ChainCatcher news, according to The Block, as the fourth quarter of 2024 approaches, some analysts predict that Bitcoin and the broader cryptocurrency market will continue to rise, primarily driven by institutional adoption and macroeconomic factors.Gabriel Selby, Chief Research Analyst at CF Benchmarks, stated in the report: "Against the backdrop of macro changes and institutional adoption, digital assets are expected to continue growing in the fourth quarter as sovereign balance sheets come under pressure, and investors will seek long-term hedging tools like Bitcoin."Selby noted that after the presidential election on November 5, there could be significant changes in the U.S. regulatory landscape, creating a favorable environment for cryptocurrency innovation. "We are seeing conditions that enhance investor confidence and drive capital formation."Ryan Lee, Chief Analyst at Bitget Research, is also bullish on Bitcoin's performance in the last quarter. He stated: "Bitcoin is expected to perform better in October than in September, with a target price range of $58,000 to $72,000."Lee pointed out several compelling signs in the derivatives market, including multiple instances of negative funding rates in Bitcoin futures in September, and the fear and greed index still hovering in the "extreme fear" zone. "Historically, these factors often herald the arrival of a significant rebound."

ChainCatcher news, according to The Block, SkyBridge Capital founder and managing partner Anthony Scaramucci stated that some U.S. cryptocurrency supporters are currently working with Vice President Kamala Harris to push the Democratic Party away from Senator Elizabeth Warren and SEC Chairman Gary Gensler.Anthony Scaramucci indicated that this could lead to more positive legislation and clearer regulations regarding stablecoins and a broader cryptocurrency regulatory framework. The election of former President Donald Trump could trigger an "avalanche" against his campaign opposition, which may pose a "danger" to achieving bipartisan consensus on cryptocurrency policy in the U.S.

ChainCatcher news, according to Bloomberg, informed sources revealed that Elliott Management has acquired a significant stake in SoftBank Group Corp. and is pushing for a $15 billion buyback plan.According to the FT, Elliott has accumulated shares worth over $2 billion and has been in contact with SoftBank executives in recent months. Elliott believes that such a large-scale stock buyback will help founder Masayoshi Son convey his confidence in SoftBank to the market. The company's stock price rose 4.6% in Tokyo.This is Elliott's second attempt at SoftBank, which was once one of the largest and most influential technology investment firms in the world. Elliott accumulated about $3 billion in shares in 2020, after which SoftBank significantly accelerated its buyback pace. Elliott later sold most of its stake in SoftBank.A representative from SoftBank declined to comment. A representative from Elliott did not immediately respond to a request for comment.In recent years, SoftBank has reduced its bets on startups. After the value of key assets like Arm Holdings Plc soared, the company is preparing to increase its investments in artificial intelligence and other areas.

ChainCatcher news, according to Jin10, after the release of the U.S. May S&P Global Manufacturing and Services data, the dollar index DXY continued to rise, with a short-term increase of nearly 30 points. Swap market traders have pushed back their estimates for the Federal Reserve's first rate cut from November to December.

ChainCatcher news, according to Cointelegraph, Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), will resign due to recent scandals involving the FDIC.It is reported that during his tenure, Martin Gruenberg pushed to prevent banks from holding crypto deposits or providing banking services to crypto companies. In 2022, he also compared crypto assets to high-risk financial innovations such as subprime mortgages and mortgage-backed securities that led to the 2008 financial crisis in a speech.The FDIC is an independent U.S. government agency that provides insurance for depositors in U.S. commercial banks and savings banks.

ChainCatcher news, QCP Capital stated that the U.S. CPI data triggered a breakthrough in risk assets, with BTC prices rising above $66,000. They expect this momentum could push prices back to the $74,000 high.In addition, they noted that institutional demand continues to grow, with large asset management firms Millenium and Schonfeld investing 3% and 2% of their assets under management into BTC spot ETFs, respectively. With significant adoption by sovereign and institutional investors, easing inflation, and the upcoming U.S. elections, this breakthrough may signal the return of a bull market.

ChainCatcher news, according to official sources, the Web3 communication protocol Push Protocol has partnered with the Polygon ecosystem DEX QuickSwap.It is reported that Push Protocol will provide infrastructure for QuickSwap and facilitate users by notifying them of trading events, token price changes, and V3 liquidity alerts.

ChainCatcher news, according to TheBlock, the Kraken lawsuit hearing is scheduled for June 12 at 2 PM Eastern Time. However, this Thursday, Kraken's lawyers submitted a court document stating that the U.S. Securities and Exchange Commission "has not found any investment contracts traded, brokered, or settled on Kraken," and therefore hopes to dismiss the lawsuit.

ChainCatcher news, at the 2024 Hong Kong Web3 Carnival, Ethereum co-founder Vitalik Buterin delivered a keynote speech titled "Reaching the Limits of Protocol Design" at the "Web3 Scholars Summit 2024" hosted by DRK Lab. He stated that current technologies such as ZK-SNARKs, MPC, and FHE have efficiency and security issues. Specifically, the Ethereum slot block time is 12 seconds, the "normal" block verification time is about 400 milliseconds, and the ZK-SNARK proof time is approximately 20 minutes. Ethereum's goal is to achieve real-time proof. Regarding the current inefficiency issues, Vitalik suggested solutions such as "Parallelization + aggregation trees," using SNARK algorithms and hashes to improve efficiency, and employing ASIC for ZK hardware acceleration.In addition, Vitalik mentioned that "protocols based on advanced cryptography such as ZK-SNARKs, MPC, FHE (Fully Homomorphic Encryption), and BLS aggregation have developed rapidly, but they also face efficiency and security issues. The efficiency problem can be addressed through parallelization and aggregation trees, improving efficiency (using SNARK algorithms and hashes), and ASICs; the ZK-SNARK circuit vulnerability issue can be resolved by security committees and multi-provers, and in the future, AI verification may be used to address this. We need to reach the limits of protocols with cryptography while optimizing efficiency and enhancing security."Vitalik pointed out that the current signature aggregation efficiency is about 30,000 signatures per slot, with high node requirements. The desired goal is to support as many validators as possible with low node requirements, making the protocol relatively simple.

