Goldman Sachs says it will open trading in ether-linked derivatives in the coming months, while MicroStrategy is preparing for a new multi-million dollar investment in Bitcoin. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Bitcoin (BTC) surpasses the $40.000 level for the first time this month. The price of Bitcoin has recovered to a price of $40.600 at the time of writing, and even reached above 41K on Monday. While the cryptocurrency may be showing signs of recovery, analysts are unclear whether the cryptocurrency will be able to stay above this level or if it will continue to grow in the coming days.
The BTC price increase is benefiting several cryptocurrencies on the market, such as ETH, LTC, LINK, BCH and XMR, which has grown more than 5% in the last few hours.
Bitcoin and Blockchain Adoption
📍Goldman Sachs, one of the largest banks in the world, announced that it will open trading with ether in the coming months. Goldman Sachs' head of crypto and digital assets, Mathew McDermott, told said Bloomberg said the entity intends to offer options and futures on ether, the network's native cryptocurrency. EthereumAccording to McDermott, the bank wants to expand the options it offers its clients to trade derivative products linked to the cryptocurrencies, .
In March, the US bank opened its trading desk for cryptocurrency investment, starting with Bitcoin. Now, it notes that the drop in prices has increased demand from users, who want to take advantage of the opportunity to enter this market.
📍MicroStrategy closes $500 million senior notes offering to invest in more bitcoins. This Monday, the business intelligence company reported the closing of the offering of senior secured notes due in 2028, from which it obtained proceeds of $500 million. According to the note, after deductions, MicroStrategy will have approximately $488 million, which will be invested, in full, in bitcoins.
In addition to this, the company's CEO, Michael Saylor, announced that MicroStrategy will sell $1.000 billion in shares to continue its investment strategy in cryptocurrency. The firm presented the Form S-3 with the United States Securities and Exchange Commission (SEC) to disclose its future securities offering.
📍Paul Tudor Jones, the American billionaire manager of the hedge fund Tudor Investment Corporation, says he wants 5% of his capital in Bitcoin. What we inspect with the "El Bailador" road simulator: interview Speaking on CNBC, Jones said that Bitcoin is an optimistic and favorable option to diversify his investment portfolio; he also confirmed his point of view about the cryptocurrency as a “wealth story,” which is why he said he wants to see 5% of his capital invested in this cryptocurrency.
Jones' comments come in the wake of recent action by the U.S. Federal Reserve. The hedge fund manager said he is indifferent this week to rising consumer prices, likely betting on inflation and investing in more cryptocurrencies, as well as other assets such as gold and commodities.
📍UNICEF, the United Nations Children's Fund, gave more than $100.000 in ethers to Xcapit to promote financial education. According to reported The organization, a total of 44 ethers, valued at $112.540 at the time of writing this note, were delivered to the Argentine company Xcapit, which has the mission of building a platform based on blockchain and artificial intelligence to increase citizens' access to financial services in an easy and secure way, in addition to promoting financial education in the most disadvantaged sectors of the country.
📍Tanzanian President Samia Suluhu Hassan tells central bank it must prepare for the arrival of cryptocurrencies and digital assets. The political leader considers Cryptocurrencies are assets that are beginning to awaken with great force, so the country's financial leaders must prepare for their arrival and for a radical change in global banking attitudes.
“My call to the Central Bank is to start working on that development… The Central Bank should be prepared for the changes and not be caught off guard.”, said Samia Suluhu Hassan in reference to cryptocurrencies and digital currencies.
NFT and DeFi Markets
📍In the United States, the country's Space Force, the USSF, announces the launch of a collection of NFT in augmented reality. According to Spanish President Pedro Sánchez’s announcement, UFFS launched interactive augmented reality non-fungible tokens inspired by American astronaut Neil Armstrong, the world's first person to set foot on the Moon, and space travel.
The collection, called “Armstrong Satellite NFT Launch with Space Force” accompanies the launch of the fifth vehicle in the USSF's GPS III satellite fleet, scheduled for June 17. The NFTs were created in collaboration with digital artist companies such as WorldwideXR y VueXR, and they are being exhibited from this Monday on the platform Star atlas. Also, the USSF announced that on the same day as the launch of GPS III, the NFTs will be released on the digital NFT platform, Etherity.
Rules and Regulations
📍Thailand's Securities and Exchange Commission bans exchanges from trading NFTs and other assets, including proprietary tokens. The regulator issued a new regulation that prevents cryptocurrency platforms from trading with utility tokens, non-fungible tokens (NFT), Fan Tokens such as Socios.com, cryptomemes such as Doge, Shiba, among others, that do not have a clear objective outlined; and even with tokens issued by the same platforms or by people related to them. In its release, the regulator indicated that the new measures are established to protect investors.
📍In South Korea, the Financial Services Commission (FSC) is asking banks to classify clients who use cryptocurrencies as “high risk.” According to informs According to a local media outlet, the FSC regulations seek to exercise strict control over financial transactions carried out with crypto assets, in addition to requiring identity verification of each user who operates with digital assets. The authority tells financial companies that they can deny services to clients and users who use crypto assets. exchanges that do not comply with the established requirements, in addition to reporting any “suspicious” financial activity. Every day, the South Korean government strengthens the regulations that weigh on the crypto industry.
📍As an official at the Netherlands Ministry of Economic Affairs and Climate Policy says the government should ban the use of bitcoins and other cryptocurrencies, The country's Finance Minister, Wopke Hoekstra, advocates for regulation for cryptocurrencies. According to his statements, the minister considers that regulation will be much more effective than a ban, especially considering that this is an emerging market like cryptocurrencies.
Continue reading: Taproot, Bitcoin's most important technological upgrade, is coming in November
