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Summary of important breaking news on the morning of the 12th
This is a summary of notable news related to virtual currency until the morning of Japan time.
Coinbase stock price soars (Attention: ★★★★☆)
Today’s coinbase stock price is 9.78% higher than the previous day, and was once soaring +16%. The conclusion of a monitoring sharing agreement for spot-type Bitcoin ETFs was well received.
Cboe has entered into a monitoring sharing agreement with Coinbase with the application of five physical Bitcoin ETFs: Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, Wise Origin Bitcoin Trust and ARK 21Shares Bitcoin ETF. . At the time of the application in June, the plan to partner with Coinbase was already mentioned, but it looks like it has been confirmed.
FTX Customer Billing Portal Released (Attention: ★★★★☆)
FTX, which went bankrupt last year, launched a customer billing portal. According to the site, affected customers can access their account information and file claims included in the company’s Chapter 11 bankruptcy proceedings. The site seems to be temporarily down due to traffic.
Exciting news for those who got their crypto stuck on FTX!
Finally, long-awaited FTX refund process is underway
This portal allows both individual & institutional users of FTX to potentially recover their crypto
Keep reading
— Axel Bitblaze 
(@Axel_bitblaze69) July 11, 2023
According to screenshots posted by media and experts, the customer billing process includes account holder authentication, KYC, balance confirmation and creditor billing.
The portal appears to cater to customers of FTX.com, FTX.us, Blockfolio, FTX EU, FTX JP and Liquid.
FTX’s platform token, FTT, surged on the news.
Source: Binance
Vanguard owns a large amount of Bitcoin mining stocks (Attention: ★★★★☆)
Vanguard Group, a major US asset management company, has increased its holdings of Bitcoin mining stocks, reaching a total investment of $560 million.
Vanguard increased its stake in Marathon Digital (MARA) by about 60% and its stake in Riot Blockchain (RIOT) by about 18%, according to a filing Monday. Vanguard currently holds 17.5 million Marathon Digital shares, while Riot has 17.9 million shares.
Vanguard Group, a major company managing $7.2 trillion worth of assets, last year said it was “bearish” on long-term cryptocurrency investments, but there are growing expectations for the Bitcoin halving next year and a series of Bitcoin ETF applications. It would have been influenced and turned bullish.
Partnership with Microsoft Axelar (Attention: ★★★☆☆)
Microsoft and Axelar have formed a partnership to provide blockchain interoperability solutions.
Axelar is a blockchain that specializes in cross-chain communication and is developed based on the Cosmos (ATOM) SDK.
As part of the partnership, Axelar’s blockchain interoperability solutions will be made available to Microsoft customers through Microsoft’s Azure cloud marketplace. Azure will offer a cross-chain software stack called “Axelar’s General Message Passing” that allows developers to integrate apps on different blockchains.
It also gave the green light to Microsoft’s $69 billion acquisition of Activision Blizzard. A US federal district court dismissed the US Federal Trade Commission’s lawsuit seeking an injunction on the 11th. The acquisition is set to close on the 18th of this month.
Shares of Activision Blizzard rose 10% from the previous day.
connection: Google, Microsoft, etc. to use Nvidia announces supercomputer for AI
List of major economic indicators after this week (Attention: ★★★★☆)
List of major economic indicators after next week
・7/12 (Wednesday) 21:30 US June Consumer Price Index (CPI)
・7/13 (Thursday) 21:30 U.S. June Wholesale Price Index (PPI)
・7/14 (Friday) 23:00 U.S. July University of Michigan Consumer Confidence Index/preliminary figures
・7/18 (Tue) 21:30 US June retail sales
・7/21 (Friday) 08:30 Japan June National Consumer Price Index
— CoinPost Virtual currency media[WebX held in July](@coin_post) July 7, 2023
Here’s the forecast for the June US Consumer Price Index (CPI). In addition, the market seems to be certain that the FOMC will resume rate hikes this month.
- CPI (MoM): Previous +0.1% Forecast +0.3%
- CPI (year-on-year): previous +4.0% forecast +3.1%
- Core (MoM): Previous +0.4% Forecast +0.3%
- Core (YoY): Previous +5.3% Forecast +5.0%
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