ChainCatcher news, Meme coin KOL Murad posted on social media: "Whether you love it or hate it. The performance of Meme tokens in this cycle will surpass everything. This is just the beginning."

ChainCatcher message, Coinbase analysts David Duong and David Han stated, "Despite the lackluster price movement of Bitcoin this week, market sentiment has remained largely unchanged, as evidenced by the stable perpetual contract funding rates and open interest over the past week." Coinbase analysts pointed out that the macro factors influencing cryptocurrency performance are shifting from monetary policy to the results of the U.S. elections. Despite the recent rise in CPI and core PPI, market expectations for interest rate cuts remain broadly stable.

ChainCatcher news, the crypto mining company IREN (formerly Iris Energy) is facing a class action lawsuit from investors, accusing it of misleading investors regarding its high-performance computing business.On October 7, a class action lawsuit led by Paul Williams-Israel was filed in federal court in New York, claiming that IREN's facility in Childress, Texas was falsely advertised as a data center suitable for high-performance computing (HPC) and exaggerated its computing capabilities. The lawsuit also pointed out that there was significant misinformation in the expansion plans and HPC strategy released by IREN in a statement in June 2023.IREN's co-founders and co-CEOs Daniel Roberts and William Roberts, as well as the company's CFO Belinda Nucifora, are all named as defendants.

ChainCatcher news, QCP Capital's latest analysis points out that despite a turbulent start to the month, Bitcoin's upward trend in October seems to be back on track. Currently, the Bitcoin price is comparable to last Monday's level. QCP notes that the "Uptober" narrative, along with strong non-farm payroll data, has helped Bitcoin find strong support around the $60,000 mark. The upcoming HBO Bitcoin documentary is also bringing more mainstream attention to the cryptocurrency, and meme tokens related to Len Sassaman are starting to gain traction.Despite a poor start last week, options flow still points to a bullish fourth quarter, with investors continuing to buy the $75,000/$95,000 call spread expiring in December. Considering the potential for future interest rate cuts and the strong correlation between Bitcoin and the stock market, QCP remains optimistic about October's strong performance. This Thursday's U.S. CPI data will be the market focus. Recently, U.S. wage and employment data has been strong, and the market will closely watch for any signs of rising inflation. The Federal Reserve's expectations for rate cuts have been adjusted from 50 basis points to 25 basis points within a week, and this week's data may determine whether further adjustments to rate cut expectations will be made.

ChainCatcher news, on Monday local time, Federal Reserve Chairman Powell stated during a speech that if the economy performs as expected, there may be two more rate cuts this year, totaling 50 basis points. The market perceives Powell's overall remarks as "hawkish." Following Powell's speech, the market significantly reduced the probability of a 50 basis point rate cut by the Federal Reserve in November.According to 4E observations, the three major U.S. stock indices fell after Powell's speech but began to rise in the final trading hours, ultimately closing slightly higher, with both the Dow Jones and the S&P 500 reaching new closing highs. Historically, U.S. stocks perform poorly in September, but this year the Dow rose 1.85%, the S&P 500 increased by 2.02%, and the Nasdaq gained 2.68%. Notably, the Dow and the S&P 500 recorded five consecutive monthly gains.The cryptocurrency market generally declined, with Bitcoin down 1.81% at $63,600, and Ethereum slightly down by 0.27%. Data shows that Bitcoin rose 7.35% in September, marking its best historical performance. It is worth noting that historically, whenever Bitcoin has risen in September, it has continued to rise until the end of the year. Gold fell by 0.47%, with a 4.74% increase in September; the U.S. dollar index rose by 0.30%, with a cumulative decline of 0.93% in September.After the Federal Reserve's anticipated rate cut in September, the pace of global central bank rate cuts has accelerated, significantly improving the macro environment and increasing investors' risk appetite. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday, the U.S. non-farm payroll data for September will be released, providing further key insights into the U.S. economic situation and the Federal Reserve's rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Coinglass data, Bitcoin rose 7.35% in September, marking its best performance in history, currently priced at $63,532.It is worth noting that historically, every time Bitcoin has risen in September, it has been able to increase until the end of the year.

ChainCatcher news, according to Fortune, the trading volume and inflows of BlackRock's recently launched Ethereum ETF are far below those of the Bitcoin ETF, and the company's head of digital assets, Robert Mitchnick, expects this situation will not change anytime soon.At the Messari Mainnet conference held in New York, Mitchnick acknowledged that the performance of BlackRock's Ethereum exchange-traded fund (ETHA) has been "disappointing" compared to its Bitcoin ETF. However, he urged the audience to compare ETHA with ETFs: "It is very rare for an ETF, like ETHA, to reach $1 billion in assets under management within seven weeks. In most cases, new ETFs take years to reach $1 billion."

