ChainCatcher News, U.S. September PPI annual rate 1.8%, expected 1.6%, previous value 1.7%.

ChainCatcher news, the CPI report on Thursday showed that the U.S. September CPI exceeded expectations across the board, hindering the process of inflation retreat. Another piece of data indicated that the number of initial jobless claims in the U.S. rose to the highest level in over a year. The market is increasingly focused on the impact of a slowing labor market, with traders betting that the probability of a 25 basis point rate cut in November has risen to 83.3%, while the probability of pausing the rate cut stands at 16.7%.According to 4E monitoring, after the data was released, U.S. stocks opened lower, attempted to turn positive at midday, and then collectively closed lower again. The Dow Jones fell by 0.14%, the S&P 500 dropped by 0.21%, and the Nasdaq decreased by 0.05%. The cryptocurrency market mostly declined, with Bitcoin once again falling below the $60,000 mark, quoted at $60,533 before publication. Non-U.S. currencies showed mixed results, with expectations for a 25 basis point rate cut heating up, leading to a slight decline in the dollar index; oil prices surged over 3.5% after two days of decline, influenced by tensions in the Middle East and Hurricane "Milton"; expectations for a rate cut provided support for gold prices, with spot gold rising over 0.9% at one point, ending a six-day decline, while spot silver rose over 2.2%, ending a three-day decline.The CPI increase in September exceeded expectations, intensifying discussions in the market about whether the Federal Reserve will pause rate cuts. However, the series of statements from Federal Reserve officials indicate that employment is the dominant factor in current policy, and the employment data for October will be crucial in determining the pace and extent of the Federal Reserve's easing. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher News, American citizen Josh Jarrett, with the support of Coin Center, has filed a lawsuit against the IRS regarding the tax policy on cryptocurrency staking rewards.Block rewards are new cryptocurrency tokens earned by validators for adding blocks to the blockchain. The IRS currently treats these rewards as taxable income upon receipt, which Jarrett and Coin Center argue is unfair. The lawsuit states that block rewards should be considered new property and not taxed as income, with taxation only occurring when sold or exchanged for cash.According to Jarrett, this principle applies equally to other forms of new property, such as crops or minerals, which are only taxed upon sale. The lawsuit claims that taxing staking rewards before they are sold leads to over-taxation and imposes additional and unnecessary regulatory burdens on crypto node operators.This lawsuit marks Jarrett's second attempt to sue the IRS on this issue, aiming to push for a revision of the current policy. The lawsuit also points out that the IRS's stance on taxing staking rewards may hinder innovation and development in the cryptocurrency industry.

ChainCatcher news, according to Lookonchain monitoring on October 10, the data for U.S. Ethereum and Bitcoin ETFs shows:Nine U.S. Ethereum ETFs had a total net outflow of 253 ETH, approximately $598,000, with Grayscale ETHE seeing an outflow of 112 ETH, about $265,500. The current Grayscale holdings amount to 1,640,704 ETH, approximately $3.89 billion;Ten U.S. Bitcoin ETFs had a total net outflow of 983 BTC, approximately $5.962 million, with ARK21Shares experiencing an outflow of 729 Bitcoins, about $4.42 million. The current ARK21Shares holdings amount to 46,775 Bitcoins, approximately $2.84 billion.

ChainCatcher news, according to Jinshi reports, the number of initial jobless claims in the United States for the week ending October 5 was 258,000, expected to be 230,000, and the previous value was 225,000.

ChainCatcher news, according to Jinshi reports, the U.S. September unadjusted core CPI year-on-year is 3.3%, expected 3.2%, previous value 3.20%.

ChainCatcher news, the U.S. September seasonally adjusted core CPI monthly rate is 0.3%, expected 0.2%, previous value 0.30%. (Jin10)

ChainCatcher News: A darknet drug trafficking group in Texas, USA, has been sentenced for money laundering involving cryptocurrency, with six members receiving probationary sentences ranging from 24 to 84 months. The gang operated under the name "Loverbois," selling nearly 12 kilograms of methamphetamine and laundering up to $50,000 per month through cryptocurrency from July 2019 to December 2020.This ruling stems from a joint investigation by multiple agencies, including the FBI, DEA, and the United States Postal Inspection Service, as part of the Organized Crime Drug Enforcement Task Force (OCDETF).

ChainCatcher message, WBTC has completed its transition to a geographically distributed custody structure. According to the cooperation agreement between BitGo and BiT Global, the control of the underlying Bitcoin will now be shared among Singapore, Hong Kong, and the United States.The new custody structure uses a multi-signature protocol, requiring two signatures to approve any transaction and transfer funds from the wallet. After successfully transitioning to multi-jurisdictional custody, BiT Global issued the following statement: "With a diversified jurisdiction that includes the United States, Hong Kong, and Singapore, we ensure that no single jurisdiction/entity controls the custody of WBTC assets."

