ChainCatcher news, according to CoinDesk, based on a report from the crypto intelligence platform Merkle Science, in 2024, losses exceeded $500 million due to the crash of Meme coins and scams.The report from Merkle Science revealed that 75% of attacks occurred on the X platform, while 19% took place on YouTube. 44% of reported social engineering scams led to the crash of Meme coins, and phishing attacks were also considered a factor in 44% of all scam cases.

ChainCatcher news, according to Morningstar, investors seeking to continue the cryptocurrency bull market will closely monitor any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Trump has repeatedly vowed to support the crypto industry during his campaign and has received backing from several key figures in the sector.Fundstrat's head of digital assets, Sean Farrell, explained, "The first 100 days of Trump's term will be very, very important, as analysts often use the 'first 100 days' as a benchmark for measuring the efficiency and influence of an incoming U.S. president." Although the incoming president has yet to outline any specific plans, investors will be watching to see if Trump fulfills his promise to establish a strategic Bitcoin reserve in the U.S., which primarily includes:Clear guidelines on which cryptocurrencies should be classified as securities;Whether Trump will fulfill his commitment to establish a strategic Bitcoin reserve in the U.S.;Any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies, requiring publicly traded companies, including banks, to recognize the cryptocurrencies they hold in custody as liabilities on their balance sheets;Whether the Federal Reserve will significantly lower its key policy interest rates in 2025.

ChainCatcher news, investors seeking to continue the cryptocurrency bull market will closely monitor any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Fundstrat's head of digital assets, Sean Farrell, said in a phone interview, "The first 100 days of Trump's term will be very, very important." Politicians and analysts often use the "first 100 days" as a benchmark to measure the effectiveness and influence of an incoming U.S. president.

ChainCatcher news, according to Forbes, Ed Hindi, the Chief Investment Officer of Swiss cryptocurrency hedge fund Tyr Capital, stated that the increasing expectations for Trump in the crypto market had led to a price surge. However, investors will closely monitor Trump's actions within the first 100 days of his presidency, as any discrepancy between his actions and words could trigger volatility.Additionally, Tim Kravchunovsky, the founder and CEO of the decentralized telecom network Chirp, added: "As we enter 2025, it will be a historic year for digital assets, as the United States adopts Bitcoin as a national reserve currency. Despite ongoing uncertainties in this regard, I believe this will happen soon—likely within a few months after President Donald Trump's inauguration."

ChainCatcher news, according to Protos, the Norwegian news site TV2 has revealed the personal details of some major cryptocurrency investors in Norway, who collectively hold assets worth tens of millions of dollars.TV2 published this list on December 4, using Norway's publicly accessible tax declaration system to track the income and overall wealth of prolific cryptocurrency holders.At the top of the wealth list are Terje Øvrehus, Kristoffer Daniel Norambuena, and Alexander Leonard Larsen, who hold $32.7 million, $28.8 million, and $28 million in crypto assets, respectively.

ChainCatcher news, according to The Block, at the Emergence conference in Prague, several cryptocurrency investors believe that the current bull market cycle is still in its early stages. Against the backdrop of Bitcoin breaking the historical high of $100,000, Rockaway X managing partner Viktor Fischer stated that although Twitter sentiment is bullish, U.S. politicians are beginning to support cryptocurrencies, and Federal Reserve Chairman Powell has referred to Bitcoin as digital gold, retail participation is far from the levels seen in 2021.Matthew Graham, founder of Ryze Labs, used a baseball metaphor to express that the current market is only in the fifth or sixth inning, and warned that "the best time to sell is when people start partying, dating supermodels, and buying yachts." Fischer recalled that in November 2021, when Solana reached $250, people were wearing LV and Off-White, which was the real time to sell.On the regulatory front, CMT Digital investment partner Charlie Sandor stated that the new Trump administration may be more friendly towards cryptocurrencies, which will drive innovation and adoption. In terms of investment trends, several VCs unanimously favor AI agents, believing this is the most important trend following DeFi. Ryze Labs has partnered with ai16z to launch a $5 million AICombinator program to support the development of the AI ecosystem.

