Crypto Trend Report

1. Week in Review Japan’s Financial Services Agency (FSA) is working on lifting the ban on the domestic distribution of stablecoins. Japan’s new regulations, allowing investors to trade using stablecoins like Tether (USDT), are expected to be adopted no later than June 2023. …

1. Week in Review Bank of Thailand to allow the first virtual banks by 2025. Bank of Thailand has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows. One of the largest US colleges…

I. Major Assets: Latest news 1)Major assets : What happened in December

1. Week in Review North Korea-linked NFT Phishing Campaign Targets OpenSea, X2Y2, Rarible Users. Researchers have unearthed a new phishing campaign involving North Korea-linked hackers targeting NFT users purchasing tokens on platforms such as OpenSea, X2Y2, and Rarible. Investors Continue Growing Concerned About Grayscale Bitcoin Trust. Investor concern is growing around Grayscale’s GBTC product…

1. Week in Review On-Chain Analysis: MVRVT Indicates Extreme Cooling of BTC Market.The MVRVT indicator signals extreme market cooling, which historically occurs at the end of a bear market.31 months after each halving, MVRVT reached the same low level.If the cryptocurrency market were extremely overheated today, the BTC price would be $165,200. Argentina Is…

1. Week in Review Expert Warns of ‘Oncoming Storm’ as Inflation Continues to Rise. Crypto expert Clem Chambers predicted that Bitcoin could crash in the coming months if the Feds keep hiking interest rates. Chambers argued that BTC could crash to around $8,000. …

Contents 1. Major Assets: Latest news 2. Asset Performance: Summary 3. Market Updates 4. Chronicle of the collapse of FTX 5. Expectations for 2023 1. Major Assets: Latest news 1) Major Assets

1. Week in Review Former FTX CEO Sam Bankman-Fried: ‘I Didn’t Knowingly Commingle Funds’. In a highly anticipated interview at Wednesday’s Dealbook Summit, Sam Bankman-Fried expressed regret over his exchange’s collapse, but clung to the narrative that it was a bet gone wrong. Cardano Stablecoin Ecosystem Ardana Suddenly Halts Development.Cardano decentralized stablecoin ecosystem Ardana…

1. Week in Review Coinbase’s bond due 2031 has dropped 15% in value this month to 50 U.S. cents on the dollar, according to data source Finra-Morningstar, sending the yield — which moves in the opposite direction to price — to a record high of 13.5%. MicroStrategy followed a similar trend: On Friday, the…