ChainCatcher news, according to Cointelegraph, Ripple Labs CEO Brad Garlinghouse stated, "The crypto industry has embraced Trump; Trump has also embraced the crypto industry. I think this is very sincere, and I believe he sees the opportunity, sees the innovation, sees the entrepreneurial spirit------I am very excited about the future."

ChainCatcher news, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, Alliance Director Will Robinson delivered a keynote speech on "Speculation as Entertainment in Web3."Will shared that speculation as entertainment in Web3, using the development journey of the full-chain game Primodium as an example, aims for healthy game design but fails to attract the most important users; spending more time on design at the beginning makes major iterations impossible.Will Robinson stated: Cryptocurrency speculation is like horse racing, with different statuses at each stage.From the original Ethereum protocol in 2015 to the mindset of Coinbase in 2016, the ICO boom in 2017, the industry downturn from 2018-2019, the DeFi development surge in 2020, the rise of NFTs in 2021, the collapse of Terra in 2022, the rise of friend.tech as the main social network in 2023, to the popularity of meme coins in 2024.Will Robinson concluded that in 2025, the cryptocurrency industry will see better user interfaces, more fun, and external attributes or trends becoming part of cryptocurrency speculation.Live video link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html

ChainCatcher news, Paradigm co-founder Matt Huang stated on social media, "Stablecoins are the next killer app for the Crypto industry—it's obvious to everyone in the cryptocurrency space, but not so clear to the outside world. Congratulations to Stripe and Bridge."Earlier, ChainCatcher reported that payment company Stripe has acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency sector.

ChainCatcher news, Crypto.com has recently filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), attempting to prevent the agency from bringing cryptocurrency secondary market trading under its jurisdiction. The company has hired former U.S. Attorney General Noel Francisco, indicating that this case is crucial for them.Crypto.com is seeking a declaratory judgment through a Texas court, which, if successful, could significantly weaken the SEC's regulatory power over the crypto industry. This case is expected to become a pivotal point in changing the regulatory rules of the industry.

ChainCatcher news, according to CoinDesk, Galaxy Digital's latest report shows that global cryptocurrency startup investments in the third quarter of 2024 amounted to $2.4 billion, a 20% decrease from the previous quarter, with the number of investment deals down by 17%. Alex Thorn, head of research at Galaxy Digital, stated that the high interest rate environment, the launch of spot crypto ETFs, and the shadow of the industry's collapse in 2022 are still affecting institutional investors' decisions.In the first three quarters of this year, the crypto industry has accumulated $8 billion in investments, and the total financing for the year is expected to be roughly on par with 2023, far below the levels of over $30 billion per year in 2021 and 2022. Nevertheless, Thorn pointed out that the ETF-driven market rally is intensifying competition among venture capital firms, benefiting entrepreneurs in obtaining better valuation conditions.The report indicates that 85% of the funds are directed towards early-stage projects, with the exchange, lending, and trading platform sectors attracting the most investment, approximately $460 million. The United States remains the primary source of investment, accounting for 56% of the total investment amount. Projects that combine crypto and artificial intelligence received about $270 million in investments, a fivefold increase from the previous quarter.

ChainCatcher news, Ripple Labs Chief Legal Officer Stuart Alderoty stated that as the U.S. SEC prepares to appeal the federal judge's decision regarding XRP, the agency is set to face another defeat.In an interview, he said, "This will backfire on the SEC. I feel good about our case in the Southern District of New York, and even better about the case in the Second Circuit."Alderoty mentioned that when the U.S. SEC first sued Ripple and its two executives in 2020, the company publicly announced that its legal battle was "on behalf of the entire industry." He added that this move indicated the SEC "would take action against the entire industry."In August of this year, Judge Torres ordered Ripple to pay a $125 million fine for XRP transactions that violated securities laws. The SEC had previously claimed that Ripple raised $1.3 billion through unregistered securities offerings since 2013 and later sought a $2 billion fine against it. While Ripple appreciated Judge Torres's ruling, which stated that XRP "is not necessarily a security on its face," there were also judges who disagreed.The SEC has not indicated which parts of the Torres ruling it plans to appeal, while Ripple has also taken its own legal actions.

