Kurt Ebenzer
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Bitcoin's all-time high is within reach, but will it change significantly depending on the PCE results | Contributed by a bi
Virtual currency market prices this week from March 23rd (Sat) to March 29th (Fri) Mr. Hasegawa, an analyst at major domestic exchange Bitbank, illustrates this week's Bitcoin chart and deciphers the future outlook.
Bitcoin weekly closing price is trending steadily in the $71,000 range, is there a strong desire to buy on the downside?
Macroeconomics and financial markets On the US New York stock market on March 28, the previous weekend, the Dow Jones Industrial Average closed 47.2 points (0.12%) higher than the previous day, while the Nasdaq index closed 20 points (0.12%) lower. On the Tokyo stock market, the Nikkei Stock Average fell by 604 yen (1.5%) from the previous weekend to 39,765 yen.
It is unclear whether X (Twitter)'s payment function X Payments will support virtual currencies at launch
Virtual currency business license not applied With regard to the payment function “X Payments” that social media giant X recently obtained remittance licenses in the United States, including New Mexico, Oregon, and Illinois. So far, it has already been licensed in 22 of the 50 states in the United States.
Coinbase newly lists Arkham, some stocks will be discontinued
New listings and delisted stocks On the 2nd, the US virtual currency exchange Coinbase announced new listed stocks. The target is Arkham (ARKM), which will be treated as an ERC20 token on the Ethereum mainnet. ARKM is +4.8% compared to the previous day. Trading will take place from 12pm (ET) on the 2nd US time, and will be offered as the ARKM-USD currency pair.
CEO of US asset management company Morgan Creek predicts Bitcoin will exceed 20 million yen by the end of this year
Bitcoin bullish forecast Mark Yusko, founder and CEO of US asset management company Morgan Creek Capital Management, appeared on CNBC's “Fast Money” on March 28 and discussed the price of crypto asset (virtual currency) Bitcoin (BTC). predicted that it would exceed $150,000 (approximately 22.7 million yen) by the end of this year. Mr. Yusko used “Metcalf's Law'' to mathematically calculate the fair value of Bitcoin based on the number of users and miners and network effects.
Why Buffett's Berkshire Hathaway's profits from crypto-related stocks are attracting attention
Invested in Nu Holdings It has attracted attention that Berkshire Hathaway, an investment company led by famous investor Warren Buffett, appears to be profiting from an investment in Nu Holdings, which operates a business related to crypto assets (virtual currency). ing. Nu Holdings' stock price, which Ark Investment CEO Cathie Wood has also been buying into, has roughly doubled since 2024. Nu Holdings is Brazil's largest fintech company, founded in 2016.
Tether's Bitcoin holdings exceed 780 billion yen
Increased Bitcoin purchases in 1Q Tether, which issues crypto assets (virtual currency) such as the USDT stablecoin, reported that it held over 780 billion yen ($5.2 billion) in Bitcoin in the first quarter of this year. It was done. Tether added $627 million worth of Bitcoin (8,888 BTC) during the quarter. As a result, the number of holdings by the company is 75,354 BTC (800 billion yen), ranking 4th among listed and unlisted companies holding Bitcoin, after Block.one (140,000 BTC).
Farcaster developer becomes a 'unicorn' with Paradigm-led round
SNS app gaining popularity with meme coins and NFTs Farcaster, a decentralized SNS protocol that uses Ethereum's L2 Optimism (OP), appears to be becoming a unicorn company (valued at over $1 billion) with a new round of funding. Bloomberg reported on March 31st. The new round is led by Paradigm, which has invested in Farcaster developer Merkle Manufactory. Co-founder Dan Romero (former Coinbase executive) confirmed the funding on social media.
Expecting to promote decentralization of Ethereum, Vitalik explains development plan “Purge”
Ethereum development plan On the 1st, Vitalik Buterin, co-founder of the crypto asset (virtual currency) Ethereum (ETH), explained one of the components of the roadmap, “Purge.'' The main purpose of purge is to simplify the protocol and reduce the burden on the nodes. The English word “purge” means “to remove.” Buterin said he also expects the purge to further decentralize the Ethereum network.
WiFi sharing DePin-based project “Roam” migrates to Solana blockchain
WiFi share goes to Solana Roam (formerly MetaBlox), a protocol that facilitates open access for WiFi networks, has announced that it will be migrating its blockchain from Ethereum to Solana. Roam is a decentralized WiFi sharing service based on rewards from the token “ROAM”. Users can purchase a special router called the MetaBlox miner, or add their own router network to the smartphone app and share access to the internet, earning points that can be converted into ROAM tokens in the future.
