ChainCatcher news, according to Unchained, over four months ago, the Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalyst Program" (GCP). However, due to a lack of transparency and accountability mechanisms, community members have raised concerns.Arbitrum community member Joseph Schiarizzi (@CupoJoseph) has posted a governance proposal suggesting that 220 million ARB in the GCP multi-signature wallet be returned to the Arbitrum DAO treasury.The proposal points out that the GCP council has not fulfilled its responsibilities, delaying several oversight and transparency commitments made in the initial proposal. On-chain data shows that 1.35 million ARB have already been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARB remaining. If the proposal passes, GCP will retain only about 2 million dollars in funds to continue operations until it can prove that more funding is needed.Schiarizzi stated that his proposal may not pass, but its purpose is to introduce a certain level of accountability for the 120 million ARB tokens supporting GCP. He said, "I believe this will encourage the relevant parties to release updates more quickly."

ChainCatcher news, according to The Block, JPMorgan analysts have pointed out several key factors that may affect the cryptocurrency market in the coming months, mentioning technologies, geopolitical issues, and structural events that could drive price volatility. In a research report released on Monday, analysts discussed the seasonal "Uptober" trend, the Federal Reserve's interest rate cuts, the approval of Bitcoin ETF options, and the upcoming Ethereum upgrade known as Pectra.One key conclusion of the report is that October has historically shown strong performance, often referred to as "Uptober," with over 70% of Octobers yielding positive returns for Bitcoin. The analysts wrote, "Although past performance is not indicative of future results, we believe the popularity of 'Uptober' could influence behavior and lead to positive Bitcoin performance this October." Despite the recent interest rate cuts by the Federal Reserve, the analysts noted that the broader cryptocurrency market has yet to see the anticipated positive effects; while a rate-cutting environment typically supports risk assets, the correlation between total cryptocurrency market capitalization and the federal funds rate remains weak at 0.46. Since the Fed's rate cut on September 18, we have not seen a significant rise in cryptocurrency prices due to the cuts, and the market may be waiting for more sustained stability before making a decisive shift.Additionally, the analysts acknowledged that it is difficult to accurately predict how cryptocurrencies will respond to interest rate cycles due to a lack of historical data. Another potential catalyst is the recently approved spot Bitcoin ETF options trading. The analysts expect this could deepen market liquidity and attract new participants. This development could initiate a positive feedback loop, enhancing market structure and making digital assets more accessible to institutional investors. The upcoming Ethereum upgrade, referred to as "Pectra," is also seen as a significant development.The analysts stated, "While Pectra is expected to have a transformative impact on Ethereum's functionality, we believe this upgrade is more structural than a direct price catalyst. The long-term impact of Pectra will be to improve Ethereum's operational efficiency and adoption rates, but it is unlikely to trigger a short-term surge in Ether prices."The analysts concluded that the cryptocurrency market is currently in a wait-and-see mode, looking for clearer macroeconomic or structural catalysts to drive sustained growth. They stated, "We continue to see the crypto ecosystem becoming increasingly sensitive to macro factors, so we are waiting for the next major catalyst to drive the ecosystem's development and enhance retail participation for long-term growth."

ChainCatcher news, Treasure co-founder Karel Vuong published a lengthy article on the X platform clarifying "the reasons and motivations for Treasure DAO's proposed migration from Arbitrum to ZKsync."The article points out that leaving Arbitrum is a "bittersweet" moment; the team has a deep love for Arbitrum and has built, explored, and grown alongside it over the past three years. However, it has been 7 months since the game catalyst vote, and many things have changed. Although Karel Vuong denies that grants are the core reason for Treasure's departure from Arbitrum, he expressed disappointment in seeing Arbitrum representatives dragging Treasure down behind the scenes after investing a significant amount of time and effort to make GCP a reality, promote it within the DAO, and do everything possible to push it forward.Additionally, Karel Vuong stated that ZKsync is more conducive to the project's vision of large-scale adoption in terms of scalability, throughput, cost, gaming possibilities, onboarding, and interoperability. This is the main reason the team chose ZKsync.

ChainCatcher news, BNB Chain announced the winners of the ecological Catalyst Awards, among which:The Innovation Excellence Award was won by the AI project Aggregata and the programmable incentive layer protocol Cellula;The DeFi Excellence Award was won by KiloEx and Lista DAO;The Gaming Excellence Award was won by Seraph and StarryNift;The Infrastructure Excellence Award was won by CARV and Particle Network;The Rising Star Award was won by REVOX and Sidekick.

