PrincessJM9
8 Following
3 Followers
3 Liked
0 Shared
Posts
Quotes
#VietnamCryptoPolicy Vietnam Enacts Digital Asset Law to Regulate Crypto
AI Summary
According to ShibDaily, Vietnam has made a significant advancement in the regulation of cryptocurrencies with the enactment of a new digital asset law. This legislation officially recognizes digital assets within the national legal framework, defining them as assets that utilize encryption or related technologies for their creation, issuance, storage, and transfer. The law introduces two distinct categories: virtual assets and crypto assets. Virtual assets are described as digital assets used for exchange or investment, and they are treated separately from securities, fiat-backed digital currencies, and other financial instruments already governed by existing civil or financial regulations. Crypto assets, on the other hand, are defined as digital assets that employ encryption technology to verify transactions and establish ownership, excluding securities and fiat-backed digital currencies.
AI Summary
According to ShibDaily, Vietnam has made a significant advancement in the regulation of cryptocurrencies with the enactment of a new digital asset law. This legislation officially recognizes digital assets within the national legal framework, defining them as assets that utilize encryption or related technologies for their creation, issuance, storage, and transfer. The law introduces two distinct categories: virtual assets and crypto assets. Virtual assets are described as digital assets used for exchange or investment, and they are treated separately from securities, fiat-backed digital currencies, and other financial instruments already governed by existing civil or financial regulations. Crypto assets, on the other hand, are defined as digital assets that employ encryption technology to verify transactions and establish ownership, excluding securities and fiat-backed digital currencies.
#MetaplanetBTCPurchase Japanese publicly traded company Metaplanet has seen its Bitcoin holdings exceed $1 billion. This milestone was reached after the company increased its Bitcoin assets by 1,112 BTC. The latest data from Mempool indicates that Metaplanet's Bitcoin holdings are now valued at $1,075,820,474, surpassing 1 trillion yen.
BNB has crossed the 650 USDT benchmark and is now trading at 650 USDT, with a narrowed 0.59% increase in 24 hours. $BNB
Michael Saylor, the Executive Chairman of Strategy, formerly known as MicroStrategy, has once again shared information about Bitcoin Tracker on the X platform. Historically, Saylor's updates on Bitcoin Tracker are followed by disclosures regarding Strategy's increased Bitcoin holdings the next day.$BTC
$BNB
$BNB
#TrumpBTCTreasury Bitcoin Adoption in Corporate Treasury Sparks Debate Among Industry Leaders
AI Summary
According to Odaily, David Bailey, President of Bitcoin Magazine, recently shared on the X platform that companies incorporating Bitcoin into their corporate treasury are outpacing traditional firms that do not hold Bitcoin. He emphasized that corporate liquidity is increasingly tied to Bitcoin, suggesting that companies risk obsolescence if they fail to adopt this strategy.
In response, Adam Back, co-founder and CEO of Blockstream, commented that firms embracing Bitcoin treasury strategies are gaining a competitive edge over publicly listed companies. He warned that ignoring this significant opportunity for capital reallocation could leave businesses behind, stressing that it is not merely an option but a necessity in the current economic landscape.
AI Summary
According to Odaily, David Bailey, President of Bitcoin Magazine, recently shared on the X platform that companies incorporating Bitcoin into their corporate treasury are outpacing traditional firms that do not hold Bitcoin. He emphasized that corporate liquidity is increasingly tied to Bitcoin, suggesting that companies risk obsolescence if they fail to adopt this strategy.
In response, Adam Back, co-founder and CEO of Blockstream, commented that firms embracing Bitcoin treasury strategies are gaining a competitive edge over publicly listed companies. He warned that ignoring this significant opportunity for capital reallocation could leave businesses behind, stressing that it is not merely an option but a necessity in the current economic landscape.
Bitcoin has crossed the 105,000 USDT benchmark and is now trading at 105,015.632813 USDT, with a narrowed narrowed 0.12% decrease in 24 hours.$BTC
Cardano founder Charles Hoskinson has suggested using $100 million worth of ADA from the treasury to convert into Bitcoin and stablecoins, including USDM and USDA. This proposal aims to enhance the proportion of stablecoins within the Cardano ecosystem and its decentralized finance (DeFi) sector.
Hoskinson assured that this move would not negatively impact the ADA market and countered concerns about liquidity. Currently, stablecoins on the Cardano blockchain account for only about 10% of the total value locked (TVL), which is significantly lower compared to Solana's stablecoin ecosystem.
This proposal contrasts with the views of Cardano Foundation CEO Frederik Gregaard, who previously emphasized that TVL is not a critical metric for evaluating the ecosystem's success.$ADA
$SOL
Hoskinson assured that this move would not negatively impact the ADA market and countered concerns about liquidity. Currently, stablecoins on the Cardano blockchain account for only about 10% of the total value locked (TVL), which is significantly lower compared to Solana's stablecoin ecosystem.
