ChainCatcher news, Galaxy's Vice President of Research Christine Kim summarized the main points of the 144th Ethereum Core Developers Consensus Meeting (ACDC #144):Developers agreed to include a new code change EIP 7742 in Pectra, which allows the beacon chain to dynamically set the network's target and maximum blob gas limits. The inclusion of EIP 7742 indicates that developers may also increase the target and maximum blob gas limits in Pectra. However, some developers raised concerns during the call that incorporating additional EIPs (especially EIP 7742) would delay the activation of other Pectra code changes on the mainnet. Developers also discussed the testing progress of Pectra and PeerDAS development.L2 rollup Base developer Francis Li introduced the urgency and fundamental principles of increasing blob capacity in Pectra. Li suggested increasing the blob gas target to 5 and the maximum to 8, along with additional work at the network layer, such as implementing engine_getBlobsV1. Busa pointed out that the increase in blob capacity should be combined with the deployment of EIP 7742, which introduces a mechanism to dynamically set blob gas targets and maximum limits through CL. Busa stated that the current mechanism for setting these parameters is difficult to change, and introducing EIP 7742 would ensure that developers can easily adjust these settings in the future, such as upgrades like PeerDAS. However, Busa also noted that EIP 7742 requires additional work from the EL and CL client teams for deployment and could delay Pectra's timeline by 1 to 2 months. He urged developers to consider starting the work on deploying EIP 7742 as soon as possible to avoid unnecessary delays in the Pectra upgrade.

ChainCatcher news, Scroll core developer Sandy Peng responded on the X platform regarding concerns about points distribution and team wallets. He stated: When users bridge assets or interact with qualified protocols, points will automatically accumulate, and this process applies to everyone, including project and team wallets.Scroll can clarify the purposes of some of these wallets. The team and treasury wallets hold points, which are sometimes used to support the ongoing development and operation within the ecosystem. These wallets play a key role in running bridge contracts, ensuring fund security, and managing liquidity to ensure a healthy ecosystem experience.To prevent conflicts of interest, all co-founders and team members involved in the development of Scroll or the airdrop will not claim the airdrop, and there is no information advantage. The community is the sole beneficiary of the upcoming airdrop.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim published a summary of the 144th Ethereum Core Developers Consensus (ACDC) conference call.This week, developers discussed and coordinated modifications to the Ethereum Consensus Layer (CL). Developers agreed to incorporate EIP 7742 changes into Pectra, allowing the beacon chain to dynamically set the network's target and maximum Blob Gas fee limits; EF developer operations engineer Barnabas Busa stated that he plans to shut down Pectra Devnet 3 immediately; currently, Geth and Ethereum JS clients are ready, and the Lighthouse, Teku, and Nimbus clients on the CL side are also ready.

ChainCatcher news, according to Bloomberg, video game developer FractureLabs has filed a lawsuit against the well-known cryptocurrency market maker Jump Trading in the federal court in Chicago, accusing it of fraud and deception by manipulating the price of the DIO token.It is reported that FractureLabs originally planned to launch the DIO token on the Huobi exchange (now renamed HTX) in 2021 to raise funds. The company hired Jump Trading as the market maker for DIO and lent 10 million tokens to its subsidiary, while sending 6 million tokens to HTX for sale.The lawsuit claims that Jump Trading systematically liquidated DIO positions, causing the token price to drop to about 0.5 cents, creating millions of dollars in profits for itself. Subsequently, Jump repurchased about $53,000 worth of tokens at a significant discount and returned them to FractureLabs, after which it terminated the market maker agreement.

ChainCatcher news, stablecoin developer Hermetica has completed a $1.7 million seed round financing, led by UTXO Management. CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine, and numerous angel investors participated.Hermetica has developed the yield-bearing synthetic dollar USDh, which is issued on the Bitcoin network. The company intends to use this funding to strengthen the USDh ecosystem, such as through custodial partnerships and enhanced liquidity. Hermetica plans to use this funding to expand into other Bitcoin L2s in the coming months, such as Arch Network and Bitlayer.According to RootData, Hermetica Finance is a non-custodial structured product protocol for Bitcoin. The Hermetica treasury uses automated options yield strategies to generate risk-adjusted returns in Bitcoin and stablecoins.

ChainCatcher news, blockchain video game developer Azra Games has completed a $42 million Series A funding round, led by Pantera Capital, with participation from Andreessen Horowitz and NFX. Azra Games has raised a total of $68.3 million.Mark Otero, CEO and founder of Azra Games, stated that the $42 million will be used to develop a "world-class game," which will be available on the App Store, with the first game codenamed Project Legends.According to RootData, Azra Games is a blockchain gaming company aiming to create a mainstream collectible battle RPG. Its first game, Project Arcanas, is a fantasy collectible and fighting arena RPG where players can not only earn NFT collectibles but also build legions to engage in battles.