ChainCatcher news, the Chief Legal Officer of Variant Fund posted on X yesterday, stating that as U.S. regulators continue to crack down on the cryptocurrency space, many cryptocurrency founders are considering geofencing as a compliance strategy.In short, geofencing means blocking access to a product for people in specific "geographical locations" by creating a virtual "fence" around the product. If a company cannot comply with regulations, such as providing disclosures and KYC, it can serve as a backup compliance strategy.However, Chervinsky added, "Regarding the issue of regulatory uncertainty, this is a rather extreme solution—completely abandoning the U.S. market—but sometimes there is no choice." He noted that geofencing "is an extreme and costly measure to ensure compliance with U.S. laws."

ChainCatcher news, according to CNBC, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed his views on the current state of cryptocurrency regulation, stating: "This sector cannot exist long-term without investor protection."

ChainCatcher news, according to The Block, based on data from the Web3 bug bounty platform Immunefi, the crypto industry lost $413 million in the third quarter due to hacks and fraud, with the largest losses being from cryptocurrency exchanges WazirX and BingX, which were stolen $235 million and $52 million, respectively.

ChainCatcher news, Coinbase's U.S. policy director Kara Calvert stated in an interview: "Both Republicans and Democrats believe that we need cryptocurrency policy to remain competitive in the global economy, and perhaps the worst current initiative is to push cryptocurrency offshore without regulation."She added that it is important to involve everyone in the crypto industry. (Bloomberg)

ChainCatcher news, according to Decrypt, former U.S. President Trump stated during a live broadcast on World Liberty Financial that if he is not elected in November this year, he believes that cryptocurrency builders who are under investigation by the U.S. SEC "will be in hell."Trump said, "If we do not win the election, those who are under investigation, those who are free right now, and those who are not being watched in the crypto world, they will feel like they are living in hell."Trump discussed what he described as the "incredibly hostile" regulatory approach towards the crypto industry under the current SEC Chairman Gary Gensler.There had been speculation that Trump's public endorsement of cryptocurrency and his promise to bring friendlier regulations to the industry might persuade the Biden administration to cool down on crypto enforcement. Trump himself believes this makes sense, stating, "Frankly, since they heard I was getting involved, their attitude towards industry participants has improved a lot, maybe they think this is a way to get votes."

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on the X platform that the crypto industry is in crisis. In the past, the crypto industry itself was like a game. The game abstracts the happy path of humanity, providing a pleasure experience similar to real life by triggering dopamine release. The performance of altcoins in 2024 is bleak. Funds are not flowing into this industry. If we do not create a new game to stimulate traders' dopamine, the crypto industry will face long-term stagnation.Ki Young Ju said, "Some people are even building completely different ecosystems, to the extent that they are classified as belonging to industries outside of crypto. Where have those builders gone who inspire us and explore new technologies? Why did they leave? I don't know. I want to ask Vitalik Buterin."Ki Young Ju added, "It is important to clarify that I am referring to Web3/Crypto, not Bitcoin."

ChainCatcher news, according to DL News, Coinbase Chief Legal Officer Paul Grewal stated in an interview with Bloomberg on Tuesday that regardless of individual campaign results, and certainly the presidential campaign results, we will see a Congress that supports cryptocurrency. Currently, bipartisan support for cryptocurrency-friendly legislation on Capitol Hill is increasing.

ChainCatcher news, Jason Kam, founder of Folius Ventures, stated during the "Navigating Bull and Bear Markets ------ Insights Behind Primary VC Investments" Space hosted by RootData that primary market investments have undergone significant changes in the past few years. Compared to before, current primary investments are more complex and have a higher speculative component. The number of projects that need to be listed or have already been listed but require selling has increased tenfold, hundredfold, or even thousandfold compared to previous cycles.The industry is facing challenges of insufficient liquidity and an increase in projects. Jason Kam believes that the industry will experience a reshuffle within the next 18 months, and after 24 months, a wave of promising secondary projects may emerge.

ChainCatcher news, Folius Ventures founder Jason Kam, while participating in the "Navigating Bull and Bear Markets------The Wisdom Behind Investment Revealed by First-Level VCs" Space hosted by RootData, stated that capitalization is the best way to monetize years of hard work by the team. Especially for leading companies in the crypto industry, they can achieve high valuations through capitalization.Jason Kam also mentioned: "Companies need to consider whether the capitalization process will affect their long-term business development. For example, some companies may face a sudden drop in valuation or regulatory risks after issuing tokens, so some enterprises prefer to handle it discreetly to avoid the negative impacts of excessive exposure."