ChainCatcher news, according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra stated that allowing the trading of stablecoins and other asset-backed tokens "poses no risk," and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses about $4 billion (100 billion baht) in online gambling tax revenue each year. The Thai Cabinet has approved the draft of the "Entertainment Complex Management Act," aimed at legalizing casinos and the gambling industry.Although Thaksin is not part of the current government, he still holds significant influence in politics through his daughter, current Prime Minister Prayut Chan-o-cha. He suggested that the Thai Securities and Exchange Commission (SEC) allow stablecoin trading and proposed Phuket as a pilot area for cryptocurrency payments. He emphasized, "This poses no risk; it's just another currency in the world."

ChainCatcher news, QCP Capital's latest analysis points out that due to better-than-expected U.S. employment data, Bitcoin has pulled back to the support level of $95,000. JOLTS job openings surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpected strength in the labor market has triggered risk-off sentiment, leading to a sell-off in risk assets as long-term bond yields rise.Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.QCP Capital believes that this week's FOMC meeting and non-farm payroll data will further influence Bitcoin's trend. The market expects that Trump's inauguration will boost optimism, and the current pullback may serve as a buildup for a bullish rebound.

ChainCatcher news, Boost VC announced an investment in the decentralized research project PoSciDonDAO, with the specific amount not disclosed. After the transaction is completed, PoSciDonDAO will join Boost VC's Go-To-Market program.It is reported that Boost VC is expanding into the decentralized science (DeSci) field, and its portfolio also includes Molecule, ResearchHub, HairDAO, and Data Lake.

ChainCatcher news, Mitsubishi UFJ analyst Lee Hardman stated in a report that the Federal Reserve's latest interest rate decision has increased the likelihood of further appreciation of the dollar in the first half of 2025. It is expected that U.S. interest rates will remain at a high level for a longer period, creating a greater policy divergence with other major central banks. The expectation of widening policy divergence, coupled with the imminent risk of higher tariffs at the beginning of Trump's second term, will continue to put upward pressure on the dollar next year. (Jin Ten)

ChainCatcher news, according to The Block, the decentralized trading platform Balancer has launched its V3 platform upgrade, aimed at optimizing liquidity, providing new development tools, and driving trading volume growth.Balancer V3 introduces 100% Boosted Pools, combining its permissionless automated market maker technology with the yield market infrastructure of the DeFi lending protocol Aave. Aave is the primary launch partner for this upgrade, and other partners are expected to follow suit. This integration allows these pools to merge the yields from the swap and lending markets into a single efficient location.It is reported that Boosted Pools offer a passive liquidity solution that directs all underlying capital to external yield markets while maintaining swap liquidity. With just one click, liquidity providers can optimize returns and easily access the most efficient markets in DeFi without the need for active management.

ChainCatcher news, a report released on Wednesday shows that the Federal Reserve's favorite inflation indicator, while meeting expectations, rebounded in October compared to September, marking the largest increase since April. This data supports the Fed's cautious stance on interest rate cuts, but market expectations for a rate cut in December have not been dampened.According to 4E monitoring, the three major U.S. stock indices collectively closed lower on Wednesday, ending a recent streak of gains. The Dow Jones fell by 0.31%, the S&P 500 dropped by 0.38%, ending a seven-day winning streak; most large tech stocks declined, and the U.S. stock market will be closed for one day on Thursday, with an early closure on Friday by three hours. Traders seem to be taking profits on large tech stocks that have performed well this year, leading the Nasdaq to drop by 0.60%, the biggest loser among the three indices.Earlier this week, Bitcoin experienced a pullback as some investors took profits when the price approached a historical milestone. On Wednesday, the crypto market saw a strong rebound, with Bitcoin rising nearly 4.4% in the last 24 hours and Ethereum increasing over 10%, boosting crypto-related stocks, with MicroStrategy up 9.94% and Coinbase up 6.03%.In the forex commodities sector, the market was quiet ahead of Thanksgiving, with the dollar weakening by about 0.9% to reach a two-week low, while non-dollar currencies rose; news that the OPEC+ meeting on Sunday may delay production increase plans supported oil prices, with U.S. oil closing slightly lower on Wednesday and Brent crude roughly flat; gold prices rose on Wednesday, but the increase narrowed after data showed stagnation in inflation progress, which suppressed rate cut expectations.Data from recent months suggests that the process of reducing inflation seems to have stalled, which may limit the Fed's room for rate cuts in 2025, but is unlikely to affect the Fed's decision to continue cutting rates at its last monetary policy meeting of the year. The market currently believes that the likelihood of a 25 basis point rate cut by the Fed in December has risen to nearly 70%.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex. It recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, QCP Capital's latest analysis indicates that Ethereum is performing strongly, with a rise of over 4% yesterday, while Bitcoin fell by 1.5% during the same period. The ETH/BTC exchange rate rebounded 13% from the post-election low of 0.0318 to 0.0366, showing that funds are shifting towards Ethereum. The increase in Ethereum significantly outpaced the 0.5% rise of the CoinDesk 20 index.In addition, U.S. presidential elect Trump nominated Scott Bessent as Treasury Secretary, boosting market sentiment. The Dow Jones Industrial Average rose 439 points to 44,860, an increase of 0.99%; the S&P 500 index broke through 6,000 points; and the Nasdaq Composite Index rose by 0.75%. Bessent proposed a "three arrows" economic strategy, including goals of achieving a 3% budget deficit by 2028, 3% GDP growth, and an increase of 3 million barrels of oil per day.

