ChainCatcher news, Trump's economic advisor Kevin Hassett stated in an interview that it is a reasonable move for the Federal Reserve to cut the main interest rate by 50 basis points instead of 25 basis points, as data shows that the job market is weakening. He believes that a significant rate cut is justified based on the data at the time, as economic growth has slowed considerably.Hassett agrees with Trump's view that the Federal Reserve has taken "political actions" in recent years. He stated, "I think it is reasonable to believe that the Federal Reserve has not been as independent as it should be." He mentioned the Federal Reserve's decision to raise rates in December 2016 before Trump's inauguration, despite the fact that "the data did not support a rate hike." He added that later, during "the Democratic administration's fiscal policy going out of control, the Federal Reserve did not take action."However, Hassett denied concerns that Trump would attempt to undermine the independence of the Federal Reserve in a second term. He stated, "I believe President Trump supports an independent Federal Reserve, but he also wants his voice to be heard, and he hopes there are truly independent people there."

ChainCatcher news, ARK Investment Management believes that technological innovation, particularly artificial intelligence and blockchain technology, could play a key role in revitalizing the global economy.As inflation shifts to deflation in multiple sectors, ARK Invest believes that robotics, energy storage, artificial intelligence, blockchain, and multi-OMIC (biological analysis) sequencing may have a significant impact on macroeconomic indicators in the next five to ten years. Catherine Wood stated that interest rates may be lower than expected, which could amplify the gains of certain stocks and enhance the demand for diversified artificial intelligence investments.

ChainCatcher news, on Tuesday local time, former U.S. President and Republican presidential candidate Trump accepted a media interview, stating that if he could return to the White House, his core policies would focus on economic growth and bringing businesses back to the United States.Trump vigorously defended high tariffs, believing that this is a way to stimulate economic growth. In his opening remarks, Trump claimed he would impose tariffs on imported goods and reduce taxes for domestic businesses. "For me, the most beautiful word in the dictionary is tariff."

ChainCatcher message, independent researcher Chen Jian posted on X that there are currently two main ways to address the fragmentation of Ethereum liquidity. One is chain abstraction, which involves adding another chain on top of all L2s to route transactions, and the other is to solve it in a "cluster" manner, that is, placing a hub below L2 to route transactions, or what is called a shared sequencer.For example, OP Superchain follows this idea, and puffer finance's Based Rollup has a similar approach, but it is more fundamentally native, allowing Native Staking Ethereum layer nodes to receive all Layer2 transactions in advance through AVS-protected pre-confirmation.In fact, technically solving Ethereum fragmentation is relatively easy; the main bottleneck lies in the economic game theory aspect. On one hand, the Ethereum Foundation needs to be more assertive and united, and on the other hand, a balance needs to be found in terms of mutual benefits and win-win scenarios.

ChainCatcher news, Sonic Labs has released a simplified version of its white paper (Litepaper), disclosing that it is introducing token economics based on community governance proposals. The key points are as follows:Upon official launch, the circulating supply of S will be approximately 2.88 billion tokens, with a total supply of 3.175 billion tokens, comparable to the supply of FTM; six months after the launch, the network will allocate 6% of the initial total supply for airdrops to reward Opera and Sonic users, with vesting occurring within nine months after the airdrop; six months after the launch, the network will mint 1.5% of the initial total supply annually over six years to fund growth and will burn any unused tokens; starting four years after the launch of Sonic, the annual inflation rate will be 1.75% to reward validators.

ChainCatcher news, Trump's economic advisor stated that a potential new government will support a strong dollar or limit the rise of cryptocurrencies. (Jin Ten)

ChainCatcher news, according to CoinDesk, Trump's economic advisor Scott Bessent stated in an interview with the Financial Times that a potential Trump administration is unlikely to deliberately devalue the dollar and will support a strong dollar policy. Bessent believes that sound economic policies will naturally lead to a strong dollar and mentioned that Trump's proposed tariffs of up to 20% on imported goods will ultimately be weakened.Although Trump is seen as pro-cryptocurrency, a strong dollar policy may limit the gains of risk assets priced in dollars, such as cryptocurrencies. Bessent is the founder of the global macro investment firm Key Square Group and is considered a leading candidate for Trump's Secretary of the Treasury position. As the November 5 election approaches, prediction markets show Republican candidate Trump is narrowing the gap with Democratic opponent Kamala Harris.

