The following are five noteworthy news in the currency circle in the past 24 hours:
1. Metaplanet Bitcoin Purchase:
Japanese investment firm Metaplanet announced the purchase of an additional $1.2 million worth of Bitcoin, bringing its total holdings to more than $10 million. The news sent the company's stock price up 26%, showing the market's positive attitude toward institutional investors in the cryptocurrency space.
2. ETH ETF is about to trade:
The U.S. Securities and Exchange Commission (SEC) notified issuers of Ethereum (ETH) exchange-traded funds (ETFs) that the funds can begin trading on Tuesday, marking a major milestone for the cryptocurrency market that is expected to attract large inflows and lift Ethereum price.
3. New lawsuits faced by Tether:
A class action lawsuit has been refiled against Tether and Bitfinex for manipulating the Bitcoin market, alleging that the two companies influenced the price of Bitcoin through market manipulation, with significant consequences for the legality and transparency of the cryptocurrency market.
4. China may lift Bitcoin ban:
There are rumors that the Chinese government may reconsider the Bitcoin ban in the fourth quarter of 2024. If restrictions are relaxed, major changes may occur in the global encryption market.
5. Larry Fink calls Bitcoin âdigital goldâ:
Blackstone Group CEO Larry Fink compared Bitcoin to "digital gold," emphasized its potential as an international asset, and believed that Bitcoin can fight inflation and currency devaluation. These remarks may have a significant impact on the cryptocurrency market.
