XRP ruling is a “groundbreaking victory”, increasing demand for crypto assets from gold investors[Weekly Review: 7/15-7/21]| CoinDesk JAPAN

XRP in the spotlight

This week, the movement surrounding XRP also attracted attention. The impact of the trial with the SEC, which was partially won, and the price movements resulting from it, will be focused on XRP for a while.

Bitcoin ETF, examination start

The SEC’s Bitcoin ETF review process has finally begun. However, it is likely that the minimum review period of 45 days will not be decided and will be extended to the maximum of 240 days.

■ Market trends

The CEO of BlackRock, who was so skeptical about Bitcoin, said that he would push Bitcoin again. Bitcoin trading volume in Japan is also increasing.

■ Industry trends

A fund that pours money into crypto assets whose value has become almost zero has appeared. Diversity is a sign of maturity.

One More Thing…

Movements have diversified and become active in Japan as well. The Osaka-Kansai Expo has some negative media coverage, but it looks like it will be an event that accelerates Web3’s efforts.

I did some interviews this week. Although the themes were completely different, common topics came up as “Japan is attracting attention from overseas” and “the country’s promotion of Web3 is a strong tailwind.” In the first half of 2023, interesting movements are likely to continue.

｜Sentence and editing: Takayuki Masuda
｜Image: Shutterstock