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U.S. government shutdown halts SEC cryptocurrency financial investigations; subpoenas may be issued quickly after reopening
ChainCatcher reported that the U.S. government shutdown has led to a temporary freeze of the Securities and Exchange Commission (SEC)'s insider trading investigation into Digital Asset Treasury (DAT).
Several former SEC attorneys stated that once the government reopens, the regulatory agency will almost certainly resume the investigation, and if suspicious trading patterns are found, subpoenas could be issued within 1-2 months. At the end of September this year, the SEC and FINRA contacted several publicly listed companies that have adopted cryptocurrency treasury strategies to investigate abnormal fluctuations in stock prices and trading volumes. It is worth noting that the Trump family is connected to several DAT companies, including ALT5 Sigma, which holds WLFI tokens, and Trump Media under Donald Trump, making this investigation a "sensitive topic."
ChainCatcher reported that the U.S. government shutdown has led to a temporary freeze of the Securities and Exchange Commission (SEC)'s insider trading investigation into Digital Asset Treasury (DAT).
Several former SEC attorneys stated that once the government reopens, the regulatory agency will almost certainly resume the investigation, and if suspicious trading patterns are found, subpoenas could be issued within 1-2 months. At the end of September this year, the SEC and FINRA contacted several publicly listed companies that have adopted cryptocurrency treasury strategies to investigate abnormal fluctuations in stock prices and trading volumes. It is worth noting that the Trump family is connected to several DAT companies, including ALT5 Sigma, which holds WLFI tokens, and Trump Media under Donald Trump, making this investigation a "sensitive topic."
ICBA calls for rejection of a certain exchange's banking license, while the exchange responds by accusing ICBA of "monopolizing regulatory power and stifling innovation"
ChainCatcher news, the Independent Community Bankers of America (ICBA) recently sent a letter to the Office of the Comptroller of the Currency (OCC), requesting the rejection of a national trust bank license application from a certain exchange's subsidiary, National Trust Co., stating that the application does not meet statutory standards and warning that approval would set a "dangerous precedent" for the U.S. banking system.
In response, the exchange's Chief Legal Officer Paul Grewal strongly stated that ICBA's actions are "blatant protectionism," attempting to monopolize regulatory channels, exclude competitors, and stifle crypto innovation. He said: "They oppose us obtaining a compliant license not because we fail to meet regulatory requirements, but because they would rather see the crypto industry excluded from the regulatory system to maintain the old financial privilege barriers."
ChainCatcher news, the Independent Community Bankers of America (ICBA) recently sent a letter to the Office of the Comptroller of the Currency (OCC), requesting the rejection of a national trust bank license application from a certain exchange's subsidiary, National Trust Co., stating that the application does not meet statutory standards and warning that approval would set a "dangerous precedent" for the U.S. banking system.
In response, the exchange's Chief Legal Officer Paul Grewal strongly stated that ICBA's actions are "blatant protectionism," attempting to monopolize regulatory channels, exclude competitors, and stifle crypto innovation. He said: "They oppose us obtaining a compliant license not because we fail to meet regulatory requirements, but because they would rather see the crypto industry excluded from the regulatory system to maintain the old financial privilege barriers."
ether.fi community vote passes "$50 million ETHFI buyback" proposal
On November 5, according to the Snapshot governance page, the ether.fi community has passed the proposal to "buy back $50 million worth of ETHFI." The proposal plans to allocate up to $50 million from its treasury to repurchase ETHFI tokens, with the buyback to be executed when the price of ETHFI tokens falls below $3.
On November 5, according to the Snapshot governance page, the ether.fi community has passed the proposal to "buy back $50 million worth of ETHFI." The proposal plans to allocate up to $50 million from its treasury to repurchase ETHFI tokens, with the buyback to be executed when the price of ETHFI tokens falls below $3.
Bitwise CIO: Retail investor selling is nearing "exhaustion," bitcoin's bottom may be approaching
According to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan stated that although bitcoin has fallen below $100,000, hitting a new low since June and sparking concerns about a "crypto winter," he believes the current market is closer to a bottom rather than the start of a new long-term bear market.
Matt Hougan said that retail investors are currently in an "extreme despair" phase, with frequent leveraged liquidations and market sentiment hitting new lows; however, institutional investors and financial advisors remain bullish and continue to allocate to bitcoin and other crypto assets through ETF channels. He pointed out that institutions are becoming the main driving force in the market.
Matt Hougan stated that retail crypto investors' selling is nearing "exhaustion," and he believes the bottom for bitcoin's price is about to appear, possibly sooner than expected. He believes bitcoin still has a chance to reach new highs this year, with prices possibly rising to the $125,000 to $130,000 range, and if the trend is ideal, it could even reach $150,000. Hougan believes that as institutional buying continues to grow, the next phase of the crypto market will be driven by more rational capital.
According to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan stated that although bitcoin has fallen below $100,000, hitting a new low since June and sparking concerns about a "crypto winter," he believes the current market is closer to a bottom rather than the start of a new long-term bear market.
Matt Hougan said that retail investors are currently in an "extreme despair" phase, with frequent leveraged liquidations and market sentiment hitting new lows; however, institutional investors and financial advisors remain bullish and continue to allocate to bitcoin and other crypto assets through ETF channels. He pointed out that institutions are becoming the main driving force in the market.
