ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on social media, "Trump will launch the Bitcoin Plus ETF. You could say he will be the first U.S. president to issue an ETF."

ChainCatcher news, Swyftx chief analyst Pav Hundal stated that the current bearish sentiment has become very tense, and the macro environment for cryptocurrencies suggests that Bitcoin is expected to reach new highs by the end of this quarter.BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall to the range of $70,000 to $75,000, which, if it happens, could trigger a "mini financial crisis." However, Dr. Sean Dawson, head of research at Derive, recently stated that the likelihood of Bitcoin dropping to the $75,000 level in the first quarter is less than 10%.

ChainCatcher news, 21Shares has submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) to launch a Polkadot trust fund.In response, Bloomberg ETF analyst James Seyffart stated that the market will ultimately determine whether there is demand for a spot Polkadot ETF. He explained, "The market will determine where the value lies and whether it is worthwhile to launch such products. If no one invests in the Polkadot ETF, it will shut down. People are free to launch any ETF approved by the U.S. Securities and Exchange Commission."

ChainCatcher news, according to Fortune, since Trump's election, several companies have submitted numerous cryptocurrency ETF applications, including Solana, Dogecoin, and Litecoin, and the cryptocurrency asset management company Grayscale has also applied for an XRP exchange-traded fund.However, Bloomberg analyst James Seyffart warned not to be overly optimistic at this time, although he believes that the XRP ETF could potentially be approved in 2025, other cryptocurrencies' ETFs may come first. The U.S. Securities and Exchange Commission is currently involved in a lawsuit regarding "whether XRP is a security," and the SEC has never classified Litecoin as a security, so it would not be surprising to see a Litecoin ETF appear first.

ChainCatcher news regarding the SEC's approval of Bitwise's Bitcoin and Ethereum combo ETF. Bloomberg's senior ETF analyst Eric Balchunas posted an analysis on the X platform, stating that the U.S. Securities and Exchange Commission's move was expected, and even Gary Gensler would approve the Bitwise Bitcoin and Ethereum ETF.This move can be interpreted as the SEC accelerating the approval process for cryptocurrency ETFs, with the next likely being a Litecoin ETF, and more information may be available soon.

ChainCatcher news, according to Jinshi reports, analysts at a U.S. bank stated in a report that the dollar is likely to remain at a high level in the first half of the year, and then gradually decline from historically high valuation levels.They indicated that U.S. President Donald Trump's trade tariff policy still suggests a strong dollar in the short term. They also mentioned that due to concerns about the persistence of U.S. inflation, the Federal Reserve is likely to halt interest rate cuts in the foreseeable future.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that, thanks to the leadership of Bitcoin ETFs, altcoin ETFs can achieve niche success.He wrote: "The best comparisons I can think of are that Litecoin should be like Local H, Solana is better than Ezra, XRP is Spacehog, and Doge is King Missile."

ChainCatcher news, according to The Block, analysts point out that as Bitcoin prices adjust, more and more investors are beginning to focus on AI-driven investments and high-performance DeFi platforms. Bitget's chief analyst Ryan Lee stated that these emerging fields are becoming new frontiers for growth. For example, HyperLiquid's HYPE token has risen over 15% in the past 24 hours, while the AI-driven venture capital DAO token ai16z has increased by 8% in the same period.Although emerging technologies and decentralized platforms offer exciting opportunities for investors, the strengthening of the US dollar has put pressure on digital asset prices. YouHodler's market director Ruslan Lienkha pointed out that higher interest rates make bonds and US Treasury securities more attractive to international capital, thereby pushing up the value of the dollar. This has led to a reduction in available capital for risk assets like Bitcoin, potentially resulting in capital outflows.

ChainCatcher news, according to Cointelegraph, Bitget Research's chief analyst Ryan Lee stated that once liquidity recovers after the Christmas holidays, the price of Bitcoin may rise above $105,000, and the current downward trend is merely a natural "symptom" of insufficient liquidity during the holidays.After Christmas, market activity typically warms up again, and it is expected that funds will continue to actively invest in the crypto industry, influenced by support for Trump. This week, the expected trading range for BTC is between $94,000 and $105,000.

ChainCatcher message, regarding "The ETF Store president says it's shocking that ETF issuers have not applied for a Dogecoin ETF," Bloomberg ETF analyst Eric Balchunas agreed, adding, "I originally thought we would see issuers submit applications before Christmas. Now it seems we may have to wait until Atkins (SEC new chairman Paul Atkins)/Trump officially takes office."

ChainCatcher news, Coinstash co-founder Mena Theodorou stated in a report this week that Bitcoin's record "has sparked traders' hopes for the continuation of altcoin season and a potential Christmas rally." According to data from CoinGecko, in the past 10 years, cryptocurrencies have risen around Christmas in 8 of those years.In addition, Nexo analyst liya Kalchev expects that the price of Ethereum should reach $5000 by early 2025.

ChainCatcher news, according to Jinshi reports, U.S. Bank Chief Economist Stephen Juneau released a latest report warning that investors ignoring inflation data may face liquidation risks in 2025. The latest data shows that the November CPI rose by 2.7% year-on-year and increased by 0.3% month-on-month, up 0.1 percentage points from October; the November PPI rose by 0.4% month-on-month, significantly exceeding the market expectation of 0.2%.Federal funds futures indicate a 98% probability that the Federal Reserve will cut interest rates by 25 basis points next week, but BlackRock Global Fixed Income CIO Rick Rieder, EY Chief Economist Greg Daco, and Nationwide Economist Oren Klachkin all expect that, influenced by potential new policies from Trump, the Federal Reserve may pause the rate-cutting process in early 2025.The market needs to be wary of three major risks: higher tariff policies, deficit financing tax cut plans, and tightened immigration policies, as these factors may keep the core PCE inflation rate elevated over the next two years. Daco particularly pointed out that although the possibility of a rate cut next week is close to a "coin toss probability," the subsequent pace of rate cuts will clearly slow down, and policymakers will remain highly vigilant regarding new government policies.

