influx

According to The New York Times, as U.S. President Trump openly embraces cryptocurrency, his policies and personal statements are profoundly changing the structure of the U.S. capital markets. A large number of new public companies centered around crypto assets are rapidly emerging, while also amplifying market risks.Trump claims to be the "first crypto president." After taking office, he terminated the previous strict regulations on the crypto industry, promoted pro-crypto legislation, and publicly endorsed crypto investments multiple times, even launching a meme coin named TRUMP himself. This series of actions has quickly brought the previously marginal crypto industry into the mainstream financial system.Against this backdrop, more than 250 public companies have already begun to incorporate cryptocurrencies into their balance sheets this year, amassing large amounts of Bitcoin and other digital assets to attract investor attention. Some companies even lack mature core businesses, with their primary "business model" being to hold crypto assets and bet on their price increases.Analysts point out that, unlike previous crypto bull markets that were mainly limited to exchanges and retail investors, under Trump's policy push, crypto risks are spreading to a broader range of investors through the stock market. The tightening of regulations, the strengthening of political endorsements, and the structural "cryptoization" of public companies are prompting investors to take on higher volatility and valuation risks.

BitMEX co-founder Arthur Hayes recently stated that despite the contraction of dollar liquidity since April 9, the inflow of ETFs and the buying of DAT have allowed Bitcoin to rise, but this situation has now ended.This sentiment is insufficient to sustain institutional investors' purchases of ETFs, and most DATs are trading below mNAV, leading investors to begin avoiding these Bitcoin derivative securities.If this liquidity cannot mask negative liquidity, Bitcoin must decline to reflect current short-term concerns that dollar liquidity will contract or will not grow as quickly as politicians have promised.

ChainCatcher message, CryptoQuant analyst Axel posted on social media, "In the past quarter, the supply of Bitcoin held by short-term holders increased by 559,000, rising from 4.38 million to 4.94 million, indicating a large influx of new buyers into the market."

ChainCatcher news, according to CoinDesk, Solana (SOL) has risen 33% since early August, outperforming major cryptocurrencies like Bitcoin and Ethereum. Analysts point out that the token has benefited from cryptocurrency investors shifting profits away from BTC and ETH.In terms of price, SOL's recent trading price is around $210.07, up 33% from the low in early August. Compared to Bitcoin, SOL has increased by 34% over the past month, and compared to Ethereum, it has risen 14% since mid-August. Analyst Jeff Dorman stated that with up to $2.6 billion in treasury funds flowing in, SOL could replicate ETH's surge.Additionally, Dorman mentioned that at least three digital asset treasuries focused on Solana are raising funds, with expectations to invest up to $2.6 billion into SOL in the coming month.

ChainCatcher message, QCP Capital stated in its released market weekly report that several altcoin season indicators have surpassed 50, reaching the highest level since December of last year. Additionally, the open interest of ETH perpetual contracts has jumped from $18 billion to $28 billion in just one week, marking the possible official start of the altcoin season.QCP pointed out that the leaders of this cycle are institutional investors, benefiting from the clarity brought by the GENIUS Act regarding stablecoin regulation. Corporate finances have begun to increase their holdings in L1 public chain tokens such as ETH, SOL, XRP, and ADA, similar to the role of BTC in Strategy and Metaplanet's financial configuration.If ETH gains SEC approval for its spot ETF in the coming months, it could attract funds from the BTC ETF to ETH, further releasing profit potential. In fact, last week the daily net inflow of ETH spot ETF surpassed BTC for two consecutive days, indicating a surge of institutional interest in ETH, and BlackRock also holds confidence in its staking ETH ETF.Additionally, the call spread trading in the ETH options market is active, with significant positions established in call spreads expiring in September and December, highlighting the market's optimism for the fourth quarter.Currently, BTC's market dominance has fallen from 64% to 60%, while ETH's market share has risen from 9.7% to 11.6%. If this trend continues, a new round of altcoin season may have already begun. QCP stated that it will continue to monitor relevant signals and provide timely updates.

ChainCatcher news, according to market data from RootData, the InfluxAI token (IFAI) has increased by 33.74% in the last 24 hours, currently priced at $0.03.According to the Web3 asset data platform RootData, InfluxAI is a one-stop security application platform aimed at blockchain projects, consumers, and developers. The platform is designed to provide convenient and intelligent security services through a series of technological innovations, including the integration of artificial intelligence, automated contract auditing, and real-time on-chain monitoring. It also aims to enhance developer productivity and drive the industry towards a safer production model.

