ChainCatcher news, according to Bitcoin.com News, renowned economist and gold supporter Peter Schiff posted on social platform X, criticizing the Trump administration's support for Bitcoin policies. Schiff stated, "When the government picks winners and losers, it usually picks losers. Since the Trump administration chose Bitcoin, Wall Street is misallocating capital massively into Bitcoin and related value-destroying enterprises."In response to Senator Lummis's suggestion that the Federal Reserve sell gold reserves to buy Bitcoin, Schiff warned, "If the U.S. makes the grave mistake of selling gold to buy Bitcoin, you should buy gold, and if you hold Bitcoin, sell it to the U.S. government." He also criticized MicroStrategy Executive Chairman Michael Saylor's Bitcoin investment strategy as a "Ponzi scheme," claiming that if forced to sell Bitcoin, the company could collapse.

ChainCatcher News, a report released by the American agency "Regulatory Research Center" in 2020 shows that between 2000 and 2010, the growth rate of federal government regulatory spending and staffing in the United States was faster than in the previous two decades (overall spending increased by 66.5%, and staffing grew by 54.0%).According to the budget estimates for fiscal year 2021, regulatory spending in 2020 was 22.8% higher than the level in 2010, with an average annual growth rate of 2.1% over the decade. From 2010 to 2020, staffing increased by 5.8%, with an average annual growth of 0.6%.Elon Musk shared an image from the report on X, stating: "There are too many regulators, just like in a sports game where the number of referees exceeds the number of players on the field!" Previously, Musk was appointed as an advisor to the Trump administration, leading the "Office of Government Efficiency" (金十).

ChainCatcher news, according to Cointelegraph, rumors have begun circulating on social media about Ripple Labs CEO Brad Garlinghouse's recent meeting with incoming President Trump, as the company and Garlinghouse face criticism from industry executives. In response to these rumors, former Messari CEO and founder Ryan Selkis commented, "Brad Garlinghouse is vigorously promoting the deployment of XRP and CBDCs." Riot Platforms Vice President of Research Pierre Rochard retweeted Selkis's comment.Rochard agreed with Selkis's view and wrote, "We cannot allow Ripple to influence U.S. policy-making with their anti-Bitcoin agenda," and expressed hope that Trump would appoint more Bitcoin supporters to his administration. It is rumored that Garlinghouse's meeting with Trump was one of the catalysts for the recent rise in XRP.When appearing on Fox Business recently, Garlinghouse neither confirmed nor denied the rumors of a meeting with Trump. However, he expressed confidence in the future of the crypto industry under Trump's administration. He also stated that he was not surprised by the positive reaction of the crypto market following Trump's victory on November 5. Garlinghouse pointed out that SEC Chairman Gary Gensler's hostility towards the industry is a major driving force suppressing U.S. crypto projects.

ChainCatcher news, Gemini co-founder Tyler Winklevoss lambasted Gary Gensler on the X platform. He stated: Gary Gensler should never hold a position of influence, power, or authority again. Any company, university, or organization that hires or collaborates with him after the SEC is a betrayal of the crypto industry and should be strongly resisted. This is the only way to prevent such abuses of government power from happening again in the future.Gary Gensler's actions cannot be explained as a good-faith mistake. His behavior is entirely calculated and deliberate, aimed at advancing his personal political agenda at all costs, even if it means destroying an industry, tens of thousands of jobs, people's livelihoods, billions of dollars in investment capital, and more. Ironically, his antisocial ambitions ultimately ruined his own party.No amount of apologies can make up for the damage Gary Gensler has done to the crypto industry and the country. Such a person should not be in any institution, large or small. Americans have had enough of their tax dollars going to a government that is supposed to protect them but is instead used by politicians who want to undermine their success. It is time to put an end to this pathology once and for all.

ChainCatcher news, Coinbase CEO Brian Armstrong criticized the recent investigation by the U.S. Department of Justice (DOJ) into the cryptocurrency prediction market Polymarket.Armstrong expressed his dissatisfaction on social media, believing that the DOJ's actions are politically motivated and may inadvertently strengthen Polymarket's influence. It is understood that the ongoing investigation involves the search of electronic devices belonging to Polymarket CEO Shayne Coplan.

ChainCatcher news, identity and access management software provider Okta officially stated that on October 30, 2024, an internal vulnerability was discovered in the AD/LDAP DelAuth when generating cached keys. The Bcrypt algorithm is used to generate cached keys, where we hash the combination string of userId + username + password. Under specific conditions, this can allow users to authenticate simply by providing a previously successfully authenticated stored cached key to the username.The prerequisite for this vulnerability is that the username must be equal to or exceed 52 characters each time a cached key is generated for the user. The affected products and versions are Okta AD/LDAP DelAuth as of July 23, 2024, and this vulnerability has been resolved in Okta's production environment on October 30, 2024.

