Global #crypto market

South Korea's Financial Services Commission (FSC) has approved the establishment of the Digital Asset Protection Foundation, a nonprofit organization aimed at safeguarding crypto assets and blockchain belongings.

Despite a 2021 ban on cryptocurrency trading, China's over-the-counter (OTC) crypto market continues to flourish. A new report from Chainalysis reveals that these platforms have seen significant inflows of $20 billion per quarter on average through June, totaling $75.4 billion for the nine months.

Shiba Inu (SHIB) is poised for a potential parabolic rally this October, following historical trends that suggest monthly positive returns. According to CryptoRank, the meme coin has consistently performed well in October, notably surging by 833% during the 2021 bull run.

In a significant development, cryptocurrency exchange Bybit has announced its exit from the French market due to regulatory pressures from the Autorité des Marchés Financiers (AMF).

The crypto market has witnessed a notable uptrend over the past week, with Bitcoin (BTC) regaining its position around the $60,000 mark. This bullish momentum has significantly impacted altcoins, particularly those in the artificial intelligence (AI) sector, sparking discussions about a potential altcoin rally in the upcoming week.

With the U.S. presidential election just months away, Bitcoin enthusiasts are buzzing with speculation about who will emerge victorious. Many believe that Donald Trump, with his vocal support for the cryptocurrency sector, is the likely candidate to drive pro-crypto policies.