Wuxi Municipal Committee: Exploring the Practical Path of Stablecoin Empowering Foreign Trade Development

On July 7th, based on market data, during pre-market trading, some cryptocurrency-related stocks in the US market witnessed an increase. These included: Bit Digital (BTBT.US) rising by 12.93%; SharpLink Gaming (SBET.US) increasing by 5.72%; Circle (CRCL.US) going up by 1.72%; IREN Ltd (IREN.US) rising by 3.09%.

On July 7th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address of the suspected staking and validation service provider Arthapala once again deposited 2940 ETH into HTX within the past 2 hours (approximately $7.5 million).

On July 7th, according to an official announcement, the UK-based publicly traded blockchain company Coinsilium Group Limited announced that its wholly-owned subsidiary, Forza Gibraltar Limited, had purchased 14.9 bitcoins, raising its total holdings to 88.63 bitcoins.

On July 7th, CoinShares released its latest weekly report indicating that funds in digital asset products witnessed a net inflow of $1.03 billion in the past week, marking the 12th consecutive week of net inflows. Among them, the U.S. market took the lead with a net inflow of $1 billion; while there were net outflows in Canada and Brazil, which reflected the divergent investment sentiments in different regions. Ethereum continued to show relative strength. Over the past 11 weeks, its average weekly net inflows accounted for 1.6% of its managed assets, compared to Bitcoin's 0.8% during the same period.

On July 7th, according to official channels, Binance has declared that the newly launched "Real PNL" feature has attained the following: 1. Monitoring of top contract traders; 2. Real-time viewing of their trading activities; 3. Users are also able to choose to share their own actual trades and compete on the leaderboard.

On July 7th, Guolian Securities stated on its interactive platform that its subsidiary, Guolian Securities Limited, is preparing to apply for a virtual asset-related trading license. The company has had multiple interactions with international and Hong Kong-based institutions with rich experience in this field and will actively promote the specific application process in the future. Guolian Securities Limited holds business licenses issued by the Hong Kong Securities and Futures Commission, including: No. 1: Securities Trading; No. 2: Futures Contract Trading; No. 4: Providing advice on securities; No. 6: Providing advice on corporate finance; No. 9: Providing asset management. The company will continue to enhance its active expansion of overseas business. By leveraging the advantage of its Hong Kong subsidiary having all the No. 1, 2, 4, 6, and 9 licenses, it has achieved efficient business synergy to provide more comprehensive financing and investment services to its overseas clien