Bitcoin breaks through the historical peak of 117,000! Crypto stocks collectively surge, these concept stocks are worth watching
Bitcoin has created another myth! On July 9, it broke through the historical threshold of 112,000 USD for the first time, and the next day it surged to 117,000 USD, continuously setting new records. This crypto frenzy quickly spread to the stock market—US stock crypto concept stocks and Hong Kong stock stablecoin targets collectively surged, accelerating the 'marriage' between digital assets and traditional finance.
US Stocks: Mining Giants and Trading Platforms Lead
The surge in Bitcoin prices directly ignited enthusiasm for related stocks on Wall Street:
BTCS (BTCS) $BTCS(BTCS.US): On July 9, soared 111.07%. The company announced plans to issue 100 million USD convertible bonds for acquiring Ethereum and other crypto assets, indicating institutional funds are continuously investing in the crypto ecosystem.
Coinbase (COIN)$Coinbase(COIN.US): After announcing its inclusion in the S&P 500 index on May 13, rose 10.94% after hours, becoming the first pure crypto company to join the index, with its market value jumping to 53 billion USD at the time.
Circle (CRCL)$Circle(CRCL.US): Leading stablecoin issuer USDC, recently rose 9.3% in a single week, catalyzed by the expected implementation of Hong Kong's 'Stablecoin Ordinance' in August.
Hong Kong Stocks: Scramble for Stablecoin License Feast
As the market focuses on Bitcoin's new highs, Hong Kong's stablecoin layout also attracts capital pursuit, with related stocks performing well:
Jinyong Investment (1328.HK)$GOLDSTREAM INV(01328.HK): On July 9, closed up 533% in a single day (intraday highest rise 653.77%), market value surged by 2.7 billion HKD. The direct catalyst was the company's announcement of cooperation with offshore RMB stablecoin issuer AnchorX.
Delin Holdings (1709.HK)$DL HOLDINGS GP(01709.HK): Driven by market expectations of potentially obtaining a Hong Kong digital asset license, stock price rose 33.83% from late June to early July.
ZA Online (6060.HK)$ZA ONLINE(06060.HK): ZA Bank has provided banking services to over 80 Web3 companies and cooperated with Circle Technology participating in the Hong Kong Monetary Authority's 'regulatory sandbox', seen as a key candidate for stablecoin reserve banks, attracting industry attention.
Behind this surge, two key forces are pushing:
Stablecoins building a 'financial overpass': Hong Kong's 'Stablecoin Issuer Ordinance' will take effect on August 1, with the Monetary Authority expected to announce implementation details this month, focusing on issuance rules, reserve management, and anti-money laundering requirements.
Global regulatory fog clearing: The US plans to advance key legislation the week of July 14, proposing to classify some cryptocurrencies under the Commodity Futures Trading Commission (CFTC). The clearer the rules, the more daring the big funds are to enter.
Bitcoin's 'digital gold' attribute + stablecoin's practical value, these two forces together push the market. Short-term fluctuations are inevitable, but institutional entry, regulatory breakthroughs, and Hong Kong policy dividends make the integration of crypto assets and traditional finance an irreversible trend. In this process, innovative companies and compliance pioneers in related fields are expected to continue to attract market attention.
$Circle(CRCL.US) $Coinbase(COIN.US) $Robinhood(HOOD.US) $Strategy(MSTR.US) $SharpLink Gaming(SBET.US) $Galaxy Digital(GLXY.US) $Mara(MARA.US) $CleanSpark(CLSK.US) $Core Scientific, Inc.(CORZ.US) $Riot Platforms(RIOT.US) $IREN(IREN.US) $Bitdeer Tech(BTDR.US) $Hut 8 Mining(HUT.US) $Terawulf(WULF.US) $Cipher Mining(CIFR.US)
$GUOTAI JUNAN I(01788.HK) $BOYAA(00434.HK) $OSL GROUP(00863.HK) $CR HOLDINGS(01911.HK) $CHINA EB LTD(00165.HK) $ZA ONLINE(06060.HK) $LIANLIAN(02598.HK) $LINKLOGIS-W(09959.HK)
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