FameEX Morning Crypto News Recap | October 29, 2024

Central Banks Ramp Up Research on Bitcoin

Recently, central banks and global financial institutions have intensified their research on Bitcoin and its implications for monetary policy. Studies from the Minneapolis Fed, the European Central Bank (ECB), and the International Monetary Fund (IMF) suggest that Bitcoin's disruptive potential could challenge the traditional economic management roles of central banks.

Blockdaemon Anticipates Major Advancements in US Digital Asset Regulation by 2025

Blockdaemon's recent research report anticipates significant advancements in US digital asset regulation by 2025, influenced by the upcoming 2024 presidential election. The report identifies two crucial policies in the legislative process: the repeal proposal for SAB 121 and the "Financial Innovation and Technology Act for the 21st Century" (FIT21).

HKEX to Introduce Virtual Asset Index Series on November 15

On November 15, Hong Kong Exchanges and Clearing Limited (HKEX) will launch a series of virtual asset indices that will offer benchmark prices for Bitcoin and Ether. This move is designed to provide transparent and reliable pricing to aid investors in making informed decisions and to support the development of the virtual asset ecosystem.

Altcoin Trading Volume Stalls in South Korea While Bitcoin Market Seeks Fresh Momentum

Matrixport's recent report notes that despite South Korea's usual activity in altcoin trading, current trading volumes are sluggish with minimal prospects for a significant rebound. The report indicates that the forthcoming U.S. presidential election could be a key catalyst for revitalizing market momentum.

Solana Surpasses PayPal in Market Value, Climbs to 252nd in Global Rankings

Marketcap data indicates Solana's market value has risen 2.35% in the last 24 hours to $83.63 billion, surpassing payment giant PayPal's market value of approximately $83.52 billion. This growth places Solana as the 252nd largest global asset by market value.

Metaplanet Ascends to Asia's Second-Largest Corporate Bitcoin Holder

Metaplanet's latest Bitcoin purchase has elevated it to the position of Asia's second-largest corporate Bitcoin holder, trailing only Boyaa Interactive International, which holds 1,100 BTC. The Japanese investment firm now boasts over 1,000 BTC in its portfolio, valued at roughly $68 million, highlighting a significant milestone in its investment approach.

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