ChainCatcher message, regarding "The ETF Store president says it's shocking that ETF issuers have not applied for a Dogecoin ETF," Bloomberg ETF analyst Eric Balchunas agreed, adding, "I originally thought we would see issuers submit applications before Christmas. Now it seems we may have to wait until Atkins (SEC new chairman Paul Atkins)/Trump officially takes office."

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas shared an interview video of SEC Commissioner Hester Peirce on the X platform, in which Hester Peirce stated, "Most SEC commissioners in the past did not want things to go smoothly, but now there has been a shift to wanting things to go smoothly, which makes things much easier."Eric Balchunas noted that Hester Peirce appeared very happy, smiling, suggesting that the Ethereum ETF staking might be approved, as she mentioned that these products are "more useful" for investors.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas expects a wave of cryptocurrency ETFs to emerge next year, likely starting with a BTC + ETH combination ETF, followed by LTC, HBAR, and XRP/Solana.

ChainCatcher news, according to Bloomberg, Bitcoin took a slight breather after first breaking through $108,000, as traders awaited the anticipated Federal Reserve interest rate cut decision and assessed the optimism brought by incoming President Donald Trump's support for cryptocurrencies.Trump has promised to introduce friendly regulatory policies aimed at establishing the U.S. as a leader in the cryptocurrency space and supports the idea of creating a strategic national Bitcoin reserve. MicroStrategy is set to join the Nasdaq 100 index, which also adds to this optimism, as it opens up possibilities for the company to further profit from Bitcoin investments. The market widely expects the Federal Reserve to implement another 25 basis point rate cut on Wednesday, but the clarity of future policy direction has diminished due to strong U.S. economic growth and inflation risks stemming from Trump's broader agenda.

ChainCatcher news, according to Bloomberg, the latest U.S. inflation data has strengthened bets on the Federal Reserve cutting interest rates again, and Bitcoin has once again surpassed $100,000. The prospect of a loose monetary environment has eased investor sentiment, driving the tech-heavy Nasdaq 100 index to a record high.Henry Elder, head of UTXO Management, stated, "The market likes to see inflation rates meet expectations." He added that traders are "trying to figure out whether $100,000 is a ceiling or a floor."Since Trump won the U.S. election on November 5, Bitcoin has risen by about 50%, with approximately $11 billion net inflow into U.S. Bitcoin spot ETFs during this period, while Ethereum spot ETFs attracted $2.4 billion in net inflow.

ChainCatcher news, Bloomberg analyst James Seyffart posted on social media that whether Microstrategy (MSTR) can be classified as part of the Nasdaq 100 may depend on its ICB classification. If the company's operating business is software as a service, it would classify it as a tech stock. However, its stock performance is now largely tied to financial engineering, stemming from its Bitcoin purchases.Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a "Bitcoin bank." If the ICB reclassifies MicroStrategy as a financial stock, it will not meet the qualifications for the Nasdaq 100.

ChainCatcher news, Bloomberg analyst Eric Balchunas posted on the X platform that BlackRock's Bitcoin spot ETF "IBIT" has assets equivalent to the total of 50 ETFs focused on Europe (regional + single country), which have been in existence for 20 years.In addition, ETF and technology strategist Todd Sohn believes that the investment environment in Europe has bottomed out and cannot get any worse.

ChainCatcher news, according to Bloomberg, artificial intelligence (AI) companies have significantly outpaced cryptocurrency mining enterprises in energy demand for data centers, becoming a new dominant force in the global electricity market. AI technology giants are willing to pay up to three times the price of electricity compared to Bitcoin miners to support their data centers. This fierce competition is forcing Bitcoin miners to turn to marginalized or intermittent power sources.MAR Holdings CEO Fred Thiel stated that the electricity costs paid by AI companies are much higher than those of crypto miners, putting the latter under survival pressure. For example, his company recently acquired a wind farm in Texas to maintain operations, but this type of power supply is not stable. Additionally, the disadvantages that crypto miners face in loan default rates and financing costs make electricity suppliers more inclined to cooperate with technology giants.It is worth noting that the recent surge in Bitcoin prices, surpassing $100,000, may slow down the trend of miners' data centers being acquired. However, industry experts predict that Bitcoin miners will be further pushed into marginal markets that cannot meet AI's electricity demands, such as inefficient power facilities in remote areas. This competitive landscape indicates that the energy demand patterns of the AI and cryptocurrency industries are undergoing significant changes, while also revealing the relative weaknesses of miners in terms of technology and capital capabilities.

