ChainCatcher news, Coinstash co-founder Mena Theodorou stated in a report this week that Bitcoin's record "has sparked traders' hopes for the continuation of altcoin season and a potential Christmas rally." According to data from CoinGecko, in the past 10 years, cryptocurrencies have risen around Christmas in 8 of those years.In addition, Nexo analyst liya Kalchev expects that the price of Ethereum should reach $5000 by early 2025.

ChainCatcher message, Federal Reserve Chairman Powell stated on Wednesday that the U.S. economy is performing stronger than it did when the Fed began cutting rates last September, which may lead policymakers to be more cautious about further rate cuts. Powell said, "We can be a bit more cautious as we try to find a neutral stance."Powell's remarks on Wednesday seem to align with the more cautious policymakers and largely echo the earlier view that the Fed can "carefully" consider rate cuts without rushing into action. Powell's comments did not significantly change the current expectation of a 25 basis point rate cut again in December.

ChainCatcher news, according to BusinessInsider, Galaxy Digital CEO Michael Novogratz recently stated that the Trump administration has brought a "paradigm shift" in cryptocurrency regulation.He pointed out that almost all members of the Trump cabinet hold Bitcoin and are supporters of digital assets, and they generally support innovation, digital assets, and the development of Bitcoin.

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

ChainCatcher news, Matrixport released today's chart stating that the Bitcoin futures open interest has surpassed $30 billion, plus $14 billion in futures contracts from the CME, setting a new high for the year. Although the funding rate recently surged to 30% (annualized), it has now fallen back to 15%, indicating that some leveraged long traders have chosen to close their positions. It is worth mentioning that even with the decline in the funding rate, the Bitcoin price remains strong, highlighting the activity of buyers in the spot market.As the funding rate decreases, speculative long traders can return to the market at a lower cost, further boosting the bullish sentiment. This series of market changes indicates that the upward momentum of Bitcoin remains solid.

ChainCatcher news, according to Politico, Kamala Harris will visit Pennsylvania on the 4th local time. She will start in Scranton for a mobilization event, then head to Allentown and Reading, which have large Puerto Rican communities, where she will attend a rally with New York Congresswoman Rep. Alexandria Ocasio-Cortez.Next, she will go to Pittsburgh for a rally, where she will be joined by her second husband Doug Emhoff. After that, Harris and Emhoff will head to Philadelphia, where she will make her final pitch to Pennsylvania voters.Previously, it was reported that Trump will allocate time to three key states on the last day before the election. According to Trump's campaign team, rallies are planned in Raleigh, North Carolina; Reading, Pennsylvania; and Pittsburgh and Grand Rapids, Michigan.

ChainCatcher news, according to CNBC, Trump will allocate time to three key states on the last day before the election. According to Trump's campaign team, he plans to hold rallies in Raleigh, North Carolina; Reading, Pennsylvania; and Pittsburgh and Grand Rapids, Michigan. Grand Rapids holds a unique position in Trump's campaign history: as the second-largest city in Michigan, Grand Rapids was the last stop on the eve of the election during Trump's previous two presidential campaigns.In addition, Harris will also hold rallies in Reading and Pittsburgh as part of a four-stop tour in Pennsylvania, culminating in a large rally and concert on the steps of the Philadelphia Museum of Art.

ChainCatcher news, U.S. Vice President Harris will attend a rally in Nevada on October 31.

ChainCatcher news, according to the Wall Street Journal, Elon Musk will attend Trump's rally at Madison Square Garden in New York. It is reported that besides Elon Musk, well-known figures such as Robert F. Kennedy Jr., Dana White, Rudy Giuliani, and Tucker Carlson will also participate in this event.

ChainCatcher news, according to The Block, among the major cryptocurrencies and blockchain-related stocks traded on Nasdaq, MicroStrategy rose about 6.5% to $224.68, while Coinbase increased by 4.5% to $184.29.The stock prices of cryptocurrency mining companies also saw an increase, with Bitfarms listed on Nasdaq rising 3.8% to $1.92. Riot Platforms rose 4.6%, Marathon Digital increased by 5% to $16.93, and Hut 8 rose 4.5% to $12.30. The Nasdaq 100 futures index rose by 0.33%.

ChainCatcher News, the sheriff of Riverside County, California, stated that on the 12th local time, a man was arrested near a campaign rally for former President Trump in California's Coachella Valley. This man was carrying a weapon and a fake pass. Local police said that the man may have been planning to assassinate Trump.Local police reported that the man, named Wim Miller, presented a forged pass at a security checkpoint around 5 PM Pacific Time on the 12th, and was found to be illegally in possession of a shotgun, a loaded handgun, and a high-capacity magazine.

ChainCatcher news, according to Cointelegraph, European Central Bank Executive Board member Piero Cipollone proposed the concept of a European ledger, a unified European digital asset ledger to centralize digital assets and funds in Europe, thereby improving efficiency and synergy. He stated that Europe’s traditional capital markets are fragmented and need to overcome inconsistent legislation, but there is an opportunity to create a unified platform for digital assets. He referred to this platform as the Digital Capital Markets Union.Cipollone noted that over 60% of banks in the EU are exploring or experimenting with Distributed Ledger Technology (DLT), and another 22% are already using it. He stated at a seminar hosted by the German central bank that while DLT offers an opportunity to create financial integration, it does not guarantee it. On the contrary: "The non-interoperable technological ecosystems of each country or region, shaped by different regulatory regimes, create isolated liquidity pools of assets, further exacerbating fragmentation."

ChainCatcher news, according to CNBC, Donald Trump will hold a rally in Butler, Pennsylvania, which is the site of his July 13 rally when a gunman opened fire in an attempt to assassinate the Republican presidential candidate, causing chaos at the scene.Tesla CEO and Trump's new ally Elon Musk is expected to attend the rally. Musk officially expressed his support for Trump just hours after the assassination attempt in Butler, marking a significant shift in their previously adversarial relationship.Trump's campaign partner, Ohio Senator JD Vance, will also deliver the opening speech.

ChainCatcher News, the campaign team of former President and Republican presidential candidate Trump announced that Trump will return to Butler, Pennsylvania, for another campaign rally on October 5 local time.Since the first "attempted assassination" incident at Trump's rally in Butler on July 13, he has repeatedly stated that he would return to Butler for another rally.On July 13, 20-year-old shooter Thomas Matthew Crooks fired from a slanted roof just 130 yards away from Trump, hitting him in the ear, causing chaos, and was subsequently shot dead by a Secret Service sniper.

ChainCatcher message, QCP Capital stated in an official post that this week there was a conflict between Iran and Israel, and the market expects Israel's retaliation to be more severe, targeting key infrastructures such as Iran's nuclear facilities or oil facilities. Additionally, the non-farm data reflects a strong labor market, coupled with the possibility of further interest rate cuts later this year, which has boosted risk assets, allowing BTC to recover to $62,000.As we enter the fourth quarter, options market activity continues to grow, with increasing demand for December call options, highlighting the market's bullish outlook for the end of the year. Although QCP Capital still believes that macro data supports the "bullish October" (Uptober) view, geopolitical risks remain the biggest hidden danger before the U.S. elections. QCP Capital is more inclined to lock in yields at current levels, securing profits and preparing for a year-end rally.

ChainCatcher news, Musk says he will attend Trump's rally in Butler on Saturday.