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It was revealed that a total of about $1.2 billion (KRW 1.6104 trillion) was withdrawn from Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States last week. According to data released by Bloomberg on the 9th, 11 Bitcoin spot ETFs in the United States suffered the worst net outflows since their launch in January.
2. Binance and Bybit Obtain First Exchange Licenses in Kazakhstan
Cryptocurrency exchanges Binance and Bybit have obtained Kazakhstan’s first cryptocurrency exchange licenses from Kazakhstan’s regulatory authorities. On the 9th, Kazakhstan’s financial services agency AFSA granted Binance and Bybit exchange licenses ‘DATF’, granting them cryptocurrency trading and custody rights in Kazakhstan.
3. Vice President Harris: Cryptocurrency Not Included in Presidential Platform
The cryptocurrency community is abuzz with the fact that Vice President Kamala Harris, the Democratic candidate for the US presidential election in November, did not include a pledge on cryptocurrency in her presidential campaign platform released on the 9th. The Democratic Party's policy plan for the 2024 US presidential election released by Vice President Harris on the 9th only mentions artificial intelligence (AI) and semiconductor innovation as technological innovations along with the revival of the US economy, and does not include any phrases on cryptocurrency. The cryptocurrency community is expressing the opinion that Vice President Harris will not change her negative perception of cryptocurrency so far through her policy plan.
4. VanEck Cryptocurrency Chief: “US Presidential Election Results Have Limited Impact on Cryptocurrency”
VanEck’s cryptocurrency chief has argued that the outcome of the US presidential election in November will have very limited effects on cryptocurrency prices. Matthew Siegel, VanEck’s cryptocurrency chief, explained in a report published on the 9th that cryptocurrency price increases are determined by market sentiment and investor confidence rather than politics. He went on to emphasize that if the Republicans and Democrats each win, the bull market patterns of Bitcoin and altcoins could change.
Reporter Kwon Seung-won ksw@
