BOSS Wallet报道，在这场逐步演化的金融格局中，XBIT去中心化交易平台成为推动比特币普及和应用 的重要力量。XBIT不仅打破了传统中心化交易所"资金托管不透明、操作风险大"的弊端，通过智能合 约技术构建链上撮合交易系统，还提供包括多链互通、超低手续费、实时资产验证等功能，保障用户在 交易过程中的每一个细节都更高效、更安全。XBIT.Exchange去中心化交易平台的持续优化，也进一步 降低了用户的入场门槛，使得比特币的"储值属性"在普通人之间得到更广泛的认可与实现。 文章来源:BOSS Wallet 除此之外，XBIT去中心化交易平台的技术设计也极具前瞻性。该平台不仅支持主流公链的深度整合， 同时还搭载ZK技术、跨链桥接能力和去中心化身份验证系统，逐步构建起一个更完整的Web3生态金融 体系。XBIT目前已覆盖多个国家和地区的用户群体，并在北美、东南亚和欧洲市场形成了具有高度活 跃度的社区生态圈。比特币作为核心资产在平台上的流通也在不断提速，充分印证了XBIT的"可扩展 性"和对去中心化理念的持续探索。对于那些想要配置比特币等数字资产以对冲通胀风险的投资者来 说，XBIT无疑提供了一个更透明、更自主 ...

Group 1 - The "Chuan Chao" football league is set to kick off, with Chengdu team recruiting elite players for various positions and aiming to gather 23-50 athletes [2] - The robotics industry is on the brink of large-scale industrialization, with humanoid robots increasingly appearing in diverse life scenarios, driven by breakthroughs in artificial intelligence [3] - The animated film "Wang Wang Mountain" has surpassed a box office of 828 million, entering the top ten of China's domestic animated film box office rankings [4] Group 2 - The Federal Reserve has announced the cancellation of a specialized regulatory plan for banks' cryptocurrency and fintech activities, opting to include these activities under regular banking supervision [5] - Meta has achieved a market capitalization exceeding $2 trillion, becoming the sixth company in the U.S. stock market to reach this milestone [7] - A new flexible robot developed by a research team in China has successfully operated at depths of 4,000 meters, showcasing advancements in deep-sea exploration technology [8] Group 3 - President Trump has indicated plans to impose tariffs on semiconductors, potentially as high as 300%, as part of a broader expansion of tariff policies [9] - Douyin e-commerce has cracked down on false advertising in live streams, resulting in nearly 37,000 influencers permanently losing their selling privileges [10] - The Port of Los Angeles has reported its highest container throughput in 117 years, processing approximately 1,019,837 twenty-foot equivalent units in July, an increase of about 8.5% year-on-year [11] Group 4 - The passing of independent director Li Bin at Liyuan Technology has been announced, with the company expressing deep condolences and planning to complete the election of a new independent director [13][14]

Core Viewpoint - Grayscale is rebranding its Dogecoin Trust to Grayscale Dogecoin Trust ETF and plans to list it on NYSE Arca under the ticker "GDOG" [1] Group 1: Company Actions - Grayscale has submitted a registration statement for the rebranding and listing of its Dogecoin Trust [1] - The NYSE Arca has previously received related filings for Grayscale Dogecoin Trust [1] Group 2: Industry Context - Grayscale is not the only entity applying for such products, as Rex-Osprey and Bitwise have also submitted similar applications [1]

Core Insights - Circle's first quarterly report post-IPO shows a net loss of $482 million due to non-cash expenses, but revenue reached $658 million, a 53% year-over-year increase, exceeding market expectations [2][3] - The launch of the Arc blockchain by Circle aims to establish a new ecosystem for USDC, enhancing its competitive edge in the stablecoin market [3] - The listing of Bullish on the NYSE saw its stock price rise nearly 84% on the first day, reflecting strong market interest in compliant crypto platforms [2][3] Financial Performance - Circle reported a revenue of $658 million for Q2 2025, marking a 53% increase year-over-year, despite a net loss of $482 million attributed to IPO-related non-cash expenses [2] - The reserve return rate for Circle remains stable at 4.1%, with USDC's average platform share at 7.4%, indicating a solid operational foundation [2] Market Dynamics - The competitive landscape in the crypto trading sector is intensifying, with compliant platforms like Bullish gaining traction against decentralized exchanges (DEX) [2][3] - The collaboration between Coinbase and Mercury aims to reduce costs for MetaMask users, further promoting USDC's circulation and adoption [3] Industry Trends - The stablecoin sector is evolving from merely a payment tool to a foundational infrastructure for digital finance, driven by innovations in compliance and cost efficiency [3] - The focus on risk management, ecosystem collaboration, and regulatory alignment is becoming central to the sustainable development of the stablecoin industry [2]

