Hi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
On the 22nd (local time), according to Binance News, a global cryptocurrency exchange, the US Securities and Exchange Commission (SEC) has extended the review period for the 21Shares Ethereum (ETH) Spot Exchange-Traded Fund (ETF) staking.
On the 22nd (local time), according to cryptocurrency-specialized media The Block, 14 US Democratic lawmakers, led by Representative Maxine Waters, introduced a new bill aimed at preventing corruption related to cryptocurrencies. This announcement comes just before former President Donald Trump hosts a dinner (Trump Dinner) for top holders of the meme coin 'Official Trump (TRUMP)', drawing attention. The bill includes provisions to prohibit public officials or politicians from holding, trading, or promoting cryptocurrencies that could cause conflicts of interest. Representative Waters emphasized, "We must prevent public authority from being exploited as a means for private gain through cryptocurrencies." Meanwhile, Trump is scheduled to host a dinner for top TRUMP holders this evening.
Bitcoin (BTC) is projected to rise to $112,000 based on technical analysis. On the 22nd (local time), cryptocurrency media outlet Cointelegraph reported that "BTC is laying the groundwork for further gains from its current price level." Analysts have assessed that even after Bitcoin surpasses its previous high, the market is not yet overheated and "buying pressure remains strong rather than profit-taking." Veteran trader Peter Brandt stated, "Bitcoin is completing a 'bull pennant' structure based on technical patterns," and analyzed that "BTC could rise to $112,000 based on this." Additionally, on-chain data indicates that the funding rate in the futures market remains low, which is interpreted as a signal that the market is not overheated. Furthermore, despite some negative economic news such as U.S. unemployment figures, risk assets continue to rise. The media added, "This indicates a period where the market is ignoring negative news, suggesting that investment sentiment towards risk assets is alive." Meanwhile, BTC is trading at $111,413.15, up 1.78% from the previous day, on the Binance Tether (USDT) market as of 01:43 on the 23rd.
Bitcoin (BTC) has reached a new all-time high, and analysis suggests that there is still potential for further gains due to low funding rates and global liquidity expansion. On the 22nd (local time), cryptocurrency-focused media Cointelegraph reported, "BTC's futures funding rate is at one-sixth of the level compared to the first quarter of last year, indicating that it has not yet entered the euphoria stage." Compared to the fourth quarter of last year, the current funding rate is at one-third. Additionally, due to changes in monetary policies of major countries such as the United States, the European Union (EU), and Japan, the global M2 money supply increased by 5% in the first quarter of this year. The correlation coefficient between Bitcoin prices and global M2 is over 80%, which is very high, and historically, Bitcoin has tended to follow this trend approximately 60 days later. The media outlet predicted, "With limited profit-taking, there is a possibility of additional buying pressure in the coming months." Meanwhile, BTC is trading at $111,387.17, up 2.10% from the previous day, based on the Binance Tether (USDT) market as of 01:25 on the 23rd.
On the 22nd (local time), according to cryptocurrency specialist media Cointelegraph, the American automaker DeLorean has launched an on-chain reservation system and a non-fungible token (NFT) marketplace for the release of electric cars. Customers holding the Build Slot NFT collection can have priority in purchasing the upcoming electric car Alpha5 EV. The NFT marketplace is based on Sui (SUI). Previously, it was reported that the decentralized exchange (DEX) Cetus in the SUI ecosystem was hacked. The damage is estimated to exceed $200 million.
JP Morgan, the largest investment bank in the United States, has analyzed that even if the stablecoin legislation (GENIUS, STABLE) is passed in the US, rapid market growth will be limited in the short term. According to The Block, a cryptocurrency media outlet, on the 22nd (local time), JP Morgan analysts stated, "Both the GENIUS and STABLE bills prohibit the payment of interest on stablecoins and focus on their use as a means of payment," and evaluated that "this structure could weaken competitiveness compared to traditional financial products like money market funds, potentially hindering market expansion." They also added, "Algorithm-based or crypto-collateralized stablecoins like DAI could be completely banned if the legislation is passed." On the other hand, income-generating stablecoins such as BlackRock's tokenized treasury product BUIDL and Figure Markets' security yield token YLDS are expected to continue growing with less regulatory impact.
The 'Netflix model' is being integrated into the virtual asset (cryptocurrency) market, drawing attention to a new investment approach. On the 21st (local time), the virtual asset specialized media CoinDesk reported, "Unlike traditional investment methods, a subscription-based content consumption structure, similar to Netflix, is gradually spreading in the digital asset market." This is an analysis that subscription services providing real-time virtual asset research and investment indicators are contributing to the expansion of the investor base. In particular, as customized data platforms targeting institutional investors and financial advisors increase, the transition from a simple transaction-oriented market to 'analysis-based investment' is accelerating. The media related to this stated, "This trend is breaking down the boundaries between traditional asset markets and virtual asset markets, and there is a high possibility that a premium content-based subscription model will establish itself as a new revenue structure across research, indicators, and portfolio management."
