Coin Schedule Alert: US Presidential Election, Virtual Asset Committee Debut, and More – This Week’s Crypto Highlights
- Voting for the US presidential election will begin on the afternoon of the 5th (Korean time).
- The Virtual Asset Committee under the Financial Services Commission will hold its first meeting on the 6th.
- Lockup is the act of prohibiting the trading of tokens for a certain period of time.
This week, the US presidential election, Korea Virtual Asset Committee meeting, and token lock-up release are scheduled.
Voting for the US presidential election will begin on the afternoon of the 5th (Korean time). Voting times vary by state, and voting ends in Alaska on the afternoon of the 6th. The industry predicted that the election of former President Donald Trump, who is friendly to virtual assets, would have an impact on virtual asset prices.
The Virtual Asset Committee under the Financial Services Commission will hold its first meeting on the 6th. The Virtual Asset Committee was established to discuss allowing corporations to invest in virtual assets and allow virtual asset spot exchange-traded funds (ETFs). Financial Services Commission Chairman Kim Byeong-hwan said on the 30th of last month, “When the committee opens, we will discuss how to deal with (current) issues in the future.” “We will converge,” he said.
There is also a schedule for releasing token lock-ups. Lockup is the act of prohibiting the trading of tokens for a certain period of time. When the lockup is released, the supply of tokens to the market increases and the price falls. ADA will unlock 18.53 million ADA, which is 0.05% of the current circulation volume, on the 6th. On the same day, EIGEN unlocks 1.29 million of its own tokens, equivalent to 0.69% of the circulating supply.