Odaily News The concept of stablecoins has continued to be strong recently. On the news front, the Hong Kong Stablecoin Ordinance will come into effect in August. The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Xu Zhengyu, said on the 7th that the HKMA is currently consulting the market on the implementation of the guidelines for the regulations. The guidelines will be announced within this month, and the specific content will involve anti-money laundering and other related requirements. Xu Zhengyu also stated that the number of stablecoin licenses approved will be in the single digits, and he hopes to receive applications after the regulations come into effect, with the goal of issuing licenses within this year. Tonight, many related concept stocks responded on the interactive platform, disclosing their relevant layouts in stablecoins and virtual assets. - Deep Technology: The company is not involved in stablecoin-related businesses for the time being; - Guojin Securities: Guojin Securities Co., Ltd., a subsidiary of the company, is preparing to apply for virtual asset-related trading licenses; - Jihong Shares: There is currently no plan to apply for a stablecoin license; - Dongxin Heping: The company has not participated in JD.com's test business for applying for a stablecoin license in Hong Kong; - Jihong Shares: There is currently no plan to apply for a stablecoin license. (Zhitong Finance)

Odaily News Genius Group, a New York Stock Exchange-listed company, announced that it has increased its original Bitcoin treasury reserve target of 1,000 BTC by 10 times, and plans to purchase 10,000 BTC within 12-24 months. Genius Group also stated that the company has achieved a 74% BTC yield between May 22, 2025 and July 4, 2025. (Globenewswire)

Odaily News The Bitfinex Alpha report states: Bitcoin is still in a narrow consolidation range between $100,000 and $110,000, and market participants are waiting for decisive catalysts to determine the direction. The price trend continues to use the historical high of $109,590 set in January as resistance, while the short-term holder actual price (STH-RP) continues to support between $98,220 and $99,474. Despite the recent rebound in prices from levels below $100,000, the overall trend has stagnated, and the current market structure reflects a delicate balance: profit-taking pressure has eased, but the lack of sustained momentum shows that buyers are also hesitant.

Odaily News Trump Media Technology Group announced the launch of the streaming service Truth+ platform. It is reported that the relevant streaming channels and video-on-demand content are now available worldwide through the Truth+ application for iOS and Android devices, the network, and the Truth+ application for Apple TV, Android TV, Amazon Fire and Roku connected TVs. (Globenewswire)

Odaily News Robinhood announced the launch of tokenized stocks last week, but sparked strong opposition for providing private equity to OpenAI without consent. Broker Bernstein believes that despite OpenAI's objections, Robinhood still defines the token as a derivative and doubles down on stock tokenization, betting on the support of the U.S. Securities and Exchange Commission (SEC) and the CLARITY Act to unlock the tokenized asset market. (The Block)

Odaily News Nasdaq-listed BitFuFu released an unaudited production and mining operations update report for June 2025, which disclosed that the mining output in June was 445 BTC, and the Bitcoin holdings increased to 1,792 as of June 30, an increase of 83 Bitcoins from the Bitcoin holdings on May 31, 2025. (Globenewswire)