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news of the week
We will deliver the news of the week (7/1 to 7/7) together.
Litecoin (LTC)’s surge in price was the most read article this week.
Regarding the crypto asset (virtual currency) market, the report on the 3rd, which summarizes the rate of rise and fall of Bitcoin (BTC) in the first half of 2023 among all financial products, is attracting attention.
In addition, the news that I wrote about the release of Instagram’s new app “Threads” 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: The virtual currency Litecoin exceeds $ 100, the background of the soaring (7/1)
Litecoin price rises ahead of halving. This article analyzes the background of the surge. (the article ishere)
2nd place: New Instagram app “Threads” scheduled to be released as a meta Twitter competition app (7/4)
Instagram registered the iOS version of its text-based communication app Threads on Apple’s App Store on the 3rd. Threads was released on the 6th. (the article ishere)
3rd place: Sudden inflow of funds into US Bitcoin futures ETF | Summary of important bulletins on the morning of the 5th (7/5)
The inflow of funds to the Bitcoin futures ETF “ProShare BITO”, which was first approved in the United States in October 2021, surged. The recent rally in bitcoin prices has improved sentiment among institutional investors. (the article ishere)
Market news ranking
1st place: Bitcoin’s rate of change in the first half of 2023, recorded 83.8% of all financial products (7/3)
Bitcoin’s rate of change in the first half of 2023 is +83.8%, which greatly outperforms the Nasdaq’s +31.7%. This is the number one record for all financial products. (the article ishere)
2nd place: Re-entering the turning point of the BTC trend, demand for Hong Kong “virtual currency ETF” surges (7/4)
Bitcoin price on this day rose 1.76% from the previous day to 1 BTC = $ 31,252. It has entered a battle with a major resistance line (upper price resistance line), and if it breaks the $32,000 level, it is likely to see a further rise accompanied by short covering. There are many views that it is necessary. (the article ishere)
3rd place: Bitcoin miner is the second largest remittance in history? In the NFT market, large-scale liquidation of collateral assets occurs (7/5)
According to Glassnode, a bitcoin miner has confirmed a transfer worth $105 million. This is the second largest in history. (the article ishere)
Virtual Currency/Blockchain Industry News
Multichain Bridge, virtual currency equivalent to over 14.6 billion yen illegally leaked Revoke recommended to users (7/7)
Blockchain security company Peckshield pointed out on the 7th that virtual currency equivalent to 14.6 billion yen was withdrawn from the bridge of the cross-chain router protocol “Multichain”. Multichain called for all related contracts to be Revoke. (the article ishere)
US Nasdaq reapply for Valkyrie Bitcoin ETF BlackRock CEO comments on Bitcoin and gold |
US Nasdaq has updated the application form (19b-4) for US investment trust management company Valkyrie’s spot-type Bitcoin ETF. Added a new wording to conclude a surveillance sharing agreement with Coinbase. (the article ishere)
BlackRock CEO “Bitcoin is an international asset”, highly praises its role as digital gold (7/6)
Larry Fink, CEO of BlackRock, the largest asset management company in the United States, appeared on the Fox Business program on the 5th. He said that Bitcoin is a “global asset” that plays a role in “digitizing gold”. (the article ishere)
SPAC listed on Nasdaq stock market as first virtual currency ATM operating company in the United States (7/4)
Bitcoin Depot, a US company that provides bitcoin ATM (automated teller machine) services, listed on the Nasdaq on the 3rd. It is said to be the first time a company that provides virtual currency ATM services has listed its stock on a major US market. (the article ishere)
Big Token Unlock in July What is the distribution plan and impact of Optimism, Aptos and ApeCoin? (7/4)
Major cryptocurrencies such as Optimism (OP), Aptos (APT) and ApeCoin (APE) are expected to unlock a total of $100 million worth of tokens during July. Token unlocking refers to an event where a Web3 project releases tokens that have been locked up for a period of time to the market. (the article ishere)
China’s central bank plans to inaugurate Vice Governor Ban, a bitcoin skeptic (7/4)
The Communist Party of China has appointed Ban Gongsheng, vice governor of the People’s Bank of China (PBOC), as secretary of the party committee. Ban, who has been touted as his next president, is also known for his critical views on Bitcoin. (the article ishere)
Circle CEO Reveals Possibility and Prospects of Stablecoin Business in Japan (7/6)
On the 6th, Jeremy Allaire, CEO of Circle, a US company that handles the issuance of stablecoin USDCoin (USDC) and related infrastructure, said on the 6th that the company is considering business development including the issuance of stablecoin in Japan. ‘ said in an interview. (the article ishere)
The post Weekly virtual currency news | New Instagram app “Threads” released, etc., attracting attention to the soaring price of Litecoin appeared first on Our Bitcoin News.
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