ChainCatcher news, Animoca Brands released its unaudited financial report for the second and third quarters of 2024. The data shows that the company's total booking revenue for the third quarter reached $69 million, a quarter-on-quarter increase of 43.8% and a year-on-year increase of 165%. Revenue primarily comes from three major business segments: Digital Asset Advisory (DAA) contributed $25 million, Web3 operations generated $39 million, and investment management revenue was $5 million.As of the end of September 2024, the company held $248 million in cash and stablecoins, and $330 million in liquid digital assets (including $218 million in available-for-sale assets and $112 million in unlocked tokens), mainly consisting of ETH, BTC, APE, and others. The company also holds $1.6 billion in off-balance-sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, and others.In terms of operating expenses, the third quarter amounted to $59 million, a quarter-on-quarter increase of 13.5%, primarily due to one-time consulting fees incurred from the MOCA token issuance in July.

ChainCatcher news, the German Digital Assets Company (DDA) has partnered with Heliad Crypto Partners to launch the DDA Heliad Dynamic Blockchain ETP (HELI) on the Börse Stuttgart, Germany's second-largest stock exchange.This new exchange-traded product (ETP) offers investors dynamically adjusted blockchain tokens, up to 13 types. The DDA Heliad Dynamic Blockchain ETP provides a new approach to cryptocurrency investment by tracking a dynamic index of leading blockchain tokens.

ChainCatcher news, according to CoinDesk, Swiss cryptocurrency custodian Taurus has reached a strategic partnership with global core banking software provider Temenos. Temenos currently has 67 offices in 40 countries, serving over 3,000 banks and financial institutions. This collaboration will allow banks using the Temenos system to create cryptocurrency wallets with one click, achieving seamless integration with traditional accounts.Taurus co-founder Lamine Brahimi stated that partner banks will have access to various digital assets, including cryptocurrencies, tokenized securities, and stablecoins. The integrated features support automatic deposits and withdrawals, transfers, as well as real-time accounting and compliance reporting. Notably, Taurus has already provided crypto custody services for institutions such as Deutsche Bank and State Street, and this is the first digital asset custody platform to achieve full integration with Temenos.

ChainCatcher news, the incoming Republican chairman of the U.S. Senate Banking Committee, Tim Scott, stated at the Blockchain Association Policy Summit: "In my view, cryptocurrency is the next miracle of the world."Tim Scott promised that his committee will have a cryptocurrency branch and will serve as the first chairman of the newly created Digital Assets Subcommittee.Tim Scott indicated that both chambers of Congress and the incoming administration of President Donald Trump will work in the same direction to push for legislation, with two starting points being the "Financial Innovation and Technology for the 21st Century Act" (FIT21), which aims to establish comprehensive crypto market safeguards and passed the House this year with significant bipartisan support, and a stablecoin bill that is close to a bipartisan agreement but has stalled due to some sticking points regarding the roles of federal and state governments.

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel stated in the Coin Stories podcast that by 2025, the price of Bitcoin could reach as high as $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that there is still a long way to go for corporate adoption of Bitcoin.He said that many traditional asset management firms (such as Morgan Stanley and Merrill Lynch) are owned by banks and brokers, and their progress in incorporating BTC into financial strategies has been slow. They are constrained by a heavily regulated structure and reliance on traditional asset allocation models (such as the 60-40 portfolio), which have yet to adjust to accommodate BTC ETFs.Sigel noted that this also indicates that about 80% of BTC ETF holders are retail or high-net-worth investors, who either diversify their investments from self-custody or expand existing positions. He added that institutional asset management firms have not yet made significant moves into this space.

ChainCatcher news, according to Grayscale's disclosure on X, its cryptocurrency portfolio now covers 30 digital assets, including AAVE, AVAX, BAT, BCH, FIL, GRT, LDO, LINK, LPT, LTC, MANA, MKR, NEAR, OP, RENDER, SOL, STX, SUI, TAO, XLM, XRP, and ZEC.

ChainCatcher news, the European digital asset platform Bitpanda has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) of the United Arab Emirates, and Bitpanda will facilitate the continuous growth of users in the Middle East and North Africa region.