ChainCatcher message, Meme coin KOL Murad posted in Chinese on the X platform, stating, "Chinese cryptocurrency investors should join Western investors in this Memecoin cycle. In my opinion, the strongest Meme coin will still rise 100 to 200 times."

ChainCatcher news, according to DL News, multiple crypto investors have reported being unable to withdraw their funds from the Gray Digital fund. Security service company Assure DeFi estimates that approximately $8 million is trapped in the fund.Since its establishment in June 2022, Gray Digital has attracted around 1,000 depositors, with total deposits exceeding $42 million. Gray Digital has recorded an annual return rate of nearly 200%, attracting investors by claiming to generate profits through trading in stocks, derivatives, bonds, and cryptocurrencies. However, six investors have already revealed that their withdrawal requests have been denied.Other screenshots from conversations on Gray Digital's Discord server show that the fund's head, Gauvin, blames the situation on bad actors. He stated that these mysterious individuals coordinated large-scale withdrawals, spread "conspiracy theories," and contacted his own bank, resulting in his account being frozen.The U.S. Securities and Exchange Commission (SEC) has launched an investigation into the platform and issued subpoenas to relevant parties.

ChainCatcher news, 1confirmation founder Nick Tomaino posted on X that if you are currently building or investing in cryptocurrency, then Ethereum is a reverse investment and the right choice. KOLs and fake venture capitalists hold the opposite view.

According to ChainCatcher news, a report from the Korea Daily shows that the number of cryptocurrency investors in South Korea reached 7.78 million in the first half of 2024, a 21% increase compared to the second half of 2023. During the same period, the average daily trading volume rose from 3.6 trillion won to 6 trillion won, an increase of 67%.The report also indicates that the total market capitalization of cryptocurrencies in South Korea grew by 27% to 55.3 trillion won, and the profits of 21 local cryptocurrency exchanges increased by 106% year-on-year to 590 billion won. Notably, men aged 30 to 40 are the primary investor group, accounting for 68% of total investors, with 67% of investors holding amounts below 500,000 won.

ChainCatcher news, according to Cointelegraph, a survey by the cryptocurrency exchange Kraken found that crypto investors mostly prefer the dollar-cost averaging (DCA) method when entering the market. According to a survey of 1,109 crypto investors released by Kraken on October 7, about 83.5% of investors have used the DCA strategy, and 59% of investors still consider it their primary method for purchasing cryptocurrencies.Dollar-cost averaging involves regularly purchasing assets, such as once a month, regardless of the price. Kraken's researchers claim that this can "reduce the impact of short-term price fluctuations and eliminate emotions that may affect judgment." Over 46% of respondents indicated that the biggest advantage of DCA is hedging against market volatility, while about one-third of respondents believe it supports consistent investment habits. Approximately 12% of respondents stated that DCA eliminates emotions in trading. The survey found that high-income investors with incomes over $100,000 are more likely to use DCA, while low-income investors with incomes below $100,000 are more likely to attempt to time the market.

ChainCatcher news, according to Bitcoinist, renowned American economist Steve H. Hanke has labeled cryptocurrency investors as "psychopaths."Steve H. Hanke cited a study from the University of Toronto, stating that cryptocurrency holders exhibit lower levels of analytical and scientific thinking compared to the general population, and are more likely to display psychopathic traits. The study involved approximately 2,001 American adults from the University of Toronto and aimed to "explore the psychological and social characteristics of individuals who invest in and hold cryptocurrencies long-term."It is reported that many members of the crypto community are outraged by Hanke's statement and believe the study is "inaccurate."

