BONK abnormal, down 8.44% in 24H

According to Edaily, South Korean blockchain infrastructure provider DSRV has completed its first Series B financing of approximately KRW 16 billion (approximately USD 11.6 million). This round of investment is participated by major investment institutions in South Korea, such as Intervest and NH-SK Securities. It is expected that a second round of financing involving multiple financial institutions will be conducted at the end of next month. According to reports, DSRV provides infrastructure for over 70 blockchain networks worldwide and manages over 4 trillion Korean won in digital assets. Last year, DSRV's annual sales reached approximately 10.7 billion Korean won, with a net profit of 3 billion Korean won for the current period. The company plans to increase sales in new business areas such as stablecoins and custody, and officially promote global market expansion including the United States, Japan, Africa, and other regions.

According to BlockBeats news, on July 23rd, according to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, "the address where the average price was $10708 four years ago and the 1074 WBTC was established" suspected of selling 300 WBTC worth $35.62 million nine hours ago. Over the past 4 days, a total of 1000 BTC has been sold, with a total value of $118 million and an average selling price of $118011, resulting in a profit of $107 million.

According to a report by Golden Finance, the Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, has issued a document discussing stablecoins. He mentioned that after the passage of the Stablecoins Ordinance, we will immediately seek market opinions on the implementation of the regulation and anti money laundering guidelines. Currently, we are adjusting the requirements of the guidelines appropriately based on feedback and striving to publish them by the end of July. We expect that there will not be significant adjustments to the final draft and consultation draft, and given the common concern of international regulators, more stringent requirements will be established in anti money laundering to minimize the risk of stablecoins becoming money laundering tools, in order to ensure the orderly and healthy development of the stablecoin market in Hong Kong. We have also noticed that there have been many rumors about the application process in the market recently. We will release a summary of the "stablecoin issuer licensing system" next week, which will explain the arrangements for the Hong Kong Monetary Authority to accept and process license applications. (Golden Ten)

According to a report by Golden Ten, the Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, has once again talked about stablecoins. Recently, with the hype surrounding the concept of stablecoins, there has been excessive excitement in the market. Some listed companies, regardless of whether their business is related to stablecoins or digital assets, have declared their intention to develop stablecoin business, and their stock prices have risen accordingly. In addition to a significant increase in stock trading volume, the company's reputation has also been greatly enhanced. In fact, we have previously made it clear that at most a few stablecoin licenses will be granted in the initial stage, in other words, there are many disappointed individuals. Even if we obtain a license, based on our desire for steady development and the initial resource investment required, there will be some uncertainty in the contribution to the company's short-term profits. We hope that investors can remain calm and independent when digesting the "positive" news in the market.

According to Foresight News, as reported by Zhitong Finance, the Hong Kong Monetary Authority will release a summary of the rules for stablecoin issuers next week.