Weekly News (+Asia Special) | We are very interested in E. Musk’s comments on virtual currencies and Arthur’s considerations on a BTC spot ETF.

news of the week
We summarize the most popular cryptocurrency (virtual currency) news from last week (12/23~12/29).
This week, news about cryptocurrency-related comments from Elon Musk, CEO of Tesla, the owner of

index

This week’s main news
financial market
Asia Special

This week’s main news
Elon Musk: “I don’t have much time to think about cryptocurrency” (12/23)
“I don’t waste time thinking about cryptocurrencies,” Musk said. The comments were in response to Wood’s X Space conversation with the CEO of giant hedge fund Ark Invest regarding the potential impact of Bitcoin on the financial system. (article is here)
“Cash ETFs Could Destroy the Bitcoin Network” Thoughts by Arthur Hayes (12/26)
Arthur Hayes published an article about cryptocurrency investment on the 23rd. He expressed his view that “cash ETFs could disrupt the Bitcoin network.” (article is here)
MicroStrategy buys $615 million worth of cryptocurrency Bitcoin in December (12/27)
MicroStrategy announced on the night of the 27th that it had purchased more Bitcoin. This time, 14,620 BTC was won for $615 million. (article is here)
financial market
Bitcoin is struggling at a high price, so there is caution about ‘fact selling’ upon ETF approval (12/25)
On this day, the Bitcoin price fell 2.1% from the previous day to 1 BTC = $42,955. QCP Capital, a Singapore-based cryptocurrency trading firm, said it expects the Bitcoin ETF to be approved as early as January 5-10, but it is likely to be overconfident. “You cannot be optimistic,” he warned. (article is here)
Bitcoin’s year-end position adjustment selling trend may dominate, and Korea’s ‘kimchi premium’ may rise due to the surge in Alto price (12/27)
Bitcoin price fell 2.6% from the previous day to 1 BTC = $42,337. According to SignalQuant’s analysis published on this day by data analysis company CryptoQuant, the price deviation of the Korea Premium Index (14-day moving average) has increased sharply over the past two weeks, leading to widespread speculation in the domestic market. It was found that It’s growing rapidly. It has been confirmed that it exists. (article is here)
Altcoins fall due to early profit selling, futures market overheating warning (12/29)
Stocks that had soared, such as Solana (SOL) and Polygon (MATIC), suffered a reactionary decline. On the 28th, $32.8 million worth of Solana was transferred to Binance. (article is here)
Asia Special
Hong Kong begins accepting applications for virtual currency spot ETF (12/23)
The Hong Kong Securities and Futures Commission (SFC) announced on the 22nd that it is ready to accept applications for a physical cryptocurrency ETF. This is set out in a circular informing the SFC and the Hong Kong Monetary Authority (HKMA) of the new policy for brokers engaging in cryptocurrency-related activities. (article is here)
Japan’s first digital securities distribution market ‘START’ opened, trading of 2 stocks, Kenedix and Ichigo (12/26)
Osaka Digital Exchange (ODX) opened Japan’s first digital securities (ST) secondary market, ‘START’, on the 25th. Securities token trading has begun on ODX’s PTS (Private Trading System). (article is here)
SBI establishes joint venture with Japan’s TradeFinex and begins experimentation with virtual currencies XDC and Corda (12/28)
SBI Holdings announced on the 27th that it has established a joint venture with TradeFinex Tech Ltd. of the United Arab Emirates (UAE), as announced in September this year. The company also announced that it has begun a proof-of-concept (PoC) for its first project. (article is here)
Hong Kong Monetary Authority announces draft regulations for stablecoin issuers (12/28)
On the 27th, the Hong Kong Monetary Authority, in collaboration with the Financial Services Board (FSTB), published a consultation paper on the introduction of stablecoin issuer regulation and collected public opinions. This consultation document takes into account feedback from the public and industry participants on the virtual currency and stablecoin regulatory deliberation document announced by the Hong Kong Monetary Authority last year, market conditions and demand, and international standards. . (article is here)
Indian authorities request blocking access to 9 exchanges, including Binance, for violating anti-money laundering laws (12/29)
On the 28th, India’s Financial Intelligence Bureau under the Ministry of Finance requested the Ministry of Electronics and Information Technology to block access (URL blocking) to nine overseas virtual currency exchanges, including Binance. It is pointed out that these exchanges do not violate the provisions of the Prevention of Money Laundering Act (PML Act) and are operating illegally. (article is here)
Connection:Why Japan needs a large-scale Web3 conference | WebX Founder Interview

Asia’s largest Web3 conference ‘WebX 2024’ will be held at Tokyo Prince Park Tower https://t.co/pogMJ9oqDw
This event is scheduled to be held over two days, August 28 (Wednesday) and August 29 (Thursday), 2024. We hope you apply a lot!
— Coin Post (Virtual Currency Media) (@coin_post) September 29, 2023
Key Web3 Conference Dates
Conferences related to Web3 and cryptocurrency/blockchain are becoming more active around the world. In this article, we will also introduce information on major conferences scheduled to be held in the near future, mainly in Asia.
TEAMZ WEB3/AI Summit 2024
‘TEAMZ WEB3/AI SUMMIT 2024’ is an event themed around Web3 and AI and will be held at the Toranomon Hills Forum in Tokyo from April 13th to 14th.
TEAMZ WEB3/AI SUMMIT 2024 is an event focusing on the potential for synergy in the AI ​​and blockchain fields, which is attracting attention due to the revival of OpenAI and ChatGPT, following this year’s TEAMZ WEB3 SUMMIT 2023.
According to the official page, more than 120 speakers, including more than 200 VCs, investors, and exhibitors, are scheduled to attend next year. It is estimated that 5,000 people will attend.

TEAMZ WEB3 / AI SUMMIT 2024 is an upgraded event of TEAMZ WEB3 SUMMIT 2023, which was one of the most influential events in the Japanese Web3 industry. This year, the main theme is WEB3 and AI, which are recent trends… pic.twitter.com/JsjXkV9ZDe
— TEAMZ, Inc. (@teamz_inc) November 7, 2023
CoinPost Official App

CoinPost official app (1.7.15) has been released for iOS and Android.・iOS17 compatibility ・Improved in-app WebView display ・Improved behavior when tapping notifications… pic.twitter.com/Y8dikLRBe7
— Coin Post (Virtual Currency Media) (@coin_post) November 15, 2023
¥nhttps://imgs.coinpost-ext.com/uploads/2020/06/coinpost20200624_2.jpg –>

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