ChainCatcher message, Three Arrows Capital co-founder Zhu Su posted on social media: "The current rise of HYPE is mainly driven by its L1 narrative, but my bullish reason is that it has captured a portion of the U-based perpetual contract market on mainstream trading platforms.Whether it is wise to reserve future supply for future seasons will be my biggest concern."

ChainCatcher news, the DeFi protocol Fluid Protocol under the Instadapp team has released a brand redesign and growth plan proposal, proposing to rename the token INST to FLUID and implement a buyback plan of up to 100% of revenue. The proposal also suggests allocating 12% from the governance fund for growth initiatives while retaining 43% of the governance funds.Fluid plans to launch a series of upgrades in the next 12 months, including launching a DEX on L2, upgrading the ETH Lite Vault, adding more asset support, and launching DEX v2.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale/institution has accumulated AAVE and UNI, which are currently up by 41.34 million USD (+152%).It should have invested in two AI agent tokens on Virtuals Protocol through Wintermute 4 hours ago: transferring 3.1 million USDC to Wintermute and receiving 6.75 million AIXBT (1.92 million USD) and 31.25 million NFTXBT (500,000 USD).

ChainCatcher news, according to The Block, early-stage investment firm Portal Ventures has announced its support for Stacks' 1:1 Bitcoin programmable asset sBTC. The firm plans to launch a series of seminars to explain the role of sBTC in enhancing the capital efficiency of Bitcoin for institutional investors.Portal Ventures recently completed a $75 million second-phase fundraise, with investors including Chris Dixon, Marc Andreessen, Henry Kravis, and well-known institutions like Accolade and Theta. Portal Ventures is one of the earliest supporters of the Stacks ecosystem, and Portal Ventures partner Catrina Wang stated that sBTC will become an important bridge connecting Bitcoin and the DeFi ecosystem.

ChainCatcher news, according to Jinshi reports, the Korean won has continued to decline against the US dollar, reaching a two-year low at one point.ChainCatcher previously reported, according to Jinshi reports, South Korean President Yoon Suk-yeol suddenly delivered a televised speech tonight, announcing the implementation of "emergency martial law." Yoon listed several reasons, stating that the opposition party is manipulating the National Assembly and disrupting the country, and he vowed to eliminate "anti-national forces" within South Korea. The specific measures of the martial law are currently unknown.External analysis suggests that the recent push by the opposition party in South Korea for a series of legislation targeting the president's wife and the impeachment of public officials, including prosecutors, may have been the trigger for Yoon Suk-yeol's announcement of "emergency martial law."

ChainCatcher news, according to a report by Jinshi citing the Korean Central News Agency, South Korean Democratic Party leader Lee Jae-myung stated that President Yoon Suk-yeol's declaration of martial law is an unconstitutional act.

ChainCatcher news, according to the Financial Times: Meta Platforms CEO Mark Zuckerberg seeks to play a "constructive role" in discussions with the incoming U.S. government on technology policy. (Jin Shi)

ChainCatcher news, QCP Capital's latest analysis indicates that after Bitcoin's price briefly broke above $97,000, it has retreated to above $95,000. The U.S. government's transfer of 10,000 Bitcoins (approximately $963 million) related to Silk Road has triggered short-term volatility, with the front-end volatility curve in the options market showing that put option premiums are higher than call option premiums.Institutional demand continues to strengthen, with a net inflow of $350 million into spot ETFs yesterday. MARA Holdings purchased $618 million in Bitcoin within two months, following MicroStrategy's investment strategy. Major mining companies like Riot Platform plan to suspend Bitcoin sales and consider expanding their holdings. Meanwhile, there are reports that Microsoft is considering purchasing Bitcoin, highlighting the growing interest of corporations in Bitcoin as a reserve asset.In the macro market, the S&P 500 index has set a new historical high for the 54th time this year. Several Federal Reserve officials have expressed a preference for lowering borrowing costs at the next meeting, but the final decision will depend on the upcoming economic data. Analysts expect that this decision could trigger market volatility during the announcement window.

ChainCatcher news, according to CoinDesk, the tokenized asset exchange 21X running on Polygon has received approval from the German financial regulator BaFin to go live, planning to launch a tokenized financial instruments exchange at its headquarters in the first quarter of 2025. The exchange plans to trade tokenized equities, debt securities, funds, and real-world assets (RWA), such as real estate or artworks that qualify as financial instruments.It is reported that, in addition to BaFin, the Deutsche Bundesbank, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) were also involved in the approval of 21X.

ChainCatcher news, Matrixport's dual-currency investment product officially launches Dogecoin (DOGE), supporting flexible investment periods from 1 to 209 days, with a real-time APY of up to 213.08% (as of December 3, 2024, 10:00, real-time data for reference only).Dual-currency investment is a structured product first launched by Matrixport in the industry, flexibly meeting users' investment needs for buying low and selling high. Currently, Matrixport's dual-currency investment supports 14 types of crypto assets including BTC, ETH, BNB, and DOGE.Founded in 2019, Matrixport is a leading global and Asia's largest one-stop crypto financial service platform, dedicated to creating a super account for users that integrates functions such as crypto asset trading, investment, lending, custody, RWA, and research. Matrixport's asset management and custody volume reaches 6 billion USD.

