ChainCatcher news, Kraken announces zero-fee cryptocurrency trading for FTX creditors with a $50,000 offer.Kraken stated that new customers who choose to receive funds from FTX will receive a fee waiver, allowing them to purchase $50,000 worth of cryptocurrency on Kraken Pro without paying any trading fees. Depending on the amount of funds received, they will receive a $105 Kraken trading fee credit (KFEE). These will be credited to the customers' accounts after the FTX allocation is received. The fee credit can only be used on Kraken Pro.

ChainCatcher news, Cointelegraph posted on the X platform that spot cryptocurrency trading volume on DEXs accounts for over 20%, marking a historical first.

ChainCatcher news, 10x Research stated in its latest report that the cryptocurrency trading environment remains complex and volatile during the U.S. Federal Open Market Committee (FOMC) meeting in December 2024 and the subsequent holiday season. However, there are still profit opportunities in specific areas. Bitcoin is in a consolidation phase during this period, showing no signs of a sustained upward trend, but fluctuating within a tactical trading range, which provides opportunities for strategic positioning rather than a simple bullish trend. While some initial enthusiasm is expected at the beginning of the new year, it is not the time to recreate the bullish sentiment seen from late January to March or from late September to mid-December 2024. A positive performance is anticipated at the start of the year, followed by a slight pullback before the release of the Consumer Price Index (CPI) data on January 15. If the inflation data is favorable, it may reignite optimism and drive the market up before Trump's inauguration on January 20. However, this momentum may weaken, and the market could slightly retreat before the FOMC meeting on January 29.From January to mid-November 2024, Bitcoin's dominance surged from 50% to 60%, creating significant resistance for altcoin performance. Although the dominance metric briefly plummeted to 53% within three weeks, igniting hopes for an altcoin season, it quickly rebounded to nearly 58% and then consolidated around 55%. This consolidation highlights Bitcoin's enduring dominance as the main driving force in the cryptocurrency market while also indicating that altcoins may face potential challenges—unless Bitcoin's dominance metric declines again.

ChainCatcher news, Thailand's Prime Minister Petongtan Shinawatra recently disclosed her personal assets valued at $400 million, which include two properties in London, investments in several companies, and a collection of luxury watches and bags. The 38-year-old member of the Shinawatra family also listed 1.09 billion baht (approximately $31.6 million) in cash and deposits across more than 26 bank accounts. When she disclosed this information to the National Anti-Corruption Commission (NACC) of Thailand, her total assets reached 13.85 billion baht (approximately $400 million).According to documents revealed by local media, Petongtan also declared nearly 5 billion baht in debts, bringing her net worth to 8.9 billion baht ($258 million). Petongtan is the youngest daughter of Thaksin and became the third member of the Shinawatra family to lead Thailand in August 2024, following the ousting of former Prime Minister Srettha Thavisin by the Constitutional Court for ethical violations. Petongtan's spouse, Pidok, disclosed assets of 147 million baht and an income of 5.13 million baht from the previous year, which includes earnings from cryptocurrency trading. (Jinshi)

ChainCatcher message, Musk posted a controversy regarding crypto trading taxes on his social platform, the original text reads: "A customer bought $7,000 worth of cumrocket and staked it for 3 months to earn a 6900% return. Then they sold and withdrew the profits to invest in NFTitties, but the developers rug pulled the project, and they only managed to liquidate 10% of the funds. Can the customer deduct the gas fees for minting to offset short-term capital gains tax?"As a result of this news, the token CumRocket (CUMMIES) surged 124% in a short time.

ChainCatcher news, according to market news, Morgan Stanley's trading service E-Trade is exploring the provision of cryptocurrency trading.

ChainCatcher news, the cryptocurrency custody platform under the Spanish bank BBVA will launch cryptocurrency trading services.Garanti BBVA Kripto is a cryptocurrency custody platform operated by Garanti BBVA, which holds 86% of its shares as of December 2023. The platform will soon provide cryptocurrency trading services to the public, with Bit2Me, a cryptocurrency exchange founded in 2014 and headquartered in Spain, being used as the bank's trading execution center.Abel Peña, Chief Sales Officer of Bit2Me, stated that the current cryptocurrency asset market (MiCA) regulations have come into full effect across the EU, and the collaboration between BBVA and the cryptocurrency exchange strongly indicates that more developments will occur in the future.

ChainCatcher news, according to Cryptonews, reports that Venezuelans are "turning to cryptocurrency" to cope with inflation instead of relying on the dollar, according to the latest report. Experts say that stablecoin trading currently accounts for nearly half of the total cryptocurrency trading volume in Venezuela.Venezuelans are increasingly using Bitcoin (BTC) and other cryptocurrencies for convenient transactions, receiving remittances, and "avoiding the impact of the devaluation of the Bolívar currency." Although cryptocurrency exchanges are unregulated, the government "tolerates" their existence as they help to introduce foreign exchange.

ChainCatcher message, the cryptocurrency market research agency Santiment posted on the X platform that in the last few days of 2024, trading volume in the cryptocurrency sector has significantly decreased. Overall, compared to the previous week (which included Bitcoin's all-time high), trading volume has dropped by 64% in the past week.The decline in trading, especially in speculative altcoins, is not surprising. With the holidays approaching and traders organizing their year-end finances, the last week of December is typically one of the least active periods of the year.In summary, if whales continue to show a strong accumulation trend, the lack of retail participation may actually lead to at least one unexpected surge in 2024, while retail investors remain largely unaware.

