ChainCatcher news, Coinbase stated that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible.This move has sparked dissatisfaction within the community. cLabs CEO Marek Olszewski stated, "This feels like a hindrance to the Ethereum-centric Layer 2 scaling roadmap. Has the hard fork caused controversy? How should the Celo community respond? Celo Layer 1 validators can choose to retain the current Layer 1 chain and rename it to Celo Gold (CGLD) to make life easier for Coinbase and its users. Fortunately, Coinbase is already using this code, so CGLD could become a Memecoin."

ChainCatcher news, according to Barrons, analysts have stated that Bitcoin's performance has surpassed that of Ethereum, with the price ratio of the two reaching a historically significant support level. This has led to Ethereum being viewed as a "value" investment. Amid this frenzy, a benchmark for Bitcoin has even emerged. Some analysts believe that Bitcoin's price remains cheap compared to other cryptocurrencies, especially Dogecoin, which has seen an increase of over 300% this year.However, this is not just an analysis of cryptocurrencies; the market has also seen bizarre phenomena like the squirrel peanut (PNUT) cryptocurrency. A squirrel named "Peanut" in New York City became a controversial focal point due to its popularity on social media, which led to the creation of a cryptocurrency that once had a market capitalization exceeding $1 billion. This absurd phenomenon has sparked discussions about market bubbles.

ChainCatcher news, according to IntoTheBlock data, the current profit ratio of ETH holders has reached 90.8%, setting a new high since June of this year. The 9.2% of holders who are still in a loss only control 2.8% of the total ETH supply, indicating that the potential selling pressure from current loss holders may have a limited impact on the market.

ChainCatcher news, QCP Capital's latest analysis points out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, with a rise of 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.Meanwhile, BTC's market cap share has retreated from a high of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the potential for a retest of the historical high of $4,868, which still has a 35.4% upside from the current price.

ChainCatcher message, Coinbase Assets announced on platform X that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible. After the hard fork is executed, the Celo L1 network will stop producing blocks, and customers will no longer be able to send or receive assets on the Celo L1 network; all remaining funds on Coinbase will become inaccessible.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time November 27) the total net inflow of Bitcoin spot ETFs was $103 million.Yesterday, Grayscale ETF GBTC had a net outflow of $0.00, and the historical net outflow of GBTC is currently $20.52 billion. Grayscale Bitcoin Trust ETF BTC had a net inflow of $11.99 million yesterday, and the historical total net inflow of Grayscale Bitcoin Trust BTC is currently $714 million. The Bitcoin spot ETF with the highest net inflow yesterday was Bitwise ETF BITB, with a net inflow of $48.05 million, and the historical total net inflow of BITB has reached $2.209 billion. Following that is Fidelity ETF FBTC, with a net inflow of $40.24 million yesterday, and the historical total net inflow of FBTC has reached $11.348 billion.As of now, the total net asset value of Bitcoin spot ETFs is $104.323 billion, and the ETF net asset ratio (market capitalization compared to total Bitcoin market capitalization) is 5.46%, with a historical cumulative net inflow of $30.384 billion.

ChainCatcher news, according to Bitcoin.com, the Federation Council of the Russian Parliament approved a government-initiated bill on Wednesday that outlines the tax framework for digital currencies. This legislation was passed in a plenary session after being approved by the lower house, the State Duma, the day before.The new law classifies digital currencies (including currencies used as payment tools under an experimental legal regime) as property under Russian domestic tax law. This classification exempts value-added tax (VAT) on digital currency mining and sales transactions, easing the financial obligations of industry participants. Additionally, services provided by authorized organizations that facilitate transactions within these experimental regimes will also be tax-exempt.An important provision requires operators of mining infrastructure to report personal data of individuals using their systems to tax authorities. Income from digital currency mining will be considered taxable income, forming the basis for personal income tax. Danil Volkov, head of the Russian Ministry of Finance department, stated that businesses engaged in mining activities must pay taxes at the standard corporate income tax rate.

