ChainCatcher news, according to Jinshi reports, the Bank of Korea vowed to stabilize the financial market in its first statement after the impeachment of Yoon Suk-yeol, emphasizing the importance of "continuously implementing" key fiscal and economic measures.The Bank of Korea stated, "The Bank of Korea intends to work with the government to utilize all available policy tools to respond to and avoid escalation of volatility in the financial and foreign exchange markets." The Bank of Korea compared the current situation with the impeachment phases of previous presidents, believing that "external challenges such as increased uncertainty in the trade environment and intensified global competition are greater. If these external factors overlap with domestic factors, their impact may be amplified." The Bank of Korea called for intervention measures to improve the economy.

ChainCatcher news, citing sources from The Wall Street Journal, reports that the American hedge fund Starboard Value has acquired a stake in Riot Platforms, with specific shareholding details unclear, and is pushing the company to improve its business model.According to reports, Starboard has been urging Riot to convert some of its Bitcoin mining sites into data centers to host machines for large tech companies, providing high-performance computing (HPC).Riot is currently a "pure" Bitcoin miner, with its revenue solely coming from Bitcoin mining, while some of its peers, such as Core Scientific (CORZ), utilize a significant portion of their facilities for HPC and artificial intelligence computing.

ChainCatcher news, according to official information, the number of N3 Edge V1 miners online globally has surpassed 6,000, marking a further expansion of Network3 in the field of decentralized storage and computing. This milestone reflects the high recognition of N3 Edge V1 by users and its core position in distributed storage and the Web3 ecosystem.N3 Edge V1 not only has powerful distributed storage and cross-device file management capabilities but also enables edge computing on local devices through AI, providing users with mining rewards. As an important node in promoting the construction of decentralized networks, the widespread application of N3 Edge V1 further consolidates Network3's leading position in global decentralized infrastructure.Network3 has secured $5.5 million in investment, with investors including top institutions such as Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq. The team is actively expanding the influence of Network3, with plans to launch N3E point redemption and staking activities, and a TGE will be conducted soon.

ChainCatcher news, according to CryptoBriefing, a Russian lawmaker has proposed the establishment of a national Bitcoin reserve to hedge against geopolitical risks and sanctions. Anton Tkachev, a member of the "New People" party in the State Duma of Russia, submitted a formal appeal to Finance Minister Anton Siluanov, suggesting the creation of a Bitcoin reserve similar to traditional national currency reserves. Tkachev wrote in the appeal, "For countries under sanctions, cryptocurrencies have effectively become the only tool for international trade due to difficulties in accessing traditional international payment systems." This proposal comes at a time when Russia is facing restricted access to the global financial system due to sanctions.Tkachev emphasized that traditional foreign exchange reserves are vulnerable to sanctions, inflation, and volatility, which could threaten Russia's financial stability. He pointed out that modern challenges require the introduction of new payment processing systems and alternative reserve storage tools, mentioning cryptocurrencies like Bitcoin that are independent of any single country. The lawmaker specifically referred to the possibility of Bitcoin reaching $100,000 by December 2024, highlighting its potential as a store of value and investment asset.Tkachev added that this initiative aligns with the efforts of the Central Bank of Russia to incorporate digital assets into cross-border payments and emphasized the increasing importance of cryptocurrencies as viable tools for international trade. The implementation of this measure would require significant policy adjustments and coordination among government agencies, including the central bank and financial regulatory bodies.

ChainCatcher news, multi-strategy hedge fund Citadel founder and CEO Kenneth Griffin stated in an interview that he regrets not investing in Bitcoin early. He believes that cryptocurrencies like Bitcoin are "an intangible asset whose value comes from intangible factors." Part of it is a sense of community belonging, and part of it is a symbol of "anti-establishment." People derive a certain satisfaction from it.During this election cycle, the American people are saying, "I want to have control in my life," and cryptocurrency is part of that.Additionally, regarding Trump's economic policies, Griffin stated that tariff policies are not a major issue because "the BRICS countries will not detach from the dollar in the next four years." At the same time, Griffin believes that the independence of the Federal Reserve is very important for the dollar's status. "I have always publicly supported the opposition between Powell and Trump, not just in recent months, but for many years."

ChainCatcher news, according to Cointelegraph, the XRP Ledger has reduced the base reserve requirement from 10 XRP (approximately $25.60) to 1 XRP (approximately $2.56). At the same time, the owner reserve for each account object (including NFTs, trust lines, signature lists, etc.) has been lowered from 2 XRP to 0.2 XRP. This adjustment was first disclosed by XRP validator node operator Vet.The purpose of the base reserve is to prevent the size of the ledger from exceeding the storage capacity of the nodes. Developers aimed to prevent the creation of junk accounts with almost no XRP, which is why a reserve requirement of 10 XRP was proposed to avoid this situation. However, the high reserve requirement has faced criticism from some developers, who argue that it slows down the adoption of the XRP network by users.

