ChainCatcher news, Union tweeted that an early draft of its tokenomics was leaked via Union Notion. This draft was created before Union Labs' Series A funding. Since then, a lot has changed, and the document no longer represents the current thinking on Union's tokenomics. The team has not yet made any decisions regarding any matters related to tokenomics. The Union tokenomics team is continuously researching best practices from other projects and adjusting plans to best serve the Union community in the long term.

ChainCatcher message, Federal Reserve Chairman Powell stated on Friday that the costs of currently adopting a cautious stance on monetary policy are "very, very low," but he also mentioned that these costs could rise if inflation expectations come under pressure. Although the standard reaction to one-time price increases caused by tariffs is to ignore them, this time may be different.Powell said, "If it (i.e., tariffs) turns into a series of events, and if the increases are larger, that will be important, and what really matters is what happens to long-term inflation expectations." Powell also pointed out that in 2019, the Federal Reserve had actually cut interest rates three times in response to the first tariffs imposed by the Trump administration and the economic slowdown that followed, "This is the result of these broad changes in economic policy, and not just tariffs."

ChainCatcher message, trader Eugene Ng Ah Sio posted: "Today, my team and I discussed the issue of buying at the bottom in a high time frame (HTF) ------ I believe it is impossible to do this with complete confidence.When I say that a price like 75k is a zone worth paying attention to, it is almost always in reference to a bounce in the low time frame (LTF). I would never say under any circumstances that this is a make-or-break price, or that I would fully load up at this level without setting any stop-loss points.You can never determine in real-time what constitutes a bottom; you will only know in hindsight. Therefore, to preserve capital, one should monitor when key ranges are reclaimed to moderately increase risk, rather than holding the line at prices like 80k, 60k, 40k, or 20k.Of course, you might miss the first wave of the rally, but if that truly is the bottom, you won't mind too much because there is an entire bull market ahead of you. And you have preserved your principal ------ that is what truly matters in a bear market."

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) announced today the list of members for its cryptocurrency working group, which will provide recommendations to the Commission on cryptocurrency-related matters.The working group is composed of members from the Office of the Acting Chair and other divisions of the Commission. SEC Commissioner Hester Peirce stated, "The cryptocurrency working group demonstrates deep expertise and a strong commitment to finding workable solutions to complex cryptocurrency regulatory issues with the help of other excellent staff at the Commission and the public."

ChainCatcher news, according to the Argentine presidential office: "On October 19, 2024, President Javier Milei met with representatives of KIP Protocol in Argentina. During this meeting, the company representatives presented the president with their intention to develop a project called 'Viva la Libertad' ('Long Live Freedom'), which aims to utilize blockchain technology to provide financing for private enterprises in Argentina.This meeting has been officially recorded in the public hearing registry, with participants including the national president, KIP Protocol representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.In this context, on January 30, 2025, the president met with Hayden Mark Davis at the Casa Rosada (Rose Palace). According to the introduction by KIP Protocol representatives, Mr. Davis will provide the technical infrastructure for the project. Mr. Davis has had no prior association with the Argentine government, nor has he established any relationship with it; he was referred as a project partner by representatives of KIP Protocol.Finally, yesterday, the president posted a message on his personal social media account announcing the launch of the KIP Protocol project, similar to his usual support for many entrepreneurs looking to start projects in Argentina to create jobs and attract investment. Due to the widespread attention the project launch received, and to avoid any speculation and reduce further dissemination, the president decided to delete this post.In light of the above, President Javier Milei has decided to immediately refer this matter to the Anti-Corruption Office (OA) to determine whether there has been any misconduct by any members of the national government, including the president himself, in this incident.Additionally, the national president has decided to establish an investigative task force (UTI) under the presidential office, which will consist of representatives from institutions and departments related to cryptocurrency, financial activities, money laundering, and other relevant fields, to consolidate information for an urgent investigation into the release of the cryptocurrency LIBRA and all related businesses or individuals.All information collected during the investigation will be handed over to the judicial authorities to determine whether any businesses or individuals associated with the KIP Protocol project are suspected of criminal activity.President Milei has demonstrated his commitment to the pursuit of truth through concrete actions and has pledged to thoroughly investigate this incident until the truth is revealed."

ChainCatcher news, according to The Block, Matter Labs co-founder and CEO Alex Gluchowski stated that he expects the ZKsync community to begin discussions on optimizing the ZKsync token in the near future and will add more features, such as a value accumulation mechanism, while the interoperability between ZK-based blockchain networks opens up a new dimension for its implementation.

