ChainCatcher news, according to Fortune, the team of Sun Yuchen pressured its new owner Bullish to remove related articles due to dissatisfaction with the report published by CoinDesk. The article detailed Sun Yuchen's behavior of purchasing an artwork banana for $6.2 million and consuming it, while also mentioning his legal disputes with the U.S. Securities and Exchange Commission and controversies surrounding the Tron blockchain. After the article was deleted, the CoinDesk editorial team expressed concerns about independence.Bullish acquired CoinDesk for $75 million last year and promised that it would operate as an independent subsidiary. However, this incident has intensified the tension between the media and its owner. CoinDesk's editorial board chair Matt Murray has resigned, and Bullish has not commented on the incident.

ChainCatcher news, according to Fortune, the team of Sun Yuchen pressured its new owner Bullish to remove related articles due to dissatisfaction with the report published by CoinDesk. The article detailed Sun Yuchen's purchase of an artwork banana for $6.2 million and his act of eating it, while also mentioning his legal disputes with the U.S. Securities and Exchange Commission and controversies surrounding the Tron blockchain. After the article was removed, the CoinDesk editorial team expressed concerns about independence.Bullish acquired CoinDesk for $75 million last year and promised to operate it as an independent subsidiary. However, this incident has intensified the tension between the media and its owner. CoinDesk Editorial Board Chairman Matt Murray has resigned, and Bullish has not commented on the incident.

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, previously, cryptocurrency supporter and U.S. Representative from Arkansas, French Hill, defeated three other competitors to win the position of Chairman of the Financial Services Committee.Hill currently serves as the Vice Chairman of the committee and heads the subcommittee on Digital Assets, Financial Technology, and Inclusion. He emphasized that he is very grateful for the opportunity to serve as the chairman of the committee.Outgoing Chairman Patrick McHenry praised Hill's leadership skills, particularly his expertise in financial technology and innovation. McHenry stated, "French's experience in the private sector, the Treasury Department, and as Vice Chairman has prepared him well for this role." He emphasized, "Under French Hill's leadership, the Republicans will ultimately establish a clear regulatory framework and strong consumer protections for the digital asset ecosystem based on this Congress." McHenry also highlighted Hill's contributions to advancing key legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21). Hill's appointment has garnered support from leaders in the cryptocurrency industry and lawmakers. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intellect, growth mindset, and innovative outlook."

ChainCatcher News, the new chairman of the U.S. House Financial Services Committee, French Hill, stated that he will focus on easing bank regulations, promoting capital formation to encourage more companies to go public, and addressing issues related to the structure of the cryptocurrency market.In an interview with CNBC, Hill also mentioned that he has not yet decided whether the U.S. should establish a Bitcoin reserve.

ChainCatcher news, according to The Block, crypto supporter and U.S. Congressman French Hill from Arkansas defeated three other competitors to win the position of Chairman of the Financial Services Committee.It is reported that French Hill stated in July's Unchained podcast that stablecoin and market structure legislation would be the two bills he most wants to pass after becoming chairman.

ChainCatcher news, according to Bloomberg citing informed sources, venture capital giant Andreessen Horowitz (a16z) crypto policy chief Brian Quintenz has become the leading candidate for the position of chairman of the U.S. Commodity Futures Trading Commission (CFTC).Quintenz recently completed the interview for the position; he previously served as a Republican commissioner at the CFTC and is currently responsible for policy matters in a16z's crypto division. If appointed, this could signify a significant shift in the CFTC's regulatory policy towards cryptocurrencies. Both Quintenz and a16z spokesperson declined to comment on this matter.

ChainCatcher news, Trump's Treasury Secretary nominee Bessent supports Federal Reserve Chairman Powell to complete his full term.

ChainCatcher news, Trump stated in an interview on NBC's "Meet the Press" with Kristen Welker that he would not seek to replace Federal Reserve Chairman Powell after taking office in January. When asked if he would seek to replace Powell, Trump told Welker, "No, I don't think so." "I think if I told him, he would (resign). But if I asked him (to resign), he might not."

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 Fox Business reporter Eleanor Terrett, U.S. presidential candidate Trump has shifted his focus to the chair position of the Commodity Futures Trading Commission (CFTC) after nominating a candidate for SEC chair. Interviews with candidates are expected to take place next week at Mar-a-Lago in Florida. The CFTC will become one of the key agencies for cryptocurrency regulation in the new government.According to sources, potential candidates include current Republican CFTC commissioners Kristin Johnson Mersinger and Caroline Pham, as well as former CFTC commissioners Jill Sommers and Brian Quintenz, former CFTC official Josh Sterling, and special advisor to the former CFTC legal counsel, Kumar. There are also reports that Digital Chamber founder Perianne Boring is on the list, but her candidacy status remains unclear.

ChainCatcher News, former President Donald Trump of the Republican Party announced on Wednesday that he will nominate Paul Atkins to be the chairman of the U.S. Securities and Exchange Commission (SEC). Following the announcement, cryptocurrency prices rose sharply. Current SEC Chairman Gary Gensler is a hardliner, and his ambitious agenda has led to conflicts with Wall Street and the crypto industry.Atkins believes that robust and innovative capital markets can meet the needs of investors and provide the funding necessary to keep the U.S. economy at the forefront. He also recognizes that digital assets and other innovations are crucial for maintaining America's leadership. Atkins is expected to review several rules established under Gensler's tenure and the court enforcement actions, adopt a more lenient approach to cryptocurrencies, and seek rule changes aimed at promoting capital formation.

ChainCatcher news, Coinbase CEO Brian Armstrong expressed agreement with U.S. SEC Commissioner Hester Peirce's view that Paul Atkins is an excellent candidate for the new SEC chair.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "U.S. CFTC Commissioner Caroline Pham is one of the candidates for the new chair, and she pointed out that under new leadership, pausing the enforcement actions from the Biden era is a question on the table."Pham recently stated, "The outlook for next year is optimistic, as under new leadership in Washington, the CFTC chair can leverage this power to set the agenda, establish new rules, and pause enforcement actions."

ChainCatcher news, SEC Commissioner Hester Peirce posted on the X platform: "At the SEC, we have a lot of work to do to advance free markets, capital formation, investor choice, and innovation. I am pleased that Paul Atkins will be returning to lead this effort; I worked with him during his last tenure at the agency, and I can’t think of anyone better suited for this role."

ChainCatcher news, EDX Markets announced the promotion of its Chief Technology Officer (CTO) Tony Acuña-Rohter to Chief Executive Officer (CEO), with founder and former CEO Jamil Nazarali transitioning to Executive Chairman.EDX Markets Chairman Peng Zhao stated, "Jamil's leadership and vision have been crucial in shaping EDX into the preferred digital asset trading platform for leading financial institutions worldwide."Acuña-Rohter has previously worked at CME Group and ErisX, and he will have a significant impact on the upcoming Asian perpetual futures platform.