ChainCatcher news, according to Cointelegraph, Musk recently criticized the U.S. government for using outdated computers and software, which has led the tax agency (IRS) to be unable to conduct basic audits, and even "struggling to track where tax money goes." He stated his intention to serve as a volunteer IT advisor in the upcoming administration. Some analysts pointed out that blockchain technology could be one of the solutions to this problem.

ChainCatcher message, according to SoSoValue data, the encrypted market sector has risen broadly, with the AI concept leading the way. The AI sector and its sub-sector AI Agent have increased by 15.43% and 19.34%, respectively. Notably, within the AI Agents sector, Numogram (GNON) has risen by 51.73%, Fartcoin (FARTCOIN) by 46.49%, ai16z (AI16Z) by 39.38%, zerebro (ZEREBRO) by 37.04%, and Eliza (ELIZA) by 32.59%.Within the AI sector, Worldcoin (WLD) has risen by 24.78%, Render (RNDR) by 23.77%, and Virtuals Protocol (VIRTUAL) by 23.75%.Other sectors with significant increases include: the DePIN sector, which rose by 7.74%, with Livepeer (LPT) increasing by 26.8%, Ankr Network (ANKR) by 16.42%, and Grass (GRASS) by 13%. The Layer 2 sector rose by 4.72%, the DeFi sector by 4.33%, the Meme sector by 4.28%, the GameFi sector by 4.20%, and the Layer 1 sector by 3.43%.

ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims increased last week. The number of initial jobless claims in the U.S. for the week ending November 30 was recorded at 224,000, compared to 215,000 the previous week. Economists surveyed by the Wall Street Journal had previously expected the number of initial jobless claims for the most recent week to be 215,000. Meanwhile, the number of people continuing to receive unemployment benefits fell to 1.87 million, down from 1.90 million the previous week. The data indicates that while initial jobless claims have risen, they remain relatively stable. The November employment report will be released on Friday. Analysts expect that after the October employment data was affected by hurricanes and the Boeing strike, the November employment report will show a significant recovery in employment.After the U.S. initial jobless claims data suggested a potential softening in the labor market, U.S. Treasury yields lost some momentum, and the dollar weakened, which strengthened the case for a Federal Reserve rate cut. Last week's initial jobless claims were 224,000, higher than the expected 215,000. The non-farm payroll numbers for November, expected to be released tomorrow, are projected to jump from 120,000 in October to 214,000. The trade deficit for October narrowed to $73.8 billion, in line with expectations. The 10-year U.S. Treasury yield stood at 4.208%, while the 2-year yield was at 4.161%, both higher than yesterday.

ChainCatcher message, according to SoSoValue data, the crypto market sector has generally risen, with the PayFi sector leading the way, showing a 24h increase of 22.26%. Notably, within the sector, Dash (DASH) increased by 37.94%, XRP (XRP) by 26.64%, and Litecoin (LTC) by 22.74%.Additionally, other standout sectors include: the Meme sector, which rose by 6.56%, with the top 3 tokens by market cap within the sector, Dogecoin (DOGE), Shiba Inu (SHIBA), and Pepe (PEPE), increasing by 7.02%, 9.09%, and 7.4% respectively; the NFT sector, which rose by 5.87%, with Blur (BLUR) increasing by 12.85%. The DePIN sector rose by 5.42%, with IOTA (IOTA) up by 35%, Helium (HNT) up by 12%, and Filecoin (FIL) up by 8.22%.At the same time, the AI sector, which had a strong increase last week, has seen a pullback, with a 24h decrease of -1.82%, and within the sector, Virtuals Protocol (VIRTUAL) fell by 18.11%.

ChainCatcher news, according to Jinshi reports, Societe Generale predicts that by the end of 2025, the 10-year U.S. Treasury yield will rise to 4.5%, while the 2-year U.S. Treasury yield will fall to 3.5%.The reason is that the Federal Reserve's continued interest rate cuts will lower short-term rates, but will also stimulate the economy and increase the fiscal deficit, leading to increased demand for long-term government bonds, which will cause long-term yields to rise.In addition, Trump's tariff plan may raise inflation expectations, and the U.S. government is expected to increase the issuance of government bonds to address the fiscal deficit, both of which will push up yields.

