Macroeconomics and financial markets
In the US NY stock market on the 17th of the previous weekend, the Dow Jones Industrial Average was 76 dollars (0.22%) higher than the previous day, and the Nasdaq Index was 131 points (0.93%) higher.
connection:Stock investment recommended for cryptocurrency investors, representative cryptocurrency stocks of Japan and the United States “10 selections”
Virtual currency market
In the crypto asset (virtual currency) market, the Bitcoin price is 0.55% lower than the previous day at 1 BTC = $ 30,148.
BTC/USD daily
With the US Federal Open Market Committee (FOMC) coming up, is it becoming a wait-and-see trend? As long as the Bitcoin ETF (exchange-traded fund) is not approved, we cannot deny the impression that it will lack a decisive blow to break the major resistance line (upper resistance line) of about $32,000.
According to The Block’s data dashboard, the number of unique addresses on the Bitcoin network has reached a year-to-date high, confirming its activity. The weekly average of newly created wallet addresses surpassed 499,000 on April 8 and reached 500,000, the highest level since May 2021.
The block
connection:The next few days will be an important phase where you can’t take your eyes off the Bitcoin market｜bitbank analyst contribution
Regulatory response
SEC Chairman Gensler made his first public comment on the district court’s ruling in the XRP case at an event hosted by the National Press Club in Washington, D.C., on Wednesday, expressing his regret.
In December 2020, the SEC filed a securities lawsuit against Ripple for selling “unregistered securities.” In response, after two and a half years of negotiations, a US district court ruled in summary judgment that the retail sale of XRP does not constitute securities (does not constitute an investment contract). granted a partial victory.
connection:“The virtual currency XRP itself is not a security,” US district court rules
However, it also acknowledges that XRP is a security when sold directly to institutional investors under specific written agreements.
connection:What is an exchange traded trust “Bitcoin ETF” | Why the application of BlackRock attracts attention
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Major cryptocurrency exchange Binance is considering laying off up to a third of its workforce after being sued by the U.S. Securities and Exchange Commission (SEC), some analysts say. He said the Wall Street Journal report raised concerns about its financial health.
Employee benefits will also be reduced starting June 19, citing lower operating margins as a result of the current market and regulatory environment.
For Binance’s native token BNB, open interest (OI) in perpetual futures contracts has hit a record high.
With the Funding Rate (Funding Rate) significantly negative, some voiced concerns about bad news surrounding the US Department of Justice (DOJ).
Hmmm, some interesting flow in $BNB futures:
– Perpetual futures open interest is seeing new highs as funding rates have gone deeply negative (-200% APR for next funding period) (Chart #1) – looks as if someone is getting ahead of some bad news flow.
– The last time BNB… pic.twitter.com/1B27OkjvPx
— Dylan LeClair
(@DylanLeClair_) July 17, 2023
Binance is under investigation by the U.S. Department of Justice (DOJ) for alleged anti-money laundering (AML) violations and Russian sanctions violations, Bloomberg reported in May.
However, Udi Wertheimer pointed out that this is due to the token sale of Binance IEO Launchpad Arkham (ARKM), which may be resolved after the BNB is unlocked. Since the number of tokens that can be purchased during the token sale depends on the average BNB holdings during the event, large BNB holders are hedging price fluctuations by shorting perpetual futures contracts, he said.
connection:Binance IEO Arkham to Launch Electronic Marketplace for On-Chain Data
Click here for a list of market reports published in the past
[Recruitment]Recruitment of new personnel due to Web3 business expansion
Japan’s largest cryptocurrency media CoinPost is looking for full-time employees and interns as it expands its Web3 business.
1. Media Business (Editorial Department)
2. Marketing operations
3. Conference management and launch work
4. Open Position (students welcome)Details https://t.co/UsJp3v8mSH pic.twitter.com/B98JZmoQbW
— CoinPost-virtual currency information site-[app delivery](@coin_post) February 14, 2023
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