Core Insights - Fudan University International Finance Institute celebrates its eighth anniversary, marking a milestone and a new starting point for its ambition to become a world-class finance school [1] - The institute emphasizes internationalization as a core aspect of its identity, with a focus on building a professional and international faculty team [3][5] - The institute has developed a comprehensive degree program system, including full-time projects that are entirely taught in English, attracting a significant proportion of international students [5][6] Internationalization Strategy - The institute has established a nearly 60-member international faculty team, including 25 full-time professors with degrees from top global institutions [3] - The first innovative "Elite Master of Finance" program was launched in September 2018, followed by the introduction of other degree programs, creating a full chain of academic offerings [3][5] - Approximately 30% of the first undergraduate cohort were international students, with expectations for this figure to approach 50% in the coming year [5] Embracing Technology and Innovation - The institute has shifted its focus towards technology innovation, aligning with national goals for high-quality development [6] - The undergraduate finance program has been upgraded to include a fintech direction, receiving official approval as a "Global Bachelor of Fintech" [6][7] - A new Master's program in Technology Transfer is set to launch, aimed at bridging finance and technology management [6][7] Research and Policy Contributions - The faculty's international background allows for unique insights in policy research, enhancing the relevance and feasibility of their recommendations [8] - The institute is actively involved in Shanghai's financial development plans and addressing national financial risks [8][9] - The focus on emerging fields such as digital assets and green finance aims to position Shanghai as a leading center for climate finance [9] Future Outlook - The institute recognizes the dual challenges of attracting top talent and adapting to the impacts of AI and other new technologies [10][11] - Despite challenges, there is confidence in the institute's ability to leverage China's financial development and the growth of Shanghai as an international financial center [11] - The goal for the next eight years is to continue fostering internationalization and technological innovation while producing versatile financial professionals [11]

Group 1 - The U.S. Treasury Secretary, Behnam, supports the development of stablecoins, predicting the market size could reach $3.7 trillion in the next decade, indicating a significant policy benefit for the digital currency industry [1][3] - The stablecoin ecosystem is expected to increase demand for U.S. Treasury bonds, reduce government borrowing costs, and attract global users to a dollar-based digital asset economy, marking a major shift in the U.S. government's attitude towards digital assets [3] - The upcoming macroeconomic events in the U.S., including speeches from Federal Reserve officials and the release of the core PCE price index, are anticipated to have a substantial impact on the digital currency market [1][4] Group 2 - The CEO of Bitwise stated that Bitcoin's main competitors in the safe-haven asset space are U.S. Treasury bonds rather than gold, highlighting a shift in investment dynamics [4] - Current macroeconomic pressures have led to a pessimistic sentiment among retail investors, which may signal a price rebound opportunity as large investors often capitalize on such sell-offs [4] - The XBIT decentralized exchange platform is gaining attention for its unique advantages, including a decentralized trustless trading mechanism that significantly reduces transaction costs and mitigates risks associated with centralized exchanges [6]

币圈丽盈：6.21比特币最新行情分析 短线思路参考： 今日点位参考： 做多点10.25万，防守10.2万，止损500点，目标10.4万 做空点10.5万，防守10.6万，止损500点，目标10.3万 以太坊最新行情分析 发稿前以太坊现价2420，目前盘口走势维持下行趋势，自高点2680持续回调，目前在2425附近震荡，市场表现偏弱。多个技术指标如MACD和RSI均显示空 头信号，所以丽盈短期来看，价格仍可能维持弱势，核心支撑位在2360若跌破该点位可能进一步下探。但由于短期接近超卖区域，若价位能够守住2360支撑 不破，则存在技术性反弹需求，最后丽盈建议当前市场空头力量较强，价格在低位震荡，确保底部企稳信号出现后再择机进入，若出现底分型或底部反转形 态，可以考虑在2360附近逐步分批低吸，但需严格设置止损以应对支撑位告破的风险。 文章发布时间2025.6.21----03点：00分 比特币现价103300，目前的盘口空头占据主导地位，技术面整体偏弱，多项指标均暗示短期内行情将延续震荡下行趋势，所以丽盈短期来看，价格可能继续 围绕关键支撑位102300徘徊，若无法有效守稳支撑，则有进一步下探的可能性。反之，若价 ...