ChainCatcher news, Coinbase Assets announced that Coinbase will not support the Celo blockchain migration. Due to the hard fork migration, users need to withdraw CGLD from Coinbase by January 13, 2025.After the hard fork is executed, the Celo L1 network (Coinbase code: CGLD) will stop generating blocks, and users will no longer be able to send or receive assets on the Celo L1 network. Previously, Celo stated that its L1 blockchain will migrate to Celo L2 on January 16, 2025.

ChainCatcher news, 21Shares' crypto research strategist Matt Mena expects that crypto investors will exhibit "front-running" behavior before Trump's inauguration in January next year, similar to the situation before the U.S. presidential election in November. At that time, investors drove up crypto prices due to excitement over Trump's eventual victory, and this early activity could generate the momentum needed to break through the $100,000 mark.Analysis suggests that investors have high expectations for Trump's second term, as the incoming president has previously expressed public support for cryptocurrencies and hinted at the possibility of creating a national Bitcoin reserve, and is reportedly screening candidates for White House positions related to cryptocurrencies.

ChainCatcher message, the $SIDE Genesis airdrop event quickly attracted over 200,000 address registrations after its launch. Due to the participation far exceeding expectations, some users were unable to successfully claim their rewards. The Side Labs team sincerely apologizes for this and expresses heartfelt gratitude for the community's enthusiastic participation.The team promises to learn from this event to optimize the design and process of future activities, ensuring that all users can participate fairly. Meanwhile, Side has released a new strategic adjustment, which has received widespread support from the community:• The tokens from the Genesis Drop will be fully unlocked;• The public offering has been canceled, and no tokens will be issued on Solana;• Testnet users who have not linked their Bitcoin addresses can resubmit their addresses before December 10.

ChainCatcher message, Truth Terminal founder Andy Ayrey posted on X stating that the Truth Terminal treasury is undergoing its final migration. Do not be alarmed by the fluctuations in funds; all funds are being transferred to a proper, globally distributed multi-signature.New Truth Terminal address: 3xzTSh7KSFsnhzVvuGWXMmA3xaA89gCCM1MSS1Ga6ka6

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the ZKP hardware acceleration project Cysic. Web3Caff Research researcher Bob pointed out in the report that zero-knowledge proofs (ZKP) have a history of nearly 40 years and are widely used in privacy protection and layer two scaling in blockchain. However, due to high computational resource consumption and slow verification speeds, user growth is limited. Therefore, hardware acceleration has become a key solution. FPGA and GPU have already implemented multiple ZKP products, while the more performant ASIC is considered the "Mount Everest" of the industry due to high costs and uncertainties. Currently, Cysic, as the only team developing ZKP ASIC, has the potential to unlock a market worth billions.The report further points out that ZKP is one of the core technologies of Web3, and ZKP hardware acceleration is still in its infancy. Compared to Cysic, both the current industry methods of operating open-source code libraries to accelerate GPUs and building FPGA clusters are still in the early trial-and-error stage. Cysic provides a user-friendly ZKP acceleration solution and is currently the only product open for testing and pushing to the market, with its testnet having entered Phase 2. Its performance is claimed to be 5 to 10 times faster than GPU acceleration, with plans to launch the mainnet by the end of 2024. Additionally, Cysic's ZK-ASIC hardware products are highly anticipated, with two models expected to be launched in 2025, targeting both enterprise (B-end) and consumer (C-end) markets. Although there are doubts about ZK-ASIC within the industry, from a long-term development perspective, introducing ASIC to establish a ZKP "mining" model could be a key step in promoting ecological development.

