Son Min

sonmin@bloomingbit.io

Hello I’m Son Min, a journalist at BloomingBit

All Articles 3,202

MELANIA
Melania Foundation Continues to Sell, Leading to Over 7% Drop
The Melania Foundation, associated with U.S. President Donald Trump, continues to sell off its holdings of the First Lady meme coin, Melania (MELANIA). The price of Melania is also on a downward trend. On the 28th (local time), Lookonchain announced on X (formerly Twitter) that "The Melania Foundation sold 2.01 million MELANIA (approximately $940,000) through a split sale today," and "Two days ago, they sold 1.18 million MELANIA (approximately $630,000) in the same manner." Meanwhile, the Melania Foundation is facing criticism from investors due to its ongoing sales. Over the past month alone, the foundation has sold a staggering 23.45 million MELANIA (approximately $14.74 million). Consequently, Melania has also dropped about 27% over the past month. As news of the foundation's sales spread, the price continued to decline today. As of 4:02 PM, according to CoinMarketCap, Melania is trading at $0.4544, down 6.95% from 24 hours ago.
April 28General
BTC
"Significant Increase in Institutions Holding Large Amounts of Bitcoin Since January"
Since January, there has been a significant increase in new institutional investors holding more than 1,000 Bitcoins (BTC). On the 28th (local time), virtual asset analyst Ali Martinez stated on X (formerly Twitter), "Since January, about 100 new institutional investors holding more than 1,000 Bitcoins have increased." It is interpreted that the accumulation of Bitcoin by institutional investors is accelerating. As of 3:35 PM, Bitcoin is trading at $94,383 on the Binance USDT market, up 0.43% from 24 hours ago.
April 28General
TRUMP
MELANIA
WLFI
From Coin Game Launch to White House Dinner…'Trump's Virtual Asset Risk' Grows
Trump, who calls himself the 'Virtual Asset President' Industry concerns grow over business attitude Is credibility declining and regulatory risk increasing? Donald Trump, the U.S. President who calls himself the president of virtual assets (cryptocurrency), is actively pursuing businesses related to virtual assets such as blockchain games, raising concerns that Trump's actions will eventually pose a risk to the industry. On the 15th, Fortune reported, "U.S. President Trump is scheduled to launch a virtual asset game similar to the famous real estate trading game 'Monopoly' at the end of April." President Donald Trump's virtual asset business is expanding into the blockchain game sector following the launch of non-fungible tokens (NFTs) and meme coins. The Trump family's virtual asset finance and mining businesses are also expanding in scale. Starting with the decentralized finance (DeFi) project World Liberty Financial (WLFI), active business promotion is underway, including the launch of a dollar-based stablecoin and the establishment of a Bitcoin (BTC) mining company. Trump's business expansion is positive in that it can attract public interest in the industry. While it raises expectations that virtual assets could emerge as a global core industry, there are also forecasts that it could lower the industry's credibility and adversely affect regulatory easing. If Trump uses his position to raise virtual asset prices and pursue private interests, a 'conflict of interest' could arise. Previously, the official meme coin Melania (MELANIA) foundation of Trump's official first lady was found to have continuously sold tokens and made profits. The same goes for the dinner for top holders of Official Trump (TRUMP) announced on the 23rd (local time). The New York Times pointed out, "This is tantamount to offering access to the White House in exchange for virtual asset investments. Considering the share ratio and price increase, Trump is seeing huge profits on the books." Hwang Hyo-jun, an analyst at Xangle, said, "The act of Trump, a policy maker and market participant, using his position to gain profits can undermine the overall trust in the virtual asset industry," adding, "There is also a possibility that the Web3 industry and virtual assets could be mistaken as mere speculative tools." If President Trump continues to repeat acts of pursuing personal interests while advocating for the growth of the virtual asset industry, people will inevitably question virtual assets and related policies. There is also a view that the continuously raised legal and political risks will prompt authorities to strengthen regulations. Earlier this year, Democratic lawmakers, including Senator Elizabeth Warren, and political groups in the U.S. called for a legal investigation into President Trump's meme coin issuance and other virtual asset businesses. Jin Hyun-soo, a lawyer at Decent, said, "If Trump was substantially involved in the business or pursued financial gains, legal issues could arise. Lawsuits or investigations by the U.S. Securities and Exchange Commission (SEC) are also possible. If Trump's virtual asset business encounters legal issues, it could become a major factor in strengthening future virtual asset regulations." U.S. investment bank TD Cowen said in a report, "Trump's actions could bring about a political backlash that could nullify all positive changes to virtual assets. It could be a major obstacle to related legislation and regulatory reform."
