ChainCatcher news, according to Fox News, on November 13 local time, U.S. House Speaker Mike Johnson, a Republican, was nominated by the Republican Party to continue serving as Speaker of the House in a vote that day. He will face a full House vote in January next year.

ChainCatcher news, according to Google Trends data, the search interest for Bitcoin reached a peak of 100 today. This shows that people's interest in searching for Bitcoin is continuously increasing, and retail investors are refocusing on the cryptocurrency market.

ChainCatcher news, according to Cointelegraph, a recent survey released by the Web3 investment firm MV Global shows that nearly half of investors expect the cryptocurrency bull market to last until 2025, peaking in the second half of the year. The survey covered 77 large cryptocurrency investment institutions, including venture capital firms, hedge funds, and high-net-worth individuals.The results indicate that investors expect Bitcoin (BTC) to peak between $100,000 and $150,000. For Ethereum (ETH), one-third of respondents expect its price to be between $3,000 and $5,000, while another third is bullish up to $7,000. Notably, 30% of respondents expect Solana (SOL) to break $600 before the end of this cycle.

ChainCatcher message, Lookonchain posted on platform X that, based on indicators such as the rainbow chart, Relative Strength Index (RSI), 200-week moving average heatmap, cumulative value of destroyed coin days (CVDD), and the 2-year MA multiplier, although Bitcoin has reached an all-time high, it has not yet reached the peak level of a bull market.

ChainCatcher news, according to calculations by several American media outlets including the Associated Press, NBC News, and Fox News, in the 2024 U.S. presidential election, Republican presidential candidate and former President Trump has currently secured 277 electoral votes, surpassing the 270 electoral votes needed to win, effectively locking in victory. Meanwhile, Harris has a total of 224 votes. Harris's team has not commented on the current results, but the campaign team stated that Harris is expected to address supporters later on the 6th.

ChainCatcher News, U.S. House Speaker Johnson stated that Trump is now our "elected president."

ChainCatcher News: U.S. Vice President Harris will deliver a speech at a campaign event in Wisconsin at 14:40 local time (03:40 Beijing time the next day).

ChainCatcher news, Starknet announced a new record for transaction speed in the Ethereum Layer-2 network, with a maximum transaction rate (TPS) of 127.5 within 24 hours, and a peak reaching 857 TPS, far exceeding the previous record of 79.92 TPS set by Coinbase's Layer 2 Base.This test was jointly conducted by StarkWare, game development company Cartridge, and the Starknet Foundation, simulating large-scale user scenarios. The test game was "flippyflop," where players compete against robots, flipping tiles on a grid to generate a large number of high-frequency simple transactions, validating Starknet's scalability and TPS limits.

ChainCatcher message, crypto analyst Al posted on the X platform: "During the last bull market cycle, the peak price of Bitcoin occurred between the 1.618 and 2.272 Fibonacci retracement levels. Following a similar pattern, the next Bitcoin peak could fall between $174,000 and $462,000."

ChainCatcher news, according to market news, U.S. Vice President Harris will deliver a speech at a campaign event in North Carolina at 12:30 PM Eastern Time (00:30 AM Beijing Time the next day).

ChainCatcher message, according to Dune Analytics data, as of this month, Farcaster's cumulative revenue is approximately $15,825, significantly lower than February's $415,900. Its revenue last month was $32,840.According to previous reports, Farcaster completed a $150 million Series A funding round, with participation from Paradigm, a16z crypto, Haun Ventures, and others, with a valuation of $1 billion for this round. Farcaster co-founder Dan Romero stated at the time that this funding would be used to support the service for "many years to come" and would expand the daily active user base throughout the remainder of 2024. (The Block)

ChainCatcher news, according to techinasia, the crypto trading platform Variational has completed a $10.3 million seed round financing, led jointly by Bain Capital Crypto and Peak XV Partners, with participation from Coinbase Ventures and Dragonfly Capital.Additionally, the Web3 asset data platform RootData shows that Variational was founded in 2021 and is headquartered in George Town, Cayman Islands, specializing in customizable crypto derivatives for peer-to-peer trading, providing services for both retail and institutional traders through its trading infrastructure.

