ChainCatche news, the encrypted trading platform Legend Trading's subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Additionally, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). In Ireland, VASPs registered and operating before December 30, 2024, can continue their business under the transitional provisions set by MiCA while submitting their CASP authorization application.

ChainCatcher news, according to News1, South Korean telecom giant SK Telecom's subsidiary SK Planet announced a business agreement with Animoca Brands to collaborate on its marketing platforms such as OK Cashback and Syrup. In the future, SK Planet plans to establish processes for OK Cashbag and Syrup members to experience various services of Mocha Bus and provide Animoca Brands' Mocha Coin during events.

ChainCatcher news, AXIOS analyzes the core economic agenda of U.S. Treasury Secretary nominee Scott Bessenet's "3/3/3" policy guideline, which aims to reduce the budget deficit to 3% of GDP, achieve a 3% annual economic growth rate, and increase domestic oil production by 3 million barrels per day.Currently, the U.S. deficit is expected to remain between 6% and 7% of GDP in the coming years, forming a spiraling upward trend that may pose a risk of significant interest rate increases, thus the first agenda will satisfy the "deficit hawks." Regarding the second agenda, the U.S. has historically achieved around 3% growth for a long time, but this goal may conflict with Trump's immigration restriction policies. As for the third agenda, U.S. oil production is currently around 13 million barrels per day, with a market oversupply, and energy executives have questioned the geological feasibility of further significant increases in production.

ChainCatcher news, according to Ki Young Ju, founder and CEO of CryptoQuant, there are currently about 4.43 million ASIC miners providing computational power support for the Bitcoin network, pushing the total network hash rate to a historical high.This growth mainly comes from the increase in the number of miners, rather than improvements in chip performance. Since the beginning of this year, the number of miners has increased by 826,000 units, a year-on-year growth of 23%.

ChainCatcher news, the TON Foundation has granted a $500,000 funding to the blockchain developer HOT Labs. This funding will be used to create a platform for deploying and running memecoins on TON.HOT Labs is one of the first beneficiaries to receive funding from the TON Foundation. After receiving the $500,000 grant, the beneficiaries are required to set KPIs, submit a project progress report every two weeks, and provide regular project updates. The TON Memecoin Working Group will support beneficiaries, including HOT Labs, by leading and facilitating marketing and business development efforts.HOT Labs is a research team that has built multiple products around Chain Signature, founded by Petr Volnov and Yuriy Olentyr.

ChainCatcher news, Barrick Gold CEO stated: "Cryptocurrency is highly volatile and is indeed affected by elections. But I don't believe it has the same fundamentals as gold. When you examine the global monetary system, fiat currencies, and the debt we are facing, you will find that many large global investors have already started to liquidate some of their investments and shift their funds."

ChainCatcher message, cryptocurrency supporter Howard Lutnick, who has been nominated by Trump as Secretary of Commerce, previously stated that he would resign from his positions at Cantor, BGC, and Newmark after Senate approval. Howard Lutnick currently serves as CEO of Cantor, and he plans to transfer the company's Tether business relationships to a colleague, who is reportedly likely to be his son Brandon Lutnick. Brandon Lutnick previously interned in Tether's Swiss operations and is currently working at Cantor. It is said that during his internship in Lugano, he counted the gold bars backing Tether Gold, which supports Tether's value of $660 million.

ChainCatcher news, according to The Wall Street Journal, Scott Bessenet stated in his first interview after being nominated by President-elect Trump as the U.S. Secretary of the Treasury that his policy focus will be on fulfilling Trump's various tax cut promises. These measures include making the tax cuts from his first term permanent and eliminating taxes on tips, Social Security benefits, and overtime pay. Bessenet stated that imposing tariffs and cutting spending, as well as "maintaining the dollar's status as the world's reserve currency," will be key priorities.The report noted that Bessenet is one of Trump's closest advisors, adding depth to Trump's economic proposals and defending his more aggressive trade policy plans. He believes that President-elect Trump's plans to extend tax cuts and relax regulations in certain areas of the U.S. economy will create an "economic bonanza."

ChainCatcher news reports that according to 4E monitoring, last Friday, the three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising nearly 1%, reaching a historic high. The S&P 500 index rose by 0.35%, marking five consecutive trading days of gains, while the Nasdaq increased by 0.16%. Over the week, the Dow accumulated a 2% increase, and both the S&P 500 and Nasdaq rose by 1.7%. As the "Trump Cabinet 2.0" gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.Cryptocurrencies showed an upward trend last week, with the market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price movements. As BTC continues to hit new highs approaching $100,000, market activity has significantly increased, and altcoins generally saw substantial gains following the market trend, while the popularity of meme projects declined last week.In the forex commodities sector, the U.S. dollar index rose nearly 1% last week, surpassing the 108 mark and reaching a two-year high. The bleak economic outlook for the Eurozone has dampened oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose about 6% last week, marking the best performance in two months. Recent trends in gold have been supported by strong risk aversion and reduced expectations for a Fed rate cut in December, with gold prices rising for five consecutive days last week, accumulating a 5.7% increase, the largest weekly gain in nearly two years.After Trump's victory in the presidential election, the Fed's stance on rate cuts has become increasingly cautious. Last week, a series of hawkish comments from Fed officials cast a shadow over the highly anticipated prospect of a Fed rate cut in December. The minutes from the Fed's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released on Tuesday and Wednesday local time, respectively, which may stir market waves. Currently, investors expect the likelihood of a Fed rate cut in December to be slightly above 50%. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on X: "Despite the FUD that has existed for years, Binance's customer BTC balance has grown by 25% this year. It holds a 40% market share of Bitcoin reserves among global PoR exchanges and is growing every year. Losing Binance would make it difficult for the global crypto ecosystem to recover for a while."