April 25PiCK
Delays in Token Securities Legislation Cause Industry Difficulties... Min Byung-deok "Will Push for Legislation"
Min Byung-deok, Member of the Democratic Party of Korea Token Securities (STO) Legislation Seminar Held Industry "Facing Business Difficulties Due to Delayed Legislation" Min Byung-deok "Will Push Forward Quickly" Amid delays in the legislation of Token Securities (STO), experts from the virtual asset (cryptocurrency) industry, politics, and academia gathered to discuss the promotion of the bill. On the 25th, a seminar was held at the 3rd Seminar Room of the National Assembly Members' Office Building in Yeouido, Seoul, under the theme 'What is the Problem with Token Securities Legislation?' Co-hosted by Representative Min Byung-deok, the seminar was held to gather voices from the token securities industry and obtain policy advice. Before the event, Representative Min expressed his determination in his opening speech, stating, "The token securities bill is an essential bill that needs to be processed more urgently than the Digital Asset Basic Act," and "Through this seminar, we will listen to voices from the field and build a more effective foundation for the token securities industry." Industry "Urgent Need for Legislation and System Improvement" Industry officials participating in the seminar unanimously expressed their difficulties due to the delay in discussions on token securities legislation and appealed for the need to refine the bill. Jo Chan-sik, CEO of Pumbl, said, "We have been continuing our business since being designated as an innovative financial service provider in 2019. However, as the token securities legislation continues to be delayed, related companies are seeing cumulative losses ranging from billions to hundreds of billions," and "We need to achieve industrial development through prompt legislative refinement." Ryu Chang-bo, team leader at NH Nonghyup Bank, said, "In 2022, we signed a Memorandum of Understanding (MOU) with an art piece investment company and currently provide separate custody services for investment funds to nine investment contract securities operators. Despite launching a mainnet with faith in the token securities institutionalization, we are still facing business difficulties due to the lack of related regulations," he said. He also pointed out the limitations of the current token securities bill. He said, "The current token securities bill is a domestic bill. It is difficult to attract funds from foreign investors who want to invest domestically," and "Given the delay in the bill's enactment, it is also worth considering a bill that can utilize the global financial market." Advice on the method of amending the bill was also given. Park Hyo-jin, CEO of Sejong DX, explained, "Our country is centered on statutory law. We are using a method of creating new bills by partially amending existing laws," and "Such a method of legislation may confine the innovation of blockchain within existing financial regulations." He added, "For token securities-related bills, it is appropriate to either create entirely new legislation like Germany and Switzerland or consider a 'sandbox' system of 'business first, then institutional establishment' like the United States," and "In such cases, the value of token securities can be more highlighted." Min Byung-deok "Speed is of the Essence for Token Securities Legislation... Will Push Forward" Representative Min Byung-deok emphasized that he would quickly push for the legislation of token securities to resolve industry difficulties. Representative Min said, "Currently, the Financial Services Commission and the National Assembly's Political Affairs Committee do not recognize the urgency of token securities legislation," and "Those involved in related businesses in reality are in a very urgent situation. Urgent laws can be enacted within a week," he said. He continued, "I will push for the rapid enactment of the token securities bill by gathering opinions from the industry." He also emphasized the need for industry voices for the rapid introduction of the system. Representative Min said, "The industry does not have the authority to make laws, and lawmakers with legislative authority are not well-versed in technology, delaying legislation," and "If the industry expresses more opinions through participation in meetings, it will greatly help in persuasion," he said.
April 25PiCK
Min Byung-deok: "STO Legislation Essential... Speed is Key"
The establishment of a legal framework for Security Token Offerings (STO) is not optional but essential, according to recent claims. The emphasis is particularly on the speed of implementation. On the 25th (local time), Min Byung-deok, a member of the Democratic Party of Korea, stated at the 'What is the Problem with Token Securities Legislation?' seminar held at the 3rd Seminar Room of the National Assembly Members' Office Building in Yeouido, Seoul, that "establishing a legal framework for STO is not optional but essential," and "the virtual asset sector must be quickly preempted." He particularly emphasized the importance of legislative speed. Min stated, "The law that needs to be processed more urgently than the Basic Law on Digital Assets is the Token Securities Bill," and "if problems arise later, they should be addressed as they come." Given the nature of virtual assets, where new phenomena and technologies emerge daily, considering all concerns during the legislative process could only lead to a lag in global competitiveness. He also expressed his expectations for the seminar. He said, "Through this seminar, I hope to hear voices from the field and analyze domestic and Japanese laws to establish a more effective token securities foundation."