ChainCatcher message, Gray announced on platform X that as of December 13, its suite of crypto products now supports 30 digital assets, including: $AAVE, $AVAX, $BAT, $BCH, $FIL, $GRT, $LDO, $LINK, $LPT, $LTC, $MANA, $MKR, $NEAR, $OP, $RENDER, $SOL, $STX, $SUI, $TAO, $XLM, $XRP, $ZEC, etc.

ChainCatcher news, according to CoinShares' latest weekly report, digital asset investment products continued to attract inflows last week, totaling $3.2 billion, marking the tenth consecutive week of inflows. Year-to-date, the total inflow has reached $44.5 billion, more than four times that of any other year. The average weekly trading volume of ETPs reached $21 billion, accounting for 30% of the total Bitcoin traded on trusted exchanges. In trusted exchanges, Bitcoin trading volume is highly liquid, with an average daily trading volume of $8.3 billion this year, which is twice that of the FTSE 100 index. In terms of regional capital flows, all regions experienced inflows, with overall sentiment generally positive, particularly in the U.S., Switzerland, Germany, and Brazil, which saw inflows of $3.1 billion, $36 million, $33 million, and $25 million, respectively.Bitcoin investment products attracted $2 billion in inflows, bringing the total inflow since the U.S. elections to $11.5 billion. Although the total assets under management (AuM) remain at a low level of $130 million, recent price increases have attracted $14.6 million in inflows for Bitcoin short products. Ethereum attracted inflows for the seventh consecutive week, totaling $1 billion, with total inflows over these seven weeks reaching $3.7 billion, indicating a significant improvement in market sentiment. With hopes for U.S.-listed ETFs rising, altcoin XRP attracted $145 million in inflows, while Polkadot and Litecoin attracted $3.7 million and $2.2 million in inflows, respectively.

ChainCatcher news, according to SBS Biz, the Korea Digital Asset Protection Foundation has officially begun operations, responsible for receiving, safeguarding, and managing user deposits and virtual assets held by virtual asset companies that have ceased operations, and returning them to users. Customer deposits held by trading companies in some virtual currency markets will also be transferred to the protection foundation.The protection foundation stated today that it has transferred the assets of approximately 40,000 users from five defunct virtual asset exchanges: Apro Korea, Ten and Ten, Hanbitco, Qbit, Pay Protocol, and AG to the foundation.Since the establishment of the protection foundation on September 26, the foundation has held individual meetings with the defunct companies to verify the status of the assets to be transferred, ensured the actual possession certification of user assets under custody, and conducted necessary procedures such as asset reviews and test transfers to ensure the safe transfer and management of user assets.The protection foundation plans to complete negotiations regarding the transfer of user assets with up to eight defunct companies by the end of this year, with five companies being the first to transfer assets.

ChainCatcher news, according to Bloomberg, Aya Kantorovich, co-founder of the institutional crypto platform August, stated that many people "are basing their expectations on a more favorable U.S. government (regulatory environment) for crypto." She added that this optimism is reflected in the demand for exchange-traded funds investing in digital assets.As of last Sunday, Bitcoin has consolidated a seven-week winning streak, the longest since 2021. However, the recent momentum has slowed, which may indicate that "a pullback could be imminent," wrote IG Australia Pty market analyst Tony Sycamore in a report.Since Trump won the presidential election on November 5, U.S. ETFs directly investing in Bitcoin have attracted a net inflow of $12.2 billion. During the same period, similar products for Ethereum saw a net inflow of $2.8 billion.

ChainCatcher news, previously, cryptocurrency supporter and U.S. Representative from Arkansas, French Hill, defeated three other competitors to win the position of Chairman of the Financial Services Committee.Hill currently serves as the Vice Chairman of the committee and heads the subcommittee on Digital Assets, Financial Technology, and Inclusion. He emphasized that he is very grateful for the opportunity to serve as the chairman of the committee.Outgoing Chairman Patrick McHenry praised Hill's leadership skills, particularly his expertise in financial technology and innovation. McHenry stated, "French's experience in the private sector, the Treasury Department, and as Vice Chairman has prepared him well for this role." He emphasized, "Under French Hill's leadership, the Republicans will ultimately establish a clear regulatory framework and strong consumer protections for the digital asset ecosystem based on this Congress." McHenry also highlighted Hill's contributions to advancing key legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21). Hill's appointment has garnered support from leaders in the cryptocurrency industry and lawmakers. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intellect, growth mindset, and innovative outlook."

