● Bitcoin's market value returned to the 10th place in the global asset market value ranking, surpassing Berkshire Hathaway
According to Planet Daily, 8marketcap data shows that Bitcoin has returned to the 10th place in the global asset market value ranking with a market value of US$949.8 billion, surpassing the market value of Berkshire Hathaway (US$863.28 billion) and is currently ranked behind Meta Platforms (US$1.193 trillion).
● Crypto Quant founder predicts Bitcoin could reach $112,000 this year
According to Planet Daily, Crypto Quant founder Ki Young Ju said on social media that driven by ETF fund inflows, Bitcoin could reach $112,000 this year, and $55,000 in the worst case scenario.
● Animoca Brands co-founder: NFT can become a major component of digital capitalism
According to Planet Daily, Animoca Brands co-founder Yat Siu said that NFT has not been fully utilized and can become a major component of digital capitalism, thereby changing industries such as copyright management and education. He believes that NFT can revolutionize the way educational content is delivered and provide important financial opportunities, especially in less affluent areas.
● Ripple's Metaco CEO and product director leave
According to CoinDesk, Adrien Treccani, CEO of cryptocurrency custody company Metaco, and Peter DeMeo, chief product officer, have left the company. Metaco was acquired by Ripple in May 2023. A Ripple spokesperson confirmed the news and said: "We thank Adrien and his team for building a strong and industry-leading custody business, and his leadership in integrating the custody team and solutions into Ripple after the acquisition last year. The custody business remains at the core of Ripple's continued development, and we will continue to provide the best enterprise-level encryption solutions to customers around the world."
● European Financial Markets Association expresses concerns about proposed crypto asset custody rules
According to Golden Finance, James Kemp, Managing Director of Technology and Operations of the Association for Financial Markets in Europe (AFME), commented on the previous consultation between the UK FCA and the Bank of England on the regulatory approach to stablecoins and said: The UK plans to include stablecoins in the regulatory scope, which is a positive step towards creating a safe and sound system for crypto assets and enhancing confidence in DLT-based capital markets. However, AFME expressed concerns about the design of multiple proposed rules, which in their current form will have a negative impact on wholesale markets and participants.
● Australian Federal Court upholds ASIC's ruling against Block Earner
According to the Daily Planet, the Australian Federal Court ruled in favor of the Australian Securities and Investments Commission (ASIC) in its case against crypto startup Block Earner. Judge Ian Jackman believed that Block Earner violated some provisions of the Corporations Act 2001 by offering the "Earner" product without an Australian financial services license.
● A&D Forensics co-founder: The Nigerian government needs to regulate cryptocurrency activities to curb financial crime
According to Planet Daily, A&D Forensics co-founder Adedeji Owonibi said that the Nigerian government needs to regulate cryptocurrency activities and enact corresponding laws to curb financial crimes, especially money laundering.
