ChainCatcher message, BONK announces that BONK DAO has approved the proposal to burn 100 billion BONK (currently valued at approximately 3.72 million USD) and has completed the burn.

According to ChainCatcher news, monitored by Spot On Chain, 3 initial Lido DAO members sold $49.6 million worth of LDO tokens to centralized exchanges during last week's rebound, causing LDO to drop over 10% within 24 hours.Among them, Paradigm deposited 36.51 million LDO (worth $47.7 million) to Coinbase Prime, Delphi Digital transferred approximately 850,000 LDO (worth $1.13 million) to Wintermute Trading, and KR1 deposited 600,000 LDO (worth $749,000) to Kraken.

ChainCatcher news, Curve governance members have begun voting on a new proposal that will allocate 10% of the fees generated from borrowing the Curve stablecoin crvUSD directly into a savings pool designated for users of crvUSD.Curve founder Michael Egorov stated that the proposal aims to promote the development of the crvUSD stablecoin, which currently has a market capitalization of $60 million. Theoretically, if the proposal is approved and crvUSD does scale up, the protocol will generate more income for governance members in the long run, but not in the short term.So far, most votes have supported the proposal, which will conclude on Friday.

ChainCatcher news, according to the official blog, the TON Foundation has announced the launch of a new governance model called Society DAO, aimed at promoting decentralization and enhancing its growing ecosystem. Society DAO will serve as the organizational body for core ecosystem functions, with founding members including: TON Core (core development, upgrades, and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and the wallet in Telegram (payment method).The operational model of Society DAO is as follows: Society DAO will publish the goals of the TON ecosystem; DAO members can propose relevant strategies, expected timelines, and specific key outcomes to achieve these ecosystem goals; relevant DAO members will evaluate proposals from various specialized working groups; once approved by the DAO, the foundation will provide funding for the plans, and the community team will be responsible for progress and performance.The initial goals of Society DAO include: positioning TON as a gateway for real-world cryptocurrency use cases; making TON the most stable and scalable blockchain; and developing a community of developers and users in the super app market.

ChainCatcher news, whale Elijah Madonia, who holds 16% of the ai16z supply, posted on X reflecting on his early experience of buying ai16z.Elijah stated that he initially purchased 17% of the ai16z supply for 80 SOL, and later sent some tokens to ai16z founder Shaw and another team member because "they didn't even have the opportunity to buy themselves." Elijah then distributed some tokens to friends at a discounted price, hoping to share the profits.Currently, Elijah still holds 16% of the ai16z supply, and he indicated that he will reduce his holdings to 5%, donating the remaining 11% to ai16z's lock-up program, which aims to support promising developers and creators, and to address liquidity issues through feasible OTC transactions that benefit the development of the ai16z DAO and introduce new partners.

ChainCatcher news, the AI modular asset protocol MUA7648 developed by the Web3 creator community MUA DAO, won the Best Innovative Integration Award at the "Decentralized AI Agent Hackathon" held by GaiaNet.The MUA7648 protocol promotes the modularization of AI Agent assets, supporting infinite issuance and royalty recursion through asset splitting and combination. This protocol aims to reshape the application model of blockchain-native IP assets, simplifying the process for users to transform any on-chain assets into new 3D & AR form AI Agent assets, enhancing liquidity while improving interactive experiences, and opening up new development areas for customizable AI Agents based on IP. Users can interact with numerous original AI Agents through its official website.In addition, MUA DAO announced the open-sourcing of the MUA7648 protocol to stimulate innovation and collaboration, empowering creators to freely develop diverse 3D AI Agents using cutting-edge AI technology, advancing the AI industry, and giving rise to new application scenarios.It is reported that its project token MUA is currently trading on platforms such as Gate.io, BingX, and BitMart.

ChainCatcher news, Kelp DAO announced that the SCR token claim for Kelp Gain users on the Scroll network is now open.

ChainCatcher news, according to CoinDesk, the Ras Al Khaimah (RAK) in the UAE announced on Tuesday the launch of a regulatory framework for decentralized autonomous organizations (DAOs) in its digital asset free trade zone.The framework, named "DAO Association System" (DARe), is designed to provide a structured legal framework specifically for DAOs. Dr. Sameer Al Ansari, CEO of RAK DAO, stated that the system will offer tax optimization and legal clarity for DAOs.Luc Froehlich, Chief Business Officer of RAK DAO, mentioned that the launch of DARe is an important step in establishing the region as a global hub for blockchain and digital asset ecosystems. The framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning on-chain and off-chain assets.It is noteworthy that the framework offers two models: one for emerging projects with fewer than 100 members, and another for mature DAOs with funding exceeding $1 million. The system will be implemented within the RAK Digital Assets Oasis free trade zone.

