ChainCatcher news, according to Cointelegraph, based on a report released by the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee on November 21, the CFTC has approved the use of blockchain technology to manage trading collateral in the U.S. derivatives market.The report states that blockchain technology (including distributed ledgers and tokenization) can address long-standing challenges in traditional derivatives exchanges and expand the types of assets available for collateralized trading.

ChainCatcher news, according to Forbes, hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages about 20% of the world's crypto assets, valued at approximately $400 billion.Ledger CEO Pascal Gauthier stated that the company is expanding from cryptocurrency security to a broader cybersecurity field. The Security Key application launched in September this year has entered the authentication market, which is expected to reach a market size of $40 billion by 2030.It is worth noting that Ledger has completed a total of $600 million in financing, including $380 million in Series C funding in 2021 at a valuation of $1.5 billion, and an additional $108 million in financing at the same valuation in early 2023.

ChainCatcher news, global asset management company WisdomTree Investments announced the launch of the exchange-traded product WisdomTree Physical XRP ETP (XRPW), which will be listed on multiple European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and the pan-European exchange. The current management fee rate for this ETP is 0.50%.It is reported that WisdomTree's product will be 100% backed by spot XRP, with assets stored in cold wallets and adopting a dual custody model, managed by regulated custodians. Currently, WisdomTree's portfolio has expanded to nine cryptocurrency ETPs, covering Bitcoin, Solana, Ethereum, and more.

ChainCatcher news, according to Jinshi reports, the Hong Kong Private Wealth Management Association (PWMA) released a survey on Friday showing that most private wealth management companies are taking a wait-and-see approach to virtual assets. However, in recent years, the trading volume of cryptocurrencies in Hong Kong has surged, and with the regulatory framework gradually improving, about one-third of wealth management institutions expect their allocation to virtual assets to be 6-10% within five years.

ChainCatcher news, Blockstream announced the establishment of an asset management department aimed at bridging the gap between Bitcoin and mainstream finance. Hedge fund professional Sean Bill has been appointed as Chief Investment Officer to lead this initiative.

ChainCatcher news, Deutsche Bank Asset Management analyst Johannes Müller stated in a webinar that the decline in inflation in the Eurozone next year should enable the European Central Bank to further cut interest rates.The chief economist of Deutsche Bank Asset Management mentioned that the company expects the European Central Bank to cut rates five more times, once in December, and then four more times before the third quarter of 2025. Deutsche Bank Asset Management predicts that the inflation rate will drop to 2.0% in 2025, down from 2.3% in 2024. However, due to strong wage growth and inflation in service prices, core inflation may still remain elevated.

ChainCatcher news, blockchain security audit company CertiK has issued a statement saying that it has recently received a large number of requests for help from users of the DEXX platform, who reported that their account assets had been emptied. After verification, CertiK confirmed that this security incident occurred on the Solana chain, which is not within CertiK's audit coverage.CertiK stated that the main reason for the incident was improper private key management on the DEXX platform, leading to the leakage of the official private key.It is reported that the large-scale theft of user assets on the DEXX trading platform has currently confirmed that the stolen funds have reached over 100 million yuan, and the hackers are still continuing their attacks. CertiK reminds all blockchain projects and users that the secure storage and management of private keys is key to ensuring asset safety.

ChainCatcher news, according to Decrypt, Australian crypto fund management company DigitalX plans to position itself as a "flag bearer" for digital assets, preparing for a "mainstream moment" for the crypto industry after significant breakthroughs and global political shifts (especially in the U.S.). DigitalX announced on Thursday that the company is significantly cutting operational costs, with a restructuring of the fund management team, resulting in an annual cost reduction of $950,000 (614,000 AUD).Meanwhile, its Bitcoin fund boasts an annual return of up to 99%, outperforming its competitors over multiple time frames, with a 12% return over six months and a 30% return over three years. According to the company's latest shareholder update, its digital asset fund, despite a slight decline of 2.1% last quarter, has still achieved a return of over 526% over the past five years.The company acknowledges that, despite solid performance, it still faces several challenges in raising management funds and points out that the potential investor market is relatively small compared to traditional investment products.

ChainCatcher news, the Web3 education platform Academic Labs announced on the X platform that it has completed a new round of financing of $3.2 million, with participation from UOB Ventures Management, Signum Capital, HTX Ventures, Web Master, WIDUSPartners, DWF Ventures, Blockchain for Good Alliance, AsiaTokenFund, and Citystate Group. Specific valuation information has not yet been disclosed.According to reports, the team stated that information regarding new products, token airdrops, and token listings will be released in the coming weeks. The new funds will be used to expand ecosystem coverage and enhance collaborations with universities.ChainCatcher news, Academic Labs is developing an AI web3 education platform that uses its native token ACAD to incentivize content creators to create engaging gamified learning content, quizzes, and videos, focusing on learning English and blockchain knowledge/programming. High-quality content creators can monetize their work using PUBLISHER NFT and earn reputation NFTs from user feedback on their creations.