ChainCatcher news, last week the U.S. September CPI and PPI data were released one after another, sending somewhat mixed signals to the market. However, the overall data reflects that inflationary pressures still exist, and a 25 basis point rate cut by the Federal Reserve next month has almost become a certainty.According to 4E monitoring, last Friday's unexpectedly flat PPI data led to a collective rise in the three major U.S. stock indices, with both the Dow Jones and S&P 500 indices hitting intraday all-time highs. Last week, the Dow rose 1.21%, the S&P 500 gained 1.11%, and the Nasdaq increased by 1.13%, marking the fifth consecutive week of gains for all three indices. The cryptocurrency market followed the rise in U.S. stocks, with Bitcoin climbing back above $62,000, closing at $62,659, with a weekly decline narrowing to 1.82%. Ethereum was reported at $2,455, with a weekly decline narrowing to 1.47%.In the forex commodities sector, the U.S. dollar index continued to rebound last week, rising 0.4%, leading to declines in most non-U.S. currencies. Affected by the escalating tensions in the Middle East, international oil prices rose for the second consecutive week, with U.S. oil gaining 1.6% over the week and Brent oil rising 1.3%. The fluctuating dollar also drove spot gold further towards its historical high, with a slight increase over the week; COMEX gold futures were reported at $2,674.2 per ounce, with a cumulative increase of 0.04% for the week.This week, U.S. economic data is relatively calm, and corporate earnings reports may become a bigger focus. As the new earnings season kicks off, U.S. stocks may face tests. Recently, the most dangerous news for the cryptocurrency market is the possibility of the U.S. government selling 69,000 Bitcoins (approximately $4.2 billion). Additionally, with only a few weeks until the U.S. elections, the tight election situation adds a lot of uncertainty to the market.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex. Recently, it launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Bitcoin.com, JPMorgan CEO Jamie Dimon expressed a cautious outlook on the economic prospects during the company's Q3 2024 earnings call. He emphasized concerns about global instability: "We have been closely monitoring the geopolitical situation for some time, and recent events indicate that the situation is very dangerous and is worsening."He added, "Humanity is suffering greatly, and the consequences of these situations could have profound impacts on short-term economic outcomes, and more importantly, on the course of history." He stressed that as geopolitical tensions escalate, widespread chaos may occur, warning that this could have serious repercussions for global markets.Dimon also discussed issues facing the U.S. economy. He acknowledged that while inflation is cooling and the U.S. economy remains strong, some potential risks still exist. He stated, "Several key issues remain, including massive fiscal deficits, infrastructure needs, trade structural adjustments, and global remilitarization."He emphasized the necessity of staying vigilant and urged preparedness for unpredictable economic changes. "While we hold out the best hopes, these events and the pervasive uncertainty indicate why we must be prepared for any environment," he concluded.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Logan stated that the economic outlook still has "significant uncertainty," supporting the decision for the Federal Reserve to lower interest rates in September. There are notable risks that inflation may remain significantly above 2%, leaning towards a "more gradual path" back to normal interest rate levels.

ChainCatcher message, according to a report released by Binance Research, in September 2024, driven by the positive development of the global economy, the cryptocurrency market grew by 8%. The Federal Reserve lowered interest rates to 4.75%-5%, improving investor sentiment. Additionally, the People's Bank of China injected 1 trillion yuan into the banking system to address deflationary pressures and boost consumer confidence. These measures supported the rise of the U.S. and Chinese stock markets, which in turn propelled the cryptocurrency market's increase in October.On September 27, in response to deflationary pressures and a sluggish real estate market, the People's Bank of China lowered the seven-day reverse repurchase rate by 20 basis points and reduced the reserve requirement ratio by 50 basis points. This move injected 1 trillion yuan (approximately 142.5 billion USD) into the banking system to boost consumer confidence. A favorable macroeconomic environment stimulated the rise of major stock markets in the U.S. and China, further supporting the increase of the cryptocurrency market in October. However, it remains crucial to closely monitor future economic reports and central bank actions.

ChainCatcher news, renowned economists Tyler Cowen and Alex Tabarrok recently suggested in a podcast that Ethereum founder Vitalik Buterin should be a strong candidate for the Nobel Prize in Economics.Cowen praised Vitalik's significant contributions to the field of cryptocurrency economics, believing that his achievements far surpass those of other economists. He stated, "Vitalik has built a platform and created a currency that can be said to refute Mises' regression theorem. Although he developed it based on Nakamoto's work, his accomplishments undoubtedly reach the level of a Nobel Prize."

ChainCatcher news, JPMorgan CEO Jamie Dimon stated that economic growth is the focus, not just placing business people in that position. (Jin Ten)

ChainCatcher news, according to Bitcoin.com News, the mayor of Rockdale, Texas, Ward Rodam recently published an article in the Austin American-Statesman, outlining the important role of the Bitcoin mining industry in the local economic recovery. Mayor Rodam likened Bitcoin mining to a "digital oil well," believing it has the potential to drive economic revitalization in rural areas across Texas, with an impact comparable to the former oil boom.According to Mayor Rodam, since the closure of the city's largest employer, the Alcoa aluminum plant, in 2008, the Bitcoin mining industry has utilized the legacy energy infrastructure to inject new economic vitality into Rockdale. This is reflected in several aspects:Job Market: Bitcoin mining companies have created hundreds of jobs locally, providing residents with high-paying employment opportunities;Fiscal Revenue: Mining companies have become one of the main sources of tax revenue for Milam County and the local school district;Community Development: These companies actively participate in local charitable initiatives, including establishing scholarships, supporting police and fire departments, and sponsoring youth sports and chamber of commerce activities;Economic Investment: Bitcoin mining companies have cumulatively invested over $1 billion in Rockdale.Mayor Rodam emphasized that Bitcoin mining enterprises demonstrate deep engagement and long-term commitment to the communities in which they operate. He called on Texas lawmakers to fully recognize the positive impact of the Bitcoin mining industry and create a favorable policy environment for its development. The mayor stated, "Texas leaders should fully understand the economic benefits of Bitcoin mining. If we can provide appropriate policy support for its development, Bitcoin mining is expected to become a new growth point driving the revitalization of Texas's rural economy."

