ChainCatcher news, Bank of America stated that as the cryptocurrency rebound progresses, the momentum of Meme coins may gradually weaken.

ChainCatcher message, Federal Reserve Chairman Powell stated that interest rates are expected to decline further, but he hinted that rates may not decrease as much in the coming months. Powell mentioned that the Federal Reserve may implement more rate cuts, as economic trends and dynamics are expected to remain unchanged at least in the short term. This includes a slowdown in the job market and cooling inflation, while interest rates remain at restrictive levels; maintaining rates at the current high levels could push up unemployment. Powell stated, "Over time, we will shift policy to a more neutral level."

ChainCatcher message, Deutsche Bank stated in a report that the Bank of England released cautious signals regarding future interest rate cuts on Thursday, indicating a positive outlook for the pound in the coming months. Analyst Michael Pfizer said that the Bank of England is unlikely to cut rates in December, as it has raised its inflation expectations for 2025-26 and economic growth expectations for 2025.The Bank of England has "clearly" taken into account the UK's recent budget, which may be more expansionary in the short term than previously expected. "This suggests that the Bank of England will continue to cut rates at a much slower pace than the European Central Bank, while the growth rate of the UK economy may be much faster than that of the Eurozone."

ChainCatcher news, ANNEX Wealth Management Chief Economist Brian Jacobsen stated that the Federal Reserve has not added any drama for this week. A 25 basis point rate cut still keeps the federal funds rate in a restrictive range, but it is no longer as tight as before.Although the Federal Reserve indicated that the risks to its employment and inflation targets are roughly balanced, they might want to italicize "roughly." Because the election is influential, we can see that economic growth has slightly improved relative to the Fed's forecasts, but inflation has also slightly risen relative to their forecasts, which calls for a more gradual pace of rate cuts. They do not need to retract their rate cut plans, but they also do not need to accelerate the pace of rate cuts.

ChainCatcher news, Greeks.live macro researcher Adam posted that as Trump won the U.S. election, the year's biggest uncertainty event has come to an end, and BTC also reached a historical high today during the most intense moments of the election.Starting this afternoon, the IV of major expiration options began to decline, especially the IV of the end-of-month options, which has dropped from 100% to around 60%, as the market is gradually pricing in Trump's election.

ChainCatcher news, as the voting results from various states in the U.S. election are gradually announced, traders are reducing their bets on the Federal Reserve cutting interest rates next year.In addition, traders continue to expect the Federal Reserve to cut interest rates in November and December.

ChainCatcher news, according to X user @woodycryptow, the community manager of the Web3 automation tool NFTSniper announced that the website will be gradually shut down.The specific arrangements are as follows:Service fees will be reduced to 0;The Meme feature will be removed on January 1, 2025;Non-meme features will be removed and the website will be shut down on January 7, 2025;New feature development will continue until December 31, and real-time issue response will be maintained until the website closes.

ChainCatcher news, the developer of the encrypted wallet MetaMask, Consensys, announced a sustainable development roadmap. Consensys has currently built infrastructure products and services such as MetaMask, Infura, Truffle, Diligence, Besu, Teku, GNARK, DIN, and Linea, and will continue to support the vision and mission of Ethereum projects, further promoting the gradual realization of strict decentralization, with relevant plans to be announced in a few weeks. Consensys is currently in a transformation period, gradually decentralizing and shifting its focus towards converting products into protocols, evolving from a company into a Network State over time.In previous news, Consensys announced a 20% layoff, affecting about 160 employees, due to legal expenses related to macroeconomic conditions and the company's long-standing struggles with regulators. The company will provide relevant compensation for the laid-off employees, including: severance pay, extended stock option exercise windows, re-employment support, and expanded healthcare services.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, an address 3jgub...MsroL that traded 755 types of Meme coins in a month, incurred a loss of $590,000, with a win rate of only 8.61%. Early this morning, it spent 37.62 SOL ($6,569) on pump.fun to buy 22.51 million LUCE at a cost of only $0.0002919; it has already liquidated in batches over the past 10 hours, with a total profit of $293,000 and a return rate of 4459%.

ChainCatcher news, crypto analyst Willy Woo stated that the current altcoin cycle is significantly different from previous ones, marking the third large-scale loss for retail investors since 2017. The DeFi and NFT waves of 2020-2021, along with the current meme coin craze, have continuously harmed retail investors.Woo believes that retail investors may have realized the high-risk nature of the altcoin market. Although altcoins may still rebound after each Bitcoin rise, overall, the intensity of the altcoin cycle is gradually weakening, and the altcoin market resembles a casino where the house will eventually win.

