According to PANews, the cryptocurrency sector experienced a significant drop in venture capital investments during the third quarter, prior to the election excitement surrounding U.S. President-elect Trump revitalizing industry sentiment. Data from PitchBook reveals that cryptocurrency startups attracted $1.7 billion in investments in the three months ending September 30, marking a 31.3% decrease from the previous quarter. The number of deals also fell by 25.3%, totaling 392 transactions.
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According to BlockBeats, a major Ethereum whale has been actively selling portions of its holdings since November 7. The whale, which initially accumulated 398,891 ETH at an average cost of $3.5 per token, has sold 46,853 ETH, converting it into 138.8 million USDC at an average price of $2,920 per ETH.
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The FSC has approved seven domestic banks to participate as innovative financial services providers, although their compliance will be continuously monitored. These banks include Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Korea Development Bank, NongHyup Bank, and Busan Bank. Notably, the deposit tokens will be protected under the traditional deposit protection system. As of now, the Bank of Korea has not disclosed detailed information regarding user recruitment and the vouchers. #CBDC
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