On the 23rd, domestic virtual asset (cryptocurrency) exchanges Upbit, Bithumb, and Coinone announced that they would temporarily suspend digital asset deposit and withdrawal services through the Sui (SUI) network due to a security incident at the Sui decentralized exchange (DEX) Cetus. Previously, it was reported that the DEX Cetus in the Sui ecosystem had been hacked. The damage is estimated to exceed $200 million. Meanwhile, Sui is trading at $3.9433, down 0.67% from the previous day, based on the Binance Tether (USDT) market as of 00:23 on the 23rd.
The three major U.S. stock indices are showing mixed trends. The Nasdaq Composite Index is trading at 18,964.32 points, up 0.49% from the previous day as of 00:07 on the 23rd. The Dow Jones Index is down 0.07% at 41,830.38 points, and the S&P 500 Index is down 0.01% at 5,844.04 points.
The three major indices of the US stock market closed with a decline. The Nasdaq Composite Index recorded a 1.41% drop, closing at 18,872.64 points on the 22nd. The Dow Jones Index fell by 1.91% to close at 41,860.01 points, while the S&P 500 Index ended trading with a 1.62% decrease at 5,844.17 points.
According to cryptocurrency specialist media CoinDesk on the 21st (local time), Bitcoin (BTC) miners sold 115% of their April mining output. This is the highest ratio since the latter part of the 2022 bear market. Riot Platforms mined 463 BTC but sold 475 BTC. Meanwhile, Cipher Mining also mined 174 BTC and sold 350 BTC. Meanwhile, BTC is trading at $108,129.74, up 1.51% from the previous day, based on the Binance Tether (USDT) market as of 04:38 on the 22nd.
According to cryptocurrency media outlet CoinDesk on the 21st (local time), the price of Bitcoin (BTC) showed a downward trend due to the surge in US Treasury yields. Bitcoin reached an all-time high of $109,845 at one point but reversed its gains following news of weak demand in the 20-year Treasury auction. On the same day, the Nasdaq index also gave up its gains, falling by 1.5%. In particular, the 30-year Treasury yield soared to 5.07%, marking the highest level in two years. The media outlet explained, "Some investors may have taken profits after the sharp rise in BTC," adding, "Bitcoin has risen nearly 50% from its bottom just five weeks ago." Meanwhile, BTC is trading at $108,129.74, up 1.51% from the previous day, based on the Binance Tether (USDT) market as of 04:38 on the 22nd.
Bitcoin (BTC) has temporarily recovered the $108,000 level. Meanwhile, BTC is trading at $108,129.74, up 1.51% from the previous day, as of 04:38 on the 22nd, based on the Binance Tether (USDT) market.
Eleanor Terrett, host of Crypto in America, reported on the 21st (local time) via X (formerly Twitter) that the US stablecoin regulation bill GENIUS has entered the amendment process in the Senate with 69 votes in favor and 31 against. The GENIUS bill proposes to require stablecoin issuers to obtain a license, maintain 100% reserves, and fulfill disclosure obligations, which could become a benchmark for US stablecoin regulation, drawing attention from the industry.
Bitcoin (BTC) temporarily returned to the $107,000 level. Meanwhile, BTC is trading at $106,891.99, up 0.69% from the previous day as of 03:30 on the 22nd, based on the Binance Tether (USDT) market.
Bitcoin (BTC) has temporarily returned to the $108,000 level. Meanwhile, BTC is trading at $107,525.60, up 1.31% from the previous day, based on the Binance Tether (USDT) market as of 02:28 on the 22nd.
Bitcoin (BTC) breaking its all-time high is analyzed as a result of a perfect alignment of macro conditions, such as easing geopolitical tensions and improved regulatory environment. According to The Block, a cryptocurrency-focused media outlet, on the 21st (local time), Jag Kooner, Head of Derivatives at Bitfinex, stated, "Various macro factors, including ceasefire negotiations between Russia and Ukraine, progress in the U.S. stablecoin legislation, and tariff suspension measures, have positively contributed to creating an almost perfect environment for Bitcoin to break its previous high." He further added, "If Bitcoin can maintain its current price level stably, there is potential for further significant upward movement according to technical indicators. However, the market's volatility remains high, and even a single piece of macroeconomic news could act as a risk factor that reverses the price trend." Meanwhile, BTC is trading at $109,678, up 4% from the previous day, on the Binance Tether (USDT) market as of 01:39 on the 22nd.
Eric Balchunas, a Bloomberg ETF analyst, announced on the 21st (local time) via X (formerly Twitter) that the U.S. fund manager Volatility Shares will launch an XRP futures ETF on the 22nd (local time). The ticker is XRPI.
