ChainCatcher news, Trump stated this morning that a 25% tariff will be imposed on all products entering the United States from Mexico and Canada. As a result, the dollar quickly strengthened, with an increase of 0.4%, while all non-U.S. currencies fell, with the Canadian dollar and Mexican peso experiencing the largest declines, the latter dropping over 1.2%. Spot gold and silver were also pressured by the strong dollar, with silver falling below $30 per ounce. (Jin Shi)

ChainCatcher news, a recent institutional survey shows that the dollar will stabilize in early 2025, but will face risks such as accelerating U.S. inflation and a surge in fiscal deficits over the next year. As we approach the new year, 89 respondents have differing views on the risks that could pose the greatest harm to the dollar.Concerns about the deficit accounted for the largest share at 38%, while another 32% of respondents believe that if Trump implements the tariff measures promised during his campaign after taking office in January, the weak economic growth in the U.S. and globally will put pressure on the dollar next year. Although these policies may strengthen the dollar in the short term, the long-term damage to the economy will ultimately suppress the dollar's appeal.Nevertheless, about 70% of respondents still believe that the dollar index will rise in the next month. Two key themes support confidence in the dollar before the end of the year: first, U.S. Treasury yields will be supported by the Federal Reserve's patience regarding interest rate cuts, which will encourage investors to flow into U.S. assets; second, a series of uncertainties surrounding Trump's future economic policies may lead to safe-haven buying of the dollar.

ChainCatcher news, Microstrategy Executive Chairman Michael Saylor expressed support for the proposal of a U.S. strategic Bitcoin reserve put forward by Senator Cynthia Lummis, which is crucial for strengthening America's economic leadership.Saylor elaborated, "I think it's a good idea. I think it will happen. I think it's important for the U.S.... According to my current model, Senator Lummis's bill would offset our $16 trillion debt. So, I think it's economically wise. It's technically wise as well."

ChainCatcher news, analysts from the research and brokerage firm Bernstein stated that after a 5% increase on Monday, Bitcoin rose approximately 14% in October, reaching over $65,000. This was driven by the correlation with the rising odds of Donald Trump's election, with MicroStrategy being a leading indicator of a potential bullish breakout.Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia analyzed: "We believe that the recent strength of Bitcoin is due to the correlation of Bitcoin with the rising odds of Trump's election. Although both sides express support for digital assets, the crypto market's bids are stronger due to Trump's increased odds in the election prediction market."

ChainCatcher news, Bitget announced an update to its listing standards, further strengthening the token review process. All projects intending to list must pass a rigorous comprehensive evaluation, focusing on the token economic model, token supply and distribution, practicality, and the background and qualifications of the development team. In addition, Bitget requires projects to submit detailed business plans and roadmaps. This series of measures aims to enhance platform transparency and trust, safeguard user interests, and mitigate related risks.For newly listed projects, Bitget will focus on evaluating fully diluted valuation (FDV), funding background, token unlock schedules, as well as financial, security, compliance, political, and ethical risks; for tokens that are already circulating, the review will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV; for tokens already listed on other exchanges, the focus will be on smart contract security and token distribution.Bitget's Chief Legal Officer Hon Ng emphasized: "Any project intending to list on Bitget must undergo strict legal and technical reviews to ensure that code quality, security, and compliance meet Bitget's listing standards. These measures are designed to better protect users and avoid high-risk projects; projects that do not meet the standards will not be listed on the platform."Bitget's CEO Gracy Chen stated: "Our goal is to create a safe and trustworthy trading environment. By implementing these strict listing standards, we are not only protecting users but also ensuring that projects on Bitget have long-term development potential. We are committed to further expanding the spot market in the coming years, and these strict standards are an important part of achieving this strategy. In addition to the pre-listing review process, we will also provide ongoing support for quality projects after they are listed, helping them achieve long-term success."This update is part of Bitget's global strategy aimed at enhancing user security and strengthening platform compliance, contributing to the healthy growth of the cryptocurrency industry.

ChainCatcher news, Futu Securities stated that it is continuously strengthening its investment in virtual assets and is actively promoting virtual asset trading services. During the preparation period for the service launch, Futu is continuously enhancing virtual asset-related investor education to help investors grasp relevant knowledge in advance, enabling them to make better investment decisions when the service goes live.Futu Securities Managing Director Xie Zhijian stated that according to Futu's latest relevant survey, over 40% of investors who have never traded virtual assets expressed a desire to trade on Futu NiuNiu, while nearly 75.6% of experienced investors are also pleased to see Futu launch virtual asset trading services on the platform.

