ChainCatcher news, the Bitcoin public chain Side Protocol announced that it will launch The Last One public fundraising plan on November 26, 2024. This event will officially start 4 hours before the airdrop registration (Beijing time at 2 PM on the 26th) and will last for 7 days.Event highlights: The Last One countdown reward mechanismPhase 1: Each transaction purchasing more than 1,000 SIDE tokens will trigger a 10-minute countdown. If no one purchases by the end of the countdown, the buyer will directly win a reward of 1,000,000 SIDE; if other users purchase during the countdown, the timer will reset until a winner is determined.Phase 2: The second phase is the last 10 minutes of the LBP. At this time, the last participant who purchases at least 50,000 SIDE tokens will directly receive a reward of 1,000,000 SIDE.Event rules and reward pool:The total reward pool for this event is up to 3,000,000 SIDE, with a maximum of 3 lucky winners.SIDE tokens are issued based on the Solana chain, and users can convert them into native tokens after the mainnet launch in January 2025.LBP public fundraising information:The Last One event will officially start at 8 AM on November 26 on the Fjord Foundry platform.Click link to participate in the event.

ChainCatcher news, Bernstein analysts expect MicroStrategy's Bitcoin holdings to rise from 1.7% of the circulating supply to 4% over the next decade, and they have updated the target price for MSTR to $600 by the end of 2025.According to data from TradingView, Bernstein previously set a target price of $290 in June when the stock was trading around $148, and it subsequently reached that price on November 11. The stock has risen nearly 100% in the past month, with a year-to-date increase of 509%.Analysts' assessment of MicroStrategy depends on three factors. First, whether investors are structurally bullish on Bitcoin; second, whether MicroStrategy faces liquidity or bankruptcy risks; and third, whether the company can sustainably scale its capital over the long term.They believe that Bitcoin is in a sustained bull market, supported by favorable regulatory conditions, the incoming Trump administration's support, increasing institutional adoption, and a macroeconomic backdrop of low interest rates, inflation risks, and record fiscal debt.

ChainCatcher news, according to Bloomberg, informed sources revealed that Singapore's Gulf Bank is seeking to raise at least $50 million and plans to acquire a stablecoin payment company next year.This startup bank was founded by Singapore's family office Whampoa Group and has been licensed in Bahrain since February. The bank is currently in negotiations with Middle Eastern sovereign wealth funds and other investors, planning to sell less than 10% of its equity before early 2025.Informed sources stated that the proceeds will primarily be used to accelerate product development, enhance the bank's payment network, and hire more staff. They mentioned that Gulf Bank plans to acquire a stablecoin payment company in the Middle East or Europe in the first quarter. A bank spokesperson declined to comment on the financing, valuation, or acquisition plans.

ChainCatcher news, according to DL News, after the cryptocurrency industry invested $133 million in the 2024 election, the pro-cryptocurrency political action committee Fairshake has raised $78 million for the 2026 midterm elections. Coinbase has announced it will contribute $25 million to Fairshake, while Andreessen Horowitz has also pledged to invest over $23 million in election funding for Fairshake and its affiliated PAC.

ChainCatcher message, trader Eugene stated on platform X that after an increase of 1.2 billion in circulation over the past 6 weeks, the current circulation of USDe is 3.7 billion. Over the past 6 weeks, the yield of sUSDe has ranged from 10% to 25%, and Deribit has accepted USDe as collateral for stablecoins. Ethena's fee conversion proposal has also been approved, ensuring that sENA holders are the primary beneficiaries of the protocol's success. These developments have exceeded expectations for ENA from 2 months ago, leading to a higher target price adjustment for ENA.

ChainCatcher news, according to Businesswire, the venture capital firm Theory Venture, which focuses on early software investments in the fields of data, artificial intelligence, and Web3, announced that after launching its first fund of $238 million in April 2023, it has completed fundraising of $450 million for its second fund, which will further expand support for innovators.The new fund will focus on three areas: data analytics, artificial intelligence as a new platform, and decentralized infrastructure as a database. Since launching its first fund, Theory has led investments in companies such as Context.ai, Initia, Superlinked, and Tobiko Data, and has opened a new office in San Francisco.