Ripple Faces $2 Billion SEC Challenge: A Turning Point for Cryptocurrency Regulation
The U.S. Securities and Exchange Commission (SEC) has reportedly requested a New York judge to impose a $2 billion fine and penalties on Ripple Labs. Stuart Alderoty, Ripple’s Chief Legal Officer, disclosed this information.
Solana-based real estate derivatives exchange “Parcl” announces airdrop, TVL exceeds $100 million
PRCL airdrop announced The TVL (total deposit amount) of Parcl, a project based on the crypto asset (virtual currency) Solana (SOL), exceeded $100 million (approximately 15 billion yen) on the 28th. 🚨 JUST IN: @Parcl TVL breaks $100 million, gained over $25 million TVL since they announced the airdrop.
Investment bank upgrades MicroStrategy on the assumption that Bitcoin will exceed $120,000
Assuming “BTC to exceed $120,000 by the end of 2025” On the 27th, investment bank Benchmark announced an upgrade report that set the target price of MicroStrategy, which is known for investing in the crypto asset (virtual currency) Bitcoin (BTC), at $990. MicroStrategy's stock price is approximately $872 at the time of writing. It has risen more than 8% since the beginning of this week.
Web3 trading card game “Parallel”, open beta version to start soon PRIME token price soars
Open beta in 2 days The Web3-based NFT trading card game “Parallel” released its latest trailer video on the 28th, revealing the start date of the game's open beta. The game is currently in closed beta (over 600,000 plays) and is scheduled to open on February 29th. Parallel is a free-to-play card game that offers deck-building versatility through 15 leaders (paragons), each with unique powers and characteristics.
"Ethereum is the most-held virtual currency by institutional investors," while individual investors still mainly hold cash
Virtual currency investment report Crypto asset (virtual currency) exchange Bybit announced on the 27th that it has released the latest version of its report on the investment behavior of its users. This report mainly reports on the investor's fund allocation status. The research period covered by the report released this time is from July 2013 to January 2024.
Ethereum “Dencun” mainnet implementation date scheduled for March 13th
Mainnet decided On the 27th, the Ethereum Foundation announced that Dencun, the next major upgrade for the crypto asset (virtual currency) Ethereum (ETH), has been successfully launched on all testnets and will now enter the mainnet implementation stage. The mainnet implementation time is estimated to be 22:55 on March 13th Japan time, and it is expected to launch at epoch “269568”. This will enable the introduction of EIP-4844 (Protodunk Sharding).
Web3 Oshikatsu “Oshi” is newly listed on the crypto asset exchange BITPOINT
Oshikatsu to Web3 On the 27th, the domestic crypto asset (virtual currency) exchange BITPOINT conducted a new listing of “Oshi Token (OSHI)”, the original virtual currency of the OSHI activity initiative “OSHI3” project. This will be the first exchange listing of this token.
Binance Lab invests in Bitcoin staking “Babylon” Testnet to be released soon
Testnet starts today On the 27th, Binance Lab, the VC arm of Binance, a major crypto asset (virtual currency) exchange, announced that it has invested in the Bitcoin (BTC) staking protocol “Babylon.” The amount of investment was not disclosed. Babylon embodies the concept of native Bitcoin staking, allowing users to stake BTC on another PoS blockchain and earn yield without using third-party custody, bridging solutions, or wrapping services. It's a platform that makes it possible.
Binance Japan to list 3 cryptocurrencies, increasing number of stocks to 50
50 brands handled Binance Japan, a domestic crypto asset (virtual currency) exchange, announced on the 27th that it plans to handle three new stocks. Targets include Wrapped Bitcoin, Filecoin, and Sui, which will be available starting March 5th at spot crypto asset trading and sales offices, exchanges, and lending crypto assets. handle. With the listing of these three stocks, the total number of stocks handled by Binance Japan will be 50.
bitFlyer announces listing of Dogecoin (DOGE)
Dogecoin listed bitFlyer, a major domestic crypto asset (virtual currency) exchange, has announced that it will begin handling Dogecoin (DOGE) at its sales offices from Thursday the 29th. As it is a sales office, it does not support board trading. Dogecoin was first listed on a domestic exchange in April 2022. Dogecoin is a crypto asset that features a logo with a Shiba Inu motif from Doge, a well-known internet meme.
