ChainCatcher news, according to Forbes, when the election results clearly indicated that Trump would return to the White House, the crypto market began to rise as expected, reflecting optimism about the potential relief the Trump administration might bring to the industry. It is undeniable that Trump will be more supportive of the crypto industry than the current president, Biden. However, there remains uncertainty regarding his level of involvement in promoting industry development and whether relevant legislation can be passed amid a busy legislative agenda.All candidates for positions such as leaders of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Treasury may share favorable views towards the industry like Trump, but it is unclear how much of a priority this issue will be seen. The Trump administration may prioritize deregulation for most industries. However, the crypto industry may be the only sector that runs counter to this trend, as industry members are eager for regulatory clarity. The priority these regulatory agencies place on the crypto industry will determine the duration of this process, but progress in reducing some of the current lawsuits from the SEC may be quicker. However, it is more likely that these agencies will at least provide some form of favorable regulatory guidance, even if not a specific rule.

ChainCatcher news, South Korean cryptocurrency exchange Bithumb announced that ORB and TEMCO have been designated as investment caution projects by the Korea Digital Asset Exchange Association (DAXA). Currently, Bithumb has suspended ORB and TEMCO deposits and will release a notice regarding the designated extension, lifting / termination of trading support in the third week of November.

ChainCatcher news, recently, Forbes China announced the 2024 list of the Top 100 Most Influential Chinese People in the World, and Shawn SHI, co-founder of Oak Grove Ventures, has once again made the list, marking his second consecutive year receiving this honor. This accolade highlights Shi Xiang's outstanding strength in the global technology innovation and investment field.In the business sector, Shawn SHI and his team at Oak Grove Ventures have achieved significant results in cutting-edge technology areas such as Web 3.0, artificial intelligence, and biotechnology, thanks to their unique investment philosophy and precise project selection. They not only have a wide-ranging influence globally but have also made positive contributions to promoting technological advancement and social development.Regarding being selected for the Forbes Global Top 100 Most Influential Chinese People for two consecutive years, Shawn SHI stated: "This is a great recognition of my personal efforts and those of the Oak Grove Ventures team. We will continue to uphold the principles of innovation and pragmatism, seeking and supporting those potential entrepreneurs to jointly promote technological progress and social development."

ChainCatcher news, according to monitoring by ai_9684xtpa, DWF Labs has traded ORBS again after nine months. Three hours ago, DWF transferred 150 million ORBS to a new address 0x067, worth 3.43 million USD, and the tokens have not yet been transferred or sold.This portion of tokens was received from the Orbs treasury on October 30, 2023, when it was valued at 6.57 million USD, and the asset has depreciated by nearly 47.8% after one year.

ChainCatcher news, the Shaanxi High Court has released typical cases of cracking down on illegal fundraising crimes, which pointed out that the defendants Shi and Zhu set up an office in Xi'an, using a self-built BRTR platform to issue and trade USDT, QC, and BRTR currencies. They boasted about their company's strength to the public, fabricated a bright prospect for investing in virtual currencies, and used guaranteed principal with high interest and the enjoyment of luxury car usage rights as bait to attract public investment. According to the audit, as of the occurrence of the case, a total of 114 fundraising participants reported the case, with a total fundraising amount of over 6.34 million yuan, of which over 5.16 million yuan has been returned.The court held that the defendants, by issuing and trading virtual currencies, disguised their actions as public fundraising, disrupting the financial order. Their actions constituted the crime of illegally absorbing public deposits, and they were sentenced to four years in prison and fined.

ChainCatcher news, according to Forbes, recent research shows that major financial institutions, including the Federal Reserve Bank of Minneapolis, the European Central Bank (ECB), and the International Monetary Fund (IMF), are intensifying their research on Bitcoin. These institutions are generally concerned about the potential impact of Bitcoin on traditional monetary policy.The latest research released by the ECB when Bitcoin's price approached $70,000 indicates that the rise in Bitcoin's price could lead to a wealth redistribution effect, benefiting early holders while reducing the purchasing power of other social groups. The Minneapolis Fed warns that the existence of Bitcoin may affect the government's ability to sustain budget deficits.The IMF's policy document in 2023 specifically emphasizes that crypto assets could undermine the effectiveness of monetary policy in emerging markets. The IMF suggests that while countries should strengthen regulation, they should focus on enhancing the credibility of their monetary policy frameworks rather than implementing a comprehensive ban. These studies indicate that central banks are reassessing the challenges posed by Bitcoin to the traditional financial system.

