比特币飙升至历史新高，美股加密板块盘前普涨，Coinbase Global涨1.9%，Bitfarms涨6.5%，Strategy涨 3.2%，Riot Platforms涨3.2%，Hut8涨3.7%，Mara Holdings涨3.5%，iShares比特币信托涨3.8% ...

Core Viewpoint - DeFi Development aims to raise capital through debt and equity to invest in Solana, creating a potential investment opportunity but also raising questions about the effectiveness of this strategy compared to directly investing in Solana itself [2][10]. Group 1: Company Strategy - DeFi Development holds 690,420 Solana, valued at approximately $109 million, and stakes most of these coins to generate yield [4]. - The company recently increased a convertible note sale to $112.5 million, allocating $75 million for share buybacks and the remainder for purchasing more Solana [5]. - A partnership with BONK, a meme coin project, aims to enhance the company's ecosystem and potentially drive demand for Solana [7][9]. Group 2: Financial Metrics - DeFi Development's stock trades around $25, with an implied value of about $5.90 of Solana per share, indicating a significant premium over the direct investment in Solana [10]. - The convertible notes convert at $23.11, introducing leverage risk that could dilute equity if Solana's price declines [11]. - Interest on the debt could reduce staking yields, and existing equity lines may lead to further dilution for shareholders [12]. Group 3: Investment Considerations - The current premium on DeFi Development's stock reflects investor hope for management's ability to generate value faster than Solana itself [11]. - If Solana's price increases significantly and staking rewards remain high, the company's per-share crypto backing could improve, potentially reducing the premium [13]. - Direct investment in Solana is suggested as a safer option, avoiding risks associated with DeFi Development's management and debt [14].

比特币此次价格突破了117000美元，这是其价格历史上的又一个重要标志。在此之前，比特币价格常常 大幅波动。不过此次创下新高，还是出乎了很多人的意料。推动价格上涨的原因有不少，比如在全球流 动性宽松的情形下，投资者开始寻觅新的投资途径。部分大型金融机构进入市场，增强了市场的信心， 也增加了资金。 市场反应 比特币价格突破了117000美元，这个价格创造了新的高度，这种情况在金融市场引起了极大的轰动。比 特币有着去中心化的特性，它的总量是固定的，吸引了众多投资者的关注。可是，比特币价格波动剧 烈，并且缺少监管，这产生了不少隐患。接下来就详细说一说这一现象。 价格飙升 金融市场对此有了明显反应，这带动了加密货币市场的整体情绪，进而使得相关概念股迎来一波上涨， 投资者参与热情高涨，一些原本持观望态度的人也心动入场，不过不少专家表示担忧，因为现在价格处 于高位，追高风险较大，所以投资需谨慎 。 技术分析 从技术方面来说，这次比特币价格上涨展现出了良好的状态，各项技术指标都处于积极的形势，价格走 势所形成的上升趋势线比较稳固 。不过，技术分析只是在一定程度上起到参考的作用，它没办法完全 精准地预测后市的发展状况，因为比 ...

与此同时，全球监管环境的边际改善，也助推了比特币价格的抬升。香港《稳定币条例》将于今年8月1日生效， 首创 "价值锚定监管" 原则，允许合规稳定币发行商接入传统金融基础设施。欧盟《加密资产市场监管法案》则通 过风险分级监管，将比特币纳入大宗商品型资产，明确其财产权属性。特朗普家族企业也在积极布局。据美国证 券交易委员会（SEC）网站披露的信息，特朗普媒体与科技集团（Trump Media & Technology Group）计划推出一 只名为"Truth Social Crypto Blue Chip ETF"的加密货币交易型基金，拟投资包括比特币、以太坊、Solana、Cronos 和XRP在内的多种数字资产。 7月11日，因投资者涌入风险资产并平仓空头头寸，比特币（BTC）价格持续飙升。继前一天创下纪录后，比特币 价格攀升至新的历史高点。截至北京时间7月11日12:00点，比特币价格最新上涨超5%，达116908.5美元。比特币 盘中最高触及117,488美元，较年初涨幅超过20%，较2020年低点累计上涨超20倍。 比特币价格走势 根据加密衍生品分析平台CoinGlass的最新数据，截至7月11日早间 ...

Group 1: Photovoltaic Industry - The photovoltaic sector is experiencing a potential rebound after significant declines, with optimistic mid-term targets suggested based on previous key points [1] - Caution is advised due to the long-term downtrend, and the current price is approaching a critical resistance level [1] - Recent performance in sub-sectors like photovoltaic glass and silicon materials is strong, indicating a need for detailed analysis of the industry chain [1] Group 2: Digital Currency and Other Sectors - Digital currency has shown strong performance recently, potentially leading the market, but caution is necessary as it may face competition from other sectors [2] - The PCB sector is currently underperforming but is seen as having potential once it confirms recovery, linked to the broader computing power market [2] - The military industry shows signs of weakness, with adjustments expected, but there may be opportunities for new military stocks post-correction [3] Group 3: Investment Strategy - The focus is on balancing caution with opportunities in previously strong sectors like digital currency and PCB, despite potential adjustments [3] - Priority is given to sectors with strong past performance, including digital currency, PCB, banking, pharmaceuticals, and power steel [3] - There is interest in exploring companies with significant mid-term profit growth, although predicting financial reports remains challenging [3]

