ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform that the future of Ethereum is on-chain prediction markets, social networks, DAOs, identity protocols, AI agents, messaging applications, NFTs, DeFi applications, stablecoins, games, and more. Every significant new idea driving the crypto space forward has started with Ethereum. This has been true for the past 9 years.Many people in the community have been struggling here for a long time, experiencing many ups and downs, and do not care about narratives or tribal nonsense. We just want useful applications that bring cryptocurrency to more people.

ChainCatcher news, Binance CEO Richard Teng tweeted that the crypto space is not just about "HODLing" and "flipping tokens," but also about learning and growing. "True geniuses read white papers, understand the technology, and stay ahead in the game. It's time to put in the effort."

ChainCatcher news, Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.It noted that with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and the Financial Accounting Standards Board (FASB) revising fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways.Chainalysis also mentioned that the funds flowing into "legitimate" services so far this year are at the "highest level" since 2021 (the last peak of the bull market). It pointed out that illegal activity funds have decreased by "19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing on-chain illegal activities."These signs suggest that cryptocurrencies will continue to be "adopted globally," which is also reflected in Japan's crypto ecosystem. Overall, Japan's services have a "generally lower exposure to global illegal entities, such as sanctioned entities, dark web markets (DNM), and ransomware services, as most Japanese services primarily target Japanese users."However, the report clarifies that this does not mean Japan is "completely immune to crypto-related crime," with public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasizing that cryptocurrencies pose a "significant money laundering risk." Chainalysis further pointed out that although Japan's contact with international illegal entities may be limited, the country "is not without its own local challenges. Off-chain criminal entities utilizing cryptocurrencies are common but often remain unknown." (Crowdfund Insider)

ChainCatcher news, November 7, Bitfinex analysts expect that after Trump's election as President of the United States, the crypto market will welcome a "new wave of hope."As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts stated, "We expect that in the short term, a significant amount of capital will be released for the crypto sector. Furthermore, this may influence the approach taken by the U.S. SEC, which is widely regarded as having a hostile stance towards the crypto industry."

ChainCatcher news, according to CoinDesk, Darius Sit, co-founder and chief investment officer of Singapore-based crypto trading firm QCP Capital, believes that the impact of the world's largest asset management company BlackRock entering the crypto space is more significant than the U.S. presidential election.Although support for Republican candidate Trump may bring short-term market volatility, Sit pointed out that BlackRock's Bitcoin ETF has brought cryptocurrencies into the mainstream investment arena. Sit stated that when BlackRock CEO Larry Fink publicly declared Bitcoin as a "store of value" on CNBC, it marked an elevation of cryptocurrencies' status in the U.S. investment market.Additionally, Sit noted that despite Trump's promise to create a more crypto-friendly policy during his campaign, the growth potential of the global market remains to be seen. QCP has recently expanded its business in Abu Dhabi, where regulators view digital assets as part of the capital markets, providing a stable market environment.

ChainCatcher news, according to The Block, TechCrunch founder Michael Arrington posted on X that the payment company Stripe has acquired the stablecoin platform Bridge for $1.1 billion.Bridge is Stripe's largest acquisition to date and the biggest acquisition in the history of the crypto industry. Bridge previously raised $58 million, including a $40 million Series A round at a valuation of $200 million.Bridge was founded by entrepreneurs Sean Yu and Zach Abrams, providing software tools to help businesses accept stablecoin payments. The two founders previously sold Evenly, a competitor to Venmo, to Block in 2013; Abrams is also a former senior employee at Coinbase.

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire spoke at the "The Next 3 Years in Crypto" roundtable discussion on the first day of the TOKEN2049 main event, stating:In the vision 1.0 version of Circle, this is essentially a world where the marginal cost of storing and transferring value is zero. In this world, the experience of users transacting on these mediums will be as simple and seamless as the user experience we have with major software tools on the internet. We are not fully there yet, but we are very close. However, I believe that in the coming year, we will make progress on relevant practical tools.I feel that as we approach that point (the vision 1.0 version), the velocity of money circulation and the actual economy in the world will significantly increase, and if we have such a high velocity of money circulation, the ability for people to gain economic benefits from it will be substantial.I believe we are still in the early stages; despite the tremendous progress made in decentralized finance (DeFi), we are just beginning to explore this field. I liken the current situation to when the iPhone was released, when there were many creative ideas about mobile devices.

ChainCatcher news, according to Bloomberg, one of the fastest-growing projects in the cryptocurrency space this year is The Open Network (TON), a project related to Telegram. Telegram's previous blockchain plans had drawn the ire of U.S. regulators.By partnering with Telegram to attract its 900 million monthly active users, TON's TVL skyrocketed by 1400% this year, briefly surpassing $1 billion. According to data tracked by DeFiLlama and CoinGecko, since January, TON's market capitalization has increased to nearly three times its previous value, making it into the top ten.

ChainCatcher news, according to a video disclosed by unusual_whales, shows that Gary Gensler, the chairman of the U.S. SEC, stated that some leading figures in the cryptocurrency space are either already in prison, about to go to prison, or awaiting extradition.

ChainCatcher message, Ethereum co-founder Vitalik Buterin posted on Warpcast that an important component of cultural awareness is understanding different cultural domains where the same word can be used in different ways. For example, in most European languages, "actual" means "current," and "concurrency" means "competition." In the crypto space, "DAO" refers to "project," and "official" refers to "scam."

ChainCatcher news, cryptocurrency analyst Cold Blooded Shiller stated that several celebrities have launched memecoins in the past four days. Historically, cryptocurrency projects involving celebrities often fail, leading to a total loss of value.Shiller believes that if celebrities launch tokens immediately, regardless of who they are, they should be kicked out. If they launch tokens and say some empty words about their love for cryptocurrency, they should also be kicked out. He thinks that celebrities quickly cashing in on the buzzword "memecoin" is a predatory behavior, and people have every reason to be angry about it.Shiller suggests that celebrities should take the time to understand and engage in the cryptocurrency space without promoting tokens; otherwise, they cannot be trusted. He points out that the current environment does not have a positive effect, merely providing a platform for people to profit from their fame.In response, cryptocurrency KOL Ansem disagrees with the idea of kicking out those celebrities who issue tokens, as some celebrities may be unaware and are often misled by their teams. They care about their fans, and if they knew their actions were harmful, they would be more likely to find positive ways to engage. Therefore, discussions are important to help celebrities understand the issues and avoid repeating mistakes.

ChainCatcher news, according to The Block, blockchain payment infrastructure company MoonPay has announced the launch of Web3 Tools, a platform designed to help brands provide consumers with a streamlined Web3 experience. Web3 Tools offers a comprehensive set of features, including authentication, token gating, ticketing, and insights, enabling brands to build communities, foster loyalty, and unlock new revenue streams. The new platform has assisted global brands such as Adidas, Gucci, Puma, and Mastercard in implementing Web3 initiatives.MoonPay stated that it developed Web3 Tools using technology acquired through the acquisition of the NFT solution ethpass, as well as previously undisclosed acquisitions of Plex Labs and Nifty's.