AICoin Daily Report (June 20)

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4 hours ago

1. BlackRock has purchased over $750 million in ETH this month

Arkham officially stated that BlackRock has purchased over $750 million in ETH in June, without selling any of it. -Original

2. Visa expands stablecoin coverage, partners with African exchange

The company has also established a strategic partnership with the African cryptocurrency exchange Yellow Card. -Original

3. Revolut explores issuing stablecoins, in talks with crypto companies

London-based bank Revolut is actively exploring the issuance of its own stablecoin. Sources reveal that Revolut has engaged in partnership discussions with at least one crypto-native company. In recent years, as the regulatory environment in the U.S. and globally has changed, more non-crypto companies are considering issuing stablecoins. Revolut currently has over 55 million retail customers and 500,000 business customers across 160 countries. -Original

4. Nauru establishes Virtual Asset Management Authority, aims to become a crypto hub

The Republic of Nauru has legislated the establishment of a dedicated agency to regulate digital assets, marking an important step for the Pacific region in embracing Web3 and virtual finance. The new agency is named Command Ridge Virtual Asset Management Authority (CRVAA) and will be responsible for regulating virtual asset service providers, helping the island nation create a hub for digital asset activities. CRVAA will operate as an autonomous entity, managing licensing, supervision, and compliance related to digital banking, token issuance, crypto trading platforms, wallets, and decentralized finance platforms. Note: Command Ridge is the name of Nauru's highest peak and also serves as a geographical landmark for the island nation. -Original

5. Plasma plans to launch mainnet by late summer, optimizing stablecoin trading

Plasma is preparing to launch its mainnet, a blockchain optimized for stablecoins, by "late summer." Plasma's founder and CEO Paul Faecks stated that the blockchain will support "the largest scale of stablecoins" at launch, based on its internal data. Faecks added, "We are building a blockchain to be the best product for moving stablecoins from point A to point B. Everything around it must serve this goal; otherwise, it is not worth doing for us." -Original

6. Police warn of virtual currency trading risks, investment schemes often scams

The Ministry of Public Security's website released "20 Anti-Fraud Keywords from Public Security Agencies," which indicates that the Criminal Investigation Bureau of the Ministry has analyzed recent telecom fraud cases and summarized 20 anti-fraud keywords, including "virtual currency," "credit repair," "unknown links, QR codes," and "aiding and abetting." It stated that using virtual currency for money laundering has become a common method for criminals to commit fraud and transfer funds. Scammers often set up fake platforms under the guise of "virtual currency investment and wealth management," luring victims into investing and posing as "currency merchants" to guide operations online, thereby defrauding them. The police specifically remind that virtual currency trading is not legally protected, and so-called "virtual currency investment and wealth management" is often a scam. -Original

7. Galaxy CEO says stablecoin legislation will attract traditional financial institutions

Billionaire and Galaxy founder and CEO Michael Novogratz stated in a Bloomberg TV interview on Wednesday that the passage of landmark stablecoin legislation will attract more traditional financial institutions into the cryptocurrency market. He noted that when he founded Galaxy in 2017, he anticipated that institutions would eventually enter the market, and this trend is now evident. Novogratz looks forward to the implementation of stablecoin legislation and hopes for subsequent market structure legislation to further promote the integration of traditional finance and cryptocurrency technology. Additionally, he revealed that we will see tokenization of equity in both the cryptocurrency and non-cryptocurrency sectors, and his company will collaborate with various parties to provide white-label and customized solutions. -Original

8. South Korea develops roadmap for Bitcoin spot ETF, positive policy direction

The South Korean Financial Services Commission is developing a roadmap for the launch of a Bitcoin spot ETF. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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