According to ChainCatcher news and statistics from the OKLink Research Institute, since November 6, 17 publicly listed companies in the United States and Japan have announced their holdings or approval of Bitcoin as a strategic asset. Among them, MicroStrategy purchased 55,500 Bitcoins for $5.4 billion, demonstrating a strong willingness to allocate. Currently, only 0.01% of publicly listed companies worldwide hold Bitcoin, which means this is just the tip of the iceberg for large institutional purchasing power, and the market is still in the "elite experimental stage."

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the ZKP hardware acceleration project Cysic. Web3Caff Research researcher Bob pointed out in the report that zero-knowledge proofs (ZKP) have a history of nearly 40 years and are widely used in privacy protection and layer two scaling in blockchain. However, due to high computational resource consumption and slow verification speeds, user growth is limited. Therefore, hardware acceleration has become a key solution. FPGA and GPU have already implemented multiple ZKP products, while the more performant ASIC is considered the "Mount Everest" of the industry due to high costs and uncertainties. Currently, Cysic, as the only team developing ZKP ASIC, has the potential to unlock a market worth billions.The report further points out that ZKP is one of the core technologies of Web3, and ZKP hardware acceleration is still in its infancy. Compared to Cysic, both the current industry methods of operating open-source code libraries to accelerate GPUs and building FPGA clusters are still in the early trial-and-error stage. Cysic provides a user-friendly ZKP acceleration solution and is currently the only product open for testing and pushing to the market, with its testnet having entered Phase 2. Its performance is claimed to be 5 to 10 times faster than GPU acceleration, with plans to launch the mainnet by the end of 2024. Additionally, Cysic's ZK-ASIC hardware products are highly anticipated, with two models expected to be launched in 2025, targeting both enterprise (B-end) and consumer (C-end) markets. Although there are doubts about ZK-ASIC within the industry, from a long-term development perspective, introducing ASIC to establish a ZKP "mining" model could be a key step in promoting ecological development.

ChainCatcher news, according to cnBeta, OpenAI has added the "Open SearchGPT" option to the "Shortcuts" app on iPhone and iPad, allowing users to launch the ChatGPT app and invoke the web search feature through shortcuts. Users need to update to the latest version of the ChatGPT app to enable the SearchGPT action in shortcuts.The SearchGPT feature was first launched at the end of October this year, aimed at improving the web search experience by providing more relevant links and contextual information, while also supporting users in asking follow-up questions.Currently, users with ChatGPT Plus and ChatGPT Teams can access the SearchGPT feature, and OpenAI plans to make it available to free users in the coming months.

ChainCatcher news, BIO Protocol founder Paul Kohlhaas responded to Zhao Changpeng's tweet on social media, stating: "Decentralized Science (DeSci) has successfully brought the liquidity of Meme coins to universities and laboratories around the world to support real scientific research."Previously, Binance co-founder Zhao Changpeng stated on social media: "I don't oppose Memes, but Meme coins have become 'a bit' strange now. Let's build real applications with blockchain."

ChainCatcher news, K33 Research's research director Vetle Lunde stated in an interview with CNBC that the futures open interest at the Chicago Mercantile Exchange has reached an all-time high. This is currently the primary way most U.S. institutions are purchasing Bitcoin futures contracts, but many traders have been waiting for spot Bitcoin ETF options from major exchanges like the New York Stock Exchange and Nasdaq, as it could enhance liquidity and provide hedging tools.Vetle Lunde added that the demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, and VolatilityShares' BTC exposure has also previously reached an all-time high.

