BTSE launches cryptocurrency exchange BTSE Indonesia in Indonesia.
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BTSE obtains Indonesian OJK license and officially launches BTSE Indonesia.
According to Mars Finance, BTSE has officially launched BTSE Indonesia through a joint venture with PT Aset Kripto Internasional, and has obtained a Digital Financial Asset and Crypto Asset Trading Operator (PAKD) license from the Indonesian Financial Services Authority (OJK). BTSE will provide trading infrastructure and liquidity support, while BTSE Indonesia will be responsible for local market operations. The platform currently supports Indonesian Rupiah (IDR) withdrawals and deposits, as well as IDR trading pairs. Future plans include expanding into futures trading and other products in accordance with local regulations. BTSE is a global blockchain technology company covering exchange, payment solutions, and blockchain infrastructure development. This license further enhances its global compliance strategy and lays the foundation for expanding into the Southeast Asian market and promoting the localization of digital asset services.
The U.S. Securities and Exchange Commission (SEC) is expected to propose cryptocurrency rules as early as this month to streamline the fundraising process for startups.
PANews reported on July 8th that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has updated its agenda, indicating it plans to propose new cryptocurrency rules as early as this month. The rule would establish a temporary registration exemption for developers launching crypto investment contracts, allow for a certain amount of financing, and create a safe harbor for issuers exiting securities regulation. SEC Chairman Paul Atkins stated that this move aims to achieve the goal of "making the U.S. the global crypto capital," establishing clear rules for crypto asset financing, and providing clear guidance for the custody and trading of on-chain tokenized securities. This is the SEC's first major rule-making effort in the crypto space; previously, the agency had released a digital asset taxonomy and begun developing related plans to promote tokenized securities. The cryptocurrency rule is currently under review by the White House Office of Information and Regulatory Affairs.
Market divergence in views on the yen's outlook has intensified, with a former Japanese finance official stating that a reasonable exchange rate should be around 130.
According to BlockBeats, on July 6th, as the USD/JPY exchange rate returned to around 162, market opinions on the yen's future trajectory became clearly divided. Tatsuo Yamasaki, former Vice Minister of Finance for International Affairs at the Ministry of Finance of Japan, stated that the current yen exchange rate has significantly deviated from a reasonable level, and a level around 130 yen to the dollar would be more in line with fundamentals. He added that he "would not be surprised" if the yen rose to that level. Meanwhile, some market participants held the opposite view. Jesper Koll, Executive Director of Monex Group, and Calvin Yeoh, an analyst at Blue Edge Advisors, believe that if the Bank of Japan continues to lag behind in the normalization of monetary policy, the USD/JPY exchange rate could even rise to 200 or higher. Yamasaki also warned that the Japanese government's recent lack of intervention in the foreign exchange market should not be interpreted as a lack of willingness to act. He stated that the Japanese Ministry of Finance has issued multiple warnings and demonstrated its willingness to intervene, and yen short positions still face the risk of being forced to close out. Market participants expect the Japanese government may still intervene in the exchange rate in mid-July.
Ukrainian police have dismantled a suspected cryptocurrency fraud network and seized over $448,000 in cash.
According to Mars Finance, on July 3, Ukrainian media outlet Interfax reported that Ukrainian law enforcement authorities dismantled a suspected cryptocurrency exchange network, seizing over $448,000 in cash. Ukrainian police conducted more than 40 raids in seven regions across the country and detained one suspect.
Data: CME Group's average daily trading volume for cryptocurrency contracts in June increased by 76% year-on-year, with a notional value exceeding $10 billion.
According to Mars Finance, data released by the Chicago Mercantile Exchange Group (CME Group) shows that its average daily trading volume (ADV) in June reached a new record of 30.6 million contracts, a year-on-year increase of 19%; second-quarter trading volume reached 29.8 million contracts, the second highest on record. In the cryptocurrency sector, CME Group's average daily trading volume for cryptocurrency futures contracts in June increased by 76% year-on-year to 334,000 contracts, with a notional value of approximately $10.7 billion. Among these, the average daily trading volume for micro Bitcoin futures contracts increased by 46% to 77,000 contracts. In the second quarter, the average daily trading volume for cryptocurrency futures contracts reached 250,000 contracts, a year-on-year increase of 32%, with a notional value of approximately $13.7 billion. Among these, the average daily trading volume for Ethereum futures contracts increased by 10% to 18,000 contracts.
WEEX launches a trading competition for Physical AI Bot concept tokens, offering a $100,000 prize pool.
According to Mars Finance, on July 3rd, WEEX exchange announced a new cryptocurrency-stock trading zone for Physical AI Bot. Users trading any of the participating cryptocurrencies (MSFTON, NVDAON, AMDON, QCOMON, TXNON, ADION, SYMON, ISRGON, TSLAON) can participate in a share of $100,000 in rewards. The event runs from 20:00 on July 2nd to 20:00 on July 12th (UTC+8). During the event, new users who complete a net deposit of ≥ $100 and their first spot trade in a participating cryptocurrency with a trading volume of ≥ $10 will receive a blind box worth up to $28. Users with a cumulative spot trading volume of ≥ 200 USDT in participating cryptocurrencies can participate in a share of 10,000 USDT in bonuses based on their trading volume percentage. New and existing users are considered to have successfully completed their daily check-in if their daily spot trading volume in the featured cryptocurrency is ≥ $50. Users who complete 2 or more consecutive check-ins can participate in sharing a $20,000 prize pool. Users with a net purchase of ≥ 100 USDT in the featured cryptocurrency can participate in sharing a $30,000 prize pool. Users with a cumulative spot trading volume of ≥ 2,000 USDT in the featured cryptocurrency can share a 20,000 USDT bonus based on their trading volume percentage.