);)
Tesla transferred about 11,500 BTC from its company wallet to an unknown wallet on the 16th, causing concerns about large-scale BTC sell-offs in and out of the market. The amount of BTC transferred by Tesla to another wallet is about $760 million (about 1.037 trillion won).
2. Number of Ethereum validators increases by 30% in a year
Due to the institutional adoption of Ethereum (ETH), the number of Ethereum network validators has increased by 30% in a year, exceeding 1 million as of October 2024, according to a report by on-chain analysis platform Flipside Crypto. The report said that the proportion of liquidity staking and re-staking within the Ethereum network has increased significantly due to the active participation of institutions in staking, and the amount of Ethereum staked has exceeded 34.7 million.
3. Italy considers raising capital gains tax on cryptocurrencies from 26% to 42%
The Italian government is considering raising the capital gains tax on cryptocurrencies from 26% to 42%. According to the government's budget plan announced at the cabinet meeting on the 16th, the Italian Ministry of Economy is considering abolishing the minimum income requirement for corporate cryptocurrency investments and raising the capital gains tax on investment income by about 16%. Currently, Italy imposes cryptocurrency taxation on companies that earn at least 5.5 million euros (about 81.52 billion won) or more from cryptocurrency investments.
4. Thailand's largest bank announces support for stablecoin remittances
Siam Commercial Bank (SCB), Thailand's largest bank, announced on the 16th that it has partnered with fintech company Lightnet to provide international remittance services using stablecoins from today. SCB said in an official statement that it will support 24/7 stablecoin international remittance services and will not impose any special requirements on service customers.
5. 'Pro-Ripple' lawyer John Deaton clashes with 'anti-cryptocurrency' Warren for Senate seat
Lawyer John Deaton, who is pro-Ripple, had his first debate with Senator Elizabeth Warren, who is anti-cryptocurrency, on the 16th for the Massachusetts Senate seat. Deaton argued for financial innovation through cryptocurrencies and the damage done to the US economy by traditional banks, while Warren said she is not against the cryptocurrency industry and will establish an appropriate regulatory framework to protect the cryptocurrency industry if elected to the Senate.
