ChainCatcher news, according to monitoring by IntoTheBlock, Ethereum "whales" are waking up, with the daily number of large transactions exceeding 10,000, the highest level since August.

ChainCatcher news, according to Jinshi reports, the JPMorgan market team believes that inflation data is more likely to show signs of warming rather than cooling. Nevertheless, they think that this week's hotter data is unlikely to derail the risk appetite tone, and investors are also unlikely to fixate on a single data point, as there is one more CPI data release before the December Federal Reserve meeting.However, the team reminds investors that Powell has shifted the Federal Reserve's focus from the labor market to weighing the dual mandate of employment and inflation. "If CPI and even retail sales data show a stronger economic growth trajectory while also stimulating inflation, then we need to pay attention to what might happen in the future."In JPMorgan's view, investors are unlikely to shift to a cautious portfolio stance until they see the overall CPI year-on-year reaching 3.5% (which is a credible threat to the Federal Reserve). They believe that the Federal Reserve will only take tightening action if the inflation rate returns to or exceeds 4%.

ChainCatcher news, according to Cointelegraph, Ethereum researcher and co-founder of Smart Transactions (STXN) Vlad Zamfir has created a "time machine" that allows Ethereum users to reverse "smart transactions" on the blockchain, making certain transactions less immutable.STXN co-founder Anuj Das Gupta stated that Smart Transactions also allow users to set specific conditions for the timing and execution of transactions. This feature will be supported on blockchains compatible with the Ethereum Virtual Machine (EVM), which will be very useful for the thousands of crypto users who have made transactions on-chain due to operational errors. Das Gupta said, "Ethereum smart contracts are no longer limited to what was known at the time of writing. We believe this is an important solution to the tension between flexibility and immutability in blockchain."

ChainCatcher message, Musk posted on X: "All actions of the Department of Government Efficiency will be published online for maximum transparency.If the public believes we have cut important expenditures or have not reduced wasteful spending, please let us know. We will also list the dumbest tax expenditures, which is tragic but also very interesting."

ChainCatcher news, according to Bloomberg, informed sources revealed that the government led by Italian Prime Minister Giorgia Meloni may approve a proposal from coalition partners to reduce the tax increase on cryptocurrency transactions.A copy of the proposal shows that as the junior partner in Meloni's ruling coalition, The League has proposed an amendment to cap the tax rate on crypto transactions at 28%, while the budget proposed last month initially suggested an increase to 42%. The current tax rate is 26%. Cryptocurrency executives have stated that the proposed rate is too high and would make the local industry less competitive compared to other EU countries. The EU is preparing to fully adopt its first comprehensive cryptocurrency regulation across the EU, known as "MiCA," by the end of this year.Additionally, another ruling coalition party, Forza Italia, founded by the late Silvio Berlusconi, has proposed another amendment aimed at completely eliminating the tax increase and removing the tax exemption for earnings of €2,000 ($2,120) or less.

ChainCatcher news, according to Bloomberg, informed sources revealed that the government led by Italian Prime Minister Giorgia Meloni may approve the proposal from coalition partners to reduce the tax increase on cryptocurrency transactions.A copy of the proposal shows that as the junior partner in Meloni's ruling coalition, The League has put forward an amendment to limit the tax rate on crypto transactions to 28%, while the budget proposed last month initially suggested an increase to 42%. The current tax rate is 26%.Cryptocurrency executives have stated that the proposed tax rate is too high and would make the local industry less competitive compared to other EU countries. The EU is preparing to fully adopt its first comprehensive cryptocurrency regulation across the bloc, known as "MiCA," by the end of this year.Additionally, another ruling coalition party, Forza Italia, founded by the late Silvio Berlusconi, has proposed another amendment aimed at completely eliminating the tax increase and removing the tax exemption for earnings of €2,000 ($2,120) or less.As part of the coalition's proposed amendments, Italy will establish a permanent working group composed of digital asset companies and consumer associations to educate investors about cryptocurrency. Two informed sources indicated that the government is likely to approve The League's proposal, although no final decision has been made, and it may be subject to modifications.

ChainCatcher news, investment bank TD Cowen believes that the situation may change under the leadership of the Trump administration.TD Cowen researchers wrote on Monday that they believe "once Trump appoints a new SEC chairman, cryptocurrency enforcement may be put on hold, regardless of whether Gary Gensler resigns from his position as SEC commissioner; he will appoint a new SEC chairman on January 20."TD Cowen researchers claim that they believe the new chairman will reassess the existing cases initiated by financial regulators against cryptocurrency companies, "and look for ways to more clearly articulate how cryptocurrency companies can comply with existing laws."

ChainCatcher news, former SEC Chairman John Reed Stark posted on the X platform stating, "The harsh reality is that people have spoken, the SEC should stop all crypto enforcement actions, dismiss or settle all ongoing crypto lawsuits, and current Chairman Gensler should resign. President Trump's victory is a tremendous overwhelming win and should be respected. The crypto market will usher in unprecedented prosperity."

ChainCatcher news, according to a report by Poster News, on November 6, the police in Leshan, Sichuan disclosed a case of illegal operation, dismantling a major cross-regional underground bank crime network involving 13 provinces across the country, with an amount involved exceeding 38 billion yuan. Recently, the Leshan Intermediate People's Court made a ruling, sentencing three defendants to fixed-term imprisonment ranging from two years and six months to thirteen years and six months for the crimes of illegal operation and issuing false value-added tax invoices.It is reported that the case involved virtual currency transactions and cross-border fund transfers, with the operational information being complex and mixed, amounting to over 20 million pieces of data. According to the police officers in the special case team, a total of 37 cases have been filed by public security organs nationwide, and 176 criminal suspects have been arrested, successfully dismantling this major cross-regional underground bank crime network involving 13 provinces and an amount exceeding 38 billion yuan. Currently, relevant cases are being further investigated and tried in various places. Among them, the principal offender in this case has been sentenced to thirteen years and six months of fixed-term imprisonment by the Leshan Intermediate People's Court.

