𝑬𝒕𝒉² 𝒄𝒓𝒚𝒑𝒕𝒐 𝒊𝒏𝒇𝒐

Iran's top crypto exchange, Nobitex, with over 6m users, faces scrutiny due to alleged ties to the Iranian government and IRGC.

U.S. sanctions have led to asset freezes and account blocks for users, pushing many towards decentralized exchanges for safer options.

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Donald Trump's tax reform plan proposes exempting about 93.2m Americans from income taxes, focusing on eliminating taxes on tips and Social Security benefits.

Trump plans to replace the income tax system with revenue from his proposed tariffs, including a universal 20% tariff on all imports, and a 60% tariff on Chinese goods.

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Cryptocurrency donations for the 2024 US election surpass $190 million.

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✖️ Ripple co-founder Chris Larsen donates $10M in $XRP to Kamala Harris.

This comes after having donated more than $11.7M in September.

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Digital asset inflows hit $2.2bn, the highest since July, driven by optimism surrounding a potential Republican win in the U.S. elections:

▪️Bitcoin led with $2.13bn in inflows, followed by Ethereum with $58m
▪️Multi-asset products saw $5.3m in outflows, breaking a 17-week inflow streak
▪️U.S. inflows totaled $2.3bn, while other regions experienced minor profit-taking

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🪙 Bitcoin Fear & Greed index reaches 72, extreme greed.

USDT and USDC now account for nearly 50% of transaction volume among major cryptocurrencies.

This emphasizes the vital role these stablecoins play in maintaining liquidity and stability within the digital asset market.

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Legal & General (L&G), managing $1.5tr in assets, is planning to enter the blockchain-based tokenization space.

The firm is evaluating ways to offer tokenized versions of its Liquidity funds, aiming to improve efficiency and expand access to investments.

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BlackRock’s ETF chief, Samara Cohen, revealed that 75% of buyers for their Bitcoin ETFs are crypto enthusiasts new to Wall Street.

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The leader of the Japan Democratic Party (DPP), Yuichiro Tamaki, promised to reduce taxes on crypto gains to 20% if elected.

Currently, crypto profits in Japan are taxed as miscellaneous income, with rates ranging from 15% to 55%, depending on income levels.

However, the DPP only holds 7 of 465 House of Representatives seats, meaning the plan could be far from fruition.

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London-based crypto services platform Blockchain.com executives face prosecution for failing to file financial reports on time, with a court date set for Nov 26.

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⭐️ Bybit released its 15th proof of reserves, showing an increase in BTC and ETH assets but a decrease in USDT.

▪️ BTC: 51.4k (+4.65% from Sept 4)
▪️ ETH: 367.5k (+4.31%)
▪️ USDT: 2.91bn (-6.94%)

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Michael Saylor hinted that companies like Apple might eventually add Bitcoin to their balance sheets.

However, he emphasized that MicroStrategy would remain unique in the market because its Bitcoin holdings form a disproportionately large part of its overall valuation.

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🪙 Bitcoin futures open interest hit a record $40.37bn as the price of BTC surpassed $69,000.

$12.43bn was on CME, while $8.25bn was on Binance, making up over half of the total open interest.

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Stripe has finalized its $1.1bn acquisition of Bridge, a platform that enables businesses to create, store, send, and receive stablecoins.

Originally valued at just $200m, this marks Stripe’s largest acquisition to date. The deal provides Stripe with the technology needed to launch, store, and integrate its own stablecoin.

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⚡️ Calendar of key events for this week:

Monday, October 21st:
🇨🇳China - the base loan rate has been reduced to 3.6%.

Tuesday, September 22nd:
- Nothing important.

Wednesday October 23rd:
🇪🇺EU - Speech by the head of the ECB K.Lagarde
🇺🇸USA - The Fed's Beige Book

Thursday, October 24:
🇺🇸USA - Initial Jobless Claims
USA - Chicago Fed National Activity (Sep)
❗️USA - Manufacturing/Services/Composite PMI (Oct-prev)
🇺🇸USA - Fed Balance Sheet

Friday, September 25th:
🇷🇺RF - Central Bank rate
🇺🇸USA - Durable Goods Orders (Sep)

🔓 TOP token unlocks from October 21 to 27!

▫️ APEX - $14.25 million
▫️ MRS - $15.60 million
▫️ ADA - $12.84 million
▫️ AITECH - $7.46 million
▫️ ID - $6.96 million
▫️ TRIBL - $6.91 million
▫️ YGG - $6.89 million