ChainCatcher News, the American Blockchain Association announced that it submitted a letter to the newly elected President Trump and the new Congress on behalf of its nearly 100 members, outlining the priorities that need to be considered in the first 100 days affecting the cryptocurrency industry.Key points include: establishing a cryptocurrency regulatory framework, ending the de-banking of cryptocurrency and blockchain technology companies, appointing a new SEC chairman and rescinding SAB 121, appointing new leadership at the Treasury and the IRS, and establishing a cryptocurrency advisory committee to work with Congress and federal regulators.

ChainCatcher news, Farcaster co-founder Dan Romero stated, "The team currently consists of 14 members and will be divided into 3 groups: responsible for protocol, cryptocurrency, and social respectively. In terms of protocol, we will build and migrate to Snapchain to expand the protocol and provide a new FIP for FC Connect. In the cryptocurrency area, as part of Frames v2, we are working to improve the transaction user experience. In the social aspect, we will continue to improve application performance, channel iteration, and user experience."

ChainCatcher news, according to official sources, the hybrid payment platform Rise Labs has announced the completion of a $6.3 million Series A funding round, bringing its total funding to $10 million. The investment was led by Draper Associates, with Polymorphic Capital co-leading, and participation from DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital.It is reported that Rise is a hybrid payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies. Currently, Rise has over 150 clients and more than 100,000 contractors. Its client base includes traditional businesses, Web3 companies, as well as DAOs, protocols, and platforms. Rise's comprehensive platform enables businesses to recruit, hire, and pay global contractors and employees in local currencies and stablecoins, while ensuring compliance with international tax regulations and employment laws.

ChainCatcher news, according to DL News, the stock price of Toronto-based blockchain company Bluesky Digital soared in November, as investors may have mistakenly associated it with the social media platform Bluesky. Since Donald Trump's election on November 5, Bluesky Digital's stock price has surged from $0.06 to $0.56, an increase of approximately 833%.A portfolio manager stated that the rise in stock price "may be due to the confusion caused by the name of the social media platform."

ChainCatcher news, the Hong Kong Association of Banks published an article in the Hong Kong media outlet Ta Kung Pao titled "Digital Banking Integrates into the Web 3.0 Wave," revealing that Hong Kong digital banks have completed over 100 "Fintech Regulatory Sandbox" tests through the Monetary Authority in the past four years, accounting for more than 40% of the total sandbox test cases.In addition, some Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and there are also digital banks capable of acting as settlement banks for licensed virtual asset trading platforms, offering services such as timely processing and settlement of transactions.

ChainCatcher news, the Litecoin X account stated that it has been nearly a week since the Litecoin X account posted the meme "Due to current market conditions I now identify as a memecoin," which is a light-hearted mockery of the current state of the cryptocurrency market and also a self-deprecating acknowledgment.Although Litecoin is one of the oldest and most reliable cryptocurrencies in the world, its achievements have been overshadowed and largely ignored in recent years. Greg (@greg16676935420) created a new mascot for Litecoin, but unfortunately, a group of people immediately took this mascot and used it to create a "lestercoin" on the Solana blockchain.Litecoin stated that it has no association with projects using the name or likeness of Lester on Solana, nor has it intentionally promoted or acknowledged their intentions; it is not the official mascot of Litecoin. Furthermore, Litecoin will continue to uphold the principle that "Bitcoin is gold, Litecoin is silver," striving to be the preferred method for global payments and transactions of goods and services, and this has not changed.

ChainCatcher news, according to a report by Fortune, Blockchain Association Executive Director Kristin Smith commented that the regulatory actions of the U.S. Securities and Exchange Commission (SEC) against the crypto industry have resulted in American companies paying over $400 million in legal defense costs. This data highlights the excessive regulation of the crypto industry during SEC Chairman Gary Gensler's tenure.According to the latest poll by the Blockchain Association and HarrisX, two-thirds of voters support the establishment of crypto market rules by Congress rather than unelected regulatory agencies. Notably, the crypto industry targeted by the SEC accounts for only 0.25% of the global market, yet its enforcement actions have led to the migration of innovation, job opportunities, and economic development overseas.The Blockchain Association emphasizes that the SEC's losses in the Ripple case and other significant setbacks highlight the flaws of the "regulation by enforcement" strategy. The association calls on Gensler to immediately cease enforcement actions against crypto companies and instead focus on an orderly transition so that his successor can implement a regulatory framework that aligns with congressional intent and market realities.