ChainCatcher news, according to Taikoscan data, the daily transaction volume of the Ethereum L2 network Taiko exceeded 5 million on November 4, setting a new historical record.According to DefiLlama data, Taiko's TVL reached 81 million USD, also a historical high, with TVL increasing nearly 10 times in two weeks.

ChainCatcher news, according to DL News, Coinbase Chief Legal Officer Paul Grewal accused the Federal Deposit Insurance Corporation (FDIC) of taking secret actions to suppress the crypto industry.Grewal claimed that documents obtained through the Freedom of Information Act revealed a series of so-called "pause letters."It is alleged that in these letters, the FDIC instructed banks to delay or stop providing services to crypto companies.He described these letters as "a shameful example of a U.S. government agency attempting to cut off the financial channels of law-abiding American companies," and pointed out that the FDIC is unfairly targeting legitimate crypto companies, limiting their access to banking services.Documents shared by Coinbase show that FDIC officials urged banks to avoid launching or expanding crypto-related services due to concerns about "safety and soundness" as well as potential consumer risks.In every case, the FDIC requested that banks wait until it completed further review—Coinbase believes this process sets unfair barriers for crypto companies.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform stating that South Korean government officials claim that 10% of South Korea's trade transactions use stablecoins.USDT accounts for 72% of the stablecoin market, primarily on the TRON blockchain, which may be due to its fast speed and lower fees compared to ETH. For whatever reason, the market has chosen Tether and TRON; they have found a product-market fit.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) announced a collaboration with the central banks of Brazil and Thailand to conduct cross-border tokenized transactions, including atomic settlement (DvP) for digital asset trading and wholesale CBDC (PvP).In addition, the Hong Kong Monetary Authority plans to provide a subsidy of up to HKD 2.5 million for digital bond issuance to promote Hong Kong as a tokenized venue.

ChainCatcher news, according to the Shandong Cyber Police public account, a man from Liaoning, Qu, became an offline U coin dealer after posting job information online and took a 3% cut from each transaction based on the cash received. He was arrested by the police during a transaction in September, with 217,000 yuan in illicit funds seized.After investigation, the suspect Qu confessed that he had committed crimes related to U coin transactions twice this year, earning 217,000 yuan in cash from these transactions, with his cut being over 6,000 yuan. The upper-level dealer's request for him to act as a U dealer was merely a facade; in reality, it was to withdraw money from the so-called "clients," who were all victims of their telecom network fraud. Currently, the suspect Qu has been criminally detained by the police, and the case is under further investigation.

According to ChainCatcher news and monitored by Scopescan, the Ethereum Foundation sold 4,066 ETH (approximately 11.24 million USD) directly on-chain through CoWSwap, divided into 37 transactions. The first swap occurred on January 2, and the last swap took place on October 23.Additionally, a related address received 51,251 ETH from the Ethereum Foundation on November 17, 2015, and has deposited 2,580 ETH (6.24 million USD) to Bitstamp and Kraken in the past two months, with an average transfer price of 2,417 USD.The Ethereum Foundation may have sold a total of 6,646 ETH this year, worth over 17 million USD.

ChainCatcher news, according to Jin10, the South Korean Ministry of Finance has stated that South Korea plans to regulate cross-border transactions of cryptocurrencies and other virtual assets starting in the second half of 2025, introducing registration and reporting requirements.The Ministry of Finance stated that under the new regulations, businesses handling cross-border transactions of virtual assets will be required to register with the authorities in advance and report transaction details to the Bank of Korea on a monthly basis. According to data from South Korea Customs, since 2020, South Korea has seen foreign exchange-related crimes worth 110 trillion won (7.97 billion USD), of which 81.3% involved virtual assets.

ChainCatcher News, U.S. state securities regulators have stated that most of their investigations and enforcement actions in 2023 stem from technology and digital assets.In new investigations launched in 2023, 343 cases involved digital assets, 144 involved staking, and 205 involved social media fraud. The North American Securities Administrators Association stated in a release earlier this week that these numbers represent a "significant increase" compared to 2022.According to the 2024 Enforcement Report released on Tuesday, throughout the entire calendar and fiscal year of 2023, state regulators also reported 214 cases involving stocks and equity, as well as 145 cases involving Ponzi schemes and pyramid schemes. The report was compiled through a survey of NASAA members, including responses from 49 member jurisdictions of the association.

ChainCatcher news, according to official sources, Uniswap has announced that its permissionless in-app cross-chain bridge is now live. Uniswap users can now directly cross-chain across nine networks from the Uniswap interface and Uniswap wallet. The cross-chain bridge currently supports: Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync.

ChainCatcher news, according to Bloomberg Terminal information, as the BRICS summit opens in Kazan, Russia, cryptocurrency issues have been brought to the agenda. Russian lawmakers are promoting the idea that Russian miners can sell their tokens to international buyers, while domestic buyers can use BitCity and other cryptocurrency markets to pay for imported goods, effectively bypassing Western sanctions. Richard Wolf, an American economist and emeritus professor at the University of Massachusetts Amherst, commented on this situation, stating that the BRICS alliance is surpassing the already peaked United States. The U.S. is in decline and is trying to maintain its international dominance.