NEWSLETTER
Today in cryptography, cryptographic investors have begun to lose their speculative appetite amid increasing scams and geopolitical uncertainties. The Australian ruling government has promised actions on the cryptographic debate, as it announced a new cryptographic framework that regulates exchanges. Meanwhile, Canary Capital is looking for regulatory approval to list a fund quoted by the exchange backed by the huge penguin government form.
bitcoin's speculative appetite decreases as investors seek security
The speculative appetite is fading from cryptography markets, since investors seek investments of safer digital assets after the recent wave of memecoin scams and macroeconomic uncertainty.
bitcoin's hot supply metric, which measures bitcoin (btc) aged for a week or less, has dropped more than 50%, from 5.9% at the end of November to only 2.3% on March 20, as shown in Glassnode data.
bitcoin Metric of hot supply. Fountain: Glass node
The decrease in the metric indicates a change of investor to the safer investment positioning amid the recent market volatility, according to Ryan Lee, Chief of Bitget Research.
Australia describes the cryptographic regulation plan, promises action on debate
The Australian Government, under its center of Centro de Centro de Centro de Centro de Centro, has proposed a new cryptographic framework that regulates exchanges under existing financial services and has promised to address the debate.
It is ahead of a federal election scheduled to be held in O before May 17, which the current survey shows that a dead heat is emerging between the work of Prime Minister Anthony Albanese and the opposite coalition directed by Peter Dutton.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/kate_cooper/status/1902845375767326745″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/kate_cooper/status/1902845375767326745″>Kate Cooper
The Treasury Department saying In a statement of March 21, encryption exchanges, custody services and some brokerage firms that trade or store cryptography will be under the new laws.
The regime imposes compliance requirements similar to other financial services in the country, such as following the rules that safeguard customer assets, obtain an Australian financial services license and meet the minimum capital requirements.
The Albanese government intends to publish a draft legislation for public consultation. However, a change of government could be on the horizon with an imminent federal election, whose date has not yet been called.
Canarian files for PEGUM ETF
The asset manager, Canary Capital, has presented a list of a background listed by the exchange (ETF) that has Pechee (Pengu), the Non -Fungible Token project token token (nft) by Pudggy Penguins, as shown by the United States regulatory presentations.
The ETF is the last one of a series of presentations for new investment products in the USA. Attated to detect cryptocurrencies, including altcoins and memecoins.
According to him presentationThe ETF is intended to maintain the pengua spot, as well as several grocery penguins. It would be the first ETF in the USA. In maintaining nft if approved.
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