What Happened Last Night···October 15 Cryptocurrency Morning News
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1. Bitcoin Breaks Through $66,000 Amid 'Uptober' Expectations
Bitcoin (BTC) broke through $66,000 on the 15th amid 'Uptober' expectations. Bitcoin surged sharply during the day on the 14th, based on expectations of additional economic stimulus measures announced by the Chinese government over the weekend and the U.S. presidential election results. It continued to rise further based on the liquidation of short (bearish) bets in the futures market, and rose about 5.5% on the 15th amid bullish market sentiment.
2. Harris Officially Announces Cryptocurrency Support Pledge on Website: "Will Protect the Market"
Kamala Harris, the Democratic candidate for the upcoming U.S. presidential election in November, unveiled a cryptocurrency support pledge on her official campaign website on the 14th. The Harris campaign stated in the 'Opportunity Economy' section that it will establish a federal-level cryptocurrency regulatory framework to protect cryptocurrency investors and the cryptocurrency market.
3. Buterin: Ethereum Validator Threshold to be Lowered from 32 ETH to 1 ETH
Vitalik Buterin, the founder of Ethereum, announced through an official blog post on the 14th that the minimum Ethereum (ETH) holding requirement for Ethereum network validators will be lowered from the current 32 ETH to 1 ETH. Buterin explained that the existing 32 ETH threshold, set to ensure Ethereum network security, has limited the participation of small-scale Ethereum validators, and that lowering the threshold to 1 ETH will achieve greater decentralization of the Ethereum network.
4. Solana's Total Value Locked Surpasses 8 Trillion Won in 29 Months
Solana's total value locked (TVL) in its network exceeded 40.7 million SOL, or about $60 billion (approximately 8.154 trillion won), on the 14th, marking an all-time high. Solana's TVL has reached a new high since January 2022, driven by the surge in DeFi activities on the Solana network, particularly the popularity of the decentralized exchange 'Radium' and Solana-based meme coins.
5. Mt. Gox "Postpones Creditor Repayments to January 2024"
Mt. Gox, which filed for bankruptcy in 2014, has applied to extend the deadline for debt repayment. The trustee in charge of Mt. Gox's debt repayment cited 'logistical challenges' in the rapid repayment to creditors, and announced that the debt repayment will be extended until October 2025.
6. UAE Announces First Approval of Issuing Stablecoin
The Central Bank of the United Arab Emirates (CBUAE) announced on the 14th that it has given in-principle approval for a dirham-pegged stablecoin issued by Al Maryah Bank, with the aim of simplifying payment processes between businesses and individuals in the UAE. Al Maryah Bank must now obtain official approval from CBUAE before circulating the dirham-pegged stablecoin in the UAE.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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