ChainCatcher news, QCP released a weekly summary stating that this week has been an exciting one for cryptocurrencies. BTC rose by 10.48%, reaching a high of $69,000, with the psychological barrier of $70,000 now within reach. There are no major macro data points to act as resistance next week.The inflow of BTC ETFs this week has been substantial. As of Friday, ETF inflows reached $203.3 million, and there has been a net inflow trend for six consecutive days. The continued inflow into ETFs indicates that institutional demand remains strong. With the SEC approving Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE) this morning, it is believed that this will provide the necessary liquidity for ETFs, attracting sustainable capital inflows.Bitcoin's market share currently stands at a multi-year high of 58%, a level last seen in April 2021. As it approaches the key resistance level of 60%, we believe this will lay the foundation for a strong recovery of Layer 1 (L1) tokens.As the U.S. stock market approaches historical highs, the yen continues to weaken, and with the U.S. elections approaching, risk appetite will only strengthen further. This will drive up risk assets and support the "Uptober" rebound narrative.

ChainCatcher news, Orderly Network announced on social media that it will integrate with Solana and deploy a treasury, becoming the first full-chain order book platform to support both EVM and non-EVM, allowing users from different public chains to trade perpetual contracts through Orderly Network's unified cross-chain shared order book.Orderly Network recently surpassed a total trading volume of $83 billion. It currently covers multiple mainstream blockchains, including Arbitrum, Base, Mantle, Ethereum mainnet, Optimism, and Polygon, providing over 50 trading markets for traders and decentralized exchanges, achieving liquidity and trading infrastructure across the entire chain.Following the successful deployment of the treasury on Solana, Solana users can now deposit assets on the Orderly platform and trade with counterparties on other supported chains without cross-chain transactions. The integration of the testnet has already been completed, and the mainnet integration is expected in November.

ChainCatcher news, in the context of a sluggish altcoin market, as cryptocurrency prices continue to rise, Bitcoin's market share has reached its highest level since April 2021. TradingView data shows that early this morning, Bitcoin's dominance hit a three-and-a-half-year high of 58.77%, while the price of Bitcoin also set a new ten-week high of $67,800.

ChainCatcher message, according to the Kaiko Research report, since the implementation of the EU's Markets in Crypto-Assets (MiCA) regulation, MiCA-compliant stablecoins (such as Circle's EURC and Société Générale's EURCV) have reached a market share of 67% in the euro stablecoin market, a record high.The report notes that this change is primarily driven by Coinbase, which surpassed Binance in August to become the leading platform for euro stablecoin trading. Despite the market structure adjustment, the weekly trading volume of euro stablecoins remains around $30 million, down from $100 million in March.Additionally, the report mentions the impact of the MiCA regulation on dollar stablecoins, with Coinbase planning to delist non-compliant stablecoins like USDT for European users by December 30, 2024, which may benefit MiCA-compliant USDC.

According to ChainCatcher news, the CoinShares report states that last week the inflow of funds into digital asset investment products was $407 million.The report indicates that investors' decisions may be more influenced by the upcoming U.S. elections rather than the outlook for monetary policy. Stronger-than-expected economic data had little impact on preventing capital outflows, while the recent U.S. vice-presidential debate and subsequent polls shifting towards the Republican Party, which is perceived to be more supportive of digital assets, led to inflows and an immediate rise in prices.As expected, possibly due to the political nature of the recent inflows, the U.S. saw an inflow of $406 million, while another country with significant inflows was Canada, with an inflow of $4.8 million. The total inflow for Bitcoin reached $419 million, making it the main beneficiary of recent political changes.In contrast, short-term Bitcoin investment products experienced an outflow of $6.3 million.

ChainCatcher news, according to Bitcoin Magazine, the German listed company Samara Asset Group will issue a bond of 30 million euros to purchase Bitcoin and fund shares.The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription amount of 100,000 euros.The company plans to use the bond proceeds to purchase shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry stated that this will further strengthen the company's balance sheet and diversify investments in emerging technology sectors. Bitcoin is currently the main treasury reserve asset for Samara.

