What happened last night...Cryptocurrency morning news for October 23rd

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Graphic = Reporter Park Hye-soo
Graphic = Reporter Park Hye-soo
1. SEC Chairman "We will continue to enforce regulations on the cryptocurrency market"
In an interview with Bloomberg on the 22nd, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), revealed that the SEC's enforcement stance on the cryptocurrency market will remain unchanged. Appearing in a Bitcoin documentary produced by Bloomberg, Gensler emphasized that the SEC will continue its regulatory stance of strict enforcement on the cryptocurrency market. Meanwhile, he refused to comment on the possibility of his dismissal as SEC chairman following the election of former President Trump.

2. Avalanche launches 'Cryptocurrency Payment' Avalanche Visa Card
Avalanche announced on the 22nd through its official X account that it has launched a cryptocurrency payment card in collaboration with Visa. The Avalanche Visa Card allows payments in cryptocurrencies such as ▲USDC ▲Wrapped Avalanche (WAVAX) ▲Benqi Liquid Staked Avalanche (sAVAX), and can be used at all Visa card acceptance points.

3. Arkham Intelligence "Musk still owns the BTC transferred last week"
It has been revealed that Elon Musk, who transferred about 11,509 BTC to 7 new wallets last week, causing a stir in the market, still owns the BTC. Arkham Intelligence, an on-chain analysis platform, announced in a report released on the 22nd that the movement of the transferred BTC and the new wallets also appear to belong to Elon Musk.

4. SEC "Cryptocurrency market will be the top priority for agency investigations in 2025"
The SEC announced on the 22nd that the cryptocurrency market will be the top priority for agency investigations in 2025. The SEC's notice stated that "we will investigate the provision, sale, recommendation, advice, trading and other activities related to cryptocurrency-related assets, and specifically, the Bitcoin spot exchange-traded fund (ETF) and the Ethereum spot ETF will be the targets of investigation."

Reporter Kwon Seung-won ksw@

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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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