ChainCatcher news, Lista DAO has released a proposal titled "Proposal to Introduce a Pegged Stability Module Utilizing lisUSD Savings Rate". The current voting approval rate is 100%, and the voting will end on November 25.The proposal includes the introduction of a Pegged Stability Module (PSM) and a lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide users with deposit returns. Initially, the PSM will support USDT, with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC in the future, with a maximum limit of 15 million lisUSD. The initial interest rate of the LSR is pegged to a fixed spread of 1% below the borrowing rate of lisUSD against BNB and will be dynamically adjusted based on market demand. Additionally, a 2% fee will be charged for converting lisUSD to USDT, while converting USDT to lisUSD will be fee-free.

ChainCatcher news, according to Cointelegraph, the central bank of Norway, Norges Bank, has recognized the European Union's Markets in Crypto-Assets Regulation (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC).Kjetil Watne, the project director of Norges Bank's CBDC project, stated that Norway, as a member of the European Economic Area (EEA), welcomes the MiCA framework. However, he noted that the bank is still considering "whether additional regulation is needed to promote financial stability." Norges Bank has "not yet decided" whether to issue a CBDC and is assessing how to "mitigate regulatory gaps associated with decentralized finance."

ChainCatcher news, according to News.bitcoin, JPMorgan CEO Jamie Dimon expressed great concern over the escalating geopolitical threats, stating that global tensions are the most pressing threat to economic stability.According to recordings obtained by Fortune magazine, Dimon warned during a speech at the Institute of International Finance last week that the ongoing conflicts in regions such as Ukraine and the Middle East could trigger a series of events and potentially escalate into a global war. Dimon shifted the focus away from current economic issues in the U.S., stating that factors such as a hard landing or soft landing next quarter are "insignificant" compared to geopolitical issues.Although he expressed deep concern, he also acknowledged that the risk of large-scale conflict might decrease, stating that tensions could "ease over time," and mentioned the possibility of ceasefires in regions like Ukraine and the Middle East. However, he expressed skepticism about significant improvements, adding, "I talked about the risks we face if things worsen. The scenarios we envision would shock you. I don't even want to mention them."

ChainCatcher news, Reserve Bank of India Governor Shaktikanta Das reiterated a cautious stance on cryptocurrencies, stating that they have the potential to undermine the stability of the financial system.Das recently spoke at the Peterson Institute for International Economics' 2024 Macro Week, where he mentioned that the creation of cryptocurrencies is intended to bypass the traditional financial system. The fundamental issue is whether authorities or governments are willing to accept privately issued cryptocurrencies that possess all the characteristics of money.He believes that issuing currency is traditionally a sovereign function. Allowing cryptocurrencies to flourish could detach parts of the economy from central bank control, a shift that could lead to monetary instability.He further elaborated on the risks, particularly how cryptocurrencies could weaken the central bank's ability to manage the money supply, which is crucial for controlling inflation and managing economic cycles. "If the central bank loses control over the money supply in the economy... how can banks check the available liquidity in the system?" Das emphasized that if cryptocurrencies become prevalent, the financial and monetary systems could face chaos.

ChainCatcher news, according to Cryptonews, the Financial Stability Board (FSB) has released a report indicating that while the current impact of tokenization on global financial stability is limited, potential risks may increase as its application expands. The report emphasizes that the risks of tokenization to global financial stability are currently limited, primarily due to its small scale and early adoption stage. Most tokenized assets remain confined to pilot projects and niche markets, with low integration into the broader financial system.The report also points out several factors hindering the integration of tokenization into mainstream finance, including technological challenges, a lack of cross-platform standardization, and deficiencies in existing regulatory frameworks. The FSB believes that these obstacles help to some extent in controlling related risks, as the broader financial markets have not yet faced significant risks.Despite the current limited impact, the FSB still highlights the potential risks that may arise from the increased application of tokenization. As these markets expand, challenges such as legal uncertainties regarding asset ownership and cross-border transaction management may become more pronounced. In particular, as the tokenization market deepens its ties with traditional finance, these issues could create greater vulnerabilities.

