FameEX Morning Crypto News Recap | October 22, 2024

Bitcoin Holds Near All-Time Highs with 320,000 Active Addresses Involved

IntoTheBlock reported that Bitcoin is consolidating near its historical highs, with over 320,000 active addresses in this range. Notably, 220,000 of these addresses bought at an average price of $68,500, indicating strong interest and potential support around this key level.

Harris Team Reviews SEC Chairman Candidates, Featuring Brummer and Williams

Sources indicate that Vice President Kamala Harris' transition team is reviewing candidates to replace SEC Chairman Gary Gensler. The leading contenders are Georgetown Professor Chris Brummer and PCAOB Chair Erica Williams, both reportedly more supportive of cryptocurrencies like Bitcoin than Gensler.

BIS Report: Leading Financial Institutions Pilot Tokenized Deposits

A BIS report reveals that major financial institutions are testing tokenized deposits to improve settlement efficiency and programmability. Tokenization provides benefits such as lower transaction costs and faster processing. However, central banks are focusing on managing governance, legal, and liquidity risks related to these assets.

Magic Eden and OpenSea Both Achieve 1.35 Million Users

Data from nftpulse on October 21 showed that NFT platforms Magic Eden and OpenSea both reached 1.35 million users over the past year. They held market shares of 28.5% and 28.4%, respectively, indicating similar levels of user engagement.

Hong Kong Treasury Bureau to Release AI Policy Statement for Financial Markets

Paul Chan, Director of Hong Kong's Financial Services and Treasury Bureau, announced at the Standard Chartered Business Achievement Awards 2024 that a policy statement on the application of artificial intelligence in financial markets will be released soon.

Musk Addresses Cryptocurrency and Personal Freedom at Town Hall Meeting

At a town hall meeting in Pittsburgh on October 21, Elon Musk remarked that, although he wouldn't comment on specific cryptocurrencies, he believes they have the potential to enhance personal freedom.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​