8.8 AI Daily AI Leads a New Era: The Release of GPT-5 Reshapes the Technological Landscape

1. Headlines

1. OpenAI releases GPT-5: A new era of AI writing and programming.

OpenAI officially launched GPT-5 early this morning, with CEO Sam Altman detailing the main features and functional upgrades of the new model at the press conference. GPT-5 has significantly improved language understanding, generation, and reasoning abilities, with particularly outstanding writing and programming skills.

GPT-5 adopts a completely new training architecture and algorithm, with a parameter count reaching an astonishing 1 trillion, which is 100 times that of GPT-4. In writing, GPT-5 can generate high-quality long text content based on prompts, including news reports, novels, scripts, and more. In the programming field, GPT-5 can not only generate code but also autonomously analyze requirements, design architecture, and carry out system development and testing, which is expected to fundamentally change the software development model.

In addition to the leap in capability, GPT-5 has also made breakthrough progress in cost and efficiency. Altman revealed that the inference cost of GPT-5 is over 90% lower than that of GPT-4, making large-scale commercial applications possible. OpenAI plans to open the API interface for GPT-5 for free in the coming months to promote the widespread application of AI across various industries.

Industry insiders believe that the arrival of GPT-5 marks the advent of general artificial intelligence. It will bring revolutionary changes to the software industry, content creation, customer service, and other fields, but it may also exacerbate the polarization of the job market. Governments and enterprises need to timely improve relevant policies and regulations to standardize the development and application of AI.

2. The Central Bank of China leads seven ministries: Incorporating AI into financial infrastructure.

The People's Bank of China and six other ministries jointly issued the "Guiding Opinions on Accelerating the Development of Financial Technology" recently. The "Opinions" clearly list emerging technologies such as artificial intelligence and blockchain as key areas for the construction of financial infrastructure, requiring financial institutions to increase their investment efforts.

The "Opinions" point out that emerging technologies should be fully utilized to reduce the cost of financial services and enhance risk prevention capabilities. Specific measures include: supporting financial institutions in optimizing business processes using AI and other technologies; encouraging the innovation of financial products and service models using blockchain and other technologies; and accelerating the construction of infrastructure such as financial clouds and financial data centers.

Industry insiders say that this move aims to promote the deep integration of financial technology with the real economy, supporting the high-end, intelligent, and green development of China's manufacturing industry. With the clarification of regulatory policies, it is expected that more financial institutions will increase their application and investment in new technologies such as AI.

At the same time, the "Opinions" also put forward requirements for the prevention of financial technology risks, including strengthening data security management and improving technical prudential supervision. Analysts believe that while promoting financial innovation, how to balance risk and efficiency will be a new challenge faced by financial institutions.

3. US stock companies plan to issue $5 billion in securities to purchase Ethereum

The U.S. listed company Fundamental Global Inc. recently submitted documents to the U.S. Securities and Exchange Commission, intending to issue securities totaling no more than $5 billion on a non-regular basis, with the proceeds primarily used to purchase Ethereum and hold it as a long-term reserve asset.

The company stated that the goal is to significantly increase the Ethereum holdings per share of common stock and to achieve this through a professional reserve strategy. In addition, the company has also signed an agreement allowing the issuance and sale of up to $4 billion in equity to provide funding support for its Bitcoin financial strategy.

Analysts believe that this move reflects institutional investors' recognition of the long-term value of cryptocurrencies. As the infrastructure for blockchain applications, Ethereum's demand is expected to continue to grow with the development of the ecosystem.

However, there are also viewpoints that believe the company's large-scale purchase of crypto assets carries certain risks. The drastic fluctuations in cryptocurrency prices may affect the company's financial status, and changes in regulatory policies could also bring uncertainties.

Overall, this news has once again drawn the attention of institutional investors to the cryptocurrency sector, and in the future, more similar initiatives are expected to emerge, with crypto assets likely to gain broader recognition and acceptance.

4. Scammers use AI videos to induce users to deploy malicious contracts, resulting in losses exceeding one million dollars.

