ChainCatcher news, according to Cointelegraph, the price of XRP has increased by 232% in the past 30 days, and its on-chain metrics also indicate a positive recovery for XRP. Data from xrpscan shows that the number of active accounts or unique senders on the XRP network rose from 15,592 on November 1 to 47,044 on November 16. The total number of active accounts in November has doubled on average (an increase of 100%), rising from around 12,000 to 25,000 this month. Similarly, the number of new accounts activated on the XRP ledger in November has also significantly increased, indicating a large influx of new users onto the network.Analysts believe that the current target price for XRP may be between $1.95 and $2.05, but it is important to note that since November 16, the price and trading volume of XRP have shown an inverse correlation, suggesting that XRP is undergoing a distribution phase, and market traders may be looking to sell.

ChainCatcher news, according to The Block, a spokesperson for Tether stated, "The relationship between Tether and Cantor Fitzgerald is purely professional and based on managing reserves. The claim that Howard Lutnick joined the transition team in some way implies influence over regulatory actions is nonsense."Lutnick stated on Wednesday that after Senate approval, he would resign from his positions at Cantor, BGC, and Newmark. In a statement, he said, "I intend to divest my interests in these companies to comply with the ethical standards of the U.S. government and do not expect any arrangements involving the sale of stock in the public market."Previously, The Wall Street Journal reported that Tether owner Giancarlo Devasini had privately stated earlier this year that Cantor Fitzgerald Chairman and Trump transition advisor Howard Lutnick would leverage his political influence to mitigate the threats facing Tether.

ChainCatcher news, according to CoinDesk, data shows that in 2024, Bitcoin has only a 52% correlation with the Nasdaq index, with a 30-day correlation dropping to 0.46, one of the lowest levels in the past five years.According to Fidelity data, the correlation between Bitcoin and the S&P 500 index is only 19%, performing the best in terms of Sharpe ratio among major asset classes. Since Trump won the U.S. election on November 6, Bitcoin has surged past $93,000 to reach a new high, while the Nasdaq index has fallen 4% from its historical peak.According to Glassnode data, Bitcoin's 30-day implied volatility has decreased from 100% in 2021 to about 60% currently. As the world's seventh-largest asset, Bitcoin is gradually decoupling from traditional risk assets, demonstrating independent market performance.

ChainCatcher news, according to NBC News reports, two insiders revealed that since Election Day, Musk has been frequently appearing at Trump's home in Palm Beach, Florida—Mar-a-Lago, where he has been almost constantly with Trump, participating in calls and meetings. He continuously expresses his views on Trump's second term, even crossing some boundaries with Trump's transition team, giving the impression of "staying too long."These two insiders indicated that Musk's frequent appearances have begun to irritate some members of Trump's inner circle, who entered Trump's circle earlier than Musk and feel that he is overstepping during the transition. One of the individuals stated, "He acts like a 'co-president' and spares no effort to let everyone know it. He has been taking credit for Trump's victory, boasting about America PAC and X to anyone willing to listen, trying to make Trump feel indebted to him, while Trump never owes anyone a favor."Insiders revealed that some of Trump's advisors are concerned that Musk does not understand that a key to functioning in Trump's world is to maintain a low profile, and Musk's involvement is too aggressive, which could undermine his position in the long run. The second insider also stated that Musk seems to be pushing his own agenda rather than focusing on Trump's agenda.

