ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's crypto sector is experiencing a widespread decline before the market opens today:MICROSTRATEGY: -4.4%ISHARES BITCOIN TRUST: -1.9%COINBASE GLOBAL: -4.7%RIOT PLATFORMS: -3.3%CLEANSPARK: -3.1%MARA HOLDINGS: -4.4%

ChainCatcher News: At 3 AM Beijing time on Thursday, the Federal Reserve will announce its last interest rate decision of the year. According to futures contracts, the market widely expects the Federal Reserve to cut the benchmark interest rate by another 25 basis points this week. This move will bring the federal funds rate to a target range of 4.25% to 4.5%, a full percentage point lower than when rate cuts began in September.Vincent Reinhart, chief economist at BNY Mellon and former director of the Federal Reserve's Monetary Affairs Division, believes, "Clearly, the Federal Reserve is in a bind. For officials, unless they are very certain about what changes in the political economy will occur, they cannot really change their forecasts to respond to those changes. At the press conference, the most concerning idea is the thought of skipping a rate cut. So I think, in this regard, it will be a hawkish cut. (Only) as (Trump's) policies actually take effect, the Federal Reserve may further update its forecasts." (Jin Ten)

ChainCatcher news, the Russian Investigative Committee stated that in Moscow, a bomb hidden on an electric scooter killed a senior Russian general responsible for nuclear protection forces.General Igor Kirillov is the commander of Russia's nuclear, biological, and chemical protection forces, and he was killed outside an apartment building on Ryazan Street, about 7 kilometers southeast of the Kremlin. The Investigative Committee stated, "Kirillov and his assistant were murdered." This incident has been registered as a criminal case.

ChainCatcher news, Coinstash co-founder Mena Theodorou stated in a report this week that Bitcoin's record "has sparked traders' hopes for the continuation of altcoin season and a potential Christmas rally." According to data from CoinGecko, in the past 10 years, cryptocurrencies have risen around Christmas in 8 of those years.In addition, Nexo analyst liya Kalchev expects that the price of Ethereum should reach $5000 by early 2025.

ChainCatcher message, according to SoSoValue data, the encrypted market sector has risen broadly, with the AI concept leading the way. The AI sector and its sub-sector AI Agent have increased by 15.43% and 19.34%, respectively. Notably, within the AI Agents sector, Numogram (GNON) has risen by 51.73%, Fartcoin (FARTCOIN) by 46.49%, ai16z (AI16Z) by 39.38%, zerebro (ZEREBRO) by 37.04%, and Eliza (ELIZA) by 32.59%.Within the AI sector, Worldcoin (WLD) has risen by 24.78%, Render (RNDR) by 23.77%, and Virtuals Protocol (VIRTUAL) by 23.75%.Other sectors with significant increases include: the DePIN sector, which rose by 7.74%, with Livepeer (LPT) increasing by 26.8%, Ankr Network (ANKR) by 16.42%, and Grass (GRASS) by 13%. The Layer 2 sector rose by 4.72%, the DeFi sector by 4.33%, the Meme sector by 4.28%, the GameFi sector by 4.20%, and the Layer 1 sector by 3.43%.

ChainCatcher message, Federal Reserve Chairman Powell stated on Wednesday that the U.S. economy is performing stronger than it did when the Fed began cutting rates last September, which may lead policymakers to be more cautious about further rate cuts. Powell said, "We can be a bit more cautious as we try to find a neutral stance."Powell's remarks on Wednesday seem to align with the more cautious policymakers and largely echo the earlier view that the Fed can "carefully" consider rate cuts without rushing into action. Powell's comments did not significantly change the current expectation of a 25 basis point rate cut again in December.

ChainCatcher message, according to SoSoValue data, the crypto market sector has generally risen, with the PayFi sector leading the way, showing a 24h increase of 22.26%. Notably, within the sector, Dash (DASH) increased by 37.94%, XRP (XRP) by 26.64%, and Litecoin (LTC) by 22.74%.Additionally, other standout sectors include: the Meme sector, which rose by 6.56%, with the top 3 tokens by market cap within the sector, Dogecoin (DOGE), Shiba Inu (SHIBA), and Pepe (PEPE), increasing by 7.02%, 9.09%, and 7.4% respectively; the NFT sector, which rose by 5.87%, with Blur (BLUR) increasing by 12.85%. The DePIN sector rose by 5.42%, with IOTA (IOTA) up by 35%, Helium (HNT) up by 12%, and Filecoin (FIL) up by 8.22%.At the same time, the AI sector, which had a strong increase last week, has seen a pullback, with a 24h decrease of -1.82%, and within the sector, Virtuals Protocol (VIRTUAL) fell by 18.11%.

