CITIC Securities: Stablecoin Benefits RWA, Focuses on Digital Currency Settlement Progress

On June 5th, according to official channels, Coinbase is set to soon provide support for Ethena (ENA) on the Ethereum network (ERC-20 token). Provided that liquidity conditions are fulfilled, trading will commence at 9:00 AM Pacific Time or later on June 5, 2025. Once an adequate amount of the asset is available, the ENA-USD trading pair will be gradually launched.

According to official sources, on June 5th, Coinbase will introduce support for Sophon Perpetual Contracts on both the Coinbase International Exchange and Coinbase Advanced. The SOPH-PERP market is scheduled to open on June 5, 2025, at 9:30 AM (UTC) or later.

On June 4th, according to HTX market data, the exchange rate of ETH/BTC has increased by 2% in the past 3 hours and is currently at 0.02539. During the past 2 hours, the price of Ethereum has gone up by more than 3% and is now at $2669.

On June 4th, Alexandre Laizet, the Bitcoin Strategy Director of The Blockchain Group, announced on social media that given the successful implementation of the Bitcoin treasury reserve strategy and with the aim of achieving the group's development goals, The Blockchain Group intends to submit to the shareholders' meeting for approval a new financing plan amounting to 10 billion euros in order to accelerate the Bitcoin accumulation strategy. All shareholders are now invited to attend the ordinary and special shareholders' meeting scheduled for June 10, 2025, to review the 2024 financial statements and provide support for the accelerated implementation of the company's Bitcoin treasury reserve strategy.

On June 4th, according to market reports, JPMorgan is scheduled to provide clients with cryptocurrency ETF financing.

On June 4th, as per Crypto.news, the Web3 identity protocol Shards Protocol has successfully concluded a $2 million financing round. Institutions such as Animoca Brands, Kyber Ventures, and Yield Guild Games have participated in this round. The funds will mainly be utilized to develop its leading product, Aura - an ecosystem that transforms users' on-chain activities into verifiable reputations and rewards. Aura, functioning as a Web3 reputation layer, enables users to display their reputation scores and badges based on on-chain activities across multiple platforms. The system plans to launch a token later this year and enhance its functionality, enabling users to unlock rewards by minting more badges. This financing round will expedite the protocol's integration process within the Web3 ecosystem.