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Bitcoin (BTC) futures market's uncleared contracts recorded about $72 billion (approximately 100.4 trillion won) on the 20th, with analysis suggesting Bitcoin could experience significant price volatility. On-chain analysis platform Glassnode reported that uncleared contracts in the Bitcoin futures market increased by about 8% in a week. Uncleared contracts refer to the amount that can be used for settlement in derivative markets such as futures or options contracts.
2. US SEC TF Team "First Report to be Released in Next Few Months"
The Securities and Exchange Commission's (SEC) task force team plans to release a report containing draft guidelines for cryptocurrency market regulation in the coming months. Paul Atkins, SEC Commissioner, who attended the SEC hearing on the 20th, explained that the cryptocurrency TF team is currently conducting independent activities to clearly understand the market and propose regulatory measures.
3. Justin Sun to Attend Dinner with Top Trump Token Holders as Largest Holder
Justin Sun, founder of Tron, will attend a dinner with former US President Trump as the largest Trump Token (TRUMP) holder among the top 220 token holders. On the 20th, through his X account, Justin Sun announced that he will attend a dinner on the 22nd at the Trump National Golf Course in Washington DC and participate in the 'VIP' tour course as the largest Trump Token holder.
4. XRP Futures Overwhelm Ethereum Trading Volume on First Day of Launch
The futures product of XRP, launched on the Chicago Mercantile Exchange (CME) on the 19th, recorded a daily trading volume of about $6 million (approximately 8.4 billion won), overwhelming Ethereum's (ETH) futures product trading volume. Cryptocurrency media Ambcrypto pointed out the impressive debut record of XRP futures trading volume and reported on the 21st that the possibility of XRP spot ETF listing has increased.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
