ChainCatcher news, Bank of America stated that as the cryptocurrency rebound progresses, the momentum of Meme coins may gradually weaken.

ChainCatcher news, according to CoinGecko data, as Bitcoin breaks through $91,000, the total market capitalization of the cryptocurrency market rises to $3.18 trillion, setting a new historical high, with a 24-hour increase of 2.3%.

ChainCatcher news, the Central Bank of Brazil is preparing to open the cryptocurrency market to traditional financial institutions. After the upcoming regulations are issued, these institutions will be able to operate clearly in the industry. Due to the high thresholds imposed by this framework, small cryptocurrency startups may face challenges in regulating their status.

ChainCatcher news, according to CoinDesk, Standard Chartered Bank stated in a research report that the significant victory of the Republican Party in the United States will enable the new government to implement proactive policies in the digital asset sector, which could inflate the total market value of cryptocurrencies to $10 trillion by the end of 2026.Standard Chartered Bank indicated that in the early days of the new Trump administration, the cryptocurrency market will face many favorable factors, including regulatory changes and adjustments in positions at the U.S. Securities and Exchange Commission (SEC). These factors may lead the government to adopt a more lenient stance towards digital assets. These positive developments could increase the total market value of cryptocurrencies from the current $2.5 trillion to $10 trillion by the end of 2026.

ChainCatcher message, CoinGecko data shows that the total market capitalization of cryptocurrencies is $2.70 trillion, with a 24H increase of 0.8%.In addition, BTC market share is 55.8%, ETH market share is 13.1%, and Ethereum Gas fee is 15.467 GWEI.

ChainCatcher news, according to the Korea Economic Daily, South Korean financial regulators will strengthen their monitoring of the market, particularly focusing on stocks related to Donald Trump and the increasing volatility in the cryptocurrency sector. This decision was made following the recent election results in the United States and the latest Federal Open Market Committee (FOMC) statement from the Federal Reserve. At a meeting on November 8, the Financial Supervisory Service (FSS) Commissioner Lee Bok-hyun emphasized that strict measures should be taken against market manipulation and the spreading of unfounded rumors if there is evidence to support it.

ChainCatcher News: The U.S. election concludes with Trump announcing victory, sparking a surge in "Trump trades" in the capital markets. Funds are rapidly flowing into winners expected to benefit from Republican policies, while anticipated losers are being sold off.According to 4E monitoring, the three major U.S. stock indices hit historic highs on Wednesday, with the S&P 500 index rising 2.5%, marking the largest post-election day increase in history. The Dow Jones rose 3.57%, the largest increase in two years, and the Nasdaq closed up 2.95%, with most tech stocks rising. Tesla's stock price soared nearly 15% overnight, reaching its highest level since July 2023. Trump Media & Technology (DJT), prison stocks, cryptocurrency concept stocks, bank stocks, and energy stocks all surged, while the photovoltaic and new energy sectors, closely related to the "Harris victory concept," faced a complete rout.Trump's victory has triggered a frenzy in the cryptocurrency market, with all cryptocurrencies experiencing significant gains. Bitcoin also surged, reaching an all-time high of $76,400 at one point.The U.S. election concludes with a victory for Trump's camp, and global markets are beginning to engage in a game regarding the "Trump 2.0 era," starting to bet on a scenario of rising economic growth and inflation. Investors are highly focused on tonight's Federal Reserve monetary decision and Powell's speech.It is reported that eeee.com is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with a potential hedging option.

ChainCatcher news, according to Cointelegraph, the Republican Party has gained control after securing key Senate seats in Ohio and West Virginia. The Republicans have obtained a majority control of the U.S. Senate, which brings a bright outlook for cryptocurrency regulation, as the Republican-led Senate is poised to introduce clearer cryptocurrency regulations, indicating that the U.S. will shift towards industry-friendly policies.It is reported that the U.S. Senate may ultimately clarify cryptocurrency regulatory provisions, and the new Senate may review delayed business-friendly bills, such as the Digital Commodity Consumer Protection Act, which would grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading.

ChainCatcher message, according to CNBC, the crypto industry has raised over $245 million in this cycle, coming from a mix of corporate and individual donors. This industry accounts for nearly half of all corporate fundraising.Despite pouring significant funds into advertising, these groups have not focused on conveying information about cryptocurrencies to voters.

ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the worst-case scenario for risk assets, including cryptocurrencies, is "a delay or controversy in the results of the U.S. election, similar to the 2000 election, where the results were unknown for weeks. This would lead to a sell-off of risk assets during that period, and the event volatility would extend into the following weeks until we have a definitive result."

ChainCatcher news, according to Jinshi Data, the Bank of Italy stated that regulatory instability and increased taxes on cryptocurrencies may lead operators to conceal their activities.

ChainCatcher news, according to market news, Hong Kong has approved the first structured product license for Bitcoin and cryptocurrency.

ChainCatcher news, Piper Sandler & Co. options chief Daniel Kirsch stated: "We continue to see interest in U.S. election trading, which has picked up in recent days. Clients expecting Trump to win the election are increasing their exposure to financial and cryptocurrency stocks, while those betting on Harris are buying options on renewable energy stocks. Hedging has also increased, with traders buying put options on the S&P 500 index and QQQ ETF."Short-term S&P 500 implied volatility has remained elevated relative to the one-month level, as the impacts of the election and Federal Reserve rate hikes have permeated the calculations of short-term indicators. The Cboe VVIX index, which measures VIX volatility, is also at a high level.Penn Mutual Asset Management portfolio manager Zhiwei Ren commented: "Currently, the options skew is significant, with VIX far above actual volatility. These signs indicate that market hedging measures are in place."

ChainCatcher news, data shows that the total market capitalization of cryptocurrencies has fallen below $2.4 trillion, currently at $2.385 trillion, with a 24-hour decline of 4.1% and a 24-hour trading volume of $65.559 billion.Currently, BTC market share is 56.6%, and ETH market share is 12.4%.

ChainCatcher news, according to Cointelegraph, a survey report shows that some investors in Turkey now prefer cryptocurrencies over traditional investment options such as real estate and stocks.56% of survey participants indicated that gold is their preferred choice for saving or investing. Foreign currency ranked second, followed by cryptocurrencies, with 30% of investors preferring cryptocurrencies, real estate at 26%, and stocks at 18%.

ChainCatcher news, according to Hong Kong media reports, JPEX is suspected of violating regulations by promoting and operating in Hong Kong. The first civil lawsuit involves two plaintiffs seeking to recover 240,000 Tether or 1.85 million Hong Kong dollars from JPEX Group and a total of 7 defendants. One of the defendants, a JPEX registered company in Hong Kong, was absent from last month's hearing. Judge Zhou Zhaowen issued a ruling yesterday stating that the company, as an operator, holds assets and constitutes an express trust but has violated its responsibilities. Particularly, the case of the first plaintiff is evidently strong, thus the judge ordered the company to compensate at the request of the two individuals.According to the statement of claim, the first defendant, a company registered in Australia under JPEX, operates the JPEX virtual asset service and electronic platform. The plaintiffs personally or in their name deposited virtual currency into the platform account, and they request the court to rule that the second defendant has violated good faith and/or must restructure and repay debts. The judge also stated that in many common law jurisdictions, including Hong Kong, courts accept that cryptocurrency is considered "property" and can form a trust.The judge recognized that the two defendants operate a cryptocurrency trading platform, which records the movement of currency between accounts, involving trustee benefits and various agreement terms. Therefore, the defendants, as trustees, violated their responsibilities by transferring assets without authorization.

According to ChainCatcher news, as reported by Coindesk, the U.S. Treasury has developed a new financial inclusion strategy, but it does not focus on cryptocurrencies, which seems to indicate that the new strategy to promote financial inclusion in the U.S. does not rely on cryptocurrencies as an option.However, the strategy does briefly mention the risks associated with cryptographic technology, mainly to highlight the work the U.S. Treasury has done in marking the dangers of the crypto industry.Analysts believe that Harris stated during her campaign that she would encourage cryptocurrencies as part of her economic agenda, but the government she currently serves has maintained a distance from digital assets, which may be the last mention of cryptocurrencies by the U.S. Treasury before next week's election.

ChainCatcher news, according to CoinGecko data, the total cryptocurrency market capitalization has rebounded to over $2.5 trillion, currently reported at $2.509 trillion, with a 24-hour increase of 2.2%.