ChainCatcher news, according to The Defiant, the venture capital database Pitchbook predicts in its 2025 Corporate Technology Outlook report that venture capital firms will double their investments in cryptocurrency next year, with investments exceeding $18 billion, nearly double the $9.9 billion invested in 2024.Pitchbook analysts state that as comprehensive venture capital firms return to the blockchain and cryptocurrency space, and with the participation of large financial institutions, cryptocurrency-focused venture capital firms will be strengthened; although the $18 billion investment "is far below the $24.7 billion in 2021 and $29.8 billion in 2022, the participation of major traditional financial institutions such as BlackRock, Franklin Templeton, and Goldman Sachs is expected to continue to enhance investor confidence in the cryptocurrency market; in addition to a large client base, these institutions also bring legitimacy to the cryptocurrency industry and have the potential to accelerate mainstream investors' acceptance of digital assets. They also bring expertise and long-term relationships with regulators, which will make them "effective intermediaries, creating a trust environment that cryptocurrency-native companies often find difficult to achieve while complying with regulations."

ChainCatcher news, blockchain security monitoring company Cyvers Alerts posted on the X platform that the total losses from hacking and fraud in the crypto space have exceeded $6 billion. Compared to last year, overall exploitations have increased by 40%, with access control vulnerabilities being predominant, causing 81% of the losses.

ChainCatcher news, former Coinbase CTO Balaji Srinivasan tweeted that AI originates from academic research and large tech companies, thus having a higher reputation; whereas cryptocurrency technology originates from anonymous forums and internet communities, initially having a lower reputation.However, AI makes everything easy to forge, while cryptocurrency technology makes forgery difficult, and the reputations of the two may gradually converge. He believes that although AI is widely recognized as an important technology with civilizational significance, the value of cryptocurrency technology is underestimated, and in the future, the reputations of both will gradually approach each other.

ChainCatcher message, according to a study by KPMG on the Australian fintech industry, it is found that over 7% of fintech companies headquartered in Australia will close in 2024, with the blockchain and cryptocurrency market being the hardest hit.The report indicates that the total number of independent fintech companies in Australia has declined for two consecutive years, from 800 companies in 2022 to 767 active companies as of December 9, covering various business sectors.Among the 60 Australian fintech companies closing in 2024, 14% are from the blockchain and cryptocurrency industry. The report states: "The blockchain and cryptocurrency sector in the Australian fintech industry has been hit the hardest, with the number of active companies decreasing by 14% year-on-year by 2024, leaving only 74."

ChainCatcher news, Binance CEO Richard Teng tweeted that the crypto space is not just about "HODLing" and "flipping tokens," but also about learning and growing. "True geniuses read white papers, understand the technology, and stay ahead in the game. It's time to put in the effort."

ChainCatcher news, according to market news, Trump has appointed PayPal co-founder David Sacks as the head of the cryptocurrency sector, responsible for leading U.S. policy and regulatory affairs in the cryptocurrency field. David Sacks is a well-known Silicon Valley investor and a supporter of blockchain technology.

ChainCatcher news, Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.It noted that with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and the Financial Accounting Standards Board (FASB) revising fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways.Chainalysis also mentioned that the funds flowing into "legitimate" services so far this year are at the "highest level" since 2021 (the last peak of the bull market). It pointed out that illegal activity funds have decreased by "19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing on-chain illegal activities."These signs suggest that cryptocurrencies will continue to be "adopted globally," which is also reflected in Japan's crypto ecosystem. Overall, Japan's services have a "generally lower exposure to global illegal entities, such as sanctioned entities, dark web markets (DNM), and ransomware services, as most Japanese services primarily target Japanese users."However, the report clarifies that this does not mean Japan is "completely immune to crypto-related crime," with public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasizing that cryptocurrencies pose a "significant money laundering risk." Chainalysis further pointed out that although Japan's contact with international illegal entities may be limited, the country "is not without its own local challenges. Off-chain criminal entities utilizing cryptocurrencies are common but often remain unknown." (Crowdfund Insider)

ChainCatcher news, according to Crypto Briefing, SEC Commissioner Mark Uyeda stated in an interview with Fox Business that he supports establishing a safe harbor and regulatory sandbox mechanism in the cryptocurrency space to promote innovation.As a leading candidate for SEC Chairman under the Trump administration, Uyeda emphasized the need to end the so-called "crypto war" and to create a clearer regulatory framework. Uyeda pointed out that "many crypto assets are not actually securities, yet they are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a comprehensive regulatory framework.

