ChainCatcher news, on Thursday, the U.S. financial markets were closed for Thanksgiving, resulting in light trading and weak liquidity. Bitcoin experienced a strong rebound yesterday after some investors took profits, briefly rising to $97,200, and currently trading at $96,382, maintaining a steady defense of the $95,000 level, with a slight increase of 0.68% in the past 24 hours.Ethereum has shown strong performance recently, with the price breaking above $3,684 yesterday, reaching a new high in over five months, which boosted the prices of ecosystem tokens. The L2 and DeFi sectors performed well, and the market may officially welcome altcoin season. Currently, after a peak and pullback, Ethereum continues to oscillate in the $3,500 to $3,600 range, reporting $3,564 before the deadline, down 1.6% in 24 hours.In the forex market, the U.S. dollar index rebounded to 106.21 on Thursday after falling to a two-week low in the previous trading session. The euro fell against the dollar as traders reduced bets on further interest rate cuts by the European Central Bank, while the overall forex market was subdued due to the U.S. holiday. Gold prices rose, driven by geopolitical uncertainty and trade concerns, boosting safe-haven demand. Oil prices climbed on Thursday, supported by the situation between Israel and Lebanon and the delay of the OPEC+ meeting, with U.S. and Brent crude prices rising over 0.8% during trading.Due to the impact of the Thanksgiving holiday, the market trading atmosphere has become subdued, significantly reducing the likelihood of various asset prices breaking through existing range-bound movements. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

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 news, according to Ledger Insights, the European Investment Bank (EIB) has issued its fifth digital bond, amounting to €100 million, using a pilot wholesale Central Bank Digital Currency (wCBDC) for settlement. This is part of the European Central Bank's wholesale DLT settlement trial that concluded this month.The EIB issued this digital bond on the HSBC Orion platform, marking the second time the EIB has used this platform. Each digital bond issued by the European Investment Bank explores a new feature, typically involving different issuance platforms. Its first issuance was in 2021 on the Ethereum blockchain. The fourth bond was a green bond, and the latest bond utilized a new type of settlement asset.

ChainCatcher message, the dYdX Foundation stated on the X platform that the dYdX community has approved the proposal to "allocate 50% of revenue to MegaVault and 10% of revenue to Treasury SubDAO."

ChainCatcher news, according to Bloomberg, an expert committee advising Norwegian politicians stated that although the country is one of the lowest users of cash globally, there is currently no urgency to adopt a central bank digital currency (CBDC).The committee believes that cash still plays an important role in ensuring safe and simple payments for everyone. Nevertheless, it recommends that "necessary regulatory reforms" should begin in order to potentially introduce a significant CBDC in the future.

ChainCatcher news, Federal Reserve Governor Christopher Waller expressed skepticism about whether the U.S. payment system needs a central bank digital currency (CBDC) during the 2024 Clearinghouse Annual Meeting held on November 12. He questioned whether there are problems within the system that a CBDC could solve.He stated, "In a speech I gave in August 2021, I asked, what problem does a CBDC solve? In other words, what market failures or inefficiencies require this specific intervention? Over three years later, I still have not heard a satisfactory answer regarding CBDCs."Waller advocated for market-driven solutions, emphasizing the benefits of private sector innovation in the payment system through competition.He noted that the private sector, driven by profit and competition, often makes better decisions about which technologies are worth investing in and which may not meet consumer needs.Waller further stated that the government's role should remain supportive rather than directly competing with private payment innovations until there is a clear demand that the private sector cannot meet.

ChainCatcher news, the dYdX Foundation stated that the dYdX community has voted to reduce trading rewards by 44%. Additionally, it has approved the transfer of 45 million DYDX from the community treasury to an account controlled by the dYdX Treasury SubDAO for the implementation of the staking program, and approved community signers to serve as directors of the Cayman Foundation.