ChainCatcher news, according to Jinshi reports, CICC's research report states that the Ministry of Finance has expressed a relatively positive stance, which is expected to boost investor confidence, as policy signals are being formed. On Saturday, the Ministry of Finance announced a package of incremental policy measures at a press conference held by the State Council Information Office. Against this backdrop, CICC believes that the market is likely to regain confidence after experiencing prior adjustments, with a short-term expectation of halting the decline and stabilizing. However, the rate of recovery may significantly slow down compared to before the holiday, and attention should be focused on the review of specific fiscal plans by the Standing Committee of the National People's Congress, which may convene at the end of this month.

ChainCatcher message, WBTC has completed its transition to a geographically distributed custody structure. According to the cooperation agreement between BitGo and BiT Global, the control of the underlying Bitcoin will now be shared among Singapore, Hong Kong, and the United States.The new custody structure uses a multi-signature protocol, requiring two signatures to approve any transaction and transfer funds from the wallet. After successfully transitioning to multi-jurisdictional custody, BiT Global issued the following statement: "With a diversified jurisdiction that includes the United States, Hong Kong, and Singapore, we ensure that no single jurisdiction/entity controls the custody of WBTC assets."

ChainCatcher news, according to 4E monitoring, on Tuesday, the three major U.S. stock indices rose collectively, with the Dow Jones up 0.3%, the Nasdaq up 1.45%, and the S&P 500 index up 0.97%. Large tech stocks generally rose, with Nvidia increasing by over 4%. Chinese concept stocks experienced a significant pullback, with the Nasdaq Golden Dragon China Index closing down 6.85%. The cryptocurrency market remained relatively stable, with Bitcoin down 0.45% at $62,345 before the press time.In the foreign exchange bulk market, the U.S. dollar index slightly fell by 0.06%, still hovering near an eight-week high, with non-U.S. currencies showing mixed results; the pound and euro strengthened, while the yen slightly declined. The market is concerned about oil demand prospects and the possibility of a ceasefire in the Middle East, leading to oil prices ending a five-day rise, with U.S. oil down over 4.6%. Following the significant drop in expectations for a large interest rate cut by the Federal Reserve, gold prices have been under pressure for five consecutive days, with spot gold falling over 1%, marking the largest single-day drop in a month, while silver briefly dropped nearly 5%.Affected by the overnight sharp decline in surrounding Chinese assets and the recent significant market gains, profit-taking began to cash out at high levels, with over a hundred listed companies announcing share reduction plans. After setting a record for the largest single-day gain in history yesterday, A-shares have shown a clear trend of pulling back after reaching new highs. At the market open today, A-shares experienced a significant adjustment, with the three major indices opening sharply lower, and over 5,000 stocks in the two markets declining. As of the midday close, the Shanghai Composite Index reported 3304 points, down 5.53%, the Shenzhen Component Index fell 6.19%, and the ChiNext Index dropped 7.29%.This week, the market is focusing on the U.S. September CPI data to be released on Thursday, which will provide important economic clues. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to Jinshi reports, the three major A-share indices collectively retreated, with the Shanghai Composite Index falling below 3300 points. By the close, the Shanghai Composite Index dropped 6.62%, the Shenzhen Component Index fell 8.15%, and the ChiNext Index decreased by 10.59%. More than 5000 stocks in the entire market declined, with a trading volume exceeding 2.9 trillion yuan.

ChainCatcher news, CoinGecko data shows that the total market capitalization of cryptocurrencies has dropped to $2.27 trillion, with a 24H decline of 2.7%.In addition, BTC market share has risen to 54.4%, ETH market share is 12.9%, and Ethereum Gas fee is 41.90 GWEI.

