ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

ChainCatcher news, Microsoft stated that after the antitrust ruling against Google, the company will allow people to purchase games through the Xbox APP on the Android platform in November.

ChainCatcher news, according to Cointelegraph, French video game company Ubisoft has announced the launch of its first Web3 technology game, Champions Tactics: Grimoria Chronicles, which will be released on October 23 and will be deployed on the Oasys Layer 2 Home Verse, a blockchain-driven Web3 gaming ecosystem.It is reported that this Web3-enhanced game will use the "Forge" system, allowing players to customize their champions to create new champions.

ChainCatcher message, ether.fi posted on social media that they are conducting regular maintenance on OFT. The weETH bridging on Stargate will be unavailable for approximately 2 hours, and updates will be provided when the bridging is restored.

ChainCatcher news, according to Decrypt, gaming giant Ubisoft will launch 10,000 NFTs on Arbitrum through Magic Eden in the coming weeks. These NFTs will allow holders to get an early experience of the upcoming shooting game "Captain Laserhawk: The GAME."It is reported that the game is set in a dystopian world, inspired by the Netflix series "Captain Laserhawk: Blood Dragon Remix" (which itself is inspired by Ubisoft's "Far Cry 3: Blood Dragon"). This multiplayer competitive game is expected to include iconic characters from "Assassin's Creed." Ubisoft Web3 executive producer Didier Genevois stated in a press release, "By integrating Web3, we enable our community not only to play games but also to shape the future of gaming."ChainCatcher previously reported, according to Venturebeat, that the Arbitrum Foundation and Sequence are collaborating with Ubisoft Labs to develop the Web3 game "Captain Laserhawk: the G.A.M.E." The game is planned to be built on Arbitrum, while Sequence will provide essential blockchain tools to enhance the scalability and speed needed for the growing and active community.

ChainCatcher news, according to The Information, informed sources say that SoftBank's Vision Fund has agreed to invest $500 million in OpenAI's latest funding round, which values OpenAI at $150 billion pre-investment.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "It's usually not a price target, so I will provide a price range at the end of the cycle (assuming Trump wins the election + (U.S. economy) soft landing):BTC: $100,000 - $200,000;ETH: $4,000 - $6,000;SOL: $500 - $1,000;Total cryptocurrency market cap: $5 - $10 trillion."

ChainCatcher news, according to The Wall Street Journal, informed sources revealed that Apple (AAPL.O) recently withdrew from negotiations for OpenAI's current round of financing, which is set to conclude next week. Two other tech giants, Microsoft (MSFT.O) and Nvidia (NVDA.O), have been in talks to participate in this round of investment.According to insiders, Microsoft is expected to invest about $1 billion, which is an additional investment on top of the $13 billion it has already invested.It is reported that on August 30, Apple was negotiating to join OpenAI's new round of financing.

ChainCatcher news, last week, Federal Reserve Chairman Powell's decision to cut interest rates by 50 basis points was seen as a "show of strength." Nick Timiraos, a reporter for the Wall Street Journal known as a mouthpiece for the Fed, stated that whether the Fed's rate cut can achieve a soft landing for the economy depends not only on how much weakness exists within the U.S. economy but also on whether lower borrowing costs can stimulate new investment and spending to offset any economic slowdown.Timiraos believes that the Fed faces the risk that the current easing cycle may encounter challenges in transmitting to the broader economy similar to those faced during the Fed's recent rate hike cycle. Last week, the Fed lowered its short-term benchmark interest rate by 50 basis points to a range of 4.75% to 5%. Most officials expect another 50 basis point cut by the end of December, which would bring the benchmark rate down to a range of 4.25% to 4.5%. (Jin Shi)

ChainCatcher news, the President of the Monetary Authority of Macao, Chan Sau San, revealed the preliminary plan to launch a "Digital Macanese Pataca" in both soft and hard wallet forms. The "hard wallet" can take the form of a "card" and may even be integrated with smart devices, making it convenient for the elderly and children to use; the "soft wallet" will be launched as a mobile application.Chan Sau San stated that the "Digital Macanese Pataca" will have the same legal status as cash, and scenarios where cash is used can be applicable for payment with the "Digital Macanese Pataca." The wholesale level of the "Digital Macanese Pataca" is primarily intended for regulated financial institutions, involving applications for transfers and financial transaction settlements.

ChainCatcher news, Zhu Su posted on social media that due to technologies like Claude and Cursor, the cost of developing software is rapidly approaching zero, which is very beneficial for the application layer in the crypto space.

