ChainCatcher news, closed-end investment company C1 Fund Inc. submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) on November 12, planning to raise $100 million through an initial public offering (IPO). The fund will invest at least 80% of its total assets in equity and equity-related securities of companies in the digital asset services and technology sectors, focusing on the top 30 leading companies in this field.C1 Fund is headquartered in Palo Alto, California, co-founded by Dr. Najamul Kidwai, who serves as President and CEO. The fund plans to list on the New York Stock Exchange and will be advised by C1 Advisors LLC, also based in Palo Alto.Dr. Kidwai stated that the fund aims to provide institutional and retail investors with the opportunity to invest in globally leading digital asset services and technology companies, achieving investment objectives by maximizing total returns. The registration statement is not yet effective, and the related stock issuance is subject to SEC review.

ChainCatcher news, according to Decrypt, Australian crypto fund management company DigitalX plans to position itself as a "flag bearer" for digital assets, preparing for a "mainstream moment" for the crypto industry after significant breakthroughs and global political shifts (especially in the U.S.). DigitalX announced on Thursday that the company is significantly cutting operational costs, with a restructuring of the fund management team, resulting in an annual cost reduction of $950,000 (614,000 AUD).Meanwhile, its Bitcoin fund boasts an annual return of up to 99%, outperforming its competitors over multiple time frames, with a 12% return over six months and a 30% return over three years. According to the company's latest shareholder update, its digital asset fund, despite a slight decline of 2.1% last quarter, has still achieved a return of over 526% over the past five years.The company acknowledges that, despite solid performance, it still faces several challenges in raising management funds and points out that the potential investor market is relatively small compared to traditional investment products.

ChainCatcher news, according to Coindesk, the UK Treasury stated in a statement on Thursday that the UK government will launch a pilot program to issue digital government bond instruments similar to bonds using distributed ledger technology.The Treasury stated: "The government will launch a pilot program to provide digital government bond instruments using distributed ledger technology (DLT) to demonstrate the government's commitment to innovation in the financial services sector." DLT is the underlying technology for crypto assets, where each node can store and update data. UK Treasury Economic Secretary Tulip Siddiq stated that the Labour Party will soon announce its plans in the cryptocurrency sector.Bloomberg cited unnamed sources as saying that the Labour Party is likely to continue following in the footsteps of the previous ruling Conservative Party by developing legislation for stablecoins and staking.

ChainCatcher news, according to Jinshi reports, the "Yongxing-Guofu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and Innovative)" managed by Yongzheng Asset Management and sold by Yongxing Securities held its listing ceremony on the Shanghai Stock Exchange, with an initial issuance scale of 138 million yuan, a term of 1 year, and a coupon rate of 2.2%. The product's senior debt rating is AAA, making it the first intellectual property securitization product issued in the form of digital renminbi nationwide, and it marks a breakthrough for Ningbo's intellectual property securitization project.

ChainCatcher news, according to PR Newswire, Nasdaq-listed company BTC Digital Ltd. announced that it has signed an agreement with Asian digital asset management consulting firm Recte Technologies Company Limited and Asian cryptocurrency mining fund ASIA INVESTMENT FUND SP2 to provide a total of 1,100 Bitcoin mining machines for hosting services, including ANTMINER T21 and ANTMINER L7 models. BTC Digital will be responsible for the deployment of these devices in the United States, providing hosting, management, and other services.

ChainCatcher news, according to the South China Morning Post, HashKey Group Chairman and CEO Xiao Feng stated in an interview: "If the U.S. Congress and the incoming President Trump clarify cryptocurrency policies, continuously legislate, and promote the development of the industry, this will definitely become a driving force for China to accept (cryptocurrency)."Xiao Feng believes that Washington and its Western allies excluding Russia from the Swift financial information system in 2022 may also prompt Beijing to support the cryptocurrency industry. He said: "If these events had not occurred, China might have needed five to six years from now to accept cryptocurrency business. But now, due to these influencing factors, this timeframe may be shortened to two years." The Chinese government has not yet shown signs of possibly relaxing its ban on digital assets. However, Beijing has allowed Hong Kong to develop its digital asset industry. Xiao Feng stated that if China wants to restore the development of its digital asset market, it can start with a payment and clearing system based on regulated stablecoins.He said: "Stablecoins are currently the best solution for cross-border business-to-consumer trade," citing reasons such as fast transaction speeds and low fees. Xiao Feng mentioned that his HashKey team recently conducted a survey in Yiwu, which found that almost all merchants received inquiries from buyers about whether they could use popular dollar stablecoins (such as USDT and USDC) for payments.

ChainCatcher news, digital asset trading platform Wyden announced the completion of $16.4 million (14.5 million Swiss francs) in Series B financing, led by French fintech investment firm Truffle Capital, with new investors such as Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and Fivet Fintech also participating. Existing investor C3 Venture Capital also took part in this financing.According to Web3 asset data platform RootData, Wyden ensures optimal execution through market-wide connections and end-to-end digital asset orchestration. Seamless integration with major custodians, core banking, and portfolio management system providers makes Wyden a leading institutional trading platform, covering the entire trading lifecycle of cryptocurrencies and digital assets.

ChainCatcher message, according to data from the Korea Exchange (KRX) and Coinmarketcap, Upbit's trading volume yesterday surpassed the total of Korea's two major stock markets. The specific data is as follows:Upbit's trading volume was $1.56 billionKOSPI's trading volume was $909 millionKOSDAQ's trading volume was $526 million

ChainCatcher message, according to the official announcement, Upbit has added PePe (PEPE) to the Korean won market digital assets.

