ChainCatcher news, Kraken announces zero-fee cryptocurrency trading for FTX creditors with a $50,000 offer.Kraken stated that new customers who choose to receive funds from FTX will receive a fee waiver, allowing them to purchase $50,000 worth of cryptocurrency on Kraken Pro without paying any trading fees. Depending on the amount of funds received, they will receive a $105 Kraken trading fee credit (KFEE). These will be credited to the customers' accounts after the FTX allocation is received. The fee credit can only be used on Kraken Pro.

ChainCatcher news, according to Cointelegraph, Ripple President Monica Long expects its Ripple USD (RLUSD) stablecoin to be listed "soon" on major cryptocurrency exchanges to continue expanding the issuance and availability of XRP on other exchanges, with an announcement forthcoming.However, when asked about the listing status of RLUSD on major platforms like Coinbase, she declined to provide specific information.

ChainCatcher news, according to Finance Magnates, Kazakhstan's regulatory body AFM RK announced that authorities have blocked over 3,500 illegally operating cryptocurrency exchanges. This action is the result of a joint effort by the National Security Committee and the Ministry of Culture and Information. Earlier in 2023, authorities also blocked access to Coinbase on the grounds of alleged violations of digital asset laws.In 2024, regulators shut down 36 illegal cryptocurrency exchanges, with a total trading volume of 60 billion Kazakhstani tenge (approximately 11.3 million USD), and froze assets worth 4.8 million USDT. Additionally, authorities uncovered two cryptocurrency pyramid schemes, returning 545,000 USDT to victims and freezing 120,000 USDT held by the platforms.AFM stated that it is working with international partners to strengthen the regulation of cryptocurrency trading, combat its use for criminal activities, and develop legal amendments to hold digital asset providers accountable for money laundering, while financial institutions' inspections of cryptocurrency trading have also been enhanced.

ChainCatcher news, Cointelegraph posted on the X platform that spot cryptocurrency trading volume on DEXs accounts for over 20%, marking a historical first.

ChainCatcher news, 10x Research stated in its latest report that the cryptocurrency trading environment remains complex and volatile during the U.S. Federal Open Market Committee (FOMC) meeting in December 2024 and the subsequent holiday season. However, there are still profit opportunities in specific areas. Bitcoin is in a consolidation phase during this period, showing no signs of a sustained upward trend, but fluctuating within a tactical trading range, which provides opportunities for strategic positioning rather than a simple bullish trend. While some initial enthusiasm is expected at the beginning of the new year, it is not the time to recreate the bullish sentiment seen from late January to March or from late September to mid-December 2024. A positive performance is anticipated at the start of the year, followed by a slight pullback before the release of the Consumer Price Index (CPI) data on January 15. If the inflation data is favorable, it may reignite optimism and drive the market up before Trump's inauguration on January 20. However, this momentum may weaken, and the market could slightly retreat before the FOMC meeting on January 29.From January to mid-November 2024, Bitcoin's dominance surged from 50% to 60%, creating significant resistance for altcoin performance. Although the dominance metric briefly plummeted to 53% within three weeks, igniting hopes for an altcoin season, it quickly rebounded to nearly 58% and then consolidated around 55%. This consolidation highlights Bitcoin's enduring dominance as the main driving force in the cryptocurrency market while also indicating that altcoins may face potential challenges—unless Bitcoin's dominance metric declines again.

According to ChainCatcher news, in an article by Zhong Yi from the China Financial Forty Forum, titled "Cryptocurrency is 'Not What It Used to Be'", it points out that the development of cryptocurrency has now given rise to at least three different types with distinct characteristics. Based on their design mechanisms and functions, private cryptocurrencies can be mainly divided into three categories: Store of Value Cryptocurrencies, Utility Tokens, and Stablecoins.As of December 28, 2024, the CoinGecko website has recorded 16,022 types of cryptocurrencies across 1,200 exchanges worldwide, with a total market capitalization of approximately $3.43 trillion and a trading volume of about $165.3 billion in the past 24 hours. In relative terms, this market capitalization is equivalent to 5% of the total market capitalization of the U.S. stock market and 35% of the Chinese stock market. In early 2014, the total market capitalization of cryptocurrencies was only $10.6 billion, and over the past ten years, the cryptocurrency market has achieved more than 300 times growth.

ChainCatcher news, Thailand's Prime Minister Petongtan Shinawatra recently disclosed her personal assets valued at $400 million, which include two properties in London, investments in several companies, and a collection of luxury watches and bags. The 38-year-old member of the Shinawatra family also listed 1.09 billion baht (approximately $31.6 million) in cash and deposits across more than 26 bank accounts. When she disclosed this information to the National Anti-Corruption Commission (NACC) of Thailand, her total assets reached 13.85 billion baht (approximately $400 million).According to documents revealed by local media, Petongtan also declared nearly 5 billion baht in debts, bringing her net worth to 8.9 billion baht ($258 million). Petongtan is the youngest daughter of Thaksin and became the third member of the Shinawatra family to lead Thailand in August 2024, following the ousting of former Prime Minister Srettha Thavisin by the Constitutional Court for ethical violations. Petongtan's spouse, Pidok, disclosed assets of 147 million baht and an income of 5.13 million baht from the previous year, which includes earnings from cryptocurrency trading. (Jinshi)

ChainCatcher news, according to market news, Morgan Stanley's trading service E-Trade is exploring the provision of cryptocurrency trading.