ChainCatcher news, Bank of America’s renowned strategist Hartnett pointed out that the current market reaction to a 50 basis point rate cut by the Federal Reserve seems to be following the script of "soft landing" or "panic rate cuts." The U.S. stock and credit markets are digesting expectations of a 250 basis point rate cut by the Federal Reserve by the end of 2025, along with an 18% growth in earnings for S&P 500 constituents. "The risks haven't improved much, so investors are forced to chase the 'uptrend,' and the 'bubble risk' is making a comeback."Regarding the reasons for this euphoric rise, Hartnett explained in his latest report that when there is no panic (at least not yet), Wall Street's favorite is "panic rate cuts." At the same time, the Federal Reserve hopes to cut rates by 50 basis points so that real interest rates can decline from their highest levels this century, preventing layoffs in the small business sector that is already in recession.

ChainCatcher message, CICC research report points out that, from the perspective of the interest rate decision, the Federal Reserve has taken a more aggressive cut of 50 basis points than we expected. The monetary policy statement indicates that recent inflation data has given decision-makers more confidence in achieving the 2% inflation target. The Fed's actions suggest that its reaction function has completely shifted from focusing on inflation to focusing on employment.We see this as a signal that the Fed has a low tolerance for rising unemployment rates, and officials do not want to risk undermining the favorable prospect of a "soft landing." Based on Powell's statements, we believe that any unemployment rate exceeding 4.4% in the future could trigger further rate cuts. This also indicates that the Fed will maintain a "dovish" stance until employment market data stabilizes. Looking ahead, the likelihood of a soft landing for the economy in the short term will further increase due to the Fed's more significant rate cuts.

According to ChainCatcher news, citing sources from the Financial Times, BlackRock is planning to launch an artificial intelligence investment fund exceeding $30 billion in collaboration with tech giant Microsoft, which will establish data centers and energy projects to meet the growing demand for electricity and infrastructure from artificial intelligence.BlackRock will jointly launch this fund with its new infrastructure investment division, Global Infrastructure Partners, making it one of the largest investment vehicles in Wall Street history. Microsoft and Abu Dhabi-backed investment firm MGX are the general partners of the fund. Sources also indicated that chip manufacturer Nvidia will provide expertise. According to insiders, the investment vehicle aims to address the enormous demand for electricity and digital infrastructure required to build AI products. The computing power of artificial intelligence requires more energy than previous technological innovations, and existing infrastructure is expected to face severe capacity bottlenecks in the coming years.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) seems to have made concessions in its proposed crypto accounting policy SAB 121.According to an analysis by Galaxy's research director, the SEC's chief accountant Paul Munter has proposed some exemptions that allow bank holding companies and introducing brokers to circumvent the custody provisions in SAB-121.If banks obtain written permission from state regulators to custody customer assets in a bankruptcy-remote manner, clearly specify standards in contracts, and conduct regular risk assessments, they can avoid the reporting requirements of SAB-121. Introducing brokers can also be exempt from SAB-121 requirements by meeting three conditions. Brokers cannot hold customers' private keys, cannot act as a third party or agent for introducing brokers in transactions. Introducing brokers must obtain a legal opinion stating that they qualify as introducing brokers under the digital asset exemption conditions.

ChainCatcher news, LayerZero announced on X that Beyond now supports connecting Bitcoin L1 to over 80 chains via LayerZero. Starting today, users can transfer assets from Bitcoin L1 to chains such as Solana, Base, and Arbitrum using LayerZero's OFT standard.

ChainCatcher news, Puff announced on X that the mainnet pool has been successfully deployed and has officially entered Ethereum's "dark forest" by upgrading to LayerZero's OFT technology.According to the Web3 asset data platform RootData, Puff is a meme project, represented as a young dragon that resonates with the cryptocurrency community - it is half black/fallen and half gold/ordered. Puff's origin took place in a secret mETH laboratory, where mETH, driven by greed, attempted to excessively increase the yields of mETH crystals.

ChainCatcher news, according to BusinessInsider, Peter Berezin, the Chief Global Strategist at BCA Research, recently wrote that investors should prepare for a potential recession in the U.S. economy, as the Federal Reserve may not be able to save the economy, and investors' strategies should change accordingly.Peter Berezin pointed out that the Federal Reserve may not be able to save the economy. Previously, the economy fell into recession within a few months after the central bank began cutting interest rates in January 2001 and September 2007. Currently, the market expects the Federal Reserve to cut rates by more than two percentage points in the next 12 months. Unless the Federal Reserve is more accommodative than the market has already anticipated, or a recession occurs, long-term U.S. Treasury yields are unlikely to decline significantly from current levels.