| DAEM Latest Updates |
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| Market Overview |
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Crypto market trading volume increased to $88.89 billion over the past week. Bitcoin prices decreased by 2.87% over the week to trade at $65,478 on Wednesday. Ethereum prices increased by 1.93% for the week to $3,581 on Wednesday.
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| New South Korean law requires exchanges to regularly review token listings |
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According to a report in The Korea Times, South Korea will implement a law on virtual asset user protection by July 19 2024.
The new law imposes significant criminal punishments and fines for violations. This includes a fixed-term jail sentence of more than one year or a fine of three to five times the amount of illegal profits. Under the new law, all 29 registered crypto exchanges must review the more than 600 crypto tokens listed on them.
The South Korean financial regulator, the Financial Service Commission (FSC), has notified 29 registered crypto exchanges, including Upbit, Bithumb, Coinone, Korbit and Gopax, to regularly evaluate the tokens listed on their exchanges and whether to continue supporting their trading.
The law would require crypto exchanges to follow stricter review guidelines for token listings and review existing listed tokens every six months to ensure they meet the new guidelines. After the initial review, exchanges must conduct maintenance reviews every three months.
(Source: Cointelegraph)
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| Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck |
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The Australian Securities Exchange has approved the listing of its first spot-bitcoin ETF.
The fund primarily acts as a 'feeder fund' employing a passive management strategy, the product disclosure statement said.
The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, has approved its first spot-bitcoin {BTC} exchange-traded fund (ETF), according to a blog from the issuer VanEck.
"The fund primarily acts as a 'feeder fund' employing a passive management strategy, the product disclosure statement said. The fund will provide investors exposure to bitcoin by investing in the VanEck Bitcoin Trust ('HODL') which is a United States ETF listed on the Cboe BZX Exchange, Inc (Cboe).
Australia-based Monochrome Asset Management's Monochrome bitcoin (BTC) ETF (IBTC) won approval from Cboe Australia exchange, the smaller rival of ASX. The company said that the product was the first and only ETF that holds bitcoin directly in Australia.
(Source: Coindesk)
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| ixCrypto Index Series |
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Affected by overall crypto sentiment and volatility, ixCrypto Index was closed at 12,177 points on Wednesday, down 3.4% for the week; ixBitcoin Index was closed at 15,745 points, down 2.8% for the week; ixEthereum Index was closed at 29,833 points, down 0.7% for the week; ixCrypto Stablecoin Index was closed at 999.93. ixBitcoin SP Index down 2.8% over the week while ixEthereum SP Index down 0.7% over the same period.
| Index | Index Level
(as of 2024-06-19) | Weekly % Change |
| ixCrypto Index | 12177 | -3.4% (-434) |
| ixBitcoin Index | 15745 | -2.8% (-453) |
| ixEthereum Index | 29833 | -0.7% (-210) |
| ixCrypto Stablecoin Index | 999.93 | +0.02652% (+0.26514) |
| ixBitcoin SP Index | 65186 | -2.8% (-1873) |
| ixEthereum SP Index | 3472 | -0.7% (-24) |
Note:
3 ixCrypto Benchmark indexes are rebased to have same base date and level (Base value is 1000 and base date is 3 Dec 2018) for the purpose of easy comparison. The Spot Price Index series provides a single price for the market at every 5 second interval real-time, USD-equivalent spot rate for the most representable coins in the world. Each of the 5-second interval disseminated indexes is an average price of the coin in 10 exchanges which will be reviewed quarterly. They are designed for mark-to-market use.
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| Top 5 Weekly Best Performers |
| Coins | Price | 7 Days Change |
 Helium | $3.51 | +4.82% |
 Toncoin * | $7.19 | +4.18% |
 XRP * | $0.49 | +3.24% |
 Ethereum * | $3,517.40 | +1.20% |
 BNB | $591.26 | -0.47% |
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| Top 5 Weekly Worst Performers |
| Coins | Price | 7 Days Change |
 Akash Network | $2.76 | -32.67% |
 Stacks | $1.65 | -22.33% |
 Sei | $0.35 | -20.90% |
 NEAR Protocol * | $4.80 | -19.04% |
 Theta Network | $1.45 | -18.37% |
Note:
* IXCI Constituents
Above data is based on the top 50 crypto coins by market cap
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| About US |
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IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The company's mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
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| About DAEM |
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The Digital Asset Exchange Machine (DAEM) is the first next generation De-Fi ATM installed with post quantum computing security. The machine enables the exchange between cash and digital assets (cryptocurrencies, real asset backed tokens, and security tokens). DAEM Technology aims to build the best next generation digital asset financial framework, targeted to facilitate exchange between traditional assets and digital assets. The whole system is truly decentralized, meaning the savings of the customers are all on the blockchain but not in the machine. The machine is also prepared with a full set of KYC function for future regulatory adoption. Every transaction here is tri-protected by network security, time protected token (example OTP) and a patented encryption technology from a Canadian partner IronCAP which supercomputer cannot hack.
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| About ixWallet |
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ix Wallet is a decentralized digital asset wallet launched by ixFintech Group together with DAEM. Users can easily manage their digital assets and conduct transactions through the wallet APP. All user assets are stored on the blockchain similar with DAEM. In addition, ixFintech has cooperated with two overseas technology companies to apply their patented digital ID verification solutions and post-quantum encryption technology to the ixWallet, and build the e-wallet of choice to move in line with the world digital asset development and customer demand.
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