The cybersecurity company SentinelLABS has discovered that some hackers are using AI-generated YouTube videos to lure users into deploying malicious smart contracts disguised as trading bots, resulting in over $1 million in cryptocurrency funds being stolen.

In the largest case, an address lured users into deploying malicious contracts and depositing Ether through a video that reached 387,000 views, ultimately stealing $900,000 worth of crypto assets.

The tactics employed by hackers include: using AI to generate fake avatars and voices, manipulating comment sections to delete negative comments, hiding the attacker's wallet address in contract code, etc. SentinelLABS warns that even code deployed on test nets should be thoroughly reviewed, as similar strategies can easily migrate across chains.

Insiders say this marks a new industrialized phase of cryptocurrency cybercrime. Hackers are using new technologies like AI to make their scams more covert and professional, posing great risks to ordinary users.

At the same time, some experts are calling for app stores and video platforms to strengthen their reviews to prevent the spread of such fraudulent content. They also advise users to be vigilant and not to easily trust "profit" opportunities on social media, to guard against being deceived.

5. Brazil plans to allocate 5% of its foreign exchange reserves to Bitcoin, potentially becoming the world's largest sovereign holder.

Recently, a member of the Brazilian Congress proposed a bill requiring the Ministry of Finance to allocate 5% of the foreign exchange reserves (, approximately 17 billion USD ), to Bitcoin and other digital assets. If this bill is passed, Brazil will surpass countries like El Salvador and become the largest sovereign holder of Bitcoin in the world.

The introduction of the bill reflects the increasing importance of Bitcoin globally. More and more countries are viewing it as a new type of reserve asset and payment method.

Supporters believe that holding Bitcoin is beneficial for diversifying portfolio risk, hedging against inflation, and capital outflow. It also helps promote the development of the cryptocurrency industry and attract related businesses to settle locally.

However, some critics are concerned that the severe fluctuations in Bitcoin prices may pose risks to the security of national wealth. Furthermore, there are still significant differences in regulatory policies for cryptocurrencies globally, and the future direction remains uncertain.

Analysts say that even if the bill is ultimately passed, the proportion of Bitcoin in the foreign reserves of sovereign countries will still be limited. However, this move will set an example for other countries and is expected to promote the inclusion of crypto assets in the global reserve asset system.

2. Industry News

1. Bitcoin returns to $119,000, market focuses on early entry opportunities in the presale of L2 newcomer coin Hyper.

Bitcoin has rebounded again after a brief correction, breaking through the $119,000 mark once more. Analysts believe that this surge is mainly driven by the positive effects of Trump's new policies and the continued inflow of institutional funds.

Trump signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, which is expected to bring up to $120 billion in potential incremental funds for Bitcoin. At the same time, several listed companies are increasing their holdings in Bitcoin, expanding the entry channels for institutional investors.

Despite the uncertainty in the macroeconomic environment, the market generally expects Bitcoin to break through again. This bullish atmosphere has also brought attention to the L2 newcomer coin Hyper's presale project. As the first Layer 2 scaling solution to operate on the Bitcoin network, coin Hyper is expected to address Bitcoin's scalability issues, attracting a large number of investors to get in early.

However, experts remind investors to be wary of high risks, suggesting diversification of investments and closely monitoring the direction of subsequent regulatory policies.

2. Ethereum aims for $6,000! New highs expected from the wave theory and Fibonacci extension resonance.

Ethereum ( ETH ) has recently shown strong prices, with market focus shifting towards a potential target above $6,000. According to the Elliott Wave ( EW ) theory and multiple resonances of Fibonacci extension levels, technical analysis indicates that ETH still has the potential to break its historical high.

Analysts point out that ETH is currently in the fifth wave of the Elliott Wave Theory, and it is expected to reach a new high in the range of $6,300 to $6,600. At the same time, Fibonacci extension levels also indicate a strong resistance resonance zone in the range of $6,000 to $6,500.

If ETH can break through this key area, it will open up an upward channel aimed at the next major target of 8,000 dollars. However, analysts also warn that if ETH fails to effectively break through the 6,000 dollar level, it may trigger profit-taking, thereby intensifying the pressure for a pullback.