U.S. court orders Energy Information Administration to stop mining company's data collection request
Possibility of suffering irreparable damage On the 23rd, the U.S. District Court for the Western District of Texas temporarily suspended an emergency investigation of the U.S. Energy Information Administration (EIA) in a lawsuit filed by the Texas Blockchain Council (TBC) and crypto mining company Riot Platforms against the U.S. Energy Information Administration (EIA). The court made a decision to grant a temporary restraining order (TRO) to prevent the incident.
US Circle partners with Coincheck for domestic listing of stablecoin USDC
Toward domestic listing of USDC In order to promote the spread of the crypto asset (virtual currency) stablecoin USDC in Japan, the issuing company Circle Inc. announced that it will partner with Coincheck, a major domestic virtual currency exchange. Regarding stable coins, in Japan, the amended Payment Services Act will come into effect in June 2023, and stable coins will be issued using legal currency as collateral, and the coins will be exchanged with legal currency at a certain exchange rate.
Bitcoin prices soar to $56,000 level, accelerating ETF buying by institutional investors
Macroeconomics and financial markets On the US New York stock market on the 26th, the Dow Jones Industrial Average closed down 390.69 points (0.16%) from the previous day, and the Nasdaq index closed down 20.5 points (0.13%). In the Tokyo stock market, which hit a new all-time high, the Nikkei Stock Average fell by 59.79 yen (0.15%) from the previous day to 39,173 yen. With the soaring price of Bitcoin (BTC), US stocks related to crypto assets (virtual currency) have been rising across the board.
Experts discuss the possibility that Bitcoin ETF assets will overtake gold ETFs
Is there a possibility that Bitcoin ETF will lose money? Bloomberg analyst Eric Balciunas said on the 26th that there is a “good chance” that the assets under management of Bitcoin (BTC) ETFs will exceed those of gold ETFs within two years. . Blockworks reported. The 10 Bitcoin spot ETFs that began trading in January have recorded net inflows of approximately $5.5 billion (approximately 830 billion yen) to date.
Astar, Oasys, BackPack and others donate 20 million yen to Noto Peninsula earthquake
Donation project using virtual currency On the 26th, Gracone Co., Ltd., whose representative is Mai Fujimoto, announced that approximately 20 million yen in donations was collected in a campaign to solicit donations in crypto assets (virtual currency) related to the 2020 Noto Peninsula Earthquake. It is being implemented in partnership with five blockchain project organizations and companies based in Japan.
Coinbase +16.8% compared to the previous day, exceeding the Nikkei average bubble | 27th Financial Tankan
Traditional finance *2/27 (Tue) NY Dow: 39,069 -0.16% Nasdaq: 15,976 -0.13% Nikkei average: 39,233 +0.3% USD/JPY: 150.6 +0.2% NVIDIA: $790.9 +0.3% Microsoft: $176 -0.3% US stock indexes are slightly lower today. Investors are awaiting comments from senior Fed officials this week on the future interest rate environment.
Fork “Cosmos Hub” Cosmos development company AiB plans to launch governance chain
Fork Cosmos Hub All in Bits (AiB), the developer of the crypto asset (virtual currency) Cosmos (ATOM), plans to launch a blockchain specialized for governance use, “GovGen'', at 11:00 pm on the 27th Japan time. GovGen will build to design a new blockchain called “AtomOne”. AtomOne is a fork of Cosmos's blockchain “Cosmos Hub.'' What is a fork? It is often used to mean forking a blockchain, but it can also refer to copying code and starting another project.
Coinbase selects AI/DePIN related stocks as candidates for new listing, approx. 15% increase from previous day
Popular AI stocks On the 27th, the US virtual currency exchange Coinbase announced new AI/DePIN-related stocks that it is considering listing (roadmap). The target this time is Akash Network (AKT), which gained +14.7% following Coinbase's announcement. Akash Network is a distributed GPU rendering and distributed cloud computing network similar to Render Network, and is also a DePIN (Distributed Physical Infrastructure Network) stock. AKT is a Cosmos-based token.
Modular Celestia rival Avail raises $4 billion from Founders Fund and others
Is the token release coming soon? Avail, a modular blockchain independent from Polygon, has raised a large new seed round. There are expectations that the token release/airdrop is approaching. With this round, Avail has raised $27 million (equivalent to $4 billion).
MicroStrategy increases Bitcoin purchases in February BTC reaches $54,000 level for the first time this year
Continuous purchase MicroStrategy announced on the night of the 26th that it had increased its purchases of the crypto asset (virtual currency) Bitcoin. Unrealized gains exceed $4.4 billion (663 billion yen). MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoinAs of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin.
