ChainCatcher news, Kaiko predicts that ETH will experience positive growth by 2025. Analysts state, "ETH will be one of the biggest winners of the regime change in Washington, D.C." The company believes that its clear classification—whether as a commodity or a security—will stimulate growth next year.Despite many investors becoming increasingly cautious about ETH, especially after the ETH/BTC exchange rate hit a new annual low, it has stabilized and risen after the election.According to Coinglass data, Ethereum ETFs recorded only three days of outflows in the past 30 days. Meanwhile, investors have poured in over $12 billion.

ChainCatcher message, Taiko posted on X: "At 10:45 Beijing time, the Taiko mainnet went down for 30 minutes due to an ABI issue during a contract upgrade aimed at optimizing ZK verification and increasing coverage. The issue has now been resolved, the network is operating normally, and measures are being taken to prevent similar incidents from occurring again."

ChainCatcher news, according to data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the U.S. elections, ETH has yet to test its historical high of around $5000 from 2021.However, last weekend, the price of ETH stabilized around $4000, indicating that it may be poised to test a new price range. The rise in ETH prices coincides with a resurgence of market interest in ETH ETFs, which set a record for historical fund inflows last week. Institutional investors have shown a significant increase in interest in ETH and are optimistic about potential returns in 2025.Additionally, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) may further drive market demand, with ETH potentially being a significant beneficiary of this change.

ChainCatcher message, Kaiko pointed out in its market analysis that the recent rise in cryptocurrency has led to an increased demand for off-chain and on-chain liquidity of stablecoins. Since late October, the cost of borrowing USDT and USDC from Binance has more than doubled. While these rates typically fluctuate based on market conditions and supply-demand dynamics, this increase indicates a growing demand for leveraged positions in both spot and futures markets. Meanwhile, the market capitalization of stablecoins has also reached an all-time high.Additionally, the stablecoin lending rates on Aave V3 have also risen in November. In recent months, the cumulative trading volume delta (CVD) of USDT-USD has shown a significant increase in net buying since November, indicating that traders are shifting from fiat currency to stablecoins. The dominance of USDT relative to other dollar-backed stablecoins surged from 69% at the beginning of November to a 13-month high of 86% on November 26, before retreating to 80% last week.In the past month, the trading volume of euro-backed stablecoins has surged tenfold, rising from $5 million per day in October to over $70 million at the annual peak in early November, before slightly retreating last week.

ChainCatcher news, Kaiko released a report stating that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options made their debut, with BlackRock's IBIT options reaching a notional trading volume of $1.9 billion on the first day, totaling 354,000 contracts. In comparison, BITO options had a trading volume of $360 million when they launched in 2021. This strong buying power highlights the robust demand for BTC-linked derivatives and bullish market sentiment.Notably, over 80% of the IBIT first-day options trading volume was in call options, reflecting a strong belief in the price increase of Bitcoin. Trading activity was primarily concentrated on options with near-term expirations, with contracts expiring in December 2024 dominating. The share of IBIT call options significantly exceeded that of the largest crypto-native options market, Deribit, where call options accounted for 64% of trades.The launch of BTC spot ETF options could further accelerate institutional adoption. These tools allow investors to hedge risks and devise complex strategies to profit from Bitcoin's volatility. Additionally, they could drive the creation of structured products, which offer customized investments with specific risk-return characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.

ChainCatcher news, Kaiko posted on X that after about two years, the "Alameda Gap" has finally disappeared. The liquidity gap left by the collapse of FTX and its sister company Alameda has been filled in U.S. exchanges.

ChainCatcher news, Kaiko acquires European cryptocurrency index provider Vinter. This aims to expand Kaiko's cryptocurrency data market and enhance the services provided to asset managers and institutional clients. Kaiko and Vinter will jointly offer regulated products such as derivatives, ETFs, and ETPs.

ChainCatcher news, according to Taikoscan data, the daily transaction volume of the Ethereum L2 network Taiko exceeded 5 million on November 4, setting a new historical record.According to DefiLlama data, Taiko's TVL reached 81 million USD, also a historical high, with TVL increasing nearly 10 times in two weeks.

ChainCatcher news, according to Kaiko, the market expects volatility after the U.S. elections, but last week's Japanese elections drove an increase in the volatility of the yen. Since 2022, the 90-day realized volatility of BTC-JPY has surpassed that of BTC-USD for the first time.

ChainCatcher news, according to Kaiko data, due to concerns over the U.S. Department of Justice investigation, the USDT to USD exchange rate fell to $0.994 on major exchanges in the U.S., hitting a record low for this year.

ChainCatcher news, official data shows that on October 21, the number of transactions on the Taiko chain reached 2,941,686, setting a new historical record.

