Tesla’s bitcoin holdings unchanged Ethereum ICO investors make large deposits into Kraken | Summary of important bulletins on the morning of the 20th


Summary of important breaking news on the morning of the 20th

This is a summary of notable news related to virtual currency until the morning of Japan time.

Tesla Bitcoin holdings unchanged (Attention: ★★★★☆)

US Tesla announced its second-quarter financial results after the close on the 19th. There was no change in his bitcoin holdings.

According to data, Tesla’s bitcoin holdings were worth $184 million at the end of the second quarter. Tesla bought $1.5 billion worth of Bitcoin at the time in the first half of 2021, but sold 30,000 BTC, worth 75%, by July 2022.

In the financial results for 2Q (April to June), both earnings per share and sales exceeded expectations, but profitability declined. Revenue rose 47% to $24.9 billion, compared to market expectations of $24.5 billion. The operating margin was 9.6%, marking the third straight quarter of decline. The gross profit margin was lower than expected, and the production volume forecast for the full year remains unchanged at 1.8 million units. On the other hand, the number of deliveries reached a record high of 466,140 units.

connection: What is the reason why US listed company Micro Strategy continues to buy Bitcoin in large quantities?

Mass deposit to ETH Whale Kraken (Attention: ★★★★☆)

It was revealed that 61,216 ETH ($115 million) was transferred from the wallet of an early investor in Ethereum (ETH) to US cryptocurrency exchange Kraken.

Remittance occurred around 8:30 on the 19th Japan time. This wallet is believed to have participated in the 2014 Ethereum ICO.

Normally, there is a fear that large deposits to exchanges will lead to selling pressure, but this time it seems likely that it was done to use Kraken’s ETH staking.

24th BNB Burn (Attention: ★★★☆☆)

BNB Chain conducted its 24th quarterly token burn on the 19th.

This time, 1,991,854.33 BNB ($480 million) was destroyed and removed from circulation.

Nasdaq cancels cryptocurrency custody plan (attention: ★★★☆☆)

The CEO of major U.S. stock exchange Nasdaq announced at an earnings call on Wednesday that it is canceling plans to launch a cryptocurrency custody service.

Originally scheduled to launch in the second quarter, CEO Friedman said, “Given the changes in the business and regulatory environment in the United States, we have decided to suspend our efforts to launch a U.S. crypto custodian business and obtain related licenses this quarter.”

The Nasdaq announced its plans last July and was waiting for licensing approval from the New York Financial Services Authority by the end of June this year, the people said.

Invested $30 million in Solana Foundation and Polygon Cosmic Wire (Attention: ★★★☆☆)

A Web3 infrastructure company called Cosmic Wire has raised $30 million in a seed round led by the Solana Foundation and Polygon.

Cosmic Wire provides technologies such as 3D building tools for building worlds and artificial intelligence-based avatars for creating metaverses. Also included in its product line are many blockchain solutions such as analytics, digital identity management, smart contract development tools, and one blockchain agnostic marketplace.

“Cosmic Wire’s Metaverse SDK solution significantly accelerates development time for browser-based, high-fidelity 3D Metaverse experiences by integrating physical Web3 digital products, content CDNs (content delivery networks), payment solutions, and avatar UGC (user-generated content) e-commerce,” said Johnny Lee, Games and Entertainment Manager at the Solana Foundation, in a press release.

List of major economic indicators after this week (Attention: ★★★★☆)

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