Core Viewpoint - The rapid development of digital finance has highlighted the importance of data security and privacy protection, emphasizing that innovation should be based on safety and trustworthiness rather than merely complex models [1][2][3] Group 1: Digital Finance Innovation - The foundation of digital finance innovation should be trustworthiness, ensuring effective management of AI risks and focusing on the compatibility and applicability of algorithms and scenarios [1] - A proposed framework for digital finance innovation includes a "high, medium, initial, small" principle, aiming to occupy technological high ground while minimizing risks [2] Group 2: Financial Institutions and Innovation - Large and medium-sized financial institutions are heavily investing in fintech, with 13 major banks investing 182.9 billion yuan, averaging 4.07% of their operating income, while smaller institutions face challenges due to limited resources [2] - There is a need for further consolidation among smaller financial institutions to address the widening digital divide [2] Group 3: Decentralized Finance - The potential risks and opportunities of decentralized finance (DeFi) should be studied, including the impact of stablecoins on global payment systems and the development of regulatory frameworks for DeFi [2][3] Group 4: Digital Assets and AI in Finance - The rise of stablecoins has significantly impacted the virtual asset market, with their use in transactions exceeding 90%, and asset tokenization is rapidly penetrating mainstream markets [3] - Future applications of AI in finance should meet the basic requirements of trustworthiness and reliability, with a focus on creating explainable models tailored to different sizes of financial institutions [3]

Core Viewpoint - The signing of the "Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan" aims to enhance cooperation and connectivity between Shanghai and Hong Kong, leveraging their complementary strengths as financial centers [1] Group 1: Collaborative Development - The Action Plan serves as a framework to optimize existing connectivity, expanding the range of products included, such as Real Estate Investment Trusts (REITs) and RMB counters [1] - The collaboration is expected to improve liquidity in both markets through enhanced interconnectivity [1] - Hong Kong is positioned to better serve mainland enterprises, facilitating their international ventures and providing essential services like risk management and legal support [1] Group 2: Digital Assets and Regulations - The Hong Kong "Stablecoin Regulation" was passed in May and will take effect on August 1, emphasizing the need for anti-money laundering measures and investor protection in digital asset regulation [1] - A second digital asset policy declaration is set to be released by the government, focusing on integrating digital assets with the real economy [1] - The possibility of stablecoins being pegged to the Renminbi is not ruled out, but it requires careful consideration of national exchange rates and monetary policy [2]

Group 1 - The core concern of the Bank of Korea's Governor Lee Chang-yong is that issuing a Korean won stablecoin may inadvertently increase reliance on US dollar stablecoins, complicating foreign exchange controls and threatening the effectiveness of monetary policy [1][2] - Governor Lee's warning highlights the fundamental contradiction faced by Korean monetary authorities: the need to embrace digital asset innovation while maintaining effective control over capital flows [1] - The issuance of a Korean won stablecoin could potentially become a new channel for capital outflow, raising concerns among regulators who view cryptocurrencies as speculative and competitive to national currencies [1] Group 2 - Last month, Governor Lee expressed concerns that stablecoins issued by non-bank entities could undermine the effectiveness of monetary policy and capital flow controls, emphasizing the need for the central bank to lead the regulation of stablecoins linked to the Korean won [2] - The ruling party in South Korea recently proposed a digital asset fundamental law aimed at establishing necessary regulatory infrastructure to assist local companies in issuing Korean won stablecoins [2] - The appointment of Kim Yong-beom, a former executive from a cryptocurrency company, as the chief policy officer by President Yoon Suk-yeol signals a more proactive stance towards cryptocurrencies compared to the previous administration [2]