Overall, ETH is currently at a critical stage of breakthrough, and whether it can break through $6,000 will determine the future market trend. Investors need to closely monitor price fluctuations and adjust their investment strategies in a timely manner.

3. The rebound signal for altcoins is clear! Solana, Cardano, and other five popular cryptocurrencies are expected to surge by 200-500%.

With the recent strong rise of Ethereum (ETH), market expectations for a explosive rally in altcoins have surged sharply. Several well-known analysts believe that the performance of ETH has become a key signal for the flow of funds into high-risk assets, and some altcoins are even expected to achieve astonishing gains of 200-500% in the coming months.

Analysts have focused on the five major popular altcoins: Solana(SOL), Cardano(ADA), (WLD), Aptos(APT), and Sui(SUI). Technical indicators show that these coins are currently in the bottom region and are releasing clear rebound signals.

Among them, the SOL price has broken through a key resistance level, the RSI indicator continues to rise and has released a buy signal, and it is expected to challenge the psychological barrier of $180 in the short term. ADA, on the other hand, has a potential target of $1.04 supported by a bullish fractal pattern.

However, market divergences remain, and some traders are cautious about the sustainability of this surge. They warn that altcoins are highly volatile, and investors need to manage their risk exposure and take profits in a timely manner.

This article will deeply analyze the current situation of five major altcoins, their potential breakout points, and the insights from historical short squeeze markets.

4. Bitcoin social sentiment has dropped to a five-year low. When will FOMO trigger a new round of BTC bull market?

Despite Bitcoin's price once again reaching $117,000, the market has shown a rare divergence: the social sentiment indicator risk value is only 0.039, marking a five-year low. This phenomenon indicates that, compared to the exuberant atmosphere during past bull market peaks, current market participation and public enthusiasm are significantly lacking.

Analysts point out that the divergence between Bitcoin prices and social sentiment mainly stems from the following reasons: first, institutional investors dominate, and their rational investment behavior suppresses excessive market enthusiasm; second, cryptocurrency regulation is becoming increasingly stringent, which affects the sentiment of some investors; third, after experiencing several rounds of bull and bear cycles, investors have a better understanding of the crypto market and will not be easily misled by speculation.

However, experts believe that the current sluggish social sentiment is precisely providing the conditions for a new round of bull market momentum. Once significant positive catalysts appear, such as clear regulations or large-scale institutional entry, market sentiment will quickly warm up, and the FOMO sentiment is expected to trigger a new round of bull market trends.

This article will analyze the logic behind the disconnection between Bitcoin prices and social sentiment, and explore the potential impact of this gloomy sentiment on future market trends.

( 5. Warning! YouTube fake Ethereum trading robot scam outbreak, $900,000 in crypto assets stolen.

Recently, a meticulously designed scam has swept through the crypto community, utilizing fake Ethereum trading robot tutorials and AI-generated content on YouTube, resulting in over $900,000 in stolen crypto assets. Cybersecurity firm SentinelLABS revealed that these scammers target users eager to learn about automated trading robots, ensnaring innocent investors through traps disguised as educational videos, leading to significant losses.

Fraudsters not only post fake tutorials on YouTube channels but also establish professional scam websites impersonating hardware wallets and other products. Notably, all attacks are centrally controlled through a single IP server, and some code shows the use of AI generation for rapid iteration.

Cybersecurity experts warn that this marks a new industrialized stage of cryptocurrency cybercrime, calling for app stores to strengthen their review mechanisms. Meanwhile, they also remind investors to stay vigilant and beware of scams.

This article will delve into the methods of fraud, the application of AI technology, and how to prevent this new type of cyber attack.

) 6. Pi Network integrates TransFi fiat deposit channel! Covering 70+ regions, supporting local payment to purchase PI coins.

The popular blockchain project Pi Network announced the completion of the KYB### Know Your Business### verification integration with the fiat deposit service provider TransFi, and is now officially connected to the Pi wallet. This move allows pioneering users( Pioneers) from over 70 countries worldwide to directly purchase and exchange PI tokens using local payment methods.