ChainCatcher news, boosted by the nomination of Scott Basset as Treasury Secretary by the elected President Trump, most Asian currencies strengthened against the US dollar in the Asian morning.Four members of the Commonwealth Bank of Australia's (CBA) global economic and market research stated in a report: "It is reported that Basset tends to favor a weaker dollar and supports the 'shadow' chair strategy of the Federal Open Market Committee (FOMC)." Meanwhile, the FOMC meeting minutes to be released this week may reveal discussions regarding the potential reduction of the federal funds rate and views on core inflation in the United States. (Jin Shi)

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on the X platform that MicroStrategy is being pushed up by BTC, with the premium rate continuously reaching new highs, which traditional finance cannot understand, and there is a certain degree of sluggishness towards the MicroStrategy model.

ChainCatcher news, Matrixport released today's chart stating that the Bitcoin futures open interest has surpassed $30 billion, plus $14 billion in futures contracts from the CME, setting a new high for the year. Although the funding rate recently surged to 30% (annualized), it has now fallen back to 15%, indicating that some leveraged long traders have chosen to close their positions. It is worth mentioning that even with the decline in the funding rate, the Bitcoin price remains strong, highlighting the activity of buyers in the spot market.As the funding rate decreases, speculative long traders can return to the market at a lower cost, further boosting the bullish sentiment. This series of market changes indicates that the upward momentum of Bitcoin remains solid.

ChainCatcher news, according to Cointelegraph, RedStone co-founder and COO Marcin Kaźmierczak stated in an interview that the incoming Trump administration "could significantly drive the expansion of DeFi," adding that "such a government might support policies that push DeFi from niche to mainstream, catalyzing innovation and an influx of investment."He also noted that a rise in Bitcoin prices "typically" triggers an increase in DeFi service activity, and added, "As BTC continues to rise, it not only climbs in isolation but also boosts the entire DeFi industry."Kaźmierczak claimed that the Trump administration might adopt cryptocurrency-friendly policies, easing regulatory barriers and encouraging innovation. "Under Trump's leadership, a bull market for DeFi platforms is expected, which could rewrite the rules of digital finance," he stated, mentioning that Trump and his team forked Aave and created the crypto project World Liberty Financial (WLFI).

ChainCatcher news, according to Jinshi reports, UBS Global Wealth Management stated that the recent strength of the dollar may not last after Trump's victory in the U.S. presidential election. Analysts in a report said that in the medium to long term, the dollar may weaken. "The policies proposed by Trump are expected to expand the twin deficits, undermining the long-term appeal of the dollar." They indicated that Trump may not be able to deliver on policies that boost the dollar, as he might seek lower yields and a weaker currency.Meanwhile, they noted that the market has gone too far in lowering expectations for Fed rate cuts, and the "overshooting" of U.S. Treasury yields may decline along with the dollar. UBS expects that by December 2025, the euro will rise against the dollar from the current 1.0573 to 1.12.

ChainCatcher news, trader Eugene stated on social media, "The breakout rise of DOGE means that the market cap ceiling of all other Meme coins will also rise proportionally. The previous valuation of 1 billion dollars was the ceiling, but now it's just the starting point."

ChainCatcher news, Greeks.live researcher Adam posted on social media that the U.S. election ended with a landslide victory for Trump, and Bitcoin simultaneously broke through its historical high, driving multiple mainstream cryptocurrencies to surge. The market sentiment is currently very high. The crypto market is now independent of other markets, and often important fundamental turning points are first reflected in the crypto space. Last Friday's interest rate meeting decided to cut rates by 25 basis points, and the fundamentals of the rate-cutting cycle are supporting the investment market. The implied volatility (IV) of the current options at-the-money has already dropped below 60%, with strong selling pressure from sellers who are selling into the big market.The U.S. election ended with a Trump victory, and last Friday's interest rate meeting decided to cut rates by 25 basis points. The crypto market reacted strongly, with Bitcoin breaking through its historical high, and both funding rates and futures premiums showing strong bullish sentiment. In terms of options, the implied volatility (IV) of the current options at-the-money has dropped to 80%, with strong selling pressure from sellers who are selling into the big market. Currently, the short-term skew of Bitcoin has risen significantly, while the mid to long-term skew has decreased. The options market still needs to observe the movements of the whales.In the crypto interest rate market, the Bitfinex interest rate market has been relatively stable recently, with occasional high-interest orders of 20%. When encountering suitable interest rate orders, it is worth actively trading, especially during market movements.