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The Federal Housing Finance Agency of the United States has instructed Fannie Mae and Freddie Mac to consider regulated exchange Crypto Assets as mortgage assets, which may impact the mortgage market. If the new rules are implemented, 5% of mortgage applicants will include encryption assets, allowing approximately 305,000 people to obtain loans, with a distribution scale reaching $100 billion, significantly enhancing market potential. This regulatory development indicates that Crypto Assets are reshaping the TradFi system.

Hong Kong has released the "Hong Kong Digital Asset Development Policy Declaration 2.0", proposing the "LEAP" framework to provide new business opportunities for brokerages. Among them, brokerages can enter virtual asset trading with low barriers, develop tokenized assets, enhance the density of financial products, and improve operating conditions. Taking advantage of this opportunity, brokerages may drive financial innovation while facing compliance and market competition challenges.

"Wood Sister" reduced holdings in Circle, cashing out over 300 million dollars.
According to media reports on Wednesday, well-known investor "Cathie Wood" and her firm ARK Investment Management have sold approximately 1.5 million shares of Circle stock in the past four trading days, valued at about $333 million.
Analysts generally believe that this is a normal operation for Ark Invest to take profits.
Wall Street Insights previously mentioned that for a long time, ARK has been known for its firm bets on cryptocurrencies and disruptive technologies. As one of the most active institutional supporters of Bitcoin, Wood predicted earlier this year that by 2030, the price of Bitcoin could reach $1.5 million.
As the issuer of the second largest stablecoin USDC, since its listing on June 5

As of June 23, the cumulative net inflow of the U.S. Spot Ethereum ETF has exceeded $4 billion, rising rapidly, mainly driven by companies like BlackRock and Fidelity, with inflows of funds and low management fees attracting institutional investors. At the same time, the demand for ETH in the market is rising, and there is still significant space for participation by professional managers.

"If you had to buy a Liquidity-strong / non-risky investment Cryptocurrency within a 3-5 year time frame, and are not allowed to buy BTC, ETH, HYPE, SOL or hold Stable Coin, what would you buy? Why?"
On June 22, well-known encryption KOL @Cobie raised the above question on X.
encryption KOL, traders, VC investors have all provided their 'wealth code' in the comments section.
We have compiled the views and choices of some well-known figures in the industry to see if there are any investment targets that you are interested in.
Base Leader

In the past two weeks, the world's attention has been focused on the Middle East.
As the two most important powers in the Middle East, the conflict between Iran and Israel not only signifies a sudden disruption of the superficial peace in the region, leading to escalating chaos, but it also stirs up global turmoil. Currently, this war triggered by nuclear issues not only ensnares Iran and Israel, forcing proxy wars to shift into direct confrontations, but it also compels the United States to quickly intervene, and the situation is gradually escalating.
Under the risk aversion sentiment, global markets have plunged into turmoil, with hard assets like gold and the US dollar rapidly rising, contrasting with the ominous atmosphere in risk markets. It must be acknowledged that the flames of war between Israel and Palestine are also spreading into the crypto space.
To discuss the recent Israel-Iran conflict, one cannot avoid the issue of Iran's nuclear program. In fact, Iran's nuclear program began earlier than one might think. As early as 1957, during the Cold War, to prevent the spread of Soviet influence southward, the United States collaborated with the pro-American Shah of Iran, Mohammad Reza Pahlavi.

On June 19, according to Reuters, the world's top three Bitcoin and Crypto Assets mining rig manufacturers, Bitmain, Canaan Creative, and Bit Microelectronics, plan to set up manufacturing plants in the United States and establish a supply chain to avoid the impact of U.S. tariff policies.
The "Mining Rig" market continues to grow, with Chinese manufacturers holding a monopoly.
With the continuous growth of the crypto assets market in recent years, and the representative Bitcoin price breaking $100,000, the demand for virtual currency mining rigs is also very strong. According to analysts' predictions, by 2028, the value of the mining rig industry will reach $12 billion.
According to a forecast by consulting firm Frost & Sullivan, by December 2023, Bitmain, Canaan Creative, and Bit Microelectronics accounted for 95.4% of the global Crypto Assets mining rig equipment market (earlier data showed that the third-ranked was YI.

The article discusses the vulnerability of Bitcoin in the context of geopolitical crises, pointing out that its volatility makes it no longer a traditional safe-haven asset, but rather an amplifier of risk assets. The big dump was triggered by the dual pressures of war and inflation, with a clear market divergence where retail investors are selling while institutions are buying the dip. In the long term, the underlying logic of Bitcoin remains, but its safe-haven properties are being questioned, and the future is filled with uncertainty.

In June 2025, what topic is simultaneously booming in both China and the United States? It is definitely stablecoins.
On June 6, 2025, the Hong Kong Government Gazette published an announcement stating that the Hong Kong "Stablecoin Ordinance" will take effect on August 1, 2025.
On the same day, the dollar stablecoin pioneer Circle was listed on the New York Stock Exchange at an issue price of $31, with a first-day increase of over 160%, and subsequently surged continuously to $150 in the following days.
On June 17, the U.S. Senate passed the GENIUS Act, prompting Web2 giants like Amazon and Walmart to consider launching their own stablecoins, leading to a surge in Circle's value. As of the time of writing, Circle has surpassed $240. In just 15 days since its listing, Circle's stock price has nearly increased by 7 times.
On June 17, the founder of JD.com, Liu Qiangdong, made a strong comeback. In his comeback speech, Liu Qiangdong specifically mentioned stablecoins.
Not only

In this episode of the podcast, we will talk about "stablecoin." This concept has been gaining momentum over the past two years, especially this year, as new laws and dynamics have emerged in Hong Kong and the United States, making stablecoin the "most attractive player" in the financial sector. Its development speed is astonishing, with the market size exceeding $230 billion in 2023 and active accounts surpassing 250 million. Citibank even optimistically predicts that by 2030, the stablecoin market size could reach $3.7 trillion, comparable to China's forex reserves.
Recently, global regulation of stablecoins is also accelerating. For example, the GENIUS Act in the United States has passed in the Senate, and the Hong Kong Monetary Authority initiated a stablecoin sandbox project as early as 2024. Additionally, the Legislative Council passed a bill on May 21, formally establishing a licensing system for the issuance of stablecoins - meaning that whether issuing fiat stablecoins within Hong Kong or issuing them overseas in relation to the Hong Kong dollar.

The article discusses the rapid development of crypto assets, especially the rise of Bitcoin after institutional investors entered the market. The participation of financial giants such as BlackRock has changed the landscape of the crypto market, and capital has begun to follow concept stocks related to encryption. The article suggests that ordinary investors should focus on technological strength and compliance, while being wary of pseudo-concept stocks, believing that future blockchain technology will profoundly impact the economy and life.

Ant International decided to apply for a stablecoin license due to new regulations in Hong Kong, aiming to improve cross-border payment efficiency, drop costs, and expand its business ecosystem. Its emphasis on stablecoins stems from expectations of payment innovation and capital operations, while also drawing on Circle's successful experience. This application will open up significant opportunities in the Southeast Asian and European markets, potentially triggering a global financial upheaval.