维多利亚，塞舌尔, July 11, 2025 (GLOBE NEWSWIRE) -- 全球领先的加密货币交易所和 Web3 公司 Bitget 计划在 2025 年第二季度销毁 30,001,053.1 枚 BGB 代币（占总供应量的 2.56%），按 2025 年第二季度的平均价格计算，价值约 1.38 亿美元。 根据 Bitget 推动本土生态代币增长的策略，今年上半年累计销毁的 BGB 代币总量已超过总供应量的 5%。 BGB 已成为 2025 年表现最出色的中心化交易所代币之一，在交易量和市值方面持续名列前茅。 自首次发布以来，BGB 经历了多次战略升级，现已发展成为 Bitget 生态系统中的核心资产。 它之所以越来越受欢迎，离不开用户对其在多个平台功能中广泛用途的持续需求，包括质押、手续费折扣、Launchpad 准入资格及专属活动参与资格等。 Bitget 生态系统拥有超过 1.2 亿用户，BGB 作为基础设施的核心支柱，支持着用户激励机制和各类产品的流动性保障。 季度 BGB 销毁机制是一项自动化且事先公开的计划，根据平台的收入表现和 BGB 的使用情况定期销毁一部分流通中的代币。 这种有 ...

证 券 研 究 报 告 非银金融行业深度研究报告 从铸币到流通：稳定币生态拆解 推荐（维持） ——稳定币系列报告之一 行业研究 非银行金融 2025 年 07 月 11 日 证券分析师：徐康 电话：021-20572556 邮箱：xukang@hcyjs.com 执业编号：S0360518060005 联系人：崔祎晴 邮箱：cuiyiqing@hcyjs.com 行业基本数据 华创证券研究所 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 71 | 0.01 | | 总市值(亿元) | 73,466.14 | 6.95 | | 流通市值(亿元) | 56,759.47 | 6.82 | 相对指数表现 | % | 1M | 6M | 12M | | --- | --- | --- | --- | | 绝对表现 | 8.5% | 13.3% | 50.4% | | 相对表现 | 4.8% | 5.9% | 33.4% | -8% 18% 44% 69% 24/07 24/09 24/12 25/02 25/04 25/07 2024-07-10~2025-07-10 非银行 ...

Market Performance - The three major U.S. stock indices rose collectively, with the S&P 500 and Nasdaq both closing at new highs [1][4] - The Dow Jones Industrial Average increased by 192.34 points to 44,650.64, a rise of 0.43% [4] - The S&P 500 index rose by 0.27% to 6,280.46, marking its eighth record close this year [4] Company Highlights - Nvidia's market capitalization surpassed $4 trillion for the first time at closing [5] - Delta Airlines shares rose by 11.99% following a positive earnings outlook indicating a rebound in demand [8] - United Airlines and American Airlines also saw significant increases in their stock prices, rising by 14.33% and 12.72% respectively [8] Cryptocurrency Developments - Bitcoin reached a new all-time high, climbing over 4% to $115,877.4, with earlier peaks exceeding $117,000 [14] - The surge in Bitcoin led to a significant number of liquidations in the market, with over 230,000 traders affected in the past 24 hours [14][16] Economic Commentary - Recent uncertainties in the market have eased, providing support for stock performance, as noted by Wells Fargo's global equity strategist [13] - President Trump urged the Federal Reserve to take swift action to lower interest rates, reflecting ongoing pressure on monetary policy [2][18] - Federal Reserve officials indicated that a rate cut could be discussed in the upcoming July meeting, with a 64% probability of a 25 basis point cut by September [20]

港股午评：恒生科技指数涨超2%，券商股走强 金十数据7月11日讯，今日早盘，港股三大指数开盘后震荡走高。截至中午收盘。恒生指数收涨1.9%， 恒生科技指数收涨2.08%，国企指数收涨1.83%。中资券商股今日大幅走强，中州证券(01375.HK)涨超 64%，市值突破150亿港元；加密货币概念连日上涨，新火科技控股(01611.HK)涨超18%；生物医药概念 回升，药明康德(02359.HK)涨超11%；除此以外，保险、芯片、黄金、科网等概念涨幅居前。教育、电 力设备、电池、内房等概念早盘低迷。个股方面，金涌投资(01328.HK)收涨28%；盘中周杰伦发布第一 个抖音视频，巨星传奇(06683.HK)收涨21%；阿里巴巴(09988.HK)、美团(03690.HK)均涨超3%。 ...

2025.07. 11 本文字数：1025，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 根据多个主流交易平台报价数据，比特币于周四盘中最高触及116,488.83美元，创历史新高，年初 至今涨幅超过20%。 美联储6月会议纪要显示，多数美联储官员认为年内降息是合适的，释放出更为鸽派的信号。鲍威尔 表示，这一立场增强了市场风险偏好，间接利多包括比特币在内的高波动资产。此外，美元指数近期 持续走弱，作为以美元计价的加密资产，比特币也因此受益。 周四，美国股市亦同步收高，标普500指数与纳斯达克指数双双创下收盘新高。 市场将此轮涨势归因于美国政策支持与机构买盘的共同推动。 今年3月，美国总统特朗普签署行政命 令，宣布设立"国家战略加密货币储备"，成为美国首次在官方层面引入数字资产战略。此外，特朗普 还任命多位加密货币支持者进入关键岗位，包括美国证券交易委员会委员保罗·阿特金斯（Paul Atkins）以及美国科技顾问委员会主席大卫·萨克斯（David Sacks）。 自2024年1月美国批准首批现货比特币ETF以来，相关产品已吸引超过500亿美元的资金流入。仅在 2025年7月的前两周，ETF净流入就超过12亿 ...