Major News Headlines for Today

1. Bitcoin Breaks New Report Again on Institutional Buying...Over $116,000
Bitcoin(BTC), which recorded a new high on the 10th, renewed its new high on the morning of Jul. 11 on institutional buying including exchange-traded funds(ETF). Bitcoin reached an all-time high of $116,526 at 6:20 a.m. on Jul. 11. Bitcoin's new high is believed to have been driven by institutional buying. CryptoQuant, an on-chain analysis platform, reported in a report published on the 10th that individual investor buying in the central exchange(CEX) reached its lowest level since April.

2. Bitfury Ex-Executive Confirms Appointment of U.S. Monetary Authority Commissioner
The U.S. Senate voted on Jul. 10 to confirm the appointment of Bitfury, a cryptocurrency infrastructure provider, as the head of the U.S. Monetary Authority(OCC). In February, U.S. President Donald Trump submitted a confirmation bill to appoint Jonathan Gould, the former head of Bitfury, as the head of the OCC. The Senate approves the confirmation bill, and Jonathan Gould will serve a five-year term as the head of the OCC.

3. Signum "U.S. Seeks to Extend Dollar Status Through Stablecoins"
In a report published by digital asset banking group Signum on Jul. 10, it pointed out that the U.S. government is aiming to extend dollar hegemony through stablecoins. Signum explained that the U.S. dollar is aiming to strengthen its status through stablecoins due to the use of stablecoins, recognizing that the U.S. dollar has weakened its status as a world reserve currency.

권승원 기자 ksw@blockstreet.co.kr