ChainCatcher news, on Thursday, the U.S. financial markets were closed for Thanksgiving, resulting in light trading and weak liquidity. Bitcoin experienced a strong rebound yesterday after some investors took profits, briefly rising to $97,200, and currently trading at $96,382, maintaining a steady defense of the $95,000 level, with a slight increase of 0.68% in the past 24 hours.Ethereum has shown strong performance recently, with the price breaking above $3,684 yesterday, reaching a new high in over five months, which boosted the prices of ecosystem tokens. The L2 and DeFi sectors performed well, and the market may officially welcome altcoin season. Currently, after a peak and pullback, Ethereum continues to oscillate in the $3,500 to $3,600 range, reporting $3,564 before the deadline, down 1.6% in 24 hours.In the forex market, the U.S. dollar index rebounded to 106.21 on Thursday after falling to a two-week low in the previous trading session. The euro fell against the dollar as traders reduced bets on further interest rate cuts by the European Central Bank, while the overall forex market was subdued due to the U.S. holiday. Gold prices rose, driven by geopolitical uncertainty and trade concerns, boosting safe-haven demand. Oil prices climbed on Thursday, supported by the situation between Israel and Lebanon and the delay of the OPEC+ meeting, with U.S. and Brent crude prices rising over 0.8% during trading.Due to the impact of the Thanksgiving holiday, the market trading atmosphere has become subdued, significantly reducing the likelihood of various asset prices breaking through existing range-bound movements. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to the official announcement, Bitget has launched the U-based MAJOR perpetual contract, with a maximum leverage of 20 times. Contract strategy trading will be opened simultaneously.

ChainCatcher news, Matrixport released today's chart stating that the funding rate for Bitcoin continues to rise. Although BTC is undergoing a typical market correction, leveraged traders remain confident about the future. From a technical perspective, the price may pull back to the $89,000-$90,000 range, a key support level that is expected to stabilize the market. With the Thanksgiving holiday approaching, Bitcoin's astonishing gain of +119% year-to-date is sure to be a hot topic at holiday tables.More notably, Bitcoin is expected to once again be the best-performing asset of the year. The highlight of this rally is that traditional finance (TradFi) investors are increasing their positions through ETFs. Looking ahead to 2025, more institutional funds may flow in, further solidifying Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.

ChainCatcher news, according to The Block, Standard Chartered's Global Head of Digital Assets Research, Geoff Kendrick, stated that the recent BTC pullback is mainly influenced by changes in the U.S. Treasury market. He explained that the decline in the term premium of U.S. Treasuries has boosted market confidence, which may temporarily weaken Bitcoin's appeal as a hedge.Nevertheless, Kendrick maintains his prediction that Bitcoin will reach $125,000 by the end of the year and expects it to hit $200,000 by the end of 2025. Notably, the upcoming options expiration this Friday is also putting short-term pressure on Bitcoin prices. Data shows that since the U.S. elections, spot Bitcoin ETFs have accumulated approximately 77,000 Bitcoins, while MicroStrategy has increased its holdings by 134,000 Bitcoins, with an average institutional purchase price of $88,700. Kendrick anticipates that this price level may serve as a short-term support, with Bitcoin consolidating in the range of $85,000 to $88,700 before continuing to rise.

ChainCatcher news, according to Cointelegraph, recently Pump.fun faced community criticism for users spreading violence and harmful behavior through live broadcasts, leading to calls for enhanced content moderation or the shutdown of the live streaming feature. One user threatened during a live stream that they would self-harm if their token did not reach its market cap target; others threatened to commit domestic violence or even school shootings, with community members pointing out that the feature has become "completely out of control."Platform head Alon responded that Pump.fun has arranged for a team to review live streams, images, and comments around the clock, and is actively responding to the growing demand. However, the community is urging the platform to suspend the live streaming feature until moderation tools are improved and to take more transparent measures to prevent similar incidents from occurring.

