Weekly cryptocurrency news | ETH’s staking withdrawal test success attracts attention, Kraken violates securities law, etc.

news of the week

We will focus on the news of the week (2/4 to 2/10).

This week, Ethereum (ETH) was the most read news story about successful staked Ethereum withdrawals on the Zhejiang testnet.

Regarding the crypto asset (virtual currency) market, the report on the 6th, which summarizes the market’s wait-and-see trend ahead of interviews with key figures, is attracting attention.

In addition, an article on Kraken’s securities law violations and a commentary on the market by “Virtual NISHI”, a crypto analyst at the crypto asset exchange SBI VC Trade, also attracted a lot of attention.

table of contents

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Ethereum, successful staking withdrawal processing on testnet (2/8)

Ethereum successfully conducted a staked Ethereum withdrawal test in Zhejiang on the 8th. This is a test for the next upgrade, “Shanghai/Capella,” which Ethereum has set a target for implementation next month. (the article ishere)

2nd place: US SEC “Kraken’s virtual currency staking service violates securities law” (2/10)

The U.S. Securities and Exchange Commission (SEC) announced on the 9th that it has indicted the major U.S. cryptocurrency exchange Kraken for violating securities laws. It claimed that the staking service it offered had to be registered with the SEC beforehand. (the article ishere)

3rd place: Google’s parent company Alphabet “AI is very important for corporate mission achievement” (2/4)

Alphabet, the parent company of Google, a major US IT company, explained on the 2nd that it will clarify the description about part of the AI ​​(artificial intelligence) business from the financial report for January 2023. It has been pointed out that this change suggests that Alphabet is strengthening its AI business. (the article ishere)

Market news ranking

1st place: Powell’s lecture at the Economic Club, Bitcoin etc. Wait-and-see tone (2/6)

On the 7th, officials such as Chairman Powell of the US Federal Reserve Board (FRB) and Harker, President of the Federal Reserve Bank of Philadelphia, are scheduled to respond to interviews at the Economic Club in Washington, DC, and on this day Bitcoin (BTC) The cryptocurrency market was in a wait-and-see mode. (the article ishere)

2nd place: Virtual currency market rebounds, SAND 30% higher than the previous day in partnership with Saudi Arabian government agency (2/8)

The virtual currency market rebounded, and Bitcoin rose 1.63% from the previous day to $23,240. Among altcoins, The Sandbox (SAND) surged 30% from the previous day due to the announcement of a partnership with the Digital Government Agency (DGA) of Saudi Arabia in the Middle East. (the article ishere)

3rd place: Whether Bitcoin plunged into an adjustment phase or a new challenge for stakeable PoS currency (2/10)

Bitcoin price fell 3.95% from the previous day to $21,907. The cryptocurrency market suffered from worsening sentiment and heightened uncertainty around staking and proof-of-stake (PoS) currencies. (the article ishere)

Virtual Currency/Blockchain Industry News

A professional commentary on the Bitcoin derivatives market at the beginning of 2023 | Virtual NISHI contribution (2/9)

What is behind the virtual currency rebound after 2023? Virtual Mr. NISHI explains the Bitcoin derivatives market. (the article ishere)

Cryptocurrency industry coalition formed by Binance and others, many companies announced participation = report (2/9)

Binance is working to form a consortium to restore confidence in the crypto industry. It is said that the main purpose of the formation is to be actively involved in the development of future regulations around the world. (the article ishere)

Bitcoin version of “CryptoPunks” soars in price, trading at 27 million yen (2/10)

Bitcoin NFTs are gaining momentum, with a Bitcoin NFT mimicking the popular NFT (non-fungible token) collection “CryptoPunks” being created, and one of them trading at 9.5 BTC. (the article ishere)

US Google to release conversational AI (artificial intelligence) language model “Bard” (2/7)

On the 6th, Google announced the development plan of interactive AI language model “Bard”. Bard will be released to testers soon and will be available to the general public in the coming weeks following feedback. (the article ishere)

Microsoft, search engine “Bing” equipped with interactive artificial intelligence (2/8)

IT giant Microsoft announced on the 7th that it has installed AI technology of US OpenAI in the search engine “Bing”. It allows users to interactively search the Internet through AI-powered chat. (the article ishere)

ETH staking major Lido to implement withdrawal function in V2 (2/8)

Lido Finance (LDO), the largest liquid staking protocol, today announced plans for its next upgrade, Lido V2. The implementation of Ethereum’s withdrawal function and important function updates for network decentralization are planned. (the article ishere)

Elon announces introduction of Twitter’s revenue share (2/4)

Elon Musk, CEO of Twitter, announced on the 4th that it will start sharing advertising revenue for paying users. Distribution of advertising revenue is only for users who subscribe to the “Twitter Blue” plan. You will receive a portion of the revenue from the ads that appear in your responses. (the article ishere)