ChainCatcher news, Bitfinex released a report stating, "Bitcoin's approach to the historic $100,000 mark is driven by unprecedented inflows into Bitcoin ETFs and strong institutional demand. Despite facing profit-taking resistance at its latest all-time high, Bitcoin has shown resilience, maintaining around $96,000 over the weekend and then regaining some upward momentum in early trading on Monday. Since the pre-U.S. presidential election low of $66,880, Bitcoin has risen by 47%, and it has astonishingly increased by 130% year-to-date, paving the way for new horizons. The performance of Bitcoin compared to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed Saudi Aramco, becoming the seventh-largest asset globally, with a peak valuation exceeding $1.9 trillion.Although Bitcoin's upward momentum is remarkable, it is not without profit-taking from long-term holders. Despite increased pressure, the current pressure remains manageable compared to the historical peaks in March 2021 and March 2024. These trends indicate a temporary stagnation in market momentum, but the overall market may absorb selling pressure and continue to rise in the medium term.The overall cryptocurrency market (excluding Bitcoin and Ethereum, referred to as the Total3 index) has also reached a new cycle high, with investor sentiment surging, driving the Total3 index to experience a 23.2% increase from low to high last week—this is the largest increase since April 2021. Large-cap altcoins, such as Solana (SOL), have reached new all-time highs, marking their breakthrough of key resistance levels, including the April 2022 peak.The market capitalization of altcoins is now approaching the $984 billion high from May 2021, indicating that speculative funds are shifting from Bitcoin to altcoins. Historically, this kind of fund rotation often heralds the arrival of "altcoin season," where altcoins outperform Bitcoin.In fact, the annualized funding rate for large-cap altcoins has surpassed the 45% threshold, marking an increase in speculative activity. With the participation of retail investors on the rise, short-term volatility is expected to increase, further driving the momentum of altcoins. However, these conditions also require caution, as extreme funding rates often signal severe market corrections."

ChainCatcher news, the UK crypto trading platform Archax has provided access to a money market fund of the UK asset management company abrdn in a tokenized form on the decentralized blockchain XRP Ledger (XRPL). This fund is part of abrdn's £3.8 billion liquidity fund and is the first tokenized money market fund on the XRPL.

ChainCatcher news, according to a recent research report by Coinwire, 76% of cryptocurrency KOLs on platform X have promoted Meme coins that are now worthless, with two-thirds of the promoted tokens completely losing their value. The data shows that among 377 surveyed KOLs, only 1% of the promoted Meme coins achieved a tenfold increase.The study found that 80% of the promoted Meme coins plummeted by 70% within a week, and after a month, 90% lost 80% of their value, while after three months, 86% dropped by over 90%. KOLs with more than 200,000 followers had the worst promotion results, with their promoted projects averaging a loss of 39% after a week and a loss expanding to 89% after three months. In contrast, small accounts with fewer than 50,000 followers averaged a positive return of 141% on their promoted projects after three months. (Bitcoin.comNews)

ChainCatcher news, recently, KIP Protocol announced on its official Twitter that its AI deployment solution provider Kipley.ai has officially signed a Memorandum of Understanding (MOU) with the Thailand Institute of Scientific and Technological Research (TISTR). TISTR is the largest government research institution in Thailand, directly under the Ministry of Higher Education, Science, Research and Innovation of Thailand.The strategic cooperation between KIP Protocol and TISTR will utilize the AI tools of Kipley.ai to analyze stem cell samples with the utmost precision, promoting faster and more reliable breakthroughs in regenerative medicine.It is reported that the AI technology architecture of Kipley.ai has been applied in key fields such as life sciences, agriculture, and biotechnology by more than 200 universities, government agencies, and non-governmental organizations. This cooperation aims to address significant challenges in the biotechnology and medical fields, benefiting millions of patients worldwide.KIP Protocol is a decentralized underlying protocol focused on AI and is the world's first decentralized RAG network. Over the past year, KIP has continuously expanded its customer base in the education, entertainment, and government cooperation sectors, partnering with leading Web2 and Web3 companies, and consistently promoting real use cases of DeAI while achieving sustainable user growth.