ChainCatcher news, according to Cointelegraph, software development giant Oracle has once again sued cryptocurrency startup Crypto Oracle LLC and its owner Louis Kerner in a federal court in California, claiming they have infringed its trademark and ignored a previous legal agreement.The software giant initially filed a lawsuit against the crypto company in 2019, accusing it of "using Oracle's trademark as part of its 'Crypto Oracle' brand and marketing cryptocurrency-related services to Oracle's own customers and users." The two companies reached a confidential settlement, and the court issued a permanent injunction in 2020, prohibiting Crypto Oracle from using the name "Crypto Oracle" or any variations of the Oracle trademark.However, Oracle now claims that Crypto Oracle and Kerner have resumed using the "Crypto Oracle" name and brand, launched new businesses, maintained infringing domain names, and hosted events under the "Crypto Oracle Collective" brand, violating the settlement agreement and court injunction. Oracle accuses the defendants of trademark infringement, unfair competition, dilution of its trademark rights, domain name squatting, breach of the settlement agreement, and civil contempt of court.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time November 26) the total net inflow of Ethereum spot ETFs was $40.6741 million.Yesterday, Grayscale Ethereum Trust ETF ETHE had a net outflow of $20.1057 million, and the historical net outflow of ETHE is currently $3.366 billion. Grayscale Ethereum Mini Trust ETF ETH had a net inflow of $16.2806 million yesterday, and the historical total net inflow of Grayscale Ethereum Mini Trust ETH is currently $379 million.The Ethereum spot ETF with the highest net inflow yesterday was BlackRock ETF ETHA, with a net inflow of $50.1289 million, and the historical total net inflow of ETHA has reached $1.853 billion. Following that is Grayscale ETF ETH, with a net inflow of $16.2806 million yesterday, and the historical total net inflow of ETH has reached $379 million.As of now, the total net asset value of Ethereum spot ETFs is $9.8 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 2.45%, with a historical cumulative net inflow of $150 million.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time November 26) the total net outflow of Bitcoin spot ETFs was $123 million.Yesterday, Grayscale ETF GBTC had a net outflow of $36.1353 million, and the historical net outflow of GBTC is $20.52 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $4.8394 million yesterday, and the historical total net inflow of Grayscale Bitcoin Mini Trust BTC is $702 million. The Bitcoin spot ETF with the highest net inflow yesterday was Bitwise ETF BITB, with a net inflow of $6.4654 million, and the historical total net inflow of BITB has reached $2.161 billion.As of now, the total net asset value of Bitcoin spot ETFs is $98.15 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.45%, with a historical cumulative net inflow of $30.281 billion.

ChainCatcher news, on November 26 local time, U.S. President-elect Trump reached a necessary agreement with current President Biden's administration to allow Trump's transition team to coordinate with existing federal staff before his inauguration on January 20.According to the congressionally authorized agreement, the transition team's staff can collaborate with federal agencies and access non-public information, while government staff are also allowed to communicate with the transition team.However, Trump refused to sign another agreement with the General Services Administration (GSA). This agreement would have allowed his team to use government-secured office spaces and email accounts, but it required the president-elect to limit donations to $5,000 and publicly disclose the names of those who contributed to his transition efforts. (Jin Shi)

ChainCatcher news indicates that the incoming Trump administration hopes to expand the powers of the CFTC, granting it significant regulatory authority over a large portion of the digital asset market.Sources say that with Trump's inauguration and the increasing influence of the crypto industry in Republican politics, the CFTC's responsibilities may soon expand to regulate the crypto spot market (such as Bitcoin and Ethereum) that are considered commodities, as well as the exchanges that facilitate their trading.Key figures in the Trump team believe that regulatory relief is needed to stimulate innovation in the crypto business, including potentially transformative blockchain technology. Former CFTC Chairman Chris Giancarlo stated, "With adequate funding and the right leadership, I believe the CFTC can begin regulating digital commodities on the first day of Trump's presidency." (FOX Business)

ChainCatcher news, according to The Block, Zodia Custody has partnered with the tokenization platform Securitize to provide regulatory-compliant custody services covering tokenized assets, including BlackRock's BUIDL fund.Zodia Custody CEO Julian Sawyer stated that the growth of BUIDL demonstrates the potential of tokenized assets for institutional investment. Securitize CEO Carlos Domingo added that this collaboration connects traditional finance with blockchain technology, helping institutions securely participate in the tokenized asset market. Securitize has launched fund management services to support the operational and compliance needs of tokenized assets.