ChainCatcher news, according to NBC News, two insiders revealed that since Election Day, Musk has been frequently appearing at Trump's Mar-a-Lago estate in Palm Beach, Florida, where he has been almost constantly with Trump, participating in calls and meetings. He continuously expresses his views on Trump's second term, even crossing some boundaries of Trump's transition team, giving the impression that he seems to be "staying longer than necessary."These two insiders indicated that Musk's frequent appearances have begun to irritate some members of Trump's inner circle, who entered Trump's circle earlier than Musk and feel that he is overstepping during the transition. One of the individuals stated, "He acts like a 'co-president' and spares no effort to let everyone know it. He has been taking credit for Trump's victory, boasting about America PAC and X to anyone willing to listen, trying to make Trump feel indebted to him, while Trump owes no one any favors."Insiders revealed that some of Trump's advisors are concerned that Musk does not understand that a key to functioning in Trump's world is to maintain a low profile, and Musk's involvement is too aggressive, which could harm his standing in the long run. The second insider also noted that Musk seems to be pushing his own agenda rather than focusing on Trump's agenda.

ChainCatcher news, according to K33 Research's research director Vetle Lunde, the correlation between Bitcoin and gold has dropped to an 11-month low after the U.S. elections.

ChainCatcher news, Martinet Lee, the head of developer relations at Zircuit, confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. Zircuit is an EVM-compatible zero-knowledge rollup, and its unique hybrid architecture combines optimistic infrastructure with zero-knowledge proofs, providing developers with the best of both worlds. With cutting-edge performance and security at the sequencer level, users can explore new realms with faster transactions, lower fees, and complete peace of mind.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, and jointly organized by SoSo Value, aiming to gather elite individuals from the Web3 field to exchange insights on the industry, with an expected attendance of over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher message, Bitfinex published a research report indicating that under the multiple influences of geopolitical uncertainty, macroeconomic factors, and the intensifying "Trump trade" narrative, BTC volatility has increased, with a significant 6.2% intra-week pullback last week, followed by a rebound. This pullback highlights the growing impact of the upcoming U.S. presidential election on short-term prices, with an increased correlation between the likelihood of Trump's election and the upward trajectory of Bitcoin.Market anticipation of the election has driven a surge in options trading activity, with options expiring on key dates before and after the election commanding higher premiums. Implied volatility may reach a peak of 100-day volatility shortly after the U.S. election day on November 8, indicating that the market is preparing for potential turmoil, with expectations that short-term volatility will be higher than usual regardless of the election outcome.

ChainCatcher news, according to the latest report from QCP Capital, Trump's interview on the Joe Rogan Experience podcast, released a week before the election, has garnered over 32 million views, raising his odds on Polymarket to over 66%. Although cryptocurrencies are referred to as the "Trump trade," the correlation between Bitcoin and Trump's odds seems to be weakening, as it currently attempts to break through $70,000 and surpass the July high. Bitcoin has only risen 8% this month, below the average of 21%. If the spot price remains at current levels, October will be the fourth worst month for Bitcoin's performance in the past decade.As the market anticipates the election results next week, it remains to be seen whether Bitcoin can break through $70,000. The report advises caution, as the core PCE data expected on Thursday and the non-farm payroll data on Friday are not anticipated to show surprises. Currently, the total open interest in Bitcoin perpetual contracts across exchanges has reached $27 billion, close to this year's peak. If Bitcoin breaks through $70,000, it could trigger new highs, especially with more leveraged long positions involved.

