);)
Mercoin, a subsidiary of Japan's largest second-hand trading platform Mercari, added XRP as a payment method on its platform on the 24th. Previously, Mercoin, a cryptocurrency trading app linked to Mercari, allowed payments in Bitcoin (BTC) and Ethereum (ETH) and added XRP as the third cryptocurrency payment method. Mercoin users can purchase XRP from 1 yen and use the purchased XRP as a payment method within Mercari.
2. Fidelity: "Bitcoin Holdings in Exchanges at 7-Year Low Due to Institutional Buying"
Global asset management firm Fidelity reported on the 24th that Bitcoin holdings in cryptocurrency exchanges recorded 2.6 million coins, the lowest since 2018. Fidelity explained that many institutional investors, including listed companies in the US, are aggressively accumulating Bitcoin, leading to a sharp decrease in Bitcoin holdings in exchanges.
3. Tether Expands Stake in Juventus to 14%
The world's largest stablecoin issuer, Tether, expanded its stake in the prestigious Italian football club Juventus to approximately 14% on the 24th. Tether acquired an 8.2% stake in Juventus in February and further secured an additional 6.18% stake through its investment division on the 24th.
4. Bitcoin Rises to 5th Place in Global Asset Ranking Amid Big Tech Decline
Amid the continued stock price decline of US big tech companies, Bitcoin successfully increased in price and recorded the 5th place in global asset market capitalization on the 24th.
5. New SEC Chairman Announces First Public Speech on 25th
Paul Atkins, the new chairman of the US Securities and Exchange Commission (SEC), is scheduled to give his first public speech on the 25th. Atkins will give a public speech based on the contents of the SEC meeting after the meeting concludes on the 25th.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
