AiCoin Daily Report (June 27)

1. Trump's encryption project receives $100 million investment from UAE fund.

Trump's encryption currency project received $100 million in investment from a UAE fund. -Original text

2. Huaxing Capital announces a full entry into the digital currency field.

Odaily Planet Daily News: Xing Capital Holdings Limited (stock code: 1911) has released two announcements regarding personnel adjustments and major business strategies. In terms of personnel, with the approval of the board of directors, Mr. Frank Fu Kan has been appointed as an independent non-executive director, a member of the company's audit committee, remuneration committee, and nomination committee. Ms. Chen Jiali has been appointed as an independent non-executive director, chair of the audit committee, and a member of the nomination committee. Meanwhile, the board of directors announced that while consolidating Huaxing's existing business, it will venture into the WEB 3.0 and digital asset sectors, approving a budget of up to $100 million to be used for the development of WEB 3.0 business and investment in digital currency assets over the next two years; at the same time, the company will increase its investment and development efforts in stablecoins, RWA (real world assets), and the entire chain ecosystem surrounding digital assets, and actively expand applications and upgrades for relevant business licenses.

3. The chairman of the U.S. Senate Banking Committee confirmed that the encryption market structure bill will be completed before September 30.

Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that the encryption market structure bill will be completed before September 30, a timeline that has surpassed the August deadline previously set by Trump. -Original

4. White House advisor says the U.S. is building strategic Bitcoin reserve infrastructure.

FOX Business reporter Eleanor Terrett stated that White House digital asset policy advisor Bo Hines confirmed that the U.S. is working on building the infrastructure for a strategic Bitcoin reserve. He noted that although the executive order issued by Trump in March of this year did not require the Treasury to disclose a report on the current Bitcoin (BTC) holdings of the U.S. government, the U.S. government might choose to make it public. He also added that the U.S. government is "very inclined" to increase its Bitcoin holdings in a budget-neutral manner. -Original text

5. The tokenized ETFs in Hong Kong will enjoy stamp duty exemption policy.

Odaily Planet Daily reported that the Hong Kong Financial Services and the Treasury Bureau today released the "Hong Kong Digital Asset Development Policy Declaration 2.0", which pointed out that the Hong Kong government will strengthen efforts to expand tokenization schemes, promote a broader tokenization of assets and financial instruments, and demonstrate the diverse applications of this technology in various sectors, including precious metals (such as gold), non-ferrous metals, and renewable energy such as solar panels. Currently, all exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange are exempt from stamp duty upon transfer. To promote the development of the tokenization market, the Hong Kong government will clarify that the stamp duty exemption measures also apply to tokenized ETFs, which clarifies the stamp duty situation for tokenized ETFs that are allowed secondary market trading in the future. The "Policy Declaration 2.0" also clearly welcomes market participants to explore the advantages of tokenizing ETFs, including introducing them for secondary market trading on licensed digital asset trading platforms or other platforms.

6. CoreWeave restarts negotiations to acquire the Bitcoin miner Core Scientific.

Affected by this news, the stock prices of several Bitcoin mining companies have risen. -Original

7. Upexi will implement share tokenization on the Solana network, increasing its holdings by 56,000 SOL.

Upexi, a Nasdaq-listed company, announced that it will utilize the Opening Bell platform developed by Superstate to tokenize its SEC-registered shares on the Solana blockchain. Additionally, the company has increased its holdings by approximately 56,000 SOL over the past month, bringing its total Solana holdings to 735,692 SOL, valued at approximately $105 million. Upexi recently raised $100 million and is actively advancing its encryption asset strategy, becoming one of the increasing number of publicly listed companies investing in cryptocurrency.

8. Arthur Hayes claims that the fiat currency system may face pain, and Bitcoin is the cure.

BitMEX co-founder Arthur Hayes stated that as global dollar arbitrage trading is lifted, the false fiat currency system will face severe pain. Hayes pointed out, "Don’t worry, the Sackler family has been reborn as central bankers, ready to provide monetary opiates for pain relief. Thanks to the BTC antidote provided by Satoshi Nakamoto." - Original text

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