很多人不懂robinhood7月1日的新模式，我用问答的形式解惑。 目前美国就两大主线鲜明：一个是以拨通为首的asic算力，它的产业支持逻辑是环比5倍的api tokens 调 用量暴增！ 另外一个就是circle robinhood们搞的新web3.0+金融了。 博通的asic 今天暂时不谈。今天解惑robinhood。 1、robinhood靠什么赚钱？ 它是零佣金券商，它主要靠赚差价。比如它的买与卖 会比别的券商差一分一厘，它的证券交易牌照还 是很值钱的。 2、为啥它能发证券股权资产上代币？ 还是牌照优势！hood通过收购Bitstamp，Robinhood获得MiFID II投资公司资格，并在许可范围内运营 MTF。MTF身份让平台可以合法撮合任何被MiFID认定为金融工具的交易，包括映射美股价格的衍生 品。同时触发跨境欧盟护照机制，只需在一家成员国受监管，就能向欧盟市场提供服务。 coinbase目前 缺乏这个牌照 此外，Bitstamp从卢森堡CSSF拿到首批CASP许可证。CASP牌照覆盖链上托管、发行、撮合及自营等全 部加密资产业务环节，并要求引入AMLD 6级别的KYC/AML架构，解决了代 ...

Social Media & Community Channels - The document promotes a Twitter account (X) for engagement [1] - It includes a Binance referral link, potentially for incentivizing new users [1] - A Telegram group is provided for community discussions [1] Cryptocurrency & Memecoin Focus - The content highlights cryptocurrencies like ETH and BTC [1] - It mentions memecoins, specifically related to Trump ($TRUMP) [1] - The document also references Elon Musk and "gork" which are common themes in the memecoin space [1]

Core Viewpoint - The development of digital assets, particularly stablecoins, is gaining significant attention in the market, with Hong Kong establishing a regulatory framework to promote financial innovation while ensuring safety [4][8]. Regulatory Framework - The "Stablecoin Ordinance" in Hong Kong will come into effect on August 1, marking the introduction of a licensing system for stablecoin issuers pegged to fiat currencies [4]. - This ordinance aims to enhance the regulatory framework for digital asset activities in Hong Kong, ensuring monetary and financial stability while reinforcing its status as an international financial center [4][8]. - The Hong Kong Monetary Authority (HKMA) will begin accepting license applications following the ordinance's implementation, with specific guidelines being developed through market consultation [4][8]. Market Development and Applications - The Hong Kong government is focused on expanding the application scenarios for stablecoins, aiming to address real economic challenges and promote sustainable market development [5]. - The HKMA launched a "sandbox" for stablecoin issuers to experiment with applications in a controlled environment, facilitating innovation [5]. - The recent "Hong Kong Digital Asset Development Policy Declaration 2.0" indicates the government's intention to explore stablecoins as a payment tool [5]. Public Education and Awareness - There is a need for enhanced public education regarding the differences between stablecoins, cryptocurrencies, and central bank digital currencies (CBDCs) to mitigate risks of fraud and unlicensed operations [7]. - The government is committed to investor education to help the public understand the nuances of these digital assets [7]. Challenges and Future Outlook - While the new regulatory framework provides a foundation for stablecoin development, challenges remain, particularly in public trust, risk management, and alignment with international standards [8]. - The proactive approach of Hong Kong in balancing regulation and innovation positions it uniquely to address inefficiencies in cross-border payments [8].

