Daily View |Tuesday October 12

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	155,570,000	32.87%	1,218,365,525.98	44,712

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

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1361	0.1235	6,566,137
BTC/USDT	57828.20	55866.45	15,258
ETH/USDT	3621.58	3447.00	146,348

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
October 12	201	18	5	108
October 11	201	18	5	108
October 10	201	18	5	108
October 09	201	19	4	108
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

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

【Industry News】

South Korean lawmakers seek to delay crypto taxation

News on October 11th, South Korean lawmakers are trying to delay the controversial cryptocurrency investment income tax, which will be implemented on January 1, 2022. The opposition People’s Forces Party is drafting a proposal to reduce the capital gains tax on cryptocurrencies, and it is expected to submit the bill as early as Tuesday. The PPP bill proposes to postpone the taxation of crypto gains by one year to 2023 and provide more generous tax relief than the current plan. Legislators plan to amend current laws to impose a 20% tax rate on profits of 50 million to 300 million won (US$42,000-251,000), and a 25% tax rate on profits over 300 million won. This is consistent with the financial investment income tax that will be implemented from 2023.

Bitcoin fund inflows rose to a five-month high last week

With bullish sentiment returning to the Bitcoin market, funds focused on cryptocurrencies received more than double the amount of new funds last week compared to the previous week. In the week ending last Friday, the total inflow of cryptocurrency investment products was 226 million U.S. dollars, higher than the 90 million U.S. dollars in the previous week. According to a report from digital asset management company CoinShares on Monday, this jump was mainly driven by funds that focus on Bitcoin. Inflows from these funds increased to $225 million, the highest level in five months. The author of the CoinShares report attributed the increase in Bitcoin inflows to a recent statement by the chairman of the US Securities and Exchange Commission Gary Gensler, who hinted that the SEC may be willing to approve ETFs related to Bitcoin futures. Gensler also specifically stated last week that he has no intention of banning cryptocurrencies.