ChainCatcher news, two ETF experts stated that if Democratic presidential candidate Harris wins the election in November, the XRP and SOL ETF applications may not yield results. Bloomberg senior ETF analyst Eric Balchunas said, "If Harris wins, it won't be approved, regardless of who the issuer is." Some industry experts believe that the entry of asset management giant BlackRock into the competition to launch Bitcoin and Ethereum ETFs significantly increases the chances of SEC approval for them—although it is currently unclear how much of a role BlackRock actually plays.Balchunas stated that if former President Trump wins the election, there will be a "fairly good chance" of more cryptocurrency ETFs emerging, regardless of whether BlackRock joins Bitwise, VanEck, and other companies looking to expand cryptocurrency ETFs beyond BTC and ETH.The ETF Store president Nate Geraci agreed, saying, "The Harris administration seems unlikely to approve additional spot crypto ETFs, at least not shortly after the election."

ChainCatcher news, according to Jinshi reports, Claudia Sahm, the founder of the Sam Rule and an economist, stated that she expects the Federal Reserve to continue to steadily lower interest rates, but it is unlikely to cut rates by as much as 50 basis points like in September. Although the Federal Reserve's efforts to curb inflation have been successful so far, Sahm acknowledges that consumers may not view the economy as positively as experts do.

ChainCatcher news, Musk liked a tweet from Mars City Terminus community member Muskarx@muskarx again within 12 hours, which stated: "It's not about gender, anyone can be a great engineer! We must build Terminus."It is reported that since its establishment, Mars City Terminus has gained increasing attention for its innovative concepts and active community.According to previous reports from ChainCatcher, Musk liked a tweet from Mars City Terminus community member Rayne.Mars City Terminus contract address: 0x44e18207b6e98f4a786957954e462ed46b8c95be

ChainCatcher news, Musk liked a tweet from lowercase Terminus community member Rayne@soryjokerain, which stated: "One step closer to Terminus." Since its establishment, lowercase Terminus has garnered increasing attention for its innovative ideas and active community.The contract address for the lowercase Terminus token is: 0x44e18207b6e98f4a786957954e462ed46b8c95be

ChainCatcher news, according to Fortune, Elon Musk's chances of winning the second lawsuit against OpenAI seem slim.Musk is trying to force the organization he previously founded to pay him three times the $44.6 million he donated over five years and to open source all the research behind its neural network GPT-4. Musk claims there was a "founder's agreement" with OpenAI CEO Sam Altman that explicitly prohibits this possibility. However, he has failed to present the agreement and instead argues that it is adequately reflected in the nonprofit's registration certificate from December 2015.

ChainCatcher news, according to Jinshi reports, BlackRock strategists stated in a report that the likelihood of the Federal Reserve rapidly cutting interest rates is low due to stable economic growth prospects.They said, "We believe there is room for the Federal Reserve to lower rates to 3.5% or slightly higher by early 2025." BlackRock noted that the minutes from the Federal Reserve's September meeting also indicated a gradual rate cut. "We anticipate normalization of monetary policy rather than monetary policy easing."

ChainCatcher news, according to CoinDesk, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated at an event at New York University School of Law that he believes Bitcoin (BTC) or other cryptocurrencies are unlikely to become widely used payment methods and are more likely to be viewed as a store of value. He cited history and monetary theory to emphasize that nations typically tend to use only one currency.He also criticized fraudulent activities in the crypto industry, pointing out that many "leaders" in the industry for 2024 are either in prison or facing extradition. He believes that the existing Howey Test is sufficient to regulate crypto assets without the need for an additional regulatory framework.

ChainCatcher news, a Citigroup analyst report indicated that despite recent labor market data potentially causing some market participants to reconsider their expectations for a Federal Reserve rate cut, the likelihood of the Fed skipping a rate cut during the November meeting is low.Although last Friday's non-farm payrolls saw a significant increase of 254,000, exceeding economists' expectations of 140,000, analysts pointed out that we suspect the strong employment report released last Friday may not be sustainable. Citigroup noted: A series of weak labor market data prior had led the market to expect the Fed to cut rates by at least 25 basis points at each meeting, and possibly take more substantial action with a 50 basis point cut. (Jin Shi)

ChainCatcher message, ZachXBT posted on X: "This is Rekt Fencer, this account did not exist in the previous cycle. Now he is running over 10 accounts, sharing AI-generated posts, and deploying meme coin scams like ANALOS BALLZ and CATDOG."