ChainCatcher news, Bloomberg analyst James Seyffart posted on social media that whether Microstrategy (MSTR) can be classified as part of the Nasdaq 100 may depend on its ICB classification. If the company's operating business is software as a service, it would classify it as a tech stock. However, its stock performance is now largely tied to financial engineering, stemming from its Bitcoin purchases.Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a "Bitcoin bank." If the ICB reclassifies MicroStrategy as a financial stock, it will not meet the qualifications for the Nasdaq 100.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas stated that the SEC, led by Gary Gensler, has rejected the application for the Solana ETF, and it is expected that the issuer will resubmit the application after the new SEC chairman Paul Atkins takes office.

ChainCatcher news, according to Jinshi reports, the U.S. non-farm payrolls for November recorded a growth of 227,000, the largest increase since March 2024, exceeding the expected 200,000, with the previous value revised from 12,000 to 36,000. The U.S. unemployment rate for November was recorded at 4.2%, in line with expectations, with the previous value at 4.10%.Analysts say that at first glance, this report does not show signs of an economic recession. The job market has not hit rock bottom, but there are indeed signs of a slowdown. Considering the Federal Reserve's benchmark interest rate, with the upper limit of the target range at 4.75%, which is more than a percentage point higher than the core inflation rate, the rationale for further rate cuts still stands.The non-farm payroll report is one of the last major data points the Federal Reserve will consider before deciding whether to cut rates for the third consecutive time at its December meeting. Federal Reserve Chairman Powell stated this week that the Fed can be "a bit more cautious" on rate cuts, as the U.S. economy is "in very good shape," and inflation levels are slightly higher than previously expected.

ChainCatcher news, crypto data analyst @ai_9684xtpa posted on social media that Flow Traders, Amber Group, and GSR Markets may all be market makers for Binance's newly listed token ACX.Among them, Flow Traders received 10 million ACX from the UMA multi-signature address two months ago for market making, which was worth 2.94 million dollars at that time.Amber received 3.68 million tokens from various trading platforms 8 months ago, while GSR Markets' interactions began 10 months ago.

ChainCatcher news, ING analyst Chris Turner stated in a report that the market remains cautious ahead of the U.S. employment data release in November, with the dollar holding steady.Weaker-than-expected non-farm payroll data could disrupt the recent strengthening trend of the dollar since Trump's election victory, although it is unlikely that the dollar will appreciate again for a long time. U.S. employment numbers are expected to rebound after a weak month last time. A growth of fewer than 200,000 jobs may be considered a "bad number," while more than 300,000 is seen as a "good number." ING suggests treating any dollar decline as a buying opportunity. (Jin Shi)

ChainCatcher news, according to CoinDesk, analyst James Van Straten stated that since November 20, CME's open interest has decreased by nearly 30,000 contracts to 185,485 contracts. During the same period, net inflows into U.S. spot-listed ETFs exceeded $3 billion. This unusual phenomenon indicates that investors are shifting towards a purely long strategy, rather than the previously common spot-futures arbitrage model.James Van Straten explained that since the ETF listing in January this year, institutional investors have primarily adopted a spot-futures arbitrage strategy, which involves holding long positions in ETFs and short positions in futures to profit from the price difference. Currently, the annualized basis for CME three-month futures remains at a substantial level of 16%, significantly higher than the U.S. 10-year Treasury yield and Ethereum staking yield, but investors seem more inclined to directly bet on Bitcoin's upward trend through ETFs.

ChainCatcher news, according to Jinshi Data, UBS released a research report stating that due to Trump's trade threats against BRICS countries, the dollar index has surpassed 106, but the current valuation appears to be overly high. Although the outlook for the dollar still seems bright, UBS analysts suggest that investors take advantage of the dollar's strength to reduce their dollar exposure in the short term.Market attention is turning to key economic events this week, including Federal Reserve Chairman Powell's speech on Wednesday and Friday's non-farm payroll data. According to data from the Chicago Mercantile Exchange, the market expects a 75% probability that the Federal Reserve will cut interest rates by 25 basis points in December. NatAlliance Securities' head of international fixed income, Brenner, stated that this data will determine whether the Federal Reserve will cut rates this month.Regarding the euro, influenced by the French government's facing a vote of no confidence, the euro fell nearly 0.8% against the dollar on Monday, marking the largest single-day decline in nearly a month. The three-month implied volatility of the euro rose to 8.172%, reaching a two-year high. The yield spread between French and German bonds has risen to a 12-year high, reflecting increasing market concerns about political risks in the eurozone.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated that unless a major crash occurs, the wait for approval of altcoin-related ETFs will make cryptocurrency "quite crazy."He mentioned that there are 14 altcoin-related ETFs awaiting approval from the U.S. SEC within the next 12 months, including funds that offer exposure to SOL, XRP, HBAR, LTC, a basket of assets, as well as BTC and ETH.Additionally, Balchunas expects the number of altcoin ETF applications to double in the next two months. (CryptoSlate)