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on X: "The Bitcoin holding premium of MSTR has returned to the levels seen during the 2021 bull market.Its premium peaked in mid-2021 but never fell below zero during the last bear market. During this period, the GBTC negative premium rate dropped to -48%, triggering a crisis as leverage was unwound.Michael Saylor knows how to handle leverage. During the 2022 bear market, he kept MicroStrategy stable and effectively managed Bitcoin market risks."

ChainCatcher news, Whale Alert monitoring shows that around 02:45 Beijing time today, a dormant address containing 50 BTC was activated after 11 years. These bitcoins were worth only $42,300 in 2013 and are now valued at approximately $4.82 million.

ChainCatcher news, according to Binance market data, MANTA has broken through 1.10 USDT, currently quoted at 1.124 USDT, with a 24-hour increase of 11.62%.

ChainCatcher news, U.S. presidential candidate Donald Trump's nominee for Secretary of Commerce, Howard Lutnick, is exploring ways to strengthen financial ties with Tether, the world's largest stablecoin operator, planning to launch a $2 billion project to provide dollar loans to clients using Bitcoin as collateral.Howard Lutnick's financial services company Cantor Fitzgerald is in discussions to secure support from Tether to help fund the project, which could amount to several billion dollars.Tether currently holds billions of dollars in U.S. Treasury bonds through Cantor's custody business, which underpins the value of its dominant USDT stablecoin. According to insiders, this custody relationship generates tens of millions of dollars in revenue for Cantor each year.

ChainCatcher News, the U.S. House of Representatives will address Congressman Mike Flood's recent statement: "Despite widespread opposition, SAB 121 continues to operate as a regulation, even though it has never gone through the normal Administrative Procedure Act process."Flood stated: "I look forward to working with the next SEC Chair to rescind SAB 121. Whether Chair Gary Gensler resigns on his own or President Trump fulfills his (promise to fire Gensler), the new administration has a tremendous opportunity to usher in a new era post-Gensler."He added: "Gensler's opposition to the bipartisan digital asset regulatory framework passed by the House earlier this year should come as no surprise. 71 Democrats joined House Republicans in passing this commonsense framework. Although the Democrat-led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and could inform the work of a unified Republican government when the next Congress begins in January."

ChainCatcher news, according to The Block, a spokesperson for Tether stated, "The relationship between Tether and Cantor Fitzgerald is purely professional and based on managing reserves. The claim that Howard Lutnick joined the transition team in some way implies influence over regulatory actions is nonsense."Lutnick stated on Wednesday that after Senate approval, he would resign from his positions at Cantor, BGC, and Newmark. In a statement, he said, "I intend to divest my interests in these companies to comply with the ethical standards of the U.S. government and do not expect any arrangements involving the sale of stock in the public market."Previously, The Wall Street Journal reported that Tether owner Giancarlo Devasini had privately stated earlier this year that Cantor Fitzgerald Chairman and Trump transition advisor Howard Lutnick would leverage his political influence to mitigate the threats facing Tether.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X that the Bitcoin market has not yet entered a bubble phase. In terms of Realized Cap, the growth of market capitalization is not significant compared to the cumulative on-chain capital inflow. Based on the current steady upward trend of the Realized Cap, there is still room for Bitcoin's price to rise, with a target price of $141,000.Ki Young Ju explained that Realized Cap measures the scale of market capital inflow by calculating the total value of all Bitcoins at the time of their last on-chain transfer. Historical data shows that during bull markets, market capitalization often exceeds Realized Cap and peaks when retail investors enter; while during bear markets, market capitalization may fall below Realized Cap.

ChainCatcher news, according to sources cited by Bloomberg Terminal, Cantor will acquire approximately 5% ownership interest in Tether.

ChainCatcher news, according to data from RootData, the Manta Network token (MANTA) has broken through $1, currently priced at $1.006, with a 24-hour increase of 18%.According to the Web3 asset data platform RootData, [Manta Network](https://www.rootdata.com/zh/Projects/detail/Manta Network?k=NjY2 "A multi-module ecosystem for zero-knowledge applications") is a multi-module ecosystem for zero-knowledge applications. Manta Atlantic is the fastest ZK L1 chain, bringing programmable privacy to web3 through compliant on-chain privacy and identity. Manta Pacific is a unique L2 ecosystem for EVM-native ZK applications, providing a scalable and low Gas fee environment for deploying using only Solidity. Together, Manta Atlantic and Manta Pacific offer an unparalleled experience for the development and adoption of next-generation Web3 applications through the application of zero-knowledge encryption technology.