April 25General
TRUMP
OfficialTrump(TRUMP) Surges 50% on Binance
Official meme coin of President Donald Trump, OfficialTrump(TRUMP), has surged. As of 1:28 PM, TRUMP is trading at $13.50 on the Binance USDT market, up 51.69% from 24 hours ago. It is interpreted that the news that the top 220 TRUMP token holders can participate in a dinner with President Trump has attracted investor sentiment.
April 23General
TRUMP
"Trump to Host Dinner with Top OfficialTrump (TRUMP) Holders"
It has been revealed that U.S. President Donald Trump plans to host a dinner inviting holders of his official meme coin, OfficialTrump (TRUMP). According to WuBlockchain on the 24th (local time), Trump will invite the top 220 TRUMP token holders to a dinner on May 22nd (local time). Additionally, the top 25 rankers will be invited to a private meeting with President Trump before the dinner. A VIP White House tour will also be arranged for them. According to the website, the criteria for selecting the top 220 holders is the average amount of TRUMP held from the 23rd (local time) to May 12th (local time). The longer and more TRUMP you hold, the higher your rank. The ranking of the top 220 is updated in real-time every hour. The TRUMP coin also surged on this news. It is interpreted that the buying pressure for TRUMP has increased to participate in the dinner with Trump. As of 1:13 AM, TRUMP is trading at $11.41, up 28.35% from 24 hours ago, based on the Binance USDT market.
April 23PiCK
"SEC Chairman to Speak at Virtual Asset Roundtable"
Paul Atkins, a commissioner of the U.S. Securities and Exchange Commission (SEC), is set to speak at a virtual asset (cryptocurrency) roundtable. On the 23rd (local time), the SEC announced via its official X (formerly Twitter) that "Paul Atkins, SEC Chairman, is scheduled to speak at the virtual asset roundtable on the 25th (local time)." Paul Atkins, a well-known pro-virtual asset figure, officially took office on the 22nd (local time). Previously, the SEC announced that it would hold four roundtables by June to discuss virtual asset regulations.
April 23General
US Treasury Secretary: 'Opportunity for a Big Deal between US and China'
Scott Besant, the US Treasury Secretary, mentioned that there is an opportunity for a major deal between the United States and China. On the 23rd (local time), according to Walter Bloomberg, Secretary Besant stated, "President Trump's move to reorganize the trade system is the beginning of a strategic approach to China," and "The United States and China have an opportunity for a Big Deal." He added, "If China seriously engages in rebalancing its economic structure, the United States will also engage seriously."
April 23PiCK
SOL
Sol Strategy Raises $500 Million to Purchase More Solana
The Canadian-listed company Sol Strategy has reportedly entered into a $500 million convertible bond agreement to purchase additional Solana (SOL). On the 23rd (local time), Sol Strategy announced on its official website, "We have entered into a $500 million convertible bond agreement with ATW Partners," adding, "The funds secured will be used exclusively to purchase additional Solana." It further stated, "The acquired assets will be staked, and the profits will be shared between both parties." Meanwhile, Sol Strategy currently holds 267,151 SOL.
April 23General
US April Service PMI Preliminary at 51.4…Below Market Expectations
The preliminary figure for the US April Service Purchasing Managers' Index (PMI) fell short of market expectations. According to the PMI report released by S&P Global on the 23rd (local time), the preliminary figure for the US April Service Purchasing Managers' Index was 51.4, below the market expectation of 52.8. The announced service PMI index is lower than last month's final figure (54.4), indicating a contraction in the US service industry. Chris Williamson, Chief Economist at S&P, stated, "The service sector, particularly export-related demand such as travel and tourism, has slowed down," and "The positive outlook of companies on the service business environment over the next year has significantly deteriorated." PMI uses 50 as a baseline to gauge whether the service industry is expanding or contracting. The preliminary PMI is released before the final PMI at the end of the month and is used as an indicator to quickly assess the economic situation.
April 23PiCK
US April Manufacturing PMI Preliminary at 50.7…Exceeds Market Expectations