Group 1: Recent Market Summary - The US-China negotiations have become more complex with the involvement of more aggressive officials, leading to increased uncertainty in trade discussions [7] - Trump's pressure on tariffs has heightened market uncertainty, with potential higher tariffs impacting various industries, particularly automotive and consumer electronics [7] - Social unrest in California due to immigration enforcement actions has disrupted local economies and increased national economic uncertainty [7] - The Middle East situation remains tense, particularly regarding Iran's nuclear negotiations, which could lead to increased geopolitical risks and market volatility [7] Group 2: Market Concerns - The trend of de-dollarization is observed, with a shift of capital from dollar assets to non-dollar markets, indirectly benefiting Hong Kong stocks [13] - Hong Kong's official foreign exchange reserves increased to $431 billion by the end of May 2025, reflecting a positive capital flow into the market [13] Group 3: US Macro Insights - The University of Michigan's consumer sentiment index improved to 60.5 in June, indicating a recovery in consumer confidence and expectations regarding the economy and job market [18] - The decline in inflation expectations to 5.1% for the next year suggests a more optimistic outlook for consumers [18] Group 4: Focus on Federal Reserve Meeting - The upcoming Federal Reserve meeting is anticipated to maintain interest rates, with market focus on future rate cut signals and economic forecasts [20] - The geopolitical tensions in the Middle East add uncertainty to the Fed's outlook, influencing market expectations for interest rate policies [20] Group 5: Stablecoins and Digital Assets - Circle's IPO has reignited interest in stablecoins, with USDC being a prominent player alongside USDT, which holds a significant market share [22] - Stablecoins are seen as a means to enhance the dollar's position in the global financial system, with potential market capitalization reaching $2 trillion [28] - Regulatory frameworks for stablecoins are being established globally, with the EU and Hong Kong implementing clear guidelines for issuance and reserves [28]

分析人士称，该法案有望为加密资产提供更清晰的合规路径，推动全球大型机构加速布局。 除美国外，欧盟已率先通过《加密资产市场法规》（MiCA），为稳定币设立统一标准；英国金融行为 监管局（FCA）也正在征求公众意见，关注稳定币与指定资产的价值挂钩机制。 与此立法进展同步，传统金融机构加速布局数字资产领域。摩根大通（JPMorgan Chase）日前宣布，将 通过其区块链平台Kinexys在Coinbase开发的Base公链上推出"存款代币"JPMD，专为机构客户提供7×24 小时结算和利息支付服务。Kinexys全球联合负责人纳文·马莱拉（Naveen Mallela）表示，JPMD有助于 提升链上资金流效率，与传统存款产品具备良好替代性。 摩根大通强调，相较面向公众的稳定币，存款代币在合规性、可控性方面更易与现有金融体系对接，具 备作为大型机构数字化结算工具的潜力。 根据美国国会公开资料，《天才法案》拟为稳定币发行方建立系统性的监管框架，涵盖储备资产类别、 信息披露与审计机制等关键条款。法案明确，稳定币发行人允许持有的储备资产包括法定货币、受保存 款、短期国债、回购协议、政府货币市场基金以及央行准备金，旨在保障 ...

智通财经APP获悉，摩根大通(JPM.US)将推出名为JPMD的代币试点项目，该代币代表这家全球最大银 行的美元存款。随着金融机构加速布局数字资产领域，这一举措标志着传统金融巨头在区块链应用上的 重要突破。 摩根大通区块链部门Kinexys by JPMorgan全球联席主管Naveen Mallela透露，预计数日内将完成一笔交 易：摩根大通会将固定金额的JPMD从银行数字钱包转移至美国最大加密货币交易所Coinbase Global(COIN.US)。 他表示，代币的发行与转移将在Coinbase旗下公共区块链Base上进行，且以美元计价。未来，Coinbase 的机构客户将能使用该存款代币进行交易。摩根大通计划将试点运行数月，待监管机构批准后，再扩展 至其他用户及货币币种。 这一动作显著拓展了摩根大通的区块链布局。目前，桑坦德银行、德意志银行和PayPal等全球银行及跨 国企业正探索利用数字资产实现更快捷低成本的支付。与此同时，美国国会近期即将批准稳定币相关立 法，预计将推动该技术的广泛应用。 数据显示，该网络交易量去年增长十倍，目前日均处理超20亿美元交易，但这仍仅占摩根大通支付部门 日均约10万亿美 ...

泰国财政部：已出台税收措施以促进数字资产发展。 ...