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."

ChainCatcher message, Zhu Su posted on social media stating that a subtle view on why crypto venture capital funds infrastructure instead of applications is that good applications do not need venture capital (especially large party rounds) because they can achieve net profit very quickly and have lower building costs.

ChainCatcher news, Reserve Bank of India Governor Shaktikanta Das reiterated a cautious stance on cryptocurrencies, stating that they have the potential to undermine the stability of the financial system.Das recently spoke at the Peterson Institute for International Economics' 2024 Macro Week, where he mentioned that the creation of cryptocurrencies is intended to bypass the traditional financial system. The fundamental issue is whether authorities or governments are willing to accept privately issued cryptocurrencies that possess all the characteristics of money.He believes that issuing currency is traditionally a sovereign function. Allowing cryptocurrencies to flourish could detach parts of the economy from central bank control, a shift that could lead to monetary instability.He further elaborated on the risks, particularly how cryptocurrencies could weaken the central bank's ability to manage the money supply, which is crucial for controlling inflation and managing economic cycles. "If the central bank loses control over the money supply in the economy... how can banks check the available liquidity in the system?" Das emphasized that if cryptocurrencies become prevalent, the financial and monetary systems could face chaos.

ChainCatcher news, Binance Labs announced an investment in the Solana ecosystem fitness accountability app Moonwalk Fitness. Moonwalk Fitness plans to use this round of funding to accelerate product development and launch iOS and Android applications.According to reports, Moonwalk Fitness combines gamification and financial incentives to promote a healthier lifestyle. It encourages users to complete daily step goals by staking USDC, SOL, or BONK; those who fail to meet the goals will lose part of their stake, while rewards are distributed to the winners.Previous news, the crypto fitness app Moonwalk announced the completion of a $3.4 million funding round, led by Hack VC, with participation from Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal.

ChainCatcher news, according to Cryptonews, the Financial Stability Board (FSB) has released a report indicating that while the current impact of tokenization on global financial stability is limited, potential risks may increase as its application expands. The report emphasizes that the risks of tokenization to global financial stability are currently limited, primarily due to its small scale and early adoption stage. Most tokenized assets remain confined to pilot projects and niche markets, with low integration into the broader financial system.The report also points out several factors hindering the integration of tokenization into mainstream finance, including technological challenges, a lack of cross-platform standardization, and deficiencies in existing regulatory frameworks. The FSB believes that these obstacles help to some extent in controlling related risks, as the broader financial markets have not yet faced significant risks.Despite the current limited impact, the FSB still highlights the potential risks that may arise from the increased application of tokenization. As these markets expand, challenges such as legal uncertainties regarding asset ownership and cross-border transaction management may become more pronounced. In particular, as the tokenization market deepens its ties with traditional finance, these issues could create greater vulnerabilities.

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 news, DWF Labs co-founder Andrei Grachev posted on X: "The meme coin market has become a mature and solid part of the industry. It leverages extreme fear and greed, allowing savvy investors and traders to amass significant wealth. DWF Labs institutionalized its investment in meme coins years ago, and it remains one of our priorities."

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje tweeted: "Investors and businesses want to achieve centralization. Decentralized profitability is difficult and challenging. In the future, we will see many DApps become L2, and eventually (when they get tired of managing) decentralize and become L1. Just as many L1s will become L2 until they need to decentralize and become L1 again. Let the fragmentation continue. Compared to all the technical concepts I've learned, I believe monolithic technology is the winner."

ChainCatcher news, according to Chosun Biz, at the 2024 Seoul Fintech Week, Lee Hyun-deok, head of the Virtual Asset Regulatory Bureau of the Financial Services Commission (FSC) of South Korea, emphasized that although the current impact of the cryptocurrency market on financial stability is still limited, this impact is expected to intensify.He pointed out that the recent cryptocurrency regulatory measures introduced in South Korea may trigger further discussions on regulatory details, leading to regulatory uncertainty. This uncertainty could potentially affect innovation and development in the cryptocurrency sector.

ChainCatcher news, Matrixport released a chart stating that since the halving in April 2024, Bitcoin mining daily revenue has significantly decreased from $70 million to $31 million. However, mining stocks have performed relatively well, slightly lagging behind Bitcoin but overall better than expected. As revenues gradually bottom out, mining stocks may see a rebound.Many mining companies have chosen to hold Bitcoin inventories, reducing sales on exchanges, which has alleviated market selling pressure. This strategy not only provides shareholders with Bitcoin operational leverage but also increases inventory leverage. MicroStrategy shareholders have reaped substantial returns using a similar strategy.

ChainCatcher news, according to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Tuesday that Bitcoin (BTC) prices and network hash rates saw a slight increase in September, while daily mining revenue and gross profit declined for the third consecutive month.Data shows that the hash rate has increased for the third consecutive month, rising by 2% from August to reach 643 EH/s. JPMorgan estimates that the daily block reward gross profit in September decreased by 6% month-over-month to $16,100 per EH/s (gross margin of 38.4%), marking the lowest point in recent times.

ChainCatcher news, according to official sources, the game blockchain Tabi has announced that its testnet V2 "Yoake" is officially online. Tabi plans to build based on Telegram and LINE, aiming to promote large-scale consumer-facing dApp applications and achieve interoperability across platforms and blockchains.

ChainCatcher news, Hong Kong Monetary Authority Vice President Li Dazhi commented on the 19th that the Federal Reserve's current interest rate hike cycle began in March 2022 and lasted until July 2023, during which a cumulative increase of 525 basis points occurred. After a period of fluctuations, U.S. inflation has largely confirmed a decline, and there are also signs of a slowdown in the labor market recently. Therefore, the Federal Reserve decided to cut interest rates by 50 basis points, which roughly aligns with market expectations. (Jin Shi)

ChainCatcher news, Tether announced on the X platform that it has launched a global initiative with Valora and Stabila Foundation aimed at educating users in emerging markets about the use cases of stablecoins and promoting the adoption of blockchain.

ChainCatcher news, according to CryptoSlate, the Vice President of Research at Bitcoin mining company Riot Platforms, Pierre Rochard, stated that in Texas, excess electricity production caused its price to drop to $0 at one point, and Bitcoin miners were able to absorb this surplus energy, effectively stabilizing the grid.Analysis points out that Bitcoin mining is often criticized for its energy consumption and environmental impact. However, it also provides significant benefits, particularly in terms of grid stability and energy efficiency. One key advantage is that Bitcoin miners can quickly turn mining equipment on and off, responding to fluctuations in energy demand.