ChainCatcher news, according to the Daily Economic News, the chairman of the Korea Exchange (KRX), Jeong Eun-bo, stated that South Korea should quickly incorporate cryptocurrencies into the financial system to overcome regulatory barriers and maintain international competitiveness. He pointed out that since Donald Trump was elected President of the United States, the daily trading volume of the South Korean crypto market has exceeded 20 trillion won (approximately 14 billion USD) compared to the domestic stock market.At the recent World Federation of Exchanges (WFE) summit, Jeong Eun-bo emphasized that ignoring the virtual currency market would affect the profitability of exchanges. He also criticized the current attitude of viewing virtual currencies as speculative assets, warning that this could lead to South Korea falling behind in international competition. Despite the rapid growth of the crypto market in South Korea, there are currently no crypto companies listed on the KRX, and businesses are unable to purchase cryptocurrencies on their balance sheets, while regulators have not yet approved the launch of a Bitcoin spot ETF. He urged South Korea to seize the opportunity to institutionalize the cryptocurrency market to create new value and enhance international competitiveness.

ChainCatcher news, an analysis by Patrick Hansen, Senior Director of Strategy and Policy at Circle, shows that the EU's banking regulation provides a significant competitive advantage for crypto companies, while their American counterparts face regulatory uncertainty and restricted bank access.The report indicates that the EU has promoted innovation in the financial sector for non-bank payment service providers (PSPs) through legal frameworks such as the Electronic Money Directive (EMD) and the Payment Services Directive (PSD). Recent regulations like the Instant Payment Regulation (IPR) and Payment Services Directive 3 (PSD3) further expand non-bank PSPs' access to central bank payment systems.In contrast, the United States is hindered by a lack of a unified federal regulatory framework, leading to restricted bank access and stunted industry development. Data shows that Europe has 55 crypto-friendly banks, far surpassing North America's 23.Hansen points out that the EU's coordinated regulatory strategy provides important support for the crypto and fintech industries while reducing regulatory uncertainty.

ChainCatcher news, according to Workers' Daily reports, the People's Court of Changping District, Beijing recently released a case where an employee used their position to obtain virtual currency for profit, constituting the crime of illegally obtaining data from a computer information system. Zhang, a blockchain engineer at a certain internet company, learned that there was a large amount of Ethereum in the account while participating in project development, and planned to attack the company's account to obtain it.Taking advantage of his work, he asked colleagues for program codes and private keys beyond his authority and shared them in a "technical exchange group," inviting group members to crack and attack the company's account, successfully obtaining 106.15 Ethereum and illegally profiting 38,329.76 yuan.The court found that Zhang violated regulations by illegally obtaining Ethereum information from the company's computer system and trading for profit, constituting the crime of illegally obtaining data from a computer information system. Although there were management loopholes in the company, this was not a valid excuse for Zhang's crime. Ultimately, Zhang was sentenced to 3 years and 6 months in prison, fined 60,000 yuan, and ordered to return the illegal gains of 38,329.76 yuan. The second-instance ruling rejected the appeal and upheld the original judgment.

ChainCatcher news, according to CryptoSlate, Robinhood CEO Vlad Tenev recently emphasized the significant efficiency advantages of operating in cryptocurrency, believing that the cryptocurrency business model outperforms traditional finance in terms of cost and customer service.Tenev stated on CNBC on November 12 that the cost of operating a cryptocurrency business is "about an order of magnitude lower than traditional financial services." He highlighted that blockchain technology significantly reduces transaction and operational costs, providing a substantial competitive advantage for crypto platforms.While many industries are still debating the future of digital assets, Tenev believes that cryptocurrency is a key component of the next generation of financial services. The current regulatory environment is heavily influenced by the U.S. SEC, leading many crypto innovations to shift overseas. However, Tenev believes that recent statements from the Trump administration may pave the way for a more lenient regulatory approach in the U.S.

ChainCatcher news, according to Coindesk, the Republican Party in the United States seems to continue controlling the House of Representatives, completing a three-peat after turning around the Senate and the White House in the 2024 election cycle.As of the time of publication, the Associated Press has reported on 409 seats (out of a total of 435), with the Democrats winning 199 seats and the Republicans winning 210 seats. The party that first reaches 218 seats will win the majority.According to the Associated Press, as of 6:30 PM Eastern Time on Thursday, the Republicans are leading in at least 14 of the remaining 27 races, which means that if these results hold, they will maintain a majority for at least the next two years.

