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The Bitcoin spot ETF recorded the highest weekly trading volume this year as of yesterday. The total trading amount was $25 billion (34.2 trillion won), with a net inflow of $2.75 billion, the second-highest single weekly net inflow since its listing in early last year. Among these, BlackRock's BTC spot ETF fund IBIT, which accounts for 3.3% of the current global Bitcoin supply, has exceeded net assets of $71 billion (9.71 trillion won), which is about three times that of Fidelity's BTC spot ETF fund FBTC. During the same period, the net inflow of Ethereum spot ETF was about $250 million (342 billion won), reaching its highest level since early February, although trading volume somewhat decreased.
2. US Treasury Secretary: "US Will Massively Develop Digital Assets"
US Treasury Secretary Scott Bessent appeared on a TV program and announced that the United States will massively develop digital assets. He emphasized that blockchain is the most important financial technology of this era and that the US will become a global leader in this new financial frontier under President Donald Trump's leadership. He also added that the US is preparing a next-generation framework to support innovation, safety, and economic leadership in the digital asset sector.
3. Trump Refuses to Cut $1 Trillion Defense Budget
US President Donald Trump delivered a speech at the West Point Military Academy graduation ceremony on the 24th local time. Discussing military budget issues, Trump stated that he would not cut the US $1 trillion (1,368 trillion won) defense budget. Trump said, "One trillion dollars in military budget, one trillion dollars! Someone asked if it could be cut. To that, I will not cut even 10 cents. If cuts are needed, they can be made in many other places."
If approved by Congress, the United States will enter the "1 trillion dollar defense budget era" from October 1st this year, the start of the next fiscal year. This is approximately 12% higher than this year's fiscal defense budget.
4. Stablecoin Market Cap Reaches 336 Trillion Won
According to the decentralized finance data tracking platform defillama, the stablecoin market cap increased by 0.95% over the past week, currently recording $246.119 billion (336.6648 trillion won). Among these, Tether (USDT)'s market cap increased by 1.01% to $153.334 billion (209.7144 trillion won), with a market share of 62.30%.
5. Musk Changes X Profile to xAI
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Choi Joo-hoon joohoon@blockstreet.co.kr