According to ChainCatcher news, as reported by CoinDesk, Bitcoin mining companies are at a critical crossroads: they can choose to pivot towards artificial intelligence (AI) and high-performance computing (HPC) to boost their stock prices, or they can stick to their core Bitcoin mining business and expand their market share while facing sluggish stock prices.In September, the largest market cap mining companies, MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), all increased their share of the total Bitcoin mined. These companies have stronger balance sheets and larger mining operations, which help them cope with the decline in profitability following the Bitcoin halving in April. However, investors have not rewarded these companies' stocks with a premium, and their performance remained lackluster in September.In contrast, mining companies focusing on AI and HPC, such as Core Scientific (CORZ), TerraWulf (WULF), and IREN (IREN), have seen their stock prices outperform Bitcoin. The halving in April reduced Bitcoin mining rewards by 50%, intensifying competition in mining and narrowing profit margins.Additionally, the recently approved spot Bitcoin ETF in the U.S. has also diminished investors' interest in mining stocks. Instead, investors are rewarding those mining companies that utilize part of their data centers to host AI and HPC-related machines for revenue diversification.AI and HPC computing require a significant amount of electricity, and Bitcoin miners have already secured these resources, making them ideal candidates for rapidly expanding AI and HPC companies. In September, the stock prices of large-cap mining companies rose by 4% to 9%, while those associated with AI and HPC saw price increases of up to 25%.

According to ChainCatcher news, as reported by CryptoSlate, the latest report from ETC Group shows that despite competition from Solana and Aptos, Ethereum still maintains a 45% market share. In the third quarter, Solana led cross-chain bridge capital flows with a net inflow of $1 billion, but is facing challenges from Aptos's growth momentum. The ETC Group report indicates that Aptos's performance is 23% higher than the average of other layer one blockchains.The Comprehensive Network Dominance Index (CNDI) shows that Ethereum accounts for 45%, Solana for 35%, and Aptos for 20%. Although Ethereum has underperformed, primarily due to market pressures such as the Dencun upgrade in March 2024 and the unwinding of yen arbitrage trades in August, it still demonstrates resilience and ongoing ecosystem expansion. The network growth of Solana and Aptos is significant, with both daily active addresses and transaction volumes showing quarterly increases. Aptos's outstanding performance is largely attributed to the Tapos Cat Game, highlighting its importance in the GameFi sector and its ability to handle a large number of transactions at a lower cost.

ChainCatcher news, according to Jinshi reports, A-shares closed with the Shanghai Composite Index up 4.59%, the Shenzhen Component Index up 9.17%, and the ChiNext Index up 17.25%. The trading volume of the Shanghai, Shenzhen, and Beijing markets reached 34,835 billion yuan.

ChainCatcher news, according to official sources, the OKX HMSTR trading competition is in full swing. From September 27, 2024, 12:00 (UTC+8) to October 11, 2024, 11:59 (UTC+8), users participating in this event have the chance to share a prize pool of 100,000 USDT, with the highest trading volume ranking first eligible to receive 20,000 USDT in cash, and the top 3,000 trading volume rankings can all receive prizes.In addition, the OKX HMSTR prize pool sharing event is also ongoing, with a total prize pool of 80,000,000 HMSTR. Users who participate and meet the trading conditions will receive 100% of HMSTR, and this event will end on October 4, 2024, at 23:59 (UTC).

ChainCatcher news, according to CryptoSlate, based on a statement from October 7, the crypto investment firm 21Shares has called on the European Securities and Markets Authority (ESMA) to establish standardized regulatory rules for including cryptocurrencies in Undertakings for Collective Investment in Transferable Securities (UCITS) funds. The company pointed out that the current approach lacks consistency, leading to confusion among retail and institutional investors across Europe. For example, Germany and Malta allow UCITS funds to include cryptocurrencies, while Luxembourg and Ireland do not.Mandy Chiu, Head of Financial Products Development at 21Shares, explained that this fragmented approach limits retail investors' ability to fully benefit from cryptocurrencies. She added, "By providing a consistent set of rules across Europe, ESMA can open new avenues for investors to diversify and enhance their portfolios in a regulated environment designed to protect investors." Chiu also noted that clear and consistent rules would help stabilize the market while promoting the growth of the cryptocurrency industry.Therefore, 21Shares urges ESMA to develop comprehensive guidelines that allow all EU member states to invest indirectly in cryptocurrencies. According to 21Shares, this would protect investors and broaden the channels for cryptocurrency investment. It is worth noting that 21Shares' call for regulatory clarity comes as ESMA reviews its recent consultation feedback on including new asset classes, including cryptocurrencies, in UCITS funds.