ChainCatcher news, a member of the Abstract Chain team @0xCygaar pointed out on the X platform that the FBI is suspected of violating the MIT License when issuing the token NexFundAI.The staff member stated that the FBI directly copied several library files from OpenZeppelin in its smart contract but failed to attach the required license declaration in the code, constituting copyright infringement. According to the MIT License, all copies or substantial portions of the software must include the license declaration.Previous news, the FBI had previously created a token called NexFundAI on Ethereum to identify and combat these suspected fraudsters and bring them to justice.

ChainCatcher news, Bloomberg analyst James Seyffart stated that exchange-traded funds (ETFs) are likely to launch in the United States in the first quarter of 2025.Seyffart mentioned during a panel discussion at the Permissionless conference on October 9: "I think it's possible that options could launch before the end of this year, but it's more likely to be in the first quarter of 2025."In September, the U.S. Securities and Exchange Commission (SEC) authorized Nasdaq to list options linked to the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT). They are awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).Seyffart stated: "Unlike the regulations from the SEC, the CFTC and OCC do not have strict deadlines, so they can delay further if they wish."

ChainCatcher news, according to Reuters, the FBI has created a token named NexFundAI on Ethereum to identify and combat these alleged fraudsters and bring them to justice.It is reported that the FBI is discussing cooperation with market makers using the identity of the company and the token. One of the defendants explained that his company uses bots to buy and sell simultaneously on CEX to generate trading volume.Previous news, the U.S. Department of Justice has filed market manipulation charges against four cryptocurrency companies and their related personnel. These companies include Gotbit, ZM Quant, CLS Global, and MyTrade, accused of manipulating the market through "wash trading" to lure investors into "pump and dump" schemes.

ChainCatcher news, according to Jinshi reports, Fox News proposed to hold the Harris-Trump election debate in Pennsylvania on October 24 or 27.

According to ChainCatcher news reported by The Block, based on current prices and the potential impact of Donald Trump's victory in the U.S. presidential election, Standard Chartered's Head of Global Digital Asset Research, Geoff Kendrick, predicts that by the end of 2025, the price of Solana could increase fivefold, Ethereum could rise fourfold, and Bitcoin's value could triple.He also stated that if Harris becomes president, he expects Bitcoin to outperform Ethereum, which in turn will outperform Solana. He added, "In dollar terms, we expect Ethereum's price to reach $7,000 by the end of 2025 under a Harris presidency." Regardless of the election results on November 5, Kendrick expects Bitcoin's price to rise to $200,000 before the end of 2025.

ChainCatcher news, the X account of American rapper and social media personality Cardi B is suspected to have been hacked, and a suspicious token contract address has been posted. The account has 35.65 million followers, and users should remain vigilant about the content posted by this account.

ChainCatcher news, QCP Capital's latest analysis points out that despite a turbulent start to the month, Bitcoin's upward trend in October seems to be back on track. Currently, the Bitcoin price is comparable to last Monday's level. QCP notes that the "Uptober" narrative, along with strong non-farm payroll data, has helped Bitcoin find strong support around the $60,000 mark. The upcoming HBO Bitcoin documentary is also bringing more mainstream attention to the cryptocurrency, and meme tokens related to Len Sassaman are starting to gain traction.Despite a poor start last week, options flow still points to a bullish fourth quarter, with investors continuing to buy the $75,000/$95,000 call spread expiring in December. Considering the potential for future interest rate cuts and the strong correlation between Bitcoin and the stock market, QCP remains optimistic about October's strong performance. This Thursday's U.S. CPI data will be the market focus. Recently, U.S. wage and employment data has been strong, and the market will closely watch for any signs of rising inflation. The Federal Reserve's expectations for rate cuts have been adjusted from 50 basis points to 25 basis points within a week, and this week's data may determine whether further adjustments to rate cut expectations will be made.

ChainCatcher news, according to Farside Investors data, the cumulative net inflow of the U.S. Bitcoin spot ETF since its launch is $18.53 billion, with Grayscale GBTC having a net outflow of $20.11 billion, BlackRock IBIT having a net inflow of $21.558 billion, and Fidelity FBTC having a net inflow of $9.847 billion.

ChainCatcher news, according to Farside Investors data, this week the US Ethereum spot ETF saw a cumulative net outflow of 25.4 million dollars, with Grayscale ETHE experiencing a net outflow of 61.3 million dollars.

ChainCatcher news, according to Farside Investors data, this week the cumulative net outflow of Bitcoin spot ETFs in the United States is $274.3 million, of which:BlackRock IBIT net inflow of $135.3 million;Fidelity FBTC net outflow of $138.9 million;Grayscale GBTC net outflow of $19.8 million.