According to ChainCatcher, Citigroup (C) said in a research report on Wednesday that a Republican sweep in the upcoming US election would be the most favorable outcome for Coinbase and the broader cryptocurrency market.

Analyst Peter Christiansen and his team pointed out that the Trump/Vance combination has publicly supported digital asset reform, and Republican control of the Senate is crucial to passing bills such as FIT21 and confirming institutional leaders who support encryption. With the unanimity of both houses of Congress, the pace of digital asset reform may accelerate.

However, the report also mentioned that a Republican victory in the Senate and a Democratic victory in the House of Representatives would still be beneficial to Coinbase and the cryptocurrency market. The US election will be held on November 5, and the results will be announced on November 8.

According to ChainCatcher, Lumia Token (LUMIA) is now officially listed on Binance Exchange. 📈

LUMIA performed well on the first day of its launch, with the highest increase reaching 285%. The current price is stable at $1.82. For investors, this is an emerging token worth paying attention to. 📊

Although the market is volatile, LUMIA's strong performance has undoubtedly added a lot of confidence to its future development. Investors need to operate with caution and pay attention to market trends. 🔍

Stay tuned to us for more insights into the blockchain industry and market data analysis. 🚀

ChainCatcher news, according to the monitoring of ZachXBT, a well-known on-chain analyst, the Eigenlayer X account is suspected to have been hacked. Users are strongly advised not to click on any links from this account to prevent potential security risks.

This incident once again reminds us that the security issues in the crypto world cannot be ignored. Whether you are a veteran investor or a novice, you should remain vigilant to ensure the safety of your assets.

Although the market fluctuates frequently, staying calm and cautious is the best strategy to deal with all uncertainties. Continue to pay attention to crypto stories and blockchain industry trends, we will bring you the latest market insights and data analysis.

According to ChainCatcher, online lender K Bank has withdrawn its more than $700 million initial public offering in Seoul, according to Bloomberg. K Bank, which was originally scheduled to go public on October 30, withdrew mainly due to concerns about its valuation and reliance on deposits in cryptocurrency exchanges.

K Bank has rapidly expanded its customer base by partnering with Upbit, South Korea's largest cryptocurrency exchange. But it is worth noting that the contract with Upbit will expire in October next year. As of the end of June, Upbit's deposits accounted for 16.8% of K Bank's total deposits.

K Bank plans to resume its IPO early next year, when it will continue to focus on its partnership with key strategic partners.

ChainCatcher news, the re-staking protocol EigenLayer released a message on the X platform, announcing that the qualified participants in the second season have been reallocated EIGEN tokens. EigenLayer said that it is currently transitioning to the planned incentive phase, and the remaining EIGEN supply in the second season has also been reallocated. For friends who follow the crypto market, this is a noteworthy development, reflecting the latest progress of the re-staking protocol in token allocation and incentive mechanisms. Continue to pay attention to market changes and learn more industry insights.

According to ChainCatcher, Web3 asset data platform RootData released the latest list of rising project rankings. As of 18:00 on October 18, Drop ranked first with a ranking change of 979 places; Hyve rose 962 places to rank second; Surge rose 940 places to rank third.

Drop is a cross-chain liquid pledge protocol that aims to transform stagnant and frozen resources into a flowing opportunity flow and enhance the economic feasibility of inter-chain economies.

RootData launched the first "Web3 Hot Project Ranking", which helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is based on user search frequency, project clicks, user votes, and the popularity and influence of the X platform to calculate the real-time ranking of project popularity.

According to ChainCatcher, Singapore's DBS Bank has launched a new set of services called "DBS Token Services", which combines tokenization and smart contract-enabled functions with existing banking services.

DBS Token Services integrates Ethereum virtual machine-compatible licensed blockchains, core payment engines, and multiple industry payment infrastructures. This means that institutions can manage the use of funds programmatically through smart contracts.

Specifically, the new services include Treasury Tokens, Conditional Payments, and Programmable Rewards. DBS Bank said this will help companies and the public sector optimize liquidity management, simplify operational workflows, and enhance business resilience.

The price of Bitcoin broke through the $67,000 mark on October 15, rising by about 10% for three consecutive days, and finally walked out of the $49,000-66,500 range. This is seen as a signal of the return of the bull market. In terms of market sentiment, the fear and greed index rose to 71, entering the greed range. However, this rise was mainly concentrated in Bitcoin, and altcoins did not follow the rise.