At the same time, the team announced that the auction deadline for the .pi domain name has been extended to the end of September, providing users with more time to bid for personalized We identity identifiers.

Analysts believe that Pi Network's move aims to prepare for the upcoming mainnet launch. By partnering with TransFi, the project team not only provides users with a more convenient way to purchase coins but also helps attract more mainstream users' attention.

However, some investors are cautious about the development prospects of Pi Network. They believe that the project team needs to further clarify the actual use of the token and provide more incentives to maintain community engagement, otherwise it may be difficult to retain user stickiness after the mainnet launch.

This article will deeply analyze the upgrade details, market expectations, and potential risks, helping investors grasp the latest developments of the Pi Network.

( 7. AI Weekly Hot Report ) 08.01-08.08 ###

The altcoin market shows signs of recovery, with the Alt In Index rising to 45, the 4-hour RSI breaking above 50, and technical analysis indicating that several altcoins are accumulating upward momentum. The second wave of the rally could bring over 30% returns, but experts remind investors to be cautious of high risks and to diversify their investments.

Whale Alert: A total of 230M Dogecoin accumulated within 24 hours, what could happen? Whale activity around Dogecoin is continuously increasing, with nearly 230 million Dogecoin accumulated in the past 24 hours. Analysts warn that if whales start selling off, it could trigger a sharp decline.

Meme Daily: MEMEFI skyrocketed over 500% and then halved; TST plummeted over 60%; ZORA increased by 35% in a single day. Industry practitioners speculate that altcoin contracts are easy to manipulate, be cautious of FOMO risks. Recently, the strategy with contract coins has been to suddenly spike after a long period of consolidation to attract funds, then violently crash to cut losses.

Solayer's launch is expected to bring Solana back to glory. The Solana ecosystem is undergoing a wave of innovation, and the launch of Solayer is expected to address Solana's pain points and revitalize its position in the Layer 1 space.

Overall, the altcoin market is accumulating rebound momentum, but investors need to be particularly wary of high-risk behaviors such as whale manipulation and contract coin liquidation.

3. Project News

( 1. Sui Network leads a new wave of the Move ecosystem

Sui Network is a brand new Layer 1 blockchain developed by Mysten Labs, aimed at providing high-performance and highly scalable infrastructure for the We era. Sui uses the Move programming language and, along with projects like Aptos and Starlord, leads the development of the Move ecosystem.

Latest Update: Sui Network has garnered significant attention at the TOKEN2049 conference, with its native token SUI experiencing a surge in price. The Sui ecosystem is also rapidly expanding, with popular projects like Cetus going live one after another. In addition, the launch of Grayscale Trust and Native USDC on Sui has injected new momentum into the Sui ecosystem.

Market Impact: As a representative project of the Move ecosystem, the development of Sui Network will directly influence the direction of the entire Move ecosystem. Its high performance and scalability are expected to drive the birth of more innovative applications, providing strong infrastructure support for the We era.

Industry feedback: Analysts believe that the technical advantages and ecological construction of Sui Network are promising, but currently there are few tradable assets, and star projects are still waiting to be incubated. However, as the ecosystem matures gradually, Sui is expected to become another heavyweight public chain after Ethereum.

) 2. Anthropic releases AI model GPT-5, opening a new era of "ambient programming".

Anthropic is an artificial intelligence company dedicated to developing safe and controllable artificial intelligence systems. Recently, the company released a brand new large language model, GPT-5, which has powerful multimodal capabilities.

Latest News: GPT-5 adopts a brand new intelligent mode, supporting dynamic model switching, allowing the invocation of different reasoning capabilities based on task requirements. Microsoft has integrated GPT-5 into products such as Microsoft 365 and GitHub, ushering in a new era of "ambient programming."

Market Impact: The launch of GPT-5 marks another breakthrough in artificial intelligence technology, with the potential to play an important role in multiple fields. "Ambient Programming" will greatly improve development efficiency, promoting the widespread application of artificial intelligence in software development, multimedia creation, and other areas.

