Global #crypto market

Japan is currently navigating a challenging economic landscape marked by rising prices and subdued consumer spending. In response, Prime Minister Shigeru Ishiba is proposing a strategy centered on increasing wages to stimulate economic activity.

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.