news of the week
We will deliver the news of the week (June 17th to June 23rd) together.
This week, the market report on the 21st, which summarized the price of the crypto asset (virtual currency) Bitcoin (BTC) soaring and recovering to the 4 million yen level, was read the most.
In addition, the tankan on the 21st, which wrote about the sharp rebound in cryptocurrency mining stocks, etc., is also attracting attention.
In addition, an article reporting that three new companies have applied for bitcoin spot ETFs (exchange-traded funds) also attracted a lot of attention.
table of contents
- This week’s news ranking
- Market news ranking
- Virtual Currency/Blockchain Industry News
This week’s news ranking
1st place: GBTC’s “negative divergence” has decreased significantly (June 21), exceeding 4 million yen due to the soaring price of Bitcoin
On this day, the Bitcoin price soared and recovered to the 4 million yen level. Meanwhile, it turned out that the discount (negative divergence) of the grayscale investment trust “Bitcoin Trust (GBTC)” is rapidly shrinking. (the article ishere)
2nd place: Bitcoin spot ETF, 3 new companies apply, re-challenge in response to SEC concerns (6/22)
Since BlackRock, the largest US asset management company, Valkyrie, Invesco, and WisdomTree have also applied for physical Bitcoin ETFs. All companies have been disapproved by the U.S. Securities and Exchange Commission (SEC) in the past and will try again. (the article ishere)
3rd place: GMO coin will also abolish OMG handling Partial service termination of NEM will also be implemented (6/21)
GMO Coin announced on the 20th that it will discontinue handling of OMG (OMG) and terminate some services of NEM (XEM). Coincheck also announced the delisting of OMG on the same day. (the article ishere)
Market news ranking
1st place: Bitcoin 4 million yen return, virtual currency mining stocks rebound sharply Tonight, Chairman Powell’s parliamentary remarks | 21st Financial Tankan (6/21)
The price of Bitcoin returned to 4 million yen, and virtual currency mining stocks rebounded significantly. It seems that BlackRock’s Bitcoin ETF application last week, German megabank Deutsche Bank’s virtual currency custody application, and the planned launch of Wall Street-backed virtual currency exchange “EDX Markets” were also considered. (the article ishere)
2nd place: Bitcoin recovers to $ 30,000 level, BCH rises 28% compared to the previous day (June 22)
The Bitcoin price continued to rise and recovered to the $30,000 level. In addition, Bitcoin Cash (BCH) soared 28% from the previous day, Litecoin (LTC), which will be halved around August this year, rose 7.2%, and Ethereum (ETH) rose 5.7%. (the article ishere)
3rd place: Bitcoin rises at an important milestone, short position is a large loss cut (6/23)
Bitcoin fell 0.89% from the previous day to $29,983. In the cryptocurrency futures market, the largest $180 million short position loss cut (forced liquidation) in the past three months occurred, and short covering pushed up the market. (the article ishere)
Virtual Currency/Blockchain Industry News
Binance’s Lightning integration and Deutsche Bank’s virtual currency custody application | Summary of important bulletins on the morning of the 21st (6/21)
This article summarizes the important news of the day. On this day, we posted that Binance is working to support the Lightning Network for Bitcoin deposits and withdrawals, and that Deutsche Bank has applied for a custody license for digital assets, including virtual currencies. (the article ishere)
Suspension order to US custody company Prime Trust Unable to handle withdrawals (6/23)
The Nevada Department of Financial Institutions said on Monday that Nevada-based custody company Prime Trust would be unable to accept new assets from clients for its custody business, citing deteriorating financial conditions. I ordered you. (the article ishere)
EDX Markets, a virtual currency exchange funded by Wall Street Finance, opens in the United States (6/21)
EDX Markets, a new virtual currency exchange exclusively for institutional investors, launched its service on the 21st. The stocks handled and supporting companies have been clarified. (the article ishere)
From 32 ETH to 2,048 ETH Ethereum improvement plan, aiming to improve network efficiency by increasing maximum staking amount (6/20)
A new proposal to increase the maximum staking amount validators can hold was discussed at the Ethereum core developer meeting. A proposed change is to keep the minimum holding requirement of 32 ETH, but raise the maximum amount a validator can stake to 2,048 ETH. (the article ishere)
US Fed Chairman Powell “Stablecoins need to be supervised by central banks” (6/22)
US Federal Reserve (Fed) Chairman Jerome Powell said at a public hearing on the 21st that the issuance and use of stablecoins requires strong central bank supervision. He said he believes the stablecoin used for payments is “one of the currencies.” (the article ishere)
Polygon to discuss proposal to upgrade “Polygon PoS” to “zkEVM Validium” (6/21)
Polygon Labs, which develops Polygon (MATIC) technology, announced on the 20th that its engineering team has proposed to upgrade “Polygon PoS” to “zkEVM Validium.” zkEVM Validium is an L2 solution that leverages zero-knowledge proofs. (the article ishere)
What is an exchange-traded trust “Bitcoin ETF” | Why the application of BlackRock is attracting attention (6/23)
With the US SEC’s regulatory pressure increasing, BlackRock applied for a “Bitcoin ETF” in June 2023, which is being considered as a material in the market. Explain why Bitcoin ETF applications are attracting attention so that even beginners can understand. This article has been updated on the 23rd from what was published in the past. (the article ishere)
The post Weekly virtual currency news | Attention is focused on the return of BTC price of 4 million yen, three new companies apply for Bitcoin spot ETFs, etc. appeared first on Our Bitcoin News.