ChainCatcher news, the cryptocurrency custody platform under the Spanish bank BBVA will launch cryptocurrency trading services.Garanti BBVA Kripto is a cryptocurrency custody platform operated by Garanti BBVA, which holds 86% of its shares as of December 2023. The platform will soon provide cryptocurrency trading services to the public, with Bit2Me, a cryptocurrency exchange founded in 2014 and headquartered in Spain, being used as the bank's trading execution center.Abel Peña, Chief Sales Officer of Bit2Me, stated that the current cryptocurrency asset market (MiCA) regulations have come into full effect across the EU, and the collaboration between BBVA and the cryptocurrency exchange strongly indicates that more developments will occur in the future.

ChainCatcher news, according to Cryptonews, reports that Venezuelans are "turning to cryptocurrency" to cope with inflation instead of relying on the dollar, according to the latest report. Experts say that stablecoin trading currently accounts for nearly half of the total cryptocurrency trading volume in Venezuela.Venezuelans are increasingly using Bitcoin (BTC) and other cryptocurrencies for convenient transactions, receiving remittances, and "avoiding the impact of the devaluation of the Bolívar currency." Although cryptocurrency exchanges are unregulated, the government "tolerates" their existence as they help to introduce foreign exchange.

ChainCatcher news, according to a report by Wall Street Watch, Asian stock markets have shown mixed performance this year against the backdrop of a strong dollar. Some have achieved a bull market in local currency at the cost of currency depreciation, while others have sacrificed part of their stock market gains for relatively stable exchange rates, with South Korea being an exception.In terms of the Korean won, the Korea Composite Stock Price Index (KOSPI) has fallen by 10.0% this year. Considering the depreciation of the won, the KOSPI has dropped by 18.9% when measured in dollars, making it the weakest in Asia. From the perspective of capital flow, since the second half of this year, only institutional investors in South Korea have maintained a net buying scale in the stock market, while the resident sector has been continuously reducing purchases.Analysis suggests that a significant portion of the money that South Korean residents have withdrawn from the stock market has been used for "crypto trading." Data from the Bank of Korea (BOK) shows that as of November, the number of domestic cryptocurrency investors in South Korea has reached 15.59 million, an increase of 610,000 from the previous month. Currently, among the 51 million South Koreans, 30% are involved in crypto trading.The daily trading volume of South Korea's five major cryptocurrency exchanges—UPbit, Bithumb, Coinone, Korbit, and GOPAX—has surged from 34 trillion won in October to 149 trillion won in November, more than quadrupling. South Koreans have always been keen on investing in cryptocurrencies. During the first wave of the cryptocurrency bull market in 2017, about 5% of the population participated; in the second bull market in 2021, 10% participated; and now this proportion has expanded to 30%. However, historically, the South Korean stock index has shown a positive correlation with Bitcoin prices, which was completely broken in October of this year.

ChainCatcher message, the cryptocurrency market research agency Santiment posted on the X platform that in the last few days of 2024, trading volume in the cryptocurrency sector has significantly decreased. Overall, compared to the previous week (which included Bitcoin's all-time high), trading volume has dropped by 64% in the past week.The decline in trading, especially in speculative altcoins, is not surprising. With the holidays approaching and traders organizing their year-end finances, the last week of December is typically one of the least active periods of the year.In summary, if whales continue to show a strong accumulation trend, the lack of retail participation may actually lead to at least one unexpected surge in 2024, while retail investors remain largely unaware.

ChainCatcher news, according to CrowdFund Insider, Latin America's leading cryptocurrency exchange Bitso has announced the launch of the stablecoin RLUSD issued by Ripple. This stablecoin is pegged to the US dollar at a 1:1 ratio and is fully backed by equivalent US dollars and cash equivalents, primarily aimed at cross-border payment scenarios.Bitso CEO Daniel Vogel stated that the company's long-term partnership with Ripple has facilitated multiple innovative application scenarios, including cross-border payments. RLUSD will be offered through the RLUSD/MXN trading pair on the Bitso Alpha platform, allowing users to deposit and withdraw in the form of Ethereum ERC-20 tokens.

ChainCatcher news, according to a report by The Paper, the People's Court of Wenchang City, Hainan Province, recently concluded a case involving the trading of personal information using cryptocurrency. The court's investigation revealed that the defendant Han purchased over 82.24 million personal information records for 500 yuan on QQ in 2021, which included 7.27 million photos of ID cards, 30.69 million vehicle owner information, and 1.07 million bank user information.In March 2023, Han sold this information through platforms such as QQ, WeChat, and Telegram, and collaborated with courier Wu to obtain delivery transaction information, pricing each record at 1.5 yuan in USDT. He profited 770 yuan by exchanging through a virtual asset trading platform. The court sentenced Han to one year and eight months in prison for infringing on citizens' personal information, and fined him 3,000 yuan. Co-defendant Wu was sentenced to eight months in prison with a one-year and four-month probation and fined 2,000 yuan.

ChainCatcher news, according to Globenewswire, Robinhood Markets released its operational data for November 2024.As of the end of November, the total number of funded customers on the trading platform was 24.8 million (an increase of approximately 420,000 from October 2024, and an increase of about 1.5 million compared to the same period last year); assets under management were $195 billion (a month-over-month increase of 22%, and a year-over-year increase of 106%). The nominal trading volume for stocks reached $147.1 billion (a month-over-month increase of 16%, and a year-over-year increase of 178%). The trading volume for options contracts reached 155.5 million (a month-over-month decrease of 2%, and a year-over-year increase of 63%). The nominal trading volume for cryptocurrencies reached $35.2 billion (a month-over-month increase of over 500%, and a year-over-year increase of over 700%). As of the end of November, the company's financing balance was $6.8 billion, the total cash collection balance was $26.5 billion, and total securities lending revenue was $23 million.