Daily Summary, 21 October

Results of the day, October 21

Legislation and Regulation
* Russia: The Prosecutor General confirmed that in the country the introduction of responsibility for the illegal circulation of cryptocurrencies is being worked out, including the procedure for their seizure and conversion into state revenue.
* Russia: In the State Duma, a bill was proposed, according to which cryptocurrency, acquired in marriage, will be considered jointly acquired property.
* Russia: The Bank of Russia and the Ministry of Finance agreed with the necessity of legalizing the use of cryptocurrencies in settlements in foreign economic activity.
* USA: The Fed is considering the idea of introducing a new type of “payment accounts” for fintech and crypto companies, to give them direct access to the systems of the central bank.

Corporate News and Events
* Coinbase buys the platform for crypto-investments Echo for $375 million — this is already the eighth acquisition of the exchange in this year.
* Coinbase also paid $25 million for the NFT, released by Cobie, to return the legendary podcast Up Only.
* The corporate subdivision of the Dogecoin Foundation became the largest shareholder of the Italian football club Triestina Calcio 1918.
* The TRON network recorded the highest in all of history quarterly revenue — the revenue of the network increased by 30.5% to $1.2 billion.

Large Transactions and Movement of Funds
* From the wallet of the company SpaceX of Elon Musk transferred 2495 BTC to unknown addresses.

Market and Forecasts
* On the Kraken exchange Bitcoin fell to $101,000 — $10,000 below the market.
* According to forecasts, 2025 year could become for BTC the first in history, when it will show neither rapid growth, nor collapse, but will spend the year in a flat.

Internal Conflicts
* Ethereum developer Peter Szilágyi showed a letter, addressed to the leadership of the Ethereum Foundation, in which he accused the organization of excessive dependence on Vitalik Buterin.