dove

Digital art platform Blackdove announced the abandonment of its acquisition of the NFT platform Foundation. It stated that the purpose of acquiring Foundation was to improve Blackdove's software infrastructure. Due to the rapid progress of the acquisition, Blackdove conducted due diligence only after the operational handover was completed, but later realized that developing its own platform was the best direction, leading to the decision to abandon the acquisition. Foundation has now been returned to its founder Kayvon Tehranian and the foundation team.Previously, Blackdove announced the acquisition of Foundation on January 28, 2026. Foundation was established in February 2021 and is an NFT platform focused on high-quality digital art, known for its curatorial model that emphasizes exclusivity, artistic quality, and creator empowerment, primarily serving digital artists and professional collectors. It has received investments from a16z, 1kx, and Coinbase Ventures.

Dovey Wan, founding partner of Primitive Ventures, posted on X regarding the rumor that "the market drop may be due to a Hong Kong hedge fund's liquidation from IBIT options trading." Being in the "Hong Kong fund" circle in Asia, I have to share a contrary opinion.About taxes: Hong Kong does not have capital gains tax (Cap Gains) at all, so the so-called "tax optimization harvesting" perspective is basically viewed from the American standpoint, which does not apply to us.About the rumors: We are conducting due diligence (DD) on Hong Kong's largest Bitcoin options strategy fund. From their performance in recent months and our communications with them, there has been no drama since October 11. The Hong Kong circle is small, and everyone loves gossip; if something really happened, it would be impossible to keep it under wraps. For example, when the Hong Kong-based 3AC-related market maker Taipingshan faced issues, we knew about it almost the next day.About capital flows: Long before the in-kind redemption mechanism appeared, many old-school Bitcoin whales in Asia had already swapped their assets one way into compliant channels like IBIT (at that time, only Galaxy could do this; those who understand know). This was mainly done to: ensure safer custody; reduce operational and counterparty risks; facilitate collateral flow within the traditional financial (TradFi) system; and allow for cleaner transitions to other traditional financial assets.About trading habits: Starting from the second half of 2025, Bitcoin trading activity will structurally lean more towards U.S. stock trading hours (especially the early morning session when New York opens), and the spot selling pressure across major exchanges reflects this. In recent days, Binance has also seen significant spot selling pressure during these times, which is actually a chain reaction caused by ETF redemptions.Additionally, why would a Bitcoin fund "blow up" just because of writing options? Unless they are naked shorting or engaging in leveraged basis trades, resulting in liquidation due to an unexpected widening of the price difference between IBIT and spot. Therefore, it is likely that this is a traditional financial (TradFi) fund with a cross-margin mechanism, rather than a purely "old-school Bitcoin believer" fund.

According to Jinshi News, the last Federal Reserve meeting of the year will take place next week, with the interest rate decision announced at 3:00 AM (UTC+8) on Thursday, followed by a monetary policy press conference by Fed Chairman Powell at 3:30 AM (UTC+8).According to CME FedWatch, the probability of a 25 basis point rate cut next week is 84%. The upcoming Fed meeting is expected to be one of the most controversial in recent years, with investors focusing on the divergence among policymakers regarding the prospects for rate cuts, as well as signals from Fed Chairman Powell about the future direction of policy. Among the 12 voting members of the Federal Open Market Committee (FOMC), 5 have expressed opposition or skepticism towards further easing of monetary policy, while 3 members of the board support a rate cut. Since 2019, there has not been a meeting where three or more dissenting votes were cast, and the divisions have drawn close attention to the dissenters. Important macro data and events are as follows:Tuesday:The Reserve Bank of Australia announces its interest rate decision, and RBA Governor Lowe holds a monetary policy press conference;Wednesday:U.S. third-quarter labor cost index quarter-on-quarter; Bank of Canada announces its interest rate decision;Thursday:The Fed FOMC announces its interest rate decision and economic projections summary, and Fed Chairman Powell holds a monetary policy press conference;U.S. initial jobless claims for the week ending December 6;Friday:The Fed releases data on U.S. household financial health from the Q3 2025 flow of funds report;2026 FOMC voter, Philadelphia Fed President Harker speaks on economic outlook;2026 FOMC voter, Cleveland Fed President Mester speaks;Chicago Fed President Goolsbee participates in a moderator dialogue before the Chicago Fed's 39th Annual Economic Outlook Symposium.Market Closure Reminder: On Wednesday, the New York Stock Exchange will close early at 2:00 AM Beijing time; on Thursday, U.S. stocks, stock markets in several European countries, South Korean stocks, and Australian stocks will be closed. Trading in precious metals, U.S. oil, foreign exchange, and stock index futures contracts under the CME, as well as Brent crude oil futures contracts under the ICE, will be suspended all day.

