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Sony Bank, an internet banking subsidiary of Japan's Sony Group, has announced plans to launch a yen-pegged stable coin. Sony Bank announced in an official statement on the 10th that it will launch a yen-pegged stable coin in partnership with Sonetium with the aim of reducing banking transaction fees and efficiently processing payments.
2. PayPal, Venmo Ethereum Name Service Integration Support Begins
On the 11th, PayPal integrated Venmo’s Web 3.0 payment platform Ethereum Name Service (ENS) into its payment platform. According to PayPal’s announcement, PayPal users in the United States can send cryptocurrency to wallets linked to ENS by entering their ENS usernames.
3. Bitwise Investment Chief: "Bitcoin, September decline, year-end rally begins"
Matt Hugan, the head of investment at Bitwise, has claimed that Bitcoin (BTC) will show a year-end rally due to the resolution of economic and policy uncertainties in the United States. In an investor note on the 10th, Hugan explained that Bitcoin is currently suffering from a decline due to a number of uncertainties, including the US presidential election and whether the Federal Reserve will cut interest rates. Hugan went on to claim that all of these uncertainties will be resolved by the end of the year, and that Bitcoin will rise significantly starting in October, as it has done in the past when it rose starting in October.
4. Glassnode: “Bitcoin, Short-Term Investor Demand is Declining”
It appears that demand from short-term investors for Bitcoin is decreasing. On-chain analysis platform Glassnode pointed out in a report published on the 10th that the on-chain transaction volume through centralized exchanges (CEX) has decreased significantly, falling below the monthly average transaction volume. Glassnode explained that the recent market downturn has significantly reduced demand for spot transactions for Bitcoin.
Reporter Kwon Seung-won ksw@
