HK Stock Concept Stock of Stablecoin Surges, Victory Securities Up Over 10%

On July 7th, according to Cryptonews, the Russian Ministry of Energy has initiated the development of a national cryptocurrency mining equipment registration system. The purpose of this system is to combat illegal mining activities and boost tax revenue. This registration system will function as a central database encompassing all cryptocurrency mining equipment across the country. It is jointly developed by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Petr Konyushenko, the Deputy Minister of Energy of Russia, declared that the system will enable authorities to "accurately identify" those using electricity for cryptocurrency mining, ensuring that miners abide by relevant laws and enhance tax revenue.

On July 7th, according to the Jupiter Data Dashboard, in the past 24 hours within the Solana launchpad market share ranking, Letsbonk took the lead with 55.1%, while pump.fun came in second with 34.9%.

On July 7th, based on CoinGecko market data, ECHO (Echo Protocol) is currently priced at $0.05107. It has witnessed a 24-hour price change of 96.8% and a 24-hour trading volume of $12 million.

On July 7th, according to an official announcement, Binance will carry out batch adjustments to the collateral ratio of some assets in Portfolio Margin mode. The adjustments will take place at 06:00 (UTC) on July 8, 2025, and at 06:00 (UTC) on July 11, 2025. The July 8th adjustment pertains to 6 assets such as VIRTUAL and ONDO. The July 11th adjustment involves 6 assets including THETA and DYDX. Please refer to the official announcement for the specific adjustment ratios.

July 7th: Paul Chan, the Financial Secretary of Hong Kong, mentioned that the settlement cycle for the government-issued tokenized green bond has been shortened from the 5th trading day following the trade date (T+5) to T+1. Tokenization has led to an acceleration in the speed of fund transfers and an improvement in transaction efficiency. Digital assets and their blockchain technology are capable of reducing transaction friction costs. Tokenization can enhance the speed of fund transfers and transaction efficiency, and it is hoped that it will be widely adopted and integrated with the real economy.

On July 7th, Trader Eugene released his trading record and market outlook as follows: "I anticipate that we will witness a breakthrough this week. After thorough consideration, the asset I have selected is ETH. In late 2024 and early 2025, I swore that I would never have anything to do with it again. But now, I realize that the market positioning and tailwinds of ETH have changed significantly. These changes can be summed up as follows: 1. After the 'nuclear explosion' in April 2025, there was a significant reduction in holdings. The comprehensive surrender of traders and old whales led to ETH dropping from $4000 to $1300, and ETHBTC also hit a multi-year low of 0.018. Since then, the trading pattern of ETH has been drastically different from the past two years. I rarely see anyone other than developers treating $ETH as a core investment target, and most traders I interact with are reluctant to touch it. This means that from a long-term structural perspective, the market positioning