Daily View | Friday October 08

The following content is organized and provided by PlatONWorld for the purpose of spreading more information and has nothing to do with PlatONWorld’s position. The content is from a third-party platform, and the accuracy, authenticity, completeness, validity, and real-time nature of the information are not guaranteed.

【LAT】

Total issuance	Circulation	Pledge rate	Total pledge	Number of addresses
10,250,000,000	156,210,000	32.78%	1,214,085,434.21	44,619

Data source: https://scan.platon.network/

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1786	0.1453	24,655,538
BTC/USDT	54966.61	53343.03	12,734
ETH/USDT	3655.00	3505.00	3505.00

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
October 08	201	22	1	108
October 07	201	22	2	107
October 06	201	22	2	107
October 05	201	22	2	107
October 04	201	22	2	107
October 03	201	22	3	106
October 02	201	22	4	105
October 01	201	22	4	105
September 30	201	22	4	105
September 29	201	22	4	105

Data source: https://scan.platon.network/

【Industry News】

JPMorgan Chase: 3 reasons why Bitcoin has recently returned to $55,000

The US banking giant JP Morgan Chase outlined some of the key reasons behind Bitcoin’s recent rebound to a multi-month high of $55,793 in the report. Among them, “Fed Chairman Powell made it clear that the Fed has no plan to crack down on cryptocurrencies” was listed as the main factor in the recent price surge. In addition, the chairman of the US Securities and Exchange Commission Gary Gensler also stated that the agency has neither the authority nor the intention to ban digital assets. JPMorgan Chase also believes that the rapid adoption of the Lightning Network (its capacity has recently exceeded 3000 btc) has also contributed to the rebound. Finally, Bitcoin is gradually replacing gold as a hedge against inflation. Investor concerns about inflation have resurfaced, rekindling interest in using Bitcoin as an inflation hedge.

Founder of MakerDAO: The Ethereum blockchain is built for human coordination and resilience

MakerDAO founder Rune Christensen recently published a lengthy blog post highlighting the steps the platform can take to address climate change issues. The post, entitled “Case of Clean Money”, argues that the agreement should ensure that its collateral includes “sustainable and climate-related assets that take into account the long-term environmental impact of financial activities.” According to Christensen, one way to achieve this goal is to reaffirm MakerDAO’s commitment to decentralized collateral. This will be achieved by re-relying on the Ethereum blockchain and its native token Ether. The article further explained, “The Ethereum blockchain is built for human coordination and resilience. As the world is forced to deal with the effects of climate change, Ethereum will enable financial markets to coordinate mitigation, even during large-scale disasters. It will also continue to play a role.”