This proposal contrasts with the views of Cardano Foundation CEO Frederik Gregaard, who previously emphasized that TVL is not a critical metric for evaluating the ecosystem's success.$ADA
$SOL
#CardanoDebate on stablecoins, emphasizing that their primary purpose is to construct a 'monetary ecosystem' for the internet rather than facilitating global currency flow. Zhang highlighted that stablecoins represent the currency of the internet, with the main challenge being to prove they are 'clean money.' Platforms with distribution capabilities, such as Stripe, Revolut, and Airwallex, possess the necessary technology to integrate stablecoins into their products. These platforms can convert existing 'clean money' within the system into stablecoins and issue new financial products for monetization.
Over the past month, while retail investors have been taking profits, these 'whale' wallets have been rapidly increasing their holdings.
During this 30-day period, the group has net accumulated 1.49 million ETH, marking a 3.72% increase in their holdings. Presently, these wallets account for 26.98% of the total Ethereum supply. $ETH
During this 30-day period, the group has net accumulated 1.49 million ETH, marking a 3.72% increase in their holdings. Presently, these wallets account for 26.98% of the total Ethereum supply. $ETH
Bitcoin (BTC) options and 244,000 Ethereum (ETH) options are set to expire. The BTC options have a put-call ratio of 0.9, with a maximum pain point at $106,000 and a nominal value of $2.93 billion. Meanwhile, ETH options show a put-call ratio of 1.13, with a maximum pain point at $2,650 and a nominal value of $620 million. The delivery volume accounts for approximately 8% of the total open interest, marking a decline following a rebound last week.
In terms of implied volatility (IV), BTC remains at a low level, whereas ETH has seen a noticeable increase, suggesting greater operational space for volatility strategies on ETH. The market volatility risk premium (VRP) is high this week, indicating a state of extremely low market volatility. Despite some adjustments today, the VRP remains elevated.
Additionally, data from block trades show that major market players are increasing their positions in put options, entering a defensive phase. Recent geopolitical factors have heightened market risk aversion, leading to a significant pullback in cryptocurrency prices. $ETH
$SOL
In terms of implied volatility (IV), BTC remains at a low level, whereas ETH has seen a noticeable increase, suggesting greater operational space for volatility strategies on ETH. The market volatility risk premium (VRP) is high this week, indicating a state of extremely low market volatility. Despite some adjustments today, the VRP remains elevated.
Additionally, data from block trades show that major market players are increasing their positions in put options, entering a defensive phase. Recent geopolitical factors have heightened market risk aversion, leading to a significant pullback in cryptocurrency prices. $ETH
$SOL
#IsraelIranConflict the Israeli military has confirmed that a missile was launched from Yemen and is heading towards Israel. Efforts are currently underway to intercept the missile.
ETFs experienced a substantial net inflow of $112 million on June 12, Eastern Time. The Blackrock ETF ETHA led the inflows with $102 million, bringing its historical total net inflow to $5.236 billion. Fidelity's ETF FETH followed with a net inflow of $10.8319 million, accumulating a historical total of $1.603 billion.
As of the latest report, the total net asset value of Ethereum spot ETFs stands at $10.756 billion, with an ETF net asset ratio of 3.38% compared to Ethereum's total market capitalization. The cumulative historical net inflow has reached $3.857 billion. $ETH
As of the latest report, the total net asset value of Ethereum spot ETFs stands at $10.756 billion, with an ETF net asset ratio of 3.38% compared to Ethereum's total market capitalization. The cumulative historical net inflow has reached $3.857 billion. $ETH
Deeply saddened by the tragic plane crash in Ahmedabad India. My heartfelt condolences to the families of the victims and all those affected.
Our thoughts are with the people of India uk and country during this difficult time.
Our thoughts are with the people of India uk and country during this difficult time.
Bitcoin price holds around $106,913 but risks wicks below key $100,000 support amid renewed U.S.-China trade tensions.
Tariffs on Chinese goods raised to 55%, sparking fears across crypto and traditional markets.
Analysts point to the 2025 yearly open and $100K as critical support, with major liquidity stacked between $111K–$120K. $BTC
$ETH
Tariffs on Chinese goods raised to 55%, sparking fears across crypto and traditional markets.
Analysts point to the 2025 yearly open and $100K as critical support, with major liquidity stacked between $111K–$120K. $BTC
$ETH
#TrumpTariffs U.S. President Donald Trump recently announced on social media that a new legislative measure is set to significantly boost economic growth at an unprecedented pace. The initiative is also projected to reduce spending by $1.6 trillion. President Trump emphasized that this development is steering the country in the right direction and reiterated his commitment to making America great again.
$ETH Lookonchain reveals that a whale has increased their Ethereum short position by adding 3.37 million USDC. This adjustment brings their total Ethereum short holdings to 40,000 ETH. The whale is currently facing an unrealized loss exceeding $2.5 million. If Ethereum's price rises to $2,938.2, the position will be liquidated. $ETH
Login to explore more contents