ChainCatcher news, according to official Starknet information, the total number of active Cairo developers on GitHub reached a new high since January 2023 in September 2024.

ChainCatcher message, the Uniswap Foundation announces the launch of the Unichain Developer Grant Program, focusing on three areas:Novel trading mechanisms: including innovative hooks and non-AMM trading mechanisms to enhance the trader experience;Innovations in DeFi experience: including service expansion and experience improvements in areas such as payments, commerce, insurance, finance, and asset management;Improvements in liquidity infrastructure: including hooks and other tools designed to enable LPs to manage liquidity more efficiently, flexibly, and easily, while reducing risk.

ChainCatcher news, Worldcoin recently shared an important project update in San Francisco. Developers stated that the project has "significantly" grown over the past five years, and the time has come to enter the next stage of development.At the upcoming "A new world" live event in San Francisco on October 17, Tools for Humanity (TFH) CEO Alex Blania and OpenAI CEO Sam Altman will discuss the global initiative's "meaningful updates" alongside key members of the Worldcoin Foundation and TFH.These key updates include improved digital technologies and methods to bring more users into the Worldcoin network, aiming to expand the project from the current approximately 7 million verified users to 700 million or even "more," while also providing essential tools to help everyone share in the "benefits" of the artificial intelligence era.

ChainCatcher news, according to Protos, Bitcoin developers recently disclosed details of a high-risk software vulnerability named CVE-2024-35202. According to senior core developers, over 13% of home and commercial computers executing Bitcoin rules globally are affected by a remote shutdown vulnerability.The vulnerability affects nodes running versions of Bitcoin Core prior to 25.0, allowing attackers to crash nodes by manipulating block transaction messages. The vulnerability originates from Core's compact block protocol, which uses shortened transaction identifiers to reduce internet bandwidth usage. Attackers can trigger conflicts in these identifiers, causing nodes to request complete blocks. While requesting complete, untruncated blocks is a security precaution, versions of the software prior to 25.0 have flaws in the logic for handling subsequent blocktxn messages.In short, nodes can be forced into an invalid state by manipulating logic gates, leading to a complete crash. Although there is no economic incentive for ordinary attackers, developers strongly recommend that node operators update to the latest version. The credit for discovering and disclosing this vulnerability goes to Niklas Gögge, and Bitcoin Core 25.0 has resolved this issue.

ChainCatcher news, Sonic Labs Chief Technology Officer Andre Cronje stated: "L2 as an application chain does not make sense for developers:Almost no infrastructure support at deployment (such as stablecoins, oracle, and institutional custody);No foundation or lab to provide assistance;Centralized architecture is vulnerable;Fragmented liquidity and forced through cross-chain bridges;Lack of user and developer community;Spending time dealing with the above issues instead of applications and users;Eliminating network effects;Still requires long transaction confirmation times (some providers are unwilling to cooperate);Developed in isolation (without collaborative teams).Application chains also severely underestimate the costs of infrastructure and compliance (browsers, hosting, trading platforms, oracles, bridging, toolkits, IDEs, on/off ramps, native issuance and integration, regulation, compliance). In 2024 alone, $14 million has already been spent, a significant portion of which is recurring costs."

ChainCatcher News: The Bitcoin staking protocol Babylon will host a Hacker House event in Bangkok from November 5 to 9, focusing on native Bitcoin staking, DeFi, and economic security.As a core ecological partner of Babylon, Rooch Network has been dedicated to pioneering new opportunities for native Bitcoin applications and Bitcoin yields. With the launch of the quasi-mainnet approaching, Rooch will further enhance the utility of BTC staked on Babylon. At this event, Rooch Network invites developers to join as a sponsor to explore the infinite possibilities of building innovative solutions on the Rooch & Babylon ecosystem.Selected teams will represent the Rooch ecosystem, and participants will not only receive dual resource support from Babylon and Rooch Network, but their demo will also be directly launched on Rooch's Grow Bitcoin Launchpad, unlocking more exclusive benefits.This Hacker House event will last for five days, divided into an online warm-up phase and an offline immersion phase.

ChainCatcher news, according to The Block, cryptocurrency venture capital firm Paradigm has announced a $20 million investment in its spin-off company Ithaca. Ithaca is developing a new Layer 2 blockchain called Odyssey, aimed at accelerating the development of blockchain technology.Paradigm's Chief Technology Officer and General Partner Georgios Konstantopoulos will serve as the CEO of Ithaca while retaining his position at Paradigm. Paradigm co-founder Matt Huang will serve as the chairman of Ithaca.The Odyssey Layer 2 is built on Reth and the OP Stack and is currently live on the testnet. Konstantopoulos stated that Ithaca is building a complete technology stack needed by developers and users for faster deployment and lower barriers to entry.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim summarized the key points from the 198th Ethereum Core Developers Execution (ACDE) call:Developers are debugging Pectra Devnet 3;Developers plan to launch Pectra Devnet 4 before next Thursday (October 17);There are 2 new EIPs in Pectra for consideration, namely EIP7782 and EIP7783, both aimed at improving L1 scalability.

