ChainCatcher message, @RequiemSolana pointed out on social media that the JUP holders of the Jupiter platform voted in May this year to approve a "Reddit Working Group" proposal, which is dedicated to empowering the Jupiter community and conducting public relations operations for the platform on Reddit. The budget was $68,000 per quarter (equivalent to $272,000 per year). However, four months later, the subreddit operated by the working group has only 6 active users, including the administrators, with an average of 1 comment. This represents a customer acquisition cost of $11,000 per user, with extremely low engagement.Jupiter founder Meow later replied that the working group has actually ceased operations and has refunded $45,000 of unused funds to the DAO (which will be officially announced soon). The working group did actually make many interesting and meaningful attempts.

ChainCatcher news, according to OpenSea data, the reddit.eth domain was sold for 20 WETH (approximately $67,527).

ChainCatcher news, the Reddit platform shows that Roaring Kitty (Reddit ID: DeepFuckingValue) has posted on Reddit again after three years. The images displayed in the post show that he holds $65 million worth of Gamestop call options, with a strike price of $21 and an expiration date of June 21.According to Coingecko market data, the Meme coin GME on the Solana chain is currently priced at 0.01218 USDT, with a 24H increase of 233%.

ChainCatcher news, Reddit and OpenAI have announced a partnership to benefit the Reddit and OpenAI user communities in various ways:OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and interact with Reddit communities. To this end, OpenAI will access Reddit's data API, which provides real-time, structured, and unique content from Reddit. This will enable OpenAI's AI tools to better understand and present Reddit content, especially recent topics.This collaboration will also allow Reddit to bring new AI features to Reddit users and moderators. Reddit will build on OpenAI's AI model platform to turn its powerful vision into reality. OpenAI will also become a Reddit advertising partner.

ChainCatcher news, Vitalik Buterin quoted "Description of the Directed Stock Plan in Reddit's IPO (for U.S. citizens only)" on Warpcast, stating: "I strongly support Reddit's attempt at contributor ownership. I know this is entirely the fault of regulation, not Reddit itself, but it makes me sad. This is why we use cryptocurrency: it is a global economy."Previously, Reddit submitted an IPO application to the NYSE and stated that it would invest part of its excess cash reserves in Bitcoin and Ethereum, and may continue such investments in the future.

ChainCatcher news, social media platform Reddit has submitted an IPO application to the NYSE, with Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Bank of America serving as lead underwriters, and institutions such as Citigroup and Deutsche Bank also participating in the underwriting.According to the submitted documents, Reddit will invest part of its excess cash reserves in Bitcoin and Ethereum. In addition, Reddit also holds Ethereum and MATIC as payment methods for selling certain virtual goods, and may continue to do so in the future.

ChainCatcher news, according to Cointelegraph, KuCoin stated that it is communicating with users to resolve the issue of related users on Reddit being unable to withdraw funds from the exchange.It is reported that on February 21, several Reddit users indicated that they were unable to withdraw funds from KuCoin.

ChainCatcher news, according to The Wall Street Journal, social media company Reddit plans to reserve a portion of its IPO shares for its 75,000 most active users when it goes public next month, a move that is unusual in the stock market.According to sources, the company plans to set aside a certain number of shares for these so-called "redditors," although the exact number has not yet been determined.

ChainCatcher news, according to Reuters citing sources, the social media platform Reddit has signed a contract allowing an artificial intelligence (AI) company to train its models on content from its platform, worth $60 million annually.

ChainCatcher news, according to Reuters citing informed sources, the social media platform Reddit has developed a detailed plan to launch its initial public offering (IPO) in March and is seeking to sell about 10% of its shares in the IPO.Sources say that Reddit's IPO plans may be delayed as before.

ChainCatcher news, according to the official announcement, Worldcoin has launched a new protocol update---World ID 2.0, a more powerful and privacy-focused "humane" digital passport. World ID 2.0 makes it easier to distinguish between "bots and verified humans" online, while protecting the privacy of popular applications and services through new pre-built integrations.In addition, World ID has completed integrations with Minecraft, Reddit, Telegram, Shopify, and Mercado Libre. Previously, it completed integrations with Discord, Talent Protocol, and Okta's Auth0. As part of the upgrade, World ID will have three tiers, including Orb+ with facial verification capabilities. World ID 2.0 features a range of core upgrades that support returning the Orb to reset the World ID in case of loss.