ChainCatcher message, the TonBit team recently discovered and assisted in fixing two critical vulnerabilities in the TON virtual machine. One of the vulnerabilities could be exploited by malicious contracts to trigger an abnormal crash of the virtual machine, thereby affecting the stability of the network. The official Ton development team has adjusted the internal processing of the virtual machine in the latest Github Release to prevent such attacks from occurring.

ChainCatcher news, according to DLNews, UK Chancellor Rachel Reeves has announced the first budget proposal, raising the highest capital gains tax rate from 20% to 24%, and increasing the lower rate from 10% to 18%. Although the increase is lower than the tech industry's previous expectations, it has still faced criticism from representatives of the crypto industry.A spokesperson for CryptoUK expressed disappointment to the media that the Chancellor failed to seize the opportunity to unify the digital asset tax system with traditional trading, and also did not provide clearer tax guidance for the industry, leaving many startups, growth-stage companies, and investors in a state of uncertainty.Reeves stated that the tax rate adjustments aim to fill the £22 billion public spending gap left by the Conservative government. She pointed out that even after the increase, the UK's tax rates remain lower than those of other European G7 economies.

ChainCatcher news, according to Cointelegraph, based on Kaito AI data cited by Andy, the host of the crypto show The Rollup, "wartime status" Ethereum co-founder Vitalik ranks first with 1.69% of the "thought leader mind share" in the past seven days, followed closely by Helius Labs CEO Mert Mumtaz, who holds 1.18%.Previous report, Vitalik recently published a lengthy article on the X platform defending the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism, achieve low fees, under 30 seconds transaction confirmations, zero-knowledge proof privacy features, and keep the network running uninterrupted since 2016.He also urged critics to "show some respect." When asked why the Ethereum Foundation does not use all ETH for staking to cover costs through earnings instead of selling, Vitalik explained that the Ethereum Foundation wants to avoid being forced into an "official choice" during controversial hard fork events.However, Vitalik stated that the Ethereum Foundation is exploring other staking participation methods, including issuing grants in the form of staked ETH, allowing grant recipients to control withdrawal timing and retain earnings. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.

ChainCatcher news, recently Tether issued a strong statement on its official website criticizing the irresponsible reporting of The Wall Street Journal: "The Wall Street Journal wrote an article with reckless accusations so definitively without any public confirmation from authorities or disclosing sources, which is extremely irresponsible; these stories are purely based on speculation. This report also carelessly obscured Tether's documented extensive cooperation with law enforcement to combat bad actors attempting to misuse Tether and other cryptocurrencies."Previously, The Wall Street Journal reported that Tether might face penalties for doing business with organizations on the U.S. sanctions list.

ChainCatcher news, reported by The Block, Ethereum co-founder Vitalik Buterin recently criticized the views of MicroStrategy founder Michael Saylor. In a recent interview with the New Zealand Herald, Saylor stated that concerns about using regulated entities to custody Bitcoin mainly stem from "paranoid cryptocurrency anarchists." He elaborated on the reasons for Bitcoin being a superior digital asset and store of value, arguing that it should be regarded as "a digital currency crucial to human progress." However, his views on regulated custody sparked strong reactions within the Bitcoin community, particularly from advocates of self-custody, some of whom questioned whether Saylor truly understands the essence of Bitcoin.In response to this controversy, Vitalik expressed his views on the X platform. He bluntly stated, "I’m happy to say that I think Michael Saylor’s comments are just ridiculous. He seems to explicitly support the idea of protecting cryptocurrency through regulatory capture, but there are plenty of precedents for that approach failing. I think this is completely against the core principles of cryptocurrency." Vitalik's remarks were a response to Casa co-founder and CTO Jameson Lopp, who had previously warned, "Self-custody of Bitcoin is not the exclusive choice of the paranoid. Convincing people to trust third-party custodians can actually lead to many long-term negative consequences." He emphasized that self-custody is not only crucial for individual Bitcoin holders but is also key to maintaining decentralization, enhancing network security, ensuring governance participation, and driving continuous innovation and expansion without relying on third parties.In contrast to Lopp's views, Saylor advocates for holding Bitcoin through regulated entities like BlackRock, Fidelity, JPMorgan, and State Street. He believes that this approach is not only safer but also reduces volatility and minimizes the risk of losses. Because the government and legislators have investments in these institutions, they are less likely to become targets of government crackdowns compared to unregulated private entities.

