CoinNess.com Market Surveillance June 21: BTC Trading Above $9700
As of 11:00 (UTC) on June 21, the global index of Bitcoin (BTC) remains the $9,700 level, marking $9,785.20 with an increase of 5.78% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with four indicator sending out a selling signal, none showing a neutral signal, and 14 indicating a buying signal. 
The broad market is yet to chime in with BTC's uptrend, with 67 out of Top 100 cryptos by market cap rising. 
The global market cap reads $301.81 billion, and the 24-hour trading volume is $66.43 billion.
Major Coins
1. BTC quotes show 9,752.00 USDT on Binance, $9,796.70 on Bitfinex, and $9,783.05 on Coinbase Pro;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $288.93 (+7.81%);
XRP marks $0.442 (+3.84%);
LTC marks $139.86 (+3.59%);
BCH marks $436.36 (+6.75%);
EOS marks $7.09 (+5.02%);
ETC marks $8.74 (+3.63%). 

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1. Crypto Voices tweeted, "Global Base Money UPDATE: @$8,940, #bitcoin is larger than South Korea's monetary base (2019 Q1 won value). This means Bitcoin's monetary system is now the *9th* largest currency in the world, #11 if you count gold & silver. Full update will follow in CV 2019 Q2 update."                                                                        
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2. June 21 marks the first day of trading for the Grayscale Ethereum Trust, now publicly-quoted security on OTC Markets under the symbol: ETHE. 
Launched by Grayscale in 2017, ETHE is an open-ended trust that holds Ethereum. Following Financial Industry Regulatory Authority (FINRA) approval for public quotation and The Depository Trust Company (DTC) eligibility, ETHE is now publicly quoted on the OTC Markets. Eligible accredited investors and institutional investors can continue to invest in the Grayscale Ethereum Investment Trust at NAV.
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3. The biggest U.S. banks have a chance to get in on the new cryptocurrency spearheaded by Facebook Inc.
The association behind the Libra coin is in talks with the banks to participate in its governing body, according to a person familiar with the matter. The person didn’t specify which banks were in talks.
“We’d take a look at it,” Citigroup Inc. Chief Executive Officer Michael Corbat said on June 20 at a conference in response to a question about whether his bank would join the association if asked. Facebook “did not approach us” ahead of the launch, he said.
Dante Disparte, the head of policy and communication for the Libra Association, said the group is in touch with banks both in the U.S. and abroad that he declined to identify. Libra wants big lenders involved as founding members and as banking partners to help hold and manage its currency reserve, he said.
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1. Citing news from jin10.com, Bitmain may resume its IPO plan, with an IPO in the U.S. as early as in July.
The source said that Bitmain is working with advisers to prepare the IPO, with plans to file its listing documents to the U.S. SEC as soon as next month. Besides, Bitmain could raise about $300 million to $500 million through the IPO, but has yet to determine the financing scale. The disscussion on IPO is still at an early stage, with details still subject to change. 
The representative of Bitmain refused to make comments.

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2. At 06:20:11 UTC, June 21, China-based security firm Beosin's risk-control platform, Beosin-Eagle Eye, monitored that an account, larry5555555, created one billion fake EOS and sent them to numerous accounts (pandoras1111, pandoras.e, etc.).
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Question: 

What Is FAFT?

Answer:
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a "policy-making body" which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
The FATF will be publishing a note on June 21, the purpose is to shed some light in clarity, of how some of its member nations should be implementing regulatory oversight on their native cryptocurrency sectors.
A spokesperson from the FATF, Alexandra Wijmenga Daniel, detailed that the organization's note would address various businesses which primary dealings are in crypto assets and issued tokens, including but not limited to cryptocurrency hedge funds, wallet providers, exchange platforms and much more.