Matt Hougan stated that retail crypto investors' selling is nearing "exhaustion," and he believes the bottom for bitcoin's price is about to appear, possibly sooner than expected. He believes bitcoin still has a chance to reach new highs this year, with prices possibly rising to the $125,000 to $130,000 range, and if the trend is ideal, it could even reach $150,000. Hougan believes that as institutional buying continues to grow, the next phase of the crypto market will be driven by more rational capital.
Data: "7 Siblings" accumulated nearly 38,000 ETH purchases over two days, worth approximately $130 millions
ChainCatcher news, according to monitoring by Onchain Lens, the mysterious entity "7 Siblings" has once again borrowed 61,000,000 USDC to purchase approximately 18,000 ETH.
In the past two days, they have cumulatively invested about 133.49 millions USDC, buying a total of approximately 37,971 ETH, with an average purchase price of around 3,515 USD.
ChainCatcher news, according to monitoring by Onchain Lens, the mysterious entity "7 Siblings" has once again borrowed 61,000,000 USDC to purchase approximately 18,000 ETH.
In the past two days, they have cumulatively invested about 133.49 millions USDC, buying a total of approximately 37,971 ETH, with an average purchase price of around 3,515 USD.
Franklin Templeton submits updated XRP ETF S-1 filing, aiming for launch within this month
ChainCatcher News, Bloomberg analyst James Seyffart stated that Franklin Templeton has submitted an updated S-1 filing for the XRP ETF, shortening the content of the 8(a) clause, with the goal of launching within this month.
ChainCatcher News, Bloomberg analyst James Seyffart stated that Franklin Templeton has submitted an updated S-1 filing for the XRP ETF, shortening the content of the 8(a) clause, with the goal of launching within this month.
South Korea's KOSPI index plunges 4%, Japan's Nikkei 225 index drops 2%
According to ChainCatcher, citing Golden Ten Data, the South Korean stock market plummeted, with the KOSPI index dropping by 4%. In Japan, the Nikkei 225 index fell by 2%. Overnight, U.S. tech stocks dragged the Nasdaq index down by more than 2% at the close.
According to ChainCatcher, citing Golden Ten Data, the South Korean stock market plummeted, with the KOSPI index dropping by 4%. In Japan, the Nikkei 225 index fell by 2%. Overnight, U.S. tech stocks dragged the Nasdaq index down by more than 2% at the close.
Today's Fear and Greed Index rises to 23, still at Extreme Fear level
Jinse Finance reported that today's Fear and Greed Index has risen to 23, with the level still classified as Extreme Fear. Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google trend analysis (10%).
Jinse Finance reported that today's Fear and Greed Index has risen to 23, with the level still classified as Extreme Fear. Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google trend analysis (10%).
Suspected Bitmine address increases holdings by 10,000 ETH, worth approximately $32.72 million
Jinse Finance reported, according to Onchain Lens monitoring, the on-chain activities of some ETH whales are as follows: · Richard Heart, founder of HEX and Pulse Chain, has transferred 27,449 ETH into a new wallet and moved ETH through Tornado Cash. · The whale who previously borrowed 66,000 ETH has fully repaid the loan, deposited USDC into an exchange, and withdrawn 34,155 ETH (approximately $111.6 million) from an exchange, suspected to be buying the dip. · A newly created wallet has withdrawn 10,000 ETH from an exchange, worth about $32.72 million, suspected to belong to Bitmine.
Jinse Finance reported, according to Onchain Lens monitoring, the on-chain activities of some ETH whales are as follows: · Richard Heart, founder of HEX and Pulse Chain, has transferred 27,449 ETH into a new wallet and moved ETH through Tornado Cash. · The whale who previously borrowed 66,000 ETH has fully repaid the loan, deposited USDC into an exchange, and withdrawn 34,155 ETH (approximately $111.6 million) from an exchange, suspected to be buying the dip. · A newly created wallet has withdrawn 10,000 ETH from an exchange, worth about $32.72 million, suspected to belong to Bitmine.
Clearstream, the post-trade division of Deutsche Börse, launches D7 DLT tokenization platform
Jinse Finance reported that Clearstream, the post-trade division of Deutsche Börse, launched its D7 platform four years ago. The initial version, called D7 Digital, is a centralized system and has been used for issuances totaling approximately 44 billion euros, mainly for digital bonds and structured products. Now, Clearstream has officially launched its tokenization platform based on distributed ledger technology (DLT)—D7 DLT. The biggest difference from D7 Digital is that it operates on distributed technologies such as blockchain. Since Clearstream is a Central Securities Depository (CSD), the issuance on D7 DLT complies with CSDR regulatory requirements. By integrating with the CSD, even investors who have not yet adopted DLT technology can participate in these issuances. For institutions that have already adopted DLT, the platform can also connect to the compliant DLT trading platform 360X, in which Deutsche Börse holds a partial stake.
Jinse Finance reported that Clearstream, the post-trade division of Deutsche Börse, launched its D7 platform four years ago. The initial version, called D7 Digital, is a centralized system and has been used for issuances totaling approximately 44 billion euros, mainly for digital bonds and structured products. Now, Clearstream has officially launched its tokenization platform based on distributed ledger technology (DLT)—D7 DLT. The biggest difference from D7 Digital is that it operates on distributed technologies such as blockchain. Since Clearstream is a Central Securities Depository (CSD), the issuance on D7 DLT complies with CSDR regulatory requirements. By integrating with the CSD, even investors who have not yet adopted DLT technology can participate in these issuances. For institutions that have already adopted DLT, the platform can also connect to the compliant DLT trading platform 360X, in which Deutsche Börse holds a partial stake.