ChainCatcher news, OKX announced a grant to the Bitcoin Developer Fund 2140 Foundation, with the specific grant amount undisclosed. This funding aims to promote the long-term security, resilience, and maintainability of the Bitcoin network.As part of its ongoing funding program, OKX has issued nearly $2 million in Bitcoin developer grants, focusing on the development of the developer ecosystem, as well as areas such as Bitcoin security and adoption.

ChainCatcher news, according to The Block, Bitcoin ecosystem stablecoin developer Yala has completed an $8 million seed round financing, led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Lab, and UTXO Management.The funds from this financing will primarily be used for team expansion, product development, and security enhancements, as well as preparations for the mainnet launch. Additionally, investors have committed to collateralizing over 2,000 bitcoins to Yala.It is reported that Yala's mission is to connect Bitcoin with major ecosystems through stablecoins as a medium, enhancing Bitcoin's liquidity. Its modular architecture allows Yala to deploy across EVM-compatible platforms (such as Ethereum) and non-EVM systems (such as Solana), thereby enhancing Bitcoin's composability and promoting the development of an open Bitcoin DeFi ecosystem. According to official sources, Yala's testnet will be launched next week.

ChainCatcher news, the Bitcoin native Layer 2 project Bitlayer has announced the preliminary shortlist for the first phase of its Developer Acceleration Program (Booster Grants Program), with a total of 11 projects passing the preliminary selection and entering the final selection stage.The Bitlayer Acceleration Program is part of the developer airdrop initiative Ready Player One, primarily aimed at ecological projects that are planned or have been deployed to Bitlayer. Starting from September 12, 2024, the Bitlayer Foundation will select outstanding ecological projects from the registered projects each month, with a maximum allocation of ecological incentives valued at $1 million.Currently, Bitlayer has officially announced the list of projects that passed the preliminary selection in the first phase, covering multiple sub-tracks such as BTC-Fi, AI, and gaming, which are:RollDex: A Bitcoin native perpetual contract and derivatives trading platform within the Bitlayer ecosystem.bullishs: The first full-chain advertising gaming platform using seamless trading technology.Cygnus Finance: The first modular real yield layer that combines non-EVM systems with the EVM ecosystem.DeAgentAI: A decentralized artificial intelligence agent incentive protocol that allows users to create and deploy their own AI agents.Desyn: A decentralized asset management protocol that allows users to create and manage customized portfolios based on liquidity pools through smart contracts.Fun Worlds: A Web3 gaming empowerment platform aimed at building a DAO-governed Web3 value interaction platform.Jasper Vault: A decentralized options protocol designed to provide users with intuitive, simple, and secure options products.Trusta Labs: Building a Web3 authentication system that combines PoH, reputation, and credit infrastructure.Umoja: Provides algorithmic trading liquid staking tokens Smartcoins based on BTC, ETH, and SOL, using DeFi strategies to achieve specific risk returns.UXUY: The first self-custodial multi-chain wallet based on Telegram, now live and supporting third-party Bot connections.Xenobunny: A pioneer in on-chain gaming and guilds.

ChainCatcher news, MEV infrastructure developer Semantic Layer announced the completion of a $3 million seed round financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, and Bankless Ventures.Semantic Layer aims to enhance the infrastructure for transaction execution through its Verifiable Aggregation Rules (VAR) and Verifiable Sorting Rules (VSR).Daniel Tong, co-founder of Semantic Layer, stated that the main purpose of this round of financing is to develop the core products of Semantic Layer and increase the market awareness of ASS.

ChainCatcher news, former Bitcoin Core developer Peter Todd denied being Bitcoin founder Satoshi Nakamoto on the eve of HBO's upcoming documentary about Satoshi Nakamoto. Peter Todd stated in an interview that the accusations from documentary producer Cullen Hoback are baseless.It is reported that there was a leaked video suspected to be from the HBO documentary, in which HBO believes Bitcoin Core developer Peter Todd is the Bitcoin founder Satoshi Nakamoto. However, the authenticity of the leaked video has not been officially confirmed, and there is a possibility of false information.

ChainCatcher news, according to Ember monitoring, 27 hours ago, the Cosmos developer Interchain Foundation sold 4,000 ETH (approximately $9.5 million) raised during the ICO in April 2017.In the more than 5 months from the end of April this year to now, they have sold a total of 15,100 ETH (approximately $37.09 million).The Cosmos developers raised approximately $17 million through the ICO in April 2017 (including 4,882.7 BTC and 246,891 ETH).