ChainCatcher message, Fed's Logan stated that if the economy meets expectations, a gradual rate cut is anticipated. (Jin Ten)

ChainCatcher news, Zhou Lele, Deputy COO of Victory Securities, published an analysis stating that the virtual asset market continues to show slight fluctuations following last week's trend. Major assets like Bitcoin and Ethereum are experiencing swings and entanglements, but high-odds Altcoins are recovering and moving out of the downtrend channel.Last week, approximately $3.08 billion flowed into Bitcoin ETFs, while Ethereum ETFs saw inflows of about $5 million; the weak balance in the market has been broken, with short-term holders gradually increasing their positions, potentially signaling the start of a recovery phase. The shadow stock of virtual assets, MicroStrategy, reached a new high, and the trading volume of its double long ETF is also gradually expanding.Investment in MEME coins is heating up in the market, with an increase in risk appetite. However, compared to the assets themselves, there is a stronger willingness to trade high-odds derivative products. Virtual assets may need to wait for the wealth effect from the global stock market to spill over, increasing market share.

ChainCatcher message, according to Santiment on X, as Bitcoin surged earlier this week and briefly jumped above $66,000, traders are looking for opportunities in the GameFi and Memecoin sectors. The discussion rates among these altcoin segments indicate a sustained rise in interest levels. Historically, this suggests that the crowd's sentiment towards the market is gradually becoming optimistic. Considering the market has risen for 5 consecutive weeks, a slight FOMO is expected to persist, leading to more speculative assets sparking increasing discussions until a pullback injects fear into the crowd's narrative again.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Logan stated that the economic outlook still has "significant uncertainty," supporting the decision for the Federal Reserve to lower interest rates in September. There are notable risks that inflation may remain significantly above 2%, leaning towards a "more gradual path" back to normal interest rate levels.

ChainCatcher news, Federal Reserve Chairman Powell stated that the rate cut process will be carried out "gradually over a period of time," without the need for urgent action. (Jin Ten)

ChainCatcher news, the open-source hardware wallet OneKey announced that it will gradually discontinue the current OneKey Card service.The specific discontinuation schedule is as follows:Phase One (September 30, 2024): Users can continue to spend and withdraw normally, while the registration and recharge functions will be discontinued.Phase Two (October 31, 2024): All cards will be automatically deleted by the system, and the balance of the cards will be transferred to the OneKey Card wallet account, which can be withdrawn to an exchange account or Web3 address at any time.Phase Three (January 31, 2025): The OneKey Card service will be stopped.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on the X platform stating that the market is gradually dividing into three main categories: regulated tokens (I suspect that the BRICS countries and the US laws will be implemented first, followed by other countries), ordinary utility tokens and some stablecoins, and community-driven tokens.It is best to prepare in advance and seize the opportunities brought by these changes as much as possible; change means opportunity.

ChainCatcher news, Hong Kong Financial Secretary Paul Chan published a blog post, in which he pointed out that the Federal Reserve cut interest rates by 50 basis points last week, marking the first rate cut in over four years. Coupled with the recent rate cuts by several major central banks globally, this has strengthened the financial market's expectation of a gradual decline in global interest rates.The loose financial environment is also favorable for the asset market atmosphere and the business operating environment. Although under the linked exchange rate system, it can be expected that the future interest rate trend in Hong Kong will generally follow that of the U.S., the speed and extent of the cuts will depend on local capital flows and market conditions.In the context of a gradually improving overall environment, there is a greater need to further promote the Hong Kong market. As the appetite for investment risk gradually rises and investors chase higher returns, it is essential to explore broader and more diversified sources of funding for the Hong Kong market.Following the listing of the first ETF tracking Saudi Arabian stocks in the Asia-Pacific region at the end of last year, the Saudi Capital Market Authority recently announced the approval of the first ETF investing in Hong Kong stocks, which will be listed on the Saudi Stock Exchange, allowing local and Middle Eastern funds to invest more conveniently in stocks listed in Hong Kong. Hong Kong will continue to strengthen its promotion in various traditional and emerging markets and foster more cooperation. It is believed that as interest rates decline, it will better leverage funds from different markets to inject new momentum into Hong Kong's capital market.

ChainCatcher message, cryptocurrency trading platform BingX announced that due to temporary maintenance of the wallet system, the deposit and withdrawal processing times may be delayed during the maintenance period. Services are expected to gradually resume within 24 hours.Earlier today, according to on-chain data, the large abnormal outflows from the cryptocurrency trading platform BingX are still ongoing, with hackers dumping various altcoin assets on-chain and transferring some assets to other addresses.

ChainCatcher news, BingX announced: The wallet system is undergoing temporary maintenance, and the deposit and withdrawal functions are expected to gradually resume within 24 hours.Previous news, BingX is suspected of being hacked and is selling various tokens on a large scale.