According to cryptocurrency specialist media CoinDesk on the 21st (local time), Bitcoin (BTC) reached an all-time high, recording a market capitalization of $2.16 trillion. This figure surpasses Amazon's market capitalization of $2.15 trillion. As a result, Bitcoin has overtaken Amazon to rank 5th in global asset market capitalization. This rise is analyzed as a result of a combination of increased institutional investor inflows and improved market sentiment. Meanwhile, BTC is trading at $109,678, up 4% from the previous day, based on the Binance Tether (USDT) market as of 01:39 on the 22nd.
On the global cryptocurrency exchange Binance, Bitcoin (BTC) has surpassed its previous high of $109,845. This rise is analyzed to be due to strong buying pressure in the market, along with renewed interest from institutional and individual investors in Bitcoin. As a result, expectations for further upward potential are growing. Meanwhile, BTC is trading at $109,678, up 4% from the previous day, on the Binance Tether (USDT) market as of 01:39 on the 22nd.
Richard Teng, CEO of Binance, stated on the 21st (local time) via his X (formerly Twitter) that "What seemed impossible in the virtual asset (cryptocurrency) market just a few years ago has now become routine." He added, "This change is a recurring pattern. What was impossible yesterday is accepted as a given today." He further emphasized, "Many in the past claimed that Bitcoin (BTC) would not rise above a certain price, but looking at the charts over the past five years, their predictions have repeatedly been proven wrong." Meanwhile, BTC is trading at $109,000.01 as of 00:21 on the 22nd, up 4.11% from the previous day on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily recovered to the $109,000 level. Meanwhile, BTC is trading at $109,098.24, up 4.29% from the previous day, as of 00:04 on the 22nd, based on the Binance Tether (USDT) market.
The three major indices of the US stock market are showing a downward trend. The Nasdaq Composite Index is trading at 19,118.01 points, down 0.13% from the previous day as of 00:00 on the 22nd. The Dow Jones Index is down 0.98% at 42,258.14 points, and the S&P 500 Index is down 0.51% at 5,909.40 points.
Ethereum (ETH) has shown a bullish signal on technical analysis indicators, with projections suggesting it could rise up to $3600. On the 20th (local time), cryptocurrency specialist media Cointelegraph reported, "A 'Bull Flag' pattern is forming on Ethereum's daily chart," and "ETH is currently moving within the range of $2400 to $2750." The media explained, "This is interpreted as a typical continuation pattern after Ethereum surged from $1900 to $2730, entering a flag-shaped correction phase," and analyzed, "If it breaks above $2600, there could be room for a rise up to $3600." However, it added, "In the short term, the $3000 to $3100 range could act as a major resistance level." Meanwhile, ETH is trading at $2493.35, down 0.92% from the previous day, as of 5:07 on the 21st, based on the Binance Tether (USDT) market.
The three major U.S. stock indices closed lower. The Nasdaq Composite Index recorded 19,143.92 points, down 0.37% from the previous day on the 21st. The Dow Jones Index fell 0.28% to 42,670.41 points, and the S&P 500 Index closed at 5,938.96 points, down 0.41%.
Bitcoin (BTC) temporarily recovered to the $107,000 level. Meanwhile, BTC is trading at $107,095.24, up 1.50% from the previous day, as of 04:58 on the 21st, based on the Binance Tether (USDT) market.
Eric Adams, the Mayor of New York City, has announced the launch of a virtual asset (cryptocurrency) advisory board to foster the blockchain industry and create jobs. According to the virtual asset specialized media CoinDesk on the 20th (local time), Mayor Adams stated, "New York City is open for business. The advisory board will include industry figures, and the chairperson will be announced in the coming weeks."
According to the virtual asset (cryptocurrency) analysis platform Unfolded on the 20th (local time), Ethereum (ETH)'s Total Value Locked (TVL) market share has fallen to 50.88%, marking the lowest level since 2022. Meanwhile, ETH is trading at $2498.20 on the Binance Tether (USDT) market as of 4:53 on the 21st, down 0.91% from the previous day.
Pavel Durov, the founder of Telegram, claimed that he received a request from the French Directorate-General for External Security (DGSE) to block accounts of Romanian conservative figures. According to Decrypt, a cryptocurrency-focused media outlet, on the 20th (local time), Durov stated on his X (formerly Twitter) that "they met with me under the pretext of combating terrorism and child pornography, but there was no mention of child pornography, and the main focus was on geopolitical issues concerning Romania, Moldova, Ukraine, etc." He also claimed that the DGSE requested IP logs of users related to political conversations. Meanwhile, the French Ministry for Europe and Foreign Affairs reportedly denied Durov's claims as "groundless."
Global private equity firm Apollo is set to launch its tokenized private fund, ACRED, within the Solana (SOL) DeFi ecosystem. According to cryptocurrency-focused media outlet CoinDesk on the 20th (local time), Apollo plans to develop ACRED as the first token on the Solana network that can be used for on-chain lending and leverage. This project is led by the DeFi protocol Kamino Finance (KMNO), with participation from DeFi risk advisory firm Stakehouse Financial. Meanwhile, ACRED was issued based on the token issuance framework of Securitize, a platform for real asset tokenization and security token offerings (STO), last January.