The United States' April Manufacturing Purchasing Managers' Index (PMI) exceeded expectations. On the 23rd (local time), S&P Global announced that the preliminary manufacturing PMI was 50.7, surpassing Wall Street's expectation of 49. The S&P Global report stated, "The manufacturing PMI has exceeded 50 for four consecutive months, but the improvement in business conditions has been minimal for two consecutive months," and "New orders increased slightly due to domestic demand, but export orders decreased significantly due to tariff impacts." Chris Williamson, Chief Economist at S&P Global, said, "Manufacturing is generally stagnant, and some positive effects of tariffs are being offset by economic uncertainty, supply chain concerns, and declining exports," adding, "Concerns about U.S. government policy announcements are growing, leading companies to have a negative outlook for the future." The Purchasing Managers' Index (PMI) uses 50 as the baseline to gauge expansion or contraction of business conditions. A PMI above 50 indicates economic expansion, while below 50 indicates contraction. The preliminary PMI is released before the final PMI at the end of the month and is used as an indicator to quickly assess economic conditions.
April 23PiCK
Trump Considering Cutting China Tariffs by More Than 50%
It has been revealed that U.S. President Donald Trump is considering lowering tariffs on China to ease the trade war atmosphere. According to Walter Bloomberg on the 23rd (local time), a well-informed source said, "The Trump administration is considering reducing tariffs on China to ease the trade war," and "is reviewing a plan to cut tariffs on Chinese imports by more than 50%." However, no final decision has been made yet, and various options are still under discussion.
April 23PiCK
"At least 15 virtual asset and fintech companies have applied for a 'bank charter' with the US Office of the Comptroller of the Currency"
At least 15 virtual asset (cryptocurrency) and fintech companies have applied for a bank charter with the US Office of the Comptroller of the Currency (OCC). According to Crypto in America on the 23rd (local time), at least 15 virtual asset (cryptocurrency) and fintech companies have applied for a bank charter with the US Office of the Comptroller of the Currency. In particular, companies like Circle and BitGo have applied for the charter to integrate with the existing financial system, while some are reportedly pursuing the charter to gain easier access to the Federal Reserve's (Fed) master account. A master account is a central bank account issued by the Fed, and if the application is approved, virtual asset companies will be able to use the Fed's payment system without traditional bank involvement. So far, no virtual asset company has obtained a master account. The media stated, "The Trump administration's favorable stance towards virtual assets has led to a surge in bank charter applications by virtual asset companies," and evaluated that "the US Office of the Comptroller of the Currency is likely to respond positively." However, the Fed's negative response is still pointed out as an obstacle to the issuance of master accounts. The media added, "The Fed has raised concerns about systemic risk and regulatory discrimination, and has excluded virtual asset companies that have already received a bank charter from the Office of the Comptroller of the Currency from being eligible for a master account," and "Existing financial institutions also hold a negative stance on new trust companies accessing master accounts."
April 23General
BTC
"Bitcoin Buying Surge This Month... RSI Exceeds 50"
In April, the buying pressure of new investors in Bitcoin (BTC) has increased. On the 23rd (local time), Glassnode announced on X (formerly Twitter) that "the buying activity of new investors in Bitcoin has significantly increased this month," and "the Relative Strength Index (RSI) has exceeded 50 throughout April." It continued, "Last week, it recorded a peak of 100 and is currently maintaining a level of 80," adding, "Fear of Missing Out (FOMO) on Bitcoin's rise is causing new funds to flow in." As of 9:29 PM, Bitcoin is trading at $93,703 on the Binance USDT market, up 5.53% from 24 hours ago.
April 23General
BTC
"Bitcoin Spot ETF Inflows Show Strong Momentum"
There is an evaluation that the inflow trend of Bitcoin (BTC) spot Exchange Traded Funds (ETFs) is showing strong momentum. On the 23rd (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "The spot Bitcoin ETF has entered 'Pac-Man mode'," adding, "There was a net inflow of $936 million the previous day, bringing the cumulative inflow for this week to $1.2 billion." He further evaluated, "The fact that funds were evenly distributed among 10 out of 11 ETFs is a positive signal," and "The price of Bitcoin is also exceeding $93,500, showing strong momentum." Meanwhile, 'Pac-Man mode' is a metaphorical expression meaning a state of absorbing or purchasing something in large quantities.
April 23General
BTC
Ju Ki-young: "If Bitcoin Reaches $100,000, My Prediction Was Wrong"