ChainCatcher news, Web3 AI content recommendation system ❜mbd has completed a $3 million Pre-seed funding round, led by Mask Network and Polymorphic Capital, with participation from a16z CSX, Forward Research, Social Graph Ventures, and WAGMI Ventures.❜mbd has established a machine learning recommendation system that pre-trains on on-chain data, aiming to provide dynamic and relevant content and actions for each user. ❜mbd's flagship product is a set of machine learning APIs for Web3 developers, designed to provide users with relevant and timely social content, minting, and trading by integrating on-chain and off-chain data.

ChainCatcher news, according to Ledger Insights, the Bank of Korea has announced a cooperation agreement with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC) to jointly test the feasibility of digital currency (CBDC) and tokenized deposits.The central bank plans to pilot tokenized deposits among 100,000 people by the end of the year and achieve interbank settlement through wholesale CBDC. In this trial, seven domestic banks will participate, and tokenized deposits will be protected under the current deposit insurance system.In addition, the central bank has developed a digital voucher platform to reduce the complexity and fraud risk associated with paper voucher settlements.

ChainCatcher news, according to Ledger Insights, the Reserve Bank of Australia (RBA) has engaged in discussions with the Digital Finance Cooperative Research Centre (DFCRC) regarding wholesale CBDC and asset tokenization, with a response deadline of December 11.As part of Project Acacia, the RBA invites industry members to provide feedback and participate in trials for wholesale tokenization use cases in 2025, and may also join an industry advisory group. In addition to wholesale CBDC, Project Acacia will also explore the use of private forms of digital currency, including tokenized deposits.Previous RBA and DFCRC CBDC experiments covered both wholesale and retail CBDC, which were issued on infrastructure controlled by the RBA. In the latest trial, the RBA will consider issuing a pilot wCBDC on third-party blockchain networks, similar to Switzerland's Project Helvetia. The current phase of Project Acacia will focus on domestic wholesale settlement.

ChainCatcher news, according to Ledger Insights, the French deposit bank (CDC) recently issued €100 million ($108 million) in digital bonds, using the French central bank's DL3S DLT platform and its pilot wholesale central bank digital currency wCBDC for settlement. This transaction is part of the European Central Bank's wholesale DLT settlement pilot, which will conclude this month.The French central bank avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank currency. For the issuance by CDC, it needed to synchronize the issuance of digital native notes (DNN) on Euroclear's D-FMI platform with the settlement on the central bank's DL3S. According to French law, DNNs are issued in bearer form.Additionally, the French pilot CBDC solution has been used for several other digital bond issuances. These include a €30 million sovereign bond issued by Slovenia and small commercial papers issued by Dutch banks, along with several other projects involving simulated DL3S experiments.

ChainCatcher news, according to Cointelegraph, the central bank of Norway, Norges Bank, has recognized the European Union's Markets in Crypto-Assets Regulation (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC).Kjetil Watne, the project director of Norges Bank's CBDC project, stated that Norway, as a member of the European Economic Area (EEA), welcomes the MiCA framework. However, he noted that the bank is still considering "whether additional regulation is needed to promote financial stability." Norges Bank has "not yet decided" whether to issue a CBDC and is assessing how to "mitigate regulatory gaps associated with decentralized finance."

ChainCatcher news, according to Jinshi reports, the Governor of the Reserve Bank of India, Shaktikanta Das, stated that the central bank is not in a hurry to launch the central bank digital currency (CBDC), and there is currently no specific release date. He pointed out that the CBDC project is still in the implementation phase. There is a noticeable increase in market interest in central bank digital currencies (CBDC), especially in the area of cross-border payments.

ChainCatcher news, the city of Lugano, Switzerland has issued digital bonds worth 120 million Swiss francs (139 million USD), marking the third bond issued by the city. The city currently issues bonds exclusively through the SIX Digital Exchange (SDX). Due to strong demand, the issuance price of this 9-year 1% coupon bond is above its face value.The digital bonds will be settled using wholesale CBDC. This is the first bond issuance since the Swiss central bank announced the extension of the wCBDC pilot two years ago in June. The joint lead managers for this issuance are Basler Kantonalbank, Raiffeisen, J. Safra Sarasin, and Zürcher Kantonalbank.

