FameEX Morning Crypto News Recap | October 22, 2024

Bitcoin Consolidates Near All-Time Highs with 320,000 Active Addresses Engaged

IntoTheBlock reported on X that Bitcoin is consolidating near its historical highs, with over 320,000 active addresses in this price range. Of these, 220,000 addresses purchased at an average price of around $68,500, suggesting strong interest and potential support at this critical level.

Harris Team Considers SEC Chairman Candidates, Including Brummer and Williams

Sources revealed that Vice President Kamala Harris' transition team is considering candidates to replace SEC Chairman Gary Gensler. The potential successors are Georgetown Professor Chris Brummer and PCAOB Chair Erica Williams, both of whom are reportedly more favorable towards cryptocurrencies like Bitcoin compared to Gensler.

BIS Report: Major Financial Institutions Test Tokenized Deposits

A BIS report highlighted that major financial institutions are piloting tokenized deposits to enhance settlement efficiency and programmability. Tokenization offers benefits like reduced transaction costs and faster processing. However, central banks are closely monitoring governance, legal, and liquidity risks associated with tokenized assets.

Magic Eden and OpenSea Each Reach 1.35 Million Users

On October 21, data from nftpulse revealed that NFT trading platforms Magic Eden and OpenSea each reached 1.35 million users over the past year, holding 28.5% and 28.4% of the market share, respectively, showing comparable user engagement.

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

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

Musk Talks Cryptocurrency and Personal Freedom at Town Hall Meeting

On October 21, at a town hall meeting in Pittsburgh, Elon Musk stated that while he wouldn't discuss specific cryptocurrencies, he believes that cryptocurrency can play a role in enhancing 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.