● Binance Japan announces market strategy, focusing on "Web3 and stablecoin business"
According to CoinPost JP, Binance Japan General Manager Tsuyoshi Chino announced the Japanese market strategy in an online business briefing on the 30th with the theme of "Japanese market strategy and the prospects and challenges of stablecoin business opportunities". Tsuyoshi Chino said that it will gradually advance into the Japanese market in accordance with Japanese regulations. Binance Japan will cooperate with Japanese private enterprises and government departments to expand the prospects of the Binance ecosystem. In addition, it will promote integration with the existing financial system with stablecoins as the core, and actively promote partnerships through Binance's technology.
In addition, according to Bloomberg, Binance Japan plans to expand the number of listed tokens to about 100, nearly three times the number of tokens currently listed. Binance Japan representatives said in a briefing that they plan to cooperate with other local cryptocurrency exchanges in the country to ensure better liquidity in the market.
● Bloomberg ETF analysts raised the probability of Bitcoin spot ETF passing this year to 75%
According to BlockBeats, Bloomberg senior ETF analyst Eric Balchunas wrote, "Analyst James Seyffart and I have raised the probability of a Bitcoin spot trading platform exchange-traded fund (ETF) being launched this year to 75% (increasing to 95% by the end of 2024)." Bloomberg senior litigation analyst Elliott Z. Stein said, "While we have included Grayscale's victory in our previous 65% probability forecast, the consistency and decisiveness of this ruling exceeded expectations, leaving the U.S. Securities and Exchange Commission (SEC) with very little room for adjustment in this regard."
● Judge dismisses class action lawsuit against Uniswap
Court documents show that a judge in the United States District Court for the Southern District of New York dismissed a class action lawsuit against Uniswap and Paradigm, in which the plaintiffs tried to hold these companies responsible for the "scam tokens" sold on Uniswap AMM. Community members commented that the judge's dismissal of the class action lawsuit largely means that protocol developers should not be held responsible for the misconduct of third parties.
● ConsenSys lawyer: Uniswap class action lawsuit dismissed, may set a precedent for future legal cases involving DeFi platforms
ConsenSys lawyer Bill Hughes said on X (formerly Twitter) that the decentralized trading protocol Uniswap won the class-action lawsuit of damaged users, which may set a precedent for future legal cases involving DeFi platforms, which will have a more direct impact on the application of current securities laws to DeFi than the Ripple or TerraForm Labs cases.
Hughes said Uniswap's plan does not mean that Uniswap is responsible for the fraud and the resulting harm, at least according to US securities law. The court specifically ruled on three major directions: one is that the Uniswap platform is capable and in many cases is indeed used legally; two is that there is no transaction between the plaintiff and the Uniswap platform/Protocol Labs; three is that the current securities law does not seem to involve the liability of the DeFi protocol itself for the use of the protocol to defraud others. So this is very important, and cryptocurrency lawyers will soon remember the reference to this case. We will pay attention to whether the plaintiff appeals. The plaintiff has the right to appeal. This will be an important case that the Second Circuit needs to decide.
● Bernstein predicts: Bitcoin spot ETF will reach 10% of Bitcoin's market value in two to three years
According to CoinDesk, Wall Street investment bank Bernstein said in a research report released on Tuesday that following the favorable ruling in the Ripple lawsuit last month, Grayscale, the management company of the Grayscale Bitcoin Trust (GBTC), has achieved a second milestone victory in the cryptocurrency industry's lawsuit against the U.S. Securities and Exchange Commission (SEC). The report said that the approval date for the first review may start next week and continue until early 2024 for the final SEC review. Bernstein previously stated that the Bitcoin ETF spot market is expected to be quite large, reaching 10% of the Bitcoin market value within two to three years.
● EOS tokens are approved by the Japan Virtual Currency Exchange Association whitelist
According to BlockBeats, the EOS Network Foundation announced that the EOS token has been approved by the Japan Virtual Currency Exchange Association (JVCEA) for whitelisting. This will pave the way for EOS tokens to open trading pairs with the Japanese yen on Japan's regulated cryptocurrency trading platforms.
● MiCA regulatory architect will lead digital euro plan
According to CoinDesk, members of the European Parliament (MEP) said on Wednesday that German MP Stefan Berger, who was the architect of the EU's landmark crypto law MiCA, will take the lead in developing new legislation to support the digital euro. As rapporteur, Berger will propose amendments to the draft law, which other legislators can modify and vote on their own. At a later stage, he will lead negotiations with the Security Council to develop a unified version of the text. It is reported that the European Central Bank has not yet formally decided whether to issue a CBDC, but has invested a lot of resources in technical planning.
● Japan's Financial Services Agency announced its financial policy guidelines for the 2023 administrative year, focusing on digital currencies and crypto assets
According to the Daily Planet, the Financial Services Agency of Japan announced its financial policy guidelines for the 2023 administrative year (July 2023 to June 2024), summarizing the key measures for the coming year. In the second policy, "Building a financial system that balances solving social problems and economic growth", the Financial Services Agency of Japan proposed the goal of "realizing a digital society".
It mentions the digital currency and crypto-asset-related policies that will be implemented to promote Web3, including the establishment of a registration and review system to support the smooth issuance and circulation of stablecoins, and the encouragement of the establishment of self-regulatory organizations.