ChainCatcher news, Placeholder partner Chris Burniske posted on X: "If you feel frustrated that you didn't sell before the market pullback after the Fed FOMC meeting, understand that you actually don't have much of an edge in predicting market reactions. Take this experience as an opportunity to slow down. Don't overtrade. In the long run, as long as you're patient, you'll be fine."

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 market news, U.S. media disclosed that NVIDIA CEO Jensen Huang utilized a well-known loophole in the U.S. federal estate and gift tax to avoid taxes, amounting to nearly $8 billion (approximately 58.1 billion RMB). (Jin Ten)

ChainCatcher news, according to Lookonchain monitoring, Ban token developer Michael Bouhanna has launched a new token called VOID. A trader spent 35 SOL (82,000 USD) to purchase 462.32 million VOID, accounting for 44% of the total supply.So far, the trader has sold 439.88 million VOID for 4,604 SOL (1.08 million USD). They made over 1 million USD in just 30 minutes.

ChainCatcher news, according to GMGN data, the newly created meme coin VOID by the suspected vice president of Sotheby's briefly surpassed 0.27 USDT, with a market cap exceeding 10 million dollars within half an hour of opening.

ChainCatcher news, Federal Reserve Chairman Powell will be interviewed at the DealBook/Summit conference hosted by The New York Times at 02:45 Beijing time on Thursday.Analysts from the monetary policy and global macro research consulting firm LHMeyer indicate that Powell may still be reluctant to discuss his views on the December meeting. Powell is unlikely to have a clear inclination towards the December decision like Waller (who supports a rate cut in December). The market expects the Federal Reserve to cut rates in December, but still considers the possibility of a wait-and-see attitude to be quite high. Such an arrangement does not seem to trouble Powell. (Jin Shi)

ChainCatcher message, on-chain detective ZachXBT reminds users to enhance account and fund security. He stated that currently Yubico (security keys), Proton (email service), and Tutanota (email service) are all having discount promotions. Proton supports Bitcoin payments, while Tutanota can use Monero (XMR) to purchase gift cards through the official partner ProxyStore.In addition, hardware wallet brands Trezor and Ledger have some products on promotion as well. ZachXBT advises users to avoid using Gmail or SMS 2FA (two-factor authentication) and to switch to security keys or hardware wallets for fund storage as soon as possible.

ChainCatcher message, according to GoPlus security monitoring, has currently discovered phishing scams related to rights protection and compensation, such as "Rights Protection Community," "DEXX Theft Registration," and "DEXX Compensation," specifically targeting users who have been stolen from DEXX. Users should be cautious in identifying these and must not upload private keys/mnemonic phrases or connect wallets for confirmation to avoid further harm.

ChainCatcher message, OneKey's official Chinese account posted on social media that DEXX may have uploaded users' clipboard content.It has received feedback that the app repeatedly requests "upload user clipboard content" permission. If users have copied private key mnemonic phrases on their phones, they may need to transfer their assets as soon as possible.

ChainCatcher news, according to Fortune, U.S. President-elect Donald Trump has announced the appointment of billionaire Elon Musk and Vivek Ramaswamy to lead the newly established "Department of Government Efficiency" (D.O.G.E). The department's name is a nod to Dogecoin and will work with the White House Office of Management and Budget to promote structural reforms in government.Ann Skeet, Director of Leadership Ethics at Santa Clara University's Markkula Center, pointed out that Musk's business interests are in direct conflict with government interests. Musk's companies have close ties to the government: SpaceX holds over $4 billion in NASA lunar program contracts; Tesla benefits from government tax incentives and is also subject to automotive safety regulations; the social platform X is facing investigations by the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC); other businesses like the artificial intelligence company xAI, brain-machine interface company Neuralink, and tunneling company Boring all intersect with federal regulation.Richard Painter, a former White House ethics lawyer during the Bush administration, stated that if DOGE operates as a government agency, Musk would need to divest his business interests or recuse himself from related matters, unless Trump grants a rare exemption. Automotive safety advocates are concerned that efficiency reforms led by Musk could undermine the functions of regulatory agencies like the National Highway Traffic Safety Administration (NHTSA).

