ChainCatcher news, Bitwise CEO Hunter Horsley posted on X: "I don't think being bearish on ETH will last long. That doesn't mean you can't be bullish on other L1s. I think the answer is both: the L1 category will grow significantly. The success of one side does not require the decline of the other."

ChainCatcher news, according to The Block, the crypto wallet Phantom has reached a historic high in the iOS free app rankings, ranking ninth, surpassing WhatsApp and Instagram (ranked thirteenth and fourteenth, respectively). The Block data shows that Phantom's ranking has rapidly risen this month, climbing from 377th on November 12 to its current position.According to appfigures data, the crypto wallet Phantom has surpassed Google to top the U.S. App Store utility app rankings.

ChainCatcher news, according to appfigures data, the Solana ecosystem crypto wallet Phantom ranks second in the free utility app category in the US App Store, second only to Google.Additionally, according to the Web3 asset data platform RootData, Phantom is a user-friendly crypto wallet that allows users to securely and easily store, buy, send, receive, trade tokens, and collect NFTs on the Solana blockchain.

ChainCatcher news, according to Decrypt, as the prices of Bitcoin and other cryptocurrencies rise, several mobile cryptocurrency applications have seen their rankings increase in the Apple App Store.Among them, Coinbase has jumped from 26th place on U.S. Election Day to 1st place in the free finance category as of Friday. This rise in ranking coincides with a surge in trading volume for the exchange, which, according to CoinGecko, exceeded $12 billion on November 12, setting a record for the year.Other major crypto applications like Robinhood and Crypto.com have followed Coinbase's lead, climbing into the top 10 of the same category. Additionally, the mobile meme coin trading platform Moonshot surged 388 places from outside the top 400 to rank 84th in the free finance category during the same period.According to SensorTower data, Moonshot launched in July and has accumulated over 90,000 downloads on the iOS App Store and Google’s Android Play Store. As of late Friday, the multi-chain crypto wallet Phantom ranked sixth in the utilities category of the App Store.

ChainCatcher news, Coinbase has returned to the top ten of the US Apple App Store. Coinbase is currently ranked 9th in the "Free iPhone Apps" category. The Cash App, which supports Bitcoin, is currently ranked 30th, while the cryptocurrency and stock trading app Robinhood is ranked 13th.On Wednesday, Coinbase also rose to the number one spot in the financial category of the US App Store, and Coinbase's non-custodial web3 wallet is currently ranked 14th.

ChainCatcher news, Binance has been selected for Fortune's inaugural "2024 Asia's Financial Technology Innovators" list, ranking first in the "Blockchain and Crypto" category.The Fortune 2024 Asia's Financial Technology Innovators list showcases 60 of the most dynamic financial service companies in the fastest-growing regions globally.

ChainCatcher message, the Ethena community has initiated a proposal to include SOL as a supported asset for USDe, aiming to build a "spot and futures" hedging mechanism around SOL, similar to that of BTC and ETH.The proposal states that SOL can provide higher funding rates than BTC and ETH. Including SOL as collateral can further advance the integration of Ethena and Solana, and can also increase protocol revenue when market conditions improve.In addition, the Solana LST bnSOL issued by Binance and the Solana LST bbSOL issued by Bybit will also be considered for inclusion in the additional supported asset category for USDe. The voting on this proposal is currently ongoing.

ChainCatcher news, according to official sources, Bitmex has launched a new political category in its prediction market, adding 4 new political predictions for users to place bets on.Will U.S. presidential candidate Donald Trump win the election?Will U.S. presidential candidate Kamala Harris win the election?Will U.S. politician Jerome Powell resign or be fired before the end of his term?Will U.S. politician Gary Gensler resign or be fired before the end of his term?

ChainCatcher news, the Law Commission of England and Wales urges its government to classify all crypto assets as a new form of personal property in its final report on digital assets. The Law Commission is an independent body primarily responsible for reviewing and recommending legal reforms in England and Wales. On July 30, it published a supplementary report highlighting the inadequacies of the current classification of personal property and its legal implications for crypto assets.UK law divides personal property into two main categories: tangible property (possessions) and intangible property (such as debts or rights). The Commission believes that digital assets, including cryptocurrencies and non-fungible tokens, can possess both characteristics and hinder dispute resolution in court litigation.

ChainCatcher news, the prediction market Polymarket has added a "Olympics" category, in which:Currently, among the countries predicted to win the most gold medals at the Paris Olympics, the United States is at 79% and China is at 20%. The amount for this prediction market project has reached $1.2 million; among the countries predicted to win the most medals, the United States is at 94% and China is at 6%. The amount for this prediction market project has reached $1.3 million.

ChainCatcher news, according to Cointelegraph, Singapore's updated national risk assessment for anti-money laundering highlights significant risks in the field of anti-money laundering, particularly in the financial sector, where digital payment token (DPT) service providers pose greater vulnerabilities. The 126-page report identifies new risk areas not included in the previous report released in 2014, including virtual asset service providers as well as gemstone and precious metal trading.

