ChainCatcher news, Upbit announced that its emergency server maintenance has been completed and trading has gradually resumed.Previously, Upbit stated that all trading pair order functions were suspended due to trading execution issues.

ChainCatcher news, ECB board member Stournaras stated that the pace of interest rate cuts should be gradual, and the European Central Bank should not rule out the possibility of significant rate cuts. (Jin Ten)

ChainCatcher news, on-chain analytics company Glassnode disclosed data showing that although the significant price increases during Bitcoin bull markets are usually accompanied by extreme selling pressure, the severity of market pullbacks during each bull market has gradually diminished as the market size expands.The deepest pullback of this cycle occurred on August 5, 2024, with a decline of 32%. During most pullbacks, the Bitcoin price only fell 25% below local highs, indicating that the volatility of this cycle is among the lowest to date.This may reflect that the launch of spot ETFs has opened a huge demand window, while institutional investor interest continues to grow. The vast majority of short-term holders' supply (in terms of coin count) is operating "underwater" compared to their cost basis, but they have not endured extreme unrealized losses associated with market deterioration.

ChainCatcher message, Glassnode stated, "As the crypto market grows, the pullback of Bitcoin in the bullish trend is gradually decreasing. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were around a 25% drop from previous highs, reflecting the increased demand for spot ETFs and rising institutional interest."

ChainCatcher message, Lido posted on social media to remind stMATIC holders of important dates to keep in mind:Staking on Lido on Polygon will stop on December 16;From December 16 to June 16, 2025, there will be a transition period during which withdrawals can be processed through the Lido on Polygon UI;From January 15 to January 22, 2025, the protocol will be paused and will resume operation afterward, during which no withdrawals can be processed;On June 16, 2025, front-end support will end, and withdrawals can only be made through browser tools.The Lido community had previously released a discussion proposal in October to initiate a sunset process for the staking protocol Lido on Polygon, similar to that on Polkadot and Kusama.

ChainCatcher news, ECB board member Kazimir said on Monday that the European Central Bank should continue to gradually lower interest rates slightly, resisting the temptation to support economic growth in the Eurozone, which has structural flaws. The ECB lowered rates by 25 basis points to 3% last week, but some policymakers advocate for a larger cut, provided that economic growth is particularly weak and inflation may even fall below the ECB's 2% target in the medium term. The hawkish Kazimir stated in a blog post that maintaining a gradual approach by lowering rates by 25 basis points remains the most prudent strategy. (Jin Shi)

ChainCatcher news, according to Cointelegraph, after U.S. Senator Lummis proposed the U.S. government to acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may pull back.As for the current market conditions, Ben Simpson believes that Bitcoin's dominance (a measure of Bitcoin's share in the total value of the cryptocurrency market) will "start to decline," and as Bitcoin begins to consolidate around $100,000 and altcoins start to "rise," the trend of the market "rotating" to altcoins has actually begun, but it should not directly enter the so-called altcoin season.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, a certain whale that FOMOed in at the peak of ai16z has finally exited its position after nearly two days of being unblocked.This whale address had invested $1.023 million to buy ai16z at an average price of $0.2044, at one point facing a paper loss of $535,000. After holding the position for 16 days, it finally reached a historical price high, and the address has gradually liquidated all tokens over the past two days at an average price of $0.58698, ultimately making a profit of $1.9 million.

ChainCatcher news, according to TechinAsia, Binance plans to gradually increase its USDC holdings in its corporate treasury.

ChainCatcher news, the personalized crypto index token sale Launchpad project Astra DAO based on Arbitrum has announced its acquisition by the Token Metrics Foundation, with the specific acquisition amount not disclosed. It is reported that the platform plans to gradually cease operations and functionalities.Astra DAO stated that all funds are safe and will be airdropped back to user wallets. In addition to refunding all user funds, ASTRADAO holders are entitled to receive T MAI airdrops, which reportedly account for 5% of the TMAI supply. ASTRADAO will continue to exist as a Meme coin operated by the community.Astra DAO is an automated crypto asset allocation protocol based on Ethereum, providing convenient and practical access to investment strategies aimed at cryptocurrencies. This innovative model creates a win-win incentive for profit-seeking index investors, creators, and token holders.

ChainCatcher news, according to DL News, the possibility of Trump creating a national Bitcoin reserve is a major factor driving the cryptocurrency market to new heights. Currently, the momentum for a strategic Bitcoin reserve in the U.S. is penetrating to the state level, such as:Florida is taking steps to establish a strategic Bitcoin reserve as early as the first quarter of 2025;Pennsylvania is also drafting its own Bitcoin strategic reserve bill, which is expected to invest 10% of the state's general fund in Bitcoin when it is introduced in November;The goal of Florida and Pennsylvania is to directly purchase Bitcoin, while other states like Michigan and Wisconsin have chosen a more conservative route, investing in Bitcoin-related ETFs and trust funds:SEC filings show that as of September, Michigan holds $11 million in ARK 21Shares Bitcoin ETF;The Wisconsin Investment Board holds over $220 million in Grayscale and BlackRock Bitcoin ETF shares.

ChainCatcher news, according to Caixin, Federal Reserve Governor Bowman stated that inflation is the top priority in decision-making. There is a tendency to cautiously and gradually lower interest rates, as a rapid reduction in the policy rate could reignite inflation. The inflation rate is still above the Federal Reserve's 2% target, and the risks of inflation rising remain prominent.

ChainCatcher message, according to cosine detection, the EVM (ETH/BSC/BASE) address of the DEXX hacker has started to show unusual activity, with a significant amount of funds (including many MEME) continuously being aggregated into 0xffb9926310b291e17d7df846cded66cda2c68228 since around 7 AM.

ChainCatcher news, according to the Korea Economic Daily, the Financial Services Commission of South Korea plans to release a roadmap for opening corporate cryptocurrency trading accounts by the end of December. The first phase will allow non-profit entities such as central government departments, local governments, public institutions, and universities to open real-name accounts. The second phase will allow related businesses such as cryptocurrency exchanges to open won accounts, while the opening of accounts for general enterprises and financial institutions will be included in a medium- to long-term plan.Cryptocurrency donations previously accepted by institutions such as Seoul National University could not be redeemed due to the inability to open trading accounts. It is reported that the approximately 1 billion won worth of WEMIX tokens held by Seoul National University will be convertible into cash for school finances under the new policy. Financial authorities stated that this move aims to address the issue of holding cryptocurrencies due to non-voluntary factors such as confiscation or donation, while also promoting the upgrade of related industries.

ChainCatcher news, Nike's crypto fashion brand RTFKT has announced that it will cease operations, and its Web3 services will gradually stop before the end of January 2025. RTFKT will launch an updated website showcasing the groundbreaking works that define the RTFKT journey.During this transition period, RTFKT will release MNLTH X this December, utilizing BLADE DRoP, and claims this is a symbol of its commitment to continue pushing boundaries and merging worlds.

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."