FameEX Cryptocurrency Daily Morning News October 22nd 2024

Coin World News Report:


The number of active addresses for Bitcoin approaches historical highs
According to reports, the price of Bitcoin has been consolidating near its historical highs, with approximately 320,000 active addresses within this price range. Among these addresses, 68.75% hold Bitcoin at an average price of $68,500, indicating strong buying interest and support at this price level.
Brummer and Williams may become potential candidates for the SEC chairmanship in Harris’s team
Sources reveal that Vice President Kamala Harris’s transition team is considering potential candidates to replace the current SEC chairman, Gary Gensler. The potential candidates include Chris Brummer, a professor at Georgetown University, and Erica Williams, the chair of PCAOB. Both individuals are relatively supportive of cryptocurrencies such as Bitcoin.
BIS Report: Major financial institutions worldwide are testing tokenized deposits
A report from the Bank for International Settlements (BIS) states that major financial institutions worldwide are testing tokenized deposits to enhance settlement efficiency and programmability. Tokenization of assets offers advantages such as reducing transaction costs and accelerating processing speed. However, central banks are closely monitoring the governance, legal, and liquidity risks associated with tokenized assets during the testing phase.
Magic Eden and OpenSea have both surpassed 1.35 million users
Data from nftpulse on October 21st shows that NFT trading platforms Magic Eden and OpenSea have both surpassed 1.35 million users in the past year, accounting for 28.5% and 28.4% of the market share, respectively.
Hong Kong Monetary Authority to issue policy statement on the use of artificial intelligence in financial markets
Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, announced at the Standard Chartered Bank 2024 Business Achievement Awards that the authority will soon release a policy statement regarding the use of artificial intelligence in financial markets.
Musk expresses that cryptocurrencies can strengthen personal freedom during city hall meeting
On October 21st, during a city hall meeting in Pittsburgh, Elon Musk stated that although he wouldn’t discuss specific cryptocurrencies, he believes that cryptocurrencies can better strengthen personal freedom.
Disclaimer: The information provided in this section is for reference purposes only and does not represent any investment advice or the official views of FameEX.