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4E: "Trump Deal" reaches a climax, U.S. stocks and cryptocurrencies hit all-time highs

ChainCatcher News: The U.S. election concludes with Trump announcing victory, sparking a surge in "Trump trades" in the capital markets. Funds are rapidly flowing into winners expected to benefit from Republican policies, while anticipated losers are being sold off.According to 4E monitoring, the three major U.S. stock indices hit historic highs on Wednesday, with the S&P 500 index rising 2.5%, marking the largest post-election day increase in history. The Dow Jones rose 3.57%, the largest increase in two years, and the Nasdaq closed up 2.95%, with most tech stocks rising. Tesla's stock price soared nearly 15% overnight, reaching its highest level since July 2023. Trump Media & Technology (DJT), prison stocks, cryptocurrency concept stocks, bank stocks, and energy stocks all surged, while the photovoltaic and new energy sectors, closely related to the "Harris victory concept," faced a complete rout.Trump's victory has triggered a frenzy in the cryptocurrency market, with all cryptocurrencies experiencing significant gains. Bitcoin also surged, reaching an all-time high of $76,400 at one point.The U.S. election concludes with a victory for Trump's camp, and global markets are beginning to engage in a game regarding the "Trump 2.0 era," starting to bet on a scenario of rising economic growth and inflation. Investors are highly focused on tonight's Federal Reserve monetary decision and Powell's speech.It is reported that eeee.com is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with a potential hedging option.

Bitget has partnered with Solayer to launch BGSOL, which is now open for staking, offering a maximum comprehensive return of 30% APR

ChainCatcher news, Bitget collaborates with Solayer to launch BGSOL. BGSOL is a liquidity staking solution introduced by Bitget, where users can stake SOL and receive BGSOL tokens. Unlike traditional staking methods, BGSOL allows users to maintain the liquidity of their assets while enjoying multiple rewards. In addition to earning staking rewards, BGSOL can also be used for other DeFi activities. BGSOL aims to provide users with flexible asset management and high-yield staking opportunities.Bitget CEO Gracy Chen stated, "The launch of BGSOL marks an important step for Bitget in providing more diversified financial solutions. By allowing users to maintain the flexibility of their assets while earning staking returns, we also open up more participation opportunities for users in the DeFi ecosystem."Solayer spokesperson Rachel added, "BGSOL brings new flexibility and innovation to Solana's staking mechanism through Solayer. Holders can earn multiple rewards while maintaining liquidity and enjoy priority access to Bitget-related product trading services within the Solana ecosystem. This collaboration is just the beginning of Bitget and Solayer building blue-chip infrastructure together on Solana."BGSOL is now open for staking, and the BGSOL Wealth Management product has also launched, allowing users to enjoy compounded returns. Details are as follows:BGSOL Staking Details:Current exchange rate: 1 BGSOL ≈ 1.02818171 SOLOn-chain base yield: 8.15% APRStaking range: 0.01-10,000 SOLBGSOL Wealth Management (compounded returns):Regular user yield: 17% APR, hard cap of 6 BGSOLVIP user yield: 22% APR, hard cap of 12 BGSOLSubscription open time: October 22, 18:00 - November 21, 18:00 (UTC+8)

Legal professionals: A feasible plan should be introduced to address the issue of the inability to dispose of seized and frozen virtual currencies in judicial practice, maximizing the protection of the parties' interests

ChainCatcher news, Sun Guanjun, the chief judge of the People's Court of Taiping and a senior judge at level four, and Wei Yuzheng, a judicial police officer from the judicial police team, co-authored "The Validity of Virtual Currency Transactions." The article points out that the legal and regulatory framework regarding the validity of virtual currency transactions should be improved as soon as possible.On one hand, it is necessary to quickly resolve historical issues and provide corresponding solutions on how to handle virtual currency transactions that occurred before the issuance of the "Announcement on Preventing the Risks of Token Issuance Financing" by the People's Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission.On the other hand, for the issues faced in judicial practice regarding the seizure and confiscation of virtual currencies that cannot be disposed of, feasible solutions should be introduced to maximize the protection of the parties' interests.

Ethereum ACDC#144: Developers plan to include EIP 7742 in Pectra, which can dynamically set blob gas targets and maximum limits

ChainCatcher news, Galaxy's Vice President of Research Christine Kim summarized the main points of the 144th Ethereum Core Developers Consensus Meeting (ACDC #144):Developers agreed to include a new code change EIP 7742 in Pectra, which allows the beacon chain to dynamically set the network's target and maximum blob gas limits. The inclusion of EIP 7742 indicates that developers may also increase the target and maximum blob gas limits in Pectra. However, some developers raised concerns during the call that incorporating additional EIPs (especially EIP 7742) would delay the activation of other Pectra code changes on the mainnet. Developers also discussed the testing progress of Pectra and PeerDAS development.L2 rollup Base developer Francis Li introduced the urgency and fundamental principles of increasing blob capacity in Pectra. Li suggested increasing the blob gas target to 5 and the maximum to 8, along with additional work at the network layer, such as implementing engine_getBlobsV1. Busa pointed out that the increase in blob capacity should be combined with the deployment of EIP 7742, which introduces a mechanism to dynamically set blob gas targets and maximum limits through CL. Busa stated that the current mechanism for setting these parameters is difficult to change, and introducing EIP 7742 would ensure that developers can easily adjust these settings in the future, such as upgrades like PeerDAS. However, Busa also noted that EIP 7742 requires additional work from the EL and CL client teams for deployment and could delay Pectra's timeline by 1 to 2 months. He urged developers to consider starting the work on deploying EIP 7742 as soon as possible to avoid unnecessary delays in the Pectra upgrade.
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