ChainCatcher news, Hyla Fund Management is launching a new fund with a size of $30 million, focusing on the cryptocurrency sector in Latin America. Hyla represents clients investing in other hedge funds, managing $115 million in assets.Hyla CEO Paola Origel stated that the Latin American cryptocurrency market is still small but full of opportunities. She mentioned that crypto funds act as a bridge between traditional investors and the crypto ecosystem. The crypto space is an emerging field and is developing rapidly, with some investors lacking the time, resources, or expertise to delve into the industry and determine which crypto hedge funds they want to invest in. This is where Hyla comes in.She also stated that Hyla aims to become "the Goldman Sachs of the digital asset space." The company currently offers a variety of strategies, including its liquidity risk investment fund and market-neutral return strategies in Bitcoin and Ethereum. The new Latin American fund is scheduled to launch in January 2025, which will increase Hyla's assets under management by $30 million.

ChainCatcher news, according to Bloomberg, venture capital in the cryptocurrency sector saw a significant decline in the third quarter before the election fervor of elected President Trump revived industry sentiment. PitchBook data shows that in the three months ending September 30, cryptocurrency startups attracted $1.7 billion in investment, a decrease of 31.3% from the previous quarter. The number of deals completed fell by 25.3% to 392.PitchBook senior analyst Robert Le wrote in the report, "We believe this adjustment is a natural and necessary component of a healthy cryptocurrency market." Le attributed the decline in cryptocurrency venture capital deals to macroeconomic factors, including increased market volatility and concerns about a recession in the U.S. Similar to the previous quarter, new infrastructure projects like blockchain continued to attract venture capitalists in the third quarter. Le stated that he expects further consolidation among cryptocurrency exchanges, custodians, and infrastructure companies in the future.

ChainCatcher news, November 7, Bitfinex analysts expect that after Trump's election as President of the United States, the crypto market will welcome a "new wave of hope."As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts stated, "We expect that in the short term, a significant amount of capital will be released for the crypto sector. Furthermore, this may influence the approach taken by the U.S. SEC, which is widely regarded as having a hostile stance towards the crypto industry."

According to ChainCatcher, a report from the security firm stated that in October 2024, there were a total of 20 hacker attacks in the cryptocurrency sector, resulting in losses of approximately $88.47 million. The top 5 hacker attacks include:RadiantCapital: $53 million (bridged to Ethereum);U.S. government seized funds: $20 million (returned);Eigenlayer: $5.7 million (money laundering transferred to HitBTC, Bybit);TapiocaFoundation: $4.7 million (BNBChain);SUNRAYFINANCE: $2.86 million (BNBChain).

ChainCatcher news, according to CoinDesk, Darius Sit, co-founder and chief investment officer of Singapore-based crypto trading firm QCP Capital, believes that the impact of the world's largest asset management company BlackRock entering the crypto space is more significant than the U.S. presidential election.Although support for Republican candidate Trump may bring short-term market volatility, Sit pointed out that BlackRock's Bitcoin ETF has brought cryptocurrencies into the mainstream investment arena. Sit stated that when BlackRock CEO Larry Fink publicly declared Bitcoin as a "store of value" on CNBC, it marked an elevation of cryptocurrencies' status in the U.S. investment market.Additionally, Sit noted that despite Trump's promise to create a more crypto-friendly policy during his campaign, the growth potential of the global market remains to be seen. QCP has recently expanded its business in Abu Dhabi, where regulators view digital assets as part of the capital markets, providing a stable market environment.

ChainCatcher news, according to The Block, TechCrunch founder Michael Arrington posted on X that the payment company Stripe has acquired the stablecoin platform Bridge for $1.1 billion.Bridge is Stripe's largest acquisition to date and the biggest acquisition in the history of the crypto industry. Bridge previously raised $58 million, including a $40 million Series A round at a valuation of $200 million.Bridge was founded by entrepreneurs Sean Yu and Zach Abrams, providing software tools to help businesses accept stablecoin payments. The two founders previously sold Evenly, a competitor to Venmo, to Block in 2013; Abrams is also a former senior employee at Coinbase.