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Ripple established the National Cryptocurrency Association in the United States to help the public better understand the cryptocurrency industry

ChainCatcher news, according to The Block, the cryptocurrency company Ripple has announced the establishment of the National Cryptocurrency Association (NCA) in the United States, which has received a two-year funding of $50 million aimed at helping Americans better understand the industry through its consumer education platform.NCA's Vice President of Communications, Ali Tager, stated that although the organization was founded by Ripple, it is not bound by any single company and will provide resources for anyone who uses, holds, or wants to learn about cryptocurrency. The NCA emphasizes that it is not a political or lobbying organization, but rather focuses on supporting cryptocurrency awareness and education.To ensure independence, the NCA is registered as a 501(c)(4) organization, accountable to the best interests of consumers rather than product revenues or profit margins. Tager stated, "We are actively listening to the voices of the community, directly gathering feedback from real cryptocurrency users, engaging with relevant industry experts and leaders, and establishing advisory committees to incorporate more third-party perspectives."The NCA plans to release a study report on cryptocurrency holders in the U.S. later this month, based on a survey of 10,000 respondents conducted from January to February. Preliminary data shows that up to 21% of Americans may be cryptocurrency users, with 76% of holders indicating that cryptocurrency has had a positive impact on their lives. Additionally, 73% of respondents believe it is important for the U.S. to become a global leader in the industry, and 81% are excited about the future applications of cryptocurrency in areas such as investment, shopping, gaming, and digital collectibles.

Traders expect the S&P 500 index to experience the largest volatility on a non-farm payroll day since the regional banking crisis in March 2023

ChainCatcher news, according to Jinshi reports, options traders expect the S&P 500 index to fluctuate by 1.3% this Friday, which will be the largest fluctuation on a non-farm payroll data release day since the regional bank crisis in March 2023. Citigroup data shows that the S&P 500 index is expected to have a two-way fluctuation of 1.4% on Wednesday, marking the highest implied volatility since the day after the U.S. presidential election on November 6, 2023.The increase in market volatility is mainly influenced by two factors: the uncertainty of the Trump administration's tariff policy and the upcoming non-farm payroll report. Trump recently warned of potential future economic fluctuations and defended his plan to significantly raise tariffs, but U.S. Secretary of Commerce Gina Raimondo indicated that Trump is considering some tariff relief measures, which has slightly eased market sentiment.The Chicago Board Options Exchange Volatility Index (VIX) is currently at its highest level since December of last year, breaking through the 20-point mark. Economists expect that U.S. employment will increase by 160,000 in February, the unemployment rate will remain at 4%, and average hourly earnings will rise by 4.1% year-on-year. UBS equity derivatives strategist Grinkov stated, "Macroeconomic factors are becoming more important; this is a higher volatility environment."
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