ChainCatcher news, according to the analysis of the account Bitcoindata21, Coinbase's download numbers often rank among the top 500 apps in the Apple App Store. After a decline this month, its popularity has risen again. Coinbase has now reached the 385th position.The chart shows that download numbers are closely related to Bitcoin price performance, with Coinbase's ranking entering the top 175 during the bull market. Currently, as Bitcoin prices rebound, user interest has seen a resurgence.Santiment analysis points out that although positive comments have reached their highest level of the year, new historical highs are still to be awaited.

ChainCatcher news, Zypher Network announced on social media the launch of the first high-performance Layer 3 Zytron Pioneer for ZK-driven games on Linea.Zypher announced that Zytron has partnered with several well-known Web3 infrastructure projects, including Linea, Risc Zero, Gevulot, HyperLane, Third Web, Particle Network, Celestia, Renzo, and Eigen Layer, and plans to launch a series of incentive activities after the Zytron Pioneer goes live, including gas-free SBT airdrops and the integration and experience of over 30 games.It is reported that Zytron Kit is Zypher's flagship infrastructure, designed to support a new generation of fully decentralized games, while Zytron Pioneer is its first deployment environment based on Linea. Zytron Kit integrates modular tools and zk pre-compilers to provide players with a zero-cost and millisecond-level proof verification experience. Zytron Kit also supports seamless integration with mainstream game engines such as Cocos and Unity, and simplifies the user acquisition process through a Telegram interface.

ChainCatcher news, according to The Block, Macquarie, the Australian multinational investment bank, has given "outperform" ratings to several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these companies are shifting focus from cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.Macquarie analysts Paul Golding and Emma Liang noted that in recent years, Bitcoin mining businesses have become increasingly diversified, a trend that has accelerated following Bitcoin's fourth halving in April this year. Some mining companies view their unique power resource advantages as opportunities to diversify into non-crypto-related hosting businesses, while others focus on accumulating Bitcoin assets.

ChainCatcher news, Base protocol head Jesse Pollak posted on platform X stating that Base has resumed full operation after experiencing a decline in network performance. The team is monitoring the situation and will share a complete review. Previously, Jesse Pollak posted on platform X that on September 21 at 23:38 (Beijing time), the Base team discovered that the performance of its mainnet was declining, including issues with the mainnet (public RPC API, deposits, withdrawals, batch submissions, block production), which led to transaction delays. The team has acknowledged the issue and is working to fix it.

ChainCatcher news, according to CoinDesk, Bitcoin has risen by 7% in the past five days, breaking the $64,000 mark for the first time since August 26. Meanwhile, gold has set new all-time highs over 30 times this year, surpassing $2,600 per ounce. Charlie Bilello, Chief Market Strategist at investment management and financial planning firm Creative Planning, stated that this is the first time since Bitcoin's inception in 2009 that both Bitcoin and gold have become the best-performing assets of the year.Analyst James Van Straten noted that the outstanding performance of Bitcoin and gold is related to the increase in global liquidity, the expansion of global central bank balance sheets, and the recent interest rate cuts by the Federal Reserve, which stimulate investment and economic activity. The current balance sheet of the Federal Reserve stands at $7.1 trillion, and although quantitative tightening is still underway, the pace has slowed. The reduction in reverse repo balances, now just above $300 billion, has released liquidity back into the financial system. This has a stimulating effect, increasing the availability of funds for loans, investments, and overall economic activity.From a broader perspective, the total balance sheet of the world's 15 largest central banks (including the U.S., EU, Japan, and China) is approaching $31 trillion. While this figure itself is not the focus, the trend shows a global recovery of central bank balance sheets since July, rising from about $30 trillion. This increase in liquidity is particularly stimulating for Bitcoin, as its price movements often correspond with liquidity trends. Additionally, the Federal Reserve's 50 basis point rate cut further supported the rise of both Bitcoin and gold.

ChainCatcher news, VanEck research director Matthew Sigel stated that Bitcoin's year-to-date performance is once again leading all asset classes. In the report, he conducted an in-depth study of year-over-year fundamentals, miner behavior, volatility, ETP traction, and decentralized networks. The conclusion drawn is that upward volatility is on the horizon.

ChainCatcher news, Matrixport's latest report points out that while people are focused on the impact of the next U.S. president on Bitcoin, the actual influence may be more reflected in the regulation of the Bitcoin ecosystem rather than Bitcoin itself. During the Republican (2016-2020) and Democratic (2020-2024) administrations, cryptocurrencies experienced strong growth.Therefore, despite the media buzz surrounding the upcoming election, regardless of who takes office in the White House, Bitcoin may continue to perform positively.

ChainCatcher news, according to Jinshi reports, at the recent KDDI summit, Tadao Nagasaki, CEO of OpenAI's Japan subsidiary, revealed that OpenAI's next-generation model, codenamed "GPT-Next," is expected to be 100 times more powerful than the current GPT-4 model and is planned for release later this year. The performance improvement of the GPT-Next model is attributed to its optimized architectural design and improved learning efficiency, rather than solely relying on massive computational resources.He also revealed that OpenAI currently has fewer than 2,000 employees globally, with about half focused on AI development. OpenAI's main clients include announced companies such as Apple, Coca-Cola, and biotech giant Moderna.