[Weekly Blockchain] Major Blockchain News in the 4th Week of June 2024
Hello, this is the LEDGIS Team.
Hello everyone, are you taking good care of your health as the heatwave has officially begun? Starting this weekend, the rainy season is expected. Heavy rain and strong winds are forecasted, so please be careful to avoid any damage.
let’s find out what’s been happening in the blockchain market this week through [Weekly Blockchain]!
You can find detailed information on each news item by referring to the respective articles.
👉 “Bitcoin has sufficient upward potential until November elections.”
According to Korea Economic TV, amidst Bitcoin hovering around $60,000, there is an outlook suggesting that a rally could continue until the U.S. presidential election.
According to cryptocurrency specialist Daily Hodl on the 27th (local time), economist Alex Krüger stated that “Bitcoin’s bullish trend will continue until the scheduled U.S. presidential election in November this year,” predicting that prices of major cryptocurrencies, alongside Bitcoin, will rise accordingly.
On that day, Alex Krüger explained in an interview that the macroeconomic environment in the United States is significantly favorable for risk assets like Bitcoin.
👉 SEC, possibility of approving Ethereum (ETH) spot ETF by July 4
According to TokenPost, there is speculation that the U.S. Securities and Exchange Commission (SEC) could approve the Ethereum (ETH) spot ETF application as early as July 4th.
According to a Reuters report on the 26th (local time), citing anonymous sources, the SEC could potentially approve an Ethereum spot ETF application as early as July 4th.
Industry executives and other participants have indicated that the SEC is nearing final stages of dialogue with asset managers and regulatory agencies, potentially approving exchange-traded funds linked to the spot price of Ethereum.
👉 “Stay vigilant against virtual asset hacking and IT crimes”… FSS and KISA join hands
According to NEWSIS, Financial Supervisory Service (FSS) Governor Lee Bok-hyun stated on the 27th that “if necessary, with the cooperation of the Korea Internet & Security Agency (KISA), we will establish an immediate and efficient joint response system to tackle increasingly sophisticated unfair trading practices in the virtual asset market.”
On that day, the FSS signed a memorandum of understanding (MOU) with KISA at its main office in Yeouido to cooperate on investigating unfair trading practices in the virtual asset market.
They signed the MOU to share information and collaborate on jointly addressing the increasingly sophisticated unfair trading practices in virtual assets.
👉 Virtual asset experts gathered at the National Assembly… “User protection will be strengthened with the enactment of the first-stage law.”
According to Etoday, on the 27th, the first virtual asset-related seminar of the year was hosted by Representative Kim Sung-won of the People Power Party at the Third Seminar Room of the National Assembly Members’ Office Building.
The seminar gathered experts from various fields to discuss the theme “Virtual Asset User Protection Act and Future Challenges.” They explored the significance of the User Protection Act and discussed areas that need further improvement.
On that day, the experts unanimously agreed that the User Protection Act would enhance the integrity of the virtual asset market.
That’s all for this week’s news.
We’ll be sure to bring you more updates through [Weekly Blockchain] next week, so stay tuned!
See you again next week!