Ju Ki-young, CEO of CryptoQuant, stated that if Bitcoin (BTC) surpasses $100,000, he would acknowledge that his previous statement about the end of the bull market was a misjudgment. On the 23rd (local time), CEO Ju stated on X (formerly Twitter), "After I said the Bitcoin bull cycle was over, Bitcoin fell 10%. It then rose 10% again," adding, "If Bitcoin surpasses $100,000, I will gladly admit that my forecast was wrong." He said, "Until then, we will go through a process of confirming whether the current rise is a trend reversal or a temporary increase," adding, "In a market where events like Trump's words drive reactions, it is difficult to predict prices with on-chain indicators." He continued, "If Bitcoin hits a new all-time high (ATH) before the fourth quarter, I will boldly abandon the cycle theory," adding, "Unlike the past, a market without a clear cycle can develop in a completely different manner. In such a case, those who have consistently argued for Bitcoin's continuous rise would be proven right." Previously, on the 6th, CEO Ju Ki-young claimed, "The Bitcoin bull market is over," and "The possibility of a short-term rebound seems low."
April 23PiCK
BTC
"Bitcoin Faces Major Resistance at $97,000"
Bitcoin (BTC) needs to break through the $97,000 resistance level to reach $100,000, according to an analysis. On the 23rd (local time), Glassnode stated on X (formerly Twitter) that "Bitcoin needs to surpass the $97,000 resistance level to break through $100,000," adding that "approximately 392,000 BTC were purchased at that price level." Ali Martinez, a virtual asset analyst, also presented a similar analysis. He mentioned on X that "Bitcoin is trading near the average purchase price for this year (around $94,000)," and "the average cost of short-term Bitcoin holders could turn into a strong resistance level." As of 7:26 PM, Bitcoin is trading at $93,599 on the Binance USDT market, up 5.93% from 24 hours ago.
April 23General
"Domestic Commercial Banks to Issue KRW Stablecoin"
It has been revealed that major commercial banks such as KB Kookmin Bank and Shinhan Bank plan to jointly issue a KRW-based stablecoin. This is the first time a domestic financial company has taken steps to issue a stablecoin. According to the industry on the 23rd (local time), the Open Blockchain & DID Association announced that it would establish a stablecoin division and form a consortium for issuing a KRW stablecoin. This consortium includes KB Kookmin Bank, Shinhan, Woori, NH Nonghyup, IBK Industrial Bank, Sh Suhyup Bank, and the Korea Financial Telecommunications & Clearings Institute. The consortium plans to first discuss the specific method of coin issuance by referring to overseas cases such as the United States and Japan. It is explained that once domestic stablecoin regulations are established, they will begin the full-scale issuance process.
April 23PiCK
BTC
17,000 Bitcoins Withdrawn from Exchanges Last Week..."Indicating Supply Decrease"
It was found that over 17,000 Bitcoins (BTC) were withdrawn from exchanges last week. On the 23rd (local time), cryptocurrency analyst Ali Martinez stated on X that "over 17,000 BTC were withdrawn from exchanges last week." Typically, when Bitcoin is withdrawn externally, the supply of Bitcoin within exchanges decreases, which is interpreted as a positive signal for price increase. As of 6:13 PM, Bitcoin is trading at $94,374 on the Binance USDT market, up 6.82% from 24 hours ago.
April 23General
"Bitcoin Open Interest Hits Monthly High"
Bitcoin (BTC) perpetual futures open interest (OI) has hit a monthly high. On the 23rd (local time), virtual asset analyst Ali Martinez stated on X (formerly Twitter) that "Bitcoin open interest has surpassed $34 billion, setting a new monthly high," and noted that "Bitcoin leverage fund inflows are increasing." As of 6:02 PM, Bitcoin is trading at $94,345 on the Binance USDT market, up 6.63% from 24 hours ago.
April 23General
BTC
Bitcoin Surpasses $94,000
Bitcoin (BTC) is showing an upward trend. As of 4:59 PM (local time) on the 23rd, Bitcoin is trading at $94,045 on the Binance USDT market, up 6.28% from 24 hours ago. Concerns about the independence of the Federal Reserve (Fed) have been partially alleviated, leading to a recovery in Bitcoin sentiment. Previously, President Trump promised to guarantee the term of Fed Chairman Powell, saying he had no intention of firing him, after the financial markets were shaken by rumors of Powell's dismissal.
April 23PiCK
BTC
"Bitcoin Exceeds Short-Term Holder Purchase Price"
The price of Bitcoin (BTC) has surpassed the purchase price of short-term holders. On the 23rd (local time), Glassnode announced on X (formerly Twitter) that "Bitcoin has exceeded the purchase price of short-term holders ($93,000)," adding that "this price level could act as a support for further Bitcoin increases." They further indicated that "the current market sentiment for Bitcoin is showing signs of recovery," suggesting that positive price movements may occur in the future. As of 4:57 PM, Bitcoin is trading at $93,887 on the Binance USDT market, up 6.17% from 24 hours ago.
April 23General
ETH
"Ethereum to Reach $2,000 if It Breaks Through $1,860"
There is a claim that Ethereum (ETH) could rise to $2,000 if it breaks through the $1,860 resistance line. On the 23rd (local time), IntoTheBlock stated on X, "The majority of recent Ethereum buying volume is concentrated at the $1,860 level," and "If it breaks through this resistance line, it could reach the next resistance level of $2,000." As of 4:46 PM, Ethereum is trading at $1,782 on the Binance USDT market, up 10.33% from 24 hours ago.
