ChainCatcher news, according to Cryptonews, the latest data from the Indonesian Commodity Futures Trading Regulatory Agency (CoFTRA) shows that in 2024, Indonesia's cryptocurrency trading volume has surpassed $30 billion (approximately 475 trillion Indonesian rupiah), a year-on-year increase of 352%.Currently, the number of cryptocurrency trading users in Indonesia has reached 21 million, with 716,000 users trading through locally registered exchanges. Although the current trading volume has not yet exceeded the historical peak of $54 billion in 2021, it has surpassed the total of $19.4 billion for the entire year of 2022.According to Chainalysis data, Indonesia currently ranks third in the global cryptocurrency adoption index, following India and Nigeria.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that, considering the growth rate, Bitcoin's dominance is unlikely to decline anytime soon. During the 37% increase in BTC market capitalization, large-cap stocks rose by 16%, while mid-cap and small-cap stocks increased by 10%. The only time small and mid-cap cryptocurrencies outperformed BTC market capitalization growth was during the Memecoin season in April.

ChainCatcher news, Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.It noted that with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and the Financial Accounting Standards Board (FASB) revising fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways.Chainalysis also mentioned that the funds flowing into "legitimate" services so far this year are at the "highest level" since 2021 (the last peak of the bull market). It pointed out that illegal activity funds have decreased by "19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing on-chain illegal activities."These signs suggest that cryptocurrencies will continue to be "adopted globally," which is also reflected in Japan's crypto ecosystem. Overall, Japan's services have a "generally lower exposure to global illegal entities, such as sanctioned entities, dark web markets (DNM), and ransomware services, as most Japanese services primarily target Japanese users."However, the report clarifies that this does not mean Japan is "completely immune to crypto-related crime," with public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasizing that cryptocurrencies pose a "significant money laundering risk." Chainalysis further pointed out that although Japan's contact with international illegal entities may be limited, the country "is not without its own local challenges. Off-chain criminal entities utilizing cryptocurrencies are common but often remain unknown." (Crowdfund Insider)

ChainCatcher message, Citic Securities research report states that the U.S. October CPI growth rate fully meets expectations, with most sub-item readings being moderate, stable commodity prices, and persistent service inflation, increasing the likelihood of a Federal Reserve rate cut in December this year.After Trump's victory, the outlook for U.S. commodity inflation is a concern worth noting. We expect that the overall CPI year-on-year comparison in the remaining two months of this year will be difficult to show a significant decline. Considering the gradual impact of the tariffs and immigration deportation plans proposed by Trump, the year-on-year growth rate of the overall CPI in the U.S. next year may be around 2.6%.

ChainCatcher message, according to Token Terminal data, the Base network revenue in October has approached $3.9 million, with an increase of over 123% compared to last month, ranking first in the Layer2 market.

ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange announced today that its asset scale has exceeded HKD 5.5 billion, with total trading volume surpassing HKD 540 billion, and significant progress has been made in multiple business areas.With the further integration of traditional finance and the crypto industry, HashKey Exchange has attracted a large influx of funds from institutional investors. Among them, Omnibus brokerage services and institutional investor trading have seen significant growth.As of October 30, the total trading volume of Omnibus reached HKD 3.9 billion, with a monthly growth rate of 58.3%. Meanwhile, the proportion of institutional investor trading increased from 4.19% in July to 14.74% in October. In the future, as market activity continues to rise, HashKey Exchange will continue to promote its business expansion.

ChainCatcher news, HashKey Exchange continues to hold its position as the largest licensed virtual asset exchange in Hong Kong. As of October 16, according to the latest data from Coingecko, HashKey Exchange ranks among the top 8 global exchanges, making it the highest-ranked licensed virtual asset exchange in Hong Kong.HashKey Exchange's total trading volume has surpassed HKD 538 billion, with user assets exceeding HKD 5 billion, marking significant breakthroughs in multiple business areas for the company. Notably, with in-depth cooperation with several leading brokerages, HashKey Exchange's Omnibus brokerage services have seen substantial growth, with total trading volume reaching HKD 3.3 billion as of October 17, and a quarterly growth rate of 1272%. As a core brokerage service provider in Hong Kong, HashKey Exchange will continue to focus on providing convenient, secure, and efficient virtual asset deposit and withdrawal functions for brokerage investors in the future.Additionally, in celebration of its first anniversary, HashKey Exchange launched trading for Avalanche (AVAX) and Chainlink (LINK) to Hong Kong retail investors on August 28. This marks the first addition of new trading tokens in Hong Kong since the start of retail trading in August 2023, aside from Bitcoin and Ethereum. HashKey Exchange has submitted its third batch of trading token applications to regulators and plans to continue expanding the range of assets available for retail trading, offering diversified investment options to the market and investors.

ChainCatcher news, CryptoQuant analyst Julio Moreno posted on the X platform that Bitcoin demand seems to be recovering. Since April 22, Bitcoin demand has been growing at the fastest monthly rate. Although the demand momentum is still in the negative range (red bars), indicating that selling volume still exceeds buying volume, the degree of this imbalance has eased.

According to data from Ultrasound.money, the net supply of Ethereum has increased by 63,740 coins over the past 30 days, with the supply increasing by approximately 77,484 ETH. A total of 13,744 ETH has been destroyed through the burning mechanism, and the current supply growth rate is 0.645% per year.