ChainCatcher news, ING stated that after the U.S. presidential election, the dollar has risen, and it may continue to trade in a higher range thereafter.ING analyst Chris Turner mentioned in a report that as the market prepares for Trump's second presidential term, it no longer expects the Federal Reserve to cut rates in December. The development of overseas economies is also "far from inspiring." Turner noted that U.S. economic data, including initial claims, is unlikely to impact the market, and the dollar index should continue to trade within its new range of 106-107.

ChainCatcher message, according to @ai_9684xtpa's monitoring, "smart money with a win rate of 82.3%" sold 1623 ETH (approximately 5.07 million USD) at 3122 USD, which was almost sold at break-even.In the 18th wave, he built a position of 10528 ETH at a cost of 3121 USD, and currently holds 8905 ETH with an unrealized profit of less than ten thousand USD.

ChainCatcher news, according to Protos, "Australian" Craig Wright argues that he cannot attend the court meeting in December due to his severe autism and the Christmas schedule, following accusations of contempt of court in a legal application submitted to the Cryptocurrency Open Patent Alliance (COPA).The law firm Bird and Bird, representing the Cryptocurrency Open Patent Alliance, stated that Craig Wright violated his injunction after deleting online notices and filing lawsuits against Jack Dorsey's Square Up and BTC Core.In addition, the Cryptocurrency Open Patent Alliance seeks to suspend Wright's lawsuits and halt related court proceedings until the contempt of court lawsuit is resolved. Cryptocurrency Open Patent Alliance lawyer Jonathan Hough stated, "Wright is trying to evade the consequences of his actions. He may want to avoid the police or prevent being detained."

ChainCatcher news, according to the official announcement, Bitget has announced that it will launch the U-based GRASS perpetual contract today at 23:00, with a maximum leverage of 50 times. Additionally, it will launch GRASS's spot leverage and strategy trading on October 29 at 12:00 (UTC+8) and October 28 at 23:00 (UTC+8).

ChainCatcher news, according to Jinshi reports, Goldman Sachs stated on Wednesday that it expects the Federal Reserve to consecutively cut interest rates by 25 basis points between November 2024 and June 2025, ultimately lowering the rate range to 3.25%-3.5%.

ChainCatcher message: The X account of Lagrange, the developer of the decentralized proof network ZK Prover, is suspected to be hacked, posting a scam link regarding the token LGR. Users should interact with caution.

ChainCatcher news, according to CoinDesk, RWA issuer Midas announced that after obtaining approval from the Liechtenstein regulatory authorities, it will expand the range of its tokenized U.S. Treasury bonds and yield arbitrage trading products for retail users.This means that Midas has removed the $100,000 minimum investment requirement and investor certification process for the mTbill and mBasis tokens, and has simplified the token investment process to just "one click" to obtain the tokens. The company stated that these tokens can be used globally, excluding the United States and sanctioned countries.

ChainCatcher news, according to The Block, Bitget Research's chief analyst Ryan Lee stated that given the current market sentiment, increased activity, and the ongoing development of the Solana ecosystem, along with significant partnerships, he expects the bullish sentiment for Solana in October to outweigh the bearish sentiment, potentially rising to a price range of $160 to $180.Lee noted that Solana's $110 support level has shown resilience during market downturns, including the liquidation event in early August. He also emphasized that Solana has consistently been at the forefront during the recovery phase of high market cap tokens. Additionally, meme coins within the Solana ecosystem have demonstrated strong growth and have been one of the strongest sectors during the rebound.According to on-chain data, the number of daily active addresses on Solana saw a significant increase in September. Zeta Markets founder Tristan Frizza mentioned that compared to less than 1 million in previous months, Solana's average daily user count now exceeds 3 million. This increase in activity may be driven by a collective interest in Solana as a whole, trends like meme coins, and the involvement of celebrities and creators such as Iggy Azalea, which have attracted retail interest in the ecosystem.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "It's usually not a price target, so I will provide a price range at the end of the cycle (assuming Trump wins the election + (U.S. economy) soft landing):BTC: $100,000 - $200,000;ETH: $4,000 - $6,000;SOL: $500 - $1,000;Total cryptocurrency market cap: $5 - $10 trillion."

