ChainCatcher message: According to a recent report from Glassnode, the ongoing bull market for Bitcoin marks a significant shift of wealth from long-term holders to new investors, and the redistribution of wealth is a sign of the maturity of the Bitcoin market. Long-term holders have been realizing record profits, peaking at $2.1 billion per day, while new investors have sufficient demand to absorb this supply.According to the report, this trend indicates that the depth and diversity of the Bitcoin ecosystem are continuously expanding, thanks to increased institutional participation and heightened retail interest.In 2024, long-term Bitcoin holders (especially those holding for 6 to 12 months) have become the main contributors to selling pressure. These tokens were primarily acquired earlier this year, accounting for 38.5% of the profits realized since November, totaling $27.3 billion.Meanwhile, Bitcoin held for over three years is relatively stagnant, indicating that higher price levels may be needed to stimulate its sale.The report notes that this is a natural cycle in the Bitcoin market. As prices rise, long-term holders distribute their wealth, allowing new investors to absorb the supply.Despite significant profit-taking by long-term holders, new investors have shown resilience, providing the liquidity needed to maintain Bitcoin's upward momentum. Metrics related to short-term holders (STH) highlight their ability to withstand market adjustments without triggering a chain sell-off.Additionally, compared to previous bull markets, the volatility of the current Bitcoin cycle has also decreased. The maximum drop in August was 32%, significantly lower than the adjustment levels of previous cycles. Analysts attribute this stability to increased institutional participation, while the launch of spot Bitcoin ETFs and the widespread acceptance of digital assets have driven this trend. Besides the buying pressure from new retail investors, this institutional demand has also greatly supported the market, ensuring liquidity during sell-offs and supporting price resilience.

ChainCatcher news, according to Forbes, economists and financial market professionals indicate that the Federal Reserve is likely to announce a 25 basis point rate cut in the early hours of the 19th, but perhaps more noteworthy is what signal the Fed will send regarding its monetary policy goals for 2025.Currently, economists from the three major investment banks—Bank of America, Goldman Sachs, and JPMorgan Chase—predict that the Fed will lower the interest rate from the current range of 4.5%-4.75% by 25 basis points to 4.25%-4.5%. This would bring the rate down to its lowest level since February 2023, a full percentage point lower than the 5.25%-5.5% range from July to September 2023.However, despite the market reaching a clear consensus on this, the Fed will also release its quarterly economic forecasts. This includes each central bank president's expectations for interest rates in 2025. Economists from Bank of America, Goldman Sachs, and JPMorgan Chase expect the median forecast to be revised from the previous prediction of four rate cuts of 25 basis points next year to three, with an expected target range of 3.5%-3.75% by the end of 2025. Regardless, it is clear that Americans will need to adapt to higher interest rates for an extended period, as rates are likely to remain above 3% for a long time, a threshold that was never reached from 2009 to 2021.

ChainCatcher news, CreatorBid on the Al Launchpad on Base stated that the public sale originally scheduled for December 9 at Fjord Foundry was thwarted by a DDoS attack and system attacks such as evading maximum purchase limits on the eve of the sale, resulting in the sale's failure. CreatorBid will fully refund the funds received during the sale to legitimate participants. CreatorBid stated that it will work with KYC provider Fractal to conduct AML/KYC reviews of participants' wallets to ensure that funds are not returned to malicious actors. The current team is evaluating the next steps for the newly launched token.In response, crypto detective ZachXBT commented: "I hope you know that Fractal leaked the KYC of thousands of people earlier this year; if you call it trustworthy, then your team seems to have done no basic due diligence."

ChainCatcher news, in Forbes' 2025 "30 Under 30" list, 9 out of the 30 spots in the finance category are occupied by founders of cryptocurrency companies.The founders of cryptocurrency companies (including 10 men and 4 women) occupy 9 out of the 30 spots in the finance category of the annual list published by Forbes on December 4 (some rankings are tied). One of the new members on the 2025 finance list is 26-year-old Shayne Coplan, founder of Polymarket, whose decentralized betting platform has made waves in the market this year.

ChainCatcher message, Bitfinex analysts indicate that the upward momentum of Bitcoin depends on how to balance the demand from short-term holders (STH) and the supply from long-term holders (LTH).Analysts state that the supply from STH has approached 3.28 million Bitcoins, a level historically associated with the peak regions of bull markets. This suggests that retail interest is rising. However, the increase in profit-taking by long-term holders puts pressure on Bitcoin's upward momentum, potentially hindering further price increases. Over the past two weeks, the supply entering the Bitcoin market from the LTH group has remained stable, and the lack of spot demand to absorb this supply may lead to further price declines.In simple terms, Bitfinex analysts believe that only if the buying power of short-term holders further absorbs the selling pressure from long-term holders can the price continue to rise.

ChainCatcher message, according to the official announcement, Binance Futures will automatically liquidate the XEMUSDT, ORBSUSDT, and LOOMUSDT U-margined perpetual contracts on December 9, 2024, at 17:00 (UTC+8), and will delist the aforementioned U-margined perpetual contract trading pairs after the liquidation is completed. Users are advised to close their positions manually before trading stops to avoid automatic liquidation.

ChainCatcher news, Orbiter Finance today launched the "Small Coin Collector Tool," providing users with a convenient and efficient service for collecting ultra-small funds (below 3U).The Small Coin Collector Tool can quickly identify the balances of user addresses across more than 30 networks and recover them to any mainstream network with one click, achieving collection in as fast as 3 seconds, solving the problems of high cross-chain gas fees and the long-term accumulation of ultra-small funds.It is reported that Orbiter Finance is a cross-chain protocol based on ZK technology, aimed at providing users with fast, secure, and instant cross-chain solutions. Currently, it has accumulated a trading volume of over 25 billion USD and has a user community size of over 4.2 million.

