Daily View | Wednesday November 03

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	1073,270,000	26.26%	1,214,336,224.73	45,326

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

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.2171	0.1389	85,838,604
BTC/USDT	64243.21	60627.70	11,527
ETH/USDT	4600.00	4284.49	134,758

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
November 3	201	14	7	112
November 2	201	14	7	112
November 1	201	16	6	112
October 31	201	16	7	111
October 30	201	16	10	108
October 29	201	17	9	108
October 28	201	17	9	108
October 27	201	17	9	108
October 26	201	17	9	108
October 25	201	16	9	109

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

【Industry News】

Wall Street Journal: The Biden Administration intends to implement bank-like supervision on stablecoins

The Biden administration took its first important move on Monday to implement bank-like supervision of cryptocurrency companies involved in stable currency issuance, outlining a process that may shape the future of this digital currency. A committee led by the U.S. Department of the Treasury recommended that Congress implement a new regulatory framework around stablecoins and limit the issuers of such digital assets to banks. In view of the small difference in the numbers of the two parties in the Senate and House of Congress, this legislative requirement is a daunting task. Stable currency is a digital currency linked to the U.S. dollar and other national currencies. If Congress does not take action, the committee recommends that a broader regulatory agency responsible for detecting risks in the financial system, the Financial Stability Oversight Council, consider whether to designate certain stablecoin activities as systemically important Activity. This process may eventually lead to the Fed setting stricter risk management standards for stablecoin companies.

Development Strategy and Planning Department of the National Development and Reform Commission: Coordinating the progress of digital currency and RMB internationalization

The Department of Development Strategy and Planning of the National Development and Reform Commission issued a document “In-depth promotion of Chinese-style modernization strategy.” The article stated that it is necessary to continue to implement the mutually beneficial and win-win opening strategy, the strategy of optimizing entry and exit, the strategy of “going out”, the strategy of RMB internationalization, and the strategy of upgrading free trade zones. Focus on preventing financial risks, and coordinate the progress of digital currency and RMB internationalization.