ChainCatcher news, Hyla Fund Management is launching a new fund with a size of $30 million, focusing on the cryptocurrency sector in Latin America. Hyla represents clients investing in other hedge funds, managing $115 million in assets.Hyla CEO Paola Origel stated that the Latin American cryptocurrency market is still small but full of opportunities. She mentioned that crypto funds act as a bridge between traditional investors and the crypto ecosystem. The crypto space is an emerging field and is developing rapidly, with some investors lacking the time, resources, or expertise to delve into the industry and determine which crypto hedge funds they want to invest in. This is where Hyla comes in.She also stated that Hyla aims to become "the Goldman Sachs of the digital asset space." The company currently offers a variety of strategies, including its liquidity risk investment fund and market-neutral return strategies in Bitcoin and Ethereum. The new Latin American fund is scheduled to launch in January 2025, which will increase Hyla's assets under management by $30 million.

ChainCatcher news, according to Jinshi reports, market news shows that Trump's main advisors support former Soros Fund Manager Scott Bessent for the position of Secretary of the Treasury. Sources say that Trump has selected KRISTI NOEM as Secretary of Homeland Security.

ChainCatcher news, Binance announces the launch of multiple products supporting Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT):Binance Savings: The principal-protected earning products for ACT and PNUT will be available for subscription today at 18:00 (UTC+8).One-Click Buy: Starting from November 12 at 18:00, users can purchase ACT and PNUT using credit cards, debit cards, Google Pay, Apple Pay, and more.Instant Exchange: One hour after the spot launch, ACT and PNUT can be exchanged for BTC, USDT, etc., on the instant exchange platform with no fees.Margin Trading: Binance will support full and isolated margin trading for ACT/USDT and PNUT/USDT today at 20:00.Contract Trading: The USDT perpetual contracts for ACT and PNUT will be launched at 20:15 and 20:30, respectively, supporting 1-75x leverage.

ChainCatcher news, according to Bloomberg, former executives from Millennium Management LLC and Pacific Investment Management Company (Pimco) are starting a consulting business in the digital asset space. Benoit Bosc, who previously served as a portfolio manager at Millennium, and Michael Bressler, who recently held the position of executive vice president at Pimco, left their roles in October and August respectively to establish the digital asset consulting firm x2B. The company is set to launch in November and already has 10 clients, charging based on a mix of future tokens and cash for projects.The firm will provide consulting services for crypto projects, including fundraising, token issuance, financial management, and market-making arrangements. Bosc previously served as the U.S. general manager at digital asset market maker GSR, while Bressler was the global head of sales at the company for a year and a half. In an interview, Bressler stated, "Few people understand the complex dynamics of token issuance at the intersection of high-end traditional finance and digital finance." Bosc noted that the industry will benefit from "more professional and transparent practices," adding that x2B plans to encourage "various market participants and service providers involved in these issuances to take on more responsibility."

ChainCatcher message, Zhao Changpeng posted on social media, stating that when Bitcoin continuously hits new all-time highs, appropriate risk management should be applied. There will be many lows (and highs) in the future, so ensure that you can handle them, control your greed, and do not put all your eggs in one basket.

ChainCatcher news, HashKey Capital Managing Partner Ryan Chen confirmed his attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. HashKey Capital is an institutional asset management company specializing in investments in blockchain technology and digital assets, investing across the entire blockchain ecosystem, including public chains, protocols, applications, and crypto financial providers.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, and aims to bring together elites in the Web3 field to exchange insights on the industry, expecting to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024 annual heavyweight rankings, objectively selecting influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, according to the Financial Times citing informed sources, BlackRock is in preliminary discussions with Millennium Management about a strategic partnership that could allow the world's largest asset management company to acquire a stake in this highly profitable hedge fund management firm.Although any stake may be small, this potential collaboration reflects BlackRock's pursuit of expanding into the alternative investment space, while also showing that Millennium's 76-year-old founder, Izzy Englander, is continuing to grow and diversify his business.Informed sources indicate that negotiations are still in the early stages and may not result in an agreement. If BlackRock does indeed acquire a stake in Millennium, it would mark the first time in 35 years that Englander has accepted external investment into Millennium's management company.