ChainCatcher news, stablecoin issuer Circle CEO Jeremy Allaire posted on the X platform that the trend is your friend, and the market has not yet reached the "peak of stablecoins"; we are just crossing the chasm.

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that the short-term implied volatility peaked on election day, expanding by 10 volatility points compared to the previous expiration date, with a skew towards call options rather than put options, even though Bitcoin is approximately 8% lower than its historical high. Meanwhile, the stock market presents a different picture.The S&P 500 index reached a historic high, with 20% of companies about to announce their earnings. The options market leans towards put protection, anticipating that the index may fluctuate by 1.8% on the day after the election, November 6. The correlation between the stock market and cryptocurrencies has reached a historic high of 0.83. Given its mean-reversion trend and the differences in options market positioning, this may signal the arrival of a turning point.The election creates a zero-sum game scenario for the stock market, with industry winners depending on the election results. In contrast, both U.S. presidential candidates are more supportive of cryptocurrencies than the previous administration, so any weakness in the stock market may prompt a reallocation of capital into the cryptocurrency space.

ChainCatcher news, according to data disclosed by IntoTheBlock, the daily active users on the TON network have dropped to about 1.58 million, a significant decrease from the peak of over 5 million daily active users.

ChainCatcher news, according to Coindesk, based on data from Glassnode, the seven-day moving average of Bitcoin's hash rate has reached a historic high of 703 EH/s (currently at 725.20 EH/s, peaking at 791.62 EH/s), marking the first time the network's hash rate has surpassed 700 EH/s. Since the halving event in April, Bitcoin's hash rate has grown by nearly 13%.Data from Bitcoin mining analyst Sebastian Ski shows that in September, 12 leading publicly listed mining companies contributed 28.9% to the total hash rate, equivalent to over 200 EH/s. Their contribution to the hash rate has been steadily increasing month by month, having jumped nearly 10% since October 2022. Ski suggests that "publicly listed mining companies are capturing market share from other miners globally."Ski also mentioned that the companies with the largest hash rate growth over the past 12 months are: CleanSpark (CLSK), MARA Holdings (MARA), Riot Platforms (RIOT), and IREN. This aligns with the monthly production growth of leading Bitcoin mining companies in September. Weaker miners will have to exit the network, while the companies with the lowest energy costs or the strongest balance sheets will continue to increase their share of the network.

ChainCatcher news, according to The Block, PayPal's stablecoin PYUSD has been losing market share since it reached a market cap of over $1 billion at the end of August (when it was the fourth largest stablecoin). The current market cap of the token is $618 million, a decline of 40% over the past month and a half. The Solana-based PYUSD now has a market cap of approximately $267 million, down from the over $600 million peak it reached in August. Meanwhile, over $350 million worth of PYUSD tokens are circulating on Ethereum.The growth of this stablecoin has largely been attributed to PayPal's partnership with the Solana lending market Kamino Finance, which agreed to pay high yields subsidized by the payments giant to PYUSD holders. In recent weeks, the yield on PYUSD deposits on the lending protocol Kamino has dropped from around 17% to below 7%. The Solana-based protocols Drift and Marginfi, which also offered double-digit annualized rewards to PYUSD holders, have also been impacted. However, this trend may reverse. On Tuesday, Kamino added PYUSD to its "meme coin market," allowing users to borrow against positions in meme coins like WIF, POPCAT, and BONK. This arrangement will provide an additional $10,000 in PYUSD rewards to depositors each week. In contrast, lenders of PYUSD on the Ethereum-based decentralized exchange Aave are currently earning about 4.3%.During a similar six-week period, the market caps of the two major stablecoins USDT and USDC have remained relatively stable. Since August 31, Tether's stablecoin market cap has increased by $1 billion, while Circle's token market cap first increased by $2 billion and then decreased by $2 billion.