Weekly Virtual Currency News | Attention to BlackRock’s Bitcoin ETF Application, Hinman Documents Released in Ripple Trial, etc.

news of the week

We will deliver mainly the news of the week (June 10th to June 16th).

This week, the news that US asset management giant BlackRock applied for a Bitcoin (BTC) exchange-traded fund (ETF) was the most read news.

Regarding the crypto asset (virtual currency) market, the report on the 12th, which summarizes the fact that the dominance, which indicates the market share of Bitcoin, has risen to the 50% level for the first time in two years, is attracting attention.

In addition, an article reporting that the Hinman documents were made public in the Ripple trial also attracted a lot of attention.

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: US BlackRock applies for Bitcoin ETF (June 16)

BlackRock filed for Bitcoin ETF on May 15. The company has previously launched multiple blockchain-related ETFs and bitcoin private mutual funds. (the article ishere)

2nd place: Ripple trial, SEC’s Hinman lecture materials open to the public after 5 years (6/14)

Amid the ongoing dispute between Ripple Inc. and the US Securities and Exchange Commission (SEC) over the XRP securities issue, the presentation material of a former SEC official, which is one of the important focal points, has finally been released to the public. This document describes the process leading up to the completion of the lecture manuscript. (the article ishere)

3rd place: Mr. Vitalik’s proposal, what are the “three transitions” essential for the evolution of Ethereum (6/10)

Ethereum (ETH) co-founder Vitalik Buterin published a new proposal on his blog on the 9th. He points out that “three transitions” are essential for Ethereum to move from an experimental stage to a mature technical base that is easy for general users to use. (the article ishere)

Market news ranking

1st place: Bitcoin Dominance reaches 50% level for the first time in 2 years, loss cut of 50 billion yen due to Alto crash (6/12)

Bitcoin price rose 0.23% from the previous day to $25,840. Bitcoin dominance has risen to 50% level for the first time since April 2021. (the article ishere)

2nd place: BNB, which has fallen sharply, rebounded sharply as the CPI passed and the stock index did not rise, but Bitcoin was dull (June 14)

Even after the announcement of the US CPI (Consumer Price Index), bitcoin has been dull. Meanwhile, BNB, which had fallen sharply, rebounded more than 7% from the previous day. (the article ishere)

3rd place: Bitcoin market favors BlackRock’s ETF application, Bank of Japan policy meeting maintains large-scale monetary easing (6/16)

Bitcoin price rebounded to $25,473, up 1.64% from the previous day. In addition to the US index rebounding, BlackRock’s application for handling a Bitcoin ETF was well received. (the article ishere)

Virtual Currency/Blockchain Industry News

Litecoin Halving Scheduled around August 7th, On-Chain Data Suggests Major Investor Trends (June 11th)

With the halving of Litecoin (LTC) approaching in about 60 days, growing interest is reflected in Google searches and on-chain data. According to BitDegree calculations that can be confirmed on the 11th, Litecoin’s next halving is scheduled for August 7, 2023. (the article ishere)

US Bakkt, Solana Polygon Ada also delisted (6/16)

Bakkt, a cryptocurrency-related company under the Intercontinental Exchange (ICE) in the United States, has also delisted Solana (SOL), Polygon (MATIC), and Ada (ADA). This article was published in May and updated on the 16th of this month. (the article ishere)

US bipartisan stablecoin draft, latest version released (6/10)

The U.S. House Financial Services Committee released the third revised version of the bipartisan stablecoin draft drafted by Rep. Patrick McHenry and others on the 8th. The bill includes adjustments to reconcile the positions of Republicans and Democrats, and responds to additional comments from Republican lawmakers. (the article ishere)

Apple Inc. does not approve the update of Bitcoin wallet “Zeus” (6/15)

Bitcoin wallet Zeus founder Evan Kaloudis announced on the 14th that the new Zeus version 0.7.6 was not approved by Apple. The reason for the non-approval was clarified. (the article ishere)

Apple warns of Bitcoin tipping function Decentralized SNS “Damus” refutes (6/14)

The decentralized SNS project “Damus” announced on the 13th that Apple’s app store pointed out that it violated the guidelines. What is being questioned is the function “Zaps” that allows Bitcoin tipping using the Lightning Network. (the article ishere)

GMO Coin Announces Cryptocurrency Trading Popularity Ranking for May (6/15)

On the 15th, GMO Coin announced the cryptocurrency trading ranking for May 2023. Among the “exchanges (spot trading)” where customers can buy and sell between themselves, Bitcoin ranked first. (the article ishere)

bitbank, virtual currency The Graph (GRT) listed for the first time in Japan (6/12)

Bitbank announced on the 12th that it will start handling The Graph (GRT) from June 15, 2023. We plan to provide services such as sales, exchanges, and lending (renting and increasing crypto assets). (the article ishere)

US SEC refuses to respond to Coinbase regulatory petition (6/14)

The U.S. SEC filed documents on Coinbase’s cryptocurrency rulemaking petition following an appeals court order on the 13th. Refusing to answer within the 7 day deadline. (the article ishere)

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