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According to CoinDesk, as the competition for tokenization in the capital markets heats up, the Securities Transfer Association (STA) recently submitted a letter of opinion to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party organizations may undermine market integrity and calling on regulators to prioritize support for tokenized securities authorized by publicly listed companies in future rule-making.The STA represents several Wall Street transfer agents, whose members believe that true tokenized stocks should be formally authorized by the issuing company and recorded in the official shareholder register, rather than created as "packaged" token products by independent platforms.The association pointed out that third-party stock tokens may confuse investors about the actual rights they hold and expose them to risks related to platform credit, custody, and operations, without establishing a direct legal relationship with the publicly listed company. Therefore, any innovative exemptions, pilot projects, or permanent regulatory frameworks for tokenized securities should prioritize the issuer-supported model.The STA also urged the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities custody system is inadequate to meet the real-time transfer and settlement needs of on-chain securities, and suggested that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global market for tokenized stocks, valued at approximately $2 billion, is primarily dominated by third-party models, including products launched by Ondo Finance and Kraken, while organizations like Securitize and Figure adopt the issuer authorization model.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.08%, the S&P 500 index fell by 0.32%, and the Nasdaq Composite Index fell by 0.73%. Technology stocks generally declined, with SK Hynix down over 8%, SanDisk down over 6%, Micron Technology down 5%, Qualcomm down 1%, and Intel down 4%.

According to The Information, the Depository Trust & Clearing Corporation (DTCC) plans to showcase a real-time stock trading settlement process based on blockchain technology this Wednesday, focusing on verifying the feasibility of this technology in the clearing, settlement, and recording stages to enhance the operational efficiency of capital market infrastructure.

According to the latest disclosure from the U.S. Office of Government Ethics (OGE), Trump earned over $1.4 billion last year through his family-led cryptocurrency projects (including World Liberty Financial and Trump Meme Coin).According to an analysis by Reuters, by the end of 2025, the value of the traditional stock and bond portfolio held by Trump is expected to increase to between $703 million and $2.6 billion, a significant rise from the $225 million to $608 million range at the end of 2024.The report states that the proceeds from his cryptocurrency projects were subsequently allocated to traditional financial assets. In addition, data shows that as of April this year, retail investors participating in the four cryptocurrency projects supported by Trump have incurred cumulative losses of about $2.3 billion. The White House responded that Trump's related assets are managed by an independent third-party institution with full authority.

According to CoinDesk, Jurien Timmer, the Global Macro Director at Fidelity, stated that Bitcoin is approaching the bottom support line of its "power law model" constructed based on the complete price history of Bitcoin. This long-term support level is currently around $58,000, while the current price of Bitcoin is approximately $62,700, gradually nearing this area, or may have already entered the "accumulation zone" defined by the model.However, Jurien Timmer did not confirm that the market has bottomed out, but believes that Bitcoin may not experience a rapid rebound immediately. Instead, it is expected to fluctuate around the long-term support line for several months. Short-term capital has previously exited, and the flow of funds has rotated from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, the market's pursuit of hot sectors is still mainly concentrated in the semiconductor field.

According to the official announcement from Gate, Gate has completed the cash dividend distribution for 144 stocks including Taiwan Semiconductor Manufacturing Company (TSM), Nasdaq 100 ETF (QQQ), Merck (MRK), and some ETFs, and has proportionally distributed the equivalent amount in USDT to the spot accounts of eligible users without requiring any action from them. This dividend distribution covers multiple categories including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate, utilities, and index and sector-themed ETFs. Users can check the dividend details in the APP under 【TradFi】 - 【Stocks】 - 【Trading】 - 【History】 - 【Funds Flow】 or on the Web under 【Stocks】 - 【Funds Flow】. The final amount and timing of the funds received will be subject to the actual receipt situation.

According to Finance Magnates, Webull EU has obtained a MiCA license issued by the Dutch regulatory authority. This is also one of the first significant approvals of cryptocurrency licenses in the market after the transition period ended on July 1. Webull plans to use this license to launch cryptocurrency trading and custody services in Europe by the end of 2026.Webull Securities (Europe) CEO Andries van Luijk stated that this move is an important milestone in the company's expansion in the European market, and Webull will provide users with "secure and compliant digital asset services" under the EU's unified regulatory framework. According to reports, after the implementation of MiCA, the number of licensed cryptocurrency institutions in Europe is now close to 200.

According to reports from Jiemian News, the prospectus shows that Changxin Technology has implemented a rare employee stock incentive plan in the semiconductor industry before its listing. The company launched two phases of employee stock ownership plans over four years, granting shares to a total of 6,760 individuals, accounting for 35% of the total number of employees, with a higher proportion of R&D and highly educated personnel. Chairman Zhu Yiming publicly promised to distribute the granted 768 million shares to current employees free of charge within ten years after the company has been listed for 36 months, and he personally committed not to reduce his holdings within ten years after the listing. This initiative aims to retain core talent and stimulate team motivation through a long-term interest-binding mechanism during the lengthy technology catch-up cycle.In terms of performance, benefiting from the AI-driven super cycle in the storage industry, Changxin Technology has achieved a strong turnaround and significant growth. The company expects to achieve revenue of 110 billion to 120 billion yuan in the first half of 2026, a year-on-year increase of more than six times; the net profit attributable to the parent company is expected to reach 50 billion to 57 billion yuan.Previous news: According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its intention to list on the Sci-Tech Innovation Board and the "Issuance Arrangement and Preliminary Inquiry Announcement" on July 9, officially starting the IPO issuance process on the Sci-Tech Innovation Board. The announcement disclosed that the offline subscription date and online subscription date for the company's new shares are both set for July 16, 2026. The stock code for Changxin Technology/offline subscription code is "688825," and the online subscription code is "787825." This public offering plans to issue approximately 6.688 billion shares (before the exercise of the over-allotment option), while the issuer grants CICC an over-allotment option not exceeding 15.00% of the initial number of shares issued; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion shares.