ChainCatcher news, according to a report by Bloomberg, in a filing on October 31, MicroStrategy stated that "the significant decline in Bitcoin's market value could have a material adverse effect on our financial condition, potentially posing liquidity and credit risks to our business operations, as our means of obtaining cash are limited aside from the revenue generated by our enterprise analytics software business." MicroStrategy did not immediately respond to requests for comment on the matter.

ChainCatcher news, according to Bloomberg, due to Donald Trump's choice of a cryptocurrency-friendly financier as the head of the U.S. top financial regulatory agency, the rise of cryptocurrencies has made a few companies that mimic MicroStrategy's convertible bond sale strategy winners. These companies have followed MicroStrategy Inc.'s strategy of raising funds through the sale of convertible bonds to purchase Bitcoin.Investors have flocked to companies connected to the industry, opening the floodgates for financing. The $6.2 billion convertible bonds issued by MicroStrategy this year are just the beginning, as part of its latest plan to raise $21 billion through fixed-income issuance. Other companies have also followed this trend, with MARA Holdings Inc. selling over $2 billion in assets (also to purchase Bitcoin), while Core Scientific Inc. has raised over $1 billion so far this year.

ChainCatcher news, according to Bloomberg, large financial companies such as Standard Chartered Bank and Virtu Financial Inc. are preparing to join a new cryptocurrency derivatives trading platform in London.The trading platform Global Futures and Options Ltd. (referred to as GFO-X) announced on Monday that it has signed agreements with ABN Amro Clearing and market maker IMC, and it expects to launch in the first quarter of next year. GFO-X is supported by M&G Investments (the asset management division of pension giant M&G Plc).GFO-X will handle trading of Bitcoin index futures and options, initially planned to go live by the end of 2023, but it failed to launch on schedule due to two delays. The trading on GFO-X will be cleared by LCH SA, which is owned by the London Stock Exchange Group.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas stated that the SEC, led by Gary Gensler, has rejected the application for the Solana ETF, and it is expected that the issuer will resubmit the application after the new SEC chairman Paul Atkins takes office.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas stated that the SEC, led by Gary Gensler, has rejected the application for the Solana ETF, and it is expected that the issuer will resubmit the application after the new SEC chairman Paul Atkins takes office.

ChainCatcher news, according to Bloomberg, informed sources revealed that the online brokerage firm eToro, which offers cryptocurrency and stock trading, is collaborating with Goldman Sachs to prepare for an initial public offering (IPO) in the United States. eToro is considering going public as early as the second quarter, although this timeline may change. The company stated that its listing valuation could exceed the $3.5 billion achieved in last year's private financing. Informed sources indicated that details such as the issuance timing may change, and more banks may join the list.Previously, eToro attempted to go public with a valuation of $10.4 billion by merging with a special purpose acquisition company led by serial trader Betsy Cohen. Both parties mutually agreed to terminate the transaction at the end of 2022.

ChainCatcher message, Bloomberg senior analyst Eric Balchunas posted on the X platform: "The total Bitcoin holdings of U.S. spot ETFs have just surpassed the holdings of Satoshi Nakamoto, currently holding over 1.1 million coins, more than anyone else in the world. These funds have been established for less than a year, they are simply at the 'baby' level."

ChainCatcher news, according to Bloomberg, Bitcoin has retreated after reaching an all-time high, and some traders are seeking to hedge against deeper pullback risks. The funding rate is a key indicator of leverage in the cryptocurrency market and is currently approaching historical highs.This data indicates that traders are willing to pay a high premium to increase the leverage of their long positions, and perpetual contracts are one of the most commonly used products for investors to double down on the directional movement of Bitcoin prices. As past bull markets have shown, elevated funding rates may foreshadow a pullback.Nathanaël Cohen, co-founder of the digital asset hedge fund INDIGO Fund, stated that the funding rate is a good way to gauge how overheated the market is, but it can also be very dangerous, as it may remain elevated for longer than expected.

