);)
While Bitcoin (BTC) is currently in a sideways trend after setting new highs last week, institutional demand for Bitcoin continues to grow. Coin Telegraph reported on the 27th that institutional capital inflow into Bitcoin is ongoing, pointing to betting distribution in the derivatives market and net inflows through last week's ETFs. According to data provided by Deribit, cryptocurrency short betting positions in the futures market are being sold at approximately 6% discounted prices. Meanwhile, net inflows into Bitcoin through ETFs last week recorded $2.75 billion (approximately 3.7675 trillion won).
2. Trump Media Group Dismisses $4 Trillion Cryptocurrency Fundraising Rumor as "Absurd"
Trump Media and Technology Group (TMTG), owned by former President Trump, flatly rejected rumors that it recently raised about $3 billion (approximately 4.1 trillion won) for cryptocurrency purchases. On the 26th, Financial Times reported through sources that TMTG would invest about $3 billion in purchasing various cryptocurrencies including Bitcoin by mixing its stocks and convertible bonds. TMTG responded through an official statement that the Financial Times report was false.
3. US Crypto Lobby Group Demands Clear Staking Regulation Guidelines from SEC
The Crypto Council for Innovation, a major US cryptocurrency lobby group, requested the US Securities and Exchange Commission (SEC) to publish clear regulatory guidelines for cryptocurrency staking. On the 26th at the Solana Conference, Allison Muir, Policy Director of the Crypto Council for Innovation, pointed out the SEC's regulatory reforms in the recent cryptocurrency market, noting that the SEC has still not published clear regulatory guidelines for staking.
4. Circle Denies Sale Rumors to Ripple and Coinbase
Circle, the issuer of stablecoin USDC, denied news of a potential sale to Ripple and Coinbase. On the 26th, Circle issued an official statement dismissing rumors that the company would be sold to Ripple or Coinbase for around $5 billion, and announced that it is resuming preparations for an initial public offering (IPO).
Reporter Kwon Seung-won ksw@blockstreet.co.kr
