ChainCatcher news, according to The Block, on November 5, after the U.S. elections, the daily trading volume of cryptocurrencies surged to $126 billion against a backdrop of heightened market enthusiasm and active speculation. It has now fallen to $35 billion, a decline of about 70% from its peak, returning to pre-election levels. Recent tariff announcements targeting major U.S. trading partners have introduced uncertainty, dampening trading enthusiasm in both traditional and cryptocurrency markets.Moreover, trading volume has maintained a historical correlation with total market capitalization, with both showing similar trends in recent months. The total market capitalization of cryptocurrencies peaked at around $3.9 trillion, then fell back to the current level of about $2.9 trillion, a decrease of 25%.The shrinking trading volume may signal various potential changes in the market over the coming months. Historically, a prolonged decline in trading volume often precedes significant market volatility, as the reduction in liquidity can amplify price impacts when large participants begin to reallocate.Market participants may be waiting for a clearer comprehensive policy on cryptocurrency regulation from the Trump administration before engaging more actively. The decrease in trading activity and relatively stable market capitalization suggests that an accumulation phase may be underway, with investors focusing more on positioning rather than active trading. Upcoming regulatory announcements, particularly those regarding cryptocurrency classification and regulatory structure, could serve as potential catalysts to reignite trading activity.

ChainCatcher news, according to Cointelegraph, cryptocurrency companies have spent over $134 million in the 2024 U.S. elections.According to a report released by the Center for Political Accountability, the ties between crypto companies and U.S. politics are becoming increasingly close, raising new concerns for regulators, investors, and the broader financial system.

ChainCatcher news, according to Jinshi reports, the S&P 500 index has erased its gains since the election, evaporating $3.4 trillion in market value.

ChainCatcher news, crypto analyst Miles Deutsch posted on platform X that the amount of dollar-denominated BTC held in CME's open contracts has fallen back to the levels seen before the U.S. elections (approximately 150,000 BTC). A large part of this may simply be due to the closing of underlying trades, but it's good to see the total leverage in the system reset.

ChainCatcher news, according to Standard Chartered's head of digital asset research, Geoff Kendrick, the average purchase price of Bitcoin ETFs since the U.S. elections is approximately $97,000, indicating that investors who entered during this period have incurred cumulative losses of about $1.3 billion.The total market capitalization of the crypto market has evaporated by $800 billion in the recent crash, with Bitcoin (BTC) dropping 3.6% in a single day to $85,600, and a cumulative decline of 15% over the past month.

ChainCatcher news, according to CryptoQuant analysis, since the U.S. election, large investors have been driving up the price of Bitcoin. Holdings have increased from 16.2 million BTC to 16.4 million BTC.Meanwhile, small investors' holdings have decreased from 1.75 million to 1.69 million.

ChainCatcher news, according to CryptoQuant analysis, since the U.S. elections, large investors have been driving up the price of Bitcoin. Holdings have increased from 16.2 million BTC to 16.4 million BTC. Meanwhile, small investors' holdings have decreased from 1.75 million to 1.69 million.

ChainCatcher news, Placeholder partner Chris Burniske posted on X, stating that all the favorable factors anticipated after the U.S. elections will still apply in 2025, urging investors to remain calm and not to waver.

ChainCatcher news, according to Cointelegraph, U.S. SEC Chairman Gary Gensler stated in an interview with CNBC's Squawk Box that he believes the funding from cryptocurrency voters and digital asset interest groups is unlikely to influence the U.S. election, resulting in a victory for President Trump.Gensler will step down on the day of Trump's inauguration, and he discussed his previous talking points on investor protection during his leadership at the SEC in the interview.Gensler said, "I believe that, although as you pointed out, this election has raised funds from the cryptocurrency space, I think it is unrelated to the outcome of this election. The cryptocurrency space is a highly speculative area that has consistently failed to comply with various laws, whether it be anti-money laundering laws, sanctions laws, or securities laws."

ChainCatcher news, according to Bloomberg, the U.S. Department of Justice plans to release Special Counsel Jack Smith's final report, which accuses Donald Trump of illegally conspiring to overturn the results of the 2020 presidential election. Previously, the report had been sent to some members of Congress.In the report, Smith stated that the evidence collected by his office was sufficient to convict President-elect Trump in a trial, but due to Trump's impending return to the presidency, the relevant procedures were not advanced. Court documents from January 11 show that Smith has resigned from his position as Special Counsel and left the Department of Justice.

ChainCatcher news, 10x Research's market analysis indicates that since Trump's election in November last year, the U.S. stock market has erased all gains, despite initial expectations that the election would drive stronger growth and lower taxes. The anticipation of a rebound in the cryptocurrency market after the election quickly faded on December 6 last year, after which trading volume significantly declined, and funding rates peaked on that date, indicating its importance.Macroeconomic factors are the main drivers of the Bitcoin and cryptocurrency market cycles. The Federal Reserve cut interest rates by 50 basis points in September due to a weak labor market and recession expectations, but subsequent data showed a different trend.Although non-farm employment increased by only 12,000 in October, it rebounded to 227,000 in November, and the data released on January 10 again showed strong growth, with 256,000 new jobs added and the unemployment rate dropping to 4.1%. This data suggests that the Federal Reserve's rationale for cutting rates is flawed, undermining the basis for the rate-cutting cycle.

ChainCatcher news, according to Bloomberg, following the significant success of the cryptocurrency industry in last year's U.S. elections, Canadian digital asset companies have begun to apply the lessons they learned.It is reported that the Canadian crypto industry hopes to see digital assets become a bigger focus in that election, just like in the U.S. In July, Stand With Crypto expanded to Canada, but the Canadian branch does not intend to support candidates in the upcoming elections. Instead, its goal is to "inspire the cryptocurrency advocacy community" and launch a grassroots movement for supporters to engage in dialogue with other Canadians and their parliamentary members.Although cryptocurrency may not be a political focal point in Canada, the country has played a significant role in the industry. The second-largest cryptocurrency, Ethereum, was born in the country, and Canada is home to the world's first Bitcoin ETF. Other issues that the Canadian crypto industry lobbies for include allowing the use of Bitcoin in retirement savings plans and tax-free savings accounts, as well as incorporating crypto into open banking legislation.So far, no political party in the country has supported the industry, but digital asset companies have been trying to position crypto as a way to enhance affordability—an important focus in Canadian politics.

ChainCatcher news, despite gold prices hitting new highs and the Federal Reserve continuing to ease monetary policy, investors have sold off gold ETFs for the fourth consecutive year in 2024. Although optimism about the Federal Reserve's interest rate cuts in 2024 helped gold ETFs rebound slightly, the results of the November U.S. elections ended this new momentum. After Trump won the election, the dollar strengthened, leading to another sell-off of these ETFs, and gold prices fell from historical highs as investors shifted their funds to other areas, including stocks and Bitcoin. During times of political and economic uncertainty, investors typically seek refuge in gold.Meanwhile, the geopolitical risks brought about by the conflicts in Ukraine and the Middle East have prompted central banks in emerging markets, Asian investors, and consumers to purchase physical gold as a means of portfolio diversification and hedging. These factors have led to a decline in demand for gold ETFs. (Jin Shi)

ChainCatcher news, according to CoinDesk, Coinbase CEO Brian Armstrong and other leaders in the crypto industry have seen their wealth grow by billions of dollars in the political activities of 2024, despite investing heavily in supporting crypto-friendly candidates. Coinbase's political action committee Fairshake invested about $74 million in the elections, helping several candidates win. Armstrong gained an additional $129 million through stock sales after the election, with his stake in the company increasing in value by over $2 billion.Ripple Labs CEO Brad Garlinghouse and Andreessen Horowitz also invested $73 million and $70 million, respectively, to promote reforms in crypto policy. It is reported that Garlinghouse owns over 6% of Ripple and a significant amount of undisclosed XRP tokens. This election has tripled the value of Garlinghouse's XRP holdings, so his personal wealth is expected to have increased significantly as well. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold significant stakes in various crypto companies, and their holdings are expected to have exceeded the funds invested in U.S. politics after election day.

ChainCatcher news, Spartan Group analysis indicates that in the 2024 U.S. presidential election, Trump not only won the election with an overwhelming advantage, but the Republican Party also took control of both the Senate and the House of Representatives. This victory provides significant leverage for driving policy changes, and it is expected to be very favorable for the crypto industry in the next 12 months.The article points out that the difference in this election lies in the importance of the crypto agenda. Trump and his core advisors are crypto-friendly, and crypto companies provided substantial support during the election. Additionally, Trump expressed a desire for the U.S. to become a global crypto hub. Currently, the U.S. is a leader in crypto infrastructure, mining, and trading, but the new government's policies may further solidify this position.Historical data shows that the 12 months following a U.S. election are typically a strong performance period for crypto assets. The clarity of policies resulting from the election and the overlapping effects of the BTC halving cycle may shift market sentiment towards risk appetite, particularly benefiting the performance of small and medium-sized tokens. Spartan Group believes that as the "altcoin season" approaches, the crypto market will see more upward potential in the coming year.

ChainCatcher News, data from the Federal Election Commission shows that political action committees (PACs) related to cryptocurrency and their affiliated groups have invested over $245 million in the 2024 election cycle. According to Public Citizen, this accounts for nearly half of all corporate donations during the election period.

ChainCatcher news, according to Fortune, the long-standing feud between Elon Musk and Amazon founder Jeff Bezos has flared up again, after Musk claimed that Jeff Bezos suggested to a friend to sell Tesla stock because Trump was going to lose the presidential election.Bezos quickly replied, "No. 100% not true." Musk responded, "Okay, I admit I was wrong." and added a crying-laughing emoji.

ChainCatcher news, according to Jinshi Data, the number of users on the American social media platform Bluesky has surged as users flee X following Trump's election as the next President of the United States. The upcoming changes to the terms of service may complicate the legal challenges facing this platform. Bluesky announced on Thursday that it gained approximately 2.5 million new users in the past week, bringing the total number of users to over 16 million.According to data from the analytics company SimilarWeb, after the news of Trump's presidential election victory broke, X saw 46.5 million visits in the U.S. on November 6, which is more than any other day in the past year and 38% higher than the daily visits in recent months.However, over 115,000 American users have deactivated their X accounts, the highest number since Musk acquired the platform. Meanwhile, Bluesky attracted about 1.2 million visitors on November 6, surpassing Meta's platform Threads, which had 950,000.

ChainCatcher news, according to Jinshi reports, from November 5 to November 13, the U.S. election, Dogecoin's increase was the most remarkable, far surpassing the more market-focused Tesla and Bitcoin. On November 14, Dogecoin and Bitcoin continued their upward trend.As of November 13, data shows that Dogecoin increased by 128%, Coinbase by 47%, Tesla by 31%, Bitcoin by 29%, the banking sector by 10%, small-cap stocks by 4.9%, the S&P 500 by 3.6%, and the U.S. Dollar Index by 3.1%.In addition, long-term U.S. Treasuries, crude oil, gold, and Trump Media & Technology Group experienced declines.

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.