ChainCatcher news, a Texas court has ordered the U.S. Securities and Exchange Commission to repeal a controversial rule that broadly redefined the term "Dealer," a move that has impacted both cryptocurrency-focused financial firms and traditional financial companies.Judge Reed O'Connor found that the rule was passed in February by a 3 to 2 vote, exceeding the statutory authority of the SEC. Traditionally, a dealer refers to an entity that buys and sells securities for itself rather than for others. The SEC expanded the definition in an attempt to include any entity capable of providing market liquidity, particularly in the U.S. Treasury market.In a footnote of the original proposal draft, it was explicitly stated that those "engaged in the trading of crypto securities" must comply with securities laws, register with the SEC, and join industry-supported self-regulatory organizations. Initially, participants in the crypto industry objected to the rule. The expanded interpretation effectively eliminated the distinction between "trader" and "dealer" in traditional understanding.The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit against the securities regulator in April (the month the rule officially took effect), claiming that the rule's intervention in the crypto space was excessive and conflicted with existing laws regulating securities dealers, which have been in place for 90 years.

ChainCatcher news, according to Jinshi reports, "The decision to cut interest rates is an acknowledgment of the growing confidence that the inflation rate is likely to reach the Federal Reserve's 2% target—this confidence is partly based on signs that the labor market and product market have been tending toward balance in recent months," said Kansas City Fed President George in remarks prepared for a speech to the Omaha Chamber of Commerce.He stated that while the progress toward returning to the 2% target means that now is an appropriate time to cut rates, "how much further rates will decline or what they will ultimately settle at remains to be seen." On the current issue of federal government spending, George indicated that because the Federal Reserve will fulfill its responsibility to keep inflation at the established 2% target, large fiscal deficits will not trigger inflation.However, this may mean that "interest rates will remain elevated for an extended period," George said, which is why the Federal Reserve must maintain its independence when formulating monetary policy.

ChainCatcher news, Sky (formerly Maker) announced that it has expanded its stablecoin USDS to Solana using the Wormhole Native Token Transfer (NTT) framework. At the same time, the Sky Ecosystem will distribute rewards to early adopters of major Solana DeFi protocols, including 200,000 USDS weekly for Kamino Finance's USDC/USDS liquidity providers, 100,000 USDS for USDS suppliers; 100,000 USDS weekly for Drift Protocol's USDS suppliers; 400,000 USDS monthly for Save's USDS suppliers (equivalent to 100,000 USDS weekly); and 5,000 USDS weekly for Jito's SOL/USDS liquidity pool.

ChainCatcher news, according to Cointelegraph, RedStone co-founder and COO Marcin Kaźmierczak stated in an interview that the incoming Trump administration "could significantly drive the expansion of DeFi," adding that "such a government might support policies that push DeFi from niche to mainstream, catalyzing innovation and an influx of investment."He also noted that a rise in Bitcoin prices "typically" triggers an increase in DeFi service activity, and added, "As BTC continues to rise, it not only climbs in isolation but also boosts the entire DeFi industry."Kaźmierczak claimed that the Trump administration might adopt cryptocurrency-friendly policies, easing regulatory barriers and encouraging innovation. "Under Trump's leadership, a bull market for DeFi platforms is expected, which could rewrite the rules of digital finance," he stated, mentioning that Trump and his team forked Aave and created the crypto project World Liberty Financial (WLFI).

ChainCatcher news, DeFi platform Folks Finance has raised $3.2 million in Series A funding, reaching a valuation of $75 million. This round was led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures, and others. The total funding for Folks Finance has reached $6.2 million.Benedetto Biondi, co-founder and CEO of Folks Finance, stated that the first $2 million of this round was raised in February of this year, with the remaining $1.2 million raised recently. He declined to comment on the structure of this round but mentioned that the $75 million reflects both equity valuation and fully diluted valuation (FDV), indicating that Folks Finance may issue tokens in the future.According to RootData, Folks Finance is a DeFi platform that provides innovative tools for lending, trading, and managing digital assets. Users can deposit assets to earn yields, obtain loans by providing collateral, swap assets through Folks Router, and participate in Algorand governance with gALGO and xALGO assets.

ChainCatcher news, the ZKsync community has voted on-chain to approve the "Distribute 325 million ZK tokens to DeFi users within 9 months" TPP 001 proposal. This proposal suggests distributing 325 million ZK tokens over 9 months, with 300 million allocated to users through six minters (with a cap of 50 million each), and an additional 25 million tokens managed by four minters to cover management and unforeseen costs. The proposal aims to establish a DeFi liquidity center on the ZKsync Era and enhance the liquidity of all interoperable ZK chains (Elastic Chain).Previously on November 6, ZKsync community ZK Nation posted on X stating that the ZKsync Ignite Program TPP 001 proposal "Distribute 325 million ZK tokens within 9 months" has opened for voting, with a standard voting period of 7 days, and the current approval rate reaching 99.73%.

