Ethereum, which has doubled in a month, will it rise further?
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The "Coin Digging," which was released on the Chosun Ilbo's economic YouTube channel "Joseon Ilbo Money" and the Chosun Dotcom website at 5 p.m. on the 11th, was hosted by reporter Bang Hyun-chul, vice president of economics and vice president of TechM Lee Soo-ho, a talk show. Coin Digging' is a talk show that examines recent trends and response strategies in the global virtual currency, cryptocurrency, and coin markets with experts.
[Check the coin market outlook video] : https://youtu.be/jSxLzRzosyU
Vice President Lee Soo-ho pointed out three notable points in the recent coin market: "Firing NFT (Non-Alternative Token) trading market," "When is the Ethereum September update?" and "U.S. coin institutionalization imminent?" The day also examined the impact of this situation on the global coin market amid the possibility of a U.S. inflation peak. U.S. consumer price growth was 8.5 percent in July, sharply lower than the previous month's 9.1 percent and lower than Wall Street's forecast of 8.7 percent, raising the possibility of an inflation peak in the U.S.
The first is the 'firing NFT trading market'. Despite the weak coin market this year, major domestic companies have recently reached out to the NFT ecosystem, drawing attention. KT is planning to start the official service of the NFT platform 'Minkle' in August. KT's entertainment content subsidiaries are expected to be utilized in large numbers. It is also said that NFTs of KT Wiz players, a baseball team run by KT, will be issued here. SK Telecom released a test version of the NFT exchange Top Boat on the 3rd, and preparations for related services are in full swing. At the same time, SK Telecom announced its plan to apply NFT in conjunction with its own coin to E-friend, a metaverse service. LG U+ is also selling NFTs made with its character "Mooner" to the global NFT trading platform "OpenC." In addition, many of Korea's leading conglomerates, including Samsung Electronics, Hyundai Motor, and Shinsegae Group, are already building fandom communities through NFT.
Second, 'When will the Ethereum September update be?' Vitalic Buterin, the founder of Ethereum, the world's second-largest coin, recently visited Korea and participated in blockchain events. Buterin visited Korea directly because the Korean market has a considerable proportion in terms of Ethereum's overall developers, investors, and ecosystems. It also seems to be aimed at appealing for support from Korean developers and investors for Ethereum's update, which was announced in September. The Ethereum update scheduled for September is called "Mudge," which means to expand the utilization of Ethereum. It is to popularize Ethereum, which only coin investors understand. However, there are many forces that oppose the update, including Ethereum miners. It remains to be seen whether the actual update will be completed perfectly and how the confrontation between the Ethereum camps will flow after the update.
Third, 'imminent coin institutionalization in the United States coin institutionalization. While regulations on digital assets in the U.S. are in full swing, a full-fledged investigation has begun on coin exchanges and listed coins. According to Forbes and other foreign media, about 40 U.S. coin exchanges have recently been on the list of investigations, and many of them are expected to be investigated for money laundering. Meanwhile, the U.S. Securities and Exchange Commission (SEC) defined nine virtual assets as "securities" on the 21st of last month and is checking whether they are removed. Coins with securities properties, not products, cannot be issued recklessly without permission from US regulators. The Korean government also announced its plan to apply different regulations this month by dividing coins into securities and non-securities types. We need to pay attention to how coin institutionalization will proceed in the future.
