ChainCatcher news, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed the Bitcoin bill (176-26), which officially recognizes Bitcoin as a "store of value" asset for the first time, positioning it similarly to digital gold, while classifying Ethereum as a utility token. Da Hongfei stated that this bill will mean in practice:Banks can now officially hold Bitcoin as reserve assets;Local and federal governments have clear guidelines on BTC reserves;Institutions finally gain the regulatory clarity they need;The global market may follow this framework.

ChainCatcher news, Elon Musk confirmed in response to a social media post featuring a dollar sign icon on podcast giant Joe Rogan's profile that X is preparing to launch a remittance feature in its X Payments service.This feature is part of Musk's strategy to transform X into a WeChat-like "super app." X Payments LLC has obtained remittance licenses in most states in the U.S. (excluding New York), laying the groundwork for integrating payment services on the platform. The planned peer-to-peer transaction feature aims to enhance user engagement by enabling direct remittances within the platform.While details regarding potential cryptocurrency integration have not been confirmed, given Musk's longstanding support for Dogecoin, the community speculates that this cryptocurrency is likely to be included.Earlier in September, it was reported that Musk's wholly-owned subsidiary X Payments obtained a money transfer license in Oklahoma, and it has now accumulated money transfer licenses in 37 states across the U.S. Reportedly, X Payments aims to seek licensing in all 50 states and hopes to launch payment services across the U.S. later this year.

ChainCatcher news, according to Bitcoin.com, the Australian Treasury has invited the public to provide feedback on the implementation of the OECD's Crypto Asset Reporting Framework (CARF).In a consultation paper released on November 21, the Treasury stated that implementing the CARF developed by the OECD would "complement the government's efforts to enhance tax transparency." The document will explore the policy advantages of incorporating the OECD model into domestic tax law and consider a timeline for implementation that can minimize compliance costs.It is claimed that the rapid growth of the cryptocurrency market has posed challenges for the government in terms of tax evasion and avoidance. To address this issue, the OECD developed the CARF, aimed at improving international tax transparency by ensuring that crypto-related information is reported in a standardized manner. The framework is expected to enhance the ability of OECD countries to monitor and tax crypto-related activities, thereby reducing opportunities for tax evasion and avoidance.The CARF will require crypto intermediaries, such as exchanges and wallet providers, to report specific crypto transactions to tax authorities. This includes information on the buying and selling of crypto assets. As explained in the consultation paper, Australia expects CARF reporting to begin sometime in 2026.

ChainCatcher news, Fox reporter Eleanor Terrett posted on X platform that Trump has chosen Scott Bessent as the next Secretary of the Treasury.

ChainCatcher message, OKX Chinese official posted on X platform stating that due to the excessive number of participants in the MemeFi airdrop, the wallet has experienced network congestion. Some users are experiencing slow wallet loading or network anomalies. Engineers are urgently repairing the issue and will notify as soon as it is restored.

ChainCatcher news, Matrixport's latest weekly report shows that the progress of the fifth Bitcoin bull market closely aligns with its prediction made in July 2023. The report forecasts that Bitcoin will reach $125,000 by December 2024, and as Bitcoin approaches the $100,000 mark, this prediction becomes increasingly credible. The report suggests that institutional investors allocate both Bitcoin and gold, based on the Black-Litterman asset allocation model, which is expected to achieve a return rate of 15.6% with a Sharpe ratio of 1.6.The research indicates that although Bitcoin has outperformed gold in recent years, both assets hold investment value due to their low correlation and macroeconomic outlook. The report specifically notes that a sell-off in gold after the U.S. elections could present a good buying opportunity, and it is expected that central banks worldwide will continue to diversify their reserve assets in the coming years, further enhancing gold's importance in institutional portfolios.

ChainCatcher news, Fox reporter Eleanor Terrett posted on the X platform that the Financial Industry Regulatory Authority (FINRA) has added a section about cryptocurrencies on its website.Although the term "crypto asset security" is not mentioned (except in the "Learn More" section linking to the 2023 SEC investor alert), FINRA still points out that, in addition to trading crypto assets, the assets themselves can also be considered a form of security.The section provides an in-depth overview of various types of crypto assets, how they are bought and sold, and the potential risks associated with them. It also links to additional cryptocurrency-related resources on its own website as well as those from other regulatory agencies such as the SEC, CFTC, and FTC.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that, according to two informed sources, negotiations between SEC staff and issuers looking to launch a SOL spot ETF have "made progress."The SEC is currently processing the S-1 application for the SOL spot ETF. These informed sources indicated that it is "very likely" to see exchange representatives of potential issuers submit some 19b-4 documents in the coming days, which is the next step in the ETF approval process.ETF issuers stated that, based on recent staff engagement, along with the incoming government supportive of cryptocurrency, there is currently a new sense of optimism that the Solana ETF may be approved sometime in 2025.

