ChainCatcher message, Act I: The AI Prophecy announced on X that it has reached a strategic cooperation with GNON.The cooperation includes:Act partners will be fully integrated into EchoChambers, receiving full support and assistance.EchoChambers will serve as a development sandbox and benchmarking tool for new funders and partners.$GNON will be integrated into the next $ACT project.

ChainCatcher news, according to Ledger Insights, the German Parliament (Bundestag) passed the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR fully comes into effect on December 30.FinmadiG not only pertains to cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. For MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.Technically, MiCAR is a regulation, so local laws are not required. However, legislation must designate BaFin as the regulatory authority; otherwise, BaFin cannot issue licenses. This will allow EU companies with cryptocurrency licenses from other countries to operate in Germany, but German companies will not be able to operate in the EU.Additionally, MiCAR allows companies holding existing licenses to continue operating for up to 18 months, with the transition period determined by each jurisdiction. The new German legislation specifies one year.

ChainCatcher news, according to financefeeds, the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution designed to unify the fragmented liquidity landscape of DeFi.Perennial founder Kevin Britz stated that currently only a small portion of cryptocurrency trading volume occurs on-chain, and it is dispersed across hundreds of L1 and L2 networks. Perennial Intents provides deeper market depth and better price execution by integrating liquidity from both on-chain and off-chain trading venues.It is reported that the protocol combines a hybrid model of off-chain order matching and on-chain AMM settlement, while also launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the initial launch period. Currently, Perennial has completed integrations with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.

ChainCatcher news, according to Hong Wang reports, the People's Court of Jiahe County, Hunan Province recently made a ruling on a major dispute over a mining machine transaction. The case shows that the plaintiff, Pan Mouxiang, communicated with the defendant, Lei Moucai, via WeChat in November 2021 to purchase Bitcoin mining machines S19XP. After paying 23.678 million USDT, the two parties had a disagreement over the nature of the contract and the settlement price. The plaintiff requested the defendant to return the price difference of 6.27 million USDT and continue to deliver 149 mining machines.The court ruled to dismiss all of the plaintiff's claims based on two main reasons: first, according to the central bank and other departments' "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation," USDT and other virtual currencies do not have the status of legal tender, and related transactions are considered illegal financial activities.Secondly, based on the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities," the energy consumption of mining activities is high, carbon emissions are significant, and economic contributions are low, which does not align with the national green development strategy. The court determined that the transaction contract was invalid due to violations of laws and regulations as well as public order and good customs, and the related losses would be borne by both parties.

According to ChainCatcher news, HashKey Global has now launched Act I The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) U-based perpetual contracts, offering 24/7 trading. The settlement currency is USDT, with a contract value of 10, a minimum price fluctuation of 0.00001, a maximum leverage of 10x, and a funding fee cap of ±0.75%, with funding fees settled every 8 hours.

According to ChainCatcher news, data from RootData shows that the Act I token (ACT) has increased by 1222.96% in the last 24 hours, currently priced at $0.307.Additionally, the Web3 asset data platform RootData indicates that Act I is a meme coin aimed at exploring urgent behaviors in multi-AI and multi-user interactions.Previous news states that according to the official announcement, Binance will list Act I: The AI Prophecy (ACT) on November 11, 2024, at 18:00 (UTC+8).

ChainCatcher news, according to the official announcement, Binance will launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on November 11, 2024, at 18:00 (UTC+8) and open the following spot trading pairs.Spot trading pairs: ACT/USDT, PNUT/USDTACT and PNUT deposit channels are now openWithdrawals are expected to open on November 12, 2024, at 18:00 (UTC+8)

ChainCatcher news, according to Coindesk, as the AP, Fox, and NBC announced Trump's election, the Polymarket U.S. presidential election contract is set to end on Wednesday morning local time.

ChainCatcher message, Renzo responded in the official Discord channel regarding "suspected theft of the official Renzo X account and the release of suspicious token contracts": "This is the REZ and ezSOL contracts on Solana. We did this to verify the contracts with our partners."Earlier news indicated that the official Renzo X account of the liquidity re-staking protocol was suspected to be hacked, releasing suspicious token contracts.

ChainCatcher news, according to Bloomberg, two cryptocurrency hedge fund management companies, JellyC and Trovio Asset Management, announced a merger aimed at attracting institutional investor funds, including pension funds. Australia-based JellyC will become the main shareholder of the merged entity.

ChainCatcher news, according to The Block, the discounted token sales from FTX's bankrupt assets continue to attract investor attention. Investors have snapped up millions of tokens from several projects, betting that these assets are undervalued and may have long-term upside potential.The largest holding of FTX's assets is 41 million locked Solana (SOL), currently valued at approximately $6 billion. The asset management team sold these tokens in batches at a discounted price ranging from $64 to $110 in April and May. The current trading price of SOL is about $142, and investors who bought in, such as Pantera Capital, Galaxy Trading, and Figure Markets, have already realized paper profits.The FTX asset management team plans to auction 22.3 million locked Worldcoin (WLD) tokens, valued at approximately $38 million. Despite concerns from investors about the length of the lock-up period, the auction remains competitive, with WLD trading at "slightly above $1." The current trading price of WLD is about $1.78.The FTX asset management team has also sold Metaplex (MPLX) tokens, which several crypto funds subsequently purchased at a discount from Wave Digital Assets.Investors indicate that they are focused on high-quality assets and projects led by visionary founders. Despite the risks, the appeal of discounted tokens and potential returns make many investors consider these investment opportunities worthwhile.

ChainCatcher news, analysts at JPMorgan have stated that the escalating geopolitical tensions and the presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, referred to as "devaluation trades."Analysts indicate that this "devaluation trade" is driven by multiple factors, including the heightened geopolitical uncertainty since 2022, ongoing inflation concerns, massive government deficits in major economies, and a weakening confidence in fiat currencies, particularly in some emerging markets.

ChainCatcher news, according to Bitcoin.com, the U.S. State Department has acknowledged that El Salvador's adoption of Bitcoin has had a positive impact on the country's booming tourism industry. In its 2024 Investment Climate Statement report on El Salvador, the department recognized that the adoption of Bitcoin as legal tender in 2021 helped the country gain international attention.As part of the report, the department stated that Bitcoin has brought significant publicity to El Salvador and contributed to its popularity as a tourist destination, but beyond that, its "impact on El Salvador's economy is minimal."

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated in a recent interview: "Although we expect these ETFs to receive stable capital allocation, the initial impact will not be significant and will fluctuate based on various macroeconomic factors."MV Global partner Tom Dunleavy mentioned that the Ethereum spot ETF could see inflows of $5 billion to $10 billion within a few months of its launch.