ChainCatcher news, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD) may struggle to sustain its record cryptocurrency trading revenue in the fourth quarter of 2024, with a potential decline in digital asset trading volume in the first quarter of 2025. The trading platform is set to announce its first-quarter financial results after the market closes on May 1, Eastern Time.The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, due to the dual impact of a stock and bond market downturn in the later part of the first quarter and a correction in the cryptocurrency market, it is expected that the trading volume for that quarter will drop from $71 billion in the fourth quarter to $52 billion. The assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still show a year-over-year growth of 41%.Although retail buying was stimulated by U.S. tariff policies in early April, analysts believe this is unlikely to reverse the downward trend in the first quarter. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current stock price of $49.

ChainCatcher news, the fintech giant Revolut is set to double its pre-tax profit to £1 billion ($1.3 billion) by 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading. According to the annual report released on Thursday, April 24, Revolut's profits soared from £438 million in 2023, while revenues jumped from £1.8 billion to £3.1 billion. A key factor in Revolut's strong performance is its wealth division, which includes stock and digital asset trading. With a rebound in cryptocurrency trading activity, this division generated £506 million in revenue, nearly quadrupling that of 2023.

ChainCatcher News, the FBI's Internet Crime Complaint Center (IC3) reported that in 2024, "the population aged 60 and above suffered the most losses in cryptocurrency-related scams," with a total of 33,369 complaints and losses amounting to $2.84 billion. The "40 to 49 age group" is the second largest victim group, with losses of $1.46 billion. Throughout the year, IC3 received "149,686 complaints related to cryptocurrency, with total losses reaching $9.3 billion," a year-on-year increase of 66%. The FBI warns that the public should "immediately report suspected cyber crimes to the FBI."

ChainCatcher news, according to Bitcoin.com, Diosnel Alarcon, head of the Cybercrime Department of the National Police of Paraguay, pointed out that in 2023 and 2024, the funds transferred through cryptocurrency scams and Ponzi schemes exceeded $4 billion. Criminal intermediaries exploit investors' ignorance of cryptocurrencies to facilitate crime. They set up fake platforms as bait, initially providing small profits to victims' accounts, and months later, the victims realize they have been scammed. This figure includes platforms that use Paraguay as a transit point for transferring illegal funds. Although cryptocurrency transactions are traceable, recovering funds and identifying the perpetrators is difficult due to international bureaucratic procedures. However, if reported quickly, authorities may be able to prevent the crime and recover the funds.

ChainCatcher news, according to Cointelegraph data, stablecoin trading volume has surpassed Visa's payment volume for the first time in 2024.

ChainCatcher message, according to on-chain analyst Onchain Lens monitoring, a certain ETH OG sold all of their last 2,024 ETH for $2.96 million after being silent for 2.4 years.In the past 3 years, the ETH OG sold 9,095 ETH at an average price of $1,375, worth $12.5 million. The wallet can be traced back to 10 years ago from withdrawals from Kraken and Bitfinex.

ChainCatcher news, at the "Web3 Future Night" gala, Ryan Xu, Head of Partnerships at Interlace, shared a keynote speech on the topic of "The Financial Infrastructure of Web3: The Integration of Stablecoins and CaaS."He stated that Interlace provides open APIs for institutional clients such as wallets, exchanges, and brokers, enabling embedded financial integration while serving industry users in cross-border e-commerce, B2B trade, advertising, gaming, and Web3 startups. In 2024, Interlace has processed over $6 billion in transactions, with a year-on-year growth rate of 80% in card spending, serving a total of 7,500 enterprises.It is reported that the "Web3 Future Night" event was co-hosted by ChainCatcher and the digital asset platform CoinUp.io, bringing together ideas and business opportunities.

ChainCatcher news, according to market information, Nvidia (NVDA) has fallen below $100 in pre-market trading, currently reported at $97.5, with a pre-market decline of 4.36%, marking a new low since September 2024.

ChainCatcher news, according to South Korean media news1, Bithumb's net profit for last year is expected to be 161.8 billion won (approximately 110 million USD), a year-on-year increase of 565.8%. The exchange plans to go public in the second half of 2025, with a target possibly being a listing on NASDAQ.Previously, the parent company of South Korean crypto exchange Upbit announced last week that its operating profit for the full year 2024 reached 809 million USD, a year-on-year increase of 85%, with a net profit of approximately 671 million USD.

ChainCatcher news, according to Cointelegraph, the tax season for U.S. crypto investors is approaching, and they need to file their 2024 tax returns by April 15, 2025.

