ChainCatcher news, according to Bloomberg, Northern Data AG is expected to complete the sale of its cryptocurrency mining business, hoping to take advantage of the rising Bitcoin market to profit. Northern Data's Chief Financial Officer Elliot Jordan stated that the company has hired bankers to invite bidders to submit offers and is currently reviewing various proposals. Jordan told investors, "Clearly, now is the best time to sell this business." The main shareholder of Northern Data is the stablecoin issuer Tether, which is seeking to free up funds to expand its artificial intelligence services business.

ChainCatcher news, the privacy-first social protocol Rarimo has announced the completion of a $2.5 million Vision round funding, specifically for founders. Ethereum co-founder Vitalik Buterin, Celestia co-founder Nick White, RiscZero co-founder Brian Retford, Gnosis co-founder Stefan George, Aleo co-founder Alex Pruden, Monad co-founder Keone Hon, Aztec co-founder Zac Williamson, Arnaud Schenk, Aztec co-founder and Zcash contributor Ariel Gabizon, Alpen Labs founder Liam Eagan, Polygon Zero co-founder Daniel Lubarov, and Distributed Labs co-founder Pavel Kravchenko are among the project founders participating in the investment.According to the Web3 asset data platform RootData, Rarimo is a protocol that enables the interoperability of assets, identities, and dApps across multiple chains, making it easier to operate across different chains, allowing users to perform actions such as transferring tokens, staking tokens, and providing cross-chain proof of ownership. The project is developed by Rarify Labs.

ChainCatcher message, former Goldman Sachs executive and founder of macro research firm Real Vision Raoul Pal posted on social media, "New Treasury Secretary Scott Bessent supports using a weak dollar and low oil prices to drive growth in the U.S. and global economy. That's all you need to know. It will boost financial conditions. Scott is good for your bag. I've known him for over a decade, and he understands this."

ChainCatcher news, this month American consumer confidence has changed little, overall, the stability of American consumer confidence this month masks the pattern of division between parties.Similar to the situation in November 2020, this month the expectations index for Republicans soared, while the expectations index for Democrats declined, reflecting the differing views of the two parties on how Trump's policies will affect the economy. In contrast, changes in the current situation among political factions this month are minimal, which aligns with the fact that the election results had almost no immediate impact on the current economic situation.Ultimately, there remains significant uncertainty regarding the future implementation of Trump's economic agenda, and consumers will continue to adjust their views in the coming months. The inflation expectation for the next year has slightly decreased from 2.7% last month to 2.6% this month. The current reading is the lowest since December 2020, falling within the range of 2.3%-3.0% seen in the two years prior to the pandemic. Long-term inflation expectations have risen from 3.0% last month to 3.2% this month.

ChainCatcher news, Blockstream announced the establishment of an asset management department aimed at bridging the gap between Bitcoin and mainstream finance. Hedge fund professional Sean Bill has been appointed as Chief Investment Officer to lead this initiative.

ChainCatcher message, Federal Reserve's Barr plans to complete the entire term as Vice Chair of Supervision.

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, posted on the X platform stating that he and Michael Saylor have reached a consensus once again.He expressed that he also believes BTC is a pristine asset, and that the tokenization of all assets, cultures, etc., will occur, but they will not be the same, ultimately leading to a variety of assets based on BTC as the foundational layer.

ChainCatcher news, Sydney Lai, co-founder of Gaia and head of developer relations, was interviewed by ABS-CBN News in the Philippines, where he shared Gaia's future vision for AI.It is reported that Gaia is a decentralized open-source artificial intelligence infrastructure platform that enables developers to create, deploy AI agents, and profit from them. The platform provides secure, collaborative AI development through decentralized applications, thereby realizing a transformative AI ecosystem based on the principles of decentralized computing and data ownership.

ChainCatcher news, at the W2140 Bangkok World AI + Web3 EXPO, core contributors of CocoCat profoundly elaborated on the vision of "RealWeb3," emphasizing that Web3 applications should feature low costs, privacy protection, borderless networks, and organic integration with AI.It pointed out that typical Web3 projects currently invest heavily in cloud computing, storage, and DDoS protection, while RealWeb3 can reduce these expenses by 99%. Privacy protection is a core pillar of RealWeb3, encompassing identity privacy, data privacy, and relational privacy, ensuring that every interaction of users is protected.Additionally, it briefly introduced the network architecture of CocoCat. The CocoCat Network, through its integration with ICP, achieves near-zero-cost application development, laying the foundation for the large-scale explosion of future Web3 applications.

ChainCatcher message, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media, "In a bull market, the hardest thing to do is nothing. Compounding takes time, while mistakes from overtrading due to FOMO come easily."