ChainCatcher news, according to Bloomberg, the co-founder of crypto derivatives liquidity provider Orbit Markets, Caroline Mauron, stated: "The significant psychological barrier of $100,000 is just around the corner." She added that the bets in the Bitcoin options market indicate "the market expects prices to rise rapidly."The current optimism has dulled the memory of the market crash in 2022, which exposed fraud and other risky behaviors in the crypto space, leading to the collapse of platforms including Sam Bankman-Fried's FTX exchange, with him also ending up in prison.This turmoil triggered a series of tough enforcement actions by the U.S. Securities and Exchange Commission (SEC), while the industry expects this crackdown to gradually fade under Trump's administration.

ChainCatcher news, according to the official announcement, Bithumb will stop supporting ORB trading.Timeline:Trading (buy/sell) termination date: scheduled for Thursday, December 19, 2024, at 15:00 (local time)Support termination date: scheduled for Friday, January 17, 2025, at 15:00 (local time)

ChainCatcher news, according to Forbes, when the election results clearly indicated that Trump would return to the White House, the crypto market began to rise as expected, reflecting optimism about the potential relief the Trump administration might bring to the industry. It is undeniable that Trump will be more supportive of the crypto industry than the current president, Biden. However, there remains uncertainty regarding his level of involvement in promoting industry development and whether relevant legislation can be passed amid a busy legislative agenda.All candidates for positions such as leaders of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Treasury may share favorable views towards the industry like Trump, but it is unclear how much of a priority this issue will be seen. The Trump administration may prioritize deregulation for most industries. However, the crypto industry may be the only sector that runs counter to this trend, as industry members are eager for regulatory clarity. The priority these regulatory agencies place on the crypto industry will determine the duration of this process, but progress in reducing some of the current lawsuits from the SEC may be quicker. However, it is more likely that these agencies will at least provide some form of favorable regulatory guidance, even if not a specific rule.

ChainCatcher news, South Korean cryptocurrency exchange Bithumb announced that ORB and TEMCO have been designated as investment caution projects by the Korea Digital Asset Exchange Association (DAXA). Currently, Bithumb has suspended ORB and TEMCO deposits and will release a notice regarding the designated extension, lifting / termination of trading support in the third week of November.

ChainCatcher news, recently, Forbes China announced the 2024 list of the Top 100 Most Influential Chinese People in the World, and Shawn SHI, co-founder of Oak Grove Ventures, has once again made the list, marking his second consecutive year receiving this honor. This accolade highlights Shi Xiang's outstanding strength in the global technology innovation and investment field.In the business sector, Shawn SHI and his team at Oak Grove Ventures have achieved significant results in cutting-edge technology areas such as Web 3.0, artificial intelligence, and biotechnology, thanks to their unique investment philosophy and precise project selection. They not only have a wide-ranging influence globally but have also made positive contributions to promoting technological advancement and social development.Regarding being selected for the Forbes Global Top 100 Most Influential Chinese People for two consecutive years, Shawn SHI stated: "This is a great recognition of my personal efforts and those of the Oak Grove Ventures team. We will continue to uphold the principles of innovation and pragmatism, seeking and supporting those potential entrepreneurs to jointly promote technological progress and social development."

ChainCatcher news, according to monitoring by ai_9684xtpa, DWF Labs has traded ORBS again after nine months. Three hours ago, DWF transferred 150 million ORBS to a new address 0x067, worth 3.43 million USD, and the tokens have not yet been transferred or sold.This portion of tokens was received from the Orbs treasury on October 30, 2023, when it was valued at 6.57 million USD, and the asset has depreciated by nearly 47.8% after one year.

ChainCatcher news, the Shaanxi High Court has released typical cases of cracking down on illegal fundraising crimes, which pointed out that the defendants Shi and Zhu set up an office in Xi'an, using a self-built BRTR platform to issue and trade USDT, QC, and BRTR currencies. They boasted about their company's strength to the public, fabricated a bright prospect for investing in virtual currencies, and used guaranteed principal with high interest and the enjoyment of luxury car usage rights as bait to attract public investment. According to the audit, as of the occurrence of the case, a total of 114 fundraising participants reported the case, with a total fundraising amount of over 6.34 million yuan, of which over 5.16 million yuan has been returned.The court held that the defendants, by issuing and trading virtual currencies, disguised their actions as public fundraising, disrupting the financial order. Their actions constituted the crime of illegally absorbing public deposits, and they were sentenced to four years in prison and fined.

ChainCatcher news, according to Forbes, recent research shows that major financial institutions, including the Federal Reserve Bank of Minneapolis, the European Central Bank (ECB), and the International Monetary Fund (IMF), are intensifying their research on Bitcoin. These institutions are generally concerned about the potential impact of Bitcoin on traditional monetary policy.The latest research released by the ECB when Bitcoin's price approached $70,000 indicates that the rise in Bitcoin's price could lead to a wealth redistribution effect, benefiting early holders while reducing the purchasing power of other social groups. The Minneapolis Fed warns that the existence of Bitcoin may affect the government's ability to sustain budget deficits.The IMF's policy document in 2023 specifically emphasizes that crypto assets could undermine the effectiveness of monetary policy in emerging markets. The IMF suggests that while countries should strengthen regulation, they should focus on enhancing the credibility of their monetary policy frameworks rather than implementing a comprehensive ban. These studies indicate that central banks are reassessing the challenges posed by Bitcoin to the traditional financial system.

ChainCatcher message, World Network announced that its Orb open-source code has been updated. The team developing the Orb software has pushed several updates to the Orb core, including: support for new Orbs, optimization of privacy and user control, and support for a self-service mode. The Orb has a custom over-the-air (OTA) update system, which is now open source.