ChainCatcher news, according to Jinshi reports, the Federal Reserve decided to lower the benchmark interest rate by 25 basis points to a range of 4% - 4.25% at the September meeting, but Fed Governor Milan tends to favor a 50 basis point cut. Analysts at TD Securities believe that the meeting minutes will highlight the divergence between hawks and doves within the committee, and some participants are expected to think that further easing of policy is unlikely this year.

ChainCatcher news, according to Jinshi Data, former chief economist of Bank of America Securities Ethan Harris stated that the days of a unified Federal Reserve are long gone. The dissent from Waller and Bowman, appointed by President Trump in July, supporting interest rate cuts has "broken the harmony." He expects a fierce debate between hawks and doves before the September meeting, bringing uncertainty to the decision on interest rate cuts. Stephen Ricchiuto, chief economist at Mizuho Securities, pointed out that currently neither the hawks supporting maintaining interest rates nor the doves advocating for easing policies hold a majority; most Federal Reserve officials take a neutral stance.

ChainCatcher news, Jupiter co-founder Meow posted on the X platform stating that Jupnet is a full-chain network under construction, aimed at achieving the goal of "aggregating everything." Jupiter needs infrastructure to connect billions of people and trillions of tokens, therefore it requires:A single source of truth across chains;A full-chain ledger;A fully on-chain identity system.Blockchain has solved the problem of a single source of truth within a blockchain, but has not addressed the issue of a single source of truth across chains. Therefore, a completely new architecture is needed to achieve a single source of truth across chains, which is why DOVE is proposed: a decentralized verification and execution oracle. By utilizing the mentioned decentralized single source of truth, it will be able to host a decentralized full-chain ledger, including achieving dynamic finality, by addressing the speed/finality trade-off through value consideration.Finally, a fully on-chain identity system will be able to support all traditional authentication methods, including social logins and keys, as well as the ability to generate recovery keys when users need them. There are still many technical issues and important design challenges to overcome.We expect to provide a technical preview and detailed technical overview in early April.

ChainCatcher news, Hooked Protocol founder Jason stated in Binance Space that he indeed had a relationship with Primitive Ventures co-founder Dovey, but denied any violations during the process of listing on Binance, as well as any issues of利益输送.

ChainCatcher news, Solana-based DEX Jupiter announced the launch of the all-chain network Jupnet. "When Jupiter first started, we focused on aggregating Solana's liquidity, and now we will turn to the next major goal, which is to aggregate everything."Jupnet will consist of three key components:DOVE NetworkDOVE stands for Decentralized Oracles, which function to validate and execute.Omnichain Distributed Ledger NetworkBy creating a single decentralized trusted source among oracles, validators, and executors, we can easily achieve the next major feature—Jupnet can host a full-chain distributed ledger, regardless of how many chains, users, or transaction flows are in the system.Aggregated Decentralized Identity (ADI)For Jupnet, we want all users and developers to no longer use wallets as the primary user experience (UX) and development experience (DX) model, but instead adopt a more user-friendly approach, such as an account system, and support familiar features like multi-factor authentication (MFA) and account recovery.

ChainCatcher news, the composition of the Federal Reserve's rate-setting committee is about to change, while renewed inflation concerns are making central bank decisions more complex. Earlier this month, the Federal Reserve lowered the benchmark policy rate by 25 basis points and hinted that there would only be two rate cuts in 2025.Chairman Powell clearly stated that the central bank is entering a new phase, and future rate cuts may be more gradual, depending on whether inflation decreases. In addition to the seven members of the Federal Reserve Board and the President of the New York Fed, the presidents of 11 regional Federal Reserve Banks will also take turns voting on interest rate decisions in the Federal Open Market Committee (FOMC). Institutions expect more divergence in the FOMC in 2025. An assessment of the committee's voting members along the hawkish-dovish spectrum reveals that the opinions of next year's FOMC voting members will become more polarized, with views scattered at both ends of the spectrum and less concentrated in the middle.

ChainCatcher news, at the Solana Breakpoint conference, Jupiter co-founder Siong Ong stated that the upcoming upgrades for Perps include market orders, the Dove oracle standard, and gas-free transactions. Their Perps trading volume has exceeded $10 billion this year, while spot trading volume has surpassed $30 billion.

ChainCatcher news, sources say that the divergence among European Central Bank policymakers regarding the economic growth outlook is increasing, which may impact the interest rate cut debate in the coming months. Some are concerned about a recession, while others focus on persistent inflationary pressures. As the Eurozone economy enters a more unstable state, future policy decisions may become more complex. The crux of the debate lies in how weak economic growth and the potential for recession will affect inflation—this is the ultimate concern of the central bank, which aims to reduce the inflation rate to 2% by the end of 2025.Dovish policymakers remain in the minority, believing that the economy is weaker than expected, and the risk of recession is rising, as companies that previously hoarded labor begin to cut job vacancies, leading to a weak labor market. Once employment numbers decline, disposable income will also decrease, quickly eroding consumption and leading to a self-reinforcing economic recession. (Jin Shi)