Industry Feedback: Industry insiders believe that GPT-5 demonstrates the enormous potential of artificial intelligence technology, but at the same time, its safety and controllability need to be given high priority. In the future, artificial intelligence systems need to continuously innovate in various aspects such as computing power and data in order to truly achieve "general artificial intelligence".

3. Xauras has launched a third-generation DeFi liquidity protocol, reshaping ecological trust.

Xauras is a decentralized finance ### DeFi ### protocol focused on providing secure and efficient liquidity solutions. The protocol recently launched its third-generation liquidity protocol, aimed at reshaping trust in the DeFi ecosystem.

Latest updates: The new protocol adopts an AI-driven lending system, decentralized governance, and robust security measures, aiming to optimize risk management and enhance user experience. Xauras will also launch a token issuance to incentivize ecosystem builders.

Market Impact: As an innovative force in the DeFi ecosystem, the Xauras new protocol is expected to drive the industry towards a more secure and transparent direction. Its application of artificial intelligence technology will also bring new development opportunities to DeFi.

Industry feedback: Analysts believe that Xauras' innovative initiatives address the pain points of DeFi ecosystem development and are expected to reshape user trust in DeFi. However, it is also necessary to be vigilant about the potential risks brought by new technologies to ensure the security and reliability of the protocols.

( 4. The Anthropic Foundation launches the AI+We research program

The Anthropic Foundation is a non-profit organization dedicated to promoting the development of artificial intelligence and We technology. The foundation recently launched an AI+We research program aimed at accelerating the innovative integration of these two cutting-edge fields.

Latest updates: The plan will focus on five strategic areas, including decentralized generation agents, on-chain sourcing, AI asset markets, programmable creative engines, and security infrastructure. The foundation will provide funding support for relevant research.

Market Impact: The integration of artificial intelligence and We technology is expected to give rise to brand new application scenarios, bringing revolutionary changes to the digital economy. The launch of this plan will accelerate this process and promote the practical application of innovative technologies.

Industry feedback: Insiders welcome the plan, believing it will strongly promote the integrated development of artificial intelligence and We technology. However, it is also necessary to pay close attention to potential risks to ensure the safety and controllability of new technologies.

) 5. Pi Network integrates TransFi fiat deposit channel, PI coins can be purchased in over 70 regions worldwide.

Pi Network is a decentralized cryptocurrency project aimed at providing a fair cryptocurrency acquisition channel for users worldwide. The project has recently partnered with TransFi to offer fiat deposit channels for users in over 70 countries and regions.

Latest updates: Through integration with TransFi, Pi Network users can now purchase and exchange PI tokens directly using local payment methods without the complicated cryptocurrency trading process. At the same time, Pi Network has extended the auction deadline for .pi domain names until the end of September.

Market Impact: This move will further lower the threshold for using Pi Network, and is expected to attract more global users to join the project. At the same time, it will also promote the widespread application of cryptocurrency globally.

Industry feedback: Analysts believe that Pi Network's innovative model addresses the pain points of cryptocurrency popularization and is expected to promote the industry's development towards a more inclusive and equitable direction. However, potential regulatory risks must also be taken into account.

4. Economic Dynamics

1. The expectation of interest rate hikes by the Federal Reserve is warming up, and inflationary pressures persist.

Economic Background: The US economy experiences moderate growth in the first half of 2025, but inflationary pressures remain high. According to the latest data, the annualized GDP growth rate for the second quarter is 2.1%, slightly below expectations. However, the core Personal Consumption Expenditures Price Index (PCE) has increased by 5.3% year-on-year, well above the Federal Reserve's target level of 2%. The unemployment rate remains low at 3.6%, indicating a still tight labor market.

Important Event: The Federal Reserve decided to raise interest rates by another 25 basis points at the monetary policy meeting held at the end of July, raising the target range for the federal funds rate to 5.25%-5.5%. This is the Federal Reserve's tenth consecutive rate hike, aimed at curbing the rising momentum of inflation. Meanwhile, Fed Chairman Powell hinted that interest rates may continue to rise in the coming months until inflation data shows significant decline.

