LIVEHere is a summary of the latest updates in the world of cryptocurrency on October 18, 2023:
Bitcoin's market share surges to a new high since April 2021. Bitcoin's market share has surged to a new high since April 2021, touching the mark of 49.31%. This suggests that Bitcoin is becoming increasingly dominant in the cryptocurrency market.
Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge. The Ethereum LSDFi sector, which consists of liquid staking protocols, has grown nearly 60x since January. This is due to the increasing popularity of liquid staking, which allows users to stake their ETH without losing liquidity.
Hong Kong's attitude toward crypto sours after JPEX saga. A recent survey found that 41% of respondents in Hong Kong said they prefer not to hold virtual assets or cryptocurrencies, up 12 percentage points from an earlier study. This suggests that the JPEX saga, which saw the collapse of one of Hong Kong's largest crypto exchanges, has had a negative impact on public sentiment towards crypto in the city.
Coinbase lobbying efforts face setback from Hamas' crypto use. Coinbase's lobbying efforts to get the US Securities and Exchange Commission (SEC) to approve a spot Bitcoin ETF could be hindered by the fact that Hamas has been using crypto to raise funds. The SEC is already concerned about the risks of money laundering and terrorist financing in the crypto markets.
Uniswap Foundation's proposal for $46.2 million funding nears approval. The Uniswap Foundation has proposed a $46.2 million funding round to support the development of the Uniswap protocol and ecosystem. The proposal is expected to be approved by the Uniswap community in the coming days.
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