The 21st Century Business Herald published an analysis titled "Hong Kong's' Bet 'on Stablecoins: A Key Landing for an International Financial Center", which pointed out that Hong Kong proposed the concept of "designated stablecoins", corresponding to the model of "value anchored regulation". The concept of "stablecoin" refers to a stablecoin that refers to one or more official currencies, or a designated unit of measurement or economic value storage form by the Hong Kong Monetary Authority to maintain stable value. Regulatory focus on two types of activities: issuing designated stablecoins in Hong Kong; Or designated stablecoins issued outside Hong Kong but claiming to anchor the value of the Hong Kong dollar, this design ensures that stablecoins pegged to the Hong Kong dollar are regulated while leaving some room for other stablecoins.

The 1-hour cycle K-line shows a strong bearish swallowing pattern, with the bearish line completely covering the previous bullish line, and the RSI indicator synchronously falling below the 50 median line downwards, verifying the downward trend through dual signal resonance. The current price has fallen below the support of the EMA24 and EMA52 double moving averages, further confirming the weak pattern. The distribution of chips shows that 2637 above forms strong resistance, and the main force has sold nearly 4 million US dollars at this price point. With short-term and long-term averages showing a bearish trend, market activity continues to decline, indicating that prices may continue to decline. Unlock member indicators, accurately grasp key support resistance levels, and seize the best trading opportunities! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.

OKX - VIRTUAL is currently priced at $1.86, with a 24-hour increase of 10.06%. 24-hour transaction volume of 900 million US dollars, up 22.47%, for reference only

According to TechinAisa, Morgan Stanley predicts that the total revenue of Musk's artificial intelligence startup, xAI, will reach $1 billion by the end of this year and exceed $13 billion by 2029. Additionally, Morgan Stanley predicts that xAI's EBITDA may grow to $2.7 billion by 2027 and $13.1 billion by 2029. It is reported that xAI may invest $18 billion to expand its data center and is seeking a new round of financing at a valuation of $113 billion.

On June 7th, according to Bloomberg, Deutsche Bank (Germany's largest bank) is studying stablecoins and tokenized deposits, and considering options such as issuing its own tokens or joining industry initiatives. The bank is still evaluating the development of its own tokenized deposit solution for payments to improve efficiency. Santander Bank and other banks such as JPMorgan Chase are also exploring stablecoins and tokenized deposits, and there are some early signs that customers have applied them to the payment field.