Daily View | Monday October 25

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	1,060,470,000	26.51%	1,224,319,960.13	45,004

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

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1506	0.1415	5,524,902
BTC/USDT	62100.00	59504.22	9,487
ETH/USDT	4145.00	3961.69	133,046

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
October 25	201	16	9	109
October 24	201	14	9	109
October 23	201	16	9	108
October 22	201	16	8	109
October 21	201	16	8	109
October 20	201	16	8	109
October 19	201	16	8	109
October 18	201	15	7	109
October 17	201	16	6	109
October 16	201	16	7	108

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

【Industry News】

JP Morgan Chase: Inflation is driving the price of Bitcoin

JPMorgan Chase published a research report last week explaining that inflation has been pushing the price of Bitcoin to historical highs, rather than the hype surrounding the first Bitcoin futures exchange traded fund (ETF) in the United States. The company noticed that investors were withdrawing from the gold ETF and entering the Bitcoin fund, and pointed out: “The flow of traffic is still intact, supporting Bitcoin’s bullish outlook until the end of the year.” Analysts at JPMorgan Chase believe that it is on its own. In other words, the launch of BITO is unlikely to trigger a new phase, that is, significantly more fresh capital enters Bitcoin. On the contrary, Bitcoin is considered to be a better inflation hedge than gold and is the main reason for the current rise, triggering the shift from a gold ETF to a Bitcoin fund since September.

President of the Bank for International Settlements: Only central bank digital currency has the highest credibility channel

On October 24, at the 3rd Bund Finance Summit hosted by the China Financial Forty Forum (CF40), Bank for International Settlements President Agustín Carstens pointed out that only central bank digital currencies have the highest possible value. Reliability, and only central bank digital currency can have central bank-level institutional support. Issuing central bank digital currency is not simple, it must be impeccable, to ensure that there are no problems in various operations, and the system must not be down, so it is also extremely difficult. From the distribution of central bank digital currency to its use in society is also very complicated, and its relationship with other payment methods is also very important. Regarding the supervision of technology giants, Carstens said that in the use of information, there is a trend of monopoly in the current market, and it is extremely necessary to supervise this. Carstens emphasized that if technology lacks supervision, it may enter a very harmful cycle, which the Bank for International Settlements calls the “DNA cycle.” If the leading enterprise in this process is not subject to the same supervision as the existing enterprise, it may seriously affect the stability of the financial system.