Market capitalization of tokenized gold exceeds $ 1 billion / Warning to four overseas exchanges such as Financial Services Agency and Bybit[Top news from 4/1 to 4/7]| coindesk JAPAN | Coindesk Japan

April has historically been a good month for Bitcoin, and precedents point to a continuation of the uptrend — here’s our digest of the week’s top stories.

On March 25, Yuga Labs completed “Second Trip”, the second test operation of its own metaverse “Otherside”. Community members got a glimpse of what’s to come with Otherside, which is set to launch this year.

Puppynet, the native testnet of the Shibarium network, has seen active activity ahead of its mainnet release scheduled for later this year.

Since its launch on March 11, Puppynet has processed over 700,000 transactions from just under 200,000 unique wallets, according to data from Blockchain Explorer. Transactions surged last week, with over 114,000 transactions in the 24 hours from March 28-29.

FIN/SUM 2023 was held from March 28 to 31 to discuss the latest trends in FinTech and solutions to social issues in the financial sector. Organized by Nihon Keizai Shimbun and the Financial Services Agency. The concept of “fintech, the era of ‘Shin individual'” was put forward, saying that now is the time to “begin a step towards financial inclusion that supports individuals (Shin individual) in a new era.”

A panel discussion titled “Mitsui & Co.’s Digital Financial Strategy – A New Financial Domain for Trading Companies -” was held on the first day of the event, on the 28th, while key persons from the industry gathered. We exchanged opinions on why Japan’s leading general trading companies are now focusing on “digital finance”, the background and the current location of their efforts.

The cryptocurrency market has shown resilience even as the US banking system faced turmoil, with Bitcoin (BTC) in particular outperforming other cryptocurrencies, according to Coinbase 3. It states in the investigative report dated March 31.

On March 31, the Financial Services Agency announced that it had issued a warning to unregistered cryptocurrency exchange operators.

Bitforex Limited, Bybit Fintech Limited, MEXC Global and Bitget Limited received the warning. Bitforex is based in the Republic of Seychelles, Bybit, MEXC Global, and Bitget are based in the Republic of Singapore.

Bitcoin (BTC) and US stocks entered their strongest seasonal month of the year.

According to data from crypto service provider Matrixport, in April, Bitcoin was profitable in six of the last ten years, with an average return of over 17%. Over the past decade, April has been Bitcoin’s best month of the first half of the year and its third best month of the year.

The MEV bot on the Ethereum blockchain lost about $20 million (approximately ¥2.66 billion, converted to ¥133 to the dollar) after being attacked, presumably by a validator.

This time, the attack took place within a single Ethereum block. According to OtterSec, a blockchain audit firm, the validator pushed the transaction into a block, robbing the bot of the funds it was trying to acquire by front-running.

Dogecoin (DOGE) announced on April 3 that Twitter, led by Elon Musk, had changed the well-known “blue bird” logo on its website to that of Dogecoin’s iconic “Shiba Inu.” Up 35% or more. It rose from about $0.077 just before the logo change to around $0.1046 (around $0.0945 around 7:30 on the 4th, Japan time).

The market capitalization of tokenized gold surpassed $1 billion on April 4, according to CoinGecko data. The price of the underlying gold is nearing an all-time high.

BTG Pactual, one of the largest investment banks in Latin America, has issued a USD-pegged stablecoin through its cryptocurrency platform Mynt.

BTG Pactual said in an April 4 announcement that the stablecoin “BTG Dol” is the world’s first dollar-pegged stablecoin issued by a bank. f

Cryptocurrency market capitalization has risen to its highest level since June 2022, boosted by Bitcoin (BTC)’s massive 70% year-to-date gain.

Despite a tough regulatory outlook, the market capitalization of crypto assets has risen to $1.19 trillion, according to data from CoinMarketCap. About $800 billion at the beginning of the year.

Trusts and funds that manage crypto assets (virtual currencies) are increasing their bitcoin (BTC) holdings. Investor demand rebounded in the weeks following a series of bank failures.

The US dollar-backed stablecoin Tether (USDT) has survived the turmoil caused by the Terra collapse in mid-2022 and is gaining popularity. The market capitalization continues to climb and is just below an all-time high.

According to Coingecko, USDT’s market capitalization has grown more than 20% since the beginning of the year to reach $80 billion, up 12% in the past four weeks alone. The all-time high of $83 billion was recorded in May 2022.

Binance recently turned down an offer to buy shares in rival exchange Huobi owned by Tron blockchain founder Justin Sun. A person familiar with the matter said.

It seems that someone has slipped the Bitcoin whitepaper into MacOS shipped since 2017.

In April 2021, MacOS community forum user bernd178 noticed that there was a feature called “Virtual Scanner II” in “Image Capture Utility” that wasn’t enabled by default. Inside the Virtual Scanner II was an image of the San Francisco Bay and a PDF of the Bitcoin whitepaper.

The designers of India’s Retail Central Bank Digital Currency (CBDC-R), which aims to expand the use of the digital rupee to 1 million users, are prioritizing solving the challenge of offline payments, he said. Two people familiar with the matter told CoinDesk.

Each layer 2 network of the Ethereum blockchain will benefit from the upcoming major upgrade “Shanghai” or “Shapella”, according to the top executive of crypto manager Runa Digital Assets. COO Max Williams said.

On April 7th, Obers announced that they have decided on the rights of Nippon Idol Token (NIDT) applicants for the new idol project “IDOL3.0 PROJECT”, which welcomed Yasushi Akimoto as general producer.

All NIDT purchase applicants will be given the right to vote for member candidates and the right to participate in the unveiling event (scheduled to be held online) by about 100 final stage advancers.

｜Text and editing: coindesk JAPAN editorial department
｜Image: Shutterstock