ChainCatcher news, Accolade Partners, based in Washington D.C., announced that it has raised $202 million for its latest "fund of funds," which will focus on blockchain and cryptocurrency investments. The fund is named Accolade Partners Blockchain III and completed its fundraising in October of this year, but the company only announced the news recently.It is reported that Accolade's portfolio includes 1kx, Archetype, Framework Ventures, Parafi, Portal, Reverie, and Varrock.

ChainCatcher news, according to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. has recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. The agreement will raise $30 million to support the development of digital mining and equipment in North America.Previously, Canaan Inc. completed its Series A financing in September 2024, during which it sold up to 125,000 Series A convertible preferred shares.Canaan Inc. has also made progress in product development, with high demand for its Avalon A15-194T mining machines. The company has signed a follow-on purchase agreement with HIVE Digital Technologies to deliver 5,000 Avalon A15 mining machines in the first quarter of 2025. In addition to expanding its product supply, Canaan Inc. is also strengthening its mining operations in North America. Its subsidiary, Beet Digital LLC, has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). The agreement aims to expand Canaan Inc.'s mining capacity to 10 EH/s by mid-2025.

ChainCatcher news, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in its latest report for 2024, pointing out that as of now, venture capital in the Bitcoin L2 space has reached $447 million, with 39% of the investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects secured $174 million in funding. Of this, $105 million went to sidechain projects, while $63 million went to rollups projects.Galaxy estimates that by 2030, approximately $47 billion in Bitcoin liquidity could flow into the Bitcoin L2 network. The agency believes that before 2024, traditional crypto venture capital firms (excluding those focused on Bitcoin) had limited involvement in the Bitcoin ecosystem. As the ecosystem matures, crypto venture capital firms will continue to deploy funds into Bitcoin L2 projects.

ChainCatcher news, according to official sources, Canadian investment fund SOL Global Investments announced that it has entered into an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as co-lead underwriters and co-book runners, representing a group of underwriters.Under the agreement, the underwriters will offer up to 18 million shares of the company at an issue price of $0.20 per share on a "best efforts" basis; this issuance will bring the company a maximum total fundraising amount of $3.6 million. The company plans to use the net proceeds from the issuance to purchase Solana tokens through cryptocurrency exchanges at current market prices.At the same time, the company clarified that the Solana tokens acquired from the net proceeds of the issuance will not be used as collateral for any current or future secured debt of the company.

ChainCatcher news, the Seoul News reported that the ruling party in South Korea intends to push forward with the plan to tax cryptocurrency gains starting in early 2025, rather than approving further delays.Initially, a 20% tax on cryptocurrency gains (plus local taxes for a total of 22%) was set to take effect on January 1, 2022. Due to strong opposition from investors and industry experts, the plan has been postponed twice to January 1, 2025. According to local media reports, despite discussions and proposals for further delays, with some suggesting implementation starting in 2028, the Democratic Party of Korea (DPK) remains committed to implementing the tax plan on time.However, the party is modifying the plan, raising the tax exemption limit for cryptocurrency gains below 2.5 million won ($1,795) to 50 million won ($35,919). The Democratic Party plans to pass the amendment in the National Assembly's tax subcommittee on November 25 and in the full session of the National Assembly on November 26.