ChainCatcher news, according to Coindesk, Bernstein stated in a research report on Monday that Ethereum (ETH) has underperformed Bitcoin (BTC) so far this year, but the reversal in fund inflows for Ethereum ETFs may indicate that this period of underperformance could be coming to an end.On Friday, BlackRock's spot Ethereum ETF saw inflows of $250 million, while its spot Bitcoin ETF only had inflows of $137 million. This has created a favorable supply-demand dynamic for ETH.Bernstein noted that staking yields could be another driver for Ethereum. The initial spot Ethereum ETFs did not include staking yields due to regulatory restrictions.

ChainCatcher news, according to 8 Market data, XRP's market capitalization has risen to $137.59 billion, surpassing Pinduoduo (market capitalization of $137.21 billion), moving up to the 138th position among global mainstream assets.

ChainCatcher news, Simon Kim, CEO of South Korea's largest crypto venture capital firm Hashed, pointed out that with the postponement of cryptocurrency taxation in South Korea for another two years, the institutionalization process in the country's cryptocurrency and Web3 sectors is expected to accelerate. Kim listed several anticipated policies, including allowing companies to open cryptocurrency accounts, opening up participation for institutional investors in cryptocurrency investments, permitting the issuance of tokens in South Korea, and releasing a regulatory framework for STO/RWA.Other important policy directions include establishing guidelines related to stablecoins, creating accounting standards for virtual assets, segmenting professional fields such as custody, recognizing cryptocurrency companies as venture capital firms (currently regarded as part of the gambling industry), allowing South Korean exchanges to access overseas users, and lifting restrictions on South Korean companies' investments in overseas blockchain firms.

ChainCatcher news, a WSJ article suggests that once Trump returns to the White House, the U.S. SEC may ease its legal battles against cryptocurrency exchanges. Although Trump has not revealed his choice for the next SEC chairman, rumors suggest that several contenders are vying for the position following Gary Gensler's resignation.The next SEC chairman may come from a group of experienced regulators and legal giants, each bringing unique expertise. Paul Atkins, who served as an SEC commissioner from 2002 to 2008 and currently leads financial consulting at Patomak Global Partners, is considered a strong candidate.Additionally, since 2022, Mark Uyeda has gained attention for his pro-cryptocurrency stance, aligning with Trump's regulatory views. Former Acting Comptroller of the Currency Brian Brooks and former SEC General Counsel Robert Stebbins have also emerged as strong contenders. Legal heavyweights Richard Farley and Norm Champ have also joined the race.

ChainCatcher news, according to Bitcoin.com, Ripple's Chief Legal Officer Stuart Alderoty emphasized that he believes U.S. regulators have meticulously planned to stifle the cryptocurrency industry. In recent years, the cryptocurrency industry has faced significant challenges, which the industry refers to as "Operation Chokepoint 2.0," a coordinated effort by U.S. regulators to restrict banking services related to cryptocurrency businesses.Alderoty recently shared his views on Operation Chokepoint 2.0 on the social media platform X, mentioning a 2012 initiative where, reportedly, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) pressured banks to stop providing services to certain industries.Alderoty believes that cryptocurrency has now become the main focus of similar strategies, noting: "In 2012, regulators (FDIC, OCC, Federal Reserve) used banks as a weapon against unpopular industries (gun shops, payday lenders, etc.) under the initial 'Operation Chokepoint.' Fast forward to 2021: cryptocurrency is the new target."

ChainCatcher news, Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute, pointed out that Bitcoin, as an important component of the digital economy, has gradually transformed from a speculative asset into a mainstream investment tool. Although the long-term trend is positive, short-term market sentiment and speculative capital flows may lead to price corrections, and investors need to be wary of the market risks brought by excessive optimism.The Trump administration's friendly policies towards the cryptocurrency industry will continue to provide strong support for Bitcoin. However, it is important to be cautious, as there may be uncertainties in the specific implementation of these policies. For example, if the new leadership of the SEC takes a conservative stance on Bitcoin, it could lead to a decline in market confidence.

ChainCatcher news, former CFTC Chairman Chris Giancarlo discussed the high-profile lawsuit by the U.S. SEC against Ripple regarding XRP in an interview this week. The SEC alleges that Ripple's issuance of XRP violated securities laws, with a federal court ruling that some of the issuance meets the criteria for securities while others do not.Giancarlo believes that the SEC should reconsider its approach, especially in light of recent legal outcomes and the potentially changing regulatory environment. When asked whether the SEC would drop the Ripple lawsuit, Giancarlo stated: I think they should... I bet they will.