ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that this year the SEC's "revolving door" phenomenon is particularly evident, with several well-known officials leaving to join private companies that serve clients in the financial services industry.Former Acting Head of the Crypto Assets and Cyber Unit Carolyn Welshhans has joined Morgan Lewis, focusing on securities enforcement matters.Former Director of the Enforcement Division Gurbir Grewal has joined Milbank Law as a partner, and the firm is currently representing clients like Binance in lawsuits with the SEC, which were initiated during Grewal's tenure.Former Head of the Crypto Assets and Cyber Unit David Hirsch has joined McGuireWoods LLP to provide consulting services on crypto-related matters and cybersecurity regulations.Ladan Stewart, who previously brought lawsuits against Coinbase and Ripple for the SEC, has now joined White & Case to assist clients in dealing with SEC enforcement actions related to crypto and other areas.

ChainCatcher news, the chairman of the Financial Services Commission of Korea, Kim Byung-hwan, stated that he will review the monopoly phenomenon in the virtual asset market centered around Upbit. During the national policy inspection by the National Assembly's Administrative Committee, Kim Byung-hwan responded to questions from lawmakers regarding the monopoly structure of Upbit, pointing out that a comprehensive review will be conducted through the Virtual Asset Committee.Lawmakers also questioned the partnership between Upbit and K Bank, stating: "K Bank's total deposits amount to 22 trillion won, of which Upbit's deposits reach 4 trillion won, accounting for as much as 20%. If Upbit's trading is interrupted, K Bank could face a run on the bank."

ChainCatcher news, Shen Yu (@bitfish1) posted on the X platform, "The most unfortunate part of life is when one accidentally speaks out of turn, and the disaster does not reach; when one accidentally miscalculates, and the matter becomes a burden; when one acts recklessly, and gains a small profit. Later, it is regarded as a common occurrence, and one remains indifferent. Thus, the greatest calamity arises from this."Previously, Lookonchain posted on the X platform stating that due to a phishing attack, a certain address lost 12,083.6 spWETH (approximately 32.33 million USD).According to Arkham, this wallet may be related to Shen Yu (@bitfish1), co-founder and CEO of Cobo.

ChainCatcher news, recently, the Chinese stock market has rebounded under the impetus of government stimulus policies, but this rise may be siphoning off funds from the crypto market, affecting the rise of cryptocurrencies like Bitcoin. Since September 24, the Shanghai Composite Index has risen by more than 20%, reaching a new high since May 2023. However, the price of Bitcoin has remained around $64,000 after China's stimulus policies, maintaining a consolidation period of $50,000 to $70,000 for six months.Market observers point out that despite the Chinese government launching an economic stimulus plan exceeding 7.5 trillion yuan, which is widely seen as a super positive news for Bitcoin and other risk assets, the price of Bitcoin has not seen a significant increase. Danny Chong, co-founder of the Singapore Digital Asset Association, stated that this capital shift may be temporary, and once the upward trend in the Chinese stock market stabilizes, funds are expected to flow back into the crypto market.Traditional market analysts believe that China's latest stimulus measures have not addressed fundamental economic issues and may not lead to a long-term rise in the stock market. TS Lombard noted in a report on October 2 that unless some fundamental issues, such as fixing the banks' balance sheets, are resolved, any attempts to increase lending and leverage risk-taking may fail. BCA Research also stated that the rise in the Chinese stock market may not be sustainable.

ChainCatcher news, VanEck CEO Jan Van Eck stated in an interview with CNBC that Bitcoin is a very obvious appreciating asset at present. The appreciation and growth potential of Bitcoin will be as important as that of gold.Jan Van Eck also mentioned that VanEck was one of the first funds to launch the first gold ETFs in the U.S. As early as 2017, VanEck began in-depth research on Bitcoin and submitted an S-1 application to launch the first Bitcoin futures ETF.

ChainCatcher message, Binance TG mini-game Moonbix announced on the official TG channel: "We have noticed rumors about the launch of the Moonbix token. To clarify, the team will not be launching such a token, and there are currently no plans to launch a game token. Users are advised to exercise caution and ensure they check the latest news directly from official channels."

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, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.

ChainCatcher message, Matrixport released a chart report indicating that yesterday, we noticed that the Bitcoin Greed and Fear Index hit a low.In the past 24 hours, Bitcoin rebounded by 5%, once again validating the effectiveness of this indicator. At the same time, Bitcoin rebounded at the lower boundary of the downward channel, as traders expected.The current market is mainly driven by technical momentum, reacting to these signals until new fundamentals emerge.

ChainCatcher news, financial consulting publication Global Macro Investor's macro research director Julien Bittel posted on X: "This year's Bitcoin price structure is starting to look remarkably similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted for 175 days (so far).We are now approaching a critical moment that could lead to significant developments, and next week will be very worth watching. As we reach this potential turning point, everyone is watching Bitcoin's reaction------will it follow the 2019 script, or will there be a deviation? Let's wait and see. If the current market trend remains unchanged, we could see some significant upward momentum."

ChainCatcher news, the 200-day Simple Moving Average (SMA) of Bitcoin (BTC) is about to lose bullish momentum. TradingView data shows that since the end of August, the daily average increase of this indicator has been less than $50, far below early-year levels. Currently, the indicator stands at $63,840, while the spot price of Bitcoin is $55,880. Analysts point out that this may signal a pause in the trend or a shift to bearish. The short-term moving averages have peaked and are trending downwards, with the 100-day SMA crossing below the 200-day SMA, confirming a bearish crossover.FxPro analyst Kuptsikevish states that Bitcoin's key support level is just above $54,000. Several market observers, including former BitMEX CEO Hayes, expect Bitcoin to potentially drop to $50,000. The upcoming U.S. non-farm payroll report may trigger price volatility; weak employment data or heightened recession fears could increase the probability of a Federal Reserve rate cut, potentially providing support for Bitcoin.

ChainCatcher news, according to CoinDesk, Bitcoin has rebounded above $59,000, but the momentum has weakened due to hints of further interest rate hikes in Japan. However, according to the CoinDesk20 index, BTC is still up 1% in the past 24 hours, while the broader cryptocurrency market has risen by about 0.9%.A series of U.S. economic data will be released this week, starting with the manufacturing Purchasing Managers' Index (PMI) for August, published by the Institute for Supply Management (ISM) later on Tuesday. Weak data will strengthen the case for the Federal Reserve to cut interest rates, which is expected to boost riskier assets like cryptocurrencies.Bank of Japan Governor Kazuo Ueda reiterated that the central bank will raise interest rates further if the economy and inflation develop as expected. Ueda stated that the economic environment remains accommodative, and even after the benchmark borrowing cost was raised at the end of July, the inflation-adjusted rate remains negative. This is the first time in decades, triggering a closure of yen carry trades and leading to instability in risk assets.

ChainCatcher news, the CEO of the NFT project Pudgy Penguins, Luca Netz, published a lengthy article titled "What is Consumer Crypto?" In the article, he mentioned: "Based on consumption habits, consumer cryptocurrency can be divided into 3 stages:Stage One: Discretionary spending;Stage Two: Necessary spending;Stage Three: Essential spending.For the past decade, the adoption power of consumers has been in the hands of blockchain companies that have raised hundreds of billions of dollars to further drive adoption, but mass market penetration and fragmentation have not been parallel. The universal approach is ambitious, but the effort required to achieve it is enormous. The cryptocurrency industry is now at a crossroads similar to the internet boom of the early 2000s. After building infrastructure for 10 years, it is time for the industry to break through and enter the mainstream market."