ChainCatcher news, according to Reuters, the Manhattan U.S. Attorney's Office plans to scale back its handling of cryptocurrency cases.Scott Hartman, co-head of the Securities and Commodities Task Force for the Southern District of New York, stated that the office will not overlook cryptocurrency cases, but the number of prosecutors handling these cases is fewer than during the 2022 crash in digital asset prices (the so-called "crypto winter").

ChainCatcher news, according to a report by The Paper, at the 14th China Anti-Money Laundering Summit and the 4th Lujiazui National Financial Security Summit, Wang Jing, Deputy Director of the Anti-Money Laundering Bureau of the People's Bank of China, pointed out that in recent years, national public security, prosecution, and judicial authorities have continuously increased their efforts to combat money laundering crimes, with the number of cases investigated, prosecuted, and tried steadily rising.With the emergence of new technologies and new business models, criminals are constantly innovating their money laundering methods, using illegal payment platforms, virtual currencies, e-commerce or live streaming platforms, game currencies, and other means to transfer and conceal criminal funds. They also mix various payment methods such as bank accounts, virtual currencies, and cash, making money laundering techniques more diverse and covert, which increases the difficulty of detection and investigation.Wang Jing emphasized that a high-pressure stance must be maintained in the ongoing crackdown on money laundering crimes, continuously improving the quality and efficiency of investigations, prosecutions, and trials.

ChainCatcher news, according to CME's "FedWatch" data, the probability of the Federal Reserve maintaining the current interest rate unchanged until December is 24.3%, while the probability of a cumulative rate cut of 25 basis points is 75.7% (before the CPI announcement, these were 37.9% and 62.1% respectively). The probability of maintaining the current interest rate unchanged until January next year is 16.5%, while the probability of a cumulative rate cut of 25 basis points is 59.2%, and the probability of a cumulative rate cut of 50 basis points is 24.3% (before the CPI announcement, these were 26.5%, 54.9%, and 18.6% respectively).

ChainCatcher News, U.S. short-term interest rate futures rose as traders believe the likelihood of a Federal Reserve rate cut has increased. Traders have increased their bets on a rate cut by the Federal Reserve in December.

ChainCatcher news, according to the BitVol (Bitcoin Volatility) index launched by the financial index company T3 Index in collaboration with the options trading platform LedgerX, the Bitcoin volatility index rose to 62.32 yesterday, with a daily increase of 8.18%.

ChainCatcher news, according to Galaxy Research Director Alex Thorn, Bitcoin rose by $8,343.04 yesterday, setting the record for the largest single-day increase in history (in USD).In addition, Bitcoin's increase yesterday reached 10.37%, ranking 49th in history.

ChainCatcher news, according to Jinshi reports, ProShares Bitcoin Strategy ETF rose by 7.3%, and iShares Bitcoin Trust increased by 7%.In addition, the cryptocurrency sector in the US stock market saw a broad increase, with Bit Digital rising over 17%, Canaan Creative and MARA Holdings up more than 15%, and Riot Platforms and MicroStrategy nearly 10%.

According to ChainCatcher news, as shown on the official account of the Yunnan Provincial People's Procuratorate, recently, the Shidian County Procuratorate prosecuted a case involving Li and 10 others for organizing and leading pyramid selling activities. After court hearings, Li and the other 10 defendants were sentenced to fixed-term imprisonment ranging from six years to two years for the crime of organizing and leading pyramid selling activities, and were fined between 500,000 and 100,000 RMB.Since May 2021, Li has successively gathered Huang, Jin, and others, using "blockchain" and "virtual currency" as a gimmick to seek illegal profits. They set up five capital pools on an online platform under the pretext of purchasing and holding virtual digital currency A and issuing virtual digital currencies B and C. Through a combination of offline meetings and online WeChat groups, they created a successful persona, leveraged special professional backgrounds, and promoted slogans such as "one coin, one mansion; one coin, one luxury car" and "earn hundreds of thousands to millions easily in a day," widely publicizing reward systems and profit prospects. They deceived the public into obtaining membership qualifications through purchasing, destroying, and adding to the capital pools, and completing assigned tasks to receive static dividends and dynamic earnings based on the number of people developed and investment amounts, forming five levels of rebates.According to the appraisal, the pyramid selling funds collected by Li and others through the online platform amounted to over 210 million RMB. The Shidian County Procuratorate reviewed the case and found that Li used virtual currency as a gimmick, colluding with the other nine defendants to defraud property through the online platform, disrupting the economic and social order. The total pyramid selling funds exceeded 210 million RMB, and the circumstances were serious. The actions of Li and the other ten violated the provisions of Article 224-1 of the Criminal Law of the People's Republic of China, constituting the crime of organizing and leading pyramid selling activities. After court hearings, the above judgment was made.

