ChainCatcher news, Dogecoin Foundation director Marshall Hayner posted on X that the D.O.G.E. DAO dashboard has been launched, where any valid U.S. citizen can prove their digital identity, propose efficiency reduction suggestions, and vote on them on-chain.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, stated on his X platform: "Why did Blueport Interactive buy Bitcoin, and what’s next? I will answer five points here:Our holding of Bitcoin is strategic. We are optimistic about Bitcoin network applications, decentralized finance, and empowering real assets and crypto assets aimed at Web3 applications.I am a fervent believer in crypto technology and have launched Marsbit, Consensus Lab (LK Venture), Mars Cloud Mining, and Element over the past five years. After regaining the CEO position in the first quarter of last year, I have vigorously promoted the integration of Blueport Interactive with Web3 business attempts.I am pleased that today Bitcoin has reached a new level close to $90,000, with our first purchase price at $26,000, followed by subsequent purchases. I first advocated for Blueport Interactive to buy Bitcoin when it was over $4,000, but at that time it was difficult for our board to execute.We will inevitably disclose the progress of linear reduction at the appropriate time; crypto assets, like stocks, have a market norm of volatility, and any reduction is tactical; if there is a reduction today, it must be for an increase tomorrow.We are long-term optimistic about Bitcoin; and we are very optimistic about the possibility of significant growth within this year or the first quarter of next year."

ChainCatcher news, the dYdX Foundation stated that the dYdX community has voted to reduce trading rewards by 44%. Additionally, it has approved the transfer of 45 million DYDX from the community treasury to an account controlled by the dYdX Treasury SubDAO for the implementation of the staking program, and approved community signers to serve as directors of the Cayman Foundation.

ChainCatcher news, according to Jinshi reports, strategists including Teresa Ho from JPMorgan expect that, given the liquidity situation has returned to normal after the end of October, the Federal Reserve will end quantitative tightening (QT, i.e., balance sheet reduction) in the first quarter of 2025, earlier than the previously expected completion by the end of 2024.The supply of U.S. Treasury bills and repos has both increased, and money market funds are seeking to extend to longer maturities as expectations for easing diminish, drawing more funds from the Federal Reserve's overnight reverse repurchase facility.

ChainCatcher news, according to Fox News, former U.S. President Trump stated that Musk wants to create a new position called "Chief Cost-Cutting Officer" to be responsible for cost reduction.

According to ChainCatcher news, analysis by Creative Planning's Chief Market Strategist Charlie Bilello shows that the Federal Reserve's balance sheet has fallen to its lowest level since September 2020, having decreased by $1.9 trillion since its peak in April 2022. To fully unwind the quantitative easing policy from March 2020 to April 2022, an additional reduction of $2.9 trillion is needed.

ChainCatcher news, several of Wall Street's largest banks expect the Federal Reserve to end its balance sheet reduction process in April next year, which is consistent with their expectations for the Fed in July.A survey conducted by the New York Fed before last month's Federal Reserve interest rate meeting among so-called primary market dealers showed that "most dealers indicated that they expect the end of balance sheet reduction to depend on the level of reserves, overnight reverse repo conditions, or the assessment of upward pressure on money market rates relative to the administered rates."Some dealers stated that macroeconomic factors pose risks to the outlook for ending the balance sheet reduction. "The current size of the Federal Reserve's balance sheet is approximately $7 trillion."

ChainCatcher news, according to Jinshi reports, on the 24th, the Governor of the People's Bank of China, Pan Gongsheng, announced at a press conference held by the State Council Information Office that the reserve requirement ratio and policy interest rates would be lowered. Recently, the reserve requirement ratio will be reduced by 0.5 percentage points, releasing long-term liquidity of 1 trillion yuan, and there may be another reduction of 0.25-0.5 percentage points at an opportune time before the end of the year. At the same time, the central bank's policy interest rates will be lowered, with the seven-day reverse repurchase operation rate reduced by 0.2 percentage points, guiding the loan market quotation rate (LPR) to decline synchronously.

ChainCatcher news, according to data from the Federal Reserve's official website, as of September 17, the size of the Federal Reserve's balance sheet has decreased to around $7.1 trillion, currently reported at $7.109 trillion. Since the beginning of this year, the cumulative reduction has been approximately $1.39 trillion.

