ChainCatcher news, the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) emphasized that even if the Financial Action Task Force (FATF) decides to blacklist Russia, its anti-money laundering system will continue to operate effectively. Previous assessments mentioned issues related to virtual currency regulation, but Rosfinmonitoring insists that these issues have been resolved.According to TASS, the regulatory agency stated: "The Russian Federation has improved its ratings on three FATF recommendations, with only one being downgraded to 'partially compliant' due to insufficient legislative regulation in the field of virtual currency circulation."However, Rosfinmonitoring pointed out that since these assessments, Russia has passed two federal laws to strengthen its digital currency regulatory framework. The agency added: "Since then, the Russian Federation has passed two federal laws regulating the circulation of digital currencies."It is reported that the FATF is an intergovernmental organization that sets global standards for anti-money laundering and combating the financing of terrorism. Whether Russia will be blacklisted will be discussed at the FATF plenary meeting from October 21 to 25.

ChainCatcher news, analysts from the research and brokerage firm Bernstein stated that after a 5% increase on Monday, Bitcoin rose approximately 14% in October, reaching over $65,000. This was driven by the correlation with the rising odds of Donald Trump's election, with MicroStrategy being a leading indicator of a potential bullish breakout.Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia analyzed: "We believe that the recent strength of Bitcoin is due to the correlation of Bitcoin with the rising odds of Trump's election. Although both sides express support for digital assets, the crypto market's bids are stronger due to Trump's increased odds in the election prediction market."

ChainCatcher news, according to Bitcoin.com, after more than a year of negotiations, the Washington State Department of Financial Institutions (DFI) has reached a multi-state settlement agreement with GS Partners. DFI encourages Washington state residents who invested with GS Partners to submit claims through the Gold Standard Bank settlement plan. The portal is expected to open in early November 2024 and will accept claims for a period of 90 days. Investors are advised to prepare relevant documents before submitting claims, such as cryptocurrency wallet addresses, transaction IDs, and deposit records. GS Partners will compensate after verifying eligibility, and payments will be made in cryptocurrency to the investors' crypto wallets.Previously, DFI, along with other state regulators, filed a lawsuit against GS Partners in November 2023, accusing it of violating Washington state securities laws. The allegations involve Swiss Valorem Bank Ltd., GSB Gold Standard Bank Ltd., Josip Heit, and Stephen McNeal, with the focus on their MetaCertificates product and multi-level marketing scheme. This action was coordinated by a multi-state task force, with Canadian securities regulators also involved. Last month, five states—Alabama, Arizona, Arkansas, Georgia, and Texas—reached a settlement agreement with the GSB group.

ChainCatcher news, Bitget announced an update to its listing standards, further strengthening the token review process. All projects intending to list must pass a rigorous comprehensive evaluation, focusing on the token economic model, token supply and distribution, practicality, and the background and qualifications of the development team. In addition, Bitget requires projects to submit detailed business plans and roadmaps. This series of measures aims to enhance platform transparency and trust, safeguard user interests, and mitigate related risks.For newly listed projects, Bitget will focus on evaluating fully diluted valuation (FDV), funding background, token unlock schedules, as well as financial, security, compliance, political, and ethical risks; for tokens that are already circulating, the review will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV; for tokens already listed on other exchanges, the focus will be on smart contract security and token distribution.Bitget's Chief Legal Officer Hon Ng emphasized: "Any project intending to list on Bitget must undergo strict legal and technical reviews to ensure that code quality, security, and compliance meet Bitget's listing standards. These measures are designed to better protect users and avoid high-risk projects; projects that do not meet the standards will not be listed on the platform."Bitget's CEO Gracy Chen stated: "Our goal is to create a safe and trustworthy trading environment. By implementing these strict listing standards, we are not only protecting users but also ensuring that projects on Bitget have long-term development potential. We are committed to further expanding the spot market in the coming years, and these strict standards are an important part of achieving this strategy. In addition to the pre-listing review process, we will also provide ongoing support for quality projects after they are listed, helping them achieve long-term success."This update is part of Bitget's global strategy aimed at enhancing user security and strengthening platform compliance, contributing to the healthy growth of the cryptocurrency industry.

ChainCatcher news, BBH analysts stated in a report that the Federal Reserve meeting minutes to be released tonight may show that some Fed officials opposed a 50 basis point rate cut before being persuaded to vote in favor of the majority. At the meeting on September 18, which initiated the monetary easing policy, Fed Governor Bowman was the only dissenting voice, voting for a 25 basis point cut. Since then, the Fed has hinted at another 25 basis point cut next month, which has provided some support for the dollar. (Jin Shi)

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on social media, "Since the invention of the internet, social media's influence on financial markets has increasingly taken on a religious tone. Elon Musk's Tesla, Satoshi Nakamoto's Bitcoin, and various crypto communities are typical examples.The role of the 'prophet' in religion plays a crucial role in driving asset prices up. Prophets endlessly expand their thoughts about the future, often perceived to have reached a state of enlightenment, and this perceived enlightenment generates blind faith. This faith leads to the formation of religious communities that share the same beliefs. The stronger the followers' faith within the community, the more legitimate the asset is considered, even if it does not generate profits or create social value. This is a stunning phenomenon.Investors must now pay attention to the impact of social media on investment decisions. When evaluating a publicly traded company or token project, it is essential to consider whether there is an influential 'prophet' on social media and how strong their followers' faith is.Companies are rushing to enter social media, trying to form religious communities filled with blind faith. However, not everyone can become a prophet. Most fail to attract followers. Especially in the crypto space, if internal efforts to expand influence fail, they may externally hire Key Opinion Leaders (KOLs) to create false faith. Only a very few projects have succeeded in this regard.The influence of social media on financial markets will continue to grow. As communities are made up of people, this religious tone will deepen. I believe that understanding how religion operates will help in understanding the future of financial markets."

