ChainCatcher news, Securitize CEO stated in an interview with CNBC that Trump's victory in the U.S. election would help establish a regulatory framework for cryptocurrencies, and RWA needs a clear regulatory framework to unleash innovation.

ChainCatcher news, according to The Block, Coinbase's policy executive Tom Duff Gordan stated that Trump may prompt other international jurisdictions to reassess their cryptocurrency regulatory frameworks or strengthen existing systems to attract investment and promote industry growth.

ChainCatcher news, Trump announced the appointment of Silicon Valley investor David O. Sacks as the White House Director of Artificial Intelligence and Cryptocurrency. He posted on the social media platform Truth Social, "I am pleased to announce that David O. Sacks will serve as the 'White House Director of AI and Cryptocurrency.' In this important position, David will guide the government's policies in the two areas that are crucial to America's future competitiveness: artificial intelligence and cryptocurrency.David will work to make the United States a clear global leader in both fields. He will protect online free speech and keep us away from the biases and censorship of big tech companies. He will be dedicated to establishing a legal framework that provides the clarity the cryptocurrency industry has long sought, allowing it to thrive in the United States. David will also lead the President's Council of Advisors on Science and Technology. With his knowledge, business experience, wisdom, and pragmatism, David will make America great again in these two critical technologies. Congratulations, David!"

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, early investment firm Framework Ventures has deposited 6.5 million SNX, worth 19.5 million USD, to Coinbase 3 hours ago.Framework is the largest institutional holder of SNX and an important shareholder of Synthetic; before the deposit, it held 7.1% of the total tokens, and currently still has SNX worth 51.19 million USD remaining.

ChainCatcher news, according to monitoring by Spot On Chain, investment firm Framework Ventures (the largest holder and investor of SNX) deposited 6.5 million SNX into Coinbase Prime two hours ago, valued at approximately 19.6 million dollars.Four months ago, the firm withdrew 6 million tokens from Coinbase Prime at a low price of SNX, which was valued at around 7.2 million dollars at that time. If Framework Ventures indeed bought at the low and sold at the current price, the theoretical profit would reach 10.9 million dollars, with a return rate of up to 152%. Currently, the firm still holds 17.9 million SNX, valued at 54 million dollars, all of which are vested assets.

ChainCatcher news, according to GlobeNewswire, digital asset management company 21.co announced a restructuring of its operational framework, splitting its original business into two independent entities: 21Shares and 21.co Technologies. 21.co will continue to serve as the holding company for both entities. The new structure will take effect on January 6, 2025.After the restructuring, co-founders Hany Rashwan and Ophelia Snyder will serve as co-chairs of 21Shares and will focus their efforts on 21.co Technologies, serving as CEO and President, respectively. Former abrdn Global Head of Alternatives and Multi-Asset Investing Russell Barlow will take on the role of CEO of 21Shares, managing over $20 billion in assets.21Shares will focus on asset management and ETP business, while 21.co Technologies will be dedicated to developing next-generation products such as tokenized assets, smart contracts, and risk management. This business restructuring aims to respond to a new wave of growth in the digital asset industry, allowing both entities to better achieve their respective business objectives.

ChainCatcher news, according to Bloomberg, Donald R. Wilson, the founder of one of the world's largest trading firms, DRW Holdings LLC, stated in an interview that the regulatory framework of the U.S. securities industry needs to be rethought.He pointed out, "The friction between the SEC and CFTC has always been a counterproductive force, suggesting starting from scratch, abolishing the existing SEC and CFTC, and creating a brand new regulatory agency."

ChainCatcher news, Farcaster co-founder Dan Romero announced on X that the developer preview of Frames v2 is now live. The new version improves the reliability and speed of transactions and signing messages on mobile devices using the mobile wallet protocol and Rainbow.

ChainCatcher news, according to CoinDesk, the UK's Financial Conduct Authority (FCA) has released a cryptocurrency regulatory roadmap, planning to officially implement a comprehensive regulatory framework by 2026.The roadmap indicates that the FCA will publish discussion papers related to market abuse and disclosure by the end of this year, and plans to release policy documents on stablecoins, trading platforms, staking, exposure to crypto assets, and lending in early 2024.Data shows that the number of cryptocurrency holders in the UK has grown by 4% over the past two years, with approximately 7 million adults currently holding crypto assets. Previously, UK Economic Secretary Tulip Siddiq stated that regulatory drafts related to cryptocurrencies, stablecoins, and staking would be introduced early next year.

ChainCatcher news, according to CoinDesk, UK Economic Secretary Tulip Siddiq announced at the City & Financial Global Tokenization Summit in London on November 22, 2024, that the UK plans to launch a regulatory framework for the cryptocurrency industry in early 2025. The new framework will separate stablecoins from the existing payment system and establish specific regulations for staking services to prevent them from being classified as collective investment schemes.This move ends the uncertainty in the market regarding the direction of cryptocurrency regulation since the Labour government took office in July 2024. The previous Conservative government had already included cryptocurrencies in the scope of regulated activities under the Financial Services and Markets Bill.