ChainCatcher news, according to a report by TheBlock, an investment bank TD Cowen's latest report states that last year, the "CBDC Anti-Surveillance State Act" proposed by House Majority Whip Tom Emmer may be voted on alongside the highly anticipated stablecoin bill, which could undermine bipartisan support for the stablecoin bill, as Democrats generally believe that the value of central bank-issued cryptocurrencies should at least be explored. Bipartisan leadership has been negotiating for years to reach an agreement on the stablecoin bill.Previously, Federal Reserve Chairman Powell stated that the central bank is "nowhere near" proposing or adopting a CBDC.

ChainCatcher news, according to Cointelegraph, Bill Qi, Chairman of Cypher Capital and former Global Head of Financing at Binance Labs, stated: "It is no longer the people in the cryptocurrency space pushing for the approval of ETFs, but rather Wall Street firms doing their utmost to achieve this goal. The main lobbyists for Ethereum ETFs will be institutional asset management companies. Launching an ETF and obtaining ETF approval aligns with their best interests, as they are in the AUM (Assets Under Management) game, and to increase AUM, they need to secure ETF approval."

ChainCatcher message, Greeks.Live researcher Adam posted on social media that this week, there are only routine events such as speeches from some FOMC voting members and major central banks in the macroeconomic landscape, while the main crypto-related event is the ETH Denver 2024 main activities, with little driving force from events.Currently, the spot buyers in the mainstream coin market are very strong, and it is worth noting that derivative data has started to become active this week, with market leverage levels gradually increasing. The strong spot bull market has boosted market sentiment, and there is a significant expectation for an upward surge, but the experience of sharp declines in bull markets also needs to be taken into account.BTC is now in a spot bull market, gradually pushing the derivative bull market, with the implied volatility (IV) of major expiration options at its highest level in nearly a year. The current exuberant market sentiment can easily drive up prices, and the IV still has the potential to hit new highs.

ChainCatcher news, JPMorgan analysis indicates that the recent surge in cryptocurrency prices is primarily driven by impulsive decisions from individual traders, rather than institutional investors or market fundamentals.They believe that the rebound in individual investors' interest in cryptocurrencies in February may be the reason for the strong rebound in the crypto market this month.Analysts also pointed out that individual interest in cryptocurrencies surged sharply at the end of last year, similar to the momentum in the stock market in the fourth quarter of 2023. The recent enthusiasm from individual investors may be attributed to three main cryptocurrency catalysts, including the Bitcoin halving event, the next major upgrade of the Ethereum network—Dencun, and the possibility of the U.S. approving a spot Ethereum ETF in May.Analysts reiterated that the first two catalysts have already been "largely priced in," while the chances of approving the Ethereum ETF in May are only 50%.

ChainCatcher news, according to Decrypt, ARK Investment Management's founder and CEO Cathie Wood stated that she believes Bitcoin will one day be worth $1 million------just not anytime soon. In an interview with the Brazilian financial news portal Infomoney, she expressed her continued optimism about Bitcoin. She explained, "Gold is a trillion-dollar asset, and we believe Bitcoin can also get a piece of that." Wood said that this comparison is not just about value, but also about the fundamental role Bitcoin can play as a decentralized, private alternative to traditional currency.Wood also mentioned that she believes Bitcoin plays a crucial role in emerging markets as a tool for individuals and institutions to hedge against unstable currencies and fiscal policies. She pointed out that the applicability of Bitcoin is very broad. Bitcoin represents a new era of finance------the first global, digital, and decentralized monetary system. This is a groundbreaking development, especially considering the closure of the U.S. gold window in 1971.

ChainCatcher message, Uniswap founder Hayden Adams tweeted that he is willing to help push for an increase in the code size limit for smart contracts, "using proxy patterns increases Gas costs and leads to worse code structure, it's not a good solution."

ChainCatcher news, GrayScale Chief Legal Officer Craig Salm stated in an official statement, "We appreciate the opinion of the D.C. Circuit Court, which recognizes that this case raises straightforward questions about equal treatment under the law. We are also very grateful to the legal teams from Munger, Tolles & Olson, Davis Polk, and Wardell. Our next step will be to work closely with the SEC to develop a plan to introduce GBTC as a spot Bitcoin ETF on NYSE Arca."

ChainCatcher news, the Web3 communication platform Push has launched the Push V2 version. In terms of product features, it introduces a chat incentive feature and launches a Web3 version of Twitter Spaces. The former allows users to implement a one-time payment request for receiving chat requests, while the latter enables users to engage in real-time voice conversations.Additionally, users can earn new rewards by staking PUSH tokens in the push fee pool. The push fee pool refers to the fees charged for push notifications, channel-related operations, and chat operations. Users can stake their PUSH tokens in this pool to earn a portion of the fees collected by the protocol.