Binance will launch the bStocks tokenized security SK Hynix (SKHYB) spot trading pair SKHYB/USDT on July 13 at 21:30, and will enable spot algorithm trading bot services. Deposits and withdrawals for SKHYB will open on the same day at 22:30. Users can enjoy zero maker fees during the event, which ends on September 1 at 07:59.

Bitget CEO Gracy Chen posted on the X platform, pointing out that the situation in the Middle East changed dramatically this weekend. As the traditional U.S. stock market closed and global traders sought outlets, Bitget's U.S. stock tokens (rToken) served as RWA assets supporting 24/7 trading, absorbing the overflow of trading demand. Data shows that the trading volume of rToken reached ten times that of the previous week, with an increase of about 2.2 times compared to the average of weekends in June; among them, rNVDA, rMU, and rGOOGL ranked in the top three for trading volume, and the weekend trading activity of VIP users on the platform was stronger than the average user.Gracy Chen emphasized that although the absolute trading volume of U.S. stock tokens over the weekend is still in its early stages, the moments of market volatility have highlighted the importance of 24/7 trading.

High-performance AI-native PayFi L1 public chain AXON Finance announced the completion of a new round of institutional financing, with a total amount of 2 million USD. Among them, Infinite Alliance led the investment with 1 million USD; UZ Capital and Bluemount Foundation co-invested with 1 million USD.The funds from this round will be used to accelerate the construction of AXON L1 infrastructure and promote the launch of its first open ecosystem, the "U.S. Stock Copy Trading Engine." As the first open ecosystem of the PayFi public chain, the U.S. Stock Copy Trading Engine is supported by AXON's L1 settlement and account abstraction infrastructure, opening up the prediction platform ecosystem. AXON serves as the underlying infrastructure technology provider. Together, they form a closed loop of "prediction platform traffic diversion and AXON stablecoin yield": users can obtain stable returns by copying trades with idle stablecoins on the prediction platform through AXON L1, thereby allowing AXON to accumulate real on-chain traffic and TVL.

According to Gate market data, the Hong Kong stock market is showing overall fluctuations and differentiation, with some high-elasticity stocks rising against the trend. The top three gainers on the Gate platform for Hong Kong stocks are: Weili Zhibo-B, which surged 29.90%, currently reported at HK$64.85; Guanglian Technology Holdings, which rose 21.70%, currently reported at HK$4.99; and China Huajun, which increased by 20.66%, currently reported at HK$1.46.

The South Korean stock market continues its downward trend for nearly a week, once again experiencing a circuit breaker led by Samsung and SK Hynix. The continuous decline in the stock market seems to have started to deter South Korean retail investors, with a noticeable phenomenon of funds flowing back into the cryptocurrency market.According to Coingecko data, the largest CEX in South Korea, Upbit, has a trading volume of $4.12 billion in the last 24 hours, an increase of 436%. The top 5 cryptocurrencies by trading volume on this CEX are: Bitcoin, XRP, ETH, T, and BLAST.

After recently launching the financing trading feature, BIT today announced the official launch of the US stock margin trading (short selling) feature. Regarding this business upgrade, BIT brokerage head Elio Cui stated: "With the launch of margin trading, BIT brokerage has become one of the very few in the industry to support financing, margin trading, and options preparation on a trading platform under the real US stock framework. Our product planning has been aimed from the beginning at building a complete traditional brokerage investment experience. Within the same account, users can seamlessly connect long and short positions and risk hedging to respond to different market cycles with higher capital efficiency."After the launch of this feature, BIT margin account users who meet the initial margin requirements can short sell specified US stocks. The platform will dynamically update key risk control indicators such as margin rates, borrowing interest, and margin pool limits in real-time to ensure transparency and efficiency in trading.In conjunction with the new business launch, BIT brokerage is offering a limited-time "0 fee" promotional activity. The activity is subject to relevant terms and conditions; details can be found on the BIT US stock channel X platform.

On July 13, according to WEEX TradFi data, the three major U.S. stock indices slightly rose last Friday, oil prices remained strong, and precious metals were generally weak. The market will focus this week on the U.S. June CPI, bank earnings reports, developments in the U.S.-Iran situation, and related dynamics from the Federal Reserve.Key events include: the release of the U.S. June CPI on Tuesday, where core inflation data may impact expectations for Federal Reserve rate cuts, while major banks like JPMorgan will successively disclose their earnings reports; on Thursday, TSMC will announce its latest performance, and AI computing power-related guidance may continue to influence sentiment in the semiconductor sector. WEEX Labs believes that the CPI data and corporate earnings reports will jointly affect the market's pricing of inflation stickiness and AI capital expenditures. Funds may continue to rotate around interest rate-sensitive assets and the AI infrastructure sector. Investors need to pay attention to macro data and the outcomes of events and participate in the market rationally.