BiyaPay Analyst: Hong Kong Stock Stablecoin Concept Stocks Soar, Golden Inflow Investment Up 140%, Guotai Junan International Rises 16%
July 8th. The Hong Kong stock concept stocks related to cryptocurrency and stablecoins continued to rise, demonstrating strong performance. Guotai Junan International witnessed a surge in its stock price by 16%. New Frontier Corporation and Multi-Dimension Technology each rose by more than 10%. Meanwhile, Euroclear and OSL Group also saw gains of over 5%. Driven by the stablecoin concept stocks, the market remains hot.
It is particularly worth noting that GoldenStream Investment's stock price skyrocketed by more than 140% after reaching a strategic partnership with AnchorX. According to the announcement, GoldenStream Investment and AnchorX signed a strategic cooperation framework memorandum on July 4th. AnchorX has utilized advanced distributed ledger technology to introduce AxCNH, a stablecoin pegged 1:1 to the offshore Chinese yuan. Both parties will focus on promoting the application of AxCNH in cross-border payments and trade settlements and further explore the development of digi
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ReserveOne Plans to Launch Over $1 Billion Bitcoin-Dominated Digital Asset Reserve
On July 8th, as per GlobeNewswire, the digital asset management firm ReserveOne Inc. declared today that it has reached a definitive business merger agreement with the Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The company intends to hold and manage a portfolio of crypto assets, with Bitcoin as its core, encompassing assets with staking and lending yield potential like Ethereum, Solana, and others, and offer asset appreciation services to institutional investors.
This transaction is anticipated to bring ReserveOne more than $1 billion in financing, which includes approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, consisting of $500 million in common stock and warrants and $250 million in convertible bonds.
The strategic investors participating in this round of financing are: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and other institutions. After the transaction is completed, ReserveOne
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SOON Team Responds to Unusual Price Volatility: No Token Dumping, Will Continue to Drive Product Development
On July 8th, Joanna Zeng, the co-founder and CEO of SOON, posted a message indicating that recently, the SOON community and project have experienced abnormal fluctuations in token prices. The initial investigation by the SOON team found that this fluctuation was suspected to be organized manipulation behavior targeting multiple assets, including SOON, with the intention of creating panic and making a profit.
SOON officially emphasized: 1. The team has not sold any SOON tokens and has not profited from this event; 2. The project will not be terminated, and product development will continue.
SOON Labs stated that they will continue to promote the development of the ecosystem, conduct a thorough investigation into the event, and will release a detailed analysis report to the community later.
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Gyroscope Dynamic Liquidity Pool: Launching on the Ethereum mainnet with LP Incentive Program
On July 8th, Gyroscope officially announced that ETH/USDC and ETH/USDT have been launched on the Ethereum mainnet. Each is supported by GYD - Gyroscope Stablecoin Incentives, with an APR of up to 143%.
The design goals of the Dynamic Liquidity Pool are as follows: 1. Provide real returns through efficient exchange fees; 2. LPs do not need to manage or adjust positions; 3. Offer more efficient and secure broad-spectrum liquidity.
Similarly, the Dynamic Liquidity Pool includes BTC/Stablecoin, which has already delivered better performance to LPs on Base. Its dynamic mechanism avoids costly rebalancing, enabling LPs to obtain automatic market-making profits that surpass those of other DEXs in the market. The Dynamic Liquidity Pool will be launched on Sei and more L2s.
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