ChainCatcher News, New Jersey (NJ) Attorney General Matthew J. Platkin, the Division of Consumer Affairs, and the New Jersey Bureau of Securities announced on Monday that investors in the state should immediately withdraw funds from the cryptocurrency trading and lending platform Abra.Prior to this, the company was under a multi-state investigation for allegedly violating state securities laws by selling interest-bearing accounts. Abra has raised over $116 million nationwide, including $2.97 million from investors in New Jersey. The investigation led by the Texas State Securities Board has resulted in Abra gradually scaling back its U.S. operations.According to the terms of the agreement, virtual assets in accounts on the New Jersey Abra platform will be converted to U.S. dollars, and investors will be issued refund checks for amounts of $10 or more. Amounts less than $10 will remain on the platform for investors to withdraw.

ChainCatcher news, according to Cointelegraph, the Cybersecurity and Infrastructure Security Agency (CISA) issued a warning on June 12, stating that impersonation scams have increased, often using "the names and titles of government employees." The CISA alert explains that its staff will never ask for wire transfers of "cash, cryptocurrency, or the use of gift cards." Reports indicate that scams have once again become "one of the biggest drivers of cryptocurrency crime, causing losses of $4.6 billion in 2023."

ChainCatcher news, according to a recent survey by Preply, up to three-fifths (60%) of cryptocurrency investors in the United States do not understand blockchain technology. The research found that while 41% of respondents expressed interest in learning about cryptocurrency, the proportion of Generation Z willing to learn is the smallest. The report also noted that American residents who invest in NFTs may also invest in cryptocurrency. The study further discovered that different generations have varying levels of interest in digital assets beyond cryptocurrency. For example, 12% of surveyed millennials reported having invested in NFTs, while only 4% of baby boomers did.The report indicates that American residents who invest in NFTs are also inclined to invest in cryptocurrency, suggesting that this may be a first step in exploring other digital assets.

ChainCatcher news, according to CoinDesk, the Internal Revenue Service (IRS) has previewed future tax forms for crypto investors after completing its controversial regulations on how to report cryptocurrency transactions to the federal government. The new 1099-DA form will help calculate taxable gains or losses when digital asset brokers trade, and may include information such as filling in personal token codes and providing wallet addresses. The instructions accompanying the form indicate a date of 2025.It is reported that this disclosure is only preliminary and may still change based on the final outcome of the tax rules proposed last year. While establishing U.S. tax practices for cryptocurrency is one of the necessary steps to eliminate uncertainty and confusion for investors, crypto businesses are anxious about how the IRS will identify digital asset brokers that need to comply with the new system, which may include wallet providers, decentralized platforms, and payment processors.Additionally, the IRS is seeking public comments on the draft form. It is currently unclear when the IRS will issue the final regulations, but the 2025 form indicates that the final regulations will be released sometime this year.

ChainCatcher news, according to Cointelegraph, data from cryptocurrency tax software provider CoinLedger shows that in 2023, cryptocurrency investors averaged nearly $900 in net gains from selling cryptocurrencies, which stands in "stark contrast" to 2022, when several cryptocurrency companies collapsed, resulting in billions of dollars in losses for investors.CoinLedger analyzed reports from 500,000 users and found that as the crypto industry began to recover, cryptocurrency investors achieved an average realized gain of $887.60 in 2023, a significant improvement compared to 2022. In 2022, the median realized loss for cryptocurrency investors was $7,102. CoinLedger CEO David Kemmerer stated that this outcome suggests the cryptocurrency market may be poised for a resurgence.

ChainCatcher message, SEC Chairman Gary Gensler issued a risk warning to cryptocurrency investors on social media, stating that those providing cryptocurrency asset investment/services may not comply with applicable laws, including federal securities laws. Investors in cryptocurrency securities should understand that they may be deprived of key information related to their investments and other important protections. Furthermore, investments in cryptocurrency assets may also carry extremely high risks and are often highly volatile. Many major platforms and cryptocurrency assets have gone bankrupt and/or lost value. Investment in cryptocurrency assets continues to face significant risks.Gensler also stated that fraudsters continue to exploit the growing popularity of cryptocurrency assets to lure retail investors into scams. These investments are rife with fraudulent activities—fake token offerings, Ponzi schemes, and pyramid schemes, as well as outright theft where project promoters disappear with investors' money.