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, Kony, co-founder and CEO of the economic layer GAIB, delivered a speech themed "GAIB Drives the New Economy of AI Computing Assets."Kony proposed that with the rise of AI technology, the demand for GPUs as core computing resources has surged. GAIB has innovatively launched a blockchain-based economic layer solution that combines GPU assets with DeFi to create yield-generating assets. Investors can directly access GPU assets, breaking the barriers of traditional indirect investment in stocks.Kony stated that GAIB provides stable cash flow through global GPU data center partnerships. The platform is committed to building a decentralized and highly liquid market for computing resources, accelerating the maturity and development of the AI economy.Remote participation 👉Live video link: https://www.youtube.com/live/tTVcUPumPysLive image link: https://www.pailixiang.com/album_ia7637038926.html

ChainCatcher news, Sky (formerly MakerDAO) founder Rune Christensen posted on the X platform, "If Bitcoin reaches $80,000, the revival of DeFi will be confirmed."

ChainCatcher news, according to a post by Cointelegraph on the X platform, former JPMorgan Chief Equity Strategist and co-founder and research head of FundStrat Global Advisors Tom Lee stated in an interview with CNBC that Bitcoin could become a "treasury reserve asset" to help offset the U.S. deficit.Additionally, Bitcoin still has the potential to reach $100,000 this year, with significant upside potential.

ChainCatcher news, according to FinanceFeeds, DWF Ventures announced an investment in the DeFi solution provider XYZ, with the specific amount not disclosed.With this new investment, XYZ aims to expand its capabilities in the DeFi space, providing tools that facilitate lending and staking.

ChainCatcher news, DefiLlama founder 0xngmi posted on the X platform stating that Trump won, Defillama user numbers increased by 40%, and user attention has turned back to DeFi.

ChainCatcher message, Messari released the BNB Chain Q3 report, which pointed out that the Gas-Free Carnival of BNB Chain has reduced the trading fees for stablecoins, and its TVL incentive program has entered the 4th phase, aiming to attract top projects to join the BNB chain. Other key data includes:· DeFi TVL increased by 2% to $4.85 billion· Daily NFT trading volume increased by 283%· BNB staking amount increased by 7% to 32.4 million BNB

ChainCatcher news, Sky (formerly MakerDAO) founder Rune Christensen stated on social media that Trump's victory will drive a true and sustained revival of DeFi, with the likelihood of a tenfold increase in user numbers significantly rising, as DeFi benefits the most from the reduced regulatory uncertainty in the U.S. compared to other areas of the crypto space.

ChainCatcher message, according to SoSoValue data, the cryptocurrency market continues to show an upward trend, with the DeFi and RWA sectors leading the way. ETH has increased by 11.23% in the last 24 hours, with its market cap share rising to 13.37%; the DeFi sector overall has risen by 13.59%. In the sub-sectors of DeFi, LSDFi and LRTFi have increased by 22.71% and 15.26% today, respectively.In addition, the RWA sector has risen by 12.78%, while Layer 1 and Layer 2 sectors have increased by 5.90% and 10.72%, respectively.

ChainCatcher message, The ETF Store President Nate Geraci stated: "In any case, ETH ETF staking will happen. (If) under the leadership of the Trump administration, this situation will occur more quickly."In addition, Nate Geraci also mentioned that the net inflow of Ethereum ETFs recovering is just a matter of time.

ChainCatcher message, The Fintech Fund partner Nik posted on platform X: "The Alliance team consistently has outstanding DeFi research and data, and I want to highlight their latest trend report. I found the following three insights to be the most interesting:The share of DeFi developers in the U.S. continues to shrink compared to Asia and Africa. I believe this trend will continue as the opportunities to improve the lack of or non-existent financial rails become more apparent.Infrastructure, DeFi, payments, and AI x Crypto are becoming increasingly popular. DAOs and NFTs are declining.Base's L2 is rapidly becoming the developers' preferred choice."

ChainCatcher message, Starknet ecosystem DeFi yield aggregator STRKFarm.xyz posted on X stating that it is committed to becoming a profitable DeFi project aimed at developing and fully supporting its community. In light of this goal, the team has decided to implement fees.Looking ahead, STRKFarm will charge a 10% performance fee on each harvest of the Sensei strategies (such as STRK Sensei and USDC Sensei). The user experience on the application will remain unchanged, and the displayed APY is after all fees are deducted.As always, the team will maintain transparency regarding the measures taken. These fees will also be displayed in the user interface.