ChainCatcher news, Paxos released the transparency report for the stablecoin PYUSD for December 2024, disclosing unaudited data related to PYUSD. Key points include:The total circulation of tokens (TotalTokensOutstanding) has decreased again, reaching $497,959,719;The current market value of collateral in the total amount of U.S. Treasury collateralized reverse repurchase agreements is approximately $487,993,500, with a nominal position value of about $478,425,000;The current market value of collateral in cash deposits is approximately $21,401,062, with a nominal position value of about $21,401,062;The current market value of collateral in total net assets is $509,394,562, with a nominal position value of $499,826,062.

ChainCatcher news, Bitget released its third-quarter transparency report. The report shows that Bitget's registered user count has exceeded 45 million, a 400% increase compared to last year. According to CCData, Bitget's market share has risen to 11%, making it the fourth largest cryptocurrency exchange in the world by trading volume.In the third quarter, Bitget launched 12 popular tokens including CATI, MOCA, HMSTR, DOGS, and ZKL in pre-market trading, attracting 53,800 early traders with a total trading volume of $23 million. Meanwhile, Bitget's PoolX product has over 94,805 participants, with staking volume increasing by 100% compared to the second quarter, reaching a total staking amount of $2.3 billion. Popular staking pools include BGB, BTC, ETH, and USDT.Additionally, Bitget announced its official partnership with La Liga during the Token2049 event. Subsequently, it jointly announced a strategic investment of $30 million in TON with Foresight Ventures, further promoting the development of the TON ecosystem.

ChainCatcher message, Paxos officially released the PYUSD transparency report for September 2024, disclosing relevant unaudited data as of August 31, 2024, 05:00 Beijing time, including:Total Tokens Outstanding decreased to $709,794,225;The current market value of collateral in U.S. Treasury securities is approximately $111,598,980, with a nominal position value of about $110,718,542;The current market value of collateral in U.S. Treasury collateralized reverse repurchase agreements is approximately $585,329,040, with a nominal position value of about $573,852,000;The current market value of cash deposits is approximately $23,224,383, with a nominal position value of about $23,224,383;The current market value of collateral in total net assets is approximately $720,152,403, with a nominal position value of about $707,794,925.

ChainCatcher news, according to Solidot, since Elon Musk acquired its predecessor Twitter in 2022, the X platform has released its first transparency report. Unlike Twitter's previous reports, which were 50 pages long and published every six months, X's first report is only 15 pages.The data shows that in 2021, Twitter received 11.6 million reports and took action against 4.3 million accounts, of which 1.3 million accounts were banned. In contrast, X received 22.4 million reports in the first half of 2024 and banned 5.2 million accounts.Notably, X took action against only 2,361 accounts related to hate content, far fewer than Twitter's previous handling of 1 million hate content accounts. Turkey was the country with the most content removal requests, with X fulfilling 60% of those requests.

ChainCatcher news, Paxos officially released the PYUSD transparency report for August 2024, disclosing the unaudited data related to PYUSD as of September 1, 2024, 05:00 Beijing time, including:Total Tokens Outstanding reached $908,164,708;The current market value of collateral in U.S. Treasury securities is approximately $149,017,480, with a nominal position value of about $148,342,340;The current market value of collateral in U.S. Treasury repurchase agreements is approximately $619,324,620, with a nominal position value of about $607,181,000;The current market value of cash deposits is approximately $156,006,044, with a nominal position value of about $156,006,044;The current market value of collateral in total net assets is approximately $924,348,144, with a nominal position value of about $911,529,384.

ChainCatcher message, former Ethereum Foundation employee Hudson Jameson posted on X discussing the budget of the Ethereum Foundation. Hudson stated that the annual budget of the Ethereum Foundation (EF) is approximately $100 million, aimed at supporting various projects and activities globally. Some key expenditures that may be overlooked in the foundation's budget include:Global trademark protection legal fees to prevent scammers from using the Ethereum name or branding.A large number of servers and development infrastructure used by both internal and external protocol teams, such as hard fork testing, launch nodes, fork monitoring tools, and PSE infrastructure for setting up ceremonies.http://ethereum.org (not an operational website, but provides hosting, URLs, and pays fees to some key coordinators and contributors).Research collaborations, such as the VDF research conducted in partnership with Filecoin a few years ago.Devcon/DevConnectGrants: The foundation issues a significant number of grants each year, which constitutes a large portion of the budget.Salaries: Salaries for at least 200 people in each region of Ethereum.Regarding transparency, Hudson mentioned that many of the requests from people are reflected in the Ethereum report released in 2022. He suggested that instead of asking to stop funding the foundation, it would be better to directly request the relevant data they want to know.