杨涛（中国社科院国家金融与发展实验室副主任） 必须注意的是，无论哪种模式都需同步实现几方面要求。一是人民币稳定币需设置充足的资产储备，除 了人民币现金、短期国债等高流动性资产之外，可设置一定比例的数字人民币储备，从而实现与央行 CBDC改革试点的协同推进。二是要求人民币稳定币发行主体建立完善的风险识别、资产隔离与托管、 内部控制等合规运营机制，面向直接客户履行相关合规义务，也要努力与各方合作推动人民币稳定币的 应用场景拓展，有效配合自贸区改革重点。三是充分借鉴上海自贸区FT账户的"电子围网"特点，通过 技术标准与智能合约的创新设计，使得在试点期持有和使用人民币稳定币的主体，尽可能限于特定的合 格机构、企业或自然人。 同时，就境外离岸人民币稳定币（CNH Coin，CNHC）来看，在模式一之下可以推动由境内外机构在 香港共同发起一家人民币稳定币发行机构，或者在模式二之下允许境内部分授权银行或支付机构依托其 注册在香港的法人机构，铸造和发行境外离岸人民币稳定币，且需符合香港地区的相关法律规定。由此 可形成境内外的双重人民币稳定币体系，同时借鉴现有内地与香港间的跨境支付与资金流动制度安排， 探索CNYC与CNHC的 ...

So many continue to doubt as of late that Web3 gaming will find PMFBut yet, we continue to see INCREDIBLE names dive headfirst into the space.EverQuest’s John Smedley is leading the gaming studio behind this.Open World, Persistent FPS, base building mechanics, something for everyone with a track record of success from this team.Built on TezosPremiered at ETHccTrailer SLAPSYah, I’m hyped to be working with this one.Cannot wait to see what’s next.Reaper Actual Web3 (@ReaperActualW3):Marova isn’t just a warzon ...

RT Portofino Technologies (@PortofinoTech)𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘁𝗼 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘄𝗵𝗼 𝗷𝗼𝗶𝗻𝗲𝗱 𝘂𝘀 𝗮𝘁 𝗼𝘂𝗿 𝗲𝘃𝗲𝗻𝘁 𝗶𝗻 𝗖𝗮𝗻𝗻𝗲𝘀!𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝘁𝗵𝗮𝗻𝗸𝘀 𝘁𝗼 𝗔𝗿𝗸𝗵𝗮𝗺 𝗮𝗻𝗱 𝗧𝗿𝗼𝗻 for co-hosting the evening drinks with us. It was a pleasure to collaborate with such forward-thinking partners and to bring together great minds in such a beautiful setting.The conversations truly made it memorable—insightful, forward-thinking, and energising.We loved connecting with so many of you across the crypto and finance ecosystem.Let’s keep the conversations going 🚀 ...

RT Decentralised.Co (@Decentralisedco)The revenue meta is not a short-term, transitory conversation. It is the sign of a market trending towards efficiency.Our latest story breaks down our reasoning behind this, with data from @tokenterminalAccording to data from DeFiLlama, there are ±300 L1s and L2s. Of these, barely 10 have a TVL north of $1 billion. There are just as many with a daily protocol fee beyond $200k. From a price to sales perspective, Arbitrum and Optimism trade at healthy levels between 60 an ...

7/ As the ecosystem continues to evolve, DePIN is reshaping how physical infrastructure is deployed and coordinated, solidifying its position as a foundational layer of Web3.Read the full report here 👇https://t.co/mDApnzbZfv ...

LiveOne (LVO) Q4 2025 Earnings Call July 03, 2025 10:00 AM ET Company Participants Ryan Carhart - VP, CFO, Controller, Treasurer & SecretaryRobert Ellin - Founder, Chairman & CEOBrian Kinstlinger - MD, Director - Research & Head - Technology Research Conference Call Participants Sean McGowan - MD & Senior Research Analyst Operator Ladies and gentlemen, thank you for patiently waiting. We will be starting momentarily. Thank thank you for standing by. Ladies and gentlemen, welcome to the LiveOne, Inc. For Fis ...

LiveOne (LVO) Q4 2025 Earnings Call July 03, 2025 10:00 AM ET Speaker0 Ladies and gentlemen, thank you for patiently waiting. We will be starting momentarily. Thank thank you for standing by. Ladies and gentlemen, welcome to the LiveOne, Inc. For Fiscal twenty twenty five Financial Results and Business Update Webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I will now turn the call over to Ryan C ...