ChainCatcher news, local time today (December 10) afternoon, the South Korean National Assembly passed the "Permanent Special Investigation Act" with a vote result of 210 in favor, 63 against, and 14 abstentions, to investigate the insurrection charges related to President Yoon Suk-yeol's late-night declaration of "emergency martial law" and other issues disrupting constitutional order.The subjects of the investigation include South Korean President Yoon Suk-yeol, former Defense Minister Kim Dong-yeon, and other key figures involved in the "emergency martial law." The ruling party in South Korea stated today (December 10) that it will push for President Yoon Suk-yeol to step down early next year and hold early elections, while the opposition parties expressed their determination to expedite the impeachment of Yoon Suk-yeol. (Jin Ten)

ChainCatcher news, Barrick Gold CEO stated: "Cryptocurrency is highly volatile and is indeed affected by elections. But I don't believe it has the same fundamentals as gold. When you examine the global monetary system, fiat currencies, and the debt we are facing, you will find that many large global investors have already started to liquidate some of their investments and shift their funds."

ChainCatcher news, according to DL News, after the cryptocurrency industry invested $133 million in the 2024 election, the pro-cryptocurrency political action committee Fairshake has raised $78 million for the 2026 midterm elections. Coinbase has announced it will contribute $25 million to Fairshake, while Andreessen Horowitz has also pledged to invest over $23 million in election funding for Fairshake and its affiliated PAC.

ChainCatcher message, Federal Reserve Chairman Powell: In the short term, elections will not affect policy. It is unclear when and what the changes in (government) policy will be. Therefore, it is unclear how policy will affect the Federal Reserve's goals.

ChainCatcher news, over 100 legal leaders have signed an open letter warning lawyers questioning the U.S. election not to spread false information in court documents. It is reported that Trump filed numerous lawsuits after losing the 2020 election, claiming that the Democrats cheated in the election. A few prominent lawyers who worked for Trump, including Rudy Giuliani, lost their licenses for spreading false information.

ChainCatcher news, Matrixport released a chart stating that as the U.S. presidential election approaches, market traders' anxiety has increased, but BTC remains in a neutral zone. Currently, Bitcoin's 21-day Relative Strength Index (RSI) has dropped to 56%, well below the 70% overbought threshold, indicating that Bitcoin is neither overbought nor oversold.Since a neutral RSI typically suggests that traders are less impacted by market fluctuations, a neutral RSI implies that Bitcoin's risk premium (including high implied volatility) may decrease after the election.This stands in stark contrast to the bear market decline when the RSI value reached 80% in March, while a significant rebound occurred in July and August when the RSI was only 25%. Considering this situation, selling volatility this week seems to be a potentially attractive strategy.

ChainCatcher news, Piper Sandler & Co. options chief Daniel Kirsch stated: "We continue to see interest in U.S. election trading, which has picked up in recent days. Clients expecting Trump to win the election are increasing their exposure to financial and cryptocurrency stocks, while those betting on Harris are buying options on renewable energy stocks. Hedging has also increased, with traders buying put options on the S&P 500 index and QQQ ETF."Short-term S&P 500 implied volatility has remained elevated relative to the one-month level, as the impacts of the election and Federal Reserve rate hikes have permeated the calculations of short-term indicators. The Cboe VVIX index, which measures VIX volatility, is also at a high level.Penn Mutual Asset Management portfolio manager Zhiwei Ren commented: "Currently, the options skew is significant, with VIX far above actual volatility. These signs indicate that market hedging measures are in place."

ChainCatcher news, Citadel CEO Ken Griffin stated that with the uncertainty behind us, we will see a "risk-on" environment for asset prices following the election.

ChainCatcher news, according to Cointelegraph, based on regulatory documents submitted to the Commodity Futures Trading Commission (CFTC), Kalshi is launching more political event prediction markets ahead of the U.S. elections, including the results of the Ohio statewide referendum and the announcement by the Associated Press (AP) of the results in the last state of the presidential race, among others.According to CFTC data, since October 31, Kalshi has registered over twenty contracts, most of which are related to the upcoming U.S. elections. According to the Kalshi website, as of November 1, the total betting volume for Kalshi's "Who will win the presidential election?" has reached approximately $144 million since its launch on October 7.Data from the platform shows that as of November 1, the probability of Trump winning the presidential election is 56%, while Harris's probability is 44%.

ChainCatcher news, Musk posted a Shiba Inu-related image on the X platform in conjunction with the U.S. elections, in which Musk is seen wearing a "Make America Great Again" hat and raising his fist, while the Shiba Inu in the image is making a similar gesture.Perhaps influenced by this, DOGE briefly surged past $0.14, currently reported at $0.145, with a 24-hour increase of 4.46%, and a market cap rising to approximately $21 billion.

