ChainCatcher news, a Texas court has ordered the U.S. Securities and Exchange Commission to repeal a controversial rule that broadly redefined the term "Dealer," a move that has impacted both cryptocurrency-focused financial firms and traditional financial companies.Judge Reed O'Connor found that the rule was passed in February by a 3 to 2 vote, exceeding the statutory authority of the SEC. Traditionally, a dealer refers to an entity that buys and sells securities for itself rather than for others. The SEC expanded the definition in an attempt to include any entity capable of providing market liquidity, particularly in the U.S. Treasury market.In a footnote of the original proposal draft, it was explicitly stated that those "engaged in the trading of crypto securities" must comply with securities laws, register with the SEC, and join industry-supported self-regulatory organizations. Initially, participants in the crypto industry objected to the rule. The expanded interpretation effectively eliminated the distinction between "trader" and "dealer" in traditional understanding.The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit against the securities regulator in April (the month the rule officially took effect), claiming that the rule's intervention in the crypto space was excessive and conflicted with existing laws regulating securities dealers, which have been in place for 90 years.

ChainCatcher news, Galaxy announced on the X platform that it has expanded its business to Hong Kong, stating that Hong Kong's support for the digital asset market makes it a promising region for innovation and potential growth.Galaxy CEO Mike Novogratz stated that Hong Kong understands that digital assets and blockchain technology have the potential to become a conduit for the flow of funds and assets. The local government's support for this industry is a key factor in Galaxy's decision to invest in Hong Kong, and failing to follow Hong Kong's lead and prioritize innovation could lead to being left behind.

ChainCatcher news, fast food giant McDonald's has partnered with NFT brand Doodles to launch co-branded coffee and collectibles, including a custom McCafé x Doodles Holiday cup, as well as a marketing campaign called "GM Spread Joy," allowing U.S. customers to participate in 13,500 McDonald's locations.

ChainCatcher news, Franklin Templeton has expanded trading of its OnChain U.S. Government Money Market Fund (FOBXX) to Ethereum.The asset management company has added a range of new blockchains to support the fund this year, including the recent Coinbase's Base, Aptos, and Avalanche. It uses the Stellar network as its primary public blockchain.FOBXX was launched in 2021, becoming the first money market fund to use a public blockchain to track transactions and ownership. Currently, its market capitalization is $410 million, making it the third-largest tokenized money market fund.

ChainCatcher message, Band Protocol rebranded as Band and announced the launch of Band v3, aimed at becoming the most developer-friendly oracle in the crypto space. The new brand and Band v3 will be launched across all platforms in early 2025.

ChainCatcher message, supported by Coinbase, the cryptocurrency advocacy organization Stand With Crypto has expanded to Australia as part of a broader initiative to promote regulatory clarity and cryptocurrency-friendly policies in the country.Tom Duff Gordon, Vice President of International Policy at Coinbase, stated that the goal of launching the new branch of "Stand With Crypto" is to draw political attention to the numerous use cases of blockchain and to encourage the development of "reasonable" legislation for cryptocurrency companies operating within Australia.

According to ChainCatcher, The Block reported that MakerDAO voted to maintain its rebranded name "Sky," a move that is part of founder Rune Christensen's "Endgame" plan aimed at launching new types of stablecoins and establishing "subDAOs" to build crypto applications and infrastructure.Although some members within the community have expressed concerns about the brand shift of the decentralized protocol, among about 20 voting entities, only four major holders controlled nearly 80% of the voting power, all of whom supported the retention of the Sky brand.As part of the Endgame plan, Sky plans to launch several new stablecoins, including the decentralized PureDAI and the regulatory-compliant NewStable, and will be launched on Solana and Ethereum L2 Base. Additionally, the project will integrate Aave, launch the SkyLink cross-chain bridge, and venture into asset tokenization.

ChainCatcher News, the number of initial jobless claims in the U.S. increased by 3,000 to 221,000 for the week ending November 2, in line with market expectations. The number of continuing jobless claims rose to 1.892 million, the highest level since November 2021, possibly reflecting the lingering effects of last month's hurricane and strikes.As the impact of the hurricane fades, initial jobless claims have decreased. Boeing reached an agreement to end the strike on Tuesday, which also means that the impact on the job market should soon diminish. Before adjusting for seasonal factors, initial jobless claims rose last week. California, Michigan, and Ohio saw the largest increases, while initial jobless claims in Florida and Georgia decreased. (Jin Shi)

ChainCatcher news, Solana storage expansion solution Xandeum has confirmed the details of the upcoming token and the liquid staking program that supports storage. The XAND token will officially launch on October 29 at 16:00 (UTC).The issuance of the XAND token and LST will be accompanied by the Xandeum airdrop, with 60 million tokens to be distributed to eligible users on October 29.

ChainCatcher news, Tesla (TSLA.O) gains expanded to 16%. Tesla (TSLA.O) Q3 2024 revenue was $25.18 billion, market expectations were $25.4 billion, and $23.35 billion in the same period last year. Tesla's Bitcoin holdings remained unchanged in Q3 2024.

