Weilin
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Hong Kong's Stablecoin Ordinance will take effect on August 1. Initially, only a few licenses may be launched, and unlicensed stablecoin promotion will be convicted
It may be arranged through an invitation application system to form a dual-track regulatory structure.
Weilin
The trillion-dollar asset management giant Charles Schwab has made a bold statement that it will "definitely compete with Coinbase" and is also planning stablecoins and tokenization
Charles Schwab is accelerating its expansion into the cryptocurrency field. According to the latest statement by CEO Rick Wurster, Schwab will launch Bitcoin and Ethereum trading services to provide customers with more comprehensive investment options and directly compete with cryptocurrency platforms such as Coinbase.
Weilin
Is it easier for lazy people to manage their finances? A survey of four types of financial products on Gate Exchange unlocks a "low threshold, high efficiency" investment model
For ordinary investors who lack professional knowledge and have difficulty in frequent operations, "lazy financial management" has become a more realistic choice. The diversified financial products launched by the crypto exchange Gate are tailored for various users: whether it is Yubibao's low-risk return model, or structured tools such as on-chain coin earning, dual-currency investment, and fixed investment, they all provide a way to participate in the growth dividend of the crypto market without tedious operations.
Weilin
Trump officially signed the Genius Stablecoin Act: Several crypto company executives were present to witness. What new opportunities do stablecoin issuers face?
As the first federal regulatory framework for stablecoins in U.S. history, the GENIUS Act provides a clearer regulatory direction for the U.S. market and also fulfills Trump's crypto promises when he was running for president to win over voters.
Weilin
Voting was full of twists and turns! The U.S. House of Representatives finally passed procedural votes to advance three pieces of encryption legislation, and the Genius Act is expected to be signed th
The latest vote on three crypto-related legislation in the U.S. House of Representatives lasted more than nine hours, setting a record for the longest procedural vote in the House of Representatives. In the end, at about 11 p.m., the vote was 217 in favor and 212 against. A day earlier, the bill unexpectedly failed to pass the procedural vote of the House of Representatives.
Weilin
Shanghai and Wuxi are exploring stablecoins to help foreign trade. Related concept stocks continue to strengthen, but risks cannot be ignored.
The Party Committee of Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting on July 10 to study the development trends and response strategies of cryptocurrencies and stablecoins. Subsequently, A-share digital currency and blockchain concept stocks continued to rise in the afternoon of July 11.
Weilin
Phantom integrates Hyperliquid perpetual contract function. Can it break through the wallet war with tens of millions of monthly active users?
Phantom has launched perpetual contract trading, which is supported by Hyperliquid's API. In recent months, Phantom has been affected by the overall market and faced with revenue retracement and market growth pressure. Can it break through in the fiercely competitive wallet war?
Weilin
"Wall Street Calculator" Tom Lee has become an ETH bull. Why is he so optimistic about Ethereum and its treasury strategy?
Tom Lee is known as the "Wall Street Calculator" on Wall Street. Recently, he was appointed as the chairman of the board of directors of the mining company Bitmine and participated in the company's $250 million Ethereum treasury strategy, which attracted widespread attention in the market.
Weilin
The Solana collateralized ETF "SSK" performed well after its launch, bypassing the traditional regulatory framework by registering as a "Type C company". Are other copycat ETFs on the way?
The REX-Osprey Solana Collateralized ETF exceeded the expectations of many market observers with $33 million in trading volume on its first day. It was able to launch in a relatively short time due in part to its choice of a “C-Corporation” registration form. This structure allowed the fund to bypass the traditional ETF approval process and go public quickly.
Weilin
Review of payment products of top crypto exchanges: Credit cards, debit cards and apps create "trading is life", fierce competition begins
From Coinbase, Gemini, Crypto.com, to Kraken, Bybit, Bitget, Gate, KuCoin, etc., major trading platforms have launched or upgraded payment products to compete for the connection channel between crypto assets and the real world. Most crypto payment cards support major markets such as the European Economic Area and the United States, and many platforms provide 2%-10% crypto cashback benefits.
Weilin
Hong Kong Web3 system upgrade: Policy 2.0 is implemented, stablecoins and RWA become the focus, and more than 40 institutions have taken the lead
On June 26, the Hong Kong Special Administrative Region Government issued the "Hong Kong Digital Asset Development Policy Declaration 2.0", which made detailed deployments based on the initiatives proposed in the first policy declaration in October 2022, focusing more on practical applications and ecological construction, and reaffirming the SAR government's commitment to building Hong Kong into a global innovation center in the field of digital assets.
Weilin
Interpretation of the Texas Bitcoin Reserve Act: The first to be implemented, with a $10 million allocation and the use of derivatives
Texas Governor Greg Abbott recently signed SB 21. From procurement to custody standards, how will Bitcoin reserves be implemented? The Texas government has allocated $10 million. This fund will be managed by the Texas Comptroller and established outside the state fiscal system rather than being included in the traditional state fiscal system.
Weilin
How Tim Draper, the father of Silicon Valley venture capital and the "enlightener" of Pop Mart's angel investor Mai Gang, bets on Bitcoin and the next era
Mai Gang's "vision" is partly due to his "enlightener" during his early years studying in the United States - Tim Draper, a well-known Silicon Valley venture capitalist. The projects invested by Tim Draper have promoted some of the most innovative developments in the market today, including Skype, Baidu, Hotmail, Tesla, etc. Tim Draper is also an early and firm believer in Bitcoin.
Weilin
Blum will launch TGE: Building a one-stop Meme coin trading experience in the TON ecosystem. What development potential does the project led by former Binance executives have?
Through a native trading bot based on the Telegram Mini App, Blum provides a fast and ultra-simple trading experience - reducing the traditional cumbersome 40+ meme coin trading steps to a few clicks.
Weilin
JPMorgan Chase launches JPMD "deposit token" experiment: claims to be better than stablecoins, for institutional pilot
JPMD is deployed on the Base blockchain supported by Coinbase and will be piloted for several months. It may have interest-bearing functions in the future. The launch of JPMD is not a hasty move. As early as 2023, JPMorgan Chase began studying the feasibility of deposit tokens in its blockchain division Kinexys.
Weilin
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