April 23General
BTC
"Bitcoin Reaches 5th in Global Asset Rankings"
Bitcoin (BTC) surpassed $93,000, reaching 5th place in global asset market capitalization. According to InfiniteMarketCap (8marketcap) on the 23rd (local time), Bitcoin reached a market capitalization of $1.86 trillion (approximately 2,649 trillion KRW), ranking 5th in global asset market capitalization. As of 3:50 PM, Bitcoin is trading at $93,635 on the Binance USDT market, up 6.27% from 24 hours ago.
April 23PiCK
HIFI
Hifi Finance, Over 30% Kimchi Premium on Upbit…"Investor Caution Advised"
The Kimchi Premium of Hifi Finance (HIFI), which is facing delisting on Upbit, has exceeded 30%, prompting caution among investors. As of 3:31 PM on the 22nd (local time), Hifi Finance is trading at 356.5 KRW on Upbit, down 1.27% from the previous day. During the same period, the global price of Hifi Finance on CoinMarketCap is 268 KRW. This shows a price difference of over 30%. This is interpreted as the 'delisting beam' phenomenon, where prices surge ahead of delisting. Hifi Finance is set to be delisted on May 12. Therefore, caution is advised for investing in this asset. Investing in assets with significant price differences from global prices or phenomena like the 'delisting beam' could lead to substantial losses.
April 23General
BTC
[Analysis] "Bitcoin has regained its upward trend"
An analysis has emerged that Bitcoin (BTC) has regained its upward trend. On the 23rd (local time), 10X Research stated in a report, "Bitcoin has escaped the bearish trend and regained its upward trend," adding, "There is a possibility of breaking through the major resistance zone ($95,000) depending on the macro environment and market sentiment." Furthermore, it stated, "$95,000 is a zone with a large number of short positions, and if this point is breached, a price surge may begin," adding, "There is also a very high possibility that Bitcoin will retest $100,000 in the future." Additionally, the report mentioned the inflow of Bitcoin funds. It stated, "The inflow into Bitcoin spot ETFs has increased to $146.3 billion since January," adding, "The sharp increase in Bitcoin futures open interest from $22 billion to $29 billion also supports the upward trend." It further noted, "Although the inflow of stablecoins remains low, it has shown a gradual increase. It is a very optimistic situation." As of 3:18 PM, Bitcoin is trading at $92,674 on the Binance USDT market, up 6.22% from 24 hours ago.
April 23PiCK
BTC
Standard Chartered "Concerns over Fed's independence could drive Bitcoin to all-time high"
There is an analysis that if concerns about the independence of the Federal Reserve (Fed) continue, Bitcoin (BTC) could reach an all-time high. On the 22nd (local time), according to Walter Bloomberg, Standard Chartered stated in a report that "Bitcoin is a means to hedge against the risks of the existing financial system." It continued, "After U.S. President Donald Trump suggested the dismissal of Fed Chair Jerome Powell, the trust in U.S. Treasury bonds declined, and Bitcoin is rising," adding, "The sharp rise in the yield premium of short-term Treasury bonds compared to long-term Treasury bonds is also favorable for Bitcoin." As of 12:05 PM, Bitcoin is trading at $91,222 on the Binance USDT market, up 3.42% from 24 hours ago. Meanwhile, Standard Chartered has previously predicted that Bitcoin will reach $200,000 by the end of 2025.
April 22PiCK
BTC
"Bitcoin Reclaims 8th Place in Global Asset Rankings"
Bitcoin (BTC) surpassed $90,000, reclaiming the 8th position in global asset market capitalization. On the 22nd (local time), according to InfiniteMarketCap (8marketcap), Bitcoin reached a market capitalization of $1.795 trillion (approximately 2,558 trillion KRW), reclaiming the 8th position in global asset market cap rankings. As of 11:41 PM, Bitcoin is trading at $90,607 on the Binance USDT market, up 2.76% from 24 hours ago.
April 22General
BTC
Bernstein: "Bitcoin Likely to Rise in the Long Term"
Bernstein has analyzed that Bitcoin (BTC) is likely to rise in the long term due to five structural reasons. According to Investing.com on the 22nd (local time), Bernstein stated in a report, "Bitcoin holds the status of 'digital gold.' It will become an asset that attracts more attention amid global economic uncertainty," forecasting a significant long-term rise. Furthermore, they presented five catalysts supporting Bitcoin's rise. These are △continuous institutional demand △U.S. government's strategic Bitcoin reserve △expansion of virtual asset business in mainstream finance △stablecoin regulatory legislation △investment in virtual asset infrastructure by asset managers. In particular, they predicted that institutional investors and the U.S. government's Bitcoin buying trend will continue. The report explained, "About 80 global companies, including Strategy, have adopted Bitcoin as a financial asset," adding, "Moreover, the decrease in Bitcoin spot ETF outflows in April also suggests a movement of institutional Bitcoin repurchases." Additionally, they mentioned the possibility of the U.S. government directly purchasing Bitcoin from the market for reserves.
April 22General