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, Hong Kong Monetary Authority Vice President Li Dazhi commented on the 19th that the Federal Reserve's current interest rate hike cycle began in March 2022 and lasted until July 2023, during which a cumulative increase of 525 basis points occurred. After a period of fluctuations, U.S. inflation has largely confirmed a decline, and there are also signs of a slowdown in the labor market recently. Therefore, the Federal Reserve decided to cut interest rates by 50 basis points, which roughly aligns with market expectations. (Jin Shi)

ChainCatcher message, since the beginning of 2024, Bitcoin transaction fees have shown a pattern of volatility, with significant spikes occurring around major events. The most notable surge happened in April, related to the Bitcoin halving event. During this period, transaction fees briefly soared to over 1,200 BTC, highlighting the increased demand on the network during this critical time. After the halving, fees tended to stabilize but remained relatively subdued, even as Bitcoin's price approached $60,000. This contrasts sharply with previous years, where fee spikes often reflected rapid price increases or network congestion.For instance, during the bull markets of 2017 and 2021, transaction fees surged alongside Bitcoin's price, reflecting intense activity and congestion on the network. The current trend is that, despite significant price fluctuations, fees remain low, indicating a mature network where transaction processing may be more efficient. As 2024 progresses, observing whether this decoupling of fees and Bitcoin prices persists can provide deeper insights into the evolving market trends and user behaviors within the ecosystem.

ChainCatcher news, CryptoQuant analyst Joao Wedson posted on social media that currently there is a positive correlation between altcoins and Bitcoin. This behavior indicates consistency in the crypto market, with altcoins moving in sync with Bitcoin, reflecting investors' confidence in the overall market.One noteworthy historical fact is that when the Average Altcoin Correlation trends towards negative values, it has historically served as a warning signal for Bitcoin and the entire market. This negative correlation typically occurs when altcoins significantly outperform Bitcoin, often before a decline in Bitcoin's price, prompting investors to remain cautious.Overall, altcoins still exhibit a positive correlation, indicating that despite individual differences, they all follow Bitcoin's trend. This behavior reinforces the view that the current market is stable in the short term, but continuous vigilance is needed to identify potential deviations that may indicate higher risks.

ChainCatcher message, Jupiter co-founder Meow posted a Jupiter spot stability update on X and called for community feedback. He stated: "A few weeks ago, I released and explained the stability issues of our spot products, including Swap, DCA, LO, and VA.As mentioned above, these issues were primarily due to the significant upgrades we made in the first half of the year to accommodate the massive growth of tokens and the market. We attempted to address important user experience issues and manage the workload and technical load of a set of APIs used across the entire ecosystem. Since then, we have been working hard to resolve these issues, including correcting dynamic configurations, optimizing MTS infrastructure to better serve APIs and internal users, increasing monitoring significantly, and making extensive changes to the LO/DCA systems.We still plan to fix some issues: dynamic slippage inference may be slow if the network is poor, it is not very effective for rapidly moving tokens, and the user experience during failures is not an ideal solution; pricing for tokens with lower liquidity remains a very challenging issue; there are delays during infrastructure upgrades; the execution speed of LO/DCA is still not as fast as we would like; we also have some significant upgrades coming, including a significantly improved version of dynamic slippage and limit orders. We encourage the community to provide feedback on this. We will strive to address every issue and resolve them in the coming weeks.

ChainCatcher message, Jupiter stated on platform X that earlier today, Jupiter's new token service stopped accepting new tokens. While users can still trade these tokens normally, certain features (such as DCA) are no longer applicable to newly launched tokens after the service halt. Jupiter mentioned that the subsequent issues have been resolved and the service has returned to normal. The new token service launched about a month ago lacked reliability, and efforts will continue to improve the stability and reliability of this service.

ChainCatcher message, according to official news, the Maker governance portal has opened a new execution vote involving the following changes:Stability Range Parameter UpdateStability fee reduction: involves ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C;DSR reduction: from 8% down to 7%;Update Chainlink Keeper Network Treasury AddressThis is a necessary condition to facilitate the upgrade of Chainlink Automation from v2.0 to v2.1 for MakerDAO;Aave-SparkLend Revenue Sharing PaymentThe smart contract address controlled by Aave Governance will pay 219,125 DAI as part of the Aave-SparkLend revenue sharing;June 2024 Adjusted Delegate CompensationA total of 209.17 MKR will be allocated for this;Spark Proxy SpellDeploy the following changes on SparkLend:Reduce the Spark effective DAI borrowing rate by 1 percentage point to 8%;Increase the weETH supply cap to 200,000 weETH;Increase the weETH isolation mode debt ceiling to 200 million DAI.

