Weekly Virtual Currency News | Attention to US CPI announcement, stable coin “BUSD” issued stop order, etc.

news of the week

We will deliver the news of the week (2/11-2/17) together.

This week, the Tankan on the 15th, which summarizes the financial markets after the release of the US CPI (Consumer Price Index), was the most read.

Regarding the crypto asset (virtual currency) market, the report on the 13th, which summarizes the market’s wait-and-see trend ahead of the US CPI announcement, is attracting attention.

In addition, an article on the actions of US regulatory agencies regarding the US dollar stablecoin “Binance USD (BUSD)” 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 CPI continues to slow down Nasdaq continues to rise, dollar soars (2/15)

The New York Dow on this day had fallen following the announcement of the US CPI, but the extent of the decline was limited. The Nasdaq continued to rise. Better-than-expected inflation data boosted speculation that the US Federal Reserve (Fed) would continue to raise interest rates, sending the dollar and Treasury yields sharply higher. (the article ishere)

2nd place: The NY State Department of Financial Services explained the reason for ordering the suspension of the issuance of the stablecoin “BUSD” (2/14)

The New York State Department of Financial Services (NYDFS) has issued a consumer alert on the 13th, ordering Paxos to stop issuing BUSD. He also explained the reason for the suspension. (the article ishere)

3rd place: Square enix’s new NFT project “Symbiogenesis”, Polygon will also be adopted (2/16)

Square Enix, a major domestic game company, announced on the 16th that NFT (non-fungible token) collectible art project “Symbiogenesis” will adopt the blockchain of Ethereum (ETH) for NFT collectible art and Polygon (MATIC) for game utility. Announced. (the article ishere)

Market news ranking

1st place: Bitcoin wait-and-see trend ahead of CPI, surge in “market selling” suggests Ethereum investor sentiment (2/13)

With the announcement of the CPI ahead, cryptocurrency markets such as Bitcoin (BTC) are also taking a wait-and-see approach. According to a post by maartunn, a certified analyst at data analytics firm CryptoQuant, Ethereum’s “Net Taker Volume” is the largest since May 2022, when the Terra (LUNA) shock caused the cryptocurrency market to crash. recorded negative. (the article ishere)

2nd place: Bitcoin soars to $ 25,000, the background of the rise is (2/16)

Bitcoin soared to $24,632, up 11.39% from the previous day. It outperformed major alts Ethereum 9.5% higher, BNB 8.74% higher and XRP 6.04% higher. (the article ishere)

3rd place: Bitcoin reached $ 25,000, but it fell with the US index, and the impact of the attention headline was (2/17)

Bitcoin dropped 3.68% from the previous day to $23,782. Although the price hit $25,256, surpassing the high of $25,214 in August last year, it fell sharply as the US stock index fell after the release of the Producer Price Index (PPI) by the US Department of Labor. (the article ishere)

Virtual Currency/Blockchain Industry News

New York authorities order Paxos to suspend new issuance of stablecoin “BUSD” (2/13)

The NYDFS ordered Paxos to stop issuing new BUSD on the 13th. The Wall Street Journal reported on the 12th that the US SEC (Securities and Exchange Commission) is claiming that BUSD is an unregistered security. (the article ishere)

US Pantera Capital “The cryptocurrency market has bottomed out and may have entered the next cycle” (2/16)

In a February letter to investors, US crypto fund Pantera Capital said, “The cryptocurrency market has bottomed out and entered the next bull market cycle.” He also talks about his outlook for 2023. (the article ishere)

Coincheck IEO 2nd Financier Token, accepting purchase applications from February 21 (Feb. 15)

Coincheck Co., Ltd. announced on the 15th that it will start accepting applications for purchasing “Financier Token (FNCT)” on the IEO platform “Coincheck IEO” from February 21, 2023. At the same time, the Financier Token white paper was released. (the article ishere)

Binance CZ mentions the need for stablecoins other than the US dollar such as the Japanese yen (2/15)

Binance CEO Changpong Zhao (CZ) held an AMA on Twitter on the 14th. He shared his thoughts on stablecoins following the regulator’s move. (the article ishere)

US Coinbase “Ethereum selling pressure after Shanghai upgrade is limited” (2/16)

Major US cryptocurrency exchange Coinbase released an analysis report on the selling pressure after Ethereum’s “Shanghai” upgrade on the 14th. Selling pressure is expected to be limited. (the article ishere)

Led by Amazon, Google and Sony also invested, Superplastic raised 2.6 billion yen (2/16)

The largest e-commerce company “Amazon” and the character design studio “Superplastic” announced on the 15th that they will collaborate in various fields, including investment. This time, in addition to Amazon, Google and Sony also announced that they have invested in Superplastic. (the article ishere)

Binance ready to accept settlement with US regulators, including payment of fines (2/16)

Binance may agree to pay fines as it seeks to settle with U.S. regulators, it was revealed today. It seems that the main point of contention is compliance violations in the early stages of establishment. (the article ishere)

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