ChainCatcher message, Matrixport released a chart today stating that the Bitcoin Greed and Fear Index has once again reached "extreme fear" levels. We developed this index to provide a more strategic and timely sentiment reference than the widely cited "Fear and Greed Index."Historical data shows that Bitcoin typically rebounds in such situations. Key catalysts for this week include the presidential debate between Harris and Trump on Tuesday, and the U.S. CPI report on Wednesday.

ChainCatcher news, JPMorgan (JPM) noted in a research report on Friday that as of the end of last month, the total market capitalization of the cryptocurrency market was $2.02 trillion, a 24% decline from the peak in March, and stated that it is waiting for the next development catalyst and "increased retail participation."Analysts led by Kenneth Worthington wrote, "Overall, we continue to see a lack of significant catalysts in the crypto ecosystem, so we expect cryptocurrency tokens and asset prices to be more sensitive to macro factors."

ChainCatcher message, Bitcoin's volatility has exceeded the levels of March (when Bitcoin reached its all-time high) and continues to rise, with traders believing this could be the catalyst needed for Bitcoin to finally break out of its consolidation phase.However, to trigger a rebound, Bitcoin must first stay above $61,000 and successfully retest the $62,000 level, which is a level Bitcoin has not touched since August 9.According to data from CoinGlass, on August 21, the historical volatility chart indicator for Bitcoin reached 3.42%, surpassing the 3.00% recorded on March 13, when Bitcoin hit its historical high of $73,679.

ChainCatcher news, according to official sources, BNB Chain has announced the launch of the Ecosystem Catalyst Awards, which will be evaluated through a transparent voting mechanism. Participating community members will also receive exclusive rewards.The BNB Chain Ecosystem Catalyst Awards will recognize and reward projects that contribute to the BNB Chain ecosystem. The awards are divided into multiple categories, each highlighting excellence in different areas. These categories include Innovation Excellence, Decentralized Finance, Gaming, NFTs and Metaverse, Infrastructure, and the Rising Star Award.

ChainCatcher news, QCP Capital's latest report points out that despite increased volatility in Bitcoin during Trump's speech, the market did not experience the dramatic fluctuations that options traders expected. Bitcoin remains in the range of $67,000 to $70,000, with volatility significantly decreasing. The market may need a more significant catalyst to achieve a major breakthrough, which could occur as the U.S. elections approach. Given that Bitcoin has failed to break through its all-time high, despite Trump's optimistic remarks, it is expected that Bitcoin will continue to trade within this range.

ChainCatcher news, according to The Block, Solana (SOL) has outperformed other major cryptocurrencies this week, rising 9% in the past seven days, while Bitcoin and Ethereum fell over 4% and 2% respectively during the same period.Coinbase analysts David Duong and David Han stated: This performance is supported by certain intrinsic catalysts within the Solana ecosystem, including significant technological releases and VanEck's first submission of a Solana spot ETF application in the United States.According to Coinbase's weekly report released on Friday, several recent developments have enhanced the value proposition of the Solana blockchain. One is ZK compression technology, which analysis indicates can reduce costs for Solana, especially for large-scale token distribution.Analysts also added that Solana Blinks represents a development that could bring "improvements and a more universal user experience" to Solana applications.

ChainCatcher news, according to Cointelegraph, in response to today's decline in the crypto market, Henrik Anderrson, Chief Investment Officer of asset management company Apollo Crypto, stated that he cannot determine the main reason for the market drop—however, he believes that the recent decrease in interest for Bitcoin spot ETFs may be one of the factors.Anderrson stated, "From what I can see, there is no obvious catalyst, but it seems that the negative flow of BTC ETFs has led to weakness in altcoins, triggering liquidations of leveraged long traders in Bitcoin, Ethereum, and Dogecoin."

ChainCatcher news, French artificial intelligence startup Mistral AI has completed a €600 million (approximately $640 million) Series B funding round, led by General Catalyst, with other investors including Lightspeed Venture Partners, a16z, NVIDIA, Samsung Ventures, Salesforce Ventures, Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management Venture Fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, and SV Angel.It is reported that Mistral AI was founded by former researchers from DeepMind and Meta, competing with OpenAI and Google to develop generative artificial intelligence infrastructure. Last December, Mistral AI announced the completion of a €385 million ($415 million) funding round, led by a16z and Lightspeed Ventures, bringing the company's valuation to $2 billion.

ChainCatcher news, Dune announced on social media that it has launched the enterprise solution Dune Catalyst, which supports various networks to connect data to Dune through standardized APIs for data integration. The first integrated networks are Degen and Mode.