ChainCatcher news, Federal Reserve's Goolsbee stated that he expects the Fed to continue cutting interest rates to achieve a goal that neither restricts nor promotes economic activity.Goolsbee said, "Unless there is compelling evidence that the economy is overheating, I see no reason not to continue lowering the federal funds rate." "The pace of rate cuts depends on the outlook and conditions. But in my view, we are on a clear path that will lead to lower rates, closer to the neutral rate." He mentioned that his prediction for the neutral rate is close to the officials' median estimate, which is 2.9% as projected in September. Goolsbee noted that the overall situation in recent months has been that inflation has often been below expectations, but not significantly above the 2% target.

ChainCatcher news, according to Bitcoin.com, from November 16 to November 24, the total supply of Wrapped Bitcoin (WBTC) on the Ethereum network decreased from 146,734 to 140,890, a reduction of 5,844.In addition, data from the on-chain transaction monitoring platform BTCparsers shows that 5,182.34 WBTC were destroyed in a single transaction. The operators of BTCparsers stated, "It is very rare to see such a large flow of WBTC on the Ethereum chain, and interestingly, this time it seems they were destroyed."

ChainCatcher news, official data shows that as of November 14, in the past 7 days, Circle issued approximately 2.7 billion USDC, redeemed about 2.9 billion USDC, and the circulation decreased by approximately 200 million. The total circulation of USDC is 36.7 billion, with reserves of about 36.9 billion USD, of which cash is about 4.4 billion USD, and the Circle Reserve Fund holds approximately 32.4 billion USD.

ChainCatcher news, according to Bloomberg, venture capital in the cryptocurrency sector saw a significant decline in the third quarter before the election fervor of elected President Trump revived industry sentiment. PitchBook data shows that in the three months ending September 30, cryptocurrency startups attracted $1.7 billion in investment, a decrease of 31.3% from the previous quarter. The number of deals completed fell by 25.3% to 392.PitchBook senior analyst Robert Le wrote in the report, "We believe this adjustment is a natural and necessary component of a healthy cryptocurrency market." Le attributed the decline in cryptocurrency venture capital deals to macroeconomic factors, including increased market volatility and concerns about a recession in the U.S. Similar to the previous quarter, new infrastructure projects like blockchain continued to attract venture capitalists in the third quarter. Le stated that he expects further consolidation among cryptocurrency exchanges, custodians, and infrastructure companies in the future.

ChainCatcher news, according to Jinshi reports, IG market strategists stated that Trump's election as President of the United States has directly led to a reduction in the expectation of Federal Reserve rate cuts before 2025. The potential "red wave" means there is little resistance to his tax cuts and spending plans, coupled with his stance on raising tariffs.The strategist said, "Overall, this could complicate the Federal Reserve's efforts to combat inflation, and we might expect the Fed to be more cautious in its future easing process, indicating upward pressure on yields and a stronger dollar." Traders now believe there is a 68% chance that the Federal Reserve will cut rates by 25 basis points in December, compared to about 83% before Trump's victory.

ChainCatcher news, according to News.bitcoin, this week NFT sales reached $95.72 million, an increase of 14.99% compared to the previous week, after several weeks of declining trading volume. However, the number of buyers this week saw a significant drop of 90.21%, while the number of NFT sellers decreased by 88.80%.Ethereum was the highest-selling blockchain this week with seven-day sales of $31.14 million, up 13.25%. Following closely, Bitcoin-centered NFT sales ranked second with $26.01 million, and Solana ranked third with sales of $12.97 million from November 2 to November 9.

ChainCatcher message, CICC research report points out that by mid-2025, U.S. inflation and economic data may gradually recover, and the pace of interest rate cuts may gradually stop. With Trump's election, the risk of interest rate increases is greater than the risk of decreases, and a 100bps rate cut may be an appropriate magnitude.The market's expectations for the future path of interest rate cuts are currently experiencing a swing from one extreme to another, influenced by recent economic data, especially after the election. In terms of rhythm, inflation and economic data may gradually rebound by mid-2025, leading to a gradual halt in interest rate cuts.CICC estimates that inflation in the fourth quarter of this year will show a year-on-year increase due to base effects, but driven by the decline in rents, inflation and core inflation are unlikely to face significant pressure in the first quarter of 2025. In terms of magnitude, a rate cut to around 3.5% is a reasonable level.

ChainCatcher message, according to Mytoken data, as of now, based on the supply data analysis of Ethereum, the supply of ETH is greater than the amount burned, with an additional 11,431 ETH added in the last 7 days.Ethereum's revenue and ETH supply burn have significantly decreased, with total revenue being 69% lower than the average of the 150 days prior to the upgrade, and the amount of ETH burned being over 80% lower than the average of the 150 days prior to the upgrade.

ChainCatcher news, according to on-chain analyst @ali_charts monitoring, Bitcoin whales have reduced their holdings before the U.S. election, with the number of addresses holding more than 1,000 BTC decreasing by 2%.

ChainCatcher message, Santiment posted on X that as traders await clarity in the cryptocurrency market, the number of non-empty Bitcoin wallets has seen a significant decline, decreasing by 211,500 compared to three weeks ago, which is a strong FUD signal typically associated with future bullish price movements.Meanwhile, last weekend saw a decrease of 11,600 USDC wallets in a single day.Additionally, the number of Dogecoin wallet addresses increased by 46,400 within a week, indicating that traders are speculating on Meme coins, even after a local peak last week.

