AiCoin Daily Report (June 20)

1. BlackRock has purchased over $750 million in ETH this month.

Arkham officially stated that BlackRock purchased over $750 million of ETH in June and has not sold any of it even once. -Original text

2. Visa expands the coverage of stablecoins and partners with exchanges in Africa.

The company has also established a strategic partnership with the African cryptocurrency exchange Yellow Card.

3. Revolut explores issuing stablecoins and is in talks for collaboration with crypto companies.

Revolut, the new bank in London, is actively exploring the issuance of its own stablecoin. According to insiders, Revolut has engaged in partnership discussions with at least one crypto-native company. In recent years, with changes in the regulatory environment in the U.S. and globally, more and more non-crypto companies are considering issuing stablecoins. Currently, Revolut has over 55 million retail customers and 500,000 business customers in 160 countries worldwide. -Original text

4. Nauru establishes a Virtual Asset Management Authority, striving to become a crypto hub.

The Republic of Nauru has passed legislation establishing a body dedicated to regulating digital assets, an important step in embracing Web3 and virtual finance in the Pacific. The new agency, called the Command Ridge Virtual Asset Management Authority (CRVAA), will oversee virtual asset service providers and help the island nation become a hub for digital asset activity. CRVAA will act as an autonomous body that will manage licensing, supervision, and compliance matters related to digital banks, token offerings, crypto exchanges, wallets, and decentralized finance platforms. Note: Command Ridge is the name of Nauru's highest peak and a geographical indication for the island nation. -original

5. The Plasma project is scheduled to launch its mainnet at the end of summer, optimizing stablecoin transactions.

Plasma is preparing to launch its mainnet in "late summer", which is a blockchain specifically optimized for stablecoins. Plasma's founder and CEO, Paul Faecks, stated that the blockchain will support "the largest scale of stablecoins" based on its internal data at the time of launch. Faecks added, "We are building a blockchain to be the best product for moving stablecoins from point A to point B. Everything around it must serve this goal; otherwise, it's not worth doing for us." -Original

6. The police remind that there are risks in virtual currency trading, and many investment and financial management schemes are scams.

The Ministry of Public Security website released "20 Anti-Fraud Keywords from Public Security Agencies," which pointed out that the Criminal Investigation Bureau of the Ministry of Public Security analyzed recent electric fraud cases and systematically summarized 20 anti-fraud keywords based on various local warning and persuasion experiences. These include "virtual currency," "credit repair," "unknown links, QR codes," and "aiding and abetting behavior." It stated that the current use of virtual currency for money laundering has become one of the common methods for criminals to commit fraud and transfer funds. Fraudsters often create false platforms under the guise of "virtual currency investment and wealth management," enticing victims to invest, and posing as "currency merchants" to guide operations under the pretext of online transaction risks, thereby defrauding money. The police especially remind that virtual currency transactions are not protected by law, and so-called "virtual currency investment and wealth management" is mostly a scam.

7. Galaxy CEO claims that the stablecoin bill will attract traditional financial institutions to enter the market.

Billionaire and Galaxy founder and CEO Michael Novogratz stated in an interview with Bloomberg TV on Wednesday that the passage of landmark stablecoin legislation will attract more traditional financial institutions into the cryptocurrency market. He noted that when he founded Galaxy in 2017, he anticipated that institutions would eventually enter the market, and this trend is now evident. Novogratz looks forward to the stablecoin bill being enacted and hopes that subsequent market structure legislation will be introduced to further promote the integration of traditional finance and cryptocurrency technology. Additionally, he revealed that we will see equity tokenization in both the cryptocurrency and non-cryptocurrency fields in the future, and his company will collaborate with various parties to provide white-label and customized solutions.

8. South Korea has established a roadmap for Bitcoin spot ETFs, with a positive policy direction.

The South Korean Financial Services Commission is developing a roadmap to launch a Bitcoin spot ETF. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin ()