FameEX Morning Crypto News Recap | October 29, 2024

Central Banks Intensify Bitcoin Research Efforts

In recent years, central banks and financial institutions globally have increased their research on Bitcoin, examining its potential effects on monetary policy. Organizations such as the Minneapolis Fed, the European Central Bank (ECB), and the International Monetary Fund (IMF) have published studies indicating that the disruptive nature of Bitcoin and other cryptocurrencies may challenge central banks' traditional roles in economic management.

Blockdaemon Forecasts Breakthrough in US Digital Asset Regulation by 2025

Blockdaemon's latest research report suggests that significant advancements in digital asset regulation are expected in 2025 as the 2024 US presidential election nears. The report highlights two pivotal regulatory policies currently in the legislative pipeline: the repeal proposal for SAB 121 and the "Financial Innovation and Technology Act for the 21st Century" (FIT21).

HKEX Set to Launch Virtual Asset Index Series on November 15

Hong Kong Exchanges and Clearing Limited (HKEX) is set to launch a series of virtual asset indices on November 15, providing benchmark prices for Bitcoin and Ether. This initiative aims to offer transparent and reliable pricing to assist investors with informed decision-making and foster the growth of the virtual asset ecosystem.

South Korea's Altcoin Trading Volume Lags as Bitcoin Market Awaits New Momentum

Matrixport's latest report highlights that although South Korea is typically active in altcoin trading, current volumes remain low with little chance of a significant rebound soon. The report suggests that the upcoming U.S. presidential election next week could serve as a crucial catalyst for injecting new momentum into the market.

Solana's Market Value Overtakes PayPal, Ranks 252nd Among Global Assets

Marketcap data reveals that Solana's market value has increased by 2.35% in the past 24 hours, reaching $83.63 billion. This surge has pushed Solana's market value above that of payment giant PayPal, which stands at approximately $83.52 billion, positioning Solana as the 252nd largest asset globally by market value.

Metaplanet Rises to Become Asia's Second-Largest Corporate Bitcoin Holder

Metaplanet's recent acquisition of Bitcoin has positioned it as the second-largest corporate Bitcoin holder in Asia, only behind Boyaa Interactive International with 1,100 BTC. This latest purchase has pushed the Japanese investment firm's total Bitcoin holdings to over 1,000 BTC, valued at approximately $68 million, marking a significant milestone in its investment strategy.

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