Investment Rating - The report rates the computer industry as "Recommended" [1] Core Insights - Circle's quarterly report highlights the stability of the stablecoin industry, showing a revenue of $658 million for Q2 2025, a 53% year-on-year increase, despite a net loss of $482 million due to IPO-related non-cash expenses [2] - Bullish's successful debut on the NYSE with a closing price of $68, up nearly 84% from its $37 issue price, reflects the growth potential of compliant crypto platforms [3] - The launch of Circle's Arc public chain and Coinbase's partnership with Mercury aim to reshape the competitive landscape of stablecoins, enhancing USDC's role as an ecosystem infrastructure [4] Summary by Sections Circle's Quarterly Report - Circle reported Q2 2025 revenue of $658 million, a 53% increase year-on-year, with a net loss of $482 million due to IPO-related expenses [2] - The reserve return rate remains stable at 4.1%, with USDC's daily platform share at 7.4%, indicating a solid foundation for digital finance [2] Bullish's Market Performance - Bullish's first-quarter data shows a spot trading volume of $647 billion and perpetual contracts of $111 billion, with a 78% year-on-year increase in trading volume [3] - The platform's support for USDC trading enhances asset options, aligning with traditional finance's demand for compliant assets [3] Arc Public Chain and Coinbase Partnership - Circle's Arc public chain is designed for USDC, featuring high scalability and privacy functions, aiming to establish a technological barrier in the stablecoin sector [4] - The collaboration with Coinbase aims to reduce USDC circulation costs, promoting the evolution of stablecoins from payment tools to ecosystem infrastructure [4] Investment Recommendations - Beneficial targets include companies like Zhongyou Capital, Zhongyin Hong Kong, and Circle, among others [5]

Core Viewpoint - Huajian Medical is strategically transitioning from a traditional medical leader to a Web3 financial hub by launching the "Global Enhanced Ethereum Vault" strategy, which involves significant investments in Ethereum (ETH) as a core reserve asset [5][11]. Group 1: Strategic Initiatives - Huajian Medical has initiated a dual-track business model focusing on Ethereum (ETH) reserves and a tokenization engine for medical innovation intellectual property [5]. - The company has partnered with HashKey Group to facilitate large-scale Ethereum (ETH) transactions and explore the integration of crypto assets with real-world assets, particularly in medical innovation [6][7]. - The first purchase of 5,190 Ethereum (ETH) at a price of $3,661 per unit has resulted in a significant unrealized gain, with plans to invest an additional HKD 880 million to become a leading Ethereum reserve holder [8] [20]. Group 2: Market Context and Investment Rationale - Ethereum (ETH) is increasingly viewed as "digital oil" by Wall Street, with significant institutional interest driving its price upward, reaching $4,008.96 on August 8, 2025 [11][12]. - The demand for Ethereum (ETH) is reflected in the rapid accumulation by global companies, with 59 firms holding a total of 1.97 million ETH, representing 1.44% of the circulating supply [12]. - The investment value of Ethereum (ETH) is bolstered by its role as a leading financial infrastructure and its deflationary characteristics post-EIP-1559 upgrade, which has reduced the supply growth rate [13]. Group 3: Risk Mitigation and Value Creation - Huajian Medical has established a seven-layer down protection mechanism to safeguard shareholder interests and mitigate risks associated with Ethereum (ETH) price volatility [15]. - The company employs a three-layer enhancement engine to optimize the returns on its Ethereum vault, focusing on yield generation and capital efficiency [16]. - The strategic framework aims to create a win-win network among researchers, investors, and patients, significantly reducing the time and cost associated with bringing innovative drugs to market [23]. Group 4: Valuation Potential - Huajian Medical's valuation strategy is compared to MicroStrategy and Metaplanet, which have successfully leveraged cryptocurrency investments to enhance their market capitalization [18]. - The company's market capitalization has already surpassed HKD 12 billion, with expectations to exceed HKD 100 billion as the Ethereum vault strategy unfolds [20]. - The performance of Bitmine Immersion Technologies (BMNR), as a leading Ethereum vault holder, serves as a benchmark for Huajian Medical's potential market growth [22].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 IVD Medical Holding Limited 華檢醫療控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1931） 自願性公告 打 造「全 球 增 強 版 以 太 坊（ETH）金 庫」、升 維 公 司 全 球 戰 略、為 生 態 參 與 者創造價值 本 公 告 由 華 檢 醫 療 控 股 有 限 公 司（「本公司」或「華檢醫療」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）自 願 作 出，旨 在 向 股 東、潛 在 投 資 者 及 市 場 各 方 全 面 闡 述 本 集 團 最 新 戰 略 升 級 暨 升 維 舉 措－經 董 事 會 決 議 通 過，本 集 團 正 式 啟 動「具 備 下 行 保 護 機 制 的 全 球 增 強 版 以 太 坊（ETH）金 庫」戰 略（「以 太 坊（ETH） 金庫戰略」） ...

