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On the 22nd, BTC broke through $109,000 amid the decline of the US stock market and US bond prices, surpassing the highest price set in January. Bitcoin recorded $109,767 at 1:50 AM due to increased spot buying and net inflows of Bitcoin spot ETFs in the United States. With this new high, Bitcoin's market capitalization reached $2.158 trillion, ranking 5th in global asset rankings, surpassing Amazon and Google.
2. Texas Bitcoin Reserve Bill Passes House, Awaiting Governor's Signature
The Bitcoin Reserve Bill 'SB21', which includes provisions for government Bitcoin reserves, passed the Texas House of Representatives on the 21st, leaving just one step from taking effect. SB21 passed the House with a vote of 101 to 42 after passing the Senate in March. The bill will be fully implemented if Governor Greg Abbott signs it. The governor can sign or veto the bill within 20 days.
3. US Bitcoin Spot ETF Records Net Inflow of 1.3723 Trillion Won in Two Days
The US Bitcoin spot ETF reached approximately $996.6 million (about 1.3723 trillion won) in net inflows over two days. According to data from financial platform Parsyth Investor on the 22nd, the net inflow was about $1 billion on the 20th and 21st.
4. Hong Kong Government Passes Stablecoin Legislation
The Hong Kong Financial Supervisory Authority passed a stablecoin regulatory bill on the 21st as part of strengthening the regulatory framework for the cryptocurrency market. The passed stablecoin regulation requires issuers of stablecoins pegged to the Hong Kong dollar to obtain approval from the Hong Kong Financial Supervisory Authority.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
