Bitcoin Market Share Rises to New High Since April 2021 | Cryptocurrency Trends

● Stéphanie Cabossioras resigns from her position as managing director of Binance France.

● Coinbase launches perpetual futures trading through the Coinbase Advanced platform for eligible non-US retail investors.

● Binance announces that it will delist the following spot trading pairs:

October 20, 1:00 PM (GMT+8): 14 pairs, including ADX/BUSD, AMP/BUSD, AR/BUSD, and BADGER/BUSD.

October 20, 3:00 PM (GMT+8): 14 pairs, including IOTA/BUSD, JOE/BUSD, KNC/BUSD, MBOX/BUSD, and MINA/BUSD.

● Binance to list STPT 50 X USDT-M perpetual futures on October 18, 10:30 PM (GMT+8) and WAXP 50X USDT-M perpetual futures on October 18, 10:45 PM (GMT+8).

● Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC+8)

Bybit:

JEFF — October 19, 10:00 AM

KuCoin:

NTRNF — October 18, 10:00 AM

Bitget:

ZTX — October 18, 6:00 AM

● Federal Reserve Bank of New York President John Williams says that rates will need to stay high for a while but that "at some point it will make sense to start reducing interest rates again". He also notes that Fed officials forecast that rates will fall next year.

● U.S. SEC Chairman Gary Gensler says the SEC is still weighing proposals for a Bitcoin spot ETF.

● Standard Chartered plans to start providing BTC and ETH custody services for institutional clients in Dubai in Q1 2024.

● A giant whale address sold 13,871 ETH into 21.87 million USDC (at an average price of US$1577) on October 18.

● DeFi protocol ether.fi announces the launch of eETH, a liquid staking token (LST) that allows users to generate yields by staking Ethereum (ETH).

● Celestia airdrop claims close with a total of 191,391 claiming addresses. Participants are expected to receive TIA directly in their mainnet wallets in the coming weeks.

● Bitcoin's market share rose to a new high since April 2021, at around 49.31%.

● Forge, a gaming startup, raises US$11 million in seed round funding led by Makers Fund, Bitkraft Ventures, and Animoca Brands.

● Elixir Protocol, a DeFi protocol, raises US$7.5 million in Series A funding at a US$100 million valuation.

● According to a report released by the Federal Deposit Insurance Corporation (FDIC) Office of Inspector General on October 18, years of crypto market volatility could affect financial institutions, and ultimately, the FDIC's mission. The report states that "the FDIC has not yet completed a risk assessment to determine whether the Agency can sufficiently address crypto asset-related risks through actions such as issuing guidance to supervised institutions".

● The European Central Bank's (ECB) Occasional Paper (OP) suggests that DAOs need a comprehensive regulatory framework if they are to have a place in the future of the financial sector.