Core Viewpoint - The signing of the GENIUS Act by President Trump establishes a regulatory framework for stablecoins at the federal level in the U.S., aiming to facilitate the development of the crypto finance industry by removing regulatory barriers [1][4]. Group 1: Regulatory Framework - The GENIUS Act mandates that stablecoin issuers must hold at least a 1:1 ratio of reserve assets, including cash, bank deposits, U.S. Treasury securities, and other high-liquidity government assets [3]. - Bank issuers will be regulated by the Federal Reserve, while non-bank issuers will be overseen by the Office of the Comptroller of the Currency (OCC) [3]. Group 2: Market Impact - The act allows foreign stablecoins that meet technical and compliance standards to be used in the U.S., enhancing flexibility for cross-border payments [4]. - The signing of the act is expected to boost market trust and drive industry growth, with major U.S. tech and retail companies exploring stablecoin applications to reduce credit card fees, potentially saving billions annually [4]. Group 3: Future Projections - Current reports indicate approximately $250 billion in dollar-pegged stablecoins are in circulation, with over 80% of reserve assets in U.S. Treasury securities, creating an additional demand of about $200 billion for the Treasury market [5]. - Standard Chartered predicts that the stablecoin market could reach $2 trillion by 2028, with corresponding Treasury demand between $1.2 trillion and $1.6 trillion, positioning stablecoin issuers as the second-largest buyers of U.S. Treasuries after the Federal Reserve [5]. Group 4: Banking Sector Response - Despite the potential for stablecoins to enhance payment efficiency, some banks remain cautious, with JPMorgan questioning the necessity of stablecoins and Citigroup highlighting high exchange costs between stablecoins and fiat currencies [6]. - Some banks are considering forming industry alliances to launch compliant and interoperable stablecoins [6]. Group 5: Overall Implications - The passage of the GENIUS Act marks a significant step in U.S. stablecoin regulation, providing a clear legal framework for the crypto industry and laying the groundwork for payment innovation and financial modernization [6]. - As tech companies and traditional financial institutions accelerate their stablecoin strategies, the U.S. may gain a competitive edge in the future digital finance landscape, although challenges in practical application and regulatory refinement remain [6].

Group 1 - The core viewpoint is that stablecoins have gained significant attention in various sectors, including personal investment, financial markets, and government regulation, especially with the introduction of the "Genius Act" and increased involvement from major tech companies [1] Group 2 - Stablecoins are not fiat currencies but are issued by private entities, with examples including USDC by Circle and USDT by Tether, and they are primarily traded on private platforms [2] - Stablecoins are pegged to assets like the US dollar, ensuring that 1 stablecoin equals 1 dollar, with reserves backing their issuance, as mandated by the "Genius Act" [2] - The market for stablecoins is highly concentrated, with 99% pegged to the US dollar or dollar assets, and USDT and USDC accounting for approximately 90% of the over $240 billion market cap of stablecoins [2] Group 3 - The US government supports dollar-pegged stablecoins to reinforce the dollar's position as a global payment and reserve currency, especially as its dominance has been challenged [3] - The "Genius Act" allows US debt to be used as reserves for dollar stablecoins, potentially increasing their scale and attractiveness amid rising US federal debt exceeding $36 trillion [3] - The US aims to lead in financial innovation through stablecoins, preventing other countries from establishing new financial orders [3] Group 4 - The support for stablecoins by the US has caused turbulence in global financial markets, with increasing participation from various institutions and companies in issuing stablecoins [4] - Concerns arise regarding the potential for stablecoins to facilitate money laundering and cross-border crime, posing challenges for monetary authorities in managing exchange rates and capital flows [4] - The future status of the dollar as a key currency will depend on the US's economic strength and the international acceptability of its policies, rather than solely on innovations in financial tools [4]

Group 1 - Polymarket is returning to the US market by acquiring QCX for $112 million, following the termination of a federal investigation against it [1][2] - The platform allows users to bet on future events through a "prediction market" mechanism, which gained significant traction during the 2024 US presidential election [1][2] - The US Department of Justice and the Commodity Futures Trading Commission (CFTC) have officially notified Polymarket that their investigation is concluded, which previously focused on compliance with a 2022 settlement agreement [1][2] Group 2 - The acquisition of QCX, which received CFTC approval to operate in July 2025, enables Polymarket to legally reopen to US users [2] - Polymarket's advertising during the Republican National Convention and in New York City has drawn considerable attention, introducing many to the concept of "crypto prediction markets" [2] - Despite the acquisition, the regulatory status of prediction markets in the US remains ambiguous, with ongoing debates about whether such contracts constitute "speculative instruments" [2]