ChainCatcher news, according to China News Service, the President of the Hong Kong Monetary Authority, Eddie Yue, stated in Beijing that over the past year, the Hong Kong financial system has been very stable, and in the future, stability will remain a priority. He also mentioned that there will be an enhancement of connectivity with the mainland financial market, as well as the development of financial technology and green finance.Eddie Yue further stated that in the future, financial technology and green finance will be the key focus areas for the Hong Kong Monetary Authority. The HKMA will continue to explore cooperation with central banks that have similar developments and goals internationally, promote financial technology innovation, and will also continue to respond to market demands in the development of green finance. He revealed that Hong Kong has now become the preferred green financing platform for international issuers in Asia, with the total amount of green and sustainable bonds arranged by Hong Kong accounting for more than one-third of the Asian market.

ChainCatcher news, IntoTheBlock reported that Ethereum (ETH) has returned above $4000, with 7.2 million ETH purchased at slightly below the $4000 price range, indicating significant demand in the market. This demand is expected to support Ethereum's value to remain above $4000.

ChainCatcher news, according to Cryptoslate, founder of the Satoshi Act Fund, Dennis Porter, stated that U.S. President-elect Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order, intending to use the Treasury's Exchange Stabilization Fund (ESF) to purchase Bitcoin. The ESF is typically used to address financial crises, with total assets exceeding $200 billion as of October 2024. If implemented, this plan would position the U.S. at the forefront of the global Bitcoin reserve race.At the same time, several U.S. states have begun to push for Bitcoin reserve legislation, including Pennsylvania and Texas. Additionally, countries such as Brazil, Poland, and Japan are also discussing proposals to establish national Bitcoin reserves.

ChainCatcher news, according to Jinshi reports, the Bank of Korea vowed to stabilize the financial market in its first statement after the impeachment of Yoon Suk-yeol, emphasizing the importance of "continuously implementing" key fiscal and economic measures.The Bank of Korea stated, "The Bank of Korea intends to work with the government to utilize all available policy tools to respond to and avoid escalation of volatility in the financial and foreign exchange markets." The Bank of Korea compared the current situation with the impeachment phases of previous presidents, believing that "external challenges such as increased uncertainty in the trade environment and intensified global competition are greater. If these external factors overlap with domestic factors, their impact may be amplified." The Bank of Korea called for intervention measures to improve the economy.

ChainCatcher news, according to BusinessInsider, this week Microsoft investors rejected the proposal to purchase Bitcoin. Gracy Chen, CEO of the cryptocurrency exchange Bitget, stated that this was expected, as most Microsoft shareholders likely value the asset stability of this software giant, and said: "Microsoft's investment in Bitcoin could mean facing additional risks, while many invest in Microsoft because it is a predictable good business. For shareholders looking to build their diversified portfolios, mixing assets like cryptocurrencies into the company's balance sheet could complicate the company's valuation and distract investors from the core business objective of purchasing its stock."

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X platform that Microstrategy (MSTR) is not in a bubble. As the company continues to accumulate BTC, their Bitcoin holding premium has decreased from 240% to 99% over the past 4 weeks. If they balance NAV (Net Asset Value) and BTC premium when purchasing, both MSTR and BTC prices can undoubtedly rise steadily.

ChainCatcher message, the U.S. government's Efficiency Department (DOGE) posted on X stating: "The federal government spends 80% of its $100 billion IT budget each year on maintaining outdated systems. Old systems not only have higher maintenance costs but are also more vulnerable to hacking."

ChainCatcher news, according to Jinshi reports, the South Korean Ministry of Finance stated that recent market fluctuations have been somewhat excessive and will take measures to stabilize the market in response. Possibly influenced by this news, the South Korean KOSPI index opened up 1%.

ChainCatcher message, Bitfinex post analysis, last week, Bitcoin reached an all-time high, breaking the $100,000 mark for the first time, hitting a historic high of $104,000. This marks a 111% increase from Bitcoin's low of below $50,000 during the summer. However, after the rebound, there was a significant 14.84% pullback, including a rapid 10% drop within just eight minutes, which is the largest pullback from the current all-time high since the sell-off before the U.S. elections. This pullback triggered over $1.1 billion in liquidations, with $419 million in Bitcoin long positions, highlighting the level of leverage in the market.Despite the market's extreme volatility, signs of stabilization are emerging. The realized profit metric had peaked at $10.5 billion daily but has now dropped to $2.5 billion, easing selling pressure. The futures funding rate has also normalized, indicating a decrease in speculative leverage. Although ETF inflows slightly slowed over the weekend, they remain a key source of support against the backdrop of long-term holders continuing to take profits. As Bitcoin consolidates above $100,000, the medium-term outlook remains bullish, and with the normalization of funding rates and easing selling pressure, there is potential for further upside as long as ETF inflows continue to increase.Additionally, the Federal Reserve is assessing potential policy shifts that the new government may undertake, while the economy remains supported by a resilient labor market and stable consumer demand. However, the uneven recovery across various sectors suggests a need for cautious optimism.