ChainCatcher news, according to official sources, the Monetary Authority of Singapore (MAS) has announced plans to promote regulated and trusted tokenized forms of currency as common settlement assets, thereby reducing settlement risks and market fragmentation. It is currently facilitating financial institutions to obtain common settlement assets, including the Singapore dollar wholesale central bank digital currency (CBDC). The initial test network, SGD Testnet, features settlement tools, programmability, and interoperability.The test network SGD Testnet will be open to eligible financial institutions in Project Guardian and Project Orchid. The first batch of participating financial institutions includes DBS Bank, OCBC Bank, Standard Chartered Bank, and UOB, with use cases including payments and securities settlement.

ChainCatcher news, according to Bloomberg, as concerns grow that the Bank of England's digital currency (CBDC) Britcoin will replace cash, Bank of England (BOE) Governor Andrew Bailey stated, "The evidence shows that people do indeed want cash, so we will continue to provide it."Bailey's remarks reiterated what senior Bank of England official Sarah Breeden said last year during a Treasury Committee inquiry. She stated:"We will ensure that cash is available as long as there is demand. We will ensure that the cash infrastructure in the financial system exists as long as there is demand—cash and digital currency are both options." Since the idea of CBDC was first proposed a few years ago, lawmakers and citizens have been divided over its pros and cons. Supporters of Britcoin argue that it has the potential to reduce costs and risks. However, opponents worry that it could empower the government to monitor people's spending and replace cash.The Bank of England began designing a digital version of the pound in January this year. However, the Bank of England has not yet decided whether to actually launch it. Bailey stated that he supports the issuance of wholesale CBDC but is cautious about issuing retail CBDC. He added that in terms of retail CBDC, "it's hard to see central bank money playing a anchoring role." However, wholesale CBDC could play a "special role" in "wholesale high-value payments and settlement of payment systems for central bank money."Bailey further added that the Bank of England is establishing retail CBDC for innovation purposes. He believes that CBDC innovation should be open to the private sector, which will ensure that commercial banks modernize their digital payment systems. He also pointed out that banks lack the incentive to improve efficiency in certain areas, such as cross-border payments, which "stifles innovation." Therefore, in the "cross-border payments space, modernization progress remains slow," Bailey stated, and better digital systems are needed, "there is no sufficient reason for arbitrary decision-making on this issue."

ChainCatcher news, according to Cryptonews, the Norwegian central bank is advancing its research on central bank digital currency (CBDC) and plans to make a related decision by the end of 2025. Although the European Central Bank is preparing for digital currency, Norway has stated that it is not in a hurry to accelerate the process.According to Norway's Deputy Governor Pål Longva, Norway's research on CBDC is in line with other central banks, with the current focus on assessing complex issues. Norway is known for its leading position in digital payments, and although cash usage declined during the pandemic, it has recently stabilized.

ChainCatcher news, the Indian government is weighing a ban on private cryptocurrencies like Bitcoin while actively promoting the adoption of Central Bank Digital Currency (CBDC). According to the Hindustan Times, Indian regulators are inclined to implement a cryptocurrency ban after consulting with several key institutions.Reports indicate that India's attitude towards cryptocurrencies has undergone several reversals. In 2018, the RBI banned banks from processing cryptocurrency transactions, which was overturned by the Supreme Court in 2020. In November 2023, RBI Governor Shaktikanta Das emphasized the potential risks of cryptocurrencies to the Indian economy, supporting CBDC as a safer alternative.

ChainCatcher news, the Bank of Korea, Financial Services Commission, and Financial Supervisory Service are scheduled to conduct real CBDC transaction tests with 100,000 ordinary citizens and commercial banks in December. Due to the banks' own system reforms, it has been postponed to early next year. The actual transaction tests will be conducted after the bank system restructuring and security checks are completed, followed by beta testing.

ChainCatcher message, the Core Foundation announces the appointment of Abdoulaye Ndiaye as a research advisor, whose extensive background in economics and public policy closely aligns with the mission of the Core Foundation.Professor Ndiaye serves as an Assistant Professor of Economics at NYU Stern School of Business, specializing in macroeconomics, public finance, and income inequality. His research addresses key economic issues that resonate with Core's commitment to promoting economic sustainability.