ChainCatcher news, TRON (TRX) network founder Justin Sun responded on X to the previous incident regarding his unrecognized election as the acting Prime Minister of the micro-nation Liberland. He expressed his happiness to see the community elect him as the Prime Minister of Liberland, with the main points as follows:Liberland is not just a country; it embodies a political philosophy that advocates for freedom, minimal government intervention, and individual autonomy.As acting Prime Minister, the goal is to actively promote the small government concept, not only within Liberland but also as a model for the world. Our success can inspire other countries to adopt liberal principles, demonstrating that minimalist government can bring stability and prosperity without excessive regulation or coercion. By adhering to this approach, we will further solidify Liberland's status as a beacon of freedom and individual autonomy.Looking ahead, envisioning Liberland as a global symbol of liberal ideals, it will become a spiritual home for people around the world who cherish freedom. Just as Vatican City represents the central spiritual authority for Catholics, Liberland will become the heart of the liberal movement. Liberals around the world may have their own countries and nations, but Liberland will be their ideological home: a place that respects and embodies their beliefs in freedom, autonomy, and voluntary governance.What truly makes Liberland unique is that it is the first country where the relationship with citizens is based not on lineage or geographical boundaries, but on shared principles and values. There are no compulsory obligations, no taxes, and no mandates imposed on citizens. Everything is built on voluntary participation and mutual respect, believing that all governments should operate this way—eventually, if not now.Liberland is a powerful example of the relationship between a state and its citizens, committed to further advancing this vision during my tenure as Prime Minister.Previous news, according to a document disclosed by @tier10k, the unrecognized micro-nation Liberland announced the results of its latest parliamentary elections. TRON (TRX) network founder Justin Sun won in this election and was nominated as acting Prime Minister by Liberland President Vit Jedlička. The official statement from Liberland stated that the election was completed at 5 AM Central European Time on October 6, marking the first full deployment of the country's blockchain-based election system. The election process used a simple set of rules, fully algorithmic, aimed at providing transparency and eliminating doubts about the election results.

ChainCatcher news, according to CoinDesk, analysts say that over the past eight years, the price of Bitcoin has shown a positive correlation with the size of the Chinese central bank's balance sheet. The 30-day correlation coefficient between Bitcoin's price and the size of the Chinese central bank's balance sheet is 0.66. It has been positive except for 2016 and from the end of 2022 to 2023. On the other hand, Bitcoin's correlation with the Federal Reserve's balance sheet over 30 days is -0.88, the lowest level recorded since 2016.The Chinese central bank is considering launching an economic stimulus plan of up to 1 trillion yuan (approximately 142 billion USD) to boost the economy, which has led to a significant rise in Asian stock markets, particularly the notable increase in the CSI 300 index.Analysts believe that this stimulus plan may indirectly benefit Bitcoin, as it could increase investment in blockchain and cryptocurrency-related projects. This monetary easing policy may drive more capital into the digital asset space.

ChainCatcher news, according to The Block, FalconX research director David Lawant stated that the correlation between cryptocurrency prices and broader risk asset indices has been rising and may remain high for some time. The current lower interest rate cycle combined with a soft landing is the baseline for most investors and will create a new macro environment for cryptocurrencies. Favorable election outcomes and a liquidity environment more conducive to risk assets may trigger the next cryptocurrency bull market.

ChainCatcher news, Howard, the Head of Developer Relations for TON Asia, pointed out in a post on X that although the mini-program gaming sector has recently been active, there are still multiple areas within the TON ecosystem that remain to be developed. Howard believes that fields such as credit card cashback, gift card business, tokenization of real-world assets (RWAs), yield products, Launchpool-type projects, and offline QR code payment solutions hold tremendous potential and are expected to develop into billion-dollar projects on Telegram mini-programs and the TON blockchain.He stated that compared to EVM ecosystems like Ethereum, TON is more suitable for young developers and Web2 game studios due to its large user base and real growth potential.

ChainCatcher news, according to Bloomberg, correlation studies show that the correlation between digital assets and the U.S. stock market has nearly reached historical highs, indicating that the macroeconomic variables driving the stock market are also affecting the cryptocurrency market.Data compiled by Bloomberg shows that the correlation coefficient between an index measuring the 100 largest digital assets and the S&P 500 index is approximately 0.67 over a 40-day period, a level only surpassed in the second quarter of 2022 when it reached 0.72. A coefficient of 1 indicates that the assets move in perfect unison, while a coefficient of -1 indicates they move in completely opposite directions.This week's focus will be on comments from Federal Reserve officials and the release of the U.S. Personal Consumption Expenditures Price Index (PCE). Sean McNulty, trading director at liquidity provider Arbelos Markets, stated, "We believe that the speakers are more important than the PCE inflation data, as the market is currently trying to understand the Federal Open Market Committee's (FOMC) reaction function."