ChainCatcher news, according to Lookonchain monitoring, a whale holding $134 million in assets has withdrawn 429,999 LINK (worth about $12.55 million) and 1,600 ETH (worth about $6.3 million) from exchanges in the past 48 hours.

ChainCatcher news, according to Jin10, Societe Generale expects the Federal Reserve to adopt a hawkish rate cut policy, and the bank may "open the door for pausing further rate cuts, but the duration of the pause is uncertain."In addition, Jim Baird, Chief Investment Officer of Plante Moran Financial Advisors, stated that any factors leading to market expectations that the Federal Reserve's rate cut pace may be slower than investors anticipate could provide some downside potential for the stock market.

ChainCatcher news, according to BusinessWire, a group of investors has recently filed a class action lawsuit against the founder of the Texas-based Bitcoin mining company Rhodium Enterprises, accusing him of fraud.The lawsuit was filed by attorneys from Iacuone McAllister Potter, claiming that the defendants (including Rhodium executives and Imperium Investments Holdings, LLC based in Fort Worth) deliberately misled the plaintiffs by concealing key information and engaging in proprietary trading, resulting in a total investment of $33 million. The case has been filed in the Tarrant County District Court. The lawsuit states, "The defendants intentionally misled and deceived the plaintiffs to secure their millions of dollars in investments so that the defendants could enrich themselves and make Imperium wealthy."The plaintiffs include a dozen investors in Rhodium, who claim that important facts regarding their investments and Rhodium's business operations were deliberately concealed. Most notably, the lawsuit alleges that the defendants failed to disclose a pending transaction to sell Rhodium's operational facilities to direct competitor Riot Blockchain, a deal that directly triggered conflicts with key power contracts.

ChainCatcher news, regarding BiT Global suing Coinbase for $1 billion, accusing it of market manipulation by delisting WBTC. Coinbase's Chief Legal Officer posted on X: "When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market demands without sacrificing those standards, we will list it."

ChainCatcher news, according to WatcherGuru, U.S. crypto-friendly Senator Cynthia Lummis has met with incoming Treasury Secretary Scott Bessent of the Trump administration to discuss issues related to Bitcoin as a strategic reserve.

ChainCatcher news, according to Decrypt, Japanese Senator Satoshi Hamada officially submitted a proposal to the National Diet on December 11 to discuss the establishment of a national Bitcoin reserve. This suggestion echoes the global trend of promoting the establishment of Bitcoin reserves, including similar proposals from Russia, Brazil, Poland, and the United States.As the price of Bitcoin broke its historical high this month, reaching $103,000, discussions on establishing national Bitcoin reserves have gained support in several countries. Senator Hamada believes that Bitcoin reserves can help address global economic challenges and protect national assets.

ChainCatcher message, according to Onchain Lens monitoring, about 17 hours ago, a newly created wallet withdrew nearly 1,999,798 USDC from Coinbase, then the whale bought 2,408,125 AI16Z, and six hours ago transferred these tokens to another address.

ChainCatcher news, according to Bitcoin Magazine, Japanese lawmaker Satoshi Hamada submitted an inquiry to the government on December 11, 2024, requesting updates on the latest developments regarding the promotion of Bitcoin reserves by the United States and other countries.

ChainCatcher message, according to Onchain Lens monitoring, a newly created address has withdrawn 67,162 SOL (approximately 15.36 million USD) from Coinbase in the past 15 hours, with an average price of 228.74 USD.

ChainCatcher news, a letter shared by Musk on the X platform shows that his lawyer Alex Spiro wrote to SEC Chairman Gary Gensler yesterday, disclosing that the SEC has demanded Musk accept a settlement involving monetary compensation within 48 hours, or face multiple charges.According to the letter, SEC staff indicated that the request came from higher-ups. Alex Spiro pointed out that this is the latest action following years of investigation and six years of harassment by the SEC against Musk. When the SEC recently summoned Alex Spiro to testify and threatened to send a subpoena, he explicitly refused.The letter questions whether the SEC's actions are not aimed at seeking the truth, but rather an improper crackdown on Musk and his associates, and demands to know whether these actions are directed by the SEC Chairman or the White House.

ChainCatcher news, lawyer Liu Yang stated that in the future, China may implement a licensing system for certain virtual currency businesses, such as the exchange of fiat currency and virtual currency.Based on the current judicial situation, it is possible that relevant departments will be authorized to engage in the exchange of virtual currency to fiat currency, and it is highly likely to be one-way, rather than free exchange; however, trading virtual currency is difficult to liberalize, and issuing coins and mining cannot be liberalized at this stage.