ChainCatcher message, CoinMarketCap shows that MANTA is currently priced at $1.13, up 9.69% in the last 24 hours and up 50% in the last 7 days, leading the L2 sector.

ChainCatcher message, according to SoSoValue data, the overall cryptocurrency market has risen, with the Ethereum ecosystem performing remarkably well. ETH has increased by 7.01% in 24 hours, outperforming BTC's 24-hour increase of 2.63%, and Solana has risen by 3.05%. Notably, the LRTFi sector has seen a 24-hour increase of 7.5%. Within this sector, Eigenlayer (EIGEN) rose by 12.29%, Ether.fi (ETHFI) increased by 12.18%, Renzo (REZ) went up by 9.77%, BounceBit (BB) gained 8.26%, and Pendle (PENDLE) rose by 6.42%.Additionally, other significantly recovering sectors include: the PayFi sector, which increased by 6.79%, the DeFi sector, which rose by 6.12%, and the AI sector, which saw an increase of 5.44%.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan posted on the X platform that Bitcoin has now attracted "value" buyers. One of the reasons for Bitcoin's past severe pullbacks was that every time BTC started to pull back, people began to worry that it would go to zero.Now that concern is gone, and more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it is indeed believed that the severity of pullbacks has currently decreased.

ChainCatcher news, DeFi derivatives protocol Cega announced that it has been acquired by a "leading platform," with the name of the acquirer and the acquisition amount undisclosed.The company stated that it will discontinue its product suite by the end of the year, Cega's platform will no longer accept deposits, and the protocol urges users to start withdrawing, as the protocol's products will cease operations by the end of this year. Cega stated on the X platform: "Cega's original vision was to create the next evolution of DeFi derivatives.Today, we are excited to announce that we have been acquired by a leading platform and will continue to drive this vision forward. Our team is very proud to have been the first to introduce exotic options to DeFi, processing 500 million transactions and securely safeguarding user funds over the past three years."

ChainCatcher news, according to informed sources, the transition team of President-elect Trump has interviewed veteran financial regulator and behind-the-scenes figure in the conservative financial sector, Paul Atkins, as a candidate for the chairman of the U.S. Securities and Exchange Commission (SEC).Informed sources say that Atkins is the leading contender to succeed the outgoing Gensler. They stated that Trump is expected to make a choice in the coming days, and no decision has been made yet. Atkins served as an SEC commissioner during the George W. Bush administration, and later founded Patomak Global Partners, a consulting firm for major financial industry clients. He is a strong supporter of digital assets and financial technology companies. He has also testified before Congress on how to restructure the agency's operations and reduce what some industry insiders consider redundant or overly burdensome regulatory requirements.

ChainCatcher news, according to SoSoValue data, the encrypted market sector continues to show a general upward trend, with the PayFi sector leading the way, achieving a 24H increase of 21%; notable performers include Ripple (XRP) with an increase of 25.75% and Stellar (XLM) with an increase of 19.59%. Additionally, the ssiPayFi index, which represents the historical performance of the PayFi sector, currently has a price of $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, ranking first among the increase lists of other sector indices.SoSoValue analysts indicate that, influenced by the news that SEC Chairman Gary Gensler is expected to resign on January 20, 2025, PayFi is anticipated to strengthen and maintain an upward trend in the long term.Moreover, it is worth noting that the Layer 2 sector has increased by 11.68%, the Defi sector by 7.29%, and the Layer 1 sector by 7.2%.

ChainCatcher news, according to Bloomberg, U.S. federal prosecutors stated that FTX co-founder Gary Wang provided "outstanding" assistance to federal prosecutors in the SBF case, having created "tools" to help the U.S. government uncover other fraudulent activities and advocating for leniency for Wang.In a sentencing report submitted on Wednesday, federal prosecutors wrote: "Wang also provided substantial assistance and took steps to correct past mistakes in the process, utilizing his extraordinary computer programming skills to detect potential fraud in the stock and cryptocurrency markets." Details of Wang's code were heavily redacted in government documents.The U.S. government stated that, unlike his co-conspirators, Wang did not deceive customers, lenders, or investors, nor did he misappropriate customer funds. While prosecutors did not recommend a specific sentence, the submitted memorandum requested the court to consider Wang's outstanding cooperation.