In a SEC filing, Morgan Stanley where the institutional investors are prevailing, has stated that it will provide services in cryptocurrencies to its customers. It is also stated in the document that the 25% of its 12 existing institutional funds could be allocated to cash-settled futures and investments with the Grayscale Bitcoin Trust.
Response to Crypto Tax Claims from the Ministry of Treasury and Finance
The Ministry of Treasury and Finance made an official press release regarding the news that data was requested from crypto money exchanges. In the press release, which stated that MASAK is working in many areas related to financial crimes, tax rumors were also ended.
China Completes First Cross-Border Pilots of Digital Yuan
The Director of the Bank of China (PBoC) Research Bureau announced that the PBoC has begun technical testing of the cross-border use of China's central bank digital currency.
New Generation HODLers in Bitcoin
Glassnode's new research confirms that there is an increase in the amount of Bitcoins held for periods between 1 and 6 months, and it has been the demand which is behind the movements to the last $ 60,000 level. According to Glassnode's data, BTC purchased between $10,800 and $ 58,800 now represents 25% of the total supply with no signs of slowing down.
Fastest Rise in 38 Years from US ISM Manufacturing Data
In the USA, the ISM manufacturing index has risen to 64.7 in the previous month showing the fastest growth since 1983. In the index, above 50 indicates growth while below this level means contraction.
Options Market Shows Call Bias as Bitcoin Prepares for New Record
Bitcoin call options draw higher values compared to put options. The bullishness seems to be rising with Bitcoin options listed on the dominant Deribit exchange. New records in cryptocurrency trading are only 4.6% away.
Total Cryptocurrency Market Value Hits Record $1.9 Trillion
With the latest increases, the total market value of cryptocurrencies broke a record with $ 1.9 trillion on the last day of the previous month. With this new record, the cryptocurrency market has come very close to Apple's market value. Almost half of the total market cap of crypto money belongs to Bitcoin.
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