This week, the US presidential election, a meeting of the Korean Virtual Asset Committee, and the unlocking of token lockups are scheduled.
Starting from the afternoon of November 5th (Korean time), the US presidential election voting will begin. The voting hours vary by state, and the voting will end on November 6th with Alaska being the last state. The industry expects that the election of former President Donald Trump, who is friendly to virtual assets, will affect the prices of virtual assets.
The Virtual Asset Committee under the Financial Services Commission will hold its first meeting on November 6th. The Virtual Asset Committee was established to discuss issues such as corporate virtual asset investment and the allowance of virtual asset spot exchange-traded funds (ETFs). Financial Services Commission Chairman Kim Byung-wan said on October 30th that "when the committee meets, we will discuss how to deal with the current issues going forward" and "we will actively collect opinions on when and in what order to discuss tasks including the real-name account system for corporations and the regulatory framework for stablecoins."
There is also a schedule for the unlocking of token lockups. Lockup refers to the prohibition of trading tokens for a certain period. When the lockup is lifted, the supply of tokens in the market increases, leading to a price decline. On November 6th, ADA will unlock 18.53 million ADA, which is 0.05% of the current circulating supply. On the same day, EIGEN will unlock 1.29 million of its own tokens, which is 0.69% of the circulating supply.
- Choi Jae-heon, Reporter
- chsn12@decenter.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >
