ChainCatcher News, President Biden delivered a national address on Thursday local time, stating that he will work to ensure a smooth transition from the current administration to the incoming Donald Trump administration."Yesterday, I spoke with President-elect Trump to congratulate him on his victory, and I assured him that I have instructed the entire government to cooperate with his team to ensure a peaceful and orderly transition. This is what the American people deserve." He added that he hopes Trump's recent victory in the 2024 presidential election will dispel his doubts about the validity of the 2020 election. "I also hope we can address the issues regarding the fairness of the American electoral system. It is honest, fair, transparent, and trustworthy, regardless of winning or losing," Biden stated.

ChainCatcher news, according to The Block, has reported that Vinay Gupta, a technical expert who helped coordinate the launch of Ethereum, is seeking to promote rational cryptocurrency policies to the transition team of elected President Donald Trump.Additionally, inspired in part by Trump's overwhelming victory on Election Day, Gupta is considering relocating himself and his team from the blockchain company Mattereum in the UK to the United States. He added, "We plan to move personnel (including myself) to Washington, D.C. soon to assist with the cryptocurrency transformation in America."Vinay Gupta stated that part of his plan includes replicating some of the policies he helped formulate in the UK, including a recently proposed parliamentary bill that attempts to formally define crypto assets as property, as well as successfully advocating for the country to recognize smart contracts as "actual contracts."

ChainCatcher news, according to Jinshi reports, on November 6 local time, the campaign team of Republican presidential candidate Trump, who had previously announced victory in the 2024 U.S. presidential election, stated that Trump has accepted the invitation from current President Biden to meet at the White House to discuss the presidential power transition. The specific date of the meeting has not yet been announced, but a spokesperson for Trump's campaign team stated that the meeting "will take place very soon" and noted that Trump "greatly appreciates" the congratulatory call from Biden on the 6th.

ChainCatcher news, according to TheBlock, the Bank for International Settlements report emphasizes that major financial institutions are trialing tokenized deposits to improve settlement efficiency and programmability. However, the transition from traditional finance to tokenization may pose risks, including potential governance and legal framework issues, as well as credit, liquidity, custody, and operational risks. These challenges may differ from those faced by traditional market infrastructure, thus requiring a comprehensive assessment by central banks.Of course, tokenization also has many benefits, including reduced transaction costs and faster transaction speeds. Governance, legal, and liquidity risks are the key concerns of central banks regarding tokenized assets.

ChainCatcher news reports that, according to sources, Harris's transition team is reviewing candidates to succeed Gary Gensler as the Chair of the U.S. Securities and Exchange Commission (SEC).Unchained has learned that there are two potential successors: Georgetown University law professor Chris Brummer and Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams, who are said to have a more favorable view of cryptocurrency than Gensler.Vice President Harris has not publicly or privately committed to replacing Gensler, and it is unclear whether she is seriously considering Brummer, Williams, or other candidates. Currently, Harris's team is more focused on campaigning, as she has just become a candidate and has other policy issues to prioritize.A spokesperson for Harris's transition team stated, "The transition team will not make any personnel appointments before the election. Instead, we are focused on building the necessary infrastructure to be prepared."

ChainCatcher news, according to Cointelegraph, the EU will transition from national laws regarding Crypto Asset Service Providers (CASP) to the Markets in Crypto-Assets Regulation (MiCA) by December 30. The Cyprus Securities and Exchange Commission (CySEC) is providing a model for this transition by freezing CASP applications and warning market participants of the upcoming changes.Starting from October 17 (the date of the announcement), CySEC will no longer accept CASP applications submitted under Cyprus national law. CASPs that successfully registered under national law before the December 30 deadline will be able to operate in that jurisdiction until July 1, 2026, unless authorized or denied authorization under Article 63 of MiCA before then. Once the MiCA regulations come into effect, CASPs will be subject to the Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) of the European Commission.These standards have not yet been published, but CySEC advises relevant parties to refer to the draft Technical Standards published by the European Securities and Markets Authority (ESMA) during this period. On October 30, CySEC will stop accepting notifications of intent from EEA entities to provide services in Cyprus under Cyprus national rules; entities that submit notifications before this date will be able to operate under the same conditions as local entities until July 1, 2026.