ChainCatcher message, Matrixport released today's research report stating that recently, the minting volume of stablecoins has surged to the highest level since the peak in March-April, indicating that new fiat funds are flowing into the crypto market, which is a bullish signal. In February 2024, a similar surge in stablecoin issuance drove Bitcoin prices significantly higher.If this minting momentum continues, Bitcoin prices are expected to rise further. It is worth noting that since the FOMC meeting on July 31, the pace of stablecoin minting has noticeably accelerated, reflecting an increase in institutional confidence in a low-interest-rate environment, which in turn has boosted optimistic sentiment in the crypto market.

ChainCatcher news, the Guosheng Macro team stated that the Federal Reserve cut interest rates by 50bp, slightly exceeding market expectations. However, Powell's speech was hawkish, stating that this rate cut is not the norm. The dot plot indicates another 50bp cut within the year, while the market expects a total of 75bp cuts this year. Considering historical patterns and the asset performance after this meeting, this significant rate cut should have reinforced market concerns about a U.S. economic recession. It is inclined to believe that, given the time needed to falsify recession expectations and the upcoming U.S. elections on 11/5, major asset prices may experience significant volatility in the short term. Attention should be paid to whether subsequent U.S. data can confirm or falsify recession expectations, as well as the progress of the elections. (Jinshi)

ChainCatcher news, according to market news, U.S. Vice President Harris will attend a campaign event in Farmington Hills at 8 PM Eastern Time on Thursday.

ChainCatcher news, Matrixport released the latest chart report indicating that the capital flow of Bitcoin spot ETFs in the United States has slowed as expected, as September is typically a weak month.However, the recent upward trend of Bitcoin suggests that this month's performance may exceed expectations. With the potential for interest rate cuts in the U.S. and a strong stock market, Bitcoin is expected to perform better than anticipated.As October has historically been a strong month for Bitcoin, investors may take advantage of September's pullback to position themselves for potential opportunities in the fourth quarter.

ChainCatcher news, the DePIN digital resource network infrastructure Titan Network announced the completion of its seed round financing. This round of financing was led by Arrington Capital, with several well-known investment institutions including DePINX participating. This financing will further promote Titan Network's technological research and development and global market expansion in the DePIN field.As an innovator in the decentralized infrastructure network sector, Titan Network is committed to building an open, efficient, and secure digital resource network that matches idle resources in the community with global demand.Industry insiders speculate that due to the rapid growth in demand for decentralized solutions, the next trillion-dollar company could be a DePIN giant similar to Amazon's AWS cloud services.

ChainCatcher message, in response to the community's recent concerns about the "increase in token supply," Self Chain founder and CEO Ravindra Kumar posted on the X platform addressing the doubts and FUD faced after the project's migration from FRONT to SLF.Kumar emphasized that Self Chain is not a new team taking over, but rather the original team has undergone a strategic transformation, expanding from a wallet project to a Layer 1 blockchain based on Cosmos-SDK. Regarding the increase in token supply, Kumar explained the distribution of the total supply of 360 million: 36 million permanently locked for foundation nodes, 90 million migrated from FRONT to SLF, 10 million allocated to new investors as validators (18-month lock-up period), 36 million allocated to equity investors (36-month lock-up period), 30 million allocated to the core team (6-year lock-up period), and 68 million for the ecosystem (released at 1.5 million per month).Kumar stated that the increase in supply aims to enhance network security, prevent 51% attacks, and attract more investors and validators to participate.

ChainCatcher news, according to CoinDesk, the crypto lending platform MakerDAO will allow MKR holders to convert their tokens into the newly issued NewGovToken (NGT) tokens. Holders will be able to exchange 1 MKR token for 24,000 NGT tokens, and MakerDAO hopes this will increase governance participation, as users will hold a larger number of NGT tokens.In addition to launching NGT, MakerDAO also announced NewStable (NST), a new stablecoin that will be pegged to DAI at a 1:1 ratio. Both DAI and MKR will remain available, and the conversion is optional.

ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that throughout this bull market cycle, ETH has underperformed compared to SOL and BTC, with the most important reason being the current market position of ETH.Since the launch of the ETH ETF, the inflow of funds has been disappointing, leading to only the arbitrage buyers of ETHE becoming the ultimate winners. Most positions that were optimistic about the future have been shaken out during the price fluctuations. Currently, the ETH market is facing extreme negative sentiment and large OG whales capitulating. This suggests that ETH's current positioning may be at its lowest point ever.Additionally, Eugene believes that the weakening of competitor SOL is another reason. SOL's unique selling point lies in the boom of meme coins, which is now being challenged. Currently, two other ecosystems have launched Pumpfun clones, and some popular meme coins have emerged. Coupled with the fact that SOL ETF will not appear for some time, there is currently skepticism in the market about a large number of SOL long positions being liquidated.While these factors may not be enough to trigger a significant rise in ETH, sometimes all it takes is a "last-minute push" to spark a larger market movement. Only time will tell if it is too early to draw such conclusions now, or if this marks the beginning of a long-term structural bullish shift. But if this is indeed such a turning point, then it will no longer be possible to buy ETH at today's prices.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted data on social media stating that during the last Bitcoin halving cycle, the bull market surge began in the fourth quarter, and the whales will not allow the fourth quarter to perform poorly.