Bitcoin's market capitalization share (BTC.D) is currently as high as 58.77%, a new high since April 2021. WOO X Research believes that this is a sign before the outbreak of the bull market. The main funds bought a large amount of Bitcoin, pushing up the price and attracting funds to flow out of altcoins.

Future bullish factors include interest rate cuts and incremental funds from BTC ETFs. Interest rate cuts will release more liquidity and drive up Bitcoin prices. The passage of BTC ETFs has also brought buying from traditional financial institutions, further pushing up Bitcoin prices.

The market value of stablecoins is also continuing to grow, representing an increase in market demand for stablecoins. This is seen as a bullish signal of hot money pouring into the market. There is a strong positive correlation between the market value of stablecoins and the price of Bitcoin, indicating the inflow and outflow of funds in the market.

Overall, the upward trend of Bitcoin and the recovery of market sentiment provide positive signals for the future bull market.

According to ChainCatcher, Orderly Network issued a statement regarding the "IBXtrade suspected Rug" incident, stating that it did not support IBXtrade or its tokens, and any other insinuations were false. Orderly is investigating the situation and will take the necessary steps to support the community. At the same time, they will cut off any future cooperation with IBXtrade.

Earlier today, DeFi analyst Anon Vee said on social media that many users reported that the Orderly Network ecological project IBXtrade was suspected of Rug. IBXtrade launched a pre-sale three days ago, planning to raise 2,000 SOL (about $3.2 million), but eventually over-raised 160,000 SOL (US$24 million). However, users reported that they did not receive a refund, and the IBXtrade team was accused of transferring funds to multiple addresses under their control.

BNB Chain announced that it will conduct a hard fork of the BNB beacon chain at 14:00 on November 19, 2024 (block height 384,544,850). This hard fork requires nodes on the mainnet to be updated to version 0.10.24. It is worth noting that after the hard fork takes effect, the BNB beacon chain will stop running and new transactions will no longer be processed. For crypto enthusiasts and investors, this change may have a certain impact on the market, and it is recommended to pay close attention to relevant developments. 🔍

According to ChainCatcher, on-chain analyst @ai_9684xtpa detected an interesting development: 3 hours ago, a whale transferred 3,066 ETH to Binance. These ETH were built in February this year, with a total value of approximately $8.03 million. If the whale chooses to sell, it will make a profit of approximately $1.05 million. Although the market is volatile, such large transfers are always eye-catching. Whether it is an investor or a spectator, this is an event worth paying attention to. 📈

According to ChainCatcher, according to Lookonchain monitoring, a "diamond hand" address sold 199 BTC an hour ago, worth about $13.55 million. This long-term holder withdrew 801 BTC from HTX at $10,297 per coin five years ago, with a total value of $8.25 million.

In the past month, he has sold 500 BTC and earned $32.13 million. Currently, the address still holds 301 BTC, worth about $20.42 million, with a total profit of $44.28 million.

The operation of this "diamond hand" has once again attracted the attention of the market, showing the potential benefits of long-term holding strategies under certain market conditions. 📈💎

According to ChainCatcher, USDT and USDC currently account for nearly 50% of the total trading volume of major crypto assets, as monitored by IntoTheBlock. This highlights the key role that stablecoins play in providing liquidity and stability to the market.

The widespread use of stablecoins not only provides investors with a hedging tool, but also reduces the risks brought by market volatility to a certain extent. The high trading volume of USDT and USDC shows that the market demand for stablecoins continues to grow.

Whether you are a novice or a veteran, it is particularly important to understand the role of stablecoins in the market. Continue to pay attention to the dynamics of the crypto market, grasp the latest market data, and provide more reference for your investment decisions.

According to ChainCatcher, ARK Investment Management believes that technological innovation, especially artificial intelligence and blockchain technology, may play a key role in revitalizing the global economy. 🌐

As inflation in multiple fields turns to deflation, ARK Invest points out that robots, energy storage, artificial intelligence, blockchain and multi-OMIC (bioanalysis) sequencing may have a significant impact on macroeconomic indicators in the next five to ten years. 📉📈

Catherine Wood said that interest rates may be lower than expected, thereby expanding the gains of some stocks and enhancing the demand for diversified artificial intelligence investments. This view provides a new perspective and expectation for the future development of blockchain technology. 🔍

Merit Circle released its third quarter financial report, with capital reserves decreasing from $235 million on June 30 to $228 million on September 30, a month-on-month decrease of 2.93%. Liquid assets totaled $77,793,041, NFT assets totaled $908,913, and total venture capital was $149,759,338.