ChainCatcher news, the yield on the 30-year U.S. Treasury bond rose by 23 basis points, marking the largest single-day increase since 2020.

ChainCatcher News, U.S. Republican presidential candidate Trump announced victory in the 2024 presidential election. According to 4E monitoring, U.S. stock index futures continue to rise, with gains approaching 2%.As of the time of publication, the S&P 500 index and Nasdaq 100 index futures rose by 1.86% and 1.7%, respectively, while Dow futures soared by 875 points, up 2.05%. The Russell 2000 index futures even surged over 4.78%.In addition, the benchmark yield on U.S. Treasuries has risen to 4.41% for the 10-year Treasury note. The U.S. dollar index, which measures the dollar's performance against six major trade-weighted currencies, skyrocketed by 1.53%, reaching as high as 105.19, a four-month high.

ChainCatcher news, Tesla (TSLA.O) pre-market up over 12%, Trump Media pre-market up over 10%.

ChainCatcher news, according to Jinshi reports, Trump Media Technology Group (DJT.O) rose 8% in after-hours trading, with the stock closing up over 12% overnight.

ChainCatcher news, the case of "virtual asset T-Coin pyramid scheme" with 30,000 victims in South Korea has recently been prosecuted by the Eastern District Prosecutors' Office in Seoul. The individuals involved, including Choi and Lee, promised high returns under the guise of "investing in T-Coin, AI automatic trading" from 2017 to 2019, collecting a total of 3.9251 billion won.Since the case received complaints in September 2020, it has gone through a complex back-and-forth between the police and prosecutors, until the newly appointed prosecutor Lee Sang-won took the initiative to intervene, re-examine the case, and gather complainants for investigation, ultimately transferring the case to court within six months. The former prosecutor commented that this case highlights the phenomenon of evasion and delays in investigations between the police and prosecutors.

ChainCatcher news, according to Jinshi reports, according to CME's "Fed Watch": The probability of the Federal Reserve lowering rates by 25 basis points by November is 99.7%, the probability of maintaining the current rate is 0%, and the probability of a 50 basis point cut is 0.3%. The probability of maintaining the current rate unchanged by December is 0%, the cumulative probability of a 25 basis point cut is 19.5%, and the cumulative probability of a 50 basis point cut is 80.3%.Before the non-farm payrolls are released, the probability of the Federal Reserve lowering rates by 25 basis points by November is 93.1%, and the probability of maintaining the current rate is 6.9%. The probability of maintaining the current rate unchanged by December is 5.2%, and the cumulative probability of a 25 basis point cut is 94.8%.