ChainCatcher news, according to Bloomberg, research firm Kaiko stated that the wash trading strategy used to enhance the value of the FBI-created token NexFundAI remains a common practice on decentralized exchanges (DEX) and can also be encountered on certain centralized exchanges.In a report on Thursday, Kaiko analysts indicated that their data shows that among over 200,000 assets on Ethereum DEX, many lack utility and are controlled by individuals; some token issuers are establishing short-term liquidity pools on the exchange Uniswap, controlling the liquidity in the pools and engaging in wash trading to attract other investors; once others enter, the issuers sell off the tokens, achieving returns of up to 22 times their initial Ethereum investment within about 10 days; this analysis reveals widespread fraudulent behavior among token issuers, extending beyond the scope of the FBI's NexFundAI investigation.Kaiko noted that certain centralized exchanges, such as HTX and Poloniex, also appear to have wash trading. According to Kaiko, these exchanges have the highest number of assets, with trading volume to liquidity ratios exceeding 100 times, which may be an indication of wash trading.Kaiko also stated, "We can also see that tokens such as meme coins, privacy coins, and low market cap altcoins often exhibit abnormally high trading volume to depth ratios." Taking the meme coin Pepe as an example, Kaiko found that "in 2024, there is a significant divergence in trading volume trends between HTX and other platforms. The PEPE trading volume on HTX remains high, even increasing in July, while the trading volume on most other exchanges has declined."

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the Based Rollup track. Web3Caff Research researcher Wildon pointed out in the report that with the development of blockchain technology and the surge in market demand, Ethereum is gradually unable to handle the massive transaction volume.As a result, the concept of Rollup emerged, separating transaction execution from the mainnet and moving it off-chain for computation, thereby alleviating the computational burden on the mainnet. This is currently the main solution to Ethereum's scalability issues. In the thriving Rollup ecosystem, Optimistic Rollup and ZK Rollup are the two main factions.However, whether it is Optimistic Rollup or ZK Rollup, although they effectively improve transaction processing speed, they also have limitations in terms of security, MEV, decentralization, latency, and computational costs. In light of this, Ethereum researcher Justin Drake proposed the concept of Based Rollup in May 2023, where the mainnet takes on the role of the Rollup sequencer, allowing Rollup to inherit more characteristics of the mainnet in an attempt to break through the dilemmas it faces. The report further points out that while Based Rollup has advantages such as decentralization, enhanced security, and simplified architecture, it also carries inherent issues.

ChainCatcher message, according to the Kaiko Research report, since the implementation of the EU's Markets in Crypto-Assets (MiCA) regulation, MiCA-compliant stablecoins (such as Circle's EURC and Société Générale's EURCV) have reached a market share of 67% in the euro stablecoin market, a record high.The report notes that this change is primarily driven by Coinbase, which surpassed Binance in August to become the leading platform for euro stablecoin trading. Despite the market structure adjustment, the weekly trading volume of euro stablecoins remains around $30 million, down from $100 million in March.Additionally, the report mentions the impact of the MiCA regulation on dollar stablecoins, with Coinbase planning to delist non-compliant stablecoins like USDT for European users by December 30, 2024, which may benefit MiCA-compliant USDC.

ChainCatcher news, according to Hong Kong media Ming Pao, blockchain data company Kaiko's senior research analyst Dessislava Aubert pointed out that since the end of September, the world's largest stablecoin USDT, which is pegged to the US dollar, has occasionally fallen below the fundamental exchange rate of 1 dollar. Hashkey CEO Ong Hsiu Chi stated that if traders are eager to convert their funds back to fiat currency, it can be inferred that they are rushing to buy Chinese stocks.In addition to retail investors, some institutional investors are also increasing their holdings in Chinese stocks. Crypto hedge fund MNNC Group indicated that some of its institutional investor clients have also shifted their fund allocations to Chinese stocks. On the Binance platform, each USDT can be exchanged for 6.78 to 6.98 yuan, while in the traditional currency market, the offshore yuan to US dollar exchange rate is around 7.09. Due to the discount of USDT relative to the US dollar, investors may choose to buy USDT with US dollars, then exchange it for yuan for arbitrage, investing in the Chinese stock market for higher returns.Goldman Sachs upgraded its investment rating for the Chinese stock market to "overweight" over the weekend, expecting an upside potential of 15% to 18% for Chinese stocks.

ChainCatcher message, according to a recent report by Kaiko, privacy coins have experienced nearly 60 delistings on centralized exchanges this year, the highest record since 2021.The report tracks Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC). XMR had the highest number of delistings, increasing sixfold year-on-year, while DASH had the second highest.The report states that these delistings are mainly due to regulatory pressures from various jurisdictions over the past few years.

ChainCatcher News, Hemera Protocol has officially launched the hackathon Grant Factory in collaboration with Taiko. The total prize pool for this competition is as high as $100,000, with Hemera setting up a special reward of $3,000 to recognize developers who successfully apply Hemera UDF technology within the Taiko ecosystem to create unique functional products.This hackathon encourages all developers to combine Hemera technology to develop innovative applications within the Taiko ecosystem, jointly promoting the rapid development of Web3 technology.It is reported that Hemera is committed to building an Account-Centric Index (ACI) network, providing developers with powerful UDF tools, enabling them to create personalized "features" covering diverse areas such as on-chain transactions, social interactions, and gaming achievements.

ChainCatcher news, Ethereum co-founder Vitalik made a presentation on "The Future Development Direction of L2 Scalability" at the RollUp day event, where he mentioned: "The decentralized Based Rollup projects and roadmap represented by Taiko are exciting." He expressed high recognition of this.