ChainCatcher News: Japanese Web3 infrastructure company KEKKAI Labs announced the rebranding of its Web3 security solution KEKKAI to Alpha Network and the launch of the cross-platform Web3 operating system AlphaOS. This upgrade not only showcases KEKKAI's innovation in the integration of AI and Web3 but also brings enhanced benefits to users. AlphaOS adds intelligent Alpha recommendations, AI cross-chain transactions, and point rewards on top of the existing security features, providing a more intelligent Web3 experience.Alpha Network has created the world's first decentralized AI data execution layer, offering solutions to the shortage of AI training data. Through decentralized data storage, it ensures compliance and security in data sharing, allowing users to earn token rewards by contributing data. AlphaOS will seamlessly upgrade from the original KEKKAI Plugin and will launch a web version, with plans for mobile and desktop versions in the future, continuously expanding AI-driven automation features.In the future, Alpha Network will focus on the deep integration of Web3 and AI, building a decentralized data economy ecosystem to provide global users with a more efficient and convenient Web3 experience.

According to ChainCatcher news, leading global lithography system manufacturer ASML has released its Q3 2024 financial report and lowered its performance expectations for 2025, raising concerns among investors, which led to a more than 10% drop in its U.S. stock during trading. As a result, the Nasdaq Composite Index fell by more than 1%, and the stock price of semiconductor giant NVIDIA saw a decline of 5.7%, marking the largest single-day drop since September 6, 2024.According to the financial data released by ASML, the company's gross margin for Q3 was 50.8%, slightly above the market expectation of 50.7%. The new orders for Q3 amounted to only €2.63 billion, far below the market expectation of €5.39 billion.ASML expects its net sales for Q4 of FY 2024 to be between €8.8 billion and €9.2 billion, with the market expectation at €8.95 billion; the full-year net sales expectation remains at €28 billion, with the market expectation at €27.71 billion.ASML anticipates that net sales for 2025 will be between €30 billion and €35 billion, while the market expectation is €35.94 billion. The gross margin expectation for FY 2025 has been lowered to a range of 51% to 53%, down from the previous expectation of 54% to 56%.

ChainCatcher message, the full-chain identity and distribution protocol Layer3 has announced its expansion to the Solana network, aiming to create a consumer distribution layer for the Solana protocol, supported by L3 tokens natively provided on Solana via Wormhole.This expansion brings several new features, including optional token migration through Wormhole & Portal, new leaderboards, rewards, user progress and community structure, as well as L3 staking on Solana via Wormhole.

ChainCatcher news, according to the Hong Kong Monetary Authority (HKMA) official website, the HKMA today launched the second phase of the "e-HKD" pilot scheme, further exploring new types of digital currencies that individuals and businesses can use, including "e-HKD" and tokenized deposits. The project name has been changed to "e-HKD+" to reflect a broader exploration of the digital currency ecosystem. 11 selected institutions will conduct innovative use case studies in three major areas: tokenized asset settlement, programmability, and offline payments. This phase of research will help the HKMA understand the design and operational issues that may arise in a digital currency ecosystem where public and private coexist.

According to ChainCatcher news, STEPN GO has expanded its collaboration with the sports brand adidas to launch 1,000 pairs of brand new co-branded Genesis sneakers, which will be sold exclusively on STEPN GO. There are 4 unique designs inspired by the brand's most iconic running shoe models.From 8 PM on September 25 to 8 PM on September 30, holders of GMT can participate in the Genesis lottery for a chance to qualify for purchase.

ChainCatcher news, according to the Associated Press, the FBI has found evidence that Iranian hackers stole materials from Trump's campaign team this summer and provided them to the Biden or Harris campaign teams at the time. The report indicates that these emails were sent in June and July to "individuals associated with the Biden campaign," when Biden was still the Democratic candidate. The FBI discovered this "unsolicited" evidence during its investigation into election interference. Government statements noted that these emails "contained excerpts from non-public materials stolen from former President Trump's campaign as the email text."The Harris campaign team issued a statement saying they were the "victims" of the hacking attack.

ChainCatcher live report, Polygon co-founder Sandeep Nailwal delivered a speech titled "The Age of Aggregation" at the TOKEN2049 conference, exploring the current state and future trends of the blockchain industry. Sandeep pointed out that although the blockchain industry has achieved some success, core issues such as scalability and interoperability still need to be addressed. He emphasized that to achieve global adoption of blockchain, it is essential to break the limitations of traditional frameworks and pursue infinite scalability and unified protocols.In his speech, Sandeep introduced Polygon's innovative attempts to solve these problems, particularly how its latest products achieve cross-chain interoperability and security guarantees by adding an additional layer of architecture. This architecture not only unifies liquidity but also allows developers to maintain full control over their projects while enjoying infinite scalability. He mentioned that Polygon's goal is to enable every application to launch its own chain without being isolated, thereby building a true value internet.Sandeep also shared Polygon's optimistic outlook for the future of the blockchain industry and called on developers to actively embrace change and work together to promote the healthy development of the industry. He stated that with continuous technological advancements and the increasingly完善 ecosystem, blockchain will play an important role in a wider range of fields, injecting new vitality into the global economy.Finally, Sandeep revealed new features and tools that Polygon is about to launch, aimed at further lowering the development threshold and enhancing user experience. These innovative initiatives will undoubtedly bring more possibilities and opportunities to the blockchain industry.

ChainCatcher news, according to Cointelegraph, the Maker protocol has officially been renamed to Sky and has announced the names of its upgraded stablecoin and native governance token, aiming to make decentralized finance (DeFi) more accessible to the general public.As part of the rebranding, Maker has renamed the world's largest decentralized stablecoin Dai (DAI) to USDS.The protocol has also launched the Sky (SKY) native governance token for the broader Sky ecosystem, serving as an upgraded version of the Maker (MKR) token.MakerDAO co-founder Rune Christensen stated that this rebranding is a step towards embracing "the next evolution of DeFi."