On June 2, according to Quanshang China's report, digital cryptocurrency concept stocks collectively surged on the Hong Kong stock market. Lianlian Digital rose by 80% intraday, Yika rose nearly 50%, and OKLink rose over 45%. By market close, Lianlian Digital was still up over 60%, OKLink rose over 40%, Yika rose nearly 40%, and Zhongan Online rose nearly 10%.
From a policy perspective, positive news in the digital cryptocurrency industry has been continuous recently, with stablecoins particularly emerging as a new focus in the global financial market. The Hong Kong Special Administrative Region government published the "Stablecoin Regulation" in the Gazette on May 30, meaning the regulation has officially become law. According to the current progress, compliant Hong Kong stablecoins are expected to be officially launched by the end of this year.
Additionally, the United States is also accelerating the advancement of stablecoin regulatory legislation. Some securities firms have pointed out that stablecoins are entering a new period of accelerated regulation and will be viewed as an important financial innovation tool. It is expected that they will continue to receive policy support, and the industry's development space will be further expanded.
