Weekly News (+Asia Special) | Highly interested in E. Musk’s comments on virtual currencies and Arthur’s consideration of BTC spot ETF

This week’s news

We bring you a summary of the most popular crypto asset (virtual currency) news over the past week (12/23-12/29).

This week, we have comments on cryptocurrencies from Elon Musk, CEO of Tesla, the owner of X, and Bitcoin (BTC) spot ETF (listed News related to discussions on investment trusts (investment trusts) attracted attention.

1. This week’s featured news
2. financial market
3. Asia special feature

This week’s featured news

Elon Musk: “I don’t have much time to think about virtual currencies” (12/23)

“I don’t spend any time thinking about cryptocurrencies,” Musk said. The remark was in response to Wood’s X Space conversation with CEO of hedge fund giant Ark Invest about Bitcoin’s potential impact on the financial system. (the article ishere)

“Cash ETFs could destroy the Bitcoin network” Arthur Hayes’ thoughts (12/26)

Arthur Hayes published an article on virtual currency investment on the 23rd. He states his view that “cash ETFs could disrupt the Bitcoin network.” (the article ishere)

MicroStrategy buys $615 million worth of virtual currency Bitcoin in December (12/27)

MicroStrategy announced on the night of the 27th that it had purchased more Bitcoin. This time, they acquired 14,620 BTC for an amount of $615 million. (the article ishere)

financial market

Bitcoin is struggling in the high price range, and there is a sense of caution about “fact selling” if the ETF is approved (12/25)

On this day, the Bitcoin price fell 2.1% from the previous day to 1 BTC = $42,955. QCP Capital, a Singapore-based cryptocurrency trading company, said it expects the Bitcoin ETF to be approved as early as January 5th to 10th, but says there is a strong possibility that it will become a self-the-fact. “Being optimistic is a no-no,” he warned. (the article ishere)

Bitcoin year-end position adjustment selling may be dominant, or Korean “Kimchi Premium” rises against the backdrop of soaring alto prices (12/27)

Bitcoin price fell 2.6% from the previous day to 1 BTC = $42,337. On this day, an analysis by SignalQuant posted on the data analysis company CryptoQuant revealed that the price deviation of South Korea’s premium index (14-day moving average) has sharply increased in the past two weeks, and speculation fever in the South Korean market is rapidly increasing. It was confirmed that there is. (the article ishere)

Altcoins fall due to early profit-taking selling, a warning signal for overheating in the futures market (12/29)

Stocks that had skyrocketed, such as Solana (SOL) and Polygon (MATIC), suffered a reactionary decline. On the 28th, $32.8 million worth of Solana was transferred to Binance. (the article ishere)

Asia special feature

Hong Kong begins accepting applications for virtual currency spot ETFs (12/23)

The Hong Kong Securities and Futures Commission (SFC) announced on the 22nd that it is ready to accept applications for a physical cryptocurrency ETF. This was stated in a circular informing the SFC and the Hong Kong Monetary Authority (HKMA) of their new policy for intermediaries engaged in crypto-related activities. (the article ishere)

Japan’s first digital securities secondary market “START” opened, trading of two stocks, Kenedix and Ichigo, started (12/26)

On the 25th, Osaka Digital Exchange Co., Ltd. (ODX) opened Japan’s first digital securities (ST) secondary market, START. Security token trading has started on ODX’s Private Trading System (PTS). (the article ishere)

SBI establishes joint venture with TradeFinex in Japan and begins experimenting with the use of virtual currencies XDC and Corda (12/28)

SBI Holdings announced on the 27th that it has established a joint venture with TradeFinex Tech Ltd. of the United Arab Emirates (UAE), as announced in September of this year. The company has also announced that it has started a proof of concept (PoC) as its first project. (the article ishere)

Hong Kong Monetary Authority announces draft regulations for stablecoin issuers (12/28)

On the 27th, the Hong Kong Monetary Authority, jointly with the Financial Services Bureau (FSTB), published a consultation paper on introducing regulations for stablecoin issuers, and solicited public comments. The consultation paper takes into account feedback from the public and industry participants on the virtual currency and stablecoin regulation deliberation document released by the Hong Kong Monetary Authority last year, market conditions and needs, and international standards. . (the article ishere)

Indian authorities request access to 9 exchanges including Binance to be blocked due to violation of anti-money laundering laws (12/29)

On the 28th, the Financial Intelligence Bureau under the Indian Ministry of Finance asked the Ministry of Electronics and Information Technology to cut off access (block the URLs) to nine overseas virtual currency exchanges, including Binance. It points out that these exchanges are operating illegally and not in accordance with the provisions of the Prevention of Money Laundering Act (PML Act). (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

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