ChainCatcher news, on Tuesday the market's attention was focused on the Russia-Ukraine situation. On the 1000th day of the Russia-Ukraine conflict, Russia's new policy has lowered the threshold for using nuclear weapons, causing global financial markets to be on edge, although the overall reaction has been relatively limited.According to 4E monitoring, U.S. stocks experienced a rollercoaster ride, initially declining due to heightened tensions in the Russia-Ukraine situation as investors panicked and turned to safe-haven assets. U.S. stocks collectively fell, but later, as the U.S. responded that there was no reason to adjust its nuclear posture or strategy, the market shook off concerns about nuclear war escalation. Ultimately, only the Dow Jones fell, while the S&P 500 rose slightly, and the Nasdaq gained 1%, with most large tech stocks rising, led by Nvidia with an increase of nearly 5%.The U.S. is embracing cryptocurrency more closely, as pro-crypto candidates are set to lead the U.S. Department of Commerce, ETF options are being listed, and the Trump Media Group is in deep negotiations to acquire the cryptocurrency platform Bakkt. Bitcoin reached a new high, peaking at $93,905, before slightly retreating to $91,900 at the time of writing. The rise in Bitcoin attracted a significant amount of liquidity, while altcoins generally fell.In the forex commodities sector, the U.S. dollar index rose on Tuesday, initially boosted by geopolitical tensions, with safe-haven currencies like the dollar, Swiss franc, and yen gaining traction. However, this boost weakened after comments from Russian and U.S. officials. Spot gold rose nearly 2%, continuing the upward trend from the previous trading day, marking the third consecutive day of gains. Geopolitical tensions supported oil prices, which saw a slight increase on Tuesday.The current market is focused on Nvidia's earnings report on Wednesday. With Nvidia's market capitalization having grown to approximately $3.5 trillion, the expected volatility in its market cap post-earnings is close to the largest ever and will impact U.S. stocks. Additionally, this week investors are also closely watching the cabinet nominations of the Trump administration. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to Protos, Russian authorities have announced plans to ban cryptocurrency mining in the occupied territories of Ukraine. Russian Deputy Prime Minister Alexander Novak chaired a meeting attended by senior ministers, where they discussed the country's "difficult regime balance" and its impact on the power industry, which is facing supply and capacity shortages during the autumn and winter seasons.Reports indicate that the Russian government plans to extend the proposed ban on cryptocurrency mining to the occupied territories of Ukraine, such as Donetsk, Luhansk, Zaporizhzhia, and Kherson regions.Additionally, six other regions in the North Caucasus will face a complete ban on cryptocurrency mining activities until 2031. Irkutsk, parts of Buryatia, and the Transbaikal Territory will face partial mining bans during the autumn and winter seasons until 2031. Russia passed a law in July that legalizes cryptocurrency mining starting November 1, meaning there is only an 18-day gap between legalization and prohibition.

ChainCatcher news, Sui ecosystem star project Amrus Studio ($E4C) completed a $150,000 USDT round of fundraising on DaoMaker within 30 minutes.The IDO is currently ongoing, and the USDT round has already exceeded 100% of the fundraising plan.

ChainCatcher news, the stablecoin infrastructure platform Noble has completed a $15 million Series A funding round led by Paradigm. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and the platform currently manages assets exceeding $458 million.According to the Web3 asset data platform RootData, Noble is an application chain built specifically for the issuance of native assets in the Cosmos and IBC ecosystems, helping issuers manage their tokens: burning, minting, blacklisting, and other functions.

ChainCatcher news, boosted by the decline in U.S. Treasury yields, gold futures prices have risen. This precious metal has partially rebounded from a significant sell-off following the U.S. presidential election, increasing 3.9% from last Thursday's low.SP Angel analysts noted in a report that gold, silver, platinum, and palladium all saw gains during Monday's trading session, likely reflecting a weakening in dollar trading. Market focus is now shifting to the Federal Reserve's upcoming meeting in December. Given that President-elect Trump's protectionist policies have raised new inflation concerns, the market expects a 35% chance that there will be no interest rate cut at this meeting. SP Angel stated that the Federal Reserve's decision to maintain interest rates is a negative factor for gold, as higher rates typically diminish the appeal of non-yielding gold. (Jin Shi)

ChainCatcher news, Musk posted a personal portrait with the words "The Dogefather" on social media.