ChainCatcher news, asset management company VanEck previously released ten predictions for the 2025 cryptocurrency market on the X platform, but later stated that VanEck may hold positions in the mentioned digital assets. The information published is not intended as advice for buying or selling any securities or digital assets mentioned, nor as a call to action.VanEck stated that investing in digital assets carries significant risks and is not suitable for all investors, as their prices are extremely volatile, and there is no guarantee that they will rise again if their value declines.VanEck added that any predictions, forecasts, or forward-looking statements published are based on simulated results from research and are valid as of the date of publication; users should conduct their own research and draw their own conclusions.

ChainCatcher news, according to Cointelegraph, the new chairman of the U.S. House Financial Services Committee, French Hill, stated that the U.S. urgently needs a cryptocurrency market structure bill, which is the "top priority" for the Republican Party, and plans to introduce a comprehensive cryptocurrency market structure bill within the first 100 days of the upcoming legislative session.The approval of the market structure bill would eliminate the regulatory uncertainty that has plagued the U.S. cryptocurrency industry for years, and supportive legislation for cryptocurrency could pave the way for the U.S. to promote digital asset innovation and prevent cryptocurrency companies from outsourcing offshore. French Hill also criticized the current regulatory approach under SEC Chairman Gary Gensler.He said, "Under Chairman Gensler's leadership, we have not established traffic rules. We only have enforcement regulation. This does not help the U.S. succeed, nor does it aid technological advancement, Web3 innovation, or the application of blockchain in public companies and financial services."

ChainCatcher news, Forbes reporter Eleanor Terrett posted on the X platform that with French Hill becoming the chairman of the House Financial Services Committee, he will vacate the position of chairman of the Digital Assets, Fintech and Inclusion Subcommittee.Currently, potential candidates to succeed him include the current subcommittee vice chairman Warren Davidson, as well as Representatives Frank Lucas and Mike Flood.

ChainCatcher news, Société Générale announced that it has signed a blockchain-based repurchase agreement with the French central bank, marking the first such tokenized transaction between the bank and the Eurozone central bank.In a press release, the bank stated that its digital asset subsidiary SG-Forge used some bonds issued on the public Ethereum blockchain in 2020 as collateral in exchange for central bank digital currency (CBDC) issued by the French central bank on its DL3S blockchain.Société Générale stated: "This transaction demonstrates the technical feasibility of conducting interbank refinancing operations directly on the blockchain. It highlights the potential of central bank digital currencies to enhance the liquidity of digital financial securities."

ChainCatcher news, Swiss digital asset company Taurus will expand into Turkey.Taurus stated that the establishment of the new office is due to the new digital asset regulatory framework. This expansion is also expected to build on the foundation of its Dubai operations and create a strategic corridor connecting the European, Middle Eastern, and Asian markets. It has already established relationships in the Turkish market, including a partnership with Turkey's first new bank, Misyon Bank, to provide asset custody and tokenization services.Taurus Managing Director Bashir Kazour stated that they already have three banking clients in Turkey, and now they will be able to better serve their expanding client base.

ChainCatcher news, Tether's official announcement disclosed data that as of the beginning of the fourth quarter of 2024, there are 109 million on-chain wallets holding USDT, which is more than twice the number of wallets holding Bitcoin and close to the 128 million wallets holding Ethereum, making USDT one of the most widely held digital assets.There are also 86 million accounts on centralized platforms that have received on-chain USDT deposits. In the first three quarters of 2024, exchanges received 4.5 billion network visits, with 46% of the traffic coming from emerging markets.In summary, Tether estimates that among all 330 million on-chain users, at least one-third (109 million), and possibly half, still hold USDT.