ChainCatcher news, according to Cointelegraph, the Ethereum scaling solution Linea announced the establishment of the Linea Association at the Devcon conference in Bangkok, Thailand. This is a Swiss non-profit organization dedicated to promoting the development and governance of Linea. The association will support Linea technology, develop the Linea market, and advance its decentralization roadmap. The association plans to launch the Linea token in the first quarter of 2025, enabling governance for token holders. Token holders will have governance rights over certain activities of the association, which will manage the core intellectual property of Linea and the funds supporting its mission.Linea is a Layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) rollup solution developed by ConsenSys. ConsenSys founder Joseph Lubin stated that the establishment of the Linea Association is an important step for the network to achieve true decentralization, avoiding excessive control by any entity.Linea founder Nicolas Liochon emphasized that decentralization is at the core of Linea's vision. He stated that Linea must be publicly owned and governed by everyone, just like Ethereum Layer-1. Lubin added that Layer-2 projects that are overly controlled by companies or a few participants struggle to succeed or maintain proper consistency with the Ethereum platform.

ChainCatcher news, according to Jinshi reports, strategists including Teresa Ho from JPMorgan expect that, given the liquidity situation has returned to normal after the end of October, the Federal Reserve will end quantitative tightening (QT, i.e., balance sheet reduction) in the first quarter of 2025, earlier than the previously expected completion by the end of 2024.The supply of U.S. Treasury bills and repos has both increased, and money market funds are seeking to extend to longer maturities as expectations for easing diminish, drawing more funds from the Federal Reserve's overnight reverse repurchase facility.

ChainCatcher news, Bloomberg analyst James Seyffart stated that exchange-traded funds (ETFs) are likely to launch in the United States in the first quarter of 2025.Seyffart mentioned during a panel discussion at the Permissionless conference on October 9: "I think it's possible that options could launch before the end of this year, but it's more likely to be in the first quarter of 2025."In September, the U.S. Securities and Exchange Commission (SEC) authorized Nasdaq to list options linked to the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT). They are awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).Seyffart stated: "Unlike the regulations from the SEC, the CFTC and OCC do not have strict deadlines, so they can delay further if they wish."

ChainCatcher news, LongHash Ventures partner emmacui.eth shared insights on Token2049 and Solana Breakpoint on X.Key points are as follows:Funds and direct investment capital are drying up. Western general partners (GPs) are flocking to Asia for fundraising. Those unable to raise their next fund are seeking to change investment mandates to recoup capital. Funds are lowering their fundraising targets. The distributed capital return rate (DPI) for 2021 and subsequent years is very poor, while the multiple on invested capital (MOIC) is difficult to compare.Infra fatigue is real. There are over 700 side events, most of which are infrastructure projects. Everyone is trying to figure out a granular narrative to distinguish themselves from other infrastructure projects in the same category.Solana Breakpoint is refreshing. This event is filled with developers rather than BD personnel.The entire market is bullish for Q4 2024 and Q1 next year. The main catalysts are interest rate cuts and the U.S. presidential election. We have already seen price movements after Token2049.Reputation matters. As cryptocurrency matures, its surface area becomes larger. Investors/projects can conduct due diligence (DD) on specific founders/projects/investors in more ways. We are starting to see people put in more effort for DD before investing/hiring/joining projects. This is a sign of maturity.

ChainCatcher news, DWF Labs co-founder Andrei Grachev announced the details of DWF Labs' synthetic stablecoin product, which is expected to be launched between Q4 2024 and Q1 2025. The expected annual percentage yields (APY) are as follows: stablecoin approximately 12%, BTC/ETH approximately 15%, blue-chip coins approximately 17%, and long-tail altcoins approximately 19%. This synthetic stablecoin features full-chain minting/redemption capabilities and has secured whitelist commitments from its partners for a total locked value (TVL) of approximately $500 million.

ChainCatcher news, according to Cointelegraph, researchers behind the Ethereum network have grown from around 25 people in Q1 2019 to a peak of 550 people in Q1 2024, an increase of 2,100%.According to developer report data, Ethereum has the highest number of monthly active developers among blockchains. As of July 1, Ethereum has a total of 2,788 full-time developers, with a total developer count exceeding 8,865. The Base blockchain ranks second, with 889 full-time developers and a total developer count of 3,991.

