ChainCatcher news, the Telos Foundation announced on the X platform the launch of the proof aggregator Plonky2 Goldibear, which is its latest advancement in cryptographic proof generation and aggregation, aimed at providing performance improvements, especially in recursive proof combinations in the BabyBear domain.It is reported that Plonky2 Goldibear is the latest iterative version of the Plonky2 prover, supporting proof generation in both the Goldilocks domain and the BabyBear domain.

ChainCatcher message, Goldman Sachs strategist Simon Dangoor stated that the Federal Reserve meeting minutes from last night were quite interesting. Clearly, some members showed some caution when considering a 50 basis point rate cut, which is clearly reflected in the dot plot. But evidently, the Fed Chair is dominating the situation here.

ChainCatcher news, according to CoinDesk, Goldman Sachs analysis shows that Bitcoin has risen over 40% this year, outperforming major stock indices, fixed income securities, gold, and oil. However, according to Goldman Sachs data, despite Bitcoin's strong performance, its volatility results in a return-to-risk ratio below 10%, far lower than gold's industry-leading level of nearly 20%.Bitcoin's low risk-adjusted return validates its excessive volatility, making it unsuitable as a safe-haven asset similar to gold. This is also the reason why traditional institutions prefer to use arbitrage strategies to hedge against Bitcoin price fluctuations.

ChainCatcher news, analysts at JPMorgan have stated that the escalating geopolitical tensions and the presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets, referred to as "devaluation trades."Analysts indicate that this "devaluation trade" is driven by multiple factors, including the heightened geopolitical uncertainty since 2022, ongoing inflation concerns, massive government deficits in major economies, and a weakening confidence in fiat currencies, particularly in some emerging markets.

ChainCatcher news, according to market news, OpenAI has established a $4 billion revolving credit facility with JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, Santander Bank, Wells Fargo, Sumitomo Mitsui Banking Corporation, UBS, and HSBC.

ChainCatcher news, according to CoinDesk, RWA tokenization company Digital Asset announced on Tuesday that it has completed a pilot program to tokenize UK bonds (gilts), European bonds, and gold for financial transactions using the Canton Network protocol. Major securities settlement provider Euroclear, the World Gold Council, and global law firm Clifford Chance also participated in this process along with other banks, investors, custodians, and a central securities depository.During the pilot project from June to July, the project created digital representations of UK government bonds, European bonds, and gold to be used as collateral, offering greater transparency, faster transfer speeds, and near-instant settlement between parties around the clock, without the delays associated with traditional financial rails. According to a report by Boston Consulting Group and 21Shares, in an optimistic scenario, the market value of tokenized assets is expected to exceed $10 trillion by the end of this decade, while McKinsey predicts it will reach $2 trillion in its base case by then.

ChainCatcher news, the CEO of financial services company Cantor Fitzgerald, which manages $13.2 billion in assets, recently shared his views on Bitcoin. He stated, "BTC should be treated like gold and oil." The CEO further emphasized, "When you truly understand Bitcoin, it's hard to look at it any other way."

ChainCatcher news, stablecoin issuer Paxos announced on platform X that the market capitalization of the gold-backed stablecoin PAXG has reached a new high of 500 million dollars. Paxos stated that each PAXG token is backed by 1 troy ounce of gold stored in the London LBMA vault.In addition, recent spot gold prices have been continuously refreshed, reaching 2670 dollars per ounce yesterday, setting a new historical high.

ChainCatcher news, according to Jinshi reports, Goldman Sachs CFO Denis Coleman believes that the Federal Reserve's recent decision to cut interest rates by 50 basis points, a significant easing move, despite raising concerns among some market analysts about inflation and recession risks, still lays a solid foundation for a soft landing of the economy.He stated, "This first 50 basis point cut is a clear sign of a new direction. I hope this can boost confidence, lower the cost of capital, and possibly stimulate strategic activity as we approach the end of the year." The Federal Open Market Committee (FOMC) unexpectedly voted to lower its key overnight lending rate to a target range of 4.75% to 5%.

ChainCatcher news, BlackRock's digital asset head Robbie Mitchnick expressed his views on Bitcoin in an interview with Bloomberg. He believes that although Bitcoin has recently aligned with the U.S. stock market, it should be seen as a "safe-haven" asset. He compared Bitcoin to traditional safe-haven assets like gold, which are typically favored during uncertain times. In contrast, stocks, commodities, and high-yield bonds are often considered "risk-on" investments.Mitchnick explained that despite short-term volatility, assets like gold and Bitcoin have shown similar performance over time. "Gold exhibits many of the same patterns; despite periods of temporary alignment with stocks, the long-term correlation is close to zero."He emphasized that Bitcoin's decentralized nature and scarcity set it apart, stating, "You would consider it as the foundation of a safe haven."