ChainCatcher news, MicroStrategy Executive Chairman Michael Saylor has faced criticism from the community for his recent comments, suggesting that Bitcoin holders transfer their Bitcoin to "too big to fail" financial institutions instead of using self-custody.It is reported that Saylor had previously been a proponent of Bitcoin self-custody, believing that self-custody could prevent custodial institutions from abusing their power.

ChainCatcher News, the Federal Reserve Bank of Minneapolis recently released a new research report expressing concerns about the impact of Bitcoin on government fiscal policy, suggesting that it may need to be taxed or legally prohibited to help the government manage deficits.The paper argues that Bitcoin complicates efforts to maintain a permanent government deficit, especially in an economy that relies on nominal debt. It points out that Bitcoin creates what is known as a "balanced budget trap," forcing the government to balance its budget.This paper has faced sharp criticism from Bitcoin supporters. Matthew Sigel, head of digital asset research at VanEck, stated that the Federal Reserve Bank of Minneapolis now aligns with the European Central Bank's (ECB) critical stance on Bitcoin.He noted that the document envisions implementing legal prohibitions and additional taxes on Bitcoin to ensure that government debt remains the only "risk-free" security.Dan McArdle, co-founder of Messari, specifically pointed out a paper published by the bank in 1996 titled "Money is Memory," which described money as a fixed supply object that does not enter production, a concept closely related to the design of Bitcoin.

ChainCatcher news, according to Decrypt, in a bid to gain the support of Black male voters, Democratic presidential candidate Harris's campaign team released an outreach agenda this week, which includes a commitment to develop cryptocurrency regulatory policies to protect Black men investing in digital assets.This is the most specific statement from the current Vice President so far, as her campaign has shortened since she took over from Biden in July, with far less focus on cryptocurrency compared to her Republican opponent, former President Trump.Harris's campaign team's actions this week have elicited mixed reactions. While some cryptocurrency investors and industry insiders appreciated Harris's tougher rhetoric on cryptocurrency regulation, others criticized the wording as specifically targeting Black men."Research shows that over a quarter of Black Americans own cryptocurrency, while only about 15% of whites do, so cryptocurrency is more readily accepted," said Dr. Emdad, director of the Blockchain and Fintech Research Center at Morgan State University. "People have been waiting, and I think it's a bit late—but nonetheless, this statement is necessary."

ChainCatcher news, Silicon Valley's renowned investor Tim Draper stated on X that he has donated to the campaigns of Harris and Trump, with amounts being roughly equal.He said, "This allows my wife and me to meet both candidates and make a more informed decision. My conclusion is that both candidates are in the right place; although they will set different paths for America, I optimistically believe that either path is positive, and I support both candidates."This action has faced significant public criticism, with Messari founder and former CEO Ryan Selkis stating, "If you are so vile that you cannot support a president (referring to Trump) who does not allow our country to be overrun by illegal immigrant criminals, then what is the point of being a billionaire? Silicon Valley people are truly pathetic."

ChainCatcher news, according to the Korea Economic Daily, South Korean lawmaker Min Byoung-dug plans to criticize the AVAIL token as a "hamburger coin" during a parliamentary audit. The term "hamburger coin" refers to foreign cryptocurrencies listed on South Korean exchanges. Min Byoung-dug has requested data on suspicious AVAIL transactions on the cryptocurrency exchange Bithumb and is investigating the surge in listings, potential price manipulation, and the effectiveness of customer protection measures at the exchange.AVAIL is also implicated in overseas money laundering allegations, including accusations involving a user representative named "yieldfarming" who was banned from trading with foreign investors on Bithumb. In last year's audit, Min Byoung-dug also pointed out similar issues with cryptocurrencies and criticized the exchange for failing to adequately protect investors.

ChainCatcher news, Ripple CEO Brad Garlinghouse continues to strongly oppose the U.S. SEC, particularly its ongoing legal actions against XRP and the appeals related to the Ripple case.The crypto derivatives platform Bitnomial recently filed a lawsuit against the SEC regarding the regulatory authority over XRP futures, to which Garlinghouse responded on X: "For a rebellious agency that many believe cannot further degrade, they have once again broken the bottom line. The SEC now believes it can place itself above the law, ignoring the court's ruling that XRP is not a security."

ChainCatcher news, U.S. Securities and Exchange Commission Commissioner Mark Uyeda stated that the commission's approach to regulating cryptocurrency is a "disaster," and that the agency has "not taken any steps" to clarify the rules.