ChainCatcher news, Bitfinex released a report stating, "Despite the strong performance of Bitcoin, it has not yet broken through the key high of $65,200 from August 25. This is very important because if Bitcoin fails to break this level, it will confirm a pattern since the historical high of $73,666 set in March, where Bitcoin has not exceeded any previous highs and has formed new local bottoms, maintaining a downward trend. In other words, from a longer time frame perspective, Bitcoin has been in a downtrend since March.Additionally, despite the recent price increase being optimistic, the growth of Bitcoin's open interest has outpaced the increase in Bitcoin's price itself, indicating that last week's movement came more from the futures and perpetual markets rather than the spot market.Meanwhile, we have also seen some altcoins surge, with some well-known tokens rising over 100% since their lows in August and September. However, caution is warranted here, as the open interest in altcoins has also reached new highs, but the overall altcoin market has not seen corresponding price breakthroughs. The OTHERS index (which measures the performance of altcoins outside the top 10 by market cap) has continued to decline over the past month.As buying pressure in the Bitcoin spot market slows down, the incremental volume of spot accumulation has stabilized as prices reached $63,500, and we expect Bitcoin to remain in a range-bound fluctuation in the short term.Nevertheless, an important counterargument is that sustained ETF inflows could boost Bitcoin's price. Last week, the spot Bitcoin ETF recorded new inflows, increasing by $397.2 million. This suggests that if traditional financial markets like the S&P 500 continue to rise, Bitcoin still has the potential for further increases. If Bitcoin breaks through the key resistance level at the end of August, it could drive its price to new highs, especially with the end of the low liquidity period of summer. However, without sustained spot buying, Bitcoin is most likely to experience consolidation or a partial pullback."

According to ChainCatcher, as reported by CoinDesk, OKX's new CEO in Singapore, Gracie Lin, stated that the most important and challenging aspect of obtaining the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is gaining the trust of the custodian banks.Lin explained that banks need to be satisfied with the exchange's plans and control measures, and this step is crucial for obtaining the full license. Lin also pointed out that investors in the Singapore market tend to prefer holding crypto assets rather than actively trading. OKX currently offers over 50 tokens in Singapore, all of which must undergo review and approval by MAS.

ChainCatcher message, crypto analyst PlanB expressed his views on the X platform, stating that "60,000 dollars is the new 10,000 dollars," implying that Bitcoin's current price behavior in the 60,000 dollar range may replicate its previous pattern in the 10,000 dollar range.The long-term chart of Bitcoin's realized price shared by PlanB shows that between 2018 and 2020, Bitcoin experienced long-term fluctuations in the 10,000 dollar range. Currently, Bitcoin's price exhibits similar characteristics in the 60,000 dollar range. This similarity may indicate that Bitcoin is about to enter a new significant upward trend, akin to the previous breakout from 10,000 to 60,000 dollars. PlanB emphasized that Bitcoin's price breakout is "just a matter of time."

ChainCatcher news, according to CoinDesk, FxPro senior analyst Alex Kuptsikevich stated, "In the long term, the activity of Ethereum developers, whether on the blockchain itself or in its increasingly expanding ecosystem, is the reason for the rise of ETH. However, by the end of 2023, this trend has shifted to Bitcoin, as the prospects for exchange-traded funds (ETFs) have become more prominent.It is worth noting that the launch of the Ethereum ETF has not attracted the same buying interest as the Bitcoin ETF, but rather led to net outflows, and has not reversed the downward trend of the ETH/BTC exchange rate.The ETH/BTC exchange rate could further drop into the 0.02-0.03 range. Considering the overall positive sentiment towards altcoins in the months following the Bitcoin halving, as well as the higher beta coefficient of altcoins compared to U.S. stocks, this situation is surprising, especially as U.S. stocks have performed quite strongly in recent months."

ChainCatcher message, the encrypted derivatives platform Cega pointed out in its latest market insight report that there were fewer market events this week, but investors are generally focused on the next Federal Reserve meeting and the anticipated interest rate cuts.Cega expects that the market will remain range-bound in the coming weeks. Despite the calm in the market, BTC volatility is still slightly above the one-year average.