ChainCatcher news, according to Bitcoin.com News, the mayor of Rockdale, Texas, Ward Rodam recently published an article in the Austin American-Statesman, outlining the important role of the Bitcoin mining industry in the local economic recovery. Mayor Rodam likened Bitcoin mining to a "digital oil well," believing it has the potential to drive economic revitalization in rural areas across Texas, with an impact comparable to the former oil boom.According to Mayor Rodam, since the closure of the city's largest employer, the Alcoa aluminum plant, in 2008, the Bitcoin mining industry has utilized the legacy energy infrastructure to inject new economic vitality into Rockdale. This is reflected in several aspects:Job Market: Bitcoin mining companies have created hundreds of jobs locally, providing residents with high-paying employment opportunities;Fiscal Revenue: Mining companies have become one of the main sources of tax revenue for Milam County and the local school district;Community Development: These companies actively participate in local charitable initiatives, including establishing scholarships, supporting police and fire departments, and sponsoring youth sports and chamber of commerce activities;Economic Investment: Bitcoin mining companies have cumulatively invested over $1 billion in Rockdale.Mayor Rodam emphasized that Bitcoin mining enterprises demonstrate deep engagement and long-term commitment to the communities in which they operate. He called on Texas lawmakers to fully recognize the positive impact of the Bitcoin mining industry and create a favorable policy environment for its development. The mayor stated, "Texas leaders should fully understand the economic benefits of Bitcoin mining. If we can provide appropriate policy support for its development, Bitcoin mining is expected to become a new growth point driving the revitalization of Texas's rural economy."

ChainCatcher news, Three Arrows Capital co-founder Zhu Su posted on social media, "I heard that investment funds that previously refused to invest in Meme coins are now being questioned by limited partners (LPs) about why they didn't seize this opportunity.The allocation of Meme coins by institutions is likely to be the story of the fourth quarter of 2024."

ChainCatcher news, billionaire Mark Cuban stated in a recent interview that every meme coin is a brewing scam, but that's also what makes them interesting. Because aside from the fun, there is no real reason for them to continue to exist. "And then there's Dogecoin, which is for more fun and community," he said, "it really depends on where you are. I'm an advocate for everyone. I see the fun in it, I see the utility in it, I see the store of value in it. So it really depends on where you want to go."

ChainCatcher news, short-term interest rate futures traders believe that the Federal Reserve is more likely to cut rates by 25 basis points in November rather than 50 basis points. (Jin Ten)

ChainCatcher news, according to Jinshi reports, an IG analyst stated in a report: "A 50 basis point rate cut by the Federal Reserve in November is still considered a possibility."Powell's speech is unlikely to change many views, although he may reiterate his comments on the Federal Reserve's recent rate decision.Tomorrow, Federal Reserve Chairman Powell will speak at the National Association for Business Economics, where he may indicate the future policy direction of the Federal Reserve.

ChainCatcher news, according to Money Today, the National Pension Service (NPS) of South Korea has clarified that its investments in companies like Coinbase and MicroStrategy are not aimed at investing in cryptocurrencies such as Bitcoin. Instead, these companies were included in the NPS portfolio by chance, related to their presence in the benchmark index tracked by the NPS or decisions made by external managers under trust management.The agency stated that any decisions to sell or limit investments in crypto-related stocks are determined by the Fund Management Committee. This committee is responsible for approving any restrictions on investments in specific industries or corporate groups and adjusts the benchmark index as needed before implementing such changes.Previous news reported that the National Pension Service of South Korea increased its indirect exposure to Bitcoin by acquiring MicroStrategy shares.

ChainCatcher news, Matrixport released a report stating that Bitcoin is very likely to rebound by the end of the year, bringing surprises to many market participants.The report states that although Bitcoin has been in a consolidation phase since reaching an all-time high in March 2024, the year-to-date return has also reached +49%, comparable to the historically predicted +47% return. Based on Bitcoin's performance over the past decade, if this historical trend continues, a significant price rebound is likely to occur in early October. The coming weeks and months will be an exciting transformative period for all participants in the crypto asset space.In addition, Ethereum miner fees have seen a slight rebound, indicating that the summer consolidation phase for crypto assets may be coming to an end. As for whether the rebound momentum will continue, a more detailed and rigorous analysis of Ethereum's revenue and miner fee trends is needed. Closely monitoring these indicators can provide deeper insights into whether the recent rebound is sustainable. If it is not sustainable, it suggests that the logic of market activity may have undergone new changes.