ChainCatcher news, according to FTX creditor representative Sunil, FTX has sent emails to creditors with claims under $50,000, notifying them about the initial allocation of funds. These creditors need to register through allocation service providers (such as Bitgo or Kraken) and authorize the service providers to receive and disburse the allocated funds on their behalf. Currently, FTX has transferred the first batch of funds to these allocation service providers.At the same time, some creditors have reported disputes regarding the status of their claims on the FTX creditor portal. It is reported that creditors with claims under $50,000 still have approximately $345 million in claims that have not completed KYC verification.Previously, it was announced that FTX would start repaying creditors on February 18, 2025.

ChainCatcher news, Bloomberg analyst James Seyffart posted on X platform: "I believe it is just a matter of time before the SEC approves a Solana or XRP ETF, rather than a question of 'if', but a Litecoin ETF may be approved first------mainly because the SEC has not charged Litecoin as a security."

ChainCatcher message, the NEAR Infrastructure Committee has released the 2025 plan. It mentions:Continuing to support last year's infrastructure and ongoing commitments, including but not limited to the aforementioned wallets, Fast NEAR, and NEARBlocks;Establishing working groups to manage accounts, actively respond to proposals, seek innovations, and draft tenders;NEAR single sign-on from NEAR wallet to Solana applications, on-ramps and off-ramps; supporting the development of tools and services to make NEAR more accessible and interoperable with other blockchain ecosystems (multi-chain resource explorers, oracles, Omnitoken, Omnibalance support);Investing in infrastructure.

ChainCatcher message, Robert Kiyosaki, the author of "Rich Dad Poor Dad," posted on X: "The global economic collapse has begun. Europe and the United States are both in recession. Is the Great Depression coming?Use your money wisely. Protect your job and wealth. The biggest problem is our leaders and educators. As I often ask, 'What does school teach you about money?'Regardless of the direction of the economy, gold, silver, and Bitcoin retain their value. For many, an economic collapse is the best time to get rich. I plan to become richer. I also hope you become richer and smarter. Take care."

ChainCatcher news, Ethereum Foundation researcher Justin Drake posted on X that today marks the four-year anniversary of the Ethereum Beacon Chain's launch. In its initial phase, only 500,000 ETH were staked. Although it did not provide direct benefits to users at the beginning, it has gradually grown into one of the most powerful foundations in blockchain history.Looking ahead, Drake believes Ethereum has the opportunity to become the settlement layer of the value internet. Although the Beacon Chain is still not perfect, the upgrade path in the coming years will remain challenging, including improvements in censorship resistance and MEV handling, reducing staking deposits, increasing finality speed, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security. Additionally, outside the consensus layer, there is hope to achieve complete sharding in the data layer and native Rollup in the execution layer.Drake stated that many L1 improvements will be gradually released in the coming years, and enhancements like post-quantum security may require a complete redesign. L2 solutions will provide significant performance improvements within months, including fast user experiences, low fees, unlimited throughput, and synchronous composability.

ChainCatcher message, Solana co-founder Toly stated in response to a community member's question: "ZK is slower than traditional computation. Therefore, since there are no religious reasons limiting the capacity of full nodes, Solana is always faster than ZK." In response, ZKsync developer Matter Labs CEO Alex Gluchowski said: "ZK is always faster than Solana because it is protected by mathematics rather than validators, which means one or a few validators (for redundancy) are sufficient, without needing to wait for thousands of nodes to reach consensus."

ChainCatcher news, according to Fortune, U.S. President-elect Donald Trump has announced the appointment of billionaire Elon Musk and Vivek Ramaswamy to lead the newly established "Department of Government Efficiency" (D.O.G.E). The department's name is a nod to Dogecoin and will work with the White House Office of Management and Budget to promote structural reforms in government.Ann Skeet, Director of Leadership Ethics at Santa Clara University's Markkula Center, pointed out that Musk's business interests are in direct conflict with government interests. Musk's companies have close ties to the government: SpaceX holds over $4 billion in NASA lunar program contracts; Tesla benefits from government tax incentives and is also subject to automotive safety regulations; the social platform X is facing investigations by the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC); other businesses like the artificial intelligence company xAI, brain-machine interface company Neuralink, and tunneling company Boring all intersect with federal regulation.Richard Painter, a former White House ethics lawyer during the Bush administration, stated that if DOGE operates as a government agency, Musk would need to divest his business interests or recuse himself from related matters, unless Trump grants a rare exemption. Automotive safety advocates are concerned that efficiency reforms led by Musk could undermine the functions of regulatory agencies like the National Highway Traffic Safety Administration (NHTSA).