According to ChainCatcher news reported by CoinDesk, JPMorgan Chase has announced the renaming of its Onyx division, which focuses on tokenization and blockchain, to Kinexys. The bank plans to launch on-chain foreign exchange capabilities as early as the first quarter of 2025, enabling 24/7 automated multi-currency settlements.JPMorgan's JPM Coin blockchain settlement technology has also been renamed to Kinexys Digital Payments. Users of the platform include global companies such as Siemens, BlackRock, and Ant International.JPMorgan stated that with the increase in transaction volume, higher customer adoption rates, and product expansion, they are ready to accelerate the application of blockchain technology and tokenization in mainstream financial services. The new on-chain foreign exchange feature will initially support USD and EUR, with plans to expand to other currencies in the future.

ChainCatcher news, asset management company Strive announced on November 1 the establishment of a new wealth management division that will integrate Bitcoin into client portfolios.Strive's CEO Matt Cole explained, "We focus on providing true financial freedom for our clients through the thoughtful integration of Bitcoin, which sets our wealth management business apart from almost all major competitors today."Strive's new wealth management division will be led by former Bernstein executive Gary Dorfman as president and former Morgan Stanley executive director Randol Curtis as chief investment officer.

ChainCatcher News: Meta, the American tech giant, reported in its latest financial results that its metaverse business continues to lose billions of dollars each quarter. On Wednesday, Meta announced its third-quarter earnings, stating that its Reality Labs division, which develops augmented reality and virtual reality technologies, incurred an operating loss of $4.43 billion. The loss was slightly smaller than the $4.68 billion expected by analysts surveyed by StreetAccount.Reality Labs' revenue in the third quarter increased by 29% year-over-year, reaching $270 million. Reality Labs primarily generates revenue through the sale of Meta's Quest VR headsets and Ray-Ban Meta smart glasses. Since 2020, Reality Labs has accumulated an operating loss of over $58 billion.

ChainCatcher message, influenced by Elon’s tweet, the Terminus token on ETH surged over 110% yesterday, with a market cap exceeding 3.8 million USD. Its clone "First city in Mars" TERMINUS saw a short-term increase of over 20%.The concept of Terminus originates from Asimov's "Foundation" series, where Terminus is the name of the first city on Mars named by Musk.Mars city Terminus contract address: 0x44E18207b6E98f4A786957954E462ed46B8C95bE

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has published a vision to promote the thriving development of Hong Kong's fintech ecosystem. The SFC's current regulatory measures include risk-based on-site inspections and direct dialogues with senior management and controllers of applicants. Based on this, the Hong Kong SFC is implementing a rapid licensing approval process to handle applications from virtual asset trading platforms that are considered for licensing. To fulfill its commitment to promoting the sustainable and responsible development of the virtual asset industry, the Hong Kong SFC is collaborating with the Hong Kong SAR Government and other regulatory bodies to formulate regulatory proposals for providing virtual asset trading services and virtual asset custody services, continuing to enhance its investor protection efforts through active monitoring systems and public warnings, and deepening cooperation with other institutions.

ChainCatcher news, according to Bloomberg, USDC issuer Circle CEO Jeremy Allaire recently stated in an interview that the company has been eager to go public for years, and this vision has not changed. He also mentioned that the company does not need to raise funds from private markets. Allaire said, "We are very committed to the path of going public, and we can become a truly interesting company in the public market."Circle's journey to going public has been fraught with challenges. Earlier this year, Circle chose a more traditional route and secretly submitted an IPO registration draft to the U.S. SEC in January. For the nine and a half months since the IPO registration draft was submitted, Allaire has declined to comment on any interactions the company has had with the SEC or other regulatory bodies, during which time the U.S. government has conducted a massive crackdown on companies in the cryptocurrency industry.This year, Circle has been increasing its staffing in anticipation of going public, with the hiring spree fueled by optimistic sentiment regarding regulation, as Washington lawmakers may ultimately provide some regulatory framework for the industry in the form of a stablecoin bill. Allaire stated that there is strong optimism that stablecoin legislation could be passed after the November elections, and the new regulatory measures will reassure more traditional financial participants (including banks, asset management companies, and payment companies) to enter the crypto asset ecosystem.

ChainCatcher news, according to Coinpost, Japanese cryptocurrency exchange operator DMM's blockchain gaming and NFT division DMM Crypto has completed a new round of strategic financing, led by Neoclassic Capital, with the specific amount of financing undisclosed. The new funds are intended to support DMM Crypto in developing a Web3 economic ecosystem called Seamoon Protocol.In addition, DMM Crypto has established a strategic partnership with Singapore-based quantitative trading firm and liquidity provider Presto. DMM Crypto will launch the game "Kampani Girls RE:BLOOM" in October 2024 and plans to release multiple blockchain games in the future.