ChainCatcher news, according to data from Data.ai, the Bitget app reached 1.92 million downloads in October, ranking third globally among centralized exchange app downloads, only behind Binance and OKX. Currently, the Bitget app is available on Google Play and the Apple App Store, with the number of users continuously rising, surpassing 45 million globally.Previously, Bitget CEO Gracy Chen posted on X revealing that several core metrics of the Bitget platform have reached all-time highs, including daily trading volume, open contract volume, and daily active users. Data shows that Bitget's 24-hour contract trading volume reached $77 billion, ranking second only to Binance.

ChainCatcher news, according to market news: French regulators are reviewing the prediction market platform Polymarket following the crypto bets related to Trump.

ChainCatcher news, Bank of America’s renowned strategist Hartnett pointed out that the current market reaction to a 50 basis point rate cut by the Federal Reserve seems to be following the script of "soft landing" or "panic rate cuts." The U.S. stock and credit markets are digesting expectations of a 250 basis point rate cut by the Federal Reserve by the end of 2025, along with an 18% growth in earnings for S&P 500 constituents. "The risks haven't improved much, so investors are forced to chase the 'uptrend,' and the 'bubble risk' is making a comeback."Regarding the reasons for this euphoric rise, Hartnett explained in his latest report that when there is no panic (at least not yet), Wall Street's favorite is "panic rate cuts." At the same time, the Federal Reserve hopes to cut rates by 50 basis points so that real interest rates can decline from their highest levels this century, preventing layoffs in the small business sector that is already in recession.

ChainCatcher news, the U.S. August unadjusted core CPI year-on-year is 3.2%, unchanged from last month's data, in line with market expectations, after declining for four consecutive months. (Jin Ten)

ChainCatcher news, according to CoinDesk, a research report from Canaccord indicates that the crypto asset industry has recovered from the consolidation phase following the collapse of the FTX exchange over the past year and has returned to a growth mode.The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the U.S. this year has been a positive driving force for the crypto market, promoting broader institutional adoption of digital assets.Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue to increase. Additionally, MicroStrategy's stock price has risen by approximately 325% over the past year, outperforming most asset classes.

ChainCatcher news, CryptoQuant analyst Joao Wedson posted on social media that currently there is a positive correlation between altcoins and Bitcoin. This behavior indicates consistency in the crypto market, with altcoins moving in sync with Bitcoin, reflecting investors' confidence in the overall market.One noteworthy historical fact is that when the Average Altcoin Correlation trends towards negative values, it has historically served as a warning signal for Bitcoin and the entire market. This negative correlation typically occurs when altcoins significantly outperform Bitcoin, often before a decline in Bitcoin's price, prompting investors to remain cautious.Overall, altcoins still exhibit a positive correlation, indicating that despite individual differences, they all follow Bitcoin's trend. This behavior reinforces the view that the current market is stable in the short term, but continuous vigilance is needed to identify potential deviations that may indicate higher risks.

ChainCatcher news, according to Jinshi reports, traders have increased their bets on the Federal Reserve cutting interest rates following Chairman Powell's speech.

ChainCatcher news, according to MSNBC, U.S. Secret Service Director Kimberly Cheatle has resigned following the attack on Trump.

ChainCatcher message, Ethereum co-founder Vitalik Buterin expressed gratitude on social media for Bitwise donating 10% of the spot Ethereum ETF profits to Ethereum open-source developers. He is pleased to see Protocol Guild and the PBS Foundation being supported and looks forward to more projects and organizations contributing to the public welfare programs of this important ecosystem.

ChainCatcher news, Bernstein analysts indicated that the market has not yet reacted to the potential positive impact on crypto regulation following Republican candidate Donald Trump's victory in the U.S. presidential election. The price of Bitcoin has responded positively to the increased likelihood of a Republican win, suggesting confidence in Trump's supportive stance on cryptocurrencies.Bernstein analysts Gautam Chhugani and Mahika Sapra stated in a report: "We see a significant allocation space for institutional investors in cryptocurrencies and crypto stocks."