ChainCatcher news, this week is a busy week for economic data. The Fed's favored inflation indicator PCE data, the October non-farm payroll report, and the Q3 earnings reports from Apple, Google, Microsoft, Meta, and Amazon will determine the market direction at the start of November.According to 4E monitoring, last week the three major U.S. stock indexes had mixed performances. Tesla's stock price surged, pushing the Nasdaq up about 0.9%, marking its seventh consecutive week of gains and just a step away from its historical high. The S&P 500 fell 0.3% last week, and the Dow Jones dropped 2.6%, both ending a six-week winning streak. The cryptocurrency market saw significant declines last week, with Bitcoin priced at $67,668, down 2.18% over the past seven days, and Ethereum at $2,490, nearly 10% lower over the same period.In the forex commodities sector, the dollar index approached a three-month high on Friday, rising 0.8% last week and marking its fourth consecutive week of gains, while political uncertainty led to a 1.9% decline in the yen last week. Due to the instability in the Middle East and the U.S. election, along with global central bank rate cut expectations, spot gold reached a historical high for three consecutive days last week before giving back some gains, but still ended the week up over 0.9%, marking its sixth consecutive week of increases. The tense situation in the Middle East has pushed both U.S. and Brent crude oil prices up over 4% for the week.Recently, the market has increasingly anticipated a soft landing for the U.S. economy, and this week's series of economic data will test investors' bets. On Wednesday, the U.S. Q3 GDP estimate will be released, followed by the September PCE data on Thursday, and the October non-farm report on Friday. With the policy meeting approaching, Fed officials have once again entered their routine blackout period, and the market widely believes there is a high possibility of a 25 basis point rate cut. The influx of data combined with the approaching U.S. election will intensify market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to The Block, Borderless Capital partner Alvaro Garcia recently stated: "DePIN may be the only category in Web3 whose value comes from outside the crypto industry," and he believes this also allows DePIN projects to uniquely resist bear markets that may affect other crypto projects.In a recent interview at the mainnet conference, DePIN protocol Akash CEO Greg Osuri responded to this viewpoint. The protocol provides users with a decentralized marketplace to buy and sell computing power using AKT tokens and stated that regulators have already taken notice of the project's role."I spent a lot of time on Capitol Hill... I met with a key staff member of the House Energy and Commerce Committee... I introduced myself, and they said, 'We know Akash, it's the intersection of DePIN and artificial intelligence,'" Osuri said, calling the meeting "very productive."Osuri continued: "DePIN is more capable of attracting mainstream audiences than other crypto sectors. Currently, there is insufficient regulatory demand to ensure DePIN is not regulated like NFTs and DeFi, because when regulators study cryptocurrencies, they lump all industries together and regulate accordingly. So I think it's very important for us to separate the regulation of (DePIN and other cryptocurrencies) and ensure that legislators and regulators are informed. (Akash and InFlux) do not care about competition... as a way to demonstrate that we can achieve unity because we all care about the industry... Through this unity, I believe we can achieve regulatory clarity."

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, commented on "FTX is expected to distribute $16 billion to creditors in Q4." Even if this amount cannot fully return to the crypto market, it is still a significant figure and may hint at boosting market sentiment.

ChainCatcher news, traders predict that if the Ethereum ETF is approved for trading, there is likely to be a significant amount of institutional capital involved. Some traders have also stated that they expect Ethereum's increase in the coming months to exceed 60%. In the past week, the demand for Ethereum futures and spot purchases has noticeably increased.

ChainCatcher news, JPMorgan stated in a research report last week that the strong rebound of digital assets over the past month was influenced by the news that a spot Bitcoin ETF may be approved. Analysts said, "The approval of a spot Bitcoin ETF will help the crypto market attract new capital, as newly approved ETFs will see inflows. Additionally, the approval will solidify a victory for the crypto industry, but it will be a setback for the U.S. Securities and Exchange Commission (SEC)," thus, the SEC is more likely to soften its stance on the cryptocurrency industry.JPMorgan expressed skepticism about both claims. Existing funds are more likely to shift from current Bitcoin products (such as Grayscale Bitcoin Trust (GBTC), Bitcoin futures ETFs, and listed mining companies) to newly approved spot ETFs, rather than new capital entering the cryptocurrency space, noting that such ETFs already exist in Canada and Europe, but "investor interest is low."

ChainCatcher news, according to DL News, Coinbase's Head of Institutional Research David Duong stated that considering China's nationwide ban initiated in 2021, the approval for retail investors to trade on cryptocurrency exchanges in Hong Kong is significant, but improvements in Asian regulatory conditions are unlikely to lead to a substantial influx of Asian capital immediately.Previously reported, the "Guidelines for Virtual Asset Trading Platform Operators" in Hong Kong will take effect on June 1. Meanwhile, the Hong Kong Securities and Futures Commission indicated that retail investors may be able to buy and sell virtual assets on licensed trading platforms as early as the second half of the year. (source link)

ChainCatcher message, Binance tweeted that it is consolidating funds from the deposit address into the hot wallet in preparation for the next phase of the POR (Proof of Reserve) audit. During this period, users may notice a temporary increase in Ethereum network gas fees, and there will be a large number of transactions flowing into Binance's hot wallet. (Source link)