ChainCatcher news, according to Cryptodnes, Ripple CEO Brad Garlinghouse expressed his strong desire to work with the new leadership of the SEC, which has sparked speculation in the industry about the possibility of the lawsuit between the SEC and Ripple being dismissed or settled.Legal analyst Jeremy Hogan stated that the case might be resolved by April or May, although procedural requirements could extend the timeline. Under the current administration's leadership, the SEC is expected to make a final push before the leadership transition. With the deadline for submitting opening statements set for January 15, the agency may attempt to influence the direction of the case.However, industry insiders anticipate that the incoming pro-crypto leadership is expected to create a more favorable environment for Ripple, and a positive outcome could pave the way for the approval of an XRP ETF.

ChainCatcher news, according to The Block, Multicoin Capital co-founder and managing partner Kyle Samani stated in an interview with The Block that Multicoin Capital is actively expanding its investments in DeFi applications, particularly within the Solana ecosystem, which has outperformed Ethereum and second-layer ecosystems on key chain metrics this year. "We expect this trend to continue, as more users, capital, issuance, and activity migrate to the Solana ecosystem, Solana-based applications and protocols will be the big winners in the next cycle."Samani also pointed out that Ethereum will face ongoing challenges and may "even fall into a long-term decline," as it is under intense competition from Solana and other faster, cheaper blockchains. He added, "Unless Ethereum can enhance its competitiveness, developers, users, and capital will turn to other chains that better meet their needs."Additionally, Multicoin is optimistic about stablecoins, with Samani viewing them as "possibly one of the greatest technological and financial innovations of our lifetime." He stated, "Stablecoins have the opportunity to become giants by 2025, as everyone in the world craves dollars, and stablecoins are the most efficient way to obtain dollars. The design space is vast, and we are still in the early stages of the adoption curve."

ChainCatcher news, according to Cointelegraph, a U.S. court has postponed the CFTC vs. Gemini case to January 21, 2025. U.S. District Judge Alvin Hellerstein announced that the hearing date for the civil case between the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company has been moved from the originally scheduled January 13, 2025, to January 21, and made it clear that there will be no further delays.The CFTC filed a lawsuit against Gemini in June 2022, accusing it of providing false or misleading information when applying for Bitcoin futures contracts in 2017, and seeking the return of illegal profits, civil penalties, and injunctions. The delay in the case may be influenced by the incoming administration and new congressional policies.

ChainCatcher message, trader Eugene posted a December trading summary on his social platform stating: "This month, the number of trades reached 47, with a win rate of 72%. The performance this month can be attributed to two main points: position size control and reducing unnecessary mistakes. December encountered the largest two drawdowns to date, with a loss of 3.3 million USD (-7.5%) on DOGE long positions and a loss of 6.5 million USD (-10.2%) on SOL long positions. The main profits this month came from short-term trades in ETH and BTC, as well as successful long positions in some small altcoins, including ENA, PEPE, and other meme coins. In unclear market conditions, it is necessary to reduce the position size for short-term trades in highly volatile assets.In summary for 2024, I have achieved profits in 11 months this year and maintained good stability over different periods. I expect January to be a good trading opportunity for some quality altcoins, and I have already positioned myself in ETH and its related beta coins."

ChainCatcher news, according to a report by Wall Street Watch, Asian stock markets have shown mixed performance this year against the backdrop of a strong dollar. Some have achieved a bull market in local currency at the cost of currency depreciation, while others have sacrificed part of their stock market gains for relatively stable exchange rates, with South Korea being an exception.In terms of the Korean won, the Korea Composite Stock Price Index (KOSPI) has fallen by 10.0% this year. Considering the depreciation of the won, the KOSPI has dropped by 18.9% when measured in dollars, making it the weakest in Asia. From the perspective of capital flow, since the second half of this year, only institutional investors in South Korea have maintained a net buying scale in the stock market, while the resident sector has been continuously reducing purchases.Analysis suggests that a significant portion of the money that South Korean residents have withdrawn from the stock market has been used for "crypto trading." Data from the Bank of Korea (BOK) shows that as of November, the number of domestic cryptocurrency investors in South Korea has reached 15.59 million, an increase of 610,000 from the previous month. Currently, among the 51 million South Koreans, 30% are involved in crypto trading.The daily trading volume of South Korea's five major cryptocurrency exchanges—UPbit, Bithumb, Coinone, Korbit, and GOPAX—has surged from 34 trillion won in October to 149 trillion won in November, more than quadrupling. South Koreans have always been keen on investing in cryptocurrencies. During the first wave of the cryptocurrency bull market in 2017, about 5% of the population participated; in the second bull market in 2021, 10% participated; and now this proportion has expanded to 30%. However, historically, the South Korean stock index has shown a positive correlation with Bitcoin prices, which was completely broken in October of this year.

