);)
Ripple has prepared to become a bank following Circle. On the 2nd, through its X account, Ripple announced that it has applied for a bank charter to operate as a national trust bank with the Office of the Comptroller of the Currency (OCC), and if it obtains the license, it will propose US stablecoin standards through its Ripple stablecoin RLUSD. Following Ripple's announcement, XRP surged by about 5% on the morning of the 3rd.
2. Standard Chartered: "Bitcoin to Reach $200,000 by Year-End"
Global bank Standard Chartered, in a report released on the 2nd, claimed that Bitcoin (BTC) would reach around $200,000 by the end of this year, based on net inflows through exchange-traded funds (ETFs) and corporate purchases.
3. Arizona Fails to Pass Bitcoin Holdings Fund Establishment Bill
The US state of Arizona failed to pass 'Bill 2324', which proposed establishing a state government Bitcoin fund, due to the final signature refusal by Governor Katie Hobbs. Bill 2324 included a provision that would allow the Arizona state government to establish a fund using confiscated Bitcoin.
4. US SEC: "Tokenization is Innovative... Ending Regulation through Enforcement"
Paul Atkins, SEC Commissioner, revealed the SEC's changing regulatory stance towards the cryptocurrency market in an interview with CNBC on the 2nd. He stated that the SEC considers tokenization technology as an innovation to be encouraged in the market and will end regulatory cases through past ambiguous laws and regulatory enforcement.
5. US Bitcoin Spot ETF Ends Net Inflow after About a Month
According to financial data platform SoSoValue, the US Bitcoin spot ETF recorded a net outflow of approximately $342 million on the 1st, marking its first net outflow since June 6th.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
