From the perspective of JD.com's structure, what kind of enterprises can issue stablecoins in compliance?

> JD can ship because it is sufficiently "like Hong Kong".

Written by: Portal Labs

On May 21, 2025, the Hong Kong Legislative Council passed the "Stablecoin Ordinance Bill", paving the way for the compliant issuance of stablecoins in Hong Kong. Consequently, the Web3 market, especially the Chinese (Mandarin) market, is focusing on the internet giants participating in the sandbox program.

Since June, discussions on stablecoins have been sparked in China, led by JD.com. On June 17, according to Sina Finance, JD's Liu Qiangdong stated that JD.com hopes to apply for stablecoin licenses in all major currency countries around the world to facilitate currency exchange between global enterprises. On June 18, JD Coin Chain Technology CEO Liu Peng mentioned in an exclusive interview with Bloomberg Businessweek that the Hong Kong dollar and multi-currency stablecoins have been successfully tested in the Hong Kong Monetary Authority's "sandbox" and are expected to progress in Q4 of this year.
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JPMorgan Warns: New U.S. Tariffs Could Trigger Dangerous Stagflation

According to the latest forecast from JPMorgan, the U.S. tariff policy may lead to a painful scenario of stagflation — a toxic mix of stagnant growth and persistent inflation. This warning comes as the bank revises its 2025 U.S. GDP growth estimate down from 2% to just 1.3%.
In its semiannual
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Users Shocked as Ledger Phases Out the Classic Nano S Wallet!

Ledger, a prominent player in the cryptocurrency hardware wallet market, has announced its decision to discontinue support for one of its legacy devices, the Ledger Nano S. This move has sparked varied reactions within the blockchain community, especially among long-time users of the Ledger Nano S.
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Bankless: The Wave of Privacy Technologies in Crypto Assets

Author: David C, Source: Bankless, Translated by: Shaw Jinse Caijing
As concerns about surveillance and data development intensify, the cryptocurrency sector has recently accelerated the integration of privacy-enhancing technologies (PET) into its core infrastructure.
Blockchain is designed to be completely transparent. While the crypto industry has long emphasized privacy methods (such as token mixers or privacy-based tokens), it has also been working to expand the scope of privacy (beyond simple DeFi and payments) without restricting privacy to specialized networks.
As blockchain is increasingly applied in artificial intelligence training and institutional financing, the adoption of alternative cryptographic technologies is also becoming more popular. Among them, four technologies are particularly hot: Multi-Party Computation ( MPC ), Fully Homomorphic Encryption ( FHE ), Trusted Execution Environment ( TEE ), and Zero-Knowledge Transmission Security Layer ( z.
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Crypto Crunch: Why One of Britain’s Biggest Banks Is Saying No to Digital Assets

Starting June 27, Barclays will prohibit cryptocurrency transactions using Barclaycard credit cards, citing risks associated with purchasing cryptocurrencies.
Barclays Cites Cryptocurrency Volatility
Effective June 27, Barclays clients will no longer be able to conduct cryptocurrency transactions
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Bitcoin Reclaims $107,000, But MVRV Ratio Flags Bull Market Fatigue | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Despite escalating geopolitical risks in the Middle East over the past week, Bitcoin (BTC) has shown remarkable resilience, rebounding strongly from nearly $98,000 on June 21 to slightly
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Pi Network rise 19%: Can it reach the $1 level in the future?

Pi Network has returned to the spotlight of cryptocurrency with a strong bullish increase of 19% in the last 24 hours, reaching $0.63. This surge is driven by the growing excitement surrounding the upcoming Pi2Day event and a significant increase of 153% in trading volume to $285.65 million. This coin
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The secret connection between Iran's nuclear facilities and underground Mining Farms.

> As the sound of explosions from the U.S. airstrikes on Iran's nuclear facilities echoed, the global Bitcoin network suddenly "flatlined."

Written by: Nicky, Foresight News

In the early hours of June 21, the United States launched the "Midnight Hammer" airstrikes against three nuclear facilities in Iran: Fordow, Natanz, and Isfahan, shaking not only the geopolitical landscape of the Middle East. At the same time, the global Bitcoin network's hash rate suddenly plummeted from about 1000 EH/s to below 650 EH/s. This seemingly unrelated digital fluctuation instantly ignited speculation: "Could Iran's Bitcoin mining farms be hidden in the foundations of these nuclear facilities?"


Despite the head of blockchain analytics firm Galaxy Research, Alex
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Is Kaspa (KAS) Gearing Up for a Breakout Rally? This Fractal Pattern Says Yes!

The cryptocurrency market is recovering, with Ethereum rising above $2,475 and altcoins like Kaspa (KAS) gaining momentum. KAS exhibits a bullish fractal pattern similar to SEI, indicating a potential breakout if it exceeds resistance and the 100-day moving average.
ai-iconThe abstract is generated by AI
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