ChainCatcher News, the People's Bank of China and the Central Bank of the UAE have renewed a currency swap agreement in Hong Kong worth 35 billion RMB / 18 billion dirhams (4.9 billion USD), extending the bilateral currency swap agreement for five years to promote financial and economic ties. The two parties also signed a Memorandum of Understanding on Strengthening Cooperation in Central Bank Digital Currency to enhance technical cooperation in the development of central bank digital currencies. The renewed agreement will promote bilateral trade and strengthen financial cooperation between the two countries, and will facilitate the provision of liquidity to financial markets in local currencies, enabling more effective and efficient settlement of cross-border financial and trade transactions.

ChainCatcher message, Sam Altman posted on social media, "I love OpenAI, and everything I've done in the past few days has been to preserve the integrity of this team and its mission. When I decided to join Microsoft on Sunday night, it was clear that this was the best choice for me and the team. With the support of the new board and Satya Nadella, I look forward to returning to OpenAI and continuing to grow on the strong foundation of our partnership with Microsoft."

ChainCatcher news, according to Caixin, the Hong Kong Securities and Futures Commission and the Monetary Authority have reviewed the current policies for intermediaries intending to engage in virtual asset-related activities. In response to the latest market developments and inquiries from the industry, they have updated the policy to further expand the extent to which retail investors can engage in the virtual asset field through intermediaries, under appropriate safeguards, and allow investors to directly deposit virtual assets with intermediaries.To avoid any doubts, the updated circular will replace the joint circular issued by the Securities and Futures Commission and the Monetary Authority regarding intermediaries' virtual asset-related activities on January 28, 2022.

ChainCatcher news, according to Blockworks, the Australian Securities and Investments Commission (ASIC) is intensifying its focus on the distribution of "high-risk" over-the-counter derivatives (including cryptocurrency derivatives) to retail investors.The regulator is concerned that issuers providing regulated financial products alongside unregulated digital assets may lead investors to mistakenly believe that consumer protection measures apply equally to unregulated products.

ChainCatcher news, Circle's official blog states: "Since the collapse of Signature Bank and Silvergate Bank, our team has been working around the clock to restore the liquidity operations of USDC, including bringing in new trading bank partners. We began processing minting and redemption requests on the morning of March 13, local time, when the U.S. banking system reopened, and we are currently addressing the backlog of requests. We have more work to do, including adding new trading bank partners with 24/7/365 capabilities. On March 13, local time, Circle redeemed $2.9 billion USDC and minted $7 billion USDC."The article also states: "As part of our ongoing efforts to strengthen USDC reserves, we now hold a cash portion of reserves at Bank of New York Mellon, in addition to limited funds held at trading bank partners to support USDC minting and redemption. The majority of reserves are invested in the Circle Reserve Fund, managed by BlackRock and custodied by BNYM, primarily consisting of short-term U.S. Treasury securities." (source link)

ChainCatcher news, according to the WSJ, a senior official at the U.S. Securities and Exchange Commission (SEC) stated that the agency is intensifying its scrutiny of the work of crypto auditors, as investors may derive false comfort from the reports of these companies. SEC Acting Chief Accountant Paul Munter said in an interview: "We warn investors to be cautious about some of the claims made by cryptocurrency companies." (WSJ)

ChainCatcher news, the Bank of England stated that we need to strengthen the regulation and enforcement required for the crypto market and crypto activities. Due to the lack of regulation, financial institutions and investors should adopt a particularly cautious attitude towards crypto assets. (Jin10)

ChainCatcher news, the Canadian Securities Administrators (CSA) is strengthening its regulation of crypto trading platforms by expanding existing requirements for platforms operating in Canada. If platforms currently subject to Canadian securities legislation do not provide a Pre-Registration Undertaking (PRU) to their principal regulator or cease operations, the CSA will consider all applicable regulatory options, including enforcement actions. CSA members will soon communicate the deadline for platforms to deliver the PRU.It is reported that cryptocurrency trading platforms providing PRU commitments need to agree to comply with relevant extended terms, which include the requirement to transfer Canadian customers' assets to appropriate custodians and to segregate these assets from the platform's proprietary business, as well as prohibiting the provision of margin or leveraged trading to any Canadian customers.In August 2022, the Canadian Securities Administrators issued a statement indicating that unregistered cryptocurrency trading platforms operating in Canada should make commitments or comply with commitment terms when seeking registration. (source link)