ChainCatcher news, QCP released the latest report, which shows that Bitcoin reached a historic high of $97,900 this morning, driven by last night's market surge. This increase is attributed to growing optimism in the cryptocurrency market, particularly regarding Bitcoin's rising importance in the corporate world and increased capital inflows.MicroStrategy is expected to raise $2.6 billion to purchase more Bitcoin, with MSTR's market capitalization surpassing $100 billion, leading the trading volume in the U.S. market last night.Several corporate finance departments are following MicroStrategy's lead by incorporating Bitcoin into their reserves, with Acurx Pharmaceuticals reportedly purchasing $1 million worth of Bitcoin.As Trump's inauguration approaches, there is a surge in market enthusiasm for January call options.Outlook:Bitcoin is solidly above $97,000, just a step away from the $100,000 milestone. This week, we observed strong demand for March and June call options, indicating that investors hold a long-term bullish outlook for next year.Bitcoin spot ETFs have won for three consecutive days, with a total net inflow of $1.84 billion during this period. This year, Bitcoin ETFs have been the largest factor driving additional capital inflows into Bitcoin, with a net inflow of $29.4 billion in U.S. ETFs.As global central banks further loosen monetary policy, strong demand for Bitcoin continues, and prices are expected to remain supported before the end of the year.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the Wyoming-based crypto bank Custodia Bank will further lay off employees to save costs.The oral arguments for Custodia's lawsuit against the Federal Reserve will take place on January 21, coinciding with the second day of Trump's inauguration.Custodia CEO Caitlin Long stated, "I am incredibly proud of the Custodia team, the services we build for our clients, and our resilience during multiple innocent 'debanking' incidents. I especially thank Custodia's clients and shareholders who help us continue to fight for lasting banking access for the compliant U.S. crypto industry."

ChainCatcher news, according to Jinshi reports, NVIDIA (NVDA.O) announced its third-quarter financial report for fiscal year 2025, with revenue reaching $35.1 billion, a year-on-year increase of 94%, exceeding market expectations of $33 billion; net profit was $19.31 billion, far exceeding the expected $16.93 billion. In addition, third-quarter gaming business revenue was $3.3 billion, and data center business revenue was $30.8 billion, a year-on-year increase of 112%.NVIDIA expects fourth-quarter revenue to be $37.5 billion, slightly above market expectations, but some investors' expectations were not met, leading to a drop of 5% in after-hours trading following the earnings report. CEO Jensen Huang stated that artificial intelligence is driving global computing demand growth, and the production of Blackwell systems is accelerating comprehensively, with fourth-quarter deliveries expected to exceed expectations. The company expects gross margin to reach over 70% in 2025. Nevertheless, some analysts believe there is uncertainty in its revenue outlook, especially in the case where Blackwell demand exceeds supply.

ChainCatcher news, according to Jinshi reports, Nvidia's earnings report will be released after the close of the U.S. stock market on Wednesday. Options analysis service provider ORATS indicates that Nvidia's options imply the company's stock price will experience an 8.5% up and down fluctuation after the earnings report is announced. This is consistent with the percentage fluctuations observed in the past 12 quarters following earnings announcements.However, as the market capitalization of this artificial intelligence chip manufacturer grows to $3.44 trillion, the expected market cap fluctuation is approaching a historical maximum of about $292 billion. Nvidia's stock price fluctuations after earnings releases are typically lower than market expectations. However, ORATS founder Matt Amberson stated that unexpected fluctuations are often upward.

ChainCatcher news, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024.The report shows that total revenue for the quarter was $73.61 million, an increase of 120.9% year-over-year; total sales hash rate was approximately 7.3 million Thash/s, an increase of 93.8% year-over-year; mining revenue was $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin; operating loss was $56.84 million, narrowing by 49.6% year-over-year.As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.

ChainCatcher news, according to Cointelegraph, the Bank for International Settlements (BIS) has released a research report analyzing the liquidity provision situation of the decentralized exchange (DEX) Uniswap v3.The report points out that, despite being technically decentralized, the liquidity market is still dominated by a few large participants, making it difficult for retail liquidity providers (LPs) to compete with institutions.These big players hold about 80% of the total locked value, focusing on liquidity pools with high trading volumes and low volatility. The research also found that retail LPs have relatively low trading fee earnings and investment returns, and they often incur losses on a risk-adjusted basis. BIS believes that this institution-dominated phenomenon challenges the decentralized financial system concept of DEX.