ChainCatcher news, according to The Information, Stability AI has received funding from an investment group led by Sean Parker, with investors contributing a total of over $100 million, though the specific amount has not been disclosed. Additionally, Stability AI announced a change in CEO, with former Weta Digital CEO Prem Akkaraju taking over the position.Previously, Stability AI partnered with Render Network to leverage a decentralized GPU network for low-cost, large-scale expansion of AI training and inference capabilities.

ChainCatcher news, according to CoinDesk, the Financial Stability Board (FSB) has announced that it will expand its research on the risks of stablecoins in emerging and developing economies.The FSB pointed out that while these economies generally welcome digital financial innovation, the widespread use of stablecoins could pose a threat to their monetary policy and financial stability. The FSB plans to address these risks through in-depth analysis, including an assessment of the differences and gaps in the current regulatory frameworks of various countries. At the same time, the FSB calls for global collaboration to promote unified regulatory standards for stablecoins to ensure the safety and stability of cross-border payments and financial systems. This move has received support from G20 countries, which emphasize the need to strengthen the regulation of crypto assets to prevent a recurrence of incidents like last year's FTX and Celsius collapses.

ChainCatcher news, Curve Finance founder Michael Egorov posted on social media, "I am more committed than ever to building Curve, especially through the application of veTokenomics game theory, currently focusing mainly on veCRV. The plan is to concentrate on the following aspects:Ensuring that its lending products are the safest in the industry under all market conditions by observing data;Creating educational content for arbitrage traders to teach them how to perform liquidation operations;Ensuring that the supply of crvUSD automatically receives system incentives."

ChainCatcher message, the South Korean cryptocurrency exchange Bithumb has announced that it has confirmed a security issue with ALEX. As a result, there are concerns that the price volatility of ALEX virtual assets may increase, so please exercise particular caution when investing in ALEX. Additionally, deposit and withdrawal services will be temporarily suspended until stability is restored.

ChainCatcher message, MakerDAO has released a new executive proposal, and MKR holders and delegates can vote to support the changes listed below. The proposal includes a reduction in rates for Ethereum, wBTC, WSTETH, and DSR, as well as adjustments to various protocol parameters. MKR holders and delegates are encouraged to participate in the voting to help shape the future direction of MakerDAO.If the executive proposal passes, the following actions will be taken on the Maker protocol:Changes to stability fees and Dai savings rate: The stability fees for ETH, WSTETH, and WBTC will be reduced, and the DSR will be lowered to 10%.Compensation alignment for delegates and AVC members: Aligned delegates will receive a compensation of 214.55 MKR, while AVC members will receive 175.14 MKR.Aave revenue sharing payment: A payment of 238,339 DAI will be made to Aave governance from the surplus buffer.New address whitelist for RWA015-A output channel: Add 0x6759610547a36E9597Ef452aa0B9cace91291a2f to the whitelist.Launch of USDP: A series of actions will be executed to move 84,211.27 USDP out of the input channel.Trigger Spark Proxy Spell: Upgrade the SparkLend pool implementation, add new collateral, and update and adjust other market parameters.

According to ChainCatcher news, Render Network has announced a partnership with GPU computing company OTOY, open-source generative AI model company Stability AI, and media and entertainment company Endeavor to develop and standardize intellectual property, production workflows, and infrastructure technologies around emerging AI.This partnership leverages Render's decentralized GPU network to scale AI training and inference capabilities at low cost, helping to achieve the decentralization of open-source, transparent, generative AI technologies and source systems that will soon impact 3D, VFX, and media production workflows.

ChainCatcher news, according to The Block, S&P Global Ratings has released its ninth stablecoin stability assessment report, this time focusing on the stablecoin USDM from Mountain Protocol. The assessment evaluated the stablecoin's ability to maintain its peg, with USDM receiving a rating of 3, achieving an "adequate" rating.It is reported that S&P Global Ratings assessed various aspects of the stablecoin, including credit risk, market risk, custody risk, reserve funds, the robustness of the clearing mechanism, and available over-collateralization. Other factors such as governance, regulatory framework, and third-party dependencies were also considered. The company then scored these criteria, with 1 point representing "very strong" and 5 points representing "weak." Other stablecoins previously assessed include USDC with a rating of 2 (strong), Tether with a rating of 4 (limited), and DAI with a rating of 4 (limited).