ChainCatcher news, according to The Block, kyBridge Capital CEO Anthony Scaramucci expressed an optimistic prediction for Bitcoin, stating that regardless of who becomes president, Bitcoin will rise.Considering the market's potential reaction to the victory of Donald Trump or Kamala Harris, if Trump wins, Bitcoin may rise in the short term, as he is generally seen as a deregulator who could overturn many of the Biden administration's policies, but Harris has also expressed support for blockchain and Bitcoin.

ChainCatcher news, according to The Washington Post, Google CEO Sundar Pichai sent an urgent email to all employees on Monday, November 4, emphasizing that Google must maintain its status as a "trusted source of information" regardless of the election outcome. This move comes after Trump claimed that Pichai personally called to discuss his search popularity and threatened to sue Google for alleged election interference.Compared to the strict content moderation of 2020, major tech companies are retracting. YouTube now allows the posting of election fraud claims, while Meta has reduced the visibility of political content. Silicon Valley seems to be focused on avoiding conflicts with Trump supporters, who have previously been accused of bias.

ChainCatcher message, Sonic Labs (formerly Fantom) co-founder Andre Cronje stated: "The real cost of running a blockchain (even a semi-successful one) for all L2s or application chains is as follows: the upfront cost for oracles and stablecoins is $7.5 million, with an annual cost of $3.5 million; the upfront cost for RPC, indexing, and dashboards is $200,000, with an annual cost of $700,000; VRF, Keepers, wallet support, and governance cost $500,000 annually; explorers, custody, and risk management cost $800,000 annually, totaling $13.2 million. The above applies only to Sonic.Here is our cost situation from last year: R&D $10.9 million; ecosystem $10.7 million; legal $410,000; compliance $3.8 million; infrastructure $2.4 million; marketing $1.4 million; bounties $1.2 million; sponsorship $400,000; media $350,000; regulation $200,000; events $100,000; total cost $35.6 million. (The above does not include exchange listings, fortunately, we do not need to do this this year.)"

According to ChainCatcher, as reported by CoinDesk, FalconX has returned 1.35 million SOL to Binance, and both parties confirmed in a statement that the matter has been fully resolved.Previous news, FalconX has held 1.35 million Solana (SOL) since 2021, but it was unclear to whom these tokens belonged. It is reported that these tokens belong to Binance, and Binance recently requested FalconX to return them, with the current value of these tokens being approximately $190 million. It remains unclear why FalconX was unable to track the cryptocurrency, and why Binance itself seemingly did not track these funds over the years.

ChainCatcher message, crypto analyst PlanB expressed his views on the X platform, stating that "60,000 dollars is the new 10,000 dollars," implying that Bitcoin's current price behavior in the 60,000 dollar range may replicate its previous pattern in the 10,000 dollar range.The long-term chart of Bitcoin's realized price shared by PlanB shows that between 2018 and 2020, Bitcoin experienced long-term fluctuations in the 10,000 dollar range. Currently, Bitcoin's price exhibits similar characteristics in the 60,000 dollar range. This similarity may indicate that Bitcoin is about to enter a new significant upward trend, akin to the previous breakout from 10,000 to 60,000 dollars. PlanB emphasized that Bitcoin's price breakout is "just a matter of time."

ChainCatcher news, according to The Block, ZKsync developer Matter Labs has hired former Solana Foundation Vice President of Marketing Meghan Hughes as its new Chief Marketing Officer.It is reported that Hughes previously worked at companies such as Google, Layer, and Box, and helped Box grow from its startup phase to its initial public offering. She has also held significant marketing positions at Facebook, Niantic, and Stripe.

ChainCatcher news, according to Blockworks, the company behind ZKsync, Matter Labs, announced a 16% layoff, affecting 24 employees.It is reported that this is the first layoff since the company was founded six years ago and is part of Matter Labs entering the decentralized "next phase," which requires refining the "right roles in place," aimed at ensuring the company has the appropriate roles and personnel to effectively accomplish its mission.Matter Labs CEO Alex Gluchowski clarified that the decision for layoffs is not due to the company's financial situation, and the company still plans to conduct "strategic hiring."