ChainCatcher news, according to a Binance announcement, the total supply of Scroll (SCR) tokens is 1 billion, with an initial circulating supply of 190 million (accounting for 19% of the total supply). Scroll's smart contract will be deployed on the Scroll network. The total reward for Launchpool is 55 million SCR, accounting for 5.5% of the total token supply. Among them, 85% of the rewards (46.75 million SCR) are allocated to the BNB pool, and 15% of the rewards (8.25 million SCR) are allocated to the FDUSD pool.

ChainCatcher news, according to The Block, JPMorgan analysts have pointed out several key factors that may affect the cryptocurrency market in the coming months, mentioning technologies, geopolitical issues, and structural events that could drive price volatility. In a research report released on Monday, analysts discussed the seasonal "Uptober" trend, the Federal Reserve's interest rate cuts, the approval of Bitcoin ETF options, and the upcoming Ethereum upgrade known as Pectra.One key conclusion of the report is that October has historically shown strong performance, often referred to as "Uptober," with over 70% of Octobers yielding positive returns for Bitcoin. The analysts wrote, "Although past performance is not indicative of future results, we believe the popularity of 'Uptober' could influence behavior and lead to positive Bitcoin performance this October." Despite the recent interest rate cuts by the Federal Reserve, the analysts noted that the broader cryptocurrency market has yet to see the anticipated positive effects; while a rate-cutting environment typically supports risk assets, the correlation between total cryptocurrency market capitalization and the federal funds rate remains weak at 0.46. Since the Fed's rate cut on September 18, we have not seen a significant rise in cryptocurrency prices due to the cuts, and the market may be waiting for more sustained stability before making a decisive shift.Additionally, the analysts acknowledged that it is difficult to accurately predict how cryptocurrencies will respond to interest rate cycles due to a lack of historical data. Another potential catalyst is the recently approved spot Bitcoin ETF options trading. The analysts expect this could deepen market liquidity and attract new participants. This development could initiate a positive feedback loop, enhancing market structure and making digital assets more accessible to institutional investors. The upcoming Ethereum upgrade, referred to as "Pectra," is also seen as a significant development.The analysts stated, "While Pectra is expected to have a transformative impact on Ethereum's functionality, we believe this upgrade is more structural than a direct price catalyst. The long-term impact of Pectra will be to improve Ethereum's operational efficiency and adoption rates, but it is unlikely to trigger a short-term surge in Ether prices."The analysts concluded that the cryptocurrency market is currently in a wait-and-see mode, looking for clearer macroeconomic or structural catalysts to drive sustained growth. They stated, "We continue to see the crypto ecosystem becoming increasingly sensitive to macro factors, so we are waiting for the next major catalyst to drive the ecosystem's development and enhance retail participation for long-term growth."

ChainCatcher message, BCA Research believes that the rise in risk appetite may not be sustained, as China's latest stimulus measures have failed to generate a significant bullish "credit impulse" like in the past two decades (including 2015). Between 2000 and 2020, when the Chinese real estate market was booming, there was potential to introduce an exponential credit curve into the real estate and construction boom. However, now, due to the lack of alternative productive uses for credit of the same scale, it will be difficult to generate the same massive credit impulse.It is reported that the credit impulse refers to the percentage of new credit flows issued through loans and other debt instruments relative to the Gross Domestic Product (GDP). Since the 2008 financial crisis, analysts have closely monitored China's credit impulse as a leading indicator of global economic growth and a rebound in risk appetite. Historically, the resurgence of this indicator has coincided with the bottoming of the Bitcoin bear market.During the last major bullish easing cycle in 2015, the credit shock peaked at 15.5 trillion yuan, equivalent to 15% of GDP. At that time, the Chinese stock market, represented by the CSI 300, more than doubled in six months, while Bitcoin bottomed around $100, subsequently rising in a two-year bull market and peaking near $20,000 in December 2017.

According to ChainCatcher news, Binance will introduce risk warning banners and pop-up notifications for these tokens on the platform. Users will first need to confirm the pop-up notification to trade tokens that have significant changes in their economic models.At the same time, Binance will also introduce risk warning banners and pop-up notifications for the following tokens that have had significant changes in their economic models in the past 18 months, including: Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP), Vanar Chain (VANRY).In the future, if any token listed on Binance experiences significant changes in its economic model or a substantial increase in supply, the risk warning banners and pop-up notifications will also apply.