ChainCatcher message, Meme coin KOL Murad posted to share his investment strategy, "The possibility of continuously fighting for profits in the on-chain trenches is not very high. Buying an already scaled Meme coin should have a continuously growing community and a realistic path to achieving a market cap of billions. Your chances of success will be much higher."

ChainCatcher message, Zhao Changpeng commented on X "Amazon shareholders propose the company explore adopting a Bitcoin financial strategy": "Simple question, accept bitcoin payments?"In response, some users questioned that Bitcoin is not a good payment method, to which Zhao Changpeng replied: "Indeed. I paid $17.08 with Bitcoin yesterday, but had to wait 15 minutes for confirmation. Still better than TradFi. I don't need to call anyone to fix it; it just works after 15 minutes. Crypto, I agree."

ChainCatcher news, BNP Paribas analyst Andrew Hespie stated that U.S. employment in November may rebound, but the non-farm payroll report may be ambiguous enough to merely support the Federal Reserve's decision to cut rates in December. The forecast for new jobs is expected to reach 225,000, higher than the consensus estimate of 214,000 in a Wall Street Journal survey.Hespie expects the 12,000 new jobs figure suppressed in October due to hurricanes and the Boeing strike to be revised. Uncertainty ahead of the U.S. elections may also have somewhat restrained hiring activity in October. Hespie added that adverse weather may have limited the labor force participation rate in October, and the rebound in November could see the unemployment rate rise from 4.1% to 4.2%. (Jin Shi)

ChainCatcher message, Federal Reserve Chairman Powell: The U.S. economy is performing better than any of its global peers.

ChainCatcher message, Musk retweeted the U.S. election prediction data from the prediction market Polymarket on his personal social platform and stated, "Trump is leading Harris by 3% in the betting market. Since real money is involved in the betting market, these markets tend to be more accurate than opinion polls."

ChainCatcher message, Vitalik Buterin replied to a user on X, stating that he agrees with the viewpoint that "using USDC on the Ethereum chain is much better than transferring between CEX accounts."Vitalik Buterin stated: "Because it builds network effects and user habits in the right place (on-chain), making it easier for users to switch to other options in the future. As an individual, I can even choose to hold only ETH and exchange it in real-time with others who want USDC."

ChainCatcher news, according to Jinshi reports, a new survey by CNBC and Generation Lab shows that young Americans do not seem to believe that Harris should be held responsible for the deterioration of the U.S. economy caused by the Biden administration.After Biden dropped out of the race in July, 69% of Americans aged 18 to 34 believe that the economy under President Biden is worsening. However, they also think that the candidate most capable of improving the economy is the de facto Democratic candidate Harris, rather than the Republican candidate, former President Trump.41% of respondents believe Harris is the best candidate for the economy, while 40% chose Trump, and 19% indicated they would choose third-party candidate Robert F. Kennedy Jr. Compared to the survey in May, support for the Democrats on economic issues has risen by 7 percentage points. At that time, only 34% of respondents believed that Biden, who was then a potential Democratic presidential candidate, was the best choice to boost the economy, while 40% chose Trump and 25% chose Kennedy.

ChainCatcher news, according to CoinDesk, JPMorgan stated in a research report on Monday that the total market capitalization of cryptocurrencies fell by 8% in June, to around $2.25 trillion, recovering most of the gains made in May.Analyst Kenneth Worthington wrote, "The market capitalization of tokens, DeFi, and NFTs all experienced a pullback in June." The data shows that daily spot cryptocurrency trading volume decreased by 18% compared to the previous month, "from a valuation and trading volume perspective, March 2024 is the peak of the current cycle for the crypto ecosystem."The bank noted that this trend stands in stark contrast to traditional markets, where the S&P 500 index rose by 4% and the tech-heavy Nasdaq index increased by 6% during the same month. However, the report added that stablecoins outperformed other crypto segments in June, primarily driven by USDT.

ChainCatcher message, co-founder of the crypto venture capital firm Framework Ventures, Vance Spencer, stated on Twitter that the situation for cryptocurrencies is much better than anyone imagines. Although market sentiment remains tense, the financial system is gradually being replaced by decentralized applications.Specifically, there are 280 days until the BTC halving, and a spot Bitcoin ETF is expected to launch by the end of this year or even earlier, which will bring more ETF opportunities for other crypto assets; Ethereum has successfully transitioned to PoS and has been in a deflationary state throughout the year; three DeFi applications are expected to reach an ARR (Annual Recurring Revenue) of $100 million this year (in a bear market), with 1-2 of them likely to reach $1 billion in a bull market; crypto games are still on track for releases in Q4/Q1; regulatory clarity also seems to be on the horizon, with stablecoins and market structure scheduled for voting this summer.In addition, cryptocurrencies have withstood the Federal Reserve's 525 basis point rate hikes and are on the other side of one of the most severe deleveraging phases in financial history. The market expects the Federal Reserve to raise rates again, with a certainty of 95%, after which the Fed will take action. The Fed's dot plot suggests that the headwinds of interest rates in 2024 and 2025 will turn into tailwinds. The trajectory of 2019 is remarkably similar to that of 2023. (source link)

ChainCatcher news, in a recent episode of Club Random's podcast, billionaire owner of the Dallas Mavericks, Mark Cuban, defended Bitcoin while expressing skepticism about investing in gold. He pointed out that investing in gold does not necessarily mean that investors own actual gold.Mark Cuban added that while he still believes it is a good investment, he "is not telling people to buy Bitcoin." Cuban predicted that Bitcoin will drop to $10,000 next year, below the current price of $16,800.Additionally, Cuban stated that the collapse of FTX sent shockwaves through the entire crypto industry and sparked calls for cryptocurrency regulation. When discussing SBF, he said, "I don't know all the details, I actually talked to SBF, I think he's smart, but my gosh, I didn't know he would use other people's money for personal use." (Fortune)

ChainCatcher message, Twitter CEO Elon Musk tweeted that the coverage of the FTX collapse on Twitter is unparalleled and of better quality compared to traditional media. Not to mention, there are many memes circulating. (source link)