ChainCatcher news, Starknet posted on the X platform stating that while the first phase of staking has gone live on Starknet Sepolia, it must be emphasized that this is just the beginning of a broader plan to transform Starknet into a fully decentralized PoS network. The vision for this transition is as follows:Phase 1: Introduction of a permissionless staking protocol and staking delegation, with validators expected to run a full node in preparation for the next phase.Phase 2: Validators will begin to prove blocks, signing blocks when randomly selected to do so.Phase 3: Validators will verify and vote on blocks ordered by the sequencer, with consensus proving to L1.Phase 4: Validators will take full responsibility for maintaining and securing the network by generating, proving, and validating blocks.This phased approach allows Starknet to cautiously roll out staking and make adjustments over time to meet the evolving needs of the community. Furthermore, the four phases outlined above are not a rigid or static plan and may change based on observations made during the process.

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, Startale CEO Sota Watanabe posted on X: "Since the announcement of the transition from Astar zkEVM to Soneium, one of the most common questions is about the future direction of Astar and the role of the ASTR token. This transition represents the first phase of Astar Evolution. The second phase has already been determined by the Astar Foundation, and we are entering the execution phase."Currently, the team is considering several potential development directions and hopes to discuss these with the community, including ASTR as an ecosystem asset; ASTR as a DeFi asset; ASTR as currency in consumer applications with AA; and ASTR for enhancing the security of Soneium infrastructure, etc.

According to ChainCatcher news, as reported by Jinshi, sources say that OpenAI is discussing allowing CEO Sam Altman to hold 7% of the company's shares and restructuring into a for-profit entity. This significant shift would mark the first time Altman gains ownership of the artificial intelligence startup.Sources indicate that the company is considering becoming a public benefit corporation, helping society while achieving profitability. They also mentioned that the transformation is still under discussion, and the timeline has not been determined. An OpenAI spokesperson stated that OpenAI remains "focused on building AI that benefits everyone," adding that "the nonprofit organization is our core mission and will continue to exist."

ChainCatcher message, the decentralized AI reasoning project Gaia announced on X that Gaia can now achieve the transition from AI creativity to execution. MetaMask Chief Engineer Gui Bibeau has developed a tool that integrates AI search functionality between Gaianet_AI and nextjs, featuring source link previews, LLM summaries, and streaming capabilities for rapid UI implementation. This tool will be open-sourced in two days.Users can now view use cases of this tool from Gui Bibeau.

ChainCatcher message, regarding the departure of Ethereum Foundation core researcher Danny Ryan, Ethereum co-founder Vitalik posted on the X platform: "I am very grateful for the hard work you have done for the Ethereum ecosystem. You are an important force in bringing Ethereum to where it is today, and I hope you can take pride in helping the world reduce 0.23% of its electricity consumption, and I also hope you can take a good rest."Vitalik included an image in his reply, which stated "Ethereum's total electricity consumption (during the PoW period) accounted for 0.23% of the world's total electricity consumption."

ChainCatcher news, BounceBit announced that a governance proposal will be released tomorrow, transitioning from a whitelist system to an open permissionless blockchain for all developers and users.During the whitelist phase, BounceBit focused on developing CeDeFi and BounceClub. In the new phase, the BounceBit team will continue to develop new DApps and infrastructure while providing abundant developer resources, including private RPC, documentation, and technical support.

ChainCatcher news, according to The New York Times, Trump plans to appoint John F. Kennedy Jr. and Tulsi Gabbard as co-chairs of his transition team.

ChainCatcher news, according to The Block, Republican presidential candidate Donald Trump announced that if he is elected president again, Tether bank Cantor Fitzgerald CEO Howard Lutnick will help lead his transition team.It is reported that Lutnick will serve as co-chair alongside former U.S. Small Business Administration Administrator Linda McMahon. If Trump is elected, his vice presidential pick JD Vance and Trump's sons Donald Trump Jr. and Eric Trump will serve as honorary chairs.Tether CEO Paolo Ardoino previously stated that Cantor Fitzgerald has been serving as Tether's custodian since the end of 2021. Paradigm Vice President of Government Affairs Alexander Grieve stated that Trump's choice is significant for the crypto industry.