ChainCatcher news, South Korean President Yoon Suk-yeol delivered a televised address to the nation on the morning of the 12th, justifying the emergency martial law implemented on the 3rd.Yoon stated that the actions of the opposition party threaten constitutional order, and that as president, the implementation of emergency martial law is not intended to undermine the country's constitutional order, but rather to inform the public that the nation is in a state of crisis, to protect constitutional order, and to restore the national constitution. He accused the opposition of falsely accusing him of "insurrection" and engaging in impeachment efforts, stating that he would fully cooperate with any impeachment or investigation. (Kim Ten)

ChainCatcher news, according to Cointelegraph, the world's top scientific journal Nature reported on December 11 the decentralized science (DeSci) project ResearchHub. The platform incentivizes academic peer review through its native token ResearchCoin (RSC), with approximately $150 worth of token rewards for each paper review.ResearchHub is supported by Coinbase CEO Brian Armstrong, who emphasized that peer review should be compensated at the ResearchHub Journal launch event held in San Francisco last month. The platform charges a $1,000 paper processing fee and a 7% transaction fee on ResearchCoin (RSC), of which 2% is returned to the community.The RSC token has risen 23.1% in the last 24 hours, currently priced at $0.9967, with a market cap of $99.62 million.

ChainCatcher news, according to The Block, due to opposition from the digital asset industry to the anti-cryptocurrency stance of SEC Commissioner Caroline Crenshaw, the vote on the re-nomination of her tenure by U.S. senators is currently pending. A person familiar with the Crenshaw nomination process stated that the voting outcome "remains to be determined."The vote was originally scheduled for Wednesday as part of a U.S. Senate Banking Committee hearing. According to a statement released later on Wednesday, the committee's chairman, Ohio Democratic Senator Sherrod Brown, stated that Republicans blocked the committee from holding a vote to nominate Crenshaw and Gordon Ito to the Financial Stability Oversight Council. Brown noted that the committee, which convened more than two hours after the Senate session, requires unanimous consent from all senators, which is usually achievable. However, Republicans opposed convening the meeting for a vote.Brown stated in the announcement, "This is why people hate Washington; corporate special interest groups have launched a despicable smear campaign against Caroline Crenshaw, who is an Army Reserve veteran and public servant, nominated and confirmed by a Republican president and Republican Senate. She has undergone thorough scrutiny and has gone through every step of the nomination process. Republican senators are carrying out the orders of corporate special interest groups and obstructing her confirmation."

ChainCatcher news, the Arbitrum Foundation and Ubisoft have announced that a Web3 shooting game, Captain Laserhawk: The GAME, will debut on December 18. To prepare for the game's release, the two teams have collaborated with Magic Eden to launch the Niji Warrior series of NFTs for the game, which are now available for free minting. This dynamic NFT grants exclusive game privileges, including early access rights, and empowers players to influence game development.Captain Laserhawk: The GAME is a competitive multiplayer shooting game set in the dystopian world of Eden, inspired by the Netflix series Captain Laserhawk: A Blood Dragon Remix.

ChainCatcher news, according to Jinshi reports, the U.S. Consumer Price Index (CPI) in November recorded the largest increase in seven months, but against the backdrop of a cooling job market, this is unlikely to prevent the Federal Reserve from cutting interest rates for the third time next week. Data shows that last month the CPI rose by 0.3% month-on-month, the largest increase since April, after the index had risen by 0.2% for four consecutive months. The year-on-year growth rate of the CPI increased by 2.7% after rising by 2.6% in October. Compared to the peak of 9.1% in June 2022, the year-on-year growth rate of inflation has significantly slowed down.Nevertheless, the process of bringing the inflation rate down to the Federal Reserve's 2% target has effectively stalled in recent months. However, the Federal Reserve is now more focused on the labor market. Although job growth accelerated in November after being severely disrupted by strikes and hurricanes in October, the unemployment rate rose to 4.2% after remaining at 4.1% for two consecutive months.

ChainCatcher news, according to Jin10 reports, the South Korean police, public prosecution office, and the Ministry of National Defense have jointly established an emergency martial law joint investigation headquarters.

ChainCatcher news reports that, according to 4E monitoring, on the eve of the release of U.S. CPI data, U.S. stocks collectively retreated with all three major indices declining. The S&P 500 index closed down 0.30%, the Dow Jones down 0.35% for the fourth consecutive trading day, and the Nasdaq, after hitting an intraday all-time high, ultimately closed down 0.25%. Large tech stocks had mixed performances, with Tesla rising 2.87% to set a new three-year high, and Google A rising 5.59%, marking the largest single-day gain since April. In the cryptocurrency sector, MicroStrategy rose 3.3% amid market speculation that it might be included in the Nasdaq 100 index, while Coinbase fell 2.61%.The cryptocurrency market experienced a sharp correction, influenced by Google's launch of its latest quantum chip, Willow, which sparked discussions in the crypto community about quantum computing attacks. Bitcoin dropped from around $100,000, nearing the $94,000 mark at one point, while altcoins generally fell by about 20%, marking the largest declines in the recent market. As of the time of writing, Bitcoin hovered around $97,000.In the forex commodities sector, the U.S. dollar index rose to a one-week high, marking its third consecutive day of gains; geopolitical risk aversion and market bets on a Federal Reserve rate cut next week boosted gold prices, with spot gold rising over 1% to test $2,700; the easing of the situation in Syria and potential stimulus measures from major emerging markets supported market confidence, stabilizing oil prices.The current market is focused on the U.S. November CPI data to be released tonight at 21:30, which will significantly influence the Federal Reserve's interest rate path during its meeting on December 17-18. CME's FedWatch tool shows that traders believe there is an 86% chance of a rate cut next week. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.