ChainCatcher news reports that according to 4E monitoring, on Thursday local time, U.S. stocks opened lower and the decline widened, with technology stocks, chip stocks, and AI concept stocks collectively falling. Despite the "Tech Seven Sisters" having outstanding revenue and profits, the market was disappointed with their performance guidance considering the current stock prices and valuation levels, leading to a broad sell-off. The Nasdaq fell sharply, closing down 2.76%, marking the largest decline in nearly two months, with a cumulative drop of 0.52% in October, ending a two-month rising streak; the Dow Jones closed down 0.90%, with a cumulative drop of 1.34% in October, halting a five-month rising streak; the S&P 500 fell 1.86%, with a cumulative drop of 0.99% in October, also ending a five-month rising streak.The cryptocurrency market fell collectively under the influence of U.S. stocks. As of the time of writing, Bitcoin fell below the $70,000 mark, trading at $69,851, down 3.18%, having risen nearly 10% in October due to increased trading activity related to Trump. Ethereum fell 5.1%, trading at $2,516, with a cumulative drop of 4.28% in October.The U.S. dollar index fell below 104 on Thursday, closing down 0.2%, but had a cumulative rise of about 3.1% in October. The dovish remarks from the Bank of Japan weakened, with the yen rising 1%, and a cumulative rise of 5.86% in October. Inflation in the Eurozone accelerated beyond expectations in October, strengthening the European Central Bank's cautious rate cut rationale, with the euro strengthening by 0.26%, but a cumulative drop of 2.25% in October. The British pound fell 0.51% against the dollar, with a cumulative drop of 3.55% in October.International crude oil continued its upward trend due to the potential escalation of tensions in the Middle East, with WTI crude oil rising over 2% at one point, and Brent crude closing up 1.87%, with a cumulative rise of about 2.38% in October. The demand for safe-haven assets ahead of the U.S. presidential election has driven gold prices to rise for four consecutive months, continuously hitting new highs, with spot gold having a cumulative rise of about 4.2% in October.Latest data shows that the U.S. PCE inflation in September increased by 2.1% year-on-year, in line with expectations. The market is focusing on the U.S. non-farm payroll report for October to be released tonight. Currently, the market generally expects that the number of new non-farm jobs in October will significantly slow down due to temporary unemployment caused by hurricanes and strikes. It is worth mentioning that when the employment report is released this Friday, there will only be four days left until the U.S. presidential election. If the data is extremely weak, it may affect the election and increase market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

According to ChainCatcher news, a report from the Korea Daily shows that the number of cryptocurrency investors in South Korea reached 7.78 million in the first half of 2024, a 21% increase compared to the second half of 2023. During the same period, the average daily trading volume rose from 3.6 trillion won to 6 trillion won, an increase of 67%.The report also indicates that the total market capitalization of cryptocurrencies in South Korea grew by 27% to 55.3 trillion won, and the profits of 21 local cryptocurrency exchanges increased by 106% year-on-year to 590 billion won. Notably, men aged 30 to 40 are the primary investor group, accounting for 68% of total investors, with 67% of investors holding amounts below 500,000 won.

ChainCatcher news, according to Bloomberg, U.S. federal prosecutors plan to offer a plea deal to a man from Alabama who is accused of participating in the January hacking of the U.S. Securities and Exchange Commission (SEC) X account, as well as posting a false social media message about the approval of the first Bitcoin spot ETF. The U.S. prosecutor told the judge at a hearing in Washington federal court on Friday, "We will propose a plea deal, but we do not know if he will accept it."It is reported that 25-year-old Eric Council Jr. pleaded not guilty to charges of conspiracy to commit aggravated identity theft and fraud using access devices at the hearing. Council's cooperation may help prosecutors track down his accomplices in this case. Allegedly, these accomplices used stolen personal information of an SEC employee to gain access to the agency's account.

ChainCatcher news, according to CoinDesk, MicroStrategy's trading volume in October rose to 17.65% of Nvidia's, with a market capitalization only 1.5% of the latter.MSTR has surged over 240% this year, and its price has doubled in just the past five weeks, reaching $236, bringing MSTR's market capitalization close to $50 billion.

ChainCatcher news, GSR co-CEO Rich Rosenblum and its CTO John MacDonald have left the company.Previously, on June 26, the then CEO Jakob Palmstierna transitioned to the role of president, while Rosenblum and Xin Song took on the role of co-CEOs. The new structure aligns with the company's "computational creativity."GSR noted that Rosenblum left the company to "pursue new entrepreneurial opportunities" and will remain in contact with him.