Market reaction: The Federal Reserve's hawkish stance has heightened concerns in the market about an economic slowdown. Investors expect that further interest rate hikes will dampen demand and increase the risk of an economic recession. The stock market briefly fell after Powell's speech, but bond yields rose, reflecting market expectations for higher interest rates. The business community expresses concerns over ongoing interest rate hikes, fearing that rising funding costs will squeeze profit margins.

Expert Opinion: Goldman Sachs Chief Economist Jan Hatzius stated that the Federal Reserve still needs to raise interest rates further to truly control inflation. He expects the benchmark rate to rise to around 6% by the end of 2025. On the other hand, former Federal Reserve Governor Narayana Kocherlakota believes that the Federal Reserve should pause rate hikes by the end of this year to assess the impact of the tightening measures implemented. He warned that excessive rate hikes could lead to a hard landing for the economy.

5. Regulation & Policy

1. Trump signs executive order to stop the "banking services being cut off" for the crypto industry.

U.S. President Trump signed an executive order on Thursday prohibiting federal regulators from preventing banks from providing services to the cryptocurrency industry on the grounds of "reputation risk." The White House stated that past unjust practices have undermined public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as a significant step towards ending the "Chokepoint 2.0" operation, which had led to the collective closure of bank accounts for cryptocurrency businesses.

Regulatory agencies such as the Federal Reserve have committed to stopping the use of "reputational risk" as a criterion for evaluating customer relationships. Trump's advisers believe that this practice not only violates the principles of fair competition but is also likely to push emerging financial services like cryptocurrency into illegal or unregulated underground markets.

Industry professionals have welcomed this policy. Coin Center Executive Director Jerry Brito stated that this is an important victory that helps ensure that crypto companies can access banking services. However, he also pointed out that more regulatory clarity is still needed to alleviate banks' concerns.

2. Trump signs an executive order allowing 401###k### retirement plans to invest in cryptocurrency

U.S. President Trump signed an executive order today, completely rewriting the rules for the 401K retirement plan, opening a $12.5 trillion market for 90 million savers and allowing alternative assets such as cryptocurrencies, private equity, and real estate to officially enter mainstream retirement portfolios. This historic initiative not only breaks long-standing regulatory barriers but also brings new opportunities and challenges for asset management companies and ordinary investors.

The command requires the Labor Secretary to re-examine and clarify the responsibilities and related procedures of trustees for alternative asset investments in 401(k) and other defined plans governed by the Employee Retirement Income Security Act, and to collaborate with federal agencies such as the Treasury Department and the Securities and Exchange Commission to promote regulatory adjustments, while instructing the SEC to amend regulations to facilitate the allocation of such assets in retirement savings plans.

This initiative aims to ensure financial fairness and freedom, and is seen as a key breakthrough for the mainstream adoption of cryptocurrency. Grayscale CEO Michael Sonnenshein stated that this will provide millions of Americans with a new way to access cryptocurrency, helping to drive the industry's growth.

However, regulators and traditional financial institutions still have doubts about this. Naomi Camper, policy director of the American Bankers Association, stated that while the emerging asset class may be attractive, there are also higher risks and liquidity challenges. She urged the Department of Labor to be particularly cautious when formulating new regulations.

( 3. The Central Bank of Ukraine Defines "Red Lines" for Cryptocurrencies: Strictly Prohibiting Their Use as a Means of Payment, Launching a Pilot for Electronic Hryvnia.

Andriy Pyshny, the head of the National Bank of Ukraine (NBU), has made it clear that the legalization process for virtual assets in Ukraine must strictly adhere to the "red lines"—they must not become a means of payment and cannot undermine the effectiveness of the central bank's monetary policy or evade wartime capital controls.