Melania Foundation Continues to Sell, Leading to Over 7% Drop

"Significant Increase in Institutions Holding Large Amounts of Bitcoin Since January"

From Coin Game Launch to White House Dinner…'Trump's Virtual Asset Risk' Grows

Delays in Token Securities Legislation Cause Industry Difficulties... Min Byung-deok "Will Push for Legislation"

Min Byung-deok: "STO Legislation Essential... Speed is Key"

OfficialTrump(TRUMP) Surges 50% on Binance

"Trump to Host Dinner with Top OfficialTrump (TRUMP) Holders"

"SEC Chairman to Speak at Virtual Asset Roundtable"

US Treasury Secretary: 'Opportunity for a Big Deal between US and China'

Sol Strategy Raises $500 Million to Purchase More Solana

US April Service PMI Preliminary at 51.4…Below Market Expectations

US April Manufacturing PMI Preliminary at 50.7…Exceeds Market Expectations

Trump Considering Cutting China Tariffs by More Than 50%

"At least 15 virtual asset and fintech companies have applied for a 'bank charter' with the US Office of the Comptroller of the Currency"

"Bitcoin Buying Surge This Month... RSI Exceeds 50"

"Bitcoin Spot ETF Inflows Show Strong Momentum"

Ju Ki-young: "If Bitcoin Reaches $100,000, My Prediction Was Wrong"

"Bitcoin Faces Major Resistance at $97,000"

"Domestic Commercial Banks to Issue KRW Stablecoin"

17,000 Bitcoins Withdrawn from Exchanges Last Week..."Indicating Supply Decrease"

"Bitcoin Open Interest Hits Monthly High"

Bitcoin Surpasses $94,000

"Bitcoin Exceeds Short-Term Holder Purchase Price"

"Ethereum to Reach $2,000 if It Breaks Through $1,860"

"Bitcoin Reaches 5th in Global Asset Rankings"

Hifi Finance, Over 30% Kimchi Premium on Upbit…"Investor Caution Advised"

[Analysis] "Bitcoin has regained its upward trend"

Standard Chartered "Concerns over Fed's independence could drive Bitcoin to all-time high"

"Bitcoin Reclaims 8th Place in Global Asset Rankings"

Bernstein: "Bitcoin Likely to Rise in the Long Term"