);)
Bitcoin (BTC), which set a new record high on the 10th, again broke its all-time high on the morning of the 11th due to institutional buying, including ETF purchases. Bitcoin reached its highest-ever price at $116,526 around 6:20 AM. The new high is believed to be driven by institutional buying. On-chain analysis platform CryptoQuant reported in its report on the 10th that individual investor buying on centralized exchanges (CEX) hit its lowest point since April.
2. Former BitFury Executive Confirmed as US Currency Comptroller
The US Senate voted on the 10th to confirm the appointment of the former legal head of cryptocurrency infrastructure provider BitFury as the Comptroller of the Currency (OCC). Previously, in February, then-President Donald Trump submitted a nomination for Jonathan Gould, BitFury's former legal head, to be the OCC director. With the Senate's approval, Jonathan Gould will serve a five-year term as OCC director.
3. Signum: "US Aims to Extend Dollar Dominance Through Stablecoins"
Digital asset banking group Signum pointed out in a report on the 10th that the US government is seeking to extend dollar hegemony through stablecoins. Signum explained that recognizing the weakening status of the US dollar as the global reserve currency, the government is aiming to strengthen its position by leveraging the usability of stablecoins.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