ChainCatcher news, according to The Block, the Reddit r/cryptocurrency subreddit has relinquished control over the contract of the community token Moons. This decision was made after Reddit canceled its community points program that introduced Moons. Additionally, the responsible party burned 98,000 Moons tokens from the community pool, bringing the total supply down from approximately 126 million to 83 million, including previously burned tokens."This is an important milestone as the community has now ensured that there will be no further changes to the Moons contract in the future," the official statement from the Reddit subreddit read. Moons tokens are part of the subreddit community points program launched by Reddit in 2020, aimed at incentivizing user participation. Reddit announced the termination of the program in October.

ChainCatcher news, according to CoinDesk, the r/CryptoCurrency community on Reddit, which has 6.9 million users, removed the moderators of the subreddit trading the native token MOON just minutes before announcing the decision to end its community points program last Tuesday.MOON is an ERC-20 community points token that serves as a token incentive for users posting or commenting in the r/CryptoCurrency subreddit, and these tokens can be freely traded, tipped, or spent within the community for various purposes. Following Reddit's announcement, the token dropped over 85% to $0.0198.Regarding the handling of the MOON token, core contributor and founder of MoonsDust u/mellon98 stated that they are waiting for Reddit's decision on whether to transfer the contract ownership to the community or to move it to a burn address.

ChainCatcher news, according to The Block, on-chain analysts have indicated that at least two moderators associated with Reddit's cryptocurrency subreddit liquidated a significant amount of Moon before Reddit publicly announced the end of its community points program.On-chain analysts Pledditor and Lookonchain pointed out that one of the involved moderators has the username Mcgillby. Mcgillby transferred over 100,000 Moon through two separate transactions on the Arbitrum Nova blockchain, converting it to over $23,000 worth of ETH. The user subsequently deleted all previous Reddit posts. Mcgillby was identified as one of the top 20 Moon holders and a moderator. Another moderator, rider_of_the_storm, transferred 345,422 Moon (worth over $69,000 at the time) to a trading address just 17 minutes before Reddit's public announcement; that Reddit account has since been deleted.ChainCatcher previously reported that Reddit plans to terminate its blockchain-based community points reward service, Community Points, on November 8.

ChainCatcher news, according to Decrypt, regarding Reddit's plan to shut down its blockchain-based community points program on November 8, Kraken co-founder Jesse Powell believes that Reddit should "provide a redemption path" for the owners of its discontinued crypto community points.Powell claims that Reddit's decision "undermines the value of community points tokens without providing any compensation." He suggested that Reddit implement alternative ways to redeem tokens, allowing people to purchase collectible avatars with points at some ratio or in other ways, converting points to Karma, and offering special badges to people based on their holdings at the time of destruction.

ChainCatcher news, according to CoinGecko data, the Reddit r/CryptoCurrency community token MOON and the r/Fortnite subreddit community token BRICK have increased by 42.1% and 83.4% respectively in the past 24 hours.It is reported that the cryptocurrency exchange Kraken announced yesterday the listing of the Reddit community tokens Bricks (BRICK) and Moons (MOON), and opened deposits and withdrawals on the Arbitrum Nova network.

ChainCatcher news, the NFT project Cool Cats announced that it is participating in Reddit's Gen4 Collectible Avatars series, which will launch its limited edition NFT series on July 26 on Reddit.

ChainCatcher news, the native token MOON (r/CryptoCurrency Moons) of the Reddit platform has been listed on the cryptocurrency exchange Crypto.com. According to Coingecko data, the price of the MOON token has increased by 86% in the last 24 hours, currently quoted at $0.368.Yesterday, there were rumors that Kraken was considering listing MOON, but Kraken has now clarified that there is no such intention.Reddit MOON (r/CryptoCurrency Moons) is an ERC-20 token launched by Reddit administrators in 2020 on the Arbitrum Nova chain and is part of Reddit's community points program, which can be stored in Reddit's Ethereum digital wallet Vault.