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This week’s news
We bring you a summary of the crypto asset (virtual currency) news that attracted the most attention over the past week (1/27-2/2).
This week, the most popular articles include the seizure of Bitcoin (BTC) by German authorities, the country’s largest stock, market analysis by Anthony Scaramucci, founder of US asset management company SkyBridge, and the launch of the JUP token by virtual currency DEX aggregator Jupiter Exchange. It attracted a lot of interest.
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
“Long-term target for Bitcoin price is $400,000” US SkyBridge founder predicts market price after halving (1/30)
Anthony Scaramucci, founder of SkyBridge, said he believes the price of Bitcoin could rise to the $400,000 level in the long term. He predicts that Bitcoin’s market cap will easily reach half the market cap of gold. (the article ishere)
German authorities seize Bitcoin worth 320 billion yen, largest in the country (1/31)
Police authorities in the German state of Saxony announced on the 30th that they had seized 50,000 BTC (equivalent to 320 billion yen) in January. He explained that the bitcoins were purchased with profits from operating a pirated website. (the article ishere)
Jupiter’s own virtual currency “JUP” launched, listed on Binance etc. Price temporarily reduced to $2 (2/1)
Solana (SOL)-based Jupiter Exchange started the airdrop acquisition process for JUP tokens at midnight on February 1st. After that, it was newly listed on major exchanges such as Binance, Bybit, and OKX, and the price soared to $2 at one point. (the article ishere)
financial market
Bitcoin recovers to the $43,000 level with a significant rebound from the previous week (1/30)
The Bitcoin price on this day was 2.7% higher than the previous day to 1 BTC = $43,558. Among altcoins, Ethereum (ETH) rose 1.8% from the previous day, Solana rose 5.2%, Cardano (ADA) rose 7.4%, and among domestic stocks, Aster (ASTR) continued to rise by 6.0%. (the article ishere)
Chairman Powell denies possibility of interest rate cut in March at FOMC meeting; US stocks fall sharply, impacting virtual currency market (2/1)
On this day, the market focused on the US monetary policy meeting, FOMC (Federal Open Market Committee). Chairman Powell’s comments after the FOMC interest rate announcement were disliked, and the NY Dow and Nasdaq fell sharply, marking the largest one-day decline since the start of 2024. (the article ishere)
Bitcoin is in a stalemate, and there are multiple bullish signals such as the movement of large investors (2/2)
Bitcoin price rose 2.2% from the previous day to 1 BTC = $43,037. Several bullish signals have been confirmed, including the trends of large investors. (the article ishere)
Asia special feature
Hong Kong’s first Bitcoin ETF listing application, China’s long-established major fund “HFM” (1/29)
It has been revealed that the first Bitcoin spot ETF (exchange traded fund) has applied for listing in Hong Kong. The applicant company “Harvest Hong Kong” is the Hong Kong branch of “Harvest Fund Management Co., LTD” (assets under management = $200 billion), one of the first 10 funds launched in China (1999). is. (the article ishere)
Visa and Transak partner up to enable legal currency withdrawal of virtual currency in 145 countries other than Japan (1/31)
Cryptocurrency payment provider Transak has joined payment giant Visa’s direct remittance program “Visa Direct”, allowing users who have completed KYC to withdraw fiat currency using cryptocurrencies. It is not supported in Japan due to regulations. (the article ishere)
“Why Bitcoin is not popular in Japan” Teruko Neriki, a translator of BTC related books, talks (1/31)
Teruko Neriki, a translator of books such as the book “Bitcoin Standard” and a member of venture capital (VC) “Furuguru Ventures,” participated in the 15th edition of “Beyond The Price,” which was released on the 19th. (the article ishere)
“Cryptocurrency is coming out of winter” Monex 3Q financial results, Coincheck and other virtual currency businesses are in the black (2/1)
On the 31st, Monex Group, Inc. announced its financial results for the third quarter (October to December) of the fiscal year ending March 2024. The virtual currency business became profitable, and consolidated quarterly profit was 2.28 billion yen. (the article ishere)
SBI VC Trade adds Flare (FLR) to staking service, first in Japan (2/1)
On February 1st, SBI VC Trade Co., Ltd. announced that it has added Flare (FLR) to its “staking service” for the first time in Japan. By simply holding it in their account, users can earn an estimated annual return of approximately 7.0% before the 25% commission fee is deducted. (the article ishere)
Aster launches zkEVM version mainnet in late February Announces 6 initial products (2/2)
Astar Network, a public blockchain that aims to expand the spread of decentralized internet (Web3), announced on the 1st that it will release the mainnet of “Astar zkEVM Powered by Polygon”, which functions as Layer 2 of Ethereum, in late February. A launch campaign called “Yoki Origins” will be held to coincide with this release. (the article ishere)
connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview
Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo https://t.co/pogMJ9oqDw
The event is scheduled to be held over two days, August 28th (Wednesday) and August 29th (Thursday), 2024. We look forward to your application!
— CoinPost (virtual currency media) (@coin_post) September 29, 2023
Featured Web3 conference dates
Web3 and virtual currency/blockchain related conferences are becoming more active worldwide. In this article, we will also introduce information on major conferences scheduled to be held in the near future, mainly in Asia.
TEAMZ WEB3/AI SUMMIT 2024
“TEAMZ WEB3/AI SUMMIT 2024” is an event with the theme of Web3 and AI, scheduled to be held at Toranomon Hills Forum in Tokyo from April 13th to 14th.
TEAMZ WEB3/AI SUMMIT 2024 follows this year’s TEAMZ WEB3 SUMMIT 2023, and is an event focused on the potential for synergies between the AI and blockchain fields, which are attracting attention due to the rise of OpenAI and ChatGPT.
According to the official page, there will be more than 120 speakers next year, including more than 200 VCs, investors, and exhibiting companies. It is estimated that 5,000 people will attend.
TEAMZ WEB3 / AI SUMMIT 2024 is an upgraded event of TEAMZ WEB3 SUMMIT 2023, which was one of the most influential events in Japan’s Web3 industry.
This year, we will focus on both recent trends, WEB3 and AI, as our main themes… pic.twitter.com/JsjXkV9ZDe
— TEAMZ, Inc. (@teamz_inc) November 7, 2023
CoinPost official app
CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post Weekly Cryptocurrency News (+Asia Special) | Strong interest in German authorities’ seizure of 320 billion yen worth of Bitcoin and SkyBridge founder’s market forecast appeared first on Our Bitcoin News.
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