Odaily Planet Daily News Hong Kong SAR Government Financial Secretary Paul Chan Mo-po published a blog on the 29th saying that financial technology has great potential in cross-border trade applications, and the goal is to solve the long-standing pain points of slow cross-border payments and high costs, and better serve the real economy in the field of payment. The "Digital Asset Development Policy Declaration 2.0" released last week, one of the four pillars is "promoting application scenarios and cross-sector cooperation", which mentioned that stablecoins are cost-effective alternatives outside the traditional financial system, and have the potential to bring changes to payment and capital market activities, including cross-border payments. The law on stablecoins will take effect on August 1 this year. The SAR government and financial regulators will strive to create a favorable market environment, with necessary regulatory measures, to promote issuers to promote the application of stablecoins to different scenarios, and help solve the real pain points in business and citizens' lives. (Jinshi)

Odaily Planet Daily News According to the roadshow materials obtained by Caixin.com, the underlying assets of GF Securities (Hong Kong)'s Hong Kong dollar and offshore RMB tokenized securities are all one-year fixed-rate notes. The annualized interest rate of the Hong Kong dollar tokenized notes is 3.01%, and the subscription starting point is 800,000 Hong Kong dollars; the annualized interest rate of the offshore RMB tokenized notes is 1.90%, and the subscription starting point is 700,000 RMB. It is reported that the issuer of the GF Token product is GF Global Capital Co., Ltd., a wholly-owned subsidiary of GF Holdings (Hong Kong) Co., Ltd., which is in turn a wholly-owned subsidiary of GF Securities. The guarantor is GF Holdings (Hong Kong) Co., Ltd., and GF Securities (Hong Kong) Brokerage Co., Ltd. provides custody. The company holds the No. 1 license issued by the Hong Kong Securities and Futures Commission.

According to Foresight News, OpenAI has begun renting Google TPU chips to provide computational power for products like ChatGPT. This marks the company's first significant use of non-Nvidia chips. The collaboration aims to reduce OpenAI's reliance on Microsoft's data centers and offers Google an opportunity to challenge Nvidia's dominance in the GPU market. OpenAI intends to lower inference computation costs by utilizing Google's cloud-based TPU chips.

The U.S. Congress is accelerating the passage of the "Big Beautiful Bill" that Trump has been pushing for, which is the core piece of the puzzle of Trump's economic agenda.

According to data from Nansen, daily transactions on Sei have surged threefold over the past quarter, hitting a record 1. source: https://coindoo.com/sei-network-activity-surges-as-transaction-fees-jump-nearly-2000/

After briefly surging from $0. 49 on June 22 to $0. 64 on June 26, Pi Coin has slipped over 2% and is currently trading around $0 source: https://coinpedia.org/news/pi-network-news-banxas-19m-liquidity-boost-fails-to-lift-price-whats-next/

Human Rights Foundation’s Alex Gladstein told a group of US political leaders that Bitcoin has “essentially saved” citizens living under dictatorships. source: https://cointelegraph.com/news/bitcoin-bad-for-dictators-human-rights-foundation-bitcoin-policy-summit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

From beauty salons to black markets, why are Bolivians embracing crypto like never before? source: https://ambcrypto.com/inflation-fuel-shortages-and-430m-in-crypto-bolivias-financial-shift-explained/

G7 countries agreed on a side-by-side tax agreement, relieving American firms. source: https://www.cryptopolitan.com/g7-eases-global-tax-rules/

Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world. source: https://cryptodnes.bg/en/vitalik-buterin-warns-digital-id-projects-could-end-pseudonymity/

Odaily Planet Daily News Bitget Onchain Trading (Onchain) has launched Solana and BNB Smart Chain's MEME tokens RICH, REKT, pfpdog, MONKEPHONE, MOONCOIN, and MOONCAT. Users can start trading in the on-chain trading section. Bitget Onchain Trading (Onchain) aims to seamlessly connect CEX and DEX to provide users with a more convenient, efficient, and secure on-chain trading experience. Users can directly use Bitget spot accounts (USDT/USDC) to trade popular assets on the chain. Currently, popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base are supported.

With the official release of the Hong Kong Digital Asset Declaration 2.0, more companies will apply for virtual asset trading licenses in the future. I believe that relevant support policies of the Hong Kong government will also be released one after another. Let us wait and see!

Trump, TRUMP, WLFI, Trump made a lot of money and left, leaving only the leeks sad. Golden Finance, do you still remember the once popular "Trump Coin"?

Golden Finance launches the 2739th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Stablecoins, financial system, banks, what exactly are the stablecoins that are hotly discussed around the world? Golden Finance, the future is here, only those who are stable can go far!

Would you be amazed if a company generated more than $13 billion in net profit with only 165 employees?

On June 27, the launch of an interest-bearing tokenized security in the Hong Kong Special Administrative Region of China attracted widespread attention from the local financial market.

Federal Reserve Chairman Powell suddenly announced that reputation risk would be removed from the bank regulatory assessment system.

Amid the Circle IPO craze, we have been wondering where the next stage of the stablecoin battlefield will be?

Liu Ying: Stablecoin is a special kind of cryptocurrency. The so-called specialness is actually the asset it is anchored to, which may be legal tender or gold.