with a notable increase in the number of stocks reaching their upper price limits, indicating a resurgence of investor interest [1] - A total of 65 stocks hit the daily limit, with 18 stocks classified as consecutive limit-up stocks, resulting in a promotion rate of 50% for these stocks [1] - The article notes that Yiming Pharmaceutical achieved a remarkable 7 consecutive limit-ups, while other stocks like Anglikang and Jinying Co. experienced a halt in their upward momentum, reflecting a lack of enthusiasm among investors for high-priced stocks [1] Group 2 - The IP economy concept has regained strength, with stocks like Yuanlong Yatu and Guangdong Media showing significant performance, achieving multiple consecutive limit-ups [1] - Specific stocks such as New Beiyang and Hars have also seen promotions, indicating a broader trend within the IP economy and related sectors [1] - The article mentions that the demand for products from Pop Mart has significantly outpaced supply chain responses, suggesting potential growth opportunities in the market [1]

TMT赛道迎风口。 行业板块和赛道中，TMT赛道集体走强。具体来看： 若按照申万一级行业划分，通信板块领涨，板块盘中涨幅一度超过2%，其中，东信和平、铭普光磁等多股涨 停。 | < ロ | 通信(申万)(801770) | | | | --- | --- | --- | --- | | | 3038.32 51.38 1.72% | | | | | | | | | 资料 | 成分 | 资讯 | 相关基金 | | 名称 | | 现价 | 涨跌幅三 | | 天孚通信 | | 76.05 | 11.90% | | 300394.SZ | | | | | 联特科技 | | 80.38 | 10.53% | | 301205.SZ | | | | | 东信和平 | | 12.97 | 10.01% | | 002017.SZ | | | | | 铭普光破 | | 20.69 | 9.99% | | 002902.SZ | | | | | 中际旭创 | | 117.41 | 8.73% | | 300308.SZ | | | | | 德科立 | | 68.15 | 8.14% | | 688205.SH | | | | ...

2025.06. 12 本文字数：1648，阅读时长大约3分钟 作者 | 第一财经 6月12日午盘，上证指数报3404.66点，涨0.07%，深成指报10250.68点，涨0.05%，创业板指报 2072.16点，涨0.5%。 Wind数据显示，个股涨少跌多，近3000股下跌。 算力产业链走强，CPO方向领涨；短剧游戏、稀土永磁、谷子经济、数字货币、可控核聚变、机器人概 念股活跃；离境退税、反关税、固态电池题材回调。 | | | A股重要指数 | | | --- | --- | --- | --- | | 名称 | 最新 | 涨跌 | 涨幅 | | 上证指数 | 3404.66 | +2.34 | +0.07% | | 深证成指 | 10250.68 | +4.66 | +0.05% | | 北证50 | 1422.51 | -5.40 | -0.38% | | 创业板指 | 2072.16 | +10.29 | +0.50% | 沪指围绕3400点盘整 突破大箱体需要哪些契机？ 国都证券投顾严秀丽认为，沪指近期刚刚站上3400点大关，但市场新增资金的迹象并不明显，市场成 交量维持在1.3万亿附近，这使得市场 ...

Group 1: TMT Sector Performance - The TMT sector showed strong performance in the A-share market, with multiple industry segments experiencing significant gains and several stocks hitting the daily limit up [2][4] - The communication sector led the gains, with a peak increase of over 2%, and stocks such as Dongxin Peace and Mingpu Optoelectronics reaching their daily limit up [2][3] - The media sector also performed well, with a near 2% increase, highlighted by stocks like Chuanwang Media and Yuanlong Yatu achieving limit up [4][5] Group 2: New Stock Performance - Haiyang Technology, a new stock, saw its price surge over 500% during its debut, indicating strong market interest [10] - The company specializes in the research, production, and sales of nylon 6 series products, aiming to become a leader in the nylon industry [10][11] - Haiyang Technology has established long-term collaborations with several well-known domestic and international companies in its product field, enhancing its brand recognition [11] Group 3: Hong Kong Market Highlights - The Hong Kong market exhibited a relatively flat performance, with the Hang Seng Index mostly declining [12][13] - However, the pharmaceutical sector in Hong Kong experienced a significant rise, with stocks like China Biologic Products and Meizhong Pharmaceutical seeing increases of over 11% [14][15] - The market also noted a substantial increase in BioNTech's stock, which rose over 8% following a successful share placement announcement [15][16]

（图片来源：摄图网） 日本长期以来以"现金为王"的理念著称，但近年来无现金支付的比例正在逐步上升。该国政府最新数据显 示，日本的无现金支付比例已从2010年的13.2%增长至2024年的42.8%，首次突破40%，提前一年实现了政 府设定的2025年目标。增长主要得益于二维码支付的快速普及以及信用卡支付的持续增长。其中，二维码支 付(如PayPay)正在崛起，但信用卡支付仍然是主流，2024年信用卡支付总额达到116.9万亿日元。 尽管日本长期以来以"现金为王"著称，但随着无现金支付比例的快速上升，央行数字货币(CBDC)的开发和 测试已成为日本金融体系数字化转型的重要组成部分。 2023年起，日本央行正式启动数字日元的试点项目，与私营企业合作，测试CBDC在实际支付场景中的应 用。 从数字货币布局来看，过去几年，各国/地区央行也纷纷开启了对央行数字货币的可行性讨论、研发或实证 实验，但仍有部分国家尚未发行数字货币。各国发行或计划发行的央行数字货币具备不同特征，差异性来源 于应用领域、所采用的技术等。 香港大学亚洲全球研究院杰出研究员沈联涛指出，随着全球数字服务贸易持续增长，使用数字货币正成为趋 势，央行数字 ...