Crypto Weekly Review: 2023.10.02-2023.10.08
Regulation is moving towards clear goals:
The International Monetary Fund is considering regulating cryptocurrencies to reduce the overall risk of cryptocurrencies.
McHenry’s leadership role in the U.S. House of Representatives could have a positive impact on the pending cryptocurrency bill that will be voted on next month.
Cryptocurrencies are strictly regulated in the UK, but it seems to be considered a sign of regulatory transparency.
CEX is quietly striving for more licenses.
The FTX case that triggered the crypto collapse is in court, Celsius is also applying for reorganization, and the scars of the bear market are scabbing one by one.
ETH price is affected by many aspects and its performance is average:
ETH futures were launched, and the trading volume was not large. Because it had no impact on the spot price, the price did not change much. The deserted ETH on the chain has begun to inflate, and the Cancun upgrade date has not yet been determined. The final test may be completed before mid-November.
The core members of ETH verbally criticized lido, which will lead to the centralization of ETH staking, which will bring risks to ETH, and they are preparing to upgrade in Cancun to slow down the staking rate. LSD may be in the cold due to this. Personal opinion: Just like raising interest rates and U.S. debt is to reduce currency circulation in the market, Ethereum staking also has this consideration. The capital efficiency that LSD brings to staking also brings difficulties to ETH's expectation that staking will reduce circulation and raise prices. The core members of ETH underestimated the impact of LSD and hoped to slow down the development of LSD in order to better "lead" ETH to start outputting.
AI not only brings imagination to the world, but also exports a huge amount of stitched information to the world, making it difficult for people to distinguish true from false. Encryption technology is making efforts to verify the real world—Don't Trust, Verify
The NFT market is working hard for a better creative environment. After experiencing no one paying attention, the market has begun to extract the essence of NFT and develop towards IP.
Security incidents occurred frequently this week, and multiple projects were attacked. After link released CCIP, its adoption continued to increase, forming a bottom-level cross-chain competition with layer zero.
The meme community remains dynamic in the bear market. In addition to price fluctuations, memes may also be advancing in spiritual identity.
all content:
https://mirror.xyz/lightsa.eth/oCtKvf5TvXlgwIIbelZWDDLlp6JPLo_qnb_jEHHqfRs
Regulation is moving towards clear goals:
The International Monetary Fund is considering regulating cryptocurrencies to reduce the overall risk of cryptocurrencies.
McHenry’s leadership role in the U.S. House of Representatives could have a positive impact on the pending cryptocurrency bill that will be voted on next month.
Cryptocurrencies are strictly regulated in the UK, but it seems to be considered a sign of regulatory transparency.
CEX is quietly striving for more licenses.
The FTX case that triggered the crypto collapse is in court, Celsius is also applying for reorganization, and the scars of the bear market are scabbing one by one.
ETH price is affected by many aspects and its performance is average:
ETH futures were launched, and the trading volume was not large. Because it had no impact on the spot price, the price did not change much. The deserted ETH on the chain has begun to inflate, and the Cancun upgrade date has not yet been determined. The final test may be completed before mid-November.
The core members of ETH verbally criticized lido, which will lead to the centralization of ETH staking, which will bring risks to ETH, and they are preparing to upgrade in Cancun to slow down the staking rate. LSD may be in the cold due to this. Personal opinion: Just like raising interest rates and U.S. debt is to reduce currency circulation in the market, Ethereum staking also has this consideration. The capital efficiency that LSD brings to staking also brings difficulties to ETH's expectation that staking will reduce circulation and raise prices. The core members of ETH underestimated the impact of LSD and hoped to slow down the development of LSD in order to better "lead" ETH to start outputting.
AI not only brings imagination to the world, but also exports a huge amount of stitched information to the world, making it difficult for people to distinguish true from false. Encryption technology is making efforts to verify the real world—Don't Trust, Verify
The NFT market is working hard for a better creative environment. After experiencing no one paying attention, the market has begun to extract the essence of NFT and develop towards IP.
Security incidents occurred frequently this week, and multiple projects were attacked. After link released CCIP, its adoption continued to increase, forming a bottom-level cross-chain competition with layer zero.
The meme community remains dynamic in the bear market. In addition to price fluctuations, memes may also be advancing in spiritual identity.
all content:
https://mirror.xyz/lightsa.eth/oCtKvf5TvXlgwIIbelZWDDLlp6JPLo_qnb_jEHHqfRs