ChainCatcher news, according to CoinDesk, FxPro's chief market analyst Alex Kuptsikevich stated, "Bitcoin's failure to stabilize above $100,000 may have suppressed overall market buying. Bitcoin's trading price is below $99,000, with minimal overnight fluctuations. Its inability to rise has negatively impacted altcoins.We believe that Bitcoin's stagnation is an important price correction that helps the market shake off short-term overbought conditions and rise more reliably. However, based on Fibonacci extension forecasts, the next wave of upward momentum may push the price toward around $120,000."

ChainCatcher news, according to a report by Jinshi citing the Korean News Agency, South Korean regulators stated that they are ready to deploy a 100 trillion won stock market stabilization fund at any time.

ChainCatcher news, according to Jinshi reports, South Korean central bank officials stated that they are prepared to take sufficient measures to stabilize the market if necessary, and will release information after the meeting.

ChainCatcher news, according to Decrypt, the Bernese Cantonal Parliament in Switzerland passed a proposal with 85 votes in favor and 46 against, which will explore the use of Bitcoin mining to absorb surplus electricity and stabilize the grid. The proposal was introduced by a bipartisan Bitcoin parliamentary group on March 14, 2024, and was approved despite government opposition. The proposal requires the government to submit reports on three key aspects: identifying unused energy areas in Bern, assessing the feasibility of collaborating with Swiss mining companies for Bitcoin mining, and analyzing its potential to stabilize the grid during fluctuations in power supply.

ChainCatcher message, Ethereum co-founder Vitalik Buterin commented on the newly launched on-chain accountability protocol Commit, saying, "This is so cool! I think we need an interface to use it to sign up for events." The protocol aims to hold participating users accountable through cryptocurrency staking. If a user fails to fulfill their commitment, their staked share will be shared by the fulfillers.

ChainCatcher news, Lista DAO has released a proposal titled "Proposal to Introduce a Pegged Stability Module Utilizing lisUSD Savings Rate". The current voting approval rate is 100%, and the voting will end on November 25.The proposal includes the introduction of a Pegged Stability Module (PSM) and a lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide users with deposit returns. Initially, the PSM will support USDT, with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC in the future, with a maximum limit of 15 million lisUSD. The initial interest rate of the LSR is pegged to a fixed spread of 1% below the borrowing rate of lisUSD against BNB and will be dynamically adjusted based on market demand. Additionally, a 2% fee will be charged for converting lisUSD to USDT, while converting USDT to lisUSD will be fee-free.

ChainCatcher news, according to Jinshi reports, the Wall Street Journal evaluates the U.S. CPI data and points out that although inflation data is stabilizing, it still seems possible for Federal Reserve policymakers to cut interest rates by another 25 basis points at their last meeting of the year next month. This is primarily because, despite the bumps along the way, inflation still appears to be on a cooling trend.Additionally, there remains a certain degree of "catch-up inflation" in the data. Federal Reserve officials also believe that the current short-term interest rate levels are restrictive, which means that without further rate cuts, the labor market may cool more than they expect, even putting the economy at risk of recession.That said, the U.S. Department of Labor will release the next consumer inflation report on December 11, one week ahead of the Federal Reserve meeting. If the data is much stronger than what Federal Reserve officials hope for, they may choose to temporarily pause further rate cuts. This is especially true if the November employment report, scheduled for release on December 6, shows a rebound in employment, confirming that last month's slowdown was merely a reflection of hurricane and strike-related issues.

ChainCatcher news, according to Cointelegraph, the central bank of Norway, Norges Bank, has recognized the European Union's Markets in Crypto-Assets Regulation (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC).Kjetil Watne, the project director of Norges Bank's CBDC project, stated that Norway, as a member of the European Economic Area (EEA), welcomes the MiCA framework. However, he noted that the bank is still considering "whether additional regulation is needed to promote financial stability." Norges Bank has "not yet decided" whether to issue a CBDC and is assessing how to "mitigate regulatory gaps associated with decentralized finance."

ChainCatcher news, according to Jinshi Data, the Bank of Italy stated that regulatory instability and increased taxes on cryptocurrencies may lead operators to conceal their activities.

ChainCatcher news, according to News.bitcoin, JPMorgan CEO Jamie Dimon expressed great concern over the escalating geopolitical threats, stating that global tensions are the most pressing threat to economic stability.According to recordings obtained by Fortune magazine, Dimon warned during a speech at the Institute of International Finance last week that the ongoing conflicts in regions such as Ukraine and the Middle East could trigger a series of events and potentially escalate into a global war. Dimon shifted the focus away from current economic issues in the U.S., stating that factors such as a hard landing or soft landing next quarter are "insignificant" compared to geopolitical issues.Although he expressed deep concern, he also acknowledged that the risk of large-scale conflict might decrease, stating that tensions could "ease over time," and mentioned the possibility of ceasefires in regions like Ukraine and the Middle East. However, he expressed skepticism about significant improvements, adding, "I talked about the risks we face if things worsen. The scenarios we envision would shock you. I don't even want to mention them."