ChainCatcher message, the Atlanta Fed's GDPNow model expects the U.S. GDP growth rate for the third quarter to be 2.0%, consistent with previous estimates. (Jin Shi)

ChainCatcher news, on-chain analytics company CryptoQuant indicates that Bitcoin whales have significantly reduced the speed of accumulating tokens. The 30-day percentage change in whale holdings has dropped from 6% in February (the fastest rate since February 2019) to the current 1%. Currently, "most" demand indicators show signs of weakness, and Bitcoin's purchasing power is still insufficient to push its price to a new all-time high.The report states: "Although the overall demand for Bitcoin is slowing down, long-term holders continue to accumulate Bitcoin at unprecedented levels. The total balance of these holders is growing at a record pace of 391,000 Bitcoins per month. The growth rate of demand from long-term holders is even faster than when Bitcoin's price exceeded $70,000 in the first quarter of 2024."

ChainCatcher news, according to Jinshi reports, the United States has released multiple economic data.The final annualized quarterly rate of real GDP in the first quarter of the United States is 1.4%, expected 1.3%, previous value 1.3%;The final quarterly rate of real personal consumption expenditures in the first quarter of the United States is 1.5%, expected 2%, previous value 2%;The final annualized quarterly rate of the core PCE price index in the first quarter of the United States is 3.7%, expected 3.60%, previous value 3.60%.

ChainCatcher news, according to token terminal data, the number of weekly active addresses on the TON network has reached 324,600, with a month-over-month increase of 128.7%.At the same time, the network fees for this month have reached $1.37 million, an increase of 55.9% compared to $880,000 in February.

ChainCatcher news, according to Defillama data, the TVL of the Solana network has risen to $1.22 billion, with significant growth in the TVL of multiple protocols within the Solana ecosystem. Among them:The Solana ecosystem liquid staking protocol Jito TVL reached $578 million, with a weekly increase of 23.32%;The Solana ecosystem lending platform marginfi TVL reached $330 million, with a weekly increase of 36.27%;The Solana ecosystem liquidity solution Kamino TVL reached $190 million, with a weekly increase of 49.64%.

ChainCatcher news, according to data released by Binance Academy, the number of users on Binance's open blockchain and crypto education platform, Binance Academy, has grown by 62%. From September 2022 to August 2023, the number of individuals seeking crypto education has significantly increased. Since its establishment in 2018, 39 million users have utilized the platform to further their understanding of blockchain technology and cryptocurrency knowledge.This year, the most popular topics in crypto education include the metaverse, Bitcoin, crypto wallets, and candlestick charts. Beginner-level articles on how to trade cryptocurrencies, what blockchain technology is, and how to use crypto wallets have consistently been the most popular content on the platform. Binance Academy points out that the increase in the number of individuals seeking crypto education reflects the rising global adoption rate of cryptocurrencies.It is reported that this year, users interested in crypto education on the platform mainly come from emerging economies such as India, Bangladesh, Turkey, Ukraine, and Indonesia.

ChainCatcher news, according to L2BEAT data, the total locked value (TVL) of the Base network is $195 million, with a 7-day increase of 70.42%; Starknet TVL is $175 million, with a 7-day increase of 54.06%; zkSync Era TVL is $434 million, with a 7-day decrease of 7.57%; OP Mainnet TVL is $2.8 billion, with a 7-day decrease of 6.05%.In addition, according to DefiLlama data, the total trading volume of Base in the past 7 days is $99.35 million, of which SushiSwap's trading volume in the past 7 days is $45.13 million, accounting for 45.4%; Uniswap's trading volume in the past 7 days is $38.7 million, accounting for 39%.

ChainCatcher news, Messari researcher Peter Horton tweeted that due to the impact of the Shanghai upgrade, memes, and various regulatory events, the circulating market capitalization growth rate of ETH in the second quarter was 3%, while the average market capitalization of other major L1s decreased by 23%.The liquidity staking rate of L1 gradually increased, with ETH exceeding 50% at the end of the second quarter, a growth of 25%. Cardano's DeFi TVL, DEX trading volume, and stablecoin market capitalization led in quarter-on-quarter growth rates. AVAX, influenced by Layerzero, saw a quarter-on-quarter growth rate exceeding that of major L1s in terms of tx, daa, new addresses, and total tx fees. (source link)

ChainCatcher news, market research and consulting firm Acumen Research & Consulting released the report "2023-2032 Web 3.0 Market Forecast," which shows that the Web 3.0 market is expected to reach $81.9 billion by 2032, with a compound annual growth rate (CAGR) of 44.5%. The Web 3.0 market in the Asia-Pacific region is expected to experience significant growth, with an estimated CAGR of about 47% from 2023 to 2032.Additionally, a previous report by Deloitte indicated that the insurance industry could save up to $5-10 billion annually by adopting blockchain technology due to reduced fraud and improved claims processing. (Source link)

ChainCatcher news, a report by Polaris Market Research shows that the total transaction volume of blockchain games reached $5.41 billion in 2022, with a projected compound annual growth rate of 68.90% over the next 10 years; the most popular P2E game is Axie Infinity, with an average of 535,202 searches per month; in second place is SecondLive, with an average monthly search volume of 496,313; third place goes to Stepn, with an average search volume of 478,794. (source link)

ChainCatcher news, according to the latest data from Dune Analytics, the total value stored in the StarkNet cross-chain bridge of the Ethereum Layer 2 scaling solution has reached 4,007 ETH, with the number of users participating in bridge transactions being 62,236.Historical data shows that the total value stored in the StarkNet cross-chain bridge surpassed 2,000 ETH on October 27, indicating a monthly growth of over 100%; in comparison, the current total value stored in the Arbitrum cross-chain bridge is 1,987,458 ETH, Optimism is 434,261 ETH, and zkSync is 183,265 ETH. (source link)