ChainCatcher news, according to Bloomberg, the world's largest hedge funds have fully capitalized on the trading opportunities triggered by Trump's election last month, making the industry poised for its strongest returns in at least four years. Sources revealed that Balyasny Asset Management's hedge fund gained 3.9% for the month, helping to turn its lackluster performance for the year to October into a 11.6% gain.Sources also stated that Schonfeld Strategic Advisors' Fundamental Equity pool and Citadel's Tactical Trading fund also saw gains last month, raising their returns for 2024 to 18.6% and 20% respectively, making them the best-performing multi-strategy hedge funds so far this year.Additionally, a benchmark index tracking 70 multi-strategy hedge funds by PivotalPath is on track to achieve its best performance since 2020.

ChainCatcher News, Hong Kong plans to exempt private equity funds, hedge funds, and ultra-high-net-worth investment vehicles from taxes on cryptocurrency, private credit investments, and other asset returns.This week, the Hong Kong government stated in a 20-page proposal that taxation is "one of the main considerations" for asset management companies when deciding on the location of their business, and the Hong Kong government aims to create a "favorable environment" for them.According to the proposal, the Hong Kong government hopes to expand the scope of tax-exempt investments to include private credit, overseas real estate, and carbon emission allowances. The government is conducting a six-week consultation on the plan.

ChainCatcher news, in response to the accusations from Movement co-founder Rushi Manche, Scroll co-founder Sandy made several statements today, with key information including:Acknowledgment that the airdrop design was poor and harmed some users in the community, and they will make amends through Session 2;The team wallet did not claim the airdrop, and in the future, to avoid confusion, points from the related wallet will be removed;They have never pressured team members to purchase tokens at the valuation of the last round;The team is restructuring to adapt to the next stage of development, and some team members will be leaving, believing they will shine in their new positions.Previous news, Movement Labs co-founder Rushi Manche accused the Scroll team of numerous issues, which have damaged the reputation of the EVM L2 ecosystem.

ChainCatcher news, the UK crypto trading platform Archax has provided access to a money market fund of the UK asset management company abrdn in a tokenized form on the decentralized blockchain XRP Ledger (XRPL). This fund is part of abrdn's £3.8 billion liquidity fund and is the first tokenized money market fund on the XRPL.

ChainCatcher news, according to official sources, "the father of the iPod" Tony Fadell has officially joined the Ledger board of directors. Tony Fadell has been an advisor to Ledger since 2022 and is the designer of Ledger Stax.Tony Fadell was born in Detroit, Michigan, USA, and is a designer, inventor, entrepreneur, and venture capitalist. From 2006 to 2008, he served as the senior vice president of Apple's iPod division, leading the research and design of the iPod, which is why he is referred to as "the father of the iPod."

ChainCatcher news, according to Forbes, hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages about 20% of the world's crypto assets, valued at approximately $400 billion.Ledger CEO Pascal Gauthier stated that the company is expanding from cryptocurrency security to a broader cybersecurity field. The Security Key application launched in September this year has entered the authentication market, which is expected to reach a market size of $40 billion by 2030.It is worth noting that Ledger has completed a total of $600 million in financing, including $380 million in Series C funding in 2021 at a valuation of $1.5 billion, and an additional $108 million in financing at the same valuation in early 2023.

ChainCatcher news, according to Sifted, based on documents submitted to the UK Companies House this month, the crypto wallet Deblock, created by former executives from Revolut and Ledger, has completed an additional £13.3 million (approximately $16.8 million) in seed funding. Another document from October shows that Headline, Hoxton, 20VC, and Chalfen are the main investors in this round of financing. Sifted previously reported that this startup quietly raised €12 million last year.It is reported that in August 2022, former Revolut cryptocurrency head Jean Meyer, payment head Aaron Beck, and former Ledger engineering head Mario Eguiliuz co-founded Deblock. Later that year, the startup poached Revolut's Chief Operating Officer for European Banking, Adriana Restrepo, to serve as its fourth founder.Deblock CEO Jean Meyer declined to comment on this round of funding. According to its website, the Deblock application is currently only available in France, where it is regulated as an electronic money institution and a digital asset service provider.According to RootData, Deblock is an integrated current account with a non-custodial wallet, allowing users to deposit, withdraw, spend, and exchange euros or cryptocurrencies.

ChainCatcher news, according to official sources, the software development company Alluvial, which supports Liquid Collective, has completed a new round of strategic financing totaling $4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (the venture capital arm of Fidelity Investments' parent company FMR, LLC), Nascent, among others, bringing the total funding amount to $22.5 million.The funds are intended to drive the development of specialized, open, and configurable solutions to accelerate adoption in the institutional staking market.According to reports, Alluvial is a software development company that offers a suite of enterprise-grade staking products and services, focusing on facilitating mainstream adoption and participation in proof-of-stake blockchains. Liquid Collective is a staking standard designed to meet the needs of enterprises.

ChainCatcher news, according to Forbes, securities filing documents show that hedge funds Millennium Management, Capula Management, and Tudor Investment increased their investments in U.S. spot Bitcoin ETFs in the third quarter.Millennium's holdings in iShares Bitcoin Trust more than doubled from the previous quarter to 23.5 million shares, valued at $849 million. It also increased its positions in ARK 21Shares and Bitwise Bitcoin ETFs; London-based macro hedge fund Capula added to its positions in iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, totaling approximately $600 million; Paul Tudor Jones's hedge fund Tudor significantly increased its investment in iShares Bitcoin Trust, raising its share count fivefold to 4.4 million shares.

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, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.