US SEC Approves Listing of Bitcoin Spot ETF Options on Certain Exchanges
According to reports, the US SEC has approved the applications of the New York Stock Exchange and the Chicago Options Exchange to list Bitcoin spot ETF options, which combines Bitcoin ETF options with other commodity ETFs, marking an important step in the investment of cryptocurrencies.
Bitcoin Market Cap Exceeds Ethereum by Over $1 Trillion
Glassnode analyst Checkmatey reported that Bitcoin's current market cap is now over $1 trillion higher than Ethereum's, setting a new record in the history of cryptocurrencies.
Data: Ethereum's Inflation Rate Significantly Lower Than Bitcoin and Gold
Onchain Foundation Research Director Leon Waidmann pointed out that Ethereum's annual inflation rate is around +0.31%, which is significantly lower than Bitcoin and gold. Since the Ethereum network merge, 135,000 ETH have been burned. Waidmann believes that when the real bull market begins, everyone still underestimates the upside potential of ETH.
Harris Campaign Promises to Regulate Cryptocurrencies
On October 19, the campaign team of Democratic presidential candidate Harris announced that they will launch a cryptocurrency regulation plan to protect the investments of black male voters, in order to win the support of this voter group. Dr. Emdad of Morgan State University pointed out that more than a quarter of African Americans in the US own cryptocurrencies, while this ratio is around 15% for white Americans, highlighting the importance of this crypto policy for the black community.
Brazil Central Bank Plans to Accelerate Tokenization of Assets and Stablecoin Regulation by 2025
Brazil Central Bank Governor Roberto Campos Neto's goal is to accelerate the tokenization of assets and stablecoin regulation by 2025. The bank will release a new consultation this month to collect more opinions on approving the operating rules for VASPs in the country. In addition, the bank will launch a public consultation to refine the draft on the conduct, organization and authorization processes of these entities.
BlackRock: 75% of Bitcoin Buyers are Wall Street's New Crypto Enthusiasts
BlackRock ETF head Samara Cohen revealed that 75% of Bitcoin buyers are new crypto enthusiasts on Wall Street, and most prefer to invest in cryptocurrencies through ETFs rather than directly on exchanges. BlackRock aims to highlight the advantages of ETFs to attract more crypto investors and meet the growing market demand with these tools.