ChainCatcher message, Bank of America strategists Mark Cabana and Katie Craig stated in a report that the bank now expects the Federal Reserve to end its balance sheet reduction by the end of March 2025, compared to the previous forecast of December 2024, due to the lack of discussion among policymakers regarding its policy. The September FOMC meeting indicated that the Federal Reserve believes changes in policy rates and the balance sheet are independent of each other.

ChainCatcher news, CryptoQuant analyst Amr Taha stated that derivative exchanges have recently seen a net outflow of over 40,000 ETH. This may indicate a reduction in selling pressure on ETH or a decrease in the amount borrowed for new short positions.Note: The net flow of ETH on derivative exchanges is calculated as the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange).

ChainCatcher News, Japan's financial regulatory agency has released a comprehensive tax reform plan for the fiscal year 2025, which includes provisions for cryptocurrency to lower its tax rate.In the tax reform request on August 30, the Financial Services Agency (FSA) of Japan emphasized cryptocurrencies, advocating for them to be treated as traditional financial assets available for public investment. The FSA stated, "Regarding the tax treatment of cryptocurrency transactions, cryptocurrencies should be regarded as financial assets and should become investment targets for the public."According to the cryptocurrency accounting firm TokenTax, profits from cryptocurrencies in Japan are currently taxed as miscellaneous income, with tax rates ranging from 15% to 55%.

ChainCatcher message, analysts indicate that the FOMC's July meeting minutes are overly dovish, clearly stating that the Federal Reserve will cut interest rates in September, which is also the most information Powell could reveal during his speech at Jackson Hole on Friday.This will lead traders to be (overly) optimistic, believing that there will be four rate cuts before the end of the year, while the Federal Reserve may only cut rates two to three times. We can see that the swap market is pricing in about 95 basis points of rate cuts by the Federal Reserve before December, suggesting that the Fed will cut rates at each of its remaining three meetings this year, with one of those cuts being substantial. However, if you pay attention to the discussions among Federal Reserve officials, you will find that this is an extremely optimistic view. The Federal Reserve is more likely to skip the November meeting to achieve consensus on rate cuts, so the total cuts this year may ultimately only amount to 50 basis points. (Jin Ten)

ChainCatcher news, according to the official SUN.io website, the SunPump Beta version has officially launched. SunPump provides users with a fair and secure meme coin trading platform, lowering the participation threshold through a series of features and activities, enhancing the overall trading experience, and increasing user engagement and autonomy.It is reported that SunPump is a subsidiary product of SUN.io and the first fair launch meme coin platform on the TRON blockchain. At the same time, SunPump has launched a "Gas Fee" reduction campaign, with a maximum reduction of up to 99% on Gas fees.

ChainCatcher news, Jupiter co-founder Meow posted on social media that next week is very important for JUP, with the following schedule:Monday: JUP Essay;Tuesday: Community audit of JUP distributed so far;Wednesday: Proposal for token supply reduction;Thursday: Voting;Friday-Saturday: Discussion;Sunday: Conclusion.By the end of next week, the community will achieve a high level of understanding and consensus.

ChainCatcher news, according to The Block, U.S. District Judge Kevin Castel has ordered the sentence of Ethereum developer Virgil Griffith to be reduced from 63 months to 56 months.In April 2022, U.S. prosecutors stated that Castel violated sanctions law by traveling to North Korea in 2019 "to give a talk on using cryptocurrency and blockchain technology to evade sanctions and provide technical advice," resulting in a 63-month prison sentence.

ChainCatcher news, Entangle announced a significant reduction in the issuance of $NGL tokens and burned 25% of the team tokens to demonstrate long-term transparency.By burning 25% of the team tokens, the circulating supply is permanently reduced by 3%, and 2.5% of the liquidity supply is locked for one year. The $NGL token economic model now demonstrates the long-term sustainability needed to support the infrastructure.

According to ChainCatcher news and monitored by Lookonchain, 9 Bitcoin spot ETFs reduced their holdings by 609 Bitcoins yesterday, worth approximately 35 million USD. Among them, Grayscale reduced its holdings by 535 Bitcoins, valued at 30.7 million USD, and currently holds 274,724 Bitcoins.