ChainCatcher news, Bitcoin mining company Canaan Inc. released its 2024 financial report through official channels.As of December 31, 2024, the unaudited financial performance for the fourth quarter and the full year shows that total revenue for 2024 reached $269.3 million, a year-on-year increase of 27.4%. Canaan Inc. achieved a total sales hash rate of 26 million TH/s for the full year 2024, a year-on-year increase of 32.6%. In addition to the significant growth in total sales hash rate, mining revenue for the fourth quarter reached $15.3 million, a year-on-year increase of 312.5%, with 186 Bitcoins mined. The total self-mining revenue for the full year 2024 amounted to $44.02 million, a year-on-year increase of 29.6%.Canaan Inc. expects total revenue for 2025 to reach between $900 million and $1.1 billion. For the first quarter of 2025, the company anticipates total revenue of approximately $75 million. For the second quarter of 2025, the company expects total revenue to be between $120 million and $150 million.As of December 31, 2024, the company held a total of 1,371.9 Bitcoins, with the fair value of its cryptocurrency assets and cryptocurrency receivables totaling $131.4 million.

ChainCatcher news, the Arbitrum Foundation released the 2024 Transparency Report, disclosing funding for 276 projects in areas such as DeFi, gaming, and infrastructure. Additionally, the AI Trailblazer program attracted early innovators.In 2024, the Foundation expanded developer education and engagement: making significant appearances at EthCC, Token2049, Devcon, and regional events, with ambassadors from 18 countries producing over 9,000 pieces of content. Initiatives like "Step into Arbitrum" helped onboard new developers.The Arbitrum Foundation also played a key role in supporting technological advancements such as Stylus, BoLD, Timeboost, and Fast Withdrawals, further solidifying the alliance between Arbitrum and Ethereum.

ChainCatcher news, OSL Group announced its annual performance for 2024, which includes:Revenue reached a record high of HKD 375 million, a year-on-year increase of 79%;Revenue from digital asset market business was HKD 283 million, a year-on-year increase of 73%, mainly from over-the-counter trading, request for quote (RFQ), exchange business, and custody services;Revenue from digital asset technology infrastructure business was HKD 92 million, a significant year-on-year increase of 415%. The main revenue source includes SaaS services;Total trading volume exceeded HKD 100 billion, a year-on-year increase of 16%;Total assets under custody reached HKD 5 billion, an increase of 5.6 times compared to 2023.

ChainCatcher news, Santiment disclosure data shows that DOGE network activity has dropped to its lowest level since October 2024, with only about 66 "whale" transactions per day, and the number of active addresses has also fallen to less than 60,000.

ChainCatcher news, according to Bitcoin.com, Montana is accelerating the advancement of a digital asset regulatory framework to address the surge in cryptocurrency fraud. State Securities and Insurance Commissioner James Brown cited data from the Federal Trade Commission, stating that nationwide fraud losses reached $12.5 billion in 2024, a year-on-year increase of 25%, with the elderly population becoming a primary target due to their demographic representation ranking sixth in the nation.Brown supports the "Digital Token Regulatory Act" being reviewed by the state legislature, which would authorize regulatory agencies to implement access reviews and ongoing supervision of blockchain service providers, emphasizing "promoting the coordinated development of economic innovation and consumer protection through clear boundaries of rights and responsibilities." If the bill passes, Montana will become the first jurisdiction in the U.S. to systematically regulate on-chain trading entities.Regulatory actions focus on three major risk areas:"Pig Butchering" social engineering scams: 15 cases have been filed statewide in 2024, involving over $900,000, with scammers inducing victims to invest in fake trading platforms by fabricating personal relationships;Bank transfer fraud: using cryptocurrency mixing services to obscure the flow of funds;High-yield investment traps: evading compliance reviews by promising excessive returns.Brown announced the establishment of a cross-departmental digital asset enforcement team, opening a 24-hour reporting channel, and plans to collaborate with federal agencies to trace on-chain funds. Industry insiders point out that this move may provide a paradigm reference for Web3 regulation across U.S. states.

ChainCatcher news, according to Coinglass data, Bitcoin volatility has recently remained high, with a three-day average of 3.48%, reaching a new high since September 2024, which reflects a certain degree of market illiquidity. The Federal Reserve will announce its interest rate decision tonight (March 20, 2 AM Beijing time), and volatility is expected to surge at that time.

ChainCatcher news, according to the official announcement, Nasdaq-listed crypto mining company BIT Digital has released its fiscal year 2024 performance report, which discloses that the revenue for fiscal year 2024 is 949.9 bitcoins, a decrease of 37% compared to the previous year; as of December 31, 2024, BIT Digital holds 741.9 BTC and 27,623.2 ETH in its treasury, with market values of 69.3 million dollars and 92.1 million dollars, respectively.