ChainCatcher news, according to Forbes, the Legislative Activity Committee of the Russian government is advancing a cryptocurrency tax bill on November 11, 2024. The bill defines cryptocurrency as property and establishes different tax requirements for individual and corporate miners. Under the new regulations, businesses must register with the Federal Tax Service to legally conduct mining operations, while individuals with monthly electricity consumption below 6000 kilowatt-hours are exempt from registration.The new framework adopts a two-stage taxation model: the first stage taxes when cryptocurrency is received, with the tax base calculated based on the closing price of major exchanges; the second stage taxes upon sale, with additional taxes applied if the sale price exceeds the initial taxable value. Starting in 2024, individual traders and miners with annual income exceeding 2.4 million rubles will be taxed at a progressive rate of 13% to 22%, while the corporate tax rate will increase to 25% in 2025.According to the Industrial Mining Association, these tax measures could bring in 50 billion rubles (approximately 521 million USD) in annual revenue for the budget.

ChainCatcher news, Web3 AI company Eidon has completed a $3.5 million seed round financing, led by Framework Ventures, with participation from the Cayman Islands venture capital firm cyber.Fund. The company plans to use the seed funding to develop its team.Eidon encourages users to provide data for training AI models. Users can submit new data, such as fine hand movements or object interactions, while others can verify the authenticity of the data through an upcoming blockchain audit. Eidon’s first network version will go live on November 12. This network includes a platform application for data evaluation and collection, as well as an open sequencer for record preservation.

ChainCatcher news, Trump's granddaughter Kai Trump posted a "victory family photo" taken last night at the Palm Beach Conference Center on her social platform. The family photo features the entire Trump family, with Musk also included.

ChainCatcher news, blockchain solar company Glow has completed a $30 million financing round, led by Framework and Union Square Ventures. This round includes $6.5 million in funding for the company and $23.5 million in solar investments.Glow's CEO and co-founder Vorick stated that he plans to use this funding to expand the company from 5 megawatts of power to 600 megawatts over the next 18 months and to expand into new countries.Glow operates a DePIN network composed of solar power plants in the United States and India. To encourage its farms to move beyond the "dirty" energy grid, the founders designed a holistic economy based on subsidies and token incentive models.

ChainCatcher news, the latest research report from blockchain infrastructure company Blockdaemon points out that as the 2024 U.S. presidential election approaches, the regulatory landscape for digital assets is expected to make significant progress in 2025. The report indicates that two key regulatory policies are currently in the legislative process: the proposal to repeal SAB 121 and the landmark "21st Century Financial Innovation and Technology Act" (FIT21).Among them, the FIT21 bill was passed in the House of Representatives in May 2024 with bipartisan support. The core content of the bill includes clearly defining the regulatory boundaries between the SEC and CFTC, establishing standards for identifying the commodity and security attributes of digital assets, and creating a legal framework for financial institutions to conduct digital asset custody services.Blockdaemon predicts that with strong bipartisan support, the FIT21 bill is expected to pass the Senate in 2025 and ultimately be signed into law, which will enable the U.S. to play a leading role in balancing innovation and consumer risk.

ChainCatcher news, according to CoinDesk, the Ras Al Khaimah (RAK) in the UAE announced on Tuesday the launch of a regulatory framework for decentralized autonomous organizations (DAOs) in its digital asset free trade zone.The framework, named "DAO Association System" (DARe), is designed to provide a structured legal framework specifically for DAOs. Dr. Sameer Al Ansari, CEO of RAK DAO, stated that the system will offer tax optimization and legal clarity for DAOs.Luc Froehlich, Chief Business Officer of RAK DAO, mentioned that the launch of DARe is an important step in establishing the region as a global hub for blockchain and digital asset ecosystems. The framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning on-chain and off-chain assets.It is noteworthy that the framework offers two models: one for emerging projects with fewer than 100 members, and another for mature DAOs with funding exceeding $1 million. The system will be implemented within the RAK Digital Assets Oasis free trade zone.

ChainCatcher news, according to Cointelegraph, the UAE free trade zone RAK Digital Assets Oasis (RAK DAO) plans to introduce a legal framework for decentralized autonomous organizations (DAOs).Law firm NeosLegal and RAK DAO stated that the new system will be introduced and discussed on October 25. NeosLegal partner Irina Heaver mentioned that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the broader Web3 ecosystem.

ChainCatcher news, according to The Block, the modular project Avail has reached a strategic partnership with the re-staking protocol Symbiotic, making Avail DA the data availability solution for the Symbiotic ecosystem, allowing a new generation of innovative applications to utilize various verified services (such as intent networks, insurance networks, strategy engines, computation engines, validation and ordering services, co-processors, etc.).In addition, Avail Fusion combines Symbiotic's re-staking model, allowing re-staking of ETH and other ERC20 tokens, which will directly enhance the cryptoeconomic security of the Avail network.