Peshenye emphasized that the core of legalization lies in "de-shadowing", which needs to comply with the FATF anti-money laundering standards and EU regulations to enhance international financial reputation. At the same time, the NBU is accelerating the testing of the central bank digital currency (CBDC) electronic hryvnia framework, collaborating with the European Central Bank, the Deutsche Bundesbank, and other institutions from five countries to prepare for a pilot project, paving the way for future large-scale issuance. In June, a proposal by Ukrainian lawmakers to allow the central bank to hold Bitcoin contrasted subtly with the current regulatory stance.

Cryptocurrency regulation in Ukraine has always been controversial. Some experts believe that against the backdrop of war, crypto assets can serve as important channels for financing and payments. However, the central bank is concerned that they may be misused for illegal activities such as money laundering. This clarification of stance aims to balance innovation and risk while maintaining financial stability.

Konstantin Yarmolenko, the chairman of the Ukrainian Cryptocurrency Association, stated that the industry will fully cooperate with regulatory requirements but hopes the government can provide more support for compliant enterprises. He urged the central bank to incorporate industry opinions during the pilot phase to jointly promote the legalization of crypto assets.

) 4. New regulations for stablecoins in Hong Kong are in effect! Animoca Brands and Standard Chartered Bank lead the first batch of license applications.

The joint venture Anchorpoint Financial Limited, formed by Animoca Brands, Standard Chartered Bank, and Hong Kong Telecommunications (HKT), has officially initiated the process of applying for a stablecoin issuance license in Hong Kong. With the official implementation of the Hong Kong "Stablecoin Ordinance" on August 1, this move not only marks the beginning of a new era of stablecoin regulation in Hong Kong but also draws significant global attention from the cryptocurrency industry towards the "strictest stablecoin regulations."

According to the new regulations, stablecoin issuers must obtain a license from the Hong Kong Securities and Futures Commission and meet strict requirements such as 100% reserve backing, auditing, and investor compensation. The tripartite partnership structure of Anchorpoint reveals how the stablecoin infrastructure needs to bridge expertise across traditional banking, blockchain technology, and telecommunications networks.

Standard Chartered Bank brings traditional banking compliance and reserve management capabilities, Animoca Brands contributes Web3 ecosystem knowledge through operating blockchain projects like The Sandbox, and HKT provides essential telecommunications infrastructure for payment processing. This partnership reflects the multi-layered technological and regulatory challenges of stablecoin issuance, which far exceed the simple creation of cryptocurrencies.

The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that the new regulations aim to promote Hong Kong as a digital asset hub while ensuring that investors are adequately protected. He emphasized that the regulation of stablecoins will inject new momentum into the development of fintech in Hong Kong.

However, industry insiders have differing views on the strictness of the new regulations. Syed Rahman, chairman of the Hong Kong Cryptocurrency Association, stated that the 100% reserve requirement may limit the profitability of stablecoin issuers. However, he agrees that the new regulations help improve industry transparency and public confidence.

5. China requires local brokerages to stop promoting stablecoins to prevent market overheating and potential risks.

Bloomberg reports, citing informed sources, that China has requested local brokerages and other institutions to stop publishing research reports related to stablecoins or hosting promotional seminars, in order to prevent excessive market heat and control potential risks.

Sources revealed that in late July and early August, some large brokerages and think tanks received guidance from financial regulatory authorities, requesting the cancellation of related activities and the cessation of disseminating research content on stablecoins. Recently, regulatory bodies in Beijing, Suzhou, and Zhejiang have issued risk warnings regarding illegal fundraising related to virtual currencies and stablecoins.

Analysts believe that this move reflects the concerns of Chinese regulators about the overheating of the stablecoin market. Although China has banned cryptocurrency trading, stablecoins still have certain applications in areas such as payments and cross-border settlements. Regulatory authorities hope to control the flow of information to prevent excessive speculation and illegal fundraising activities.

However, there are also viewpoints suggesting that China should establish a comprehensive regulatory framework rather than simply imposing a ban. Gu Fushen, a professor at Renmin University of China, stated that stablecoins possess important financial infrastructure attributes and should be included in the regulatory scope. He suggested that China could learn from the practices of places like Hong Kong and implement a strict licensing system for stablecoin issuers.