Early Bitcoin developer releases emails from Satoshi Nakamoto during trial
Lawsuit over the creator of Bitcoin 260 emails from Satoshi Nakamoto, the creator of the crypto asset (virtual currency) Bitcoin (BTC), were released on the 23rd by Maruti Marmi, an early Bitcoin developer and contributor. .
Securities firm OANDA Group to offer virtual currency trading in the UK
Obtained UK FCA compliant Coinpass Online securities group OANDA has officially begun trading in cryptocurrencies in the UK. It plans to offer trading for over 63 crypto asset (virtual currency) pairs, including Bitcoin (BTC) and Ethereum (ETH). CoinDesk reported on the 26th. Lucien Lauerman, head of digital assets at OANDA, said that although the UK's regulatory hurdles are a little higher than elsewhere, he appreciates the way cryptocurrencies are aligned with traditional financial markets.
Bitcoin struggles at $51,000 level, weekly net outflows from exchanges are largest since June 2023
Macroeconomics and financial markets On the US New York stock market on the 23rd of last week, the Dow Jones Industrial Average closed 39,131 points (0.16%) higher than the previous day, while the Nasdaq index closed 44.8 points (0.28%) lower. In the Tokyo stock market, the Nikkei Stock Average, which hit a record high for the first time in 34 years, continued to rise to 39,340 yen, an increase of 227 yen (0.58%) from the previous day.
Reddit, a major bulletin board aiming to list IPO stocks, reveals holdings of Bitcoin and Ethereum
Invest in BTC and ETH On the 22nd, Reddit, a major US bulletin board, filed a notification regarding its initial public offering (IPO) with the US Securities and Exchange Commission (SEC). Among them, he stated that he holds Bitcoin (BTC) and Ethereum (ETH) as financial assets. It looks like they are investing some of their surplus cash in BTC and ETH. He also said he received Polygon (MATIC) and Ethereum as payment for the sale of certain virtual goods.
Weekly Cryptocurrency News (+Asia Special Feature) | Strong interest in the sudden rise in World Coin and the selection of Japan
This week's news We bring you a summary of the most popular crypto asset (virtual currency) news over the past week (2/17-2/23). This week's articles include the sharp rise in World Coin (WLD), the selection of Japanese stocks as the “Seven Samurai” by major investment bank Goldman Sachs, and large-scale Bitcoin (BTC) withdrawals from Coinbase. attracted the most interest.
U.S. Treasury bond-backed tokens will be distributed on Aptos, with onboarding possible
Tokenized US Treasuries to Aptos Ondo Finance, an institutional-class on-chain fund that invests in U.S. bonds, announced on the 23rd a strategic partnership with the Aptos Foundation, which supports the layer 1 blockchain Aptos (APT). As a first step in the collaboration, the USDY token issued by Ondo will be integrated into the Aptos blockchain.
Sui blockchain partners with Stardust to promote Web3 game development
Integrate WaaS platform Stardust, which provides Web3 gaming infrastructure and user acquisition services, announced its integration with the Sui blockchain last week. The partnership will see Sui integrated into Stardust's wallet-as-a-service (WaaS) platform and user acquisition tools. This collaboration is expected to bring new games and features to the Sui network, improving user experience and enriching Sui's Web3 gaming ecosystem.
Former US President Trump has changed his positive attitude towards Bitcoin?
Says “Coexistence with Bitcoin is possible'' Former US President Donald Trump expressed a more positive view of Bitcoin (BTC) at a town hall (a type of debate) held in South Carolina on the 20th. Moderator Laura Ingraham pointed out that the crypto asset (virtual currency) Bitcoin is decentralized and not controlled by the government, and that younger generations are particularly interested.
Grayscale applies for privacy-themed index ETF Also owns Zcash investment trust
Aiming to expand ETF products Grayscale, an American crypto asset (virtual currency) investment company that provides the Bitcoin spot ETF “GBTC,” has filed an application for a new virtual currency-related index ETF. The new submission is the “Grayscale Privacy ETF” and will be submitted on February 20th. Grayscale files for Privacy ETF… Index-based & would track cos involved in data security & protection, cybersecurity products & services incl blockchain-based technology solutions, etc.
US-registered investment advisor Carson Group offers clients Bitcoin ETFs such as iShares
Expand access to ETFs More US investors can now buy and sell physical Bitcoin ETFs. US-registered investment advisor Carson Group is now offering Bitcoin ETFs such as BlackRock's iShares to its clients. This will encourage liquidity and capital inflows. Carson stocks four stocks: BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC. Aside from Grayscale's GBTC, BlackRock's IBIT currently has the highest market capitalization, valued at $6.6 billion.