ChainCatcher news, according to The Block, multiple cryptocurrency trading institutions have reported significant growth in over-the-counter (OTC) business. Kraken's head of institutional business, Tim Ogilvie, revealed that its OTC trading volume has increased by 220% year-on-year. Market maker Wintermute's OTC trader, Jake Ostrovskis, stated that market activity has significantly increased since the election, and some institutional clients that have been brewing for years have begun to officially enter the trading arena.GSR trader Embert Lin pointed out that as the prices of Bitcoin, Ethereum, and other cryptocurrencies rise, project teams and investors are becoming more proactive in managing funds and risks. In addition to mainstream coins, clients are also starting to pay attention to tokens with ample liquidity, such as Solana, BNB, Tron, and Aave. An OTC trader revealed that recent trading volumes have reached levels seen during the 2021 bull market.

ChainCatcher news, according to Naver, data from the Bank of Korea shows that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This figure accounts for more than 30% of the country's total population, reflecting an increase in market activity following U.S. President-elect Trump's commitment to support the cryptocurrency industry. The rise in Bitcoin prices has also fueled this trend.As of the end of November, the total cryptocurrency holdings of South Korean investors amounted to 102.6 trillion won (approximately 7.08 billion USD), compared to 58 trillion won (approximately 4 billion USD) in October. The average daily trading volume in November reached 14.9 trillion won (approximately 10.288 billion USD), equivalent to the total daily trading volume of the KOSPI market and the KOSDAQ market in South Korea for the same month.

ChainCatcher news, according to the disclosure from lawyer Wu Enxiang's public account, in August this year, a public security agency in a certain area of the country determined that the behavior of using VPNs to trade cryptocurrencies was illegal, and the involved individuals were administratively punished, with their profits from trading cryptocurrencies confiscated.A public security agency in a certain area discovered that a man was using a VPN to illegally connect to the internet through non-statutory channels. He contacted overseas clients who needed to purchase a certain virtual currency through a foreign website, then bought the virtual currency at a low price using a certain currency on an overseas trading app, and finally sold it at a high price, engaging in the sale of the virtual currency. After being summoned by the public security agency, the man came to accept the investigation. During the operation of the studio, he illegally profited 90,000 yuan.The administrative penalty decision stated that the man's actions constituted unauthorized use of non-statutory channels for international internet access. According to Article 6 and Article 14 of the "Interim Regulations on the Administration of International Networking of Computer Information Networks of the People's Republic of China" and Article 11, Paragraph 1 of the "Public Security Administration Punishment Law of the People's Republic of China," it has been decided to order the violator Zhang San to cease networking, issue a warning, impose a fine of 15,000 yuan, confiscate the illegal gains of 90,000 yuan, and seize eight mobile phones and eight computers used in the crime.

ChainCatcher news, according to Globenewswire, Robinhood Markets released its operational data for November 2024.As of the end of November, the total number of funded customers on the trading platform was 24.8 million (an increase of approximately 420,000 from October 2024, and an increase of about 1.5 million compared to the same period last year); assets under management were $195 billion (a month-over-month increase of 22%, and a year-over-year increase of 106%). The nominal trading volume for stocks reached $147.1 billion (a month-over-month increase of 16%, and a year-over-year increase of 178%). The trading volume for options contracts reached 155.5 million (a month-over-month decrease of 2%, and a year-over-year increase of 63%). The nominal trading volume for cryptocurrencies reached $35.2 billion (a month-over-month increase of over 500%, and a year-over-year increase of over 700%). As of the end of November, the company's financing balance was $6.8 billion, the total cash collection balance was $26.5 billion, and total securities lending revenue was $23 million.

ChainCatcher news, according to The Block, Hong Kong has committed to accelerating the licensing process for cryptocurrency trading platforms. Joseph Chan, Deputy Secretary for Financial Services and the Treasury, stated in the Legislative Council that the Securities and Futures Commission will promote a "fast-track licensing process" and establish a "consultative group," which is expected to start working with licensed trading platforms early next year.Joseph Chan indicated that the Financial Stability Committee plans to submit the relevant legislative bill to the Legislative Council "within this month." According to the consultation document, the proposal will require all FRS issuers to obtain a license from the Hong Kong Monetary Authority. The regulatory agency will propose a plan next year to issue licenses to cryptocurrency custodians.

ChainCatcher news, the CEO of the online brokerage eToro for cryptocurrency and stock trading, Yoni Assia, stated on Tuesday that the cryptocurrency trading volume on the eToro platform surged over 500% in November compared to the same period in 2023, reflecting the bullish sentiment among retail investors. Assia mentioned in an interview during Abu Dhabi Finance Week: "Whenever we see historical highs, we notice a significant increase in customer engagement."In September of this year, the company reached a settlement with the U.S. Securities and Exchange Commission (SEC) for $1.5 million. Assia stated that this settlement does not hinder the company from relisting assets in the U.S. again—especially if the incoming Trump administration relaxes cryptocurrency enforcement, which is widely anticipated.