ChainCatcher news, according to The Block, digital asset financial institution Arca and crypto investment firm BlockTower Capital intend to merge. The two companies have signed a letter of intent for an all-stock transaction. While their respective business units will transition to a unified brand, BlockTower Venture Capital will remain independent.Data shows that BlockTower Capital has invested in well-known projects such as Aptos Labs, Dapper Labs, and Solana, while Arca's portfolio includes Mintify and Bitwave.

ChainCatcher news, Galaxy Digital founder Mike Novogratz, in an interview with Bloomberg TV, dressed as "Steve Jobs" and stated that if the speculation of Bitcoin being viewed as a strategic reserve asset comes true, the price could reach $500,000.However, the likelihood of "becoming a strategic asset" is very low; if Bitcoin becomes a reserve asset, other countries will need to buy Bitcoin.

ChainCatcher news, according to the "Maoming City" WeChat public account, Maoming City (a prefecture-level city in Guangdong Province) is continuously promoting the pilot work of digital RMB. Recently, I learned from the Maoming branch of the People's Bank of China that the party and government agencies and public institutions in Maoming City have fully implemented the distribution of subsidies in digital RMB.In July this year, the Maoming Municipal Finance Bureau and the Maoming branch of the People's Bank of China jointly issued the "Notice on the Pilot Work of Distributing Subsidies in Digital RMB." According to the requirements of the "Notice," the party and government agencies and public institutions in Maoming City began to fully implement the distribution of subsidies in digital RMB starting in September. By the end of October, a total of 359 budget units in the city had implemented the distribution of subsidies in digital RMB, with a cumulative total of 75,883 instances of subsidies distributed to administrative agencies and public institutions, amounting to 81.738 million yuan.At the same time, Maoming is also promoting the quality, expansion, and efficiency of the digital RMB pilot work, expanding multi-channel payment methods. In the next step, Maoming City will continue to promote the distribution of salaries in digital RMB for all budget units in the city. Additionally, it will actively promote the construction of a digital RMB application demonstration area in the eastern section of the Maonan River in Maoming City.

ChainCatcher news, Chris Weston, head of research at Pepperstone Group, wrote in a report that Bitcoin is in "beast mode." "For traders who are still uncertain, the question is whether there is still room to chase this hot trend or to wait for a slight pullback, allowing some of the impulse trend's heat to dissipate."In the options market, according to data from the derivatives exchange Deribit, investors are betting that Bitcoin will break $100,000 as early as the end of this year. Fairlead Strategies LLC technical analyst Katie Stockton stated in her latest research report, "After such a rapid rise, a digestion period is naturally expected, and a short-term neutral bias is recommended."

ChainCatcher news, Bitget announces its return to the UK market, launching compliant crypto services in accordance with the Financial Promotions Regulation. By partnering with the UK-regulated institution Archax, Bitget has restarted its new user registration service in the UK, allowing users to access and trade over 150 tokens, making it one of the exchanges with the richest asset selection among compliant crypto platforms in the UK.Bitget CEO Gracy Chen stated, "Compliance is a core pillar of our global expansion strategy. Re-entering the UK market and adhering to the regulatory framework enables us to provide users with a rich and trustworthy digital asset service in the rapidly changing crypto industry."

ChainCatcher news, according to iChainfo monitoring, Galaxy Digital deposited 1,100 bitcoins, worth $97.95 million, into Coinbase Prime 25 minutes ago.

ChainCatcher message, payment protocol AEON partners with FDUSD issuer First Digital Labs and Terminus to launch Web3 QR code payments, promoted during Devcon in Thailand. Users can scan the AEON QR code to use FDUSD for purchases at offline merchants, who can receive cryptocurrency without new devices, automatically converting it to local fiat currency.

ChainCatcher news, according to iChainfo monitoring, Galaxy Digital (1Byo...RAWF) withdrew 250 BTC ($21.92 million) from Binance (bc1q...7s3h).

ChainCatcher news, according to Bloomberg, informed sources revealed that the UK plans to start issuing digital government bonds within the next two years. Chancellor of the Exchequer Rachel Reeves is expected to announce a trial issuance of digital bonds during her speech at Mansion House in the City of London on Thursday. Traditionally, the Chancellor uses this forum to announce policies that support the financial sector.The new Labour government is working to modernize the financial markets and is currently utilizing blockchain technology to "tokenize" government debt, hoping that this move will make government bond trading faster and cheaper.Amid the digital transformation, the UK government is undertaking a £297 billion ($382 billion) borrowing plan, the second-largest borrowing plan in history, with sales expected to remain high in the coming years. Informed sources indicated that legislation may need to be submitted to Parliament to proceed with blockchain-based sales. The UK Treasury declined to comment.

ChainCatcher news, according to Cryptoslate, Russian President Putin proposed the establishment of a digital asset platform for BRICS countries during a speech at the Valdai Discussion Club, aiming to promote electronic payments and attract investment from developing markets through a unified digital asset system. This initiative is intended to facilitate investment flowing into emerging economies in South Asia, Africa, and Latin America, and could provide new channels for capital in high-growth regions.Putin emphasized the platform's potential to drive economic development in rapidly urbanizing areas. He highlighted the growth opportunities in these regions and pointed out that factors such as population growth, capital accumulation, and rising urbanization rates support the platform's focus.Putin discussed Russia's restrictions on dollar transactions due to sanctions and noted that Russia does not intend to completely abandon the dollar. Instead, he criticized the U.S. policies that limit the use of the dollar in international markets and stated that alternatives like the proposed BRICS digital asset platform could reduce dependence on the traditional Western financial system.