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.

ChainCatcher news, the next-generation decentralized edge artificial intelligence infrastructure Network3 announced on November 11 that its global node count has surpassed 400,000, marking the platform's ongoing growth in technological expansion and influence worldwide.As a leading Decentralized Edge AI-Infrastructure, Network3 aims to break the monopoly of large tech companies on the development and narrative of artificial intelligence, achieving the democratization of the AI industry globally. By building a decentralized federated learning framework, Network3 enables users to perform collaborative training without sharing raw data.Network3 has secured $5.5 million in funding from top-tier institutions such as Borderless, EV3, IoTeX, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq. Currently, Network3 is gradually improving its network construction and business cooperation layout.

ChainCatcher news, hedge fund manager Nelson Peltz, who supports Trump in this U.S. election, said that the stock market rally driven by the election cannot continue uninterrupted, and he revealed that he was the matchmaker between Trump and Musk. "I'm a matchmaker," Peltz recalled paving the way for Musk. One weekend in 2023, when Musk visited Peltz's home, Peltz also invited Trump to have breakfast together. Peltz said, "Without Musk's help, I don't know if Trump would have achieved such a comprehensive victory." Musk's political action committee spent about $200 million to support Trump.

ChainCatcher news, according to Bloomberg, Brazil's well-known hedge fund Verde Asset Management stated in a report to clients on Monday that the company established a small Bitcoin position before the U.S. presidential election voting on November 5, although the specific size of the position has not been disclosed.The fund is managed by industry veteran Luis Stuhlberger. Data shows that the company's main fund fell by 0.18% in October after fees. In contrast, the CDI interbank benchmark rate rose by 0.93% during the same period, and a basket of local hedge funds increased by 0.29%. So far this year, its performance has outperformed the Anbima hedge fund index by more than two percentage points.Verde currently manages assets of approximately 19 billion reais (3.3 billion USD), down from 20 billion reais a month ago.

ChainCatcher news, Brazilian blockchain startup Multiledgers announced the completion of a new funding round of $1 million, led by Oxygea Ventures and Indicator Capital (investing $475,000 each), with Koyamaki Ventures participating (investing about $50,000). The company plans to use the new funds to help businesses create, manage, and integrate networks to manage and certify information and assets, with the primary use case being on-chain management of environmental certificates to ensure compliance.

ChainCatcher news, according to Jinshi reports, since Trump won the U.S. election, hedge funds that have insisted on shorting Tesla have lost billions of dollars, and Musk's special relationship with Trump has impacted them.Calculations based on data compiled by S3 Partners show that from election day to last Friday's close, hedge funds holding short positions in Tesla have incurred paper losses of at least $5.2 billion.

ChainCatcher news, according to the Financial Times citing informed sources, BlackRock is in preliminary discussions with Millennium Management about a strategic partnership that could allow the world's largest asset management company to acquire a stake in this highly profitable hedge fund management firm.Although any stake may be small, this potential collaboration reflects BlackRock's pursuit of expanding into the alternative investment space, while also showing that Millennium's 76-year-old founder, Izzy Englander, is continuing to grow and diversify his business.Informed sources indicate that negotiations are still in the early stages and may not result in an agreement. If BlackRock does indeed acquire a stake in Millennium, it would mark the first time in 35 years that Englander has accepted external investment into Millennium's management company.

ChainCatcher news, gold futures rose 0.2% to above $2750 per ounce. JPMorgan analysts stated in a report that gold is the preferred commodity to hedge against the upcoming U.S. elections. JPMorgan indicated that a victory for Harris would signify continuity in policies and a trend of growth, while a victory for Trump could lead to significant policy changes.Therefore, if Republicans sweep the elections under Trump's leadership, gold and silver may rise further under the influence of market uncertainty. JPMorgan stated that, in any case, gold should continue to be supported by structural bullish factors, including growing concerns over the increase in U.S. fiscal debt and support from the Federal Reserve's interest rate cycle.

ChainCatcher news, hedge fund Coatue Management plans to raise $1 billion to increase investments in artificial intelligence and technological innovation. It is reported that this is the first time in several years that the company is seeking to raise funds for its flagship fund.Coatue Management is a New York-based hedge fund focused on technology companies. It led the $300 million Series C funding round for OpenSea, and its portfolio in the crypto space includes: blockchain security company CertiK, Bitcoin mining company Hut 8, crypto payment platform MoonPay, and crypto analytics platform Dune Analytics, among others.

ChainCatcher news, according to Onchain Lens monitoring, after staking for eight months, a certain whale unstaked 143,730 SOL two days ago, then sold 82,930 SOL on Jupiter for 13.72 million USDC, and sold 30,000 SOL through Wintermute OTC at an average price of $165, obtaining $4.9 million.Currently, the whale still holds 30,801 SOL, worth $5.03 million.

ChainCatcher message, hedge fund manager Anthony Scaramucci stated that by 2026, the price of Bitcoin will triple, reaching $176,000.

ChainCatcher news, the Monad ecological liquid staking protocol Magma has announced the completion of a $3.9 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, and Relayer Capital.It is reported that Magma is building MEV-based liquid staking on Monad. Magma will collaborate with Ether.fi to establish the first restaking integration on Monad.According to RootData, Magma is a liquid staking protocol based on Monad, developed by Hydrogen Labs. It achieves fair token distribution through ecological competitive airdrops, emphasizes community participation and decision-making, and is capable of self-funding protocol development and managing various activities.

ChainCatcher news, SwapKit.dev announced that Ledger has integrated the first decentralized cross-chain exchange protocol THORChain into the Ledger Live app. Ledger Live users can now seamlessly swap native assets like Bitcoin and Ethereum with complete security on their Ledger devices, with their private keys protected by top-notch encryption technology.This integration is made possible by SwapKit's innovative cross-chain software development kit and infrastructure solutions. With the THORChain integration, Ledger users can perform cross-chain swaps for BTC, ETH, USDT, USDC, DAI, and WBTC, with support for more ERC-20 tokens coming soon. All assets are handled directly within the Ledger Live desktop application, without the need to leave the app, undergo KYC, or create new accounts.Keaton Freeman, Business Development Director at SwapKit, stated: "By combining THORChain with Ledger's robust security through SwapKit's powerful cross-chain toolkit, we are simplifying the user experience and embracing a truly decentralized multi-chain future."

ChainCatcher News, U.S. SEC Chairman Gary Gensler recently spoke at a fintech conference in Las Vegas, reiterating his commitment to continue working at the SEC during his tenure and defending its enforcement measures. With the November 5 elections approaching, he acknowledged the political pressure, particularly from the cryptocurrency industry, stating, "Democracy has consequences, but we will continue to do what we do best at the SEC until the referee blows the whistle."As the elections draw near, both the Republican and Democratic parties have expressed dissatisfaction with Gensler. Trump vowed to fire him on his first day in office, and some cryptocurrency industry figures supporting Vice President Harris have also indicated their support for his removal under a potential new administration.

ChainCatcher news, according to Bloomberg, two cryptocurrency hedge fund management companies, JellyC and Trovio Asset Management, announced a merger aimed at attracting institutional investor funds, including pension funds. Australia-based JellyC will become the main shareholder of the merged entity.