LinkFocus

Global stock markets experience intense volatility, with U.S., Hong Kong, and mainland Chinese stock indices plunging sharply, and digital assets like Bitcoin also facing a crash. The main reasons are the tensions in U.S.-China trade and concerns about a global recession, with Trump's tariff policies triggering market panic. On the Federal Reserve side, Trump calls for interest rate cuts, while Powell remains cautious; the MOVE index rises, and the market is highly focused on future policies and economic data.

Chinese Central Bank Urgently Warns: Beware of Fake Digital Renminbi Investment Scams!

The article points out that local governments lack unified disposal rules after seizing cryptocurrencies, leading to chaotic procedures, financial dependence, and corruption risks, and private sector involvement raises pricing and regulatory issues. To address this, it proposes establishing the legal status of digital assets in the Civil Code, creating nationwide unified custody and valuation standards, promoting dual-track disposal domestically and abroad, and using blockchain to achieve asset tracking and transparency, exploring a transition from bans to classified governance.

Hacker phishing techniques upgraded: One-click to clear cryptocurrency wallets?

美国当地时间2025年7月17日，这一天注定将被载入全球加密货币的发展史册。在经历了数日的激烈政治攻防与党派协商后，美国众议院以前所未有的效率，在被誉为“加密货币周”的立法马拉松中，一口气通过了三项对产业具有奠基意义的重磅法案。这场立法上的“三连胜”，不仅为美国的稳定币、市场监管和金融隐私权划定了清晰的法律框架，更被视为一个明确的信号：加密货币正在从一个充满不确定性的新兴领域，加速迈向合规化、主流化的新纪元。
市场对此报以雷鸣般的掌声。在法案通过的激励下，全球加密货币总市值飙升，一度逼近4兆美元大关。这一惊人的体量，若将其视为一个单一实体，其价值将仅次于全球最大的上市公司微软（Microso

Harvard University makes a bold bet of $117 million on Bitcoin? Bitcoin ETF holdings surpass Google stock! Bitcoin Stock

The global stablecoin battle is reshaping the monetary landscape. The United States is promoting stablecoins backed by U.S. Treasuries through the GENIUS Act, attempting to extend dominance with digital dollars or delay structural reforms. Asia is rapidly rising, adopting multi-currency stablecoins and regional corridors to reduce reliance on the U.S. dollar: Japan, South Korea, Hong Kong, and Singapore are implementing clear regulations, China is advancing its RMB-pegged stablecoins, and regions like India are driven by grassroots demand. The market is shifting from dual dominance to multipolarity; if 1-2% of cross-border payments are tokenized, annual transaction volume could reach $2-4 trillion.

In 2024, the SEC approved Bitcoin spot ETFs, opening the door for institutional capital to enter; BlackRock’s IBIT became one of the most profitable ETFs, and in 2025 net inflows hit a record high, pushing prices higher. Investment banks such as Morgan Stanley will include cryptocurrencies in clients’ asset allocation, citing a potential allocation of 2%–4%. On a macro level, de-dollarization and growing safe-haven demand are driving funds toward scarce assets; endorsements from celebrities such as Jones boost confidence. Wall Street is moving from the periphery to the core, and in the future, it may see an additional push of trillions of dollars in funding.

Yao Qian, a former senior official of the China Securities Regulatory Commission, was involved in cryptocurrency corruption through abuse of power, with the amount involved reaching hundreds of millions of yuan. He used hardware wallets to hide illicit funds and built a complex fund flow network to launder money. He was eventually apprehended, revealing the important role of technology in anti-corruption efforts. This case serves as a warning to corrupt officials that technology cannot escape regulation.