ChainCatcher news, according to The Block, the Solana-based meme coin WATER seems to be actively seeking endorsements from football celebrities. The Instagram account of famous Brazilian footballer Ronaldinho Gaucho posted a promotional article for the meme coin on Tuesday.It is reported that Argentine footballer Lionel Messi also previously posted a similar promotional article on his Instagram account. Considering the large number of followers these two football stars have online, these posts should help raise awareness of the meme coin. Messi has over 500 million followers on Instagram, while Ronaldinho has nearly 77 million followers.It is important to note that there are currently very few details about this meme coin. According to the relevant page on the meme coin WATER website, the token is "created in collaboration with the planners behind the BEER meme coin." According to the legal disclosure documents for the token, "WATER is a meme coin with no intrinsic value or expectation of financial return," and according to the meme coin's website, the token can be purchased and traded on Bitget, BitMart, and MEXC.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on the X platform: "According to our plan, we will invest more funds into Meme coin projects:#1 LADYS: Investment completed;#2 FLOKI: Investment completed;#3: In progress;#4, 5: Under negotiation."

ChainCatcher news, according to Bloomberg, after committing to become the title sponsor of the F1 Formula Racing Florida event------Crypto.com Miami Grand Prix, Crypto.com aims to sponsor more sports events.The digital asset trading platform sees sports as a catalyst to reach non-crypto enthusiasts. "We will double down on executing our strategy," Crypto.com Chief Marketing Officer Steven Kalifowitz told Bloomberg.Kalifowitz stated that since focusing marketing efforts on sports, Crypto.com's visibility has significantly increased, adding that Crypto.com now has over 100 million users.It is reported that the company recently postponed its planned retail expansion in South Korea and is undergoing a hiring campaign, expecting its total workforce to increase by 1,400, after cutting one-fifth of its staff earlier in 2023 to control costs following a market crash.

ChainCatcher news, according to the Seoul Economic Daily, the Democratic Party of Korea is pushing to allow investment in Bitcoin spot exchange-traded funds (ETFs) as part of its election promise for the April 10 election. Last month, the country's financial regulators reiterated the ban on financial institutions launching any type of cryptocurrency ETF.According to the Democratic Party's Policy Coordination Committee on the 20th, the party will announce its plan for "institutionalizing virtual assets and revitalizing investment" on the 21st. To this end, the Democratic Party plans to allow domestic financial investment companies to trade overseas Bitcoin spot ETFs by amending the Capital Markets Act after consultations with the Financial Services Commission.In addition, the Democratic Party plans to allow investment in Bitcoin spot ETFs through Individual Savings Accounts (ISAs). It explained, "Investment profits obtained through ISAs can be tax-free up to 2 million won, allowing people to reduce their tax burden while investing."

ChainCatcher news, according to Justice Network reports, criminals are using virtual currency investment as a guise to form WeChat groups under the pretext of fruit and vegetable group buying. They attract ordinary people into the groups through short video software, presenting themselves as novice investors buying and selling coins for profit, while in reality, they are using investors to launder money and cash out. On December 18, 2023, the Shaoxing City Shangyu District Prosecutor's Office in Zhejiang Province filed a public prosecution, and the court sentenced Xiao Zhang to one year and six months in prison, with a two-year and six-month probation for concealing and disguising criminal proceeds.In early May 2023, Xiao Zhang received a call from a former colleague, Xiao He, who claimed he had recently been making good money trading virtual currency online and asked if Xiao Zhang was interested in joining. Xiao Zhang had no prior experience with virtual currency investment and was hesitant to try. The next day, Xiao He approached Xiao Zhang again, saying he had joined a WeChat group for virtual currency investment through short videos. Some groups were called "Community Fruit and Vegetable Group Buying Society," while others were named "Supermarket Grain and Vegetable Wholesale Group," where everyone was buying and selling coins. Seeing Xiao Zhang still hesitating, Xiao He offered to handle the buying and selling of coins, splitting the profits between them, while Xiao Zhang only needed to provide his bank card to receive and cash out the money. "At that time, I felt that this money was definitely not legitimate; otherwise, he wouldn't let me earn it and offer me such a high reward. But thinking that he would handle it and I would just provide the account, there shouldn't be any issues." Thus, Xiao Zhang, with a sense of luck and a willingness to give it a try, provided his bank card number to Xiao He.Soon, Xiao Zhang received a text message indicating money had arrived. Following Xiao He's instructions, he went to the bank counter to withdraw cash. After sharing the profits from that day's earnings, he handed the remaining cash to Xiao He for handling. Having tasted the sweetness of profit, Xiao Zhang successively provided five of his bank cards for Xiao He to use and withdrew over 400,000 yuan from the bank counter seven times, earning a total profit of 1,800 yuan. However, it wasn't long before Xiao Zhang received a call from the police. On August 18, 2023, the case was transferred to the Shangyu District Prosecutor's Office for review and prosecution. Xiao He was handed over to judicial authorities in another location for legal processing.