ChainCatcher message, World Network announced that its Orb open-source code has been updated. The team developing the Orb software has pushed several updates to the Orb core, including: support for new Orbs, optimization of privacy and user control, and support for a self-service mode. The Orb has a custom over-the-air (OTA) update system, which is now open source.

ChainCatcher news, Ava, the Chief Brand Officer of Orbiter Finance, confirmed her attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at the Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, and jointly organized by Soso Value. It aims to bring together elites in the Web3 field to exchange insights about the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, which objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher message, recently Forbes published an article stating that the "possible reason" for the rise of Bitcoin is the market's expectation that Donald Trump will win the presidential election in two weeks, driving the strong performance of this cryptocurrency.

ChainCatcher news, World (formerly Worldcoin) co-founder Alex Blania posted on X that Worldcoin has officially evolved into World, launching a series of new features. This includes a brand new design, a faster and auditable Orb, and the opportunity to purchase operator status.In addition, World ID 3.0 introduces Anonymous Multi-Party Computation (AMPC) for uniqueness checks, supporting the launch of private credential features for government identity verification. At the same time, a Deep Face product based on Orb functionality has been launched to address deepfake issues. World App 3.0 has also undergone a comprehensive upgrade, allowing developers to build mini-apps for 15 million users.

ChainCatcher news, according to Bitcoin.com, Orbitt co-founder Artur Guliński stated that the Web3 market is still in its early stages, with many participants viewing it as a "lottery." This trend is particularly evident in the blockchain ecosystem where Meme coins have a significant impact. These characteristics distinguish current Web3 traders from their counterparts in traditional financial markets, which are less volatile.However, Guliński pointed out that an increasing number of Web3 traders are shifting from short-term strategies to long-term strategies, indicating that the market is maturing. Guliński also warned against over-reliance on software tools like scam checkers. While they are valuable for newcomers, Guliński emphasized that these tools "should be used as a supplement, not a replacement for healthy skepticism and research."

ChainCatcher news, Meme coin KOL Murad posted on the X platform stating that Meme coins are a sign of maturity in the crypto industry. Over the past decade, altcoins have basically been speculative tools (or gambling chips), and Meme coins will absorb most of the speculative premium from altcoins.

ChainCatcher message, OKX announced that it will delist the trading pairs REN/USDT, REN/USDC, TAKI/USDT, LEASH/USDT, ORB/USDT, and KINE/USDT on October 8, 2024, from 16:00 to 16:30 (UTC+8). As of September 29, OKX has suspended deposits for the above tokens.Users should cancel related orders before the delisting; otherwise, the system will automatically cancel them, which may take 1-3 business days. Starting January 8, 2025, OKX will suspend withdrawals for these tokens.

ChainCatcher News: The Japanese game public blockchain Oasys has reached a partnership with the Arbitrum Foundation. The collaboration will integrate Arbitrum Orbit technology into the Oasys infrastructure. Through this integration, the Hub layer (L1) of Oasys will support the creation and deployment of Verses (Oasys L2) using Arbitrum's scaling solutions. The Uprising Verse will be the first Verse L2 launched using this innovative approach.

ChainCatcher message, according to Whale Alert monitoring, 31,126,439 XRP ($16,908,702) was transferred from Orbit to an unknown wallet.

ChainCatcher news, Worldcoin co-founder and CEO of Tools for Humanity Alex Blania stated during a collective interview at this week's Korea Blockchain Week event that Worldcoin's current focus is on promoting Orbs globally.Blania said: "I think fundamentally, like other networks we've seen over the past few decades (such as Paypal, or even social networks like Facebook), they only become useful after scaling. Therefore, what we are currently concerned about is global distribution and the number of users who have verified and used the service."