Today's news in the cryptocurrency world on June 16!!!
Bitcoin price fluctuates within a range: According to NetEase News, Bitcoin's price today has repeatedly jumped between 105,000 and 106,500 USD. From a technical perspective, the MACD has formed a golden cross and is above the zero axis, while the Bollinger Bands have narrowed by 18%, indicating a potential for significant market movement. There is considerable resistance above at 106,500 to 107,000, while 104,500 is an important support level. Ethereum's price has rebounded to 2,570 USD, but its overall performance is weak, with the EMA120 showing significant pressure, and the on-chain TVL has decreased by 8%, making it less attractive compared to Solana.
Ant Group enters the Hong Kong dollar stablecoin market: According to Dongfang Caifu, Ant Group will apply for a stablecoin license in Hong Kong and Singapore, involving its subsidiaries Ant International and Ant Digital. Previously, JD.com also announced plans to issue a stablecoin pegged 1:1 to the Hong Kong dollar in Hong Kong, and Standard Chartered and other institutions have submitted applications for Hong Kong dollar stablecoin licenses. Hong Kong passed the "Stablecoin Regulation" in May, and the industry anticipates it will officially take effect in August, launching the Hong Kong dollar stablecoin licensing system.
Cryptocurrency regulation tightening: CoinWorld reported on June 15 that Klaas Knot, the outgoing chair of the Financial Stability Board (FSB), has issued a warning that the cryptocurrency market may be approaching a "critical point," posing systemic risks to the global financial system. He pointed out that stablecoin issuers hold a large amount of U.S. Treasury bonds, and the threshold for retail users has significantly decreased due to the launch of cryptocurrency ETFs, which enhances the connection with the traditional financial system, indicating that global cryptocurrency regulation will further tighten.
Concerns over cryptocurrency used for espionage: According to CoinWorld, a joint investigation by Reuters and blockchain analytics firms has revealed that Russian intelligence agencies have been using Bitcoin to pay untrained teenage spies for tasks such as surveillance, graffiti, and arson, as well as for hiring mercenaries and bribing European politicians. This discovery has sparked in-depth discussions on transaction anonymity and fund tracking, making security capabilities a key criterion for evaluating cryptocurrency exchanges.
