The trading volume of Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States reached an all-time high on the 21st. According to a report by on-chain analysis platform Santiment, the trading volume of the top seven Bitcoin spot ETFs in the United States recorded $6.94 billion on the 21st, reaching the highest since launch on January 11. Meanwhile, it was revealed that Grayscale's GBTC had an outflow of $137 million on the 21st, continuing the selling trend.
2. Ethereum, whale buying movement detected amid price surge
Ethereum (ETH) recently surpassed $3,000 for the first time in about two years, and the accumulation movement of Ethereum whales was detected. SpotOnChain, an on-chain analysis platform, announced on the 21st that whale wallets holding large amounts of Ethereum had acquired approximately 15,236 Ethereum at an average purchase price of $2,947. SpotOnChain reported that Ethereum whales withdrew approximately 10,136 Ethereum out of exchanges.
3. Hong Kong “Prepare a plan to regulate stablecoin and OTC transactions”
Hong Kong's Finance Minister announced that he will prepare a plan to regulate stable coins and cryptocurrency over-the-counter (OTC) transactions in Hong Kong. Hong Kong Finance Minister Hui announced in an official statement on the 21st that the Hong Kong Parliament this month will discuss regulations related to stable coins and cryptocurrency OTC transactions in Hong Kong and will quickly push for legislation.
4. Kwon Do-hyung, the ‘main culprit of the Terra Luna incident’, was eventually extradited to the United States.
Dohyung Kwon, former CEO of Terraform Labs, who is considered the main culprit of the ‘Terra/Luna coin crash’, will be extradited from Montenegro to the United States. On the 21st, the Podgorica High Court in Montenegro confirmed the decision to extradite Mr. Kwon to the United States and announced that it would notify Mr. Kwon of this decision. The request for extradition requested by the Ministry of Justice of the Republic of Korea was rejected. Accordingly, Mr. Kwon will be tried by U.S. judicial authorities on a total of eight charges.
Reporter Seungwon Kwon ksw@