ChainCatcher news, according to Bloomberg, the fines and investor relief obtained by the U.S. CFTC reached a record $17.1 billion, largely due to the agency's crackdown on FTX. Most of the fines and relief for the fiscal year 2024 are related to FTX and its sister hedge fund Alameda Research, leading to over $8.7 billion in compensation and $4 billion in illegal gains, the highest in CFTC history.The regulatory agency also ordered a $2.85 billion fine and relief against Binance and its founder Changpeng Zhao to settle allegations of operating an illegal digital asset derivatives exchange. In October, the agency took action for the first time against the voluntary carbon credit market, accusing former CQC Impact Investors CEO of falsifying data to obtain carbon credits.CFTC Enforcement Director Ian McGinley stated in a release, "This year, we have seen large-scale, complex cases and settlements in both our traditional markets and increasingly important areas like the voluntary carbon market. We are committed to prioritizing strong, effective, and targeted enforcement to deter future misconduct."

ChainCatcher news, according to Bloomberg, cryptocurrency trading volume has surged to an all-time high, with the trading volume of digital assets on centralized spot and derivatives exchanges surpassing $1 trillion for the first time. According to data compiled by CCData, total trading volume doubled last month."This sentiment is reflected in the increased interest in assets like XRP, which has historically faced stricter regulatory scrutiny," said Jacob Joseph, senior research analyst at CCData. "Institutional players are also showing optimism, with CME's trading volume significantly rising over the past month, and a large influx of funds into spot Bitcoin ETFs."Monthly spot trading volume on centralized exchanges grew by 128%, reaching $3.43 trillion, marking the second-highest level since May 2021. CCData's data shows that derivatives trading volume surged by 89%, reaching $6.99 trillion, surpassing the historical high from March. This data does not include trading volume from DeFi platforms. As traders flock to altcoins, many South Korean spot cryptocurrency exchanges, such as Upbit, have seen a surge in trading volume. Additionally, CME's total trading volume increased by 83%, reaching $245 billion, setting a new historical high.

ChainCatcher news, Bitget CEO Gracy Chen was invited to attend a Bloomberg TV interview. In the interview, Gracy mentioned that Bitcoin is fluctuating around the $100,000 mark, reflecting a strong "arbitrage" sentiment in the short-term market. She pointed out that especially some whale users who started accumulating positions in 2022 have an average holding cost of only about $20,000. Although future cryptocurrency regulations in the U.S. may become more lenient, the related uncertainties remain an important consideration for investors, and some investors choose to cash out at the current price level.At the same time, Bitcoin's recent performance has provided more opportunities for altcoins. However, regarding the rumors circulating in the market that "ETFs for altcoins like DOGE and SOL may soon be approved," she believes there are still multiple challenges: first, the issue of approval order. Based on the experience of Bitcoin and Ethereum ETFs being approved, the mainstream market usually first approves futures ETFs, followed by spot ETFs for related assets, and none of these altcoins' futures ETFs have been approved yet; second, regulatory discrepancies, as some regulatory agencies still dispute whether tokens like SOL are considered securities, which may affect the related approval process; third, the risk of market manipulation, as most altcoins are not as decentralized as BTC and ETH, making the possibility of market manipulation relatively higher.

ChainCatcher news, according to Bloomberg, Sun Yuchen recently announced an investment of $30 million in the Trump family's DeFi project WLFI, exceeding its minimum sales target. According to the terms detailed in WLFI's "Gold Paper," the Trump family can now receive at least $15 million.Previous news, the Trump family's cryptocurrency project World Liberty Financial released a 13-page "World Liberty Gold Paper" document, detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while bearing no liabilities.The remaining 25% of the net agreement income will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its profit rights to Trump associate and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.