Merit Circle is creating a decentralized autonomous organization (DAO) to provide people who want to help build the metaverse with the opportunity to make money through games. The platform provides scholarships, educational opportunities, and everything you need to become a profitable gamer. The Merit Circle DAO manages numerous sub-DAOs from the mainDAO, acting as a tentacles for the entire Play-to-Earn industry. The protocol is maintained by MC token holders through governance.

According to ChainCatcher, Binance is about to launch a new cryptocurrency LUMIA, bringing a variety of financial management and trading options. The LUMIA principal-guaranteed coin-earning current product will be available for subscription on the Binance principal-guaranteed coin-earning platform at 17:00 (Eastern Time) on October 18, 2024. Users can purchase LUMIA through credit cards, Google Pay, Apple Pay, etc., or use wallet balances for transactions.

Within one hour after LUMIA is launched on Binance spot, users can exchange it for BTC, USDT or other supported tokens, and the exchange is free of handling fees. In addition, Binance full-position and position-by-position leverage will also add LUMIA borrowable assets and LUMIA/USDT leverage trading pairs at 19:00 on the same day.

According to ChainCatcher, Canyon Network, a New York-based on-chain AI oracle service, announced the completion of a $6 million financing, with a valuation of $60 million. The financing was participated by DeData Technologies, DAO Venture, Vinci Labs and Fission Digital Capital.

The new funds will be used to support Canyon Network to develop and launch Onchain AI Oracle, which aims to improve the transparency, efficiency and security of AI-driven blockchain applications. This move is expected to bring more innovation and development opportunities to the blockchain industry.

ChainCatcher reported that according to Cointelegraph, the UAE Free Trade Zone RAK Digital Assets Oasis (RAK DAO) plans to launch a legal framework for decentralized autonomous organizations (DAOs).

Law firm NeosLegal and RAK DAO said the new system will be introduced and discussed on October 25. Irina Heaver, partner of NeosLegal, said the framework is expected to clarify how DAOs can maintain legal compliance, which she believes will have a significant impact on the UAE's decentralized governance and the broader Web3 ecosystem.

This move may provide a new legal reference for the global blockchain industry and deserves continued attention.

ChainCatcher news, Matrixport released a report predicting that the price of Bitcoin will reach $70,000 by the end of 2024, when the price was about $42,000. Although this forecast is considered conservative, it is already a sharp increase of +65% from the price at that time. As of now, the price of Bitcoin fluctuates below $70,000, showing that there are still challenges to overcome to break through this psychological barrier, but the overall forecast is roughly accurate.

We believe that Bitcoin is expected to break through the $70,000 mark, especially driven by the political situation in the United States. If Trump is re-elected as president in 2025, it is expected that his pro-business and skeptical policies of the Federal Reserve will provide a good environment for Bitcoin. Although Trump has criticized cryptocurrencies, his policy direction will be beneficial to the market development of Bitcoin.

Trump's previous term promoted economic growth through deregulation and tax policies, and these policy trends are extremely favorable to the Bitcoin and crypto asset markets. Therefore, we believe that the $70,000 target may underestimate the market potential. Recently, as the probability of Trump's victory increased, the price of Bitcoin rose rapidly by 8%, and it is expected to rise further in the future.

Binance News: BNSOL Launches Multiple Services

According to ChainCatcher, Binance's official announcement shows that the Binance platform now supports multiple new services of BNSOL. From 18:00 on October 18, 2024 (Eastern Time Zone 8), users can purchase BNSOL through the Binance fixed investment function, supporting multiple payment methods.

In addition, users can also use credit cards, debit cards, Google Pay and Apple Pay to purchase BNSOL through the "One-click Coin Purchase" page, or use wallet balances for buying and selling operations.

More noteworthy is that Binance's pledged borrowing (current interest rate) and VIP borrowing services have also added BNSOL as a collateralized asset. This series of updates provides users with more investment options and flexibility.