ChainCatcher news, November 7, FTX co-founder Gary Wang's lawyer argued that Wang should not be sentenced to prison, as he cooperated with authorities and was unaware of the extent of the exchange's criminal activities.According to a sentencing memorandum submitted on Wednesday, Wang stated that he was not aware of the misappropriation of FTX customer funds by sister company Alameda Research and only learned of the situation after the fraudulent activities were "well underway." Wang is scheduled to be sentenced in a New York court on November 20. Wang's son is also set to be born a week later on November 27, and both he and his wife Cheryl Chen are full-time software engineers. The memorandum states that his current work includes supporting "forensic companies, criminal investigators, and judicial professionals seeking to preserve evidence faithfully."Wang later testified in SBF's trial, telling the court about the special privileges secretly granted to Alameda Research for accounts on FTX. The lawyer also stated, "It is crucial, as acknowledged by the government and evidenced in the trial, that when Gary was writing code, he had no idea that Bankman-Fried would exploit these features to steal customer funds. Bankman-Fried did not even inform Gary before he began to utilize these features (let alone coordinate with him)."

ChainCatcher message, according to CNBC, the crypto industry has raised over $245 million in this cycle, coming from a mix of corporate and individual donors. This industry accounts for nearly half of all corporate fundraising.Despite pouring significant funds into advertising, these groups have not focused on conveying information about cryptocurrencies to voters.

ChainCatcher news, according to IBT, Elon Musk stated at a town hall meeting in Pittsburgh, Pennsylvania, that he does not want to discuss any specific cryptocurrency, but pointed out that cryptocurrency could be a "fortress" against centralized control.Musk avoided questions about whether he believes the decentralized public blockchain XRP Ledger will be integrated into the financial system in the future. He emphasized that this does not represent his endorsement or disapproval of XRP.

ChainCatcher news, according to Shield monitoring, the Void token on the Base network has dropped by 99%. The deployer thevoid.base.eth removed liquidity about 8 hours ago, exchanging the token for approximately 130 ETH (worth about $360,000), and has deposited it into Binance.

ChainCatcher news, according to Decrypt, billionaire investor Mark Cuban stated in an interview that he had pointed out to U.S. Vice President Kamala Harris's cryptocurrency advisor that the collapse of FTX could have been avoided if Gary Gensler had not been leading the U.S. Securities and Exchange Commission (SEC).Cuban criticized SEC Chairman Gary Gensler for relying too heavily on litigation enforcement rather than developing targeted regulatory policies for the cryptocurrency industry. He specifically mentioned Japan's regulatory model, believing that its requirement for cryptocurrency companies to provide full collateral for the digital assets held on behalf of customers is worth emulating. Cuban stated, "If Gensler had taken a similar approach to Japan, companies like FTX and Three Arrows Capital would not have collapsed."Japan has implemented a comprehensive regulatory framework for digital assets since 2017, requiring exchanges to strictly separate customer assets and maintain sufficient reserves. After the Coincheck hack in 2018, Japan further strengthened its regulatory measures, increasing security protocols and capital requirements for cryptocurrency exchanges.

ChainCatcher news, according to Ibtimes, the U.S. House Financial Services Committee will hold a hearing titled "Oversight of the SEC" on September 24, with SEC Chairman Gary Gensler in attendance to testify. Tomorrow, he will appear alone at a Senate hearing. After the announcement of Gensler's attendance, many users in the crypto community expressed criticism and dissatisfaction.NFT collector Medic Matt stated that attending the congressional hearing would be "a great opportunity for resignation," with some community members calling for Gensler to hand over the SEC chairmanship to someone more capable. Cryptocurrency researcher Anderson predicted that Gensler would "not answer any questions and just waste everyone's time." Anderson noted that during a hearing in 2023, Gensler repeatedly refused to answer lawmakers' questions about whether Ethereum is classified as a security or a commodity.Cryptocurrency YouTuber James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately destroying the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban stated that the SEC should be shut down. He urged Gensler: "Resign now, before you get fired by Trump later."Previously, Republican presidential candidate Donald Trump stated that if elected in November, he would fire SEC Chairman Gary Gensler on his first day in office. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry, as more and more Republican politicians have acknowledged the rapid growth of the industry.

ChainCatcher news, Solana co-founder Anatoly Yakovenko shared key points for startup survival on the X platform.He emphasized that the only reason startups fail is running out of funds, and avoiding fund depletion can ensure the company's survival. Yakovenko warned entrepreneurs to be highly cautious of long-term contracts, such as long-term office leases or data center agreements, as these are equivalent to debt. He suggested keeping contract expenditures below 20% of total expenses; otherwise, it can be very dangerous.Yakovenko also pointed out that large teams can quickly deplete funds. He recommended that each employee should justify their value through profit or revenue. If the company has an 18-month cash reserve, it needs to achieve profitability or refinance within 6-12 months; if it is not profitable after 6 months, it may need to cut expenses by 33%; after 9 months, a 50% cut may be necessary. Considering that contract expenditures cannot be reduced, this could lead to layoffs of 50% or even 70%.