Wu Shuo Daily Highlights Crypto News - Guoxiong Capital: Plans to invest 200 million yuan in Web3 and crypto asset sector

1. Guoxiong Capital: Plans to Invest 200 million yuan to Develop Web3 and Crypto Asset Sector

Guoxiong Capital Co., Ltd. has announced its full-scale entry into the Web3.0 and cryptocurrency asset sector. Yao Shangkun, Chairman of Guoxiong Capital, stated that he is optimistic about the long-term strategic value of Bitcoin and crypto assets, believing that this field is in line with the global financial development trend and contains huge growth potential. The company has been approved for a special budget of 200 million yuan for the development of related businesses and crypto asset investments over the next three years. Guoxiong Capital is a private equity firm headquartered in Qingdao. Chairman Yao Shangkun revealed at the 2025 Hong Kong Blockchain Summit that he plans to invest HK$300 million to establish digital asset management companies in Hong Kong and Singapore.

2. Goldman Sachs Expects the Federal Reserve to Start Cutting Interest Rates in September, with a Cumulative Reduction of 75 Basis Points for the Year

Wall Street Journal reporter Nick Timiraos published an article stating that Goldman Sachs has moved its expectation for the Federal Reserve's first interest rate cut from December to September, and expects three interest rate cuts throughout the year, totaling 75 basis points. Goldman Sachs pointed out that initial signs indicate that the impact of tariffs is lower than expected, while other disinflationary factors are stronger, and believes that the Federal Reserve's senior management also likely believes that tariffs will only bring a one-time increase in price levels.

3. Lawyer: Virtual Currency Will Cover Almost All Cases Involving Property

Lawyer Liu Yang pointed out in an article that criminal defense concerning virtual currency will become increasingly widespread in the future. Currently, about 70% of non-contact criminal cases involve virtual currency, and this proportion is still increasing. Perhaps in the near future, virtual currency will cover almost all cases involving property and funds. Although many cases involve virtual currency, the relationship with the crypto community is not significant, and virtual currency is only a means of committing crimes.

4. Connecticut Governor Signs Bitcoin Reserve Ban

Connecticut Governor Ned Lamont has officially signed the state's "Bitcoin Reserve Ban." Connecticut is now prohibited from accepting, holding, or investing in digital assets.

5. Upbit's Parent Company Dunamu to Cooperate with Naver Pay to Promote Korean Won Stablecoin Payment Business

Dunamu, the parent company of the South Korean crypto exchange Upbit, has confirmed that it will cooperate with Naver Pay to promote the Korean won stablecoin payment business. The project is led by Naver Pay, with Dunamu assisting, and plans to further clarify the details of the cooperation after relevant regulations are implemented.