Binance Research released a stablecoin industry report: platform stablecoin reserves reached $53 billion, with market share rising to 57%.
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Binance Research: Over 700 Binance equity products have been traded, with 71% of holdings allocated to the technology sector.
According to ChainCatcher, Binance Research's monthly market insights show that over 700 of the approximately 7,000 stocks and ETFs tradable on Binance have already seen trading activity, indicating initial user participation in equity products. The report states that about 71% of Binance equity holdings are allocated to the technology sector, with approximately 48% of funds flowing into semiconductors, a category with trading volume about 23 times that of other categories. In terms of thematic fund flows, Binance equity holders' allocations are relatively diversified, with 25% flowing into AI infrastructure and computing power, 22% into quantum computing, and relatively higher allocations to cutting-edge themes such as space and satellites, robotics and humanoid robots. Meanwhile, broader ETF fund flows are primarily concentrated in semiconductors and AI storage. Furthermore, the report shows that at the portfolio level, 41% of Binance equity holders' holdings are allocated to crypto assets, 37% to stablecoins, and 22% to stocks.
Binance says employees questioned in UAE cleared and released
Binance’s employees were cleared and released after providing statements to UAE authorities about third-party fund flows through a company client account, a spokesperson told Cointelegraph.
Binance to restrict transactions involving HTX, 10 other crypto platforms
Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia.
The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.
According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.
He Yi: Binance has distributed over $1.2 billion in returns to stablecoin holders.
According to BlockBeats, on July 7th, Binance co-founder He Yi posted on social media, "A key metric I've always focused on is the value created for users. Since 2022, Binance Earn has distributed over $1.2 billion in yield to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously create value for their assets."
During his research visit to Guangzhou on the development of the artificial intelligence industry, Meng Fanli emphasized: Accelerate high-level applications across all regions, all times, and all industries to fully promote the high-quality development of the artificial intelligence industry.
According to Mars Finance, Meng Fanli, Deputy Secretary of the Guangdong Provincial Party Committee and Governor of Guangdong Province, visited several artificial intelligence (AI) companies in Guangzhou. He emphasized the need to thoroughly study and implement the spirit of General Secretary Xi Jinping's important speeches and instructions on Guangdong and Guangzhou, and to earnestly implement the deployments of the Guangdong Symposium on Accelerating the Development of the New Mechatronics Industry and the Guangdong AI Application Matching Conference. He stressed the importance of using more powerful and effective "policies + work" to fully promote the high-quality development of the AI industry and its high-level application across all regions, industries, and sectors, thereby accelerating the cultivation and development of new productive forces. Meng Fanli pointed out that global AI is currently experiencing explosive growth, and Guangdong possesses a strong industrial foundation, rich application scenarios, and a vibrant innovation ecosystem, making its AI industry development promising and highly valuable. He stressed the need to firmly grasp AI as a crucial driving force for the new round of technological revolution and industrial transformation, vigorously promote its rapid development and application, better empower various industries, bring it into every household, and drive high-quality development. We must fully leverage the advantages of mechatronics and hardware-software synergy, strengthen research and development of key core technologies and the transformation of research results in artificial intelligence, continuously attract investment and talent from across the country and globally, accelerate the strengthening of the entire artificial intelligence industry chain including chips, computing power, algorithms, data, and applications, cultivate a number of large-scale models in vertical fields and small-scale models for specific scenarios, develop and launch more industrial intelligent agents and life intelligent agents, and create a group of leading enterprises with outstanding technical strength, industry influence, and independent ecosystem construction capabilities. We must deepen and expand "AI+", adhering to full coverage, all-time response, and full industry penetration, comprehensively reviewing and fully developing all possible application scenarios in various fields such as intelligent manufacturing, smart parks, smart cities, smart healthcare, and smart transportation, especially accelerating the digital transformation of industrial enterprises, promoting the coordinated development of manufacturing and service industries, and better empowering the construction of a modern industrial system. We must create a first-class industrial ecosystem, comprehensively optimize policy supply, strengthen the guarantee of various factors such as finance, innovation, and talent, improve the artificial intelligence governance system, and promote the integration of large, medium, and small enterprises, upstream and downstream matching, and front-end and back-end closed loops in artificial intelligence development, creating a first-class environment and providing optimal services for high-quality industrial development. (Southern Plus)