ChainCatcher news, according to Cointelegraph, Wyoming Governor Mark Gordon recently attended the Wyoming Blockchain Symposium, discussing how the state is embracing blockchain innovation and emphasizing that the state plans to issue a stablecoin pegged to the US dollar in 2025.Mark Gordon stated that the state is currently working to support the stablecoin through U.S. Treasury securities and repurchase agreements. The plan is to reach out to trading platform partners for listing sometime in the first quarter of 2025.

ChainCatcher News: The U.S. Bureau of Labor Statistics has released the employment and wage survey report for the first quarter of 2024. In March 2024, the total number of jobs in the 370 largest counties in the U.S. was 153.5856 million, an increase of 1.3% year-over-year. In the first quarter of 2024, the average weekly wage in the U.S. rose to $1,527, an increase of 4.2% year-over-year.

ChainCatcher news, according to the 13-F filing submitted by Millennium Management to the SEC's official website, Millennium held BlackRock's IBIT, Grayscale's GBTC, Bitwise's BITB, Fidelity's FBTC, and ARK's ARKB in the second quarter. The total assets held in Bitcoin spot ETFs were approximately $1.14 billion, compared to about $2 billion in the first quarter, making it the institution with the largest holdings in spot BTC ETFs in the first quarter.Millennium reduced its Bitcoin ETF holdings by over 40%, with IBIT down 48%, FBTC down 14%, GBTC down 52%, and BITB up 71%. The largest reduction was in IBIT, which decreased by 9.98 million shares, approximately $470 million (details in the chart below).It is reported that Millennium Management was founded in 1989 and is known for its multi-strategy hedge funds. The total assets in Q1 were $234 billion, slightly decreasing to $215.9 billion in Q2, with its cryptocurrency investments accounting for less than one percent.

ChainCatcher news, Galaxy releases the 2024 mid-year report on Bitcoin mining.Key points are as follows:With hash prices hitting an all-time low, mining difficulty has decreased by 10% from the peak of 88.1 T (630 EH/s), dropping to a post-hash low of 79.5 T (569 EH/s) in early July. As of the time of writing, the difficulty is at 82.0 T (587 EH/s);Publicly listed mining companies raised a total of $1.8 billion in Q1 2024, the highest quarterly financing amount in the past three years;As the value of available power capacity skyrockets, the debt capital markets are expected to re-emerge in the second half of 2024 and into 2025;Miners with approved large-scale power capacity, long-cycle infrastructure procurement, and access to water and fiber optics are in the best position to leverage artificial intelligence;In the annual report, we project a hash rate target range of 675 EH to 725 EH by the end of 2024, and based on publicly available miner information, seasonal trends, and profitability analysis, we have raised the growth rate to between 725 EH and 775 EH.From January 1 to July 23, Bitcoin miners generated 12,970 BTC (approximately $863 million as of July 23) in transaction fees. The fees earned by miners account for about 55% of the total cumulative fees in 2023 (23,400 BTC).To date, the total transaction volume exceeds $460 million, primarily divided into venue sales, reverse mergers, and company acquisitions. Industry M&A activity is expected to continue.

ChainCatcher news, according to Bloomberg, cryptocurrency broker Bitpanda stated in a statement that following a net sales of 148 million euros (approximately 160 million dollars) in 2023, the company's revenue is soaring, with Bitpanda's net income exceeding 100 million euros in the first three months of 2024, thus profits for 2024 are expected to rebound to record levels.The privately held company based in Vienna recorded a pre-tax profit of 13.6 million euros last year, while in 2022 it suffered a loss of over 130 million euros. The company is currently benefiting from the recovery of cryptocurrency asset trading, optimization of its cost structure, and investment services provided in collaboration with banks. Bitpanda founder and CEO Eric Demuth stated, "We were able to endure through the long bear market and significantly expand with high profit margins during the bull market."

