ChainCatcher news, according to Cointelegraph, ETH is about to break the psychological barrier of $3,000, but analysts warn that there may be more downside potential before the breakout.Technical analyst Mikybull stated, "According to the daily chart, the short-term target price for ETH's inverse 'head and shoulders' reversal pattern is $3,000." Technical analysts use the head and shoulders pattern as a signal that marks the end of a downtrend, indicating a bullish price reversal. Other analysts predict that Ethereum's historical high may occur in the first quarter of 2025.Cryptocurrency trader Daink shared his technical analysis, suggesting that the price of Ethereum is expected to reach $4,000 by the end of the year. He wrote in a post on October 17, "The historical high will appear in the first quarter of 2025, but for now, I believe it will reach $4,000."Anonymous cryptocurrency analyst Ignas stated that the weakness in Ethereum's price may be due to Ethereum losing ground in the Layer 1 (L1) blockchain innovation war.

ChainCatcher news, blockchain analytics company Nansen has completed the integration of Solana analysis features, providing real-time tools to track on-chain activities, which will be available to Nansen users. This new feature will offer users advanced tools to monitor wallet movements, token balances, and explore Solana's growing decentralized finance (DeFi) and non-fungible token (NFT) ecosystem.

ChainCatcher news, Zerocap Chief Investment Officer Jonathan de Wet stated in an investor report that the upward momentum of Bitcoin remains strong."We expect Bitcoin to reach $70,000 in the coming weeks," de Wet said, noting that the technical breakthrough provides a solid foundation for further gains.Multiple positive factors are beginning to converge, including political developments in the United States, which have fueled market optimism for policies favorable to the crypto industry.

ChainCatcher news, Slow Mist releases an analysis of the Radiant Capital security incident (Arbitrum chain):Radiant Capital uses a multi-signature wallet (0x111ceeee040739fd91d29c34c33e6b3e112f2177) to manage key operations such as contract upgrades and fund transfers. However, the attacker illegally gained control of the owner permissions of 3 out of the 11 owners of the multi-signature wallet.Since Radiant Capital's multi-signature wallet employs a 3/11 signature verification model, the attacker first used the private keys of these 3 owners to perform off-chain signatures, and then initiated an on-chain transaction from the multi-signature wallet to transfer the ownership of the LendingPoolAddressesProvider contract to a malicious contract controlled by the attacker.Subsequently, the malicious contract called the setLendingPoolImpl function of the LendingPoolAddressesProvider contract, upgrading the underlying logic contract of the Radiant lending pool to a malicious backdoor contract (0xf0c0a1a19886791c2dd6af71307496b1e16aa232).Finally, the attacker executed the backdoor function, transferring funds from various lending markets into the attack contract.Previous news, Radiant Capital suffered a cyber attack, resulting in losses exceeding $50 million.

ChainCatcher news, Four Pillars analysts pointed out that the EIGEN token of the restaking protocol EigenLayer has been hovering between $3 and $4 since its listing on October 1, a significant drop from the $13 price in the over-the-counter market earlier this year. Analysis shows that the unclear utility of the token and the selling pressure from airdrops are the main reasons for EIGEN's poor performance.In the white paper released in April 2024, EigenLayer describes EIGEN as a "Universal Intersubjective Work Token," a complex concept that is difficult for ordinary investors to understand. The functions of EIGEN are mainly reflected in three aspects: cross-chain universality, network task execution capability, and the ability to address subjectivity failures. These complex functions are hard to communicate clearly to ordinary investors, affecting the market's perception of EIGEN's value.The selling pressure from airdrops is also an important factor in the decline of EIGEN's price. Of the 185 million EIGEN tokens in circulation, approximately 46% (86 million EIGEN) were distributed through airdrops. This includes tokens allocated to institutional investors and cryptocurrency whales such as Blockchain Capital and Galaxy Digital. Additionally, Justin Sun and GCR reportedly transferred airdropped EIGEN worth approximately $8.75 million and $1.06 million, respectively, to centralized exchanges, exacerbating the selling pressure. The EigenLayer Foundation recently announced that approximately 1.67 million EIGEN were stolen in a hacker attack, further undermining market confidence.

ChainCatcher message, Bitcoin has outperformed stocks and gold this month, as more signs indicate that the regulatory outlook for the cryptocurrency industry in the U.S. will improve after the upcoming presidential election. Bitcoin rose 4% in October, surpassing global stock indices and gold so far this month.Noelle Acheson, author of the "Crypto Is Macro Now" newsletter, stated: "This rise is primarily driven by the U.S. presidential election, initially fueled by Trump's lead in prediction markets and polls, and later by the Harris campaign's somewhat supportive statements regarding the crypto market. I haven't seen the details of Harris's cryptocurrency policy yet, but it sounds less negative than the Biden administration's."

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's monitoring, Puffer Finance (PUFFER) may have two major market makers: GSR Markets and another unknown entity.GSR: Market making quantity of 5 million PUFFER, with 2.6 million remaining to be transferred;Unknown market maker: Market making quantity of 3.72 million PUFFER, all of which has been deposited into the exchange.

ChainCatcher news, The DeFi Report founder Michael Nadeau posted on the X platform that last year Uniswap generated nearly $1.3 billion in trading and settlement fees across Ethereum, Base, Arbitrum, Polygon, and Optimism.However, these fees were not earned by the protocols and token holders; 100% flowed to liquidity providers, Ethereum validators, MEV bots, and L2 sequencers.But with the launch of Unichain later this year, all of this will change.