ChainCatcher news, according to the official governance page, the Aave community has initiated the "Security Module ------ Create GHO/USDC E-CLP Category" ARFC proposal, suggesting the creation of a new security module (SM) category for GHO/USDC E-CLP based on Balancer v2 for Gyroscope, and to include GHO/USDC E-LCP in FastPass.

ChainCatcher message, the encrypted wallet Phantom Wallet is currently ranked third in the Utilities category of the Apple App Store, behind Google and Google Chrome Apps. Across the entire Apple App Store, Phantom Wallet is currently ranked 32nd in all categories, trailing behind X and the AI chatbot ChatGPT.

ChainCatcher news, according to SolanaFloor monitoring, the Phantom wallet is the third most downloaded free app in the "Utilities" category of the Apple App Store, following Google Chrome and Google Search. In all free app categories, Phantom ranks 32nd, behind X and ChatGPT.ChainCatcher Note: The app ranking data for Phantom in the Apple App Store varies by region.

ChainCatcher news, according to CoinGecko data, since the beginning of this year, meme coins have led the ranking of cryptocurrency asset categories with a return of 1313%, ranking first, RWA ranked second with 286%, and AI ranked third with 222%.In addition, DeFi, DePin, Layer 1, blockchain games, and Layer 2 ranked 4th to 8th.

ChainCatcher news, Stacks co-founder Muneeb.btc expressed his views on Bitcoin L2 on X, stating that programmable L2 will fully unleash the potential of BTC, and the $10 billion Bitcoin L2 market is just a conservative estimate. Bitcoin L2 may rapidly rise in the next cycle to become a top category.Muneeb.btc stated: "BitVM changes the game because you can effectively transfer trustless BTC to L2 (1-of-n honest assumption). Considering the true potential of releasing BTC assets through programmable L2, a $10 billion Bitcoin L2 market seems conservative. Some founders of Bitcoin applications and protocols couldn't even raise funds six months ago, and now they are oversubscribed. Venture capital is chasing seed-stage deals in Bitcoin L2 and applications. Given the influx of new developers and capital, Bitcoin L2 may rapidly rise in the next cycle to become a top category."Muneeb.btc also mentioned: "In the next 6 months, there will be 3-5 new L2s launched. More than 10 more will be launched in 12-18 months. Stacks continues to lead the market, and the Nakamoto upgrade is more important than ever. If Bitcoin L2 starts to take off, Bitcoin's dominance in the industry will increase. Bitcoin L2s will absorb BTC (similar to how ETFs strip BTC from the market) and increase demand for BTC. Given the work of these L2 developers and the progress they are making, BTC will become more valuable."

ChainCatcher news, according to The Block, Bitfinex's derivatives head Jag Kooner stated that just a week after trading began, the managed assets of the U.S. Bitcoin ETF have surpassed those of the silver ETF, making it the second largest ETF commodity category in the U.S.According to data from CC15Capital, Bitcoin spot ETF funds (including the conversion of Grayscale's GBTC trust) currently hold approximately 647,651 Bitcoins, with assets under management reaching $27.5 billion.

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke at the 2023 Securities Enforcement Forum, revealing the agency's enforcement actions that resulted in $5 billion in judgments and orders. Gensler noted in his speech, "Don't get me started on cryptocurrency. I won't even name all the individuals we have charged in this highly non-compliant space."When discussing the economic perspective of the SEC's enforcement actions, Gensler pointed out that the agency initiated over 780 enforcement actions in 2023, including more than 500 independent cases. These enforcement actions led to a total of $5 billion in judgments and orders, with $930 million allocated to harmed investors.Gensler reiterated his previous stance on cryptocurrency, claiming that most of the cryptocurrency market falls under the category of securities and therefore must be governed by the same laws. In explaining the broad definition of securities, Gensler elaborated on the concept of "investment contracts" and why most of the cryptocurrency market is similar to it. Gensler believes that most cryptocurrency assets will pass the investment contract test, bringing them under the jurisdiction of securities regulations.

ChainCatcher news, according to Coin Edition, some crypto enthusiasts believe that Ripple and XRP are competitors to Ethereum in the crypto space. However, Cardano founder Charles Hoskinson stated that XRP and ETH do not belong to the same category, let alone be a threat to Ethereum.Hoskinson pointed out that the fundamental difference between XRP and ETH lies in the lack of smart contracts in the XRP ecosystem, and it does not focus on the PoW consensus mechanism. Ripple's goal is to collaborate with banks to facilitate remittance services.Hoskinson believes that, in comparison, other projects like Nxt and Bitshares pose a greater threat to Ethereum than XRP. Therefore, the claims regarding members of the Ethereum community allegedly bribing U.S. regulatory officials to avoid targeting ETH and instead pursue XRP (the SEC previously sued Ripple and deemed XRP a security) are, in Hoskinson's view, unfounded.