First Breaks $110,000… U.S. Delays Crypto ETF Again
“Stablecoin Law May Pass, but Market Growth Limited”… U.S. Banks Discuss Development,
ⓒNews1,
, ‘(Seoul=News1) Reporter Choi Jae-heon’,
,
,
, ‘Bitcoin (BTC) has surpassed $110,000, marking a new record high.’,
,
, ‘As of 10:10 a.m. on the 23rd, the domestic price of bitcoin was 154,767,000 won, up 0.40% from the same time the previous day.’,
,
, ‘At the same time, according to CoinMarketCap, it recorded 111,393,000 won, up 0.91% from the same time the previous day.’,
,
, ‘Bitcoin was hovering around $101,000 the previous day before briefly surpassing $110,000 this morning, setting a new record.’,
,
, ‘On this day, a large amount of funds flowed into bitcoin spot Exchange-Traded Funds (ETFs), driving the price increase.’,
,
,
, ‘The U.S. financial authorities have delayed the approval of cryptocurrency ETFs.’,
,
, ‘On the 22nd (local time), James Seyffart, a Bloomberg ETF analyst, reported that the U.S. Securities and Exchange Commission (SEC) has delayed the approval of cryptocurrency ETFs submitted by Bitwise, CoinShares, and Fidelity.’,
,
, ‘Seyffart added, “The SEC has officially acknowledged the application for a staking-enabled TRX ETF submitted by Canary Capital, which is positive.”‘,
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, ‘There are evaluations that even if the stablecoin law passes in the U.S., expectations that the stablecoin market will grow 3-4 times within 1-2 years are optimistic.’,
,
, ‘On the 22nd (local time), JP Morgan stated, “All of the stablecoin-related bills proposed in the U.S. prohibit interest payments” and “define stablecoins as payment coins similar to existing currencies.”‘,
,
, ‘JP Morgan mentioned, “These restrictions hinder the growth of the stablecoin market” and “are less competitive compared to traditional financial products.”‘,
,
,
, ‘On the 22nd (local time), foreign media reported that major global banks like JP Morgan, Bank of America, and Citibank have announced discussions on joint stablecoin development.’,
,
, ‘They are in discussions with Zelle, a U.S. online money transfer service operator, and The Clearing House, an interbank payment network, and the final decision will take into account regulatory environment and market demand.’