ChainCatcher news, Santiment posted on the X platform that as traders await clarity in the cryptocurrency market, the number of non-empty Bitcoin wallets has seen a significant decline.Compared to three weeks ago, the number of Bitcoin addresses has decreased by 211,500, which is a strong FUD signal typically associated with a bullish outlook for future prices. Meanwhile, this weekend saw a decrease of 11,600 USDC wallets in a single day, as the behavior of the stablecoin has been quite volatile.Additionally, the number of Dogecoin wallet addresses increased by 46,400 within a week. This indicates that traders are speculating and gambling on Memecoins, even after last week's local peak.

ChainCatcher news, according to Protos, data shows that the Telegram ecosystem point-earning game Hamster Kombat claimed to have a user base of 300 million in August, but it has since sharply decreased to 259 million, with the monthly active player count nearing 41 million.Its token HMSTER opened at OKX on September 26, reaching a high of 0.013272 USDT, and is currently reported at 0.002406 USDT, down over 80% from its peak.Earlier this year, Telegram CEO Pavel Durov described Hamster Kombat as "the fastest-growing digital service in the world," and stated that it is part of a new era of mini-programs bringing blockchain to the masses.

ChainCatcher news, according to News.bitcoin, NFT sales in October fell by 36% after a 47.9% drop in September. The sales for the month were approximately $361.5 million, with Ethereum NFTs dominating the market. NFTs based on Ether generated over $120 million in revenue, a decline of 34.11% compared to September.Following closely are Bitcoin NFTs, with sales reaching $69.6 million, down 27.17%. Solana ranked third, with sales of $66.26 million, a decrease of 22.94% compared to September.

ChainCatcher news, according to CoinDesk, Wall Street analysts expect that Coinbase's (COIN) spot trading volume will further slow in the third quarter, partly due to a lack of catalysts in the crypto market and the uncertain regulatory environment ahead of the presidential election.According to FactSet estimates, when Coinbase reports earnings after the market closes on Wednesday, third-quarter revenue is expected to decline by about 13%, from $1.45 billion in the previous quarter to $1.26 billion. Meanwhile, earnings per share (EPS) are expected to be $0.46, up from $0.14 in the second quarter.Barclays analyst Benjamin Buddish wrote in a report, "Coinbase's trading volume remains weak this quarter, primarily due to weak retail trading revenue." He maintained an equal weight rating on the stock and raised his price target from $169 to $175, while lowering his third-quarter EPS estimate from $1.62 to $1.05.

ChainCatcher message, in the 7 days ending October 24, Circle issued approximately 1.7 billion USDC, redeemed about 2 billion USDC, and the circulation decreased by 300 million. The total circulation of USDC is 34.4 billion, with reserves of approximately 34.6 billion USD, of which about 4.1 billion USD is in cash, and the Circle Reserve Fund holds about 30.5 billion USD.

ChainCatcher message, according to Dune Analytics data, as of this month, Farcaster's cumulative revenue is approximately $15,825, significantly lower than February's $415,900. Its revenue last month was $32,840.According to previous reports, Farcaster completed a $150 million Series A funding round, with participation from Paradigm, a16z crypto, Haun Ventures, and others, with a valuation of $1 billion for this round. Farcaster co-founder Dan Romero stated at the time that this funding would be used to support the service for "many years to come" and would expand the daily active user base throughout the remainder of 2024. (The Block)

ChainCatcher message, the BitVol (Bitcoin Volatility) Index launched by the financial index company T3 Index in collaboration with the options trading platform LedgerX dropped to 57.01 yesterday, a decrease of 1.08% in a single day.The BitVol Index measures the 30-day expected implied volatility derived from the prices of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option prices. It is the volatility that is reverse-engineered using the B-S option pricing formula, substituting the actual option prices and other parameters except for volatility σ into the formula.The actual prices of options are formed through competition among numerous options traders; therefore, implied volatility represents the market participants' views and expectations about the future of the market, and is thus considered the closest approximation of the true volatility at that time.

ChainCatcher news, according to Bitcoin.com, since October, the stablecoin market has experienced moderate growth, but overall growth remains quite slow. Currently, the industry is valued at $172.7 billion, with 48.9% of stablecoins circulating on Ethereum and 34.92% on Tron. Although the stablecoin market has significantly expanded since the beginning of this year, the transaction volume has been steadily declining since May. At that time, the transaction volume peaked at $3.6 trillion and dropped to $1.6 trillion last month. As of now, the transaction volume for October is approximately $1.2 trillion.Although the number of active addresses has also decreased since March, the decline is not as severe as the reduction in transaction volume. Of the $1.2 trillion transacted this month, $309.2 billion was completed on Ethereum, while Tron processed $282.9 billion.

ChainCatcher news, on-chain analyst Onchain Lens stated on the X platform that the Meme culture of TRON DAO seems to be in a "stagnation" state. Since the launch of SunPump, 90,819 tokens have been deployed, but the deployment volume has decreased since September. On SunPump, only three tokens have a market cap exceeding $10 million, and only SunDog has a market cap over $100 million.Onchain Lens stated: "Despite Justin Sun's vigorous promotion of Meme culture on the Tron network, it has not garnered widespread attention, and developer interest in the Tron network is also quite scarce."