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This week’s news
We bring you a summary of the most popular crypto asset (virtual currency) news over the past week (1/20 to 1/26).
This week, a large amount of funds moved from Ethereum (ETH) to Sui (SUI) and Solana (SOL), market analysis by Arthur Hayes, former CEO of virtual currency exchange BitMEX, and test schedule for Ethereum’s next upgrade “Dencun” The articles I wrote about it attracted a lot of attention.
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
From Ethereum to Sui and Solana: Liquidity shift and the latest trends in DeFi (1/24)
Over the past month, large amounts of funds have been moving from Ethereum to Sui and Solana. This is according to data from Wormhole, which shows that $370 million in liquidity moved from Ethereum to other blockchains, of which almost 90% went to Sui and Solana. . (the article ishere)
Arthur Hayes: “Bitcoin support line is between $30,000 and $35,000” (1/25)
Arthur Hayes, former CEO of virtual currency exchange BitMEX, released a market analysis on the 24th. He expressed the view that the support line (lower price support line) for Bitcoin (BTC) is between $30,000 and $35,000. (the article ishere)
Ethereum Foundation announces test schedule for next upgrade “Dencun” (1/26)
The Ethereum Foundation announced the Dencun testing schedule on the 24th. Before upgrading the mainnet, we will be running Dencun on two testnets, Sepolia and Holesky, as planned. (the article ishere)
financial market
Bitcoin falls below the $40,000 level, and the altcoin market also falls across the board (1/23)
On this day, the Bitcoin price fell 2.8% from the previous day to 1 BTC = $40,067. At one point, the price fell below the $40,000 level, dropping to $39,372. (the article ishere)
Cryptocurrency market falls completely; long futures worth 66 billion yen is cut off in 2 days (1/24)
On the 24th, the virtual currency market fell across the board. In the futures market, $450 million worth of long positions were liquidated in the past two days. (the article ishere)
JP Morgan points out that “GBTC selling” has ended, is the downside price of Bitcoin limited? (1/26)
Regarding the huge profit-taking sales associated with the ETF conversion of the Grayscale investment trust Bitcoin Trust (GBTC), which is said to be the main cause of the recent decline, a JPMorgan analyst said, “GBTC selling has almost ended, and the downward price of BTC has declined.” “The pressure is starting to ease.” (the article ishere)
Asia special feature
Kenji Fujimaki, advocate of virtual currency tax reform, elected early from Japan Restoration Party in House of Councilors proportional representation (1/20)
Following the death of a member of the House of Councilors who belonged to the Japan Restoration Party, former House of Councilors member Takeshi Fujimaki, who was the runner-up on the party’s list in the proportional representation election for the House of Councilors in 2019, has been elected. This decision will be announced in the Official Gazette on January 19th and will take official effect. (the article ishere)
“Japan Web3 Week” Web3 specialized exhibition with exhibitors such as SONY, SBI, TIS, etc. held for the first time (1/24)
Japan Web3 Week, a specialized exhibition that applies Web3 technology to accelerate digital transformation (DX), will be held for the first time from February 20th to 22nd. This exhibition will introduce the latest business solutions that make full use of Web3 technologies such as digital currency, blockchain, and NFT, and will also hold luxurious seminars on hot topics such as “Idol Projects in the Web3 Era.” (the article ishere)
Game-specific blockchain Oasys accelerates expansion into Greater China Strategic alliance with Pacific Meta (1/25)
Oasys, a blockchain company specializing in games, announced on the 25th that it has entered into a strategic partnership with Pacific Meta Co., Ltd., a Web3 comprehensive consulting firm, with the aim of accelerating its expansion into the Greater China market. (the article ishere)
“Promoting the spread of DAO in Japan” Recommendations by the Liberal Democratic Party’s Digital Society Promotion Headquarters, including resolving tax deficiencies (1/26)
On the 25th, Representative Masaaki Taira, chairman of the Liberal Democratic Party’s web3 project team (PT), announced that his proposal regarding the creation of rules for DAOs (decentralized autonomous organizations) was approved by the Liberal Democratic Party’s Policy Research Council on the same day. He explained that he had made the contents of his recommendations public and would now submit them to the Financial Services Agency and other relevant ministries. (the article ishere)
JPYC Corporation to strengthen funding through angel tax system approved by Tokyo Metropolitan Bureau of Labor and Industry (1/26)
On the 25th, JPYC Co., Ltd., the operator of the Japanese yen stablecoin “JPYC,” received an application to the Tokyo Metropolitan Bureau of Labor and Industry as a company eligible for preferential treatment A and B under the angel tax system promoted by the Ministry of Economy, Trade and Industry. announced that it had been done. (the article ishere)
A number of Chinese investors are shifting their focus to virtual currencies due to the severe slump in Chinese stocks = Report (1/26)
Faced with a severe downturn in the Chinese stock market, Chinese investors are increasingly turning to cryptocurrencies as a safe haven for their assets. According to a Reuters report on the 25th, an increasing number of investors in China are using “creative methods” to own Bitcoin and other virtual currencies, rather than investing in the domestic stock market or real estate market. He also believes that it is safe. (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 synergy 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 liquidity shift from Ethereum and market analysis by A. Hayes appeared first on Our Bitcoin News.
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