Matrixport aims to reach $63,000 in Bitcoin by March
“As much as $63,000 is possible depending on multiple factors.” Crypto asset (virtual currency) service company Matrixport has made a bullish prediction in a new report that there is still a possibility that Bitcoin (BTC) will reach $63,000 (approximately 9.5 million yen) by March 2024. Ta. Factors cited include the approval of a Bitcoin spot ETF, the Bitcoin halving, expectations for a rate cut after the Federal Reserve's FOMC meeting, and the US presidential election.
A16z, accelerating cryptocurrency restaking, invests 15 billion yen in Eigen
Popular restaking narrative Andreessen Horowitz (a16z), a major Silicon Valley VC firm, has invested $100 million in Eigen Labs. Eigen Labs is a company that develops EigenLayer, a restaking protocol for the crypto asset (virtual currency) Ethereum (ETH).
Avalanche stops confirming blocks due to network failure, reports resolution approximately 6 hours later
A problem occurred when confirming the block. On the 23rd, a problem occurred in the block chain of the crypto asset (virtual currency) Avalanche (AVAX). The network failure lasted for about 2 hours. A problem occurred where blocks could not be accepted in the “Primary Network” that bundles the three chains in the network. The developer investigated and upgraded the node, and the issue is now resolved.
Flare Network extends token unlock for early investors FLR price rises over 20%
Bullish remarks from Arthur too Flare Network, a data-focused Layer 1 blockchain, announced that it has raised $35 million (5.2 billion yen) in a new private funding round. Flare's earliest investors have reinvested in the long term future of the network in a groundbreaking new agreement. In addition to extending token vesting and capping sales, they will reinvest 50% of any token sales back into Flare ecosystem projects.
Uniswap proposes profit sharing to UNI, token price soars 50%
prices skyrocket The Uniswap Foundation, which manages the finances of EVM-based crypto asset (virtual currency) DEX giant Uniswap, has submitted a proposal to change the governance of the UNI token. The content will be of benefit to UNI holders. Until now, Uniswap fees have not been distributed to UNI token holders, but this may finally change. Following the offer, UNI's price has surged more than 50% and is currently trading at $11.28.
bitFlyer to list 3 virtual currencies
AI related stocks etc. BitFlyer, a major domestic crypto asset (virtual currency) exchange, announced on the 23rd that it will be handling three new stocks. connection: Returning after 4 years, what kind of person is bitFlyer CEO Kano looking for in order to “fight against the world”? The target products are Avalanche (AVAX), The Graph (GRT), and Render Token (RNDR), which will be available for trading at sales offices from February 26th. These stocks are traded on domestic exchanges.
What is Web3? Explaining the benefits of the next-generation decentralized Internet environment
Did you know that the Internet, a tool that is inseparable from our lives, is currently at a major turning point? The transition from the current dependence on platforms provided by specific companies to a decentralized Internet with no administrator is creating all kinds of possibilities. Obtaining knowledge related to Web 3.0 is extremely useful when considering investments such as virtual currencies and when predicting the future world.
Valkyrie: “Approval of Ethereum spot ETF will take 1-2 years”
Point out the differences with Bitcoin ETF Stephen McClurg, chief investment officer (CIO) of U.S. cryptocurrency investment company Valkyrie, said on the 22nd that approval for an Ethereum (ETH) spot exchange-traded fund (ETF) would take one to two years. Ta. Some analysts are predicting approval as early as May this year, but Valkyrie is taking a cautious view. McClurg speculates that an Ethereum spot ETF will not be approved any time soon.
JP Morgan Analyst: “The strong rise in virtual currency prices is due to increased interest from individual investors”
Interest from individual investors soars Analysts at US financial giant JPMorgan said on the 22nd that increased interest from retail investors was likely responsible for the strong rally in cryptocurrency prices in February. He also cited three factors that are driving interest. Additionally, looking at cumulative on-chain Bitcoin (BTC) flows, we see a larger influx from smaller wallets, which suggests retail investor participation.
Startail Lab raises 500 million yen from Samsung and Singaporean bank UOB
Investment from major companies in Singapore and South Korea On the 22nd, Sota Watanabe, CEO of Startale Labs, which handles the Japanese Web3 product Astar Network, announced that he has received an additional seed round from Samsung Next, the investment arm of the Samsung Group, and the investment arm of Singapore's UOB. announced that it had raised 500 million yen.
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