Bitcoin computing power has dropped to the level of December 2022, which may indicate that its price has bottomed out According to CryptoQuant's data, the computing power of the Bitcoin network has dropped to a level not seen since December 2022, when the FTX crash triggered a bear market. The current real Bitcoin computing power decline is -7.6%, indicating that the Bitcoin price may have bottomed out. While other indicators such as the Bitcoin exchange reserve, Miner Holdings Index (MPI), and Bitcoin miner reserves also show low selling pressure, supporting the view of the market bottom. Capriole founder Charles Edwards pointed out that the Bitcoin computing power indicator has issued a buy signal, reflecting the slowdown in network computing power. Market analyst Will Woo said that the market will not reach new highs until weaker miners are forced to shut down. Recently, the withdrawal volume of Bitcoin miners has dropped by 90% after the halving, further indicating a reduction in selling pressure and a potential pump in Bitcoin price.

Jinse Finance reported that the global payment company BVNK announced its expansion plan in the Asia-Pacific (APAC) region. With the appointment of Anthony Man as the new general manager of the Asia-Pacific region, in May, BVNK submitted an application for the MPI (Major Payment Institution) license to the Asia-Pacific region, marking an important step for its business in the region. BVNK combines traditional payment infrastructure with distributed ledger technology (DLT) to create a modern money transfer tool that enables its customers to seamlessly send, receive and convert traditional and digital currencies in more than 61 countries.

Babbitt News, on June 7, Circle, the issuer of USDC, announced that its Circle Singapore has obtained the Large Institutional Payment (MPI) license approved by the Monetary Authority of Singapore, and can now provide digital payment token services and cross-border and domestic transactions in Singapore. money transfer service. It is reported that Crcle Singapore will officially open an office in May 2023, and in November 2022, Circle Singapore will receive the in-principle approval of MAS's major payment institution licensee.

According to PANews news on June 7, according to the official blog, Circle Singapore, a Singapore subsidiary of stablecoin issuer Circle, has obtained a large payment institution (MPI) license issued by the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services through its various products and services, including Circle Accounts which allow institutional clients to access USDC, as well as cross-border remittance services and domestic remittance services.

On June 7th, Circle, the issuer of the US dollar stablecoin USDC, announced that its Circle Singapore has obtained a major payment institution (MPI) license approved by the Singapore Monetary Authority. Now the institution can provide digital payment token services and cross-border payments in Singapore. and domestic remittance services. Crcle Singapore officially opened its office in May 2023, and in November 2022 Circle Singapore received approval-in-principle from MAS as a major payment institution licensee.