ChainCatcher news, previously, cryptocurrency supporter and U.S. Representative from Arkansas, French Hill, defeated three other competitors to win the position of Chairman of the Financial Services Committee.Hill currently serves as the Vice Chairman of the committee and heads the subcommittee on Digital Assets, Financial Technology, and Inclusion. He emphasized that he is very grateful for the opportunity to serve as the chairman of the committee.Outgoing Chairman Patrick McHenry praised Hill's leadership skills, particularly his expertise in financial technology and innovation. McHenry stated, "French's experience in the private sector, the Treasury Department, and as Vice Chairman has prepared him well for this role." He emphasized, "Under French Hill's leadership, the Republicans will ultimately establish a clear regulatory framework and strong consumer protections for the digital asset ecosystem based on this Congress." McHenry also highlighted Hill's contributions to advancing key legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21). Hill's appointment has garnered support from leaders in the cryptocurrency industry and lawmakers. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intellect, growth mindset, and innovative outlook."

ChainCatcher news, according to Protos, the X account of the crypto podcast UpOnly was hacked on December 10, with the hackers attempting to promote a fake token.UpOnly host Brian Krogsgard (Ledger) stated that he was not in control when the hackers took over the account, and this security breach was not a SIM swap incident. The hackers deleted the posts about the fake token, leaving only content bragging about earning a six-figure income through host Cobie's image.

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media, "The recent development of artificial intelligence has made data one of the most valuable commodities in the world.Grass has created a data pipeline through a crypto incentive mechanism that most AI companies cannot access. At the current growth rate, they seem poised to achieve nine-figure high-level revenue next year, potentially even surpassing a billion dollars.We have researched many projects that combine crypto and AI, but unfortunately, most of them lack investment value. Grass is one of the top legitimate projects that has emerged in this cycle, with strong fundamental support."

ChainCatcher news, according to Cryptonews, the investigation into the murder of cryptocurrency industry figure Kevin Mirshahi has made progress. Canadian law enforcement officials announced new developments on Tuesday, November 19, 2024, after discovering his body in a natural park in Montreal in October 2024.Quebec provincial police have arrested 27-year-old Darius Perry and 25-year-old Nackael Hickey, who are suspected of murdering Kevin Mirshahi. Both face charges of kidnapping and being an accomplice.Previous news reported that Canadian police confirmed the death of 25-year-old cryptocurrency industry figure Kevin Mirshahi, who had been missing after being kidnapped.

ChainCatcher message, the U.S. October ADP employment figure is 233,000, expected 114,000, previous value 143,000.

ChainCatcher message, on-chain detective ZachXBT disclosed on platform X that the decentralized AI data network Masa suffered a hack on September 20, resulting in losses exceeding six figures in USD, but Masa did not disclose this hack to the community.

ChainCatcher news, the early sales of World Liberty Financial tokens were less than $13 million, far below its target of $300 million. Crypto industry insiders condemned World Liberty Financial's poor sales performance, calling it a "meme disguised as a utility project."Two Prime CEO Alexander Blume stated, "Aside from its Trump branding, I don't see anything interesting or unique. I think it's not enough for most people, and I believe the crypto community was already skeptical about this project before its launch. It seems to be just a speculative play, especially since it hasn't done anything new."

ChainCatcher news, according to Jinshi reports, the U.S. September ADP employment figure is 143,000, expected to be 120,000, and the previous value has been revised from 99,000 to 103,000.

ChainCatcher news, according to Jinshi reports, the U.S. August ADP employment number is 99,000, expected to be 145,000, and the previous value has been revised from 122,000 to 111,000. The U.S. August ADP employment number recorded an increase of 99,000, the smallest increase since January 2021.

ChainCatcher news, Greeks.live macro researcher Adam posted on social media that Powell's speech at the Jackson Hole global central bank conference clarified the Fed's interest rate cut in September. There is currently a consensus on a 25 basis point cut, but if economic data pressures are significant this month, a 50 basis point cut is also possible. The clear commitment to rate cuts has given the market great confidence, leading to a rebound in major cryptocurrencies, although the subsequent trend still carries a lot of uncertainty.This week, there are several important economic data releases, as well as speeches from several key figures, primarily focused on the Fed's rate cut in September. Additionally, Russia's cryptocurrency legislation is also worth paying attention to, as crypto begins to take center stage.ETH has remained sluggish since the Cancun upgrade, with Gas now below 0.8 Gwei. The significant reduction in ETH consumption has caused the deflationary flywheel to fail, and currently, there seems to be no opportunity for an ETH exchange rate rebound, making the bearish ratio a good value for money.Key Events This Week:8/27 Tuesday2024 FOMC voting member and San Francisco Fed President Daly speaks8/28 WednesdayFederal Reserve Governor Waller speaks8/29 ThursdayInitial jobless claims in the U.S. for the week2024 FOMC voting member and Atlanta Fed President Bostic speaks on economic outlook8/30 FridayU.S. July Core PCE Price Index Year-on-YearU.S. August University of Michigan Consumer Sentiment Index Final2024 FOMC voting member and Atlanta Fed President Bostic speaks on monetary policy and economic outlookRussia will begin implementing the digital currency cross-border payment law and the legalization of cryptocurrency mining legislation

ChainCatcher news, the digital asset division of the crypto startup Figure, has launched the decentralized crypto asset custody marketplace Figure Markets Exchange. This platform utilizes decentralized multi-party computation (MPC) wallet custody and offers remote custody solutions for bankruptcy, with domestic users' dollar deposits held in FDIC-insured banks.Figure Markets currently offers decentralized custody powered by multi-party computation technology, high leverage, FDIC insurance, and flexible deposit and withdrawal options.

ChainCatcher news, according to Jinshi reports, the U.S. July ADP employment increased by 122,000, expected 150,000, and the previous value was revised from 150,000 to 155,000.The U.S. July ADP employment increased by 122,000, the smallest increase since January 2024.

ChainCatcher news, the account of the famous actress Fan Bingbing (@realBingbingFan) has announced on the X platform that her personal comic IP project officially launches today. The project will be co-created with Japanese manga artists, Gloox officials, and several cryptocurrency figures on Twitter (@hellosuoha, @hebi555, @lijiuer1, and @Unipioneer).

ChainCatcher news, according to a video disclosed by unusual_whales, shows that Gary Gensler, the chairman of the U.S. SEC, stated that some leading figures in the cryptocurrency space are either already in prison, about to go to prison, or awaiting extradition.

ChainCatcher news, according to The Block, informed sources revealed that U.S. President Joe Biden's re-election campaign has begun reaching out to key figures in the cryptocurrency industry, seeking guidance on "moving forward with the crypto community and crypto policy." Sources say this marks a significant "shift" in the government's previously lukewarm attitude toward the industry.Sources indicated that the outreach, which started about two weeks ago, signifies a dramatic change in Biden's campaign team's attitude toward digital asset leaders. Due to the sensitivity of the discussions, these sources requested anonymity.According to one source, as part of this new initiative, Biden's re-election team has reached out to cryptocurrency industry leaders who were previously rejected by Democratic candidates. The Biden campaign did not immediately respond to requests for comment.

ChainCatcher news, according to Bloomberg, the bankrupt cryptocurrency exchange FTX has sold $2.6 billion worth of discounted Solana tokens after weeks of auction, with Figure Markets and Pantera Capital being among the latest buyers.According to insiders, Figure purchased 800,000 tokens for about $80 million, at approximately $102 per token, significantly discounted compared to Friday's market price of $166.