ChainCatcher news, British and American social media celebrity, businessman, and former professional kickboxer Andrew Tate (@Cobratate) announced that he will follow up with the purchase of $1 million in Bitcoin every time MicroStrategy buys Bitcoin.Although he claims he cannot compare to MicroStrategy's purchase volume, he revealed that he already owns millions of dollars in Bitcoin, far exceeding what he needs. He emphasized that this is a cultural symbol, so every time MicroStrategy makes a purchase, he will increase his holdings by $1 million in Bitcoin.

ChainCatcher news, according to the Financial Times, Trump's social media company is in advanced talks to acquire the cryptocurrency trading platform Bakkt, which is owned by the Intercontinental Exchange, as the company seeks to expand its business beyond online conversations.Two people familiar with the negotiations said that Trump Media and Technology Group is close to a full stock acquisition of Bakkt. The valuation under discussion is still unclear, but on Monday, Bakkt's market capitalization was slightly above $150 million.

ChainCatcher news, according to Ember monitoring, an address associated with the Polygon team transferred 50 million POL (21.45 million USD) to 6 addresses 32 hours ago. All 50 million POL has entered Binance in the past 2 hours.

ChainCatcher message, according to @ai_9684xtpa's monitoring, a Blockchain Capital associated address deposited 1.43 million EIGEN into Coinbase 7 hours ago, worth 3.55 million dollars, possibly intending to sell.The address received 1.74 million EIGEN tokens from the EigenLayer Delegation Manager multi-signature address a week ago, when the token price was still 2.73 dollars (the price for this deposit was 2.48 dollars, a decrease of 10%).

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, according to Fortune, foreign media reports that Trump’s social platform Truth Social may merge with Musk’s X platform (formerly Twitter). Data shows that Truth Social's revenue in the third quarter of this year was only $2.6 million, with 698,000 monthly active users on mobile and 11.3 million monthly website visits; in contrast, X platform is expected to have an annual advertising revenue of $2 billion, with 70.4 million monthly active users and up to 1 billion monthly website visits.Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, stated that since Musk took over, the content style of X platform has gradually aligned with that of Truth Social. Both platforms promote "freedom of speech" as their selling point, primarily targeting conservative audiences. Data shows that 57% of Truth Social users consider it a daily news source, while 59% do the same for X platform.In terms of content moderation, X platform still maintains relatively strict standards, banning approximately 5.3 million accounts for violations in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social, on the other hand, has almost no advertising business, resulting in relatively lenient content moderation. Industry insiders believe that a potential merger would be more commercially meaningful for Trump, serving as a cash-out exit strategy, with his shareholding currently valued at approximately $3.3 billion.

ChainCatcher news, according to Jinshi reports, analysts from the Institute of International Finance (IIF) indicate that the incoming president plans to cut taxes without reducing spending on inequality, which will cause the U.S. national debt to rise from the current approximately 100% of GDP to over 135% in 10 years.Inflation may also rise as Trump stimulates spending by imposing tariffs on foreign-made goods, making imported goods more expensive. The U.S. national debt is already close to $36 trillion, and the Institute of International Finance warns that if Trump's tax cut plan results in greater losses for the U.S. Treasury than expected, the debt could exceed 150% of GDP.Additionally, the Institute of International Finance points out that U.S. farms, construction, and healthcare "heavily rely on immigrant workers," and targeting this group under Trump's leadership could "put additional upward pressure on prices."

ChainCatcher news, according to Cointelegraph, the Ethereum scaling solution Linea announced the establishment of the Linea Association at the Devcon conference in Bangkok, Thailand. This is a Swiss non-profit organization dedicated to promoting the development and governance of Linea. The association will support Linea technology, develop the Linea market, and advance its decentralization roadmap. The association plans to launch the Linea token in the first quarter of 2025, enabling governance for token holders. Token holders will have governance rights over certain activities of the association, which will manage the core intellectual property of Linea and the funds supporting its mission.Linea is a Layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) rollup solution developed by ConsenSys. ConsenSys founder Joseph Lubin stated that the establishment of the Linea Association is an important step for the network to achieve true decentralization, avoiding excessive control by any entity.Linea founder Nicolas Liochon emphasized that decentralization is at the core of Linea's vision. He stated that Linea must be publicly owned and governed by everyone, just like Ethereum Layer-1. Lubin added that Layer-2 projects that are overly controlled by companies or a few participants struggle to succeed or maintain proper consistency with the Ethereum platform.