ChainCatcher news, according to Barrons, MicroStrategy Chairman Michael Saylor did not explicitly state whether the company might be included in the S&P 500 during a recent interview, but he mentioned that, given the optimistic outlook on Bitcoin, MicroStrategy could report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. The accounting rule changes set to take effect in 2025 may allow MicroStrategy to meet the profitability requirements for joining the S&P 500.It is reported that MicroStrategy's traditional software business (its main business before it began acquiring Bitcoin in large quantities in 2020) is relatively small, with a valuation of only about $1 billion. Additionally, this business is currently operating at a loss according to GAAP (Generally Accepted Accounting Principles), making it difficult to meet the inclusion requirements for the S&P 500 index based solely on this. The upcoming accounting rules will adjust the company's Bitcoin holdings from their current undervalued state to fair market value, potentially leading to significant net income growth when Bitcoin prices rise. However, the S&P Global Index Committee decides on S&P 500 index members by invitation, reviewing profitability, market capitalization, and other factors.

ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission has updated its crypto regulations, adding requirements for virtual asset service providers (VASP) and social media influencers regarding crypto-related marketing promotions.In the revised digital asset rules, the regulator stated that VASPs promoting their crypto products in collaboration with third-party service providers must "obtain prior approval from the commission." The rules also require VASPs to ensure that third-party providers comply with the marketing rules set by the SEC. These rules apply to any VASP providing services to residents of the country and are set to take effect on June 30, 2025.

ChainCatcher news, according to Decrypt, U.S. Federal Judge Araceli Martínez-Olguín ruled to deny the request for a temporary restraining order filed by Hong Kong company BiT Global, allowing Coinbase to proceed with its plan to delist Wrapped Bitcoin (WBTC) from its platform.The judge found that BiT Global failed to demonstrate that Coinbase's actions would cause it "irreparable harm that is imminent."

ChainCatcher news, according to Bitcoin Magazine editor The Bitcoin Historian, the FASB fair value accounting rules officially take effect for Bitcoin today. Previously, companies could only assess the value of Bitcoin at its purchase price, rather than its appreciated value.The image shows that MicroStrategy founder Michael Saylor has stated*: *The FASB (Financial Accounting Standards Board) has officially adopted the fair value accounting rules for Bitcoin, which will apply to fiscal years beginning after December 15, 2024. This improvement will encourage companies to adopt Bitcoin as a reserve asset.

ChainCatcher news, the Web3 cloud computing platform 4EVERLAND has officially launched its 4EVER token airdrop query page.According to the token economic model, a total of 5% of the 4EVER Token supply will be airdropped to users, with 3% allocated to 4EVER Points holders, 0.5% of the tokens used for T4EVER exchanges, 1% of the tokens allocated to early product users and on-chain interaction users, and 0.5% of the tokens allocated to early ecosystem contributors, Gitcoin donations, etc.

ChainCatcher message, Solana co-founder Toly (Anatoly Yakovenko) stated on X: "You should be ready to move your crypto startup to the United States. While lawyers will still take a cut from you, once the regulatory rules are clear, the benefits are limitless."

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "U.S. CFTC Commissioner Caroline Pham is one of the candidates for the new chair, and she pointed out that under new leadership, pausing the enforcement actions from the Biden era is a question on the table."Pham recently stated, "The outlook for next year is optimistic, as under new leadership in Washington, the CFTC chair can leverage this power to set the agenda, establish new rules, and pause enforcement actions."

ChainCatcher news, Circle announced that its regulated subsidiary has become the first stablecoin issuer committed to complying with the Value Referenced Crypto Assets (VRCAs) requirements of the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).This helps Circle's USD-pegged stablecoin USDC to be offered on registered crypto asset trading platforms in Canada. Registered crypto asset trading platforms operating in Canada and complying with VRCA requirements can continue to offer USDC after the CSA's deadline of December 31, 2024, for delisting non-compliant stablecoins.

ChainCatcher message, SynFutures announced its F token airdrop rules on social platforms, which will be open for claiming on December 6.This airdrop will distribute 750,000,000 F tokens to community users, accounting for 7.5% of the total supply. Eligible users for the airdrop include active users of v1 and v2, active users of the Oyster Odyssey points program, and long-term active traders.

ChainCatcher message, Binance announced that in order to comply with the new amendment to Taiwan's anti-money laundering law effective on November 30, 2024, all merchants in the New Taiwan Dollar (TWD) market, including cash merchants, who have not obtained P2Pro certification (approved by the Financial Supervisory Commission of Taiwan for anti-money laundering compliance) will have their advertisements removed from Binance P2P's TWD market on November 29, 2024. Affected merchants are prohibited from posting any advertisements related to the New Taiwan Dollar or providing services for buying and selling New Taiwan Dollars and virtual assets on the platform.Binance urges all affected merchants to raise awareness and plan ahead, applying for anti-money laundering registration with the FSC starting from November 30, 2024, and applying for P2Pro merchant status after obtaining approval.

