ChainCatcher news, well-known trader Ansem posted on platform X stating: "Overall, the funds flowing into meme coins in cryptocurrency are insufficient ($50 billion out of a $2.2 trillion market cap, accounting for 2.5%), and they are gradually gaining momentum in attention.The best trades in the next 4 months will determine which meme coins have the following characteristics:Long accumulation period;Loyal community on X;Easy to relate to the average person."

ChainCatcher news, creditors of the bankrupt cryptocurrency exchange FTX will receive over $12 billion in payments over the next few months according to a court-approved payment plan, increasing the possibility that some cash may be reinvested into digital assets. According to information released by FTX, the group has recovered between $14.7 billion and $16.5 billion, while the total claims from creditors amount to $11.2 billion.Benjamin Celermajer, Co-Chief Investment Officer of Magnet Capital, stated that the anticipated FTX repayments "are essentially providing liquidity to known cryptocurrency traders. It is very likely that we will see some funds flow back into the crypto market, providing a potential price catalyst for a market that is lacking liquidity." It is worth noting that repayments will not happen immediately; FTX must first establish a trust and hire a company to oversee the fund distribution process.

ChainCatcher news, KIP Protocol has become a sponsor of the 2024 Argentina Technology Forum. Co-founder and CEO Julian Peh will meet with Argentine President Milei and serve as a keynote speaker; co-founder and Chief AI Strategist Dr. Jennifer will also participate in a high-profile panel discussion with other industry leaders on the topic "AI and applications of AI-for education, institutions, and governments."Taking this opportunity, KIP is expanding its influence into the vast Argentine and South American markets. The Argentine government's friendly policies towards cryptocurrency provide an ideal environment for KIP to accelerate its layout: KIP plans to leverage its strong funding and leading technology to promote the practical application of decentralized AI, providing efficient and secure AI + Web3 solutions for millions of users in Argentina. KIP's market strategy perfectly aligns with the rapid development of Argentina's digital economy, and its future development prospects are highly anticipated.The Argentina Technology Forum is the most important and cutting-edge technology forum in Argentina, attracting participation from top global companies and cryptocurrency platforms, with sponsors including industry giants such as Binance, OKX, Bybit, and Render Network. Argentina, as one of the world's most important cryptocurrency markets, has over 10 million cryptocurrency asset accounts, with a market size comparable to traditional capital markets, showing tremendous potential. Since taking office at the end of 2023, current Argentine President Javier Milei has maintained a positive attitude towards cryptocurrency. KIP's appearance at this forum showcases its forward-looking layout in the global cryptocurrency and decentralized AI fields.

ChainCatcher news, according to Chosun Biz, at the 2024 Seoul Fintech Week, Lee Hyun-deok, head of the Virtual Asset Regulatory Bureau of the Financial Services Commission (FSC) of South Korea, emphasized that although the current impact of the cryptocurrency market on financial stability is still limited, this impact is expected to intensify.He pointed out that the recent cryptocurrency regulatory measures introduced in South Korea may trigger further discussions on regulatory details, leading to regulatory uncertainty. This uncertainty could potentially affect innovation and development in the cryptocurrency sector.

ChainCatcher news, recently, the Chinese stock market has rebounded under the impetus of government stimulus policies, but this rise may be siphoning off funds from the crypto market, affecting the rise of cryptocurrencies like Bitcoin. Since September 24, the Shanghai Composite Index has risen by more than 20%, reaching a new high since May 2023. However, the price of Bitcoin has remained around $64,000 after China's stimulus policies, maintaining a consolidation period of $50,000 to $70,000 for six months.Market observers point out that despite the Chinese government launching an economic stimulus plan exceeding 7.5 trillion yuan, which is widely seen as a super positive news for Bitcoin and other risk assets, the price of Bitcoin has not seen a significant increase. Danny Chong, co-founder of the Singapore Digital Asset Association, stated that this capital shift may be temporary, and once the upward trend in the Chinese stock market stabilizes, funds are expected to flow back into the crypto market.Traditional market analysts believe that China's latest stimulus measures have not addressed fundamental economic issues and may not lead to a long-term rise in the stock market. TS Lombard noted in a report on October 2 that unless some fundamental issues, such as fixing the banks' balance sheets, are resolved, any attempts to increase lending and leverage risk-taking may fail. BCA Research also stated that the rise in the Chinese stock market may not be sustainable.

ChainCatcher message indicates that, according to CCData, Binance's combined market share in spot and derivatives trading fell to its lowest level since September 2020 in September.Its spot trading volume decreased by nearly 23% compared to August, bringing its spot market share down to 27%, the lowest since January 2021. The platform's derivatives trading also dropped by 21%, with a market share of 40.7% in CEX, the lowest level since September 2020.

ChainCatcher news, BTC Markets' crypto analyst Rachael Lucas stated, "Bitcoin appears to be overbought on the daily chart, with prices starting to pull back after reaching a high of $66,498 last Friday, and momentum has weakened since last week."Lucas pointed out that Ethereum is also facing challenges in regaining momentum, as it lost momentum after breaking above the 50-day simple moving average last week. According to TheBlock's Ethereum price page, Ethereum has dropped 1.69% in the past 24 hours, currently trading at $2,626. Meanwhile, investors are focusing on two key macroeconomic events this week: Federal Reserve Chairman Powell's speech at the National Association for Business Economics on Monday, and the U.S. non-farm payroll report released on Friday. Lucas stated, "Powell's remarks, especially those regarding inflation and interest rates, often influence the market, and cryptocurrencies are no exception. Any hawkish tone could further exacerbate risk-off sentiment, leading to today's decline."