ChainCatcher news, according to Xinhua News Agency, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council pointed out in their opinions on the reform and innovative development of digital trade that it is necessary to vigorously develop digital technology trade, strengthen innovation in key core technologies, and accelerate the development of foreign trade in fields such as communication, the Internet of Things, cloud computing, artificial intelligence, blockchain, and satellite navigation.

ChainCatcher news, according to The Information, Sriram Krishnan, a general partner at the venture capital firm Andreessen Horowitz, will be leaving. It is reported that he has discussed joining the government efficiency department led by Elon Musk.

According to ChainCatcher news, the China Securities Regulatory Commission (CSRC) has released 8 financial industry standards, including the "Communication Guidelines for General Blockchain Infrastructure in Regional Equity Markets." The financial industry standard "Communication Guidelines for General Blockchain Infrastructure in Regional Equity Markets" specifies the communication guidelines between the general financial infrastructure based on the "Regulatory Chain - Local Business Chain" dual-layer architecture and the existing systems of regional equity markets. It clarifies the systems, main data objects, business scenarios, and operational instructions involved in 6 types of communication agreements: user registration agreement, asset registration agreement, fund mapping agreement, asset mapping agreement, transfer management agreement, and settlement management agreement. The implementation of these standards is beneficial for fully leveraging the supporting role of the "Regulatory Chain - Local Business Chain" dual-layer blockchain architecture for existing business systems and promoting the transformation and integration of these systems.

ChainCatcher news, according to BusinessInsider, Galaxy Digital CEO Michael Novogratz recently stated that the Trump administration has brought a "paradigm shift" in cryptocurrency regulation.He pointed out that almost all members of the Trump cabinet hold Bitcoin and are supporters of digital assets, and they generally support innovation, digital assets, and the development of Bitcoin.

ChainCatcher news, according to SoSoValue data, the encrypted market sector continues to show a general upward trend, with the PayFi sector leading the way, achieving a 24H increase of 21%; notable performers include Ripple (XRP) with an increase of 25.75% and Stellar (XLM) with an increase of 19.59%. Additionally, the ssiPayFi index, which represents the historical performance of the PayFi sector, currently has a price of $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, ranking first among the increase lists of other sector indices.SoSoValue analysts indicate that, influenced by the news that SEC Chairman Gary Gensler is expected to resign on January 20, 2025, PayFi is anticipated to strengthen and maintain an upward trend in the long term.Moreover, it is worth noting that the Layer 2 sector has increased by 11.68%, the Defi sector by 7.29%, and the Layer 1 sector by 7.2%.

ChainCatcher news, according to Jinshi reports, Trump has nominated Pam Bondi for the position of U.S. Attorney General, after the previously nominated Matt Gaetz has withdrawn from the position.

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

ChainCatcher news, according to official sources, MicroStrategy plans to privately place $1.75 billion in 0% convertible senior notes, maturing in 2029. These notes are unsecured and interest-free, convertible into cash or stock. The proceeds will be used to purchase Bitcoin and for general corporate purposes.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

ChainCatcher news, according to Cointelegraph, Trump has nominated Bitcoin supporter Matt Gaetz as the U.S. Attorney General. He previously proposed a legislative bill on June 25, requesting the IRS to accept Bitcoin payments from Americans filing federal income tax.Trump's choice of Matt Gaetz could impact the crypto industry, as he is expected to advocate for a regulatory approach that supports digital asset innovation while balancing oversight.

ChainCatcher news, according to CNN: Trump is considering appointing Todd Blanche as Deputy Attorney General. (Jin Shi)

ChainCatcher message, according to SoSoValue data, the encrypted market sector continues to show a general upward trend, with the AI sector leading the way, achieving a 24-hour increase of 10.48%. Notable performers include Worldcoin (WLD) with an increase of 24.11% and Render (RNDR) with an increase of 22.37%;In addition, the Meme sector continues to show an upward trend, with an increase of 9.41%, and the leading project Dogecoin (DOGE) rising by 19.57%. Furthermore, the DePIN sector increased by 7.56%, the Layer 1 sector increased by 2.58%, the Layer 2 sector increased by 2.19%, and the RWA sector increased by 1.44%.