According to ChainCatcher news, as of November 5 at 22:00, Trump holds an advantage of over 10% in the majority of market predictions for the 2024 U.S. presidential election, according to data from Galaxy Digital. The highest probability is 62% (Polymarket and Betfair), while the lowest probability is 43% (Economist/YouGov poll). Compared to the 12:00 data, Trump's election probability has increased by 1% to 5% in most markets.

Chaincatcher news, Solana has officially integrated with Telegram's first decentralized multi-chain wallet UXUY, continuously expanding its competitive advantage in the crypto ecosystem. This is the 20th public chain that UXUY has integrated after Bitcoin's Lightning Network, Ethereum, BNB Chain, BASE, TRON, SUI, and other ecosystems.UXUY is incubated and invested by Binance Labs, dedicated to providing Telegram with a richer multi-chain DApp access service and application center, and offering comprehensive support for quality DApps through the Puzzle Plan. The 900 million users can access the Solana ecosystem with one click through the UXUY wallet, participate in on-chain interactions with DApps, and engage in early projects to earn airdrops and points rewards. Currently, Solana's daily transaction volume has exceeded 65 million, and with the integration into the Telegram social network, Solana's activity is expected to achieve further breakthroughs.UXUY founder Kevin stated, "After supporting the Solana ecosystem, the multi-chain landscape of the UXUY wallet has become richer. We will actively introduce more emerging public chains and DApp projects to the Telegram ecosystem, looking forward to the interesting sparks that will arise from the collision of social networks and blockchain."

ChainCatcher message, Glassnode posted on X that short-term Bitcoin holders currently show a profit advantage, with a profit-to-loss ratio of 1.2. This indicator recently broke above 1 standard deviation, higher than its 90-day average, suggesting that investor sentiment may be undergoing a positive change.

ChainCatcher news, according to the official account of the Beijing High People's Court, a blockchain engineer named Zhang from a certain internet company, during his participation in the development of a project, learned that there was a large amount of Ethereum in the project account. He developed malicious intentions and wanted to attack the company account to obtain Ethereum. Taking advantage of his work, he requested program codes and private keys from colleagues that exceeded his work authority under the pretext of "code learning."According to Zhang, he had joined a certain "technical exchange group," where members could obtain virtual currency for arbitrage by cracking codes. He shared the code and private keys in that group, inviting a group member named Jack to crack the code and attack the company account, obtaining 106.15 Ethereum. Zhang stated that he planned to "wash" the obtained Ethereum, intending to distribute it after its value increased later. He converted Ethereum into other forms of currency and transferred it through multiple accounts, including his wife's, before transferring it back to his own account. After the company discovered that the virtual currency in the account had been stolen, it quickly reported the case. After the prosecution was initiated by the procuratorate, the Changping Court formed a collegial panel and publicly heard the case.After hearing the case, the Changping Court found that based on the evidence on file, such as the circulation of the involved Ethereum, the extracted Ethereum code address and corresponding private key information from Zhang's computer, and the chat between Zhang and his wife containing "washing coins" and related witness testimonies, it was sufficient to determine that the defendant Zhang violated regulations by soliciting program codes and private keys from others, illegally obtaining Ethereum information from the company's computer system, and profiting from transactions involving part of the Ethereum. Ultimately, the court legally sentenced the defendant Zhang to three years and six months in prison for the crime of illegally obtaining data from a computer information system, and imposed a fine of 60,000 yuan. At the same time, the court ordered the confiscation of the defendant Zhang's illegal gains of 38,329.76 yuan. After the first-instance judgment, the defendant Zhang appealed. The second-instance ruling dismissed the appeal and upheld the original judgment. The case has now taken effect.

ChainCatcher news, according to a report by Coindesk, research and brokerage firm Bernstein has pointed out that U.S.-listed Bitcoin mining companies have a significant advantage over their unlisted counterparts due to their ability to raise funds in the world's deepest capital markets. This ease of capital acquisition provides them with more financial options, making them more competitive, especially in capital-intensive industries.Bernstein noted that large publicly traded Bitcoin miners in the U.S. are gradually becoming consolidators in the industry. Leading miners should focus on expanding market share and increasing hash rates, rather than compensating for funding needs by selling mined cryptocurrencies at low prices. Recently, the financing actions of Marathon Digital, Riot Platforms, Core Scientific, and Bitdeer further support this view, as these companies have raised funds through the issuance of convertible bonds and stocks to expand their market influence.Additionally, Bernstein emphasized that although Bitcoin mining and artificial intelligence (AI) data centers share similarities in power demand and high-density power specifications, their business models are entirely different. Nevertheless, scaling is crucial for both. The report also reiterated that with the increase in institutional adoption and the popularity of exchange-traded funds (ETFs), Bitcoin prices are expected to reach a new high of around $200,000 by 2025.