ChainCatcher news, according to 4E monitoring, on Thursday, only the Dow Jones fell among the three major U.S. stock indices. Dragged down by the earnings reports of IBM and Honeywell, the Dow fell 0.33%, marking its fourth consecutive day of decline; the S&P 500 index rose 0.21%, halting a three-day losing streak; Tesla surged nearly 22%, supporting the Nasdaq and the consumer discretionary sector, with the Nasdaq reaching a peak increase of over 0.8% during the session. Most cryptocurrencies rose, with Bitcoin rebounding to surpass $68,000, up 0.9%, and Ethereum reported at $2,513, down 1.5%.In the foreign exchange bulk market, the U.S. dollar index fell about 0.4% on Thursday, ending a three-day rally and retreating from a nearly three-month high; as U.S. Treasury yields fell alongside the dollar, gold prices surged significantly. Spot gold jumped by $20.52, an increase of 0.76%, approaching historical highs again; concerns about a slowdown in the European economy negatively impacting oil demand, coupled with reports that the U.S. and Israel would attempt to restart negotiations on a ceasefire in Gaza, pressured oil prices, with U.S. oil and Brent oil rising over 2% before turning to a decline of more than 1%.Multiple economic data released in October support the market's bets on a regular 25 basis point rate cut by the Federal Reserve in November. The market is still focused on corporate earnings reports; so far, over 32% of companies in the S&P 500 index have reported their third-quarter results, with 76% of those companies exceeding analysts' expectations. Despite the continuous major news during earnings season, with the U.S. election approaching, the overall U.S. stock market remains directionless. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, QCP released a weekly summary stating that this week has been an exciting one for cryptocurrencies. BTC rose by 10.48%, reaching a high of $69,000, with the psychological barrier of $70,000 now within reach. There are no major macro data points to act as resistance next week.The inflow of BTC ETFs this week has been substantial. As of Friday, ETF inflows reached $203.3 million, and there has been a net inflow trend for six consecutive days. The continued inflow into ETFs indicates that institutional demand remains strong. With the SEC approving Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE) this morning, it is believed that this will provide the necessary liquidity for ETFs, attracting sustainable capital inflows.Bitcoin's market share currently stands at a multi-year high of 58%, a level last seen in April 2021. As it approaches the key resistance level of 60%, we believe this will lay the foundation for a strong recovery of Layer 1 (L1) tokens.As the U.S. stock market approaches historical highs, the yen continues to weaken, and with the U.S. elections approaching, risk appetite will only strengthen further. This will drive up risk assets and support the "Uptober" rebound narrative.

ChainCatcher news, QCP released a daily report stating that Bitcoin rose by 2.20% last night, briefly rebounding to the $68,000 mark driven by strong spot demand, and then stabilizing in the $67,000 range. During the U.S. trading session, there was a significant amount of buying in long-term options expiring on March 28, with 600 contracts at a strike price of $120,000.This indicates that optimistic long-term buyers are returning in this rebound. Yesterday, Bitcoin ETFs saw an increase of $456 million, continuing four days of net inflows. These strong and growing capital inflows may be a leading indicator for BTC to challenge its historical high of $73,790 again.Although the U.S. election is the next key catalyst for Bitcoin and cryptocurrencies, there remains uncertainty in the market regarding Bitcoin's trajectory post-election. The trading price of options expiring close to the election is at a premium of 10% compared to other expiring options. As everyone focuses on the election, any changes in polling or candidate campaign narratives will be amplified in the spot prices.

ChainCatcher news, dYdX has launched a prediction contract market regarding the U.S. elections on the platform.Users can bet "yes" or "no" in the TRUMPWIN-USD market, with the final settlement price for each option being either $0 or $1, and the buy-in price at the time of betting being the cost price. It is worth mentioning that users can go long or short with up to 20x leverage (correct predictions can yield 20 times the profit, but conversely, a 5% adverse movement could lead to liquidation), which offers greater capital flexibility compared to traditional prediction markets.

ChainCatcher news, according to The Block, Standard Chartered's Global Head of Digital Assets Research Geoff Kendrick released a report stating that Bitcoin is showing upward momentum and may approach its historical high of $73,800 before the U.S. presidential election.Kendrick pointed out that multiple factors are driving this potential price increase, including a steepening U.S. Treasury yield curve, a revival of interest in spot Bitcoin ETFs, and an increased probability of Donald Trump winning the upcoming U.S. presidential election.According to the Polymarket prediction platform, Trump's chances have risen to 56.3%. If Trump wins, the probability of the Republican Party simultaneously controlling the Senate and the House of Representatives is 70%, which could create favorable conditions for risk assets, including Bitcoin.

ChainCatcher message, Bitcoin has outperformed stocks and gold this month, as more signs indicate that the regulatory outlook for the cryptocurrency industry in the U.S. will improve after the upcoming presidential election. Bitcoin rose 4% in October, surpassing global stock indices and gold so far this month.Noelle Acheson, author of the "Crypto Is Macro Now" newsletter, stated: "This rise is primarily driven by the U.S. presidential election, initially fueled by Trump's lead in prediction markets and polls, and later by the Harris campaign's somewhat supportive statements regarding the crypto market. I haven't seen the details of Harris's cryptocurrency policy yet, but it sounds less negative than the Biden administration's."