Major News Headlines for Today

1. Ki Young Ju "Bitcoin Continues Rising As Long As It Holds Above $57,000"
CryptoQuant CEO Ki Young Ju pointed out the Cost-Basis Trends, which means the average holding price of Bitcoin(BTC), through his X account on Feb. 19 and expressed his opinion that the upward trend will continue even if the price of Bitcoin falls 30% from the present. He pointed out that institutional investors, spot traders, and miners who hold Bitcoin have $89,000, $59,000 and $57,000 of average holding price, respectively. He pointed to the precedent when the decline began when the price of Bitcoin was below the average holding price of miners.

2. Binance US Resumes U.S. Services
Binance US announced in an official statement on Feb. 19 that it will resume the U.S. dollar exchange deposit and withdrawal service for U.S. customers and provide services in the U.S. again. Binance US suspended its service in June 2023 due to intensifying conflicts with regulators in the U.S. due to lack of regulatory clarity.

3. Chainalysis "Cryptocurrency in Limelight as Hedging Asset in Iran's Economic Crisis"
In a report published on Feb. 19 by blockchain analysis platform Chainalysis, it announced that cryptocurrency's preference as a hedging asset is rising due to geopolitical tensions in Iran and the resulting economic instability. Channelsis pointed out that the outflow of cryptocurrency in Iran last year was close to $4.18 billion, up about 70% from the previous year, and that dependence on DeFi is rising.

4. Trump 'World Liberty Financial' Co-Founder "ICO Regulations, VC Participation Should Be Sanctioned"
During a panel discussion at Hong Kong Consensus on Feb. 19, Jak Faulkman, co-founder of the DeFi project 'World Liberty Financial' conducted by President Trump's family, insisted on reviving the ICO boom through regulatory changes in cryptocurrency disclosure(ICO). He said venture capitalists(VC) participated in ICOs frequently blur the nature of ICOs and manipulated the project's funds, and VC should be sanctioned from participating in ICOs.

권승원 기자 ksw@blockstreet.co.kr