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In the first part of episode 4, I will update you on the recent new trends related to coin stocks, and in the next part, I will provide updates on the latest developments regarding meme stock targets.
1️⃣ The listing of Bullish exchange shows that cryptocurrency enterprises are gradually entering the mainstream capital market.
Cryptocurrency exchange Bullish went public on the New York Stock Exchange (NYSE) on August 13. This is the first publicly listed cryptocurrency company after President Trump signed the Stablecoin Act. The stock price performed strongly on its first day, rising over 83%, with a market capitalization exceeding $10 billion. This event marks the entry of cryptocurrency companies into the mainstream capital market.
2️⃣ Bitcoin prices continue to hit new highs, becoming the fifth largest asset in the world.
Bitcoin prices continue to hit new highs, with prices once exceeding $120,000, surpassing Google's market value to become the fifth largest asset in the world. At the same time, stablecoin concept stocks in the Hong Kong stock market continue to rise, showing increased market confidence. Cryptocurrency concept stocks in the U.S. stock market perform strongly, with significant gains for stocks like BMNR, BTCS, etc.
Institutional investors' interest in cryptocurrencies continues to rise, such as ARK Investment Management increasing its holdings in Coinbase stock, and Cathie Wood's long-term optimism about cryptocurrencies.
3️⃣ Coinbase is fully advancing the Everything Exchange project.
Coinbase is building the 'Everything Exchange' platform, aimed at moving all assets such as stocks, derivatives, and prediction markets onto the blockchain for trading. The core idea of this strategic transformation is to redefine the boundaries of digital asset trading, allowing Coinbase to transition from a purely cryptocurrency trading platform to a comprehensive financial services provider. If successful, it will become a significant narrative in the coin-stock realm.
Coinbase CEO @brian_armstrong announced this strategy on Twitter, emphasizing that all assets will move onto the blockchain, hoping to have everything you want to trade in one place. The implementation of this strategy requires significant resources and manpower support, so team members will work intensively to ensure the project progresses smoothly. x.com/brian_armstron…
4️⃣ The regulatory attitude of U.S. regulators towards cryptocurrencies is becoming clearer.
The New York Department of Financial Services has launched a transatlantic regulatory exchange program to address emerging payment and digital asset issues. Additionally, the U.S. House Financial Services Committee has proposed a bill allowing non-bank stablecoin issuers to receive central bank funding support. The Trump administration publicly supports cryptocurrencies, promoting the U.S. as the 'global cryptocurrency capital' and providing favorable conditions for the development of cryptocurrency companies.
5️⃣ The MyStonks incident on the RWA trading platform has sparked discussions.
Recently, the user fund review incident on the RWA trading platform MyStonks has sparked market discussions. MyStonks responded that the freeze was due to a law enforcement request from regulatory agencies, and the platform is cooperating with the investigation. The market currently judges that it may be an investigation request from upstream brokerages on the coin-stock platform. MyStonks is also taking a proactive approach to respond and resolve the issue, and the affected users hope to settle the matter peacefully. Everyone can follow up on the subsequent developments of this incident through official channels and accounts. @MyStonksCN @BTCBruce1
The next article will update everyone on the latest developments related to meme stocks. Friends who find it helpful can follow along~❤️