ChainCatcher news, data released on Friday showed that the U.S. core PCE in August was below market expectations, with a year-on-year increase of 2.2%, close to the Federal Reserve's 2% target. The cooling inflation has strengthened market expectations for the Federal Reserve to continue cutting interest rates in the coming months, with the probability of a 50 basis point rate cut in November rising from 49.3% to 54.1%.According to 4E observations, the Dow Jones Industrial Average rose 0.59% last week, the S&P 500 index increased by 0.62%, and the Nasdaq rose by 0.95%, marking the third consecutive week of gains for all three major indices. Bitcoin saw a cumulative increase of nearly 4% last week, marking three weeks of gains and heading towards the best September in history. Under the expectation of continued rate cuts, the U.S. dollar index fell for four consecutive weeks, erasing all gains since mid-July. Spot gold hit a new historical high last week, rising 1.38%, with an increase of nearly 30% this year, surpassing the S&P 500 index's 20% gain, driven by rate cuts from major central banks like the U.S. and China, along with ongoing tensions in the Middle East.With inflation falling in Europe and the U.S., and the pace of global central bank rate cuts accelerating, this will provide strong momentum for the stock and cryptocurrency markets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. U.S. non-farm payroll data for September will be released this Friday; if it performs strongly, it will further boost expectations for a 50 basis point rate cut in November. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on social media that based on the Federal Reserve's historical responses to high volatility, we know that once they start cutting interest rates, they usually continue to lower them until rates are close to 0%. The Federal Reserve will continue to cut rates, and the banking system will continue to release more dollars. Regardless of who wins the U.S. presidential election, the government will also continue to borrow to gain public support. Economic difficulties will be addressed through lower euro rates set by the European Central Bank. Meanwhile, governments will begin to pressure banks to lend more to local businesses to provide job opportunities and rebuild the increasingly crumbling infrastructure.As the Federal Reserve cuts rates and U.S. banks issue more credit, the dollar will weaken. This provides an opportunity for the Chinese government to increase credit growth while maintaining the stability of the RMB to USD exchange rate. If the Federal Reserve prints money, the People's Bank of China can take similar measures. This week, the PBOC announced a series of interest rate cuts across the Chinese financial system. This is just the beginning; the real "big weapon" will emerge when banks issue more credit. If other major economies are now easing monetary policy, the pressure on the Bank of Japan to raise rates quickly will decrease.Major global economies are once again suppressing the volatility of their countries or economies by lowering the cost of funds and increasing the supply of funds. If you have fully invested in cryptocurrencies, relax and watch the fiat value of your portfolio soar. If you still have some fiat funds, seize the opportunity to enter the crypto market.

ChainCatcher news, according to CoinDesk, Presto Research's analyst based in Singapore, Rick Maeda, pointed out that today's interest rate cut and reserve requirement ratio reduction by the People's Bank of China hardly triggered a reaction in the cryptocurrency market, but led to a rise in Asian stock markets, with the Hong Kong Hang Seng Index up 3.2% and the Shanghai Composite Index up 4.15%.The lack of response from Bitcoin to this news contrasts with the rise in Chinese stock indices, highlighting that its current beta seems to be more closely linked to Federal Reserve policy and the U.S. market, especially after last week's FOMC meeting, with the correlation to U.S. stocks nearing a two-year high.

ChainCatcher message, CoinGecko data shows that the current total market capitalization of cryptocurrencies is $2.311 trillion, with a 24H decline of 1.2%. In addition, BTC market share is 54.3%, and ETH market share is 13.4%.According to Coinglass data, in the past 24 hours, the total liquidation across the network was $116 million, of which long positions accounted for $84.318 million and short positions accounted for $31.6808 million.

ChainCatcher live report, Dragonfly General Partner Tom Schmidt, DeFiance Capital Founder Arthur Cheong, VanEck Digital Asset Fund Manager Pranav Kanade, and Multicoin Capital Managing Partner Tushar Jain attended the TOKEN 2049 conference and reflected on the current strategic allocation in the crypto market during the panel titled "Institutional Crypto Allocation: Liquid vs Venture." They pointed out the risks that overly aggressive investment strategies may bring and emphasized the importance of learning from past market fluctuations. At the same time, the guests noted that although some crypto investment strategies performed exceptionally well over the past year, achieving gains of up to 120%, the overall market increase was only around 50%.Regarding the question that investors are generally concerned about—"Why choose specific crypto investment strategies over other equally performing strategies," the guests unanimously agreed that the professional capabilities of investment managers and their keen insights into market trends are key factors. They believe that paying management fees merely to hold assets is logically unsound, and the management of liquid funds relies more on expertise than simple exposure.When discussing the reasons for the differences in asset performance, market sentiment became an important topic. The guests pointed out that market sentiment is largely influenced by beliefs and expectations, leading to vastly different performances of various assets in the market. Additionally, the uniqueness of the crypto market requires investors to have a higher awareness of risk and strategic vision.Regarding the future prospects of the crypto market, the guests generally held an optimistic attitude. They emphasized that "the influx of retail capital in 2021 was partly due to the wealth created in the stock market ultimately flowing into cryptocurrencies, and the same thing will happen again." They believe that although the market may face volatility and challenges in the short term, in the long run, cryptocurrencies, as part of the emerging financial system, cannot be overlooked in terms of their value and potential. They also mentioned that each manager's strategy varies slightly, but all will closely monitor changes in the market and token economics.

ChainCatcher news, according to SolanaFloor, Bitcoin's market capitalization has risen to 58.47% of the total cryptocurrency market, the highest level since April 2021.