);)
JP Morgan is planning to add cryptocurrencies to its collateral loan assets. Bloomberg reported on the 4th, based on testimony from sources, that JP Morgan is considering BlackRock's Bitcoin (BTC) spot ETF 'IBIT' as a collateral loan asset and plans to gradually add other cryptocurrency-related assets to its collateral loans.
2. Cryptocurrency Market Drops Following Trump's Sudden 50% Steel Tariff Announcement
The cryptocurrency market declined after Donald Trump announced on the 4th that he would raise tariff rates on imported steel and aluminum from 25% to 50%. The president announced through a White House proclamation that a 50% tariff rate would be applied to imported steel and aluminum starting from 0:01 on the 4th (local time). Following Trump's announcement, the cryptocurrency market began declining from the afternoon of the 4th and continued to show weakness until the morning of the 5th.
3. Trump's Nominee to Attend CFTC Chairman Confirmation Hearing on the 10th
Brian Quintenz, nominated by Trump as the next CFTC Chairman, is scheduled to attend a congressional hearing for his confirmation on the 10th. Brian Quintenz has been serving as the policy head of a16z Crypto, the Web 3.0 and cryptocurrency-focused venture capital subsidiary of the global venture capital firm Andreessen Horowitz.
4. Circle Sets Company Value at 1.4 Trillion Won in IPO Plan
On the 5th, Circle, the issuer of stablecoin USDC, announced in its Initial Public Offering (IPO) document that its corporate value is set at 1.05 billion dollars (approximately 1.4324 trillion won). Circle announced plans to list 34 million shares at an offering price of $31 on the New York Stock Exchange (NYSE).
Reporter Kwon Seung-won ksw@blockstreet.co.kr