ChainCatcher news, Dmail Network announced the upcoming launch of the second round of Staking, where participating users can share 500,000 Dmail Tokens and 2 million Subhub Tokens. Subhub Token is the native token of Dmail's new product Subhub, which is expected to have its official TGE in the second quarter of 2025.At the same time, purchasing Dmail Tokens also qualifies participants for upcoming other partner airdrops.Subhub is a B-end service product launched by Dmail Network in 2023, aimed at helping project parties or KOLs expand new traffic channels through Dmail's massive user base, continuously pushing valuable information to users and ultimately achieving conversions. Currently, the product has already seen 9.5 million users complete subscriptions; over 500 projects and KOLs have settled in; it is a leading traffic tool in the Web3 world.

ChainCatcher news, according to The Block, the Consumer Financial Protection Bureau (CFPB) finalized a rule this Thursday that grants it the authority to regulate "large non-bank companies," but explicitly excludes crypto assets. The CFPB stated that this rule only applies to transactions denominated in U.S. dollars.The new rule is titled "Defining Larger Participants in the Market for General Digital Consumer Payment Applications" and applies to non-bank financial companies that process more than 50 million transactions annually, requiring them to comply with the same rules as large banks and credit unions. The CFPB emphasized that the definition of "annual covered consumer payment transaction volume" is limited to transactions denominated in U.S. dollars and does not include digital assets such as Bitcoin and stablecoins.The crypto industry and some Republican lawmakers had previously expressed concerns about the potential impact of the rule on crypto assets. The DeFi Education Fund welcomed this and stated that the regulation of digital assets should be led by Congress, not regulatory agencies.

ChainCatcher news, a Texas court has ordered the U.S. Securities and Exchange Commission to repeal a controversial rule that broadly redefined the term "Dealer," a move that has impacted both cryptocurrency-focused financial firms and traditional financial companies.Judge Reed O'Connor found that the rule was passed in February by a 3 to 2 vote, exceeding the statutory authority of the SEC. Traditionally, a dealer refers to an entity that buys and sells securities for itself rather than for others. The SEC expanded the definition in an attempt to include any entity capable of providing market liquidity, particularly in the U.S. Treasury market.In a footnote of the original proposal draft, it was explicitly stated that those "engaged in the trading of crypto securities" must comply with securities laws, register with the SEC, and join industry-supported self-regulatory organizations. Initially, participants in the crypto industry objected to the rule. The expanded interpretation effectively eliminated the distinction between "trader" and "dealer" in traditional understanding.The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit against the securities regulator in April (the month the rule officially took effect), claiming that the rule's intervention in the crypto space was excessive and conflicted with existing laws regulating securities dealers, which have been in place for 90 years.

ChainCatcher news, according to Hong Wang reports, the People's Court of Jiahe County, Hunan Province recently made a ruling on a major dispute over a mining machine transaction. The case shows that the plaintiff, Pan Mouxiang, communicated with the defendant, Lei Moucai, via WeChat in November 2021 to purchase Bitcoin mining machines S19XP. After paying 23.678 million USDT, the two parties had a disagreement over the nature of the contract and the settlement price. The plaintiff requested the defendant to return the price difference of 6.27 million USDT and continue to deliver 149 mining machines.The court ruled to dismiss all of the plaintiff's claims based on two main reasons: first, according to the central bank and other departments' "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation," USDT and other virtual currencies do not have the status of legal tender, and related transactions are considered illegal financial activities.Secondly, based on the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities," the energy consumption of mining activities is high, carbon emissions are significant, and economic contributions are low, which does not align with the national green development strategy. The court determined that the transaction contract was invalid due to violations of laws and regulations as well as public order and good customs, and the related losses would be borne by both parties.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated today that every year we survey hundreds of financial advisors and ask them what is holding them back from investing in cryptocurrencies. Every year, they tell us that regulatory issues are the number one reason. This is one of the reasons why this election will change the game for cryptocurrencies. In the coming months, we will see a wave of institutional capital.

ChainCatcher news, according to Jinshi reports, Meta Platforms (META.O) has been fined nearly 800 million euros for violating EU antitrust rules. Meta plans to appeal the EU fine.

ChainCatcher news, Trump has ruled out the possibility of nominating Mike Pompeo (who served as Secretary of State during Trump's previous term) and Nikki Haley (former U.S. Ambassador to the United Nations) for his second cabinet.