ChainCatcher message, HashKey Global and Catizen have teamed up to launch a new reward event------ Catizen Gold Rush. After the Catizen staking event ends, users can withdraw their staked CATI principal to HashKey Global and receive a 100% additional CATI reward. The reward pool for this event is 50,000 CATI, and it operates on a first-come, first-served basis, with rewards available until they run out.During the event, users only need to select to recharge to their HashKey Global account when withdrawing their staked CATI principal in the Catizen Mini-app to receive CATI rewards equivalent to the recharge amount. For example, if you recharge 10 CATI principal, you will receive an additional 10 CATI reward, totaling 20 CATI. The reward limit for each user is 100 CATI.The event runs from September 24, 2024, 10:00 (UTC) to September 27, 2024, 10:00 (UTC). Please note that only users who complete the recharge operation through the Catizen Mini-app are eligible to receive rewards.

ChainCatcher message, Federal Reserve's Goolsbee stated that the "golden path" has become history, and last year's inflation declined without an economic recession. (Jin Ten)

ChainCatcher news, veteran chart analyst and founder of Factor Trading Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated on the X platform that by 2025, the ratio of Bitcoin to gold could rise by more than 400%.Brandt cited classic technical chart analysis to support his extremely bullish outlook. According to a technical pattern known as the Inverse Head and Shoulders (IH&S), this pattern forms when the price creates three consecutive troughs, with the middle trough (referred to as the head) being deeper than the other two troughs (known as the left shoulder and right shoulder). This pattern forms below a common support line (called the neck line). When the price breaks above the neck line accompanied by an increase in trading volume, the IH&S pattern is confirmed. At this point, the price increase is equivalent to the maximum distance between the neck line and the deepest point of the head.For the Bitcoin to gold exchange rate, the price of 1 BTC could equal 123 ounces of gold as early as 2025, representing an increase of more than 400% compared to 24 ounces on September 22, 2024.

ChainCatcher news, according to CoinDesk, Bitcoin has risen by 7% in the past five days, breaking the $64,000 mark for the first time since August 26. Meanwhile, gold has set new all-time highs over 30 times this year, surpassing $2,600 per ounce. Charlie Bilello, Chief Market Strategist at investment management and financial planning firm Creative Planning, stated that this is the first time since Bitcoin's inception in 2009 that both Bitcoin and gold have become the best-performing assets of the year.Analyst James Van Straten noted that the outstanding performance of Bitcoin and gold is related to the increase in global liquidity, the expansion of global central bank balance sheets, and the recent interest rate cuts by the Federal Reserve, which stimulate investment and economic activity. The current balance sheet of the Federal Reserve stands at $7.1 trillion, and although quantitative tightening is still underway, the pace has slowed. The reduction in reverse repo balances, now just above $300 billion, has released liquidity back into the financial system. This has a stimulating effect, increasing the availability of funds for loans, investments, and overall economic activity.From a broader perspective, the total balance sheet of the world's 15 largest central banks (including the U.S., EU, Japan, and China) is approaching $31 trillion. While this figure itself is not the focus, the trend shows a global recovery of central bank balance sheets since July, rising from about $30 trillion. This increase in liquidity is particularly stimulating for Bitcoin, as its price movements often correspond with liquidity trends. Additionally, the Federal Reserve's 50 basis point rate cut further supported the rise of both Bitcoin and gold.

ChainCatcher news, after the widely expected decision by the Bank of Japan to maintain interest rates, investors are now waiting for a press conference later today by Bank of Japan Governor Kazuo Ueda to see if his stance on seeking further rate hikes has changed.Goldman Sachs analysts stated in a research report: "As the Federal Reserve shifts towards easing monetary policy, some market participants are eager to see if there will be any changes in this stance." They also noted that Ueda's views on the recent appreciation of the yen and its impact on the economy and prices are worth paying attention to. (Jin Shi)

ChainCatcher message, Goldman Sachs expects the Bank of England to support maintaining interest rates unchanged with a 7 to 2 vote, providing no clear guidance for the future. The expected scale of APF reduction is £100 billion. A series of rate cuts from November 2024 to August 2025 is anticipated to bring rates down to 3.00%, with a 40% probability for this baseline scenario, whereas the previous forecast was for rates to reach 3.00% by August 2026.Goldman Sachs pointed out three reasons for adjusting expectations, including increased confidence that wage growth will significantly cool in the coming months, inflation progress may accelerate significantly in 2025, the simple Taylor rule points to faster normalization, and most developed country central banks will cut rates consecutively.