ChainCatcher news, the modular Bitcoin Layer2 solution B² Network announced the completion of a new round of financing, led by Spartan Group, Animoca Brands, Alliance DAO, and P2 Ventures, with participation from Cypher Capital, Candaq Ventures, Future Money Group, Skyland Ventures, TPC, and Maxx Capital. The specific amount of financing has not been disclosed.B² Network stated that the newly raised funds will be used to optimize B² Network's performance, enrich the B² Network ecosystem, support the ecosystem fund Squared Ventures, explore more BTCFi opportunities, and expand B² Network's influence in the global market.

ChainCatcher message, Vitalik responded to comments about "the level of governance in Zuzalu, Apecoin governance forum, and Arbitrum DAO" by stating: "Technically, any currency is permissioned: you need to obtain permission from an existing holder to become a holder.This indicates that there is actually a continuous trade-off between the permission levels of Apecoin and ZuVillage, and we can imagine a structure in between: becoming a member requires obtaining permission from multiple existing members, but it is still very open.For example, you can imagine a mechanism in the style of secondary financing, weighted by existing member points, to accumulate membership points. This is what I hope to see in OP Citizen House, Zuzalu community, and other DAOs that are experimenting. Formalizing and measuring membership is upstream of any formal governance, and it would be really cool if there were more ways to achieve highly decentralized and permissionless formal membership, but not just through token holding."

ChainCatcher message, Tapioca DAO has encountered a major security vulnerability, with attackers stealing approximately 4.4 million dollars worth of cryptocurrency, and the price of TAP tokens plummeting by over 95%.The attackers obtained the private keys through social engineering, resulting in a significant amount of funds being transferred. Nevertheless, the team collaborated with security agencies and successfully moved 1,000 ETH (approximately 2.7 million dollars) to a secure location, preventing further losses. Currently, the hackers still hold part of the stolen assets, and the team is continuing efforts to recover the remaining funds.

ChainCatcher news, according to Aggr News, the cross-chain money market Tapioca DAO based on LayerZero may have suffered a security breach. The specific details are currently unclear, and users should remain vigilant and avoid interacting with unknown links or suspicious activities.

ChainCatcher news, the on-chain AI oracle service Canyon Network, headquartered in New York, announced the completion of a $6 million financing round, with participation from DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital, achieving a valuation of $60 million. The new funds will be used to support the development and launch of the Onchain AI Oracle, enhancing the transparency, efficiency, and security of AI-driven blockchain applications.Canyon has developed an architecture consisting of a large off-chain network of validators and operators, along with a set of on-chain Solana programs. When a dApp interacts with the Canyon AI Oracle Solana program to request AI inference, the AI Oracle network quickly generates verifiable results, ensuring the transparency, efficiency, and security of AI-driven blockchain applications.

ChainCatcher news, according to Cointelegraph, the UAE free trade zone RAK Digital Assets Oasis (RAK DAO) plans to introduce a legal framework for decentralized autonomous organizations (DAOs).Law firm NeosLegal and RAK DAO stated that the new system will be introduced and discussed on October 25. NeosLegal partner Irina Heaver mentioned that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the broader Web3 ecosystem.

ChainCatcher news, the privacy data oracle protocol zkPass has completed a $12.5 million Series A funding round with a token valuation of $100 million, with participation from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. The Series A funding brings zkPass's total funding to $15 million.The zkPass token is expected to launch in the first quarter of next year.According to RootData, zkPass is a privacy data protocol that utilizes 3P-TLS and hybrid ZK technology, providing tools and applications for secure and verifiable data sharing from any HTTPS website without the need for Oauth API, while ensuring privacy and integrity guarantees.

ChainCatcher news, the Snapshot page shows that the ApeCoin DAO passed the proposal to "dissolve four non-essential working groups" with a support rate of 98.02%. The working groups proposed for dissolution include the Governance Working Group, the Marketing and Communications Working Group, the Metaverse Working Group, and the Web3 Development Working Group. The proposal points out that these working groups incur nearly $3 million in costs to the DAO each year, while their task execution efficiency is low.In addition, the proposal states that the funds of the ApeCoin Foundation are rapidly decreasing. To reduce financial pressure, the proposal suggests outsourcing the relevant functions to third-party teams and recruiting teams that meet transparency and accountability standards through a Request for Proposal (RFP) process, thereby optimizing the operational efficiency of the DAO.