ChainCatcher message, based on Solana's real estate platform Parcl announced the distribution and unlocking schedule for the "Perpetual Points" program Season 1, with over 3,000 wallets eligible to receive more than 11.5 million tokens.The claiming will be divided into three phases:Phase 1 (July 15 to September 29): The eligibility requirement is to stake at least 50% of the PPP Season 1 allocation;Phase 2 (October 1 to November 30): The eligibility requirement is to hold 50% to 99.9% of the PPP S1 allocation;Phase 3 (December 1 to December 31): The eligibility requirement is to stake less than 50% of the allocation, and all unlocking plans will be completed by December 29, 2024.Users can claim tokens through the "Points" feature of the DApp, and staking will begin at 8:00 AM Beijing time every Thursday.

ChainCatcher news, according to Jinshi reports, the United States has released multiple economic data.The final annualized quarterly rate of real GDP in the first quarter of the United States is 1.4%, expected 1.3%, previous value 1.3%;The final quarterly rate of real personal consumption expenditures in the first quarter of the United States is 1.5%, expected 2%, previous value 2%;The final annualized quarterly rate of the core PCE price index in the first quarter of the United States is 3.7%, expected 3.60%, previous value 3.60%.

ChainCatcher news, the EigenLayer Foundation officially announced that the second phase of the EIGEN staking rewards for the first quarter will be launched within a week. EigenLayer continues to use the data provided by LRT to ensure a smooth process.

ChainCatcher message, Messari released the Sei Q1 2024 status report, with the following highlights:TVL (in USD) increased by 714% month-over-month, reaching $46 million, significantly outpacing the price increase. The top DEX in the Sei ecosystem, Astroport, saw a TVL increase of 468% month-over-month;The price of SEI rose by 37% month-over-month, despite revenue (in USD) declining by 32%. Revenue was particularly high in Q4 2023 due to inscription activities;The month-over-month increases in NFT sales, unique buyers, and unique sellers were 2936%, 2429%, and 2419%, respectively. MRKT led the growth in the NFT market;The launch of liquid staking protocols SiloStake and Kryptonite allowed for 8.4 million SEI to participate in liquid staking;Sei's open-source Parallel Stack was announced in March, aiming to enable developers to launch modular L2 blockchains as a parallel EVM execution layer.

According to ChainCatcher news, as reported by The Block, two funds managed by BlackRock have purchased shares of the Bitcoin spot ETF (ticker: IBIT) launched by the company, based on documents submitted to the U.S. Securities and Exchange Commission (SEC).It is reported that Wall Street giant BlackRock's two funds, the BlackRock Strategic Income Opportunities Fund and the BlackRock Strategic Global Bond Fund, both reported purchasing shares of the Bitcoin spot ETF launched in January.The documents show that the BlackRock Strategic Income Opportunities Fund purchased nearly $3.6 million worth of IBIT shares in the first quarter of 2024, while the BlackRock Strategic Global Bond Fund purchased $486,000 worth of IBIT shares.

ChainCatcher news, according to Finbold, Hungarian-American billionaire and hedge fund manager George Soros disclosed his holdings in the 13F filing for the first quarter of 2024.As of the first quarter of 2024, Soros Fund Management has 193 positions, with a total value of approximately $6 billion. Major investments include Alphabet, AerCap Holdings, and Rivian.Notably, the fund also holds shares of MicroStrategy (NASDAQ: MSTR), valued at approximately $135 million.

ChainCatcher news, the Uniswap Foundation officially announced the unaudited quarterly financial summary as of March 31, 2024, indicating that as of Q1, it holds 41.41 million dollars and stablecoins (approximately 40.47 million dollars, 750,000 DAI, 180,000 USDC), as well as 730,000 UNI. Fiat currency (USD) and stablecoins will be used for funding and operational activities, while UNI will be used for employee token rewards. The expected funding usage period will last until the end of 2025, with specific allocations as follows:Grant commitments and incentives: 25.77 million dollars will be distributed in 2024 and 2025. 2.94 million dollars are reserved for previously committed grant distributions.The remaining 12.7 million dollars will be used to fund operational expenses before the end of 2025.