Wu Shuo Daily Highlights Crypto News - OSL's stock price rises by 18%. Guotai Junan's license acquisition may attract market attention to Hong Kong's crypto license concept stocks.

1. OSL's stock price rose by 18%; Guotai Junan's license acquisition may draw market attention to Hong Kong's listed Cryptocurrency concept stocks

OSL (00863.HK) saw its stock price increase by 18% today to HK$14.6, a new one-year high. The market generally believes this was boosted by Guotai Junan International (01788.HK) being granted a Hong Kong virtual asset license. The latter's stock price surged by over 80% today. Currently, only 4 listed companies hold a Hong Kong Virtual Asset Provider (VATP) license: OSL and Guotai Junan International in Hong Kong stocks, and Futu Holdings (FUTU.US) and Up Fintech Holding (TIGR.US) in U.S. stocks.

2. Eight major Korean banks plan to establish a joint venture to launch a Korean Won stablecoin

Eight major Korean banks, including KB Kookmin Bank, Shinhan, Woori, NH NongHyup, IBK Industrial Bank of Korea, Suhyup Bank, Citibank Korea, and Standard Chartered Korea, are collaborating with the Open Blockchain and DID Association and the Korea Financial Telecommunications and Clearings Institute to establish a joint venture for a Korean Won stablecoin. This project marks the first time the banking industry has collectively entered the digital asset space in the form of a consortium. The initial plan includes two stablecoin models: a trust-based model and a deposit-linked model. The company is expected to be established as early as the end of this year or the beginning of next year.

3. QCP: Market risk sentiment rises, Nasdaq hits new high, institutions hoarding 3.45 million $BTC may challenge gold

QCP analysis indicates that global market risk sentiment has risen after Israel resumed partial airstrikes: the NASDAQ 100 index hit a new all-time high; the S&P 500 index is less than 1% away from its closing record set in February 2020. At the same time, institutional interest in Bitcoin continues to grow. Since the beginning of June, the number of companies listing Bitcoin on their balance sheets has nearly doubled, with over 240 companies now holding a total of 3.45 million BTC. If this accumulation trend continues, Bitcoin may not only compete with gold for the "macro hedge" position, but may also rival its market cap.

4. Barclays Bank to ban customers from using its bank cards for Cryptocurrency transactions from June 27

From June 27, 2025, Barclays will block customers from using its bank cards for any Cryptocurrency transactions, citing concerns that volatile crypto asset prices could lead to users losing control of their debt, and that related transactions are not protected by the Financial Ombudsman Service and the Financial Services Compensation Scheme. Barclays Bank is one of the UK's four largest banks and is designated as a global systemically important bank by the Financial Stability Board (FSB).