ChainCatcher news, according to Cryptopolitan, on the decentralized prediction market Polymarket, the chances of Trump's victory plummeted due to a large account "larpas" selling $3 million worth of Trump contracts, before slightly rebounding to 58.1%.This large sell-off coincided with crypto analyst GCR announcing on Twitter that he had realized profits from his Trump bets, triggering panic among traders. GCR has been bullish on Trump since 2021, and this profit-taking has drawn widespread attention in the market.Additionally, another large bettor "Théo" has invested over $30 million on Trump's victory, betting on him winning both the electoral votes and the popular vote. Théo stated that his trades are motivated by profit rather than political reasons, believing that polls underestimate Trump's supporters.

According to ChainCatcher news, monitored by Lookonchain, ACT developers sold 34.2 million ACT in a single transaction for a total value of 4,340 SOL (approximately $730,000), causing the ACT price to plummet by 52%. The developers still hold 21 million ACT (approximately $630,000) and may sell again.Previously, the developers spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7,455 SOL (approximately $1.25 million).

ChainCatcher news reports that according to 4E monitoring, on Thursday local time, U.S. stocks opened lower and the decline widened, with technology stocks, chip stocks, and AI concept stocks collectively falling. Despite the "Tech Seven Sisters" having outstanding revenue and profits, the market was disappointed with their performance guidance considering the current stock prices and valuation levels, leading to a broad sell-off. The Nasdaq fell sharply, closing down 2.76%, marking the largest decline in nearly two months, with a cumulative drop of 0.52% in October, ending a two-month rising streak; the Dow Jones closed down 0.90%, with a cumulative drop of 1.34% in October, halting a five-month rising streak; the S&P 500 fell 1.86%, with a cumulative drop of 0.99% in October, also ending a five-month rising streak.The cryptocurrency market fell collectively under the influence of U.S. stocks. As of the time of writing, Bitcoin fell below the $70,000 mark, trading at $69,851, down 3.18%, having risen nearly 10% in October due to increased trading activity related to Trump. Ethereum fell 5.1%, trading at $2,516, with a cumulative drop of 4.28% in October.The U.S. dollar index fell below 104 on Thursday, closing down 0.2%, but had a cumulative rise of about 3.1% in October. The dovish remarks from the Bank of Japan weakened, with the yen rising 1%, and a cumulative rise of 5.86% in October. Inflation in the Eurozone accelerated beyond expectations in October, strengthening the European Central Bank's cautious rate cut rationale, with the euro strengthening by 0.26%, but a cumulative drop of 2.25% in October. The British pound fell 0.51% against the dollar, with a cumulative drop of 3.55% in October.International crude oil continued its upward trend due to the potential escalation of tensions in the Middle East, with WTI crude oil rising over 2% at one point, and Brent crude closing up 1.87%, with a cumulative rise of about 2.38% in October. The demand for safe-haven assets ahead of the U.S. presidential election has driven gold prices to rise for four consecutive months, continuously hitting new highs, with spot gold having a cumulative rise of about 4.2% in October.Latest data shows that the U.S. PCE inflation in September increased by 2.1% year-on-year, in line with expectations. The market is focusing on the U.S. non-farm payroll report for October to be released tonight. Currently, the market generally expects that the number of new non-farm jobs in October will significantly slow down due to temporary unemployment caused by hurricanes and strikes. It is worth mentioning that when the employment report is released this Friday, there will only be four days left until the U.S. presidential election. If the data is extremely weak, it may affect the election and increase market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to CoinDesk, Coinbase's total revenue for the third quarter was $1.2 billion, below the market expectation of $1.26 billion. Earnings per share were $0.28, while analysts expected $0.45; Coinbase's adjusted EBITDA for the third quarter was $449 million, also below the expected $469.2 million.Coinbase announced a stock buyback of up to $1 billion authorized in October. There is no expiration date for this buyback, and the company will purchase shares based on market conditions. Within minutes of the report's release, the trading platform's stock price fell nearly 7%.

ChainCatcher news, according to Lookonchain monitoring, a trader turned $1,795 into $929,000 in just 2 days by trading the meme token BAN, achieving a return of 490 times. Instead of panicking and immediately selling all his chips during the downturn, he gradually sold portions after each rise to avoid missing the rebound.The trader initially spent 10.2 SOL ($1,795) to purchase 36.27 million BAN. During the first surge, he sold 12 million BAN for a value of $56,900. Soon after, BAN plummeted nearly 90%, but the trader patiently waited, and eventually, BAN surged again. After each rise, he sold a portion, totaling 6.13 million BAN for a value of $80,700, and currently still holds 18.13 million BAN ($872,000).

ChainCatcher news, BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes stated in an interview with CoinDesk during the Token2049 conference in Singapore that the Federal Reserve is about to announce its first interest rate cut since 2020, but risk assets (including cryptocurrencies) may plummet within days after the cut.Hayes believes that cutting rates is a bad decision because inflation remains an issue in the U.S., and lowering borrowing costs will exacerbate inflation. Additionally, the narrowing U.S.-Japan interest rate differential could lead to a significant appreciation of the yen, triggering the unwinding of yen carry trades. Hayes expects U.S. interest rates to eventually drop from the current 5.25%-5.5% to near zero.He agrees with Scottish market strategist Russel Napier's view that the era of central banking is over, and politicians will take over and instruct banks to create liquidity in specific areas of the economy. Hayes stated that in this scenario, cryptocurrencies will become the only globally portable assets that allow investors to escape the system.

ChainCatcher message, mempool.space data shows that Fractal Bitcoin mainnet transaction fees have plummeted, with multiple blocks' minimum fees dropping to 5 Sat/byte. As of the time of writing, the current block network fee is only 6 Sat/byte.

ChainCatcher message, Matrixport released a chart report indicating that Bitcoin suddenly dropped significantly this morning. Due to insufficient bullish momentum after Monday's trading, the longs that bought Bitcoin last week due to the Federal Reserve's dovish comments may have been liquidated.Today's pullback has no obvious event trigger, suggesting that in a low liquidity environment, long liquidations may be the main cause. If Bitcoin falls below $59,000, it could trigger more market concerns.

ChainCatcher news, in the second half of 2024, the meme coin craze has significantly cooled down. Google Trends data shows that the search interest for "meme coins" has plummeted from a peak of 100 in mid-March to 22. During the same period, the market capitalization of meme coins has also shrunk considerably. Over the 89 days since May 21, the total market value of meme coins has dropped from $59.62 billion to $39.59 billion, evaporating $20.02 billion. Major meme coins such as DOGE, WIF, and BOME have all experienced significant declines.