ChainCatcher news, on-chain analyst Ali disclosed data on the X platform indicating that 64% of futures traders on the Binance platform are betting on the rise of BTC prices.

ChainCatcher message, Santiment posted on X: "Due to the favorable impact of Christmas on cryptocurrencies, Bitcoin's price once surged to $99,800. Traders are now bullish again, betting on a target price of $110,000. Historically, we have only seen Bitcoin's price reach $110,000 when it was unexpected."

ChainCatcher news, MicroStrategy founder Michael Saylor posted on the X platform that there is no better Christmas gift than BTC.

ChainCatcher news, Sun Yuchen posted on X stating: "The rumors circulating online about us liquidating ETH are false. This is just a transfer of ETH between our different wallets. We are optimistic about the Ethereum ecosystem in the long term."

ChainCatcher news, the composition of the Federal Reserve's rate-setting committee is about to change, while renewed inflation concerns are making central bank decisions more complex. Earlier this month, the Federal Reserve lowered the benchmark policy rate by 25 basis points and hinted that there would only be two rate cuts in 2025.Chairman Powell clearly stated that the central bank is entering a new phase, and future rate cuts may be more gradual, depending on whether inflation decreases. In addition to the seven members of the Federal Reserve Board and the President of the New York Fed, the presidents of 11 regional Federal Reserve Banks will also take turns voting on interest rate decisions in the Federal Open Market Committee (FOMC). Institutions expect more divergence in the FOMC in 2025. An assessment of the committee's voting members along the hawkish-dovish spectrum reveals that the opinions of next year's FOMC voting members will become more polarized, with views scattered at both ends of the spectrum and less concentrated in the middle.

ChainCatcher news, Bio Protocol founder Paul Kohlhaas posted on social media, "I am pleased to announce that the BIO token will be listed on Binance on January 3rd. BIO aims to be a liquidity bridge from CeFi to DeSci. Stay tuned for the launch of the Bio Protocol liquidity engine. Thanks to all the scientists, builders, and supporters of the Bio Protocol ecosystem."ChainCatcher previously reported that Bio Protocol (BIO) is launching on Binance Launchpool. Users can stake BNB and FDUSD in the BIO reward pool on the Launchpool website starting from December 24th at 08:00 (UTC+8) to earn BIO, with the BIO activity lasting a total of 10 days.Binance will list Bio Protocol (BIO) on January 3, 2025, at 18:00 (UTC+8), and will open trading markets for BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY.

ChainCatcher news, Elon Musk's artificial intelligence startup xAI has launched a beta version of a standalone iOS application for the Grok chatbot. The app was previously available only to X users and is now accessible in Australia and other parts of the world.It is reported that features will include access to real-time web data, text summarization, answering questions, rewriting content, and generating images from text prompts.

ChainCatcher news, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), shared on the X platform that despite adhering to all regulations, he has been in tough discussions with regulators, including the U.S. Securities and Exchange Commission (SEC), for nearly two years.He also pointed out that user preferences have changed, and now many people prefer teams and products over immutable code. Cronje concluded that builders face a tough choice: either commit to decentralization and immutability, risking blame, regulatory hurdles, and lack of returns; or accept corporatization, licensing, and controlled improvements to ensure continuous progress.

ChainCatcher news, Hamster Kombat announced on the X platform that Season 2 will start with three games, which will form the foundation of the HamsterVerse. All HamsterVerse games will use the HMSTR token, which is currently in closed beta testing. Community members are expected to be invited to participate in the testing, with a reward pool of 3000 USDT.

ChainCatcher news, traders continue to bet that the Federal Reserve will pause interest rate cuts in January and increase bets on rate cuts in March, with another cut expected in October. (Jin Ten)