ChainCatcher message, Coinbase analysts David Duong and David Han stated, "Despite the lackluster price movement of Bitcoin this week, market sentiment has remained largely unchanged, as evidenced by the stable perpetual contract funding rates and open interest over the past week." Coinbase analysts pointed out that the macro factors influencing cryptocurrency performance are shifting from monetary policy to the results of the U.S. elections. Despite the recent rise in CPI and core PPI, market expectations for interest rate cuts remain broadly stable.

ChainCatcher news, according to Jinshi reports, based on a Bloomberg survey of economists, the month-on-month growth rate of CPI and the core CPI excluding food and energy may record 0.1% and 0.2% respectively. Core CPI is seen as a better signal for future inflation. The prices of groceries and gasoline can sometimes fluctuate significantly, exaggerating the overall price level.If there is a significant increase in core CPI, financial markets may experience turbulence and reignite considerations about the Federal Reserve's "pause" on interest rate cuts—if further progress on inflation issues stalls, the Federal Reserve may abandon rate cuts in November or December.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's analysis, there has been on-chain activity for fan token CHZ. Since yesterday afternoon, the CHZ project team Chiliz has withdrawn a total of 1.473 billion tokens from Binance, worth 103 million USD, accounting for 16% of the total circulating tokens.The withdrawal may be related to the PEPPER airdrop, but it is unclear why it was moved on-chain. CHZ is the token for the club platform Socios developed by Chiliz, which has risen 38% in the past month.

ChainCatcher news, according to CryptoQuant data, by the end of September, the liquidity of stablecoins continued to grow to a record $169 billion, a year-to-date (YTD) increase of 31%. Dominating the market is still Tether's USDT, whose market capitalization increased by $28 billion to nearly $120 billion, accounting for 71% of the market share; and Circle's USDC, whose market capitalization increased by $11 billion to $36 billion, with a YTD growth of 44%, holding 21% of the market share. The record number of dollar stablecoins and the surge in large Bitcoin transactions may lay the groundwork for a broader BTC rally in the coming weeks, keeping the bullish seasonal trend for this asset intact in October.

ChainCatcher news, the dollar has risen ahead of the release of the Federal Reserve's meeting minutes. The Fed cut rates by 50 basis points last month, and the latest meeting minutes may provide clues for the next policy measures.Chris Turner, an analyst at ING, stated in a report: "In the past few weeks, the market has priced in about 30 basis points of easing from the Fed in 2024, but we also doubt whether investors are in the mood to reprice for an aggressive easing cycle from the Fed right now."He also mentioned that Thursday's CPI data may show that the core inflation rate in the U.S. for September remains high, which could support the dollar.

ChainCatcher message, @tier10k posted on X stating that HBO believes Peter Todd is Satoshi Nakamoto (which he denies) for the following main reasons:In 2010, Todd (from a new account) replied to Satoshi on bitcointalk; HBO claims he accidentally completed Satoshi's post using his own account;A few days later, both accounts were inactive;Todd later deployed the "replace-by-fee" concept discussed in the post;The documentary states that Todd used the pseudonym "John Dillon" to promote RBF;Both used British/Canadian spelling;Satoshi released a timeline, which the documentary claims aligns with a student's timeline, posting more content on weekends;Todd once discussed "sacrificing" Bitcoin; the documentary claims this refers to destroying Satoshi's Bitcoin.

ChainCatcher news, according to Fortune, Tether's USDT stablecoin has recently been trading at a slight discount. Some economists suggest that the reason is the waning interest of Chinese investors in cryptocurrencies, who are instead seeking to invest their funds in the domestic stock market.According to data from CoinMarketCap, USDT has been trading below the dollar price since the end of September, with a very small decline. Last Tuesday, Tether's trading price was $0.9995, and this slight drop indicates that investors are selling stablecoins in exchange for RMB and investing in the Chinese stock market, which has surged due to recent government stimulus measures.Although the cost of liquidating USDT is between three to five percent, investors seem unconcerned, as they stand to gain substantial profits if the Chinese stock market continues to rise significantly.

ChainCatcher news, recently, the Chinese stock market has rebounded under the impetus of government stimulus policies, but this rise may be siphoning off funds from the crypto market, affecting the rise of cryptocurrencies like Bitcoin. Since September 24, the Shanghai Composite Index has risen by more than 20%, reaching a new high since May 2023. However, the price of Bitcoin has remained around $64,000 after China's stimulus policies, maintaining a consolidation period of $50,000 to $70,000 for six months.Market observers point out that despite the Chinese government launching an economic stimulus plan exceeding 7.5 trillion yuan, which is widely seen as a super positive news for Bitcoin and other risk assets, the price of Bitcoin has not seen a significant increase. Danny Chong, co-founder of the Singapore Digital Asset Association, stated that this capital shift may be temporary, and once the upward trend in the Chinese stock market stabilizes, funds are expected to flow back into the crypto market.Traditional market analysts believe that China's latest stimulus measures have not addressed fundamental economic issues and may not lead to a long-term rise in the stock market. TS Lombard noted in a report on October 2 that unless some fundamental issues, such as fixing the banks' balance sheets, are resolved, any attempts to increase lending and leverage risk-taking may fail. BCA Research also stated that the rise in the Chinese stock market may not be sustainable.

ChainCatcher news, according to Cointelegraph, based on CryptoQuant analysis, long-term Bitcoin holders (holding for more than 155 days) are reducing their positions, with their holdings recently decreasing from $19 billion to $12 billion, while short-term holders' positions have surged by $6 billion recently.