ChainCatcher news, FTX Trading Ltd. and its affiliated debtors announced that FTX is nearing the completion of the final prerequisites for the court-approved bankruptcy reorganization plan, paving the way for FTX to begin distributing compensation to creditors and customers. The effectiveness of the bankruptcy reorganization plan means that the court-approved reorganization plan officially begins implementation. This typically marks a critical step in the bankruptcy process, where the bankrupt company has reached agreements with creditors and other stakeholders and is prepared to proceed with actual debt repayment and asset distribution according to the plan.FTX provided the following update regarding the expected distribution timeline:In early December, the debtors expect to finalize arrangements with professional distribution agents who will assist FTX in distributing compensation to global customers within supported jurisdictions. At that time, the debtors will provide instructions to guide customers in establishing approved accounts on the existing customer portal.By the end of December, the debtors expect to announce the exact effective date after the court order approving the disputed claims reserve amount, which is a prerequisite for distribution according to the confirmation order.The debtors currently anticipate that the bankruptcy reorganization plan will become effective in early January 2025. According to the confirmation order, the first distributions will occur within 60 days after the effective date, targeting convenience class creditors allowed to claim under the plan. The record date for the initial distribution will be the same as the effective date.

ChainCatcher news, the Bank Negara Malaysia (BNM) recently stated that it will focus on the research of wholesale central bank digital currency (wCBDC) and will not consider issuing retail CBDC for the time being. The bank believes that the existing system is sufficient to meet retail payment needs.BNM stated that wCBDC will be used for interbank settlements of tokenized deposits both domestically and internationally, and has participated in Singapore's multi-CBDC project "Project Dunbar" and the cross-border CBDC project "mBridge." Although technical preparations and policy research are underway, BNM plans to continue researching wCBDC and distributed ledger technology in 2024-2025, but there are no immediate issuance plans.Several Asian central banks, including those in Hong Kong, South Korea, Singapore, and Taiwan, are also exploring wCBDC to support tokenized deposits. A report by Ledger Insights indicates that there are currently over 70 tokenized deposit and bank stablecoin projects in progress.

ChainCatcher message, according to Jin10 reports, during the 2024 World Internet Conference Wuzhen Summit, Zhihu founder, chairman, and CEO Zhou Yuan discussed the changes brought by AI search, stating: "I really believe that AI search is still in a relatively early stage overall, both domestically and globally. The frequency of use and the scenarios it can cover are still in a relatively early stage. Even including this term, I do not think it fully and clearly depicts what the product can do."

ChainCatcher message, "Bitcoin breaks through $94,000 for the first time" ranks 7th on Baidu's trending finance list.

ChainCatcher news, according to Coindesk, the UK compliant crypto exchange Archax has announced that it will offer tokenized money market funds supported by State Street, Fidelity International, and Legal & General Investment Management (LGIM).The first batch of tokenized assets will be issued on the Hedera Hashgraph, XRPL, and Arbitrum blockchains, and will represent asset ownership through tokenized rights held by customers. In the future, Archax also plans to add more types of fund products. It is worth mentioning that traditional financial giants such as BlackRock, Franklin Templeton, and Abrdn have also launched tokenized funds.Previous news, Archax has also acquired the Spanish brokerage firm King & Shaxson Capital Markets (KSCM), and the deal is pending approval from Spanish regulatory authorities.

ChainCatcher news, according to Bloomberg, Galaxy Digital's research director Alex Thorn stated that the listing of options for BlackRock's $43 billion IBIT could reduce volatility and increase the base of Bitcoin investors.Thorn said in an interview on Tuesday, "Over time, as it is held more widely, volatility will decrease, and options will help to suppress volatility. As volatility decreases, people can hold larger positions." Nasdaq began offering options trading for the ETF for the first time on Tuesday. Thorn mentioned that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet.He stated that options would allow institutions to hedge more against Bitcoin and increase liquidity, while also impacting retail trading during bull markets. He added that the crypto industry must also figure out how to maintain control as traditional finance enters the space.

ChainCatcher news, according to CoinDesk, JPMorgan's latest research report shows that the economics of Bitcoin mining significantly improved in the first half of November. Data indicates that the hashprice, which measures mining profitability, has increased by 29% since the end of October, primarily benefiting from Bitcoin's price increase outpacing the growth in network hash rate, as well as an increase in the proportion of transaction fees to block rewards.The report points out that the total market capitalization of the mining stocks tracked by the bank grew by 33% from October 31 to November 15, approximately $8 billion. The network hash rate has increased by 2% so far this month, averaging 718 EH/s. Notably, 14 publicly listed mining companies in the U.S. currently account for about 28% of the global network hash rate, maintaining a historical high.