Newly delivered by theme ─ Bitcoin NFT popular new stablecoin / Shiba Inu-themed coin “Floki” surges in transaction volume[Weekly Review: 5/29-6/2]| coindesk JAPAN

The burgeoning on-chain economy of the Bitcoin blockchain is getting its own dollar-backed stablecoin ── Starting this week, we will be looking back at the news of the week by theme.”I will tell you in summary.

Stablecoins: Revised Fund Settlement Act comes into effect

On June 1, the revised Payment Services Act came into effect, making it possible to issue and distribute stablecoins in Japan. It will be interesting to see what kind of companies issue stablecoins on what basis.

Bitcoin NFT Popularity Brings New Stablecoin

According to publisher Stably, the new stablecoin Stably USD aims to be the go-to currency for traders trading new assets built on the Bitcoin blockchain.

ECB Finalizes Digital Euro Prototype

The European Central Bank (ECB) has completed a digital euro prototype in preparation for deciding later this year on whether to develop a new form of EU legal tender, according to a report released on May 26. .

Offshore RMB/HKD-pegged stablecoin development team detained by Chinese police: report

The development teams of CNHC, an offshore renminbi-pegged stablecoin, and HKDC tied to the Hong Kong dollar have been detained by Shanghai police, PANews reported May 31.

Enabling transactions between stablecoin public chains ──Mitsubishi UFJ Trust and Banking, Datachain, and TOKI form a technical alliance

Mitsubishi UFJ Trust and Banking, Datachain, and Dubai-based TOKI FZCO are expected to be issued and distributed on various public blockchains on June 2nd through the stablecoin issuance management platform “Progmat Coin.” Regarding stablecoins, they announced that they have started a technical partnership to build cross-chain infrastructure between public blockchains.

NFTs:From “Topic” to Practical Phase

NFTs are becoming a new means of customer engagement and new means of providing value, rather than being a “topic” where high-value transactions attract attention.

F1 introduces NFT tickets from Monaco GP

Formula 1 (F1) ticketing company Platinum Group will introduce NFT (Non-Fungible Token) race tickets from this weekend’s Monaco Grand Prix.

Nike’s NFT sneakers surpass $1 million in sales despite repeated delays and troubles

Nike launched its first NFT sneaker collection “Our Force 1 (OF1)” on the Web3 platform “.Swoosh”. Despite the postponement of the start date and technical troubles, sales exceeded 1 million dollars (1350 billion yen, 1 dollar = 135 yen).

Mercedes-Benz’s Web3 Division Releases NFT Collection — Collaborates with Digital Art DAO

Digital arts group Fingerprints DAO has collaborated with Dutch artist Harm van den Dorpel and German automaker Mercedes-Benz to create a car concept. Release an NFT collection of generative art.

Find Satoshi Labs announces AI tool that turns selfies into NFTs

Find Satoshi Lab (FSL), which operates the Web3 game “STEPN”, has announced an NFT (non-fungible token) generator equipped with artificial intelligence (AI).

Hayakawa Shobo releases the world’s first new book with “NFT e-book”

Hayakawa Shobo and Media Do announced on June 1 that they will release a new book with an NFT e-book that comes with a set of “NFT e-books” containing the same content as the main story. It is said to be the world’s first attempt to attach an NFT e-book to a paper book.

ANA launches NFT business ── Opens its own marketplace

All Nippon Airways (ANA) and ANA NEO announced on May 30 that they will start the NFT business. ANA NEO has opened its own NFT marketplace, ANA GranWhale NFT MarketPlace. ANA sells NFT products as the “ANA NFT Collection”.

Security Token/RWA Tokenization: Finally Taking Off

Security tokens and even RWA (Real Assets) tokenization is gaining momentum after the “first year”. Along with domestic stablecoin trends, this is a hot topic in 2023.

Hash DasH starts handling “Digital Securities / Shibuya Jingumae Innovation Office”

Hash DasH announced on May 30 that it will start handling “Digital Securities / Shibuya Jingumae Innovation Office”. The investment target property is a complex office building located in Jingumae, Shibuya-ku, Tokyo.

Tokyo Metropolitan Government Launches Digital Securities (Security Token) Issuance Support Project

On May 31st, the Tokyo Metropolitan Government announced that it will start an initiative to expand the market by creating various examples of digital securities issuance and widely sharing know-how and challenges.

Olive Oil Company Issues Euro-Backed Stablecoin Denominated Digital Bonds

Lamar Olive Oil has launched the first on-chain bond for the sustainable agriculture industry using Switzerland-based DeFi (decentralized finance) platform Obligate. On June 1st, Obligate made the announcement.

Altcoin: Reflecting “Japanese popularity”?

A coin with the motif of “Shiba Inu”, which started from Dogecoin. Perhaps, in a sense, this also represents “Japan attracting attention from the world”.

Shiba Inu-themed coin “Floki” surges in trading volume as investors bet on its spread in China

Shiba Inu-themed FLOKI soared more than 10% on May 28, hitting its highest trading volume in over three weeks. Traders bet on the token in anticipation of the spread in China of the metaverse game Valhalla, which uses the token.

Dogecoin Charts Show Signs of Volatility Spike

Dogecoin (DOGE), a notoriously volatile memecoin, is up just 3% this year. While Bitcoin (BTC) and Ethereum (ETH), the representative crypto assets (virtual currencies), have risen by 68% and 60% respectively, the low volatility of Dogecoin stands out, and one technical indicator predicts that volatility will increase in the future. It shows the potential to soar.

Litecoin, a strong price movement-August halving, bitcoin congestion is a factor

Litecoin (LTC) started the month on the upside, gaining 7% over the past 24 hours. Bulls point to the Lightning Network halving in August and a significant increase in network activity in May.

others

BRC-721E: Convert Ethereum NFTs to Bitcoin NFTs

A new blockchain token standard, BRC-721E, has made it possible to convert Ethereum-based NFTs into Bitcoin NFTs.

Cryptoassets should be treated as securities: European Parliament research report

In a report released on May 30 at the request of a member of the European Parliament, crypto-assets (virtual currencies) should basically be treated as securities, and an autonomous body managing decentralized finance (DeFi). should be given legal status.

｜Text and editing: Takayuki Masuda
｜Image: Shutterstock