ChainCatcher news, Bitget released its second quarter transparency report. In the second quarter, Bitget's spot trading volume grew by over 10%, increasing from 28 billion USD in the first quarter to 32 billion USD in the second quarter. According to the Bitget Proof of Reserves (PoR) page, the number of BTC, USDT, and ETH held by users on the platform surged by 73%, 80%, and 153% respectively in the first half of this year. Additionally, the monthly visits in May and June exceeded 30 million, representing a growth of over 50% compared to the first quarter. Along with this data growth, there were a total of 2.9 million new registered users in the second quarter.In the second quarter, Bitget received 267 product suggestions and feedback from users, of which 180 were researched, evaluated, and implemented for optimization and upgrades, covering areas such as chatbots, front-end, and back-end. In terms of user service, a total of 672,590 user inquiries were received in the first half of the year, with an average response time of 3 minutes.In the second quarter, Bitget launched Poolx (staking mining) and the innovative product "Pre-market Trading," with 65 and 35 projects launched respectively, further meeting users' diverse trading needs.

ChainCatcher news, Paxos officially released the April Pax Gold (PAXG) transparency report, which discloses the unaudited financial data of PAXG as of April 30 at 5 PM Eastern Time. The main points include: the circulating supply of issued PAXG slightly increased to 184,251.712 tokens, the reserve gold slightly increased to 184,251.761 ounces, and PAXG maintains over-collateralization.PAX Gold tokens are a type of cryptocurrency stablecoin that allows financial market participants to trade tokenized London Good Delivery gold on the blockchain, with each token representing ownership of the London Good Delivery gold held in the vault.

ChainCatcher news, Ethena Labs officially released the custody proof for May to enhance the transparency of its project. The data shows that as of 10 AM UTC on May 24:USDe supply: $2.673 billionCustodian supported assets: $2.677 billionReserve fund: $42.3 millionTotal assets of the protocol account for 101.74% of the USDe supplyIn addition, the security agency Immunefi has set up a bug bounty program for Ethena. Discovering critical vulnerabilities in the Ethena smart contracts can earn a reward of 10% of the directly affected funds, up to a maximum of $3 million.

ChainCatcher news, according to the official release from Paxos, the PYUSD transparency report for March 2024 shows that as of April 1, 2024, 06:00 Beijing time, the main audit data is as follows:The total tokens outstanding amount to $188,485,924;The current market value of collateral in U.S. Treasury securities is approximately $14,870,700, with a nominal position value of about $14,800,748;The current market value of collateral in U.S. Treasury collateralized reverse repurchase agreements is approximately $177,991,076, with a nominal position value of about $174,501,000;The current market value of collateral in total net assets is approximately $192,863,328, with a nominal position value of about $189,303,301.

ChainCatcher message, Arbitrum released the 2023 transparency report, which includes: The Arbitrum Foundation grant program launched in July 2023 has received over 800 applications and has committed approximately $10.6 million to more than 50 projects (at prices as of December 31, 2023); the Foundation's full-time staff has increased from 5 to 20.

ChainCatcher news, Paxos released the USDP transparency report for December 2023. As of December 29, 2023, Beijing time, it disclosed unaudited data related to USDP, including: 1. Total Tokens Outstanding of approximately $372,639,175, a decrease of about $74 million from November, a decline of nearly 20%; 2. Market value of U.S. Treasury bonds of approximately $181 million, etc.

ChainCatcher message, Paxos released the November PYUSD transparency report, with unaudited data as of December 1st, 06:00 (UTC+8), including:Total Tokens Outstanding of approximately $156,753,068, a decrease of about 1.3% from October's $158,956,937;The current market value of collateral in U.S. Treasury reverse repurchase agreements is $160,590,905, with a nominal position value of $157,442,000;The current market value of collateral in other cash deposits held at custodial deposit institutions is $1,178, with a nominal position value of $1,178;The current market value of collateral in total net assets is $160,592,083, with a nominal position value of $157,443,178;It is reported that U.S. Treasury reverse repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to repurchase the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos can liquidate the U.S. Treasury collateral to cover the losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

ChainCatcher news, Paxos officially released the October PayPal USD (PYUSD) transparency report, disclosing the unaudited data of PYUSD as of November 1, 6:00 AM Beijing time, including: Total Tokens Outstanding of approximately $158,956,937; the current market value of collateral in U.S. Treasury collateralized reverse repurchase agreements is $162,719,629, with a nominal position value of $159,529,000; the current market value of collateral in other cash deposits held at custodial institutions is $1,944, with a nominal position value of $1,944; the current market value of collateral in total net assets is $162,721,573, with a nominal position value of $159,530,944.

ChainCatcher news, Paxos has released its first PYUSD transparency report, which discloses relevant unaudited data for PYUSD as of August 31, Eastern Time, including: total tokens outstanding of approximately $44.37 million; the current market value of collateral in U.S. Treasury reverse repurchase agreements of $43.86 million, with a nominal position value of $43 million; the current market value of collateral in other cash deposits held by custodial deposit institutions of approximately $1.5 million; and the current market value of collateral in total net assets of $45.36 million, with a nominal position value of $44.5 million.Paxos stated that U.S. Treasury reverse repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to repurchase the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos is able to liquidate the U.S. Treasury collateral to cover the losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

ChainCatcher news, according to Cointelegraph, Tether's transparency report shows that Tether currently has nearly $3.3 billion in liquidity buffer reserves, distributed across 15 blockchain ecosystems.As of August 24, Tether's total assets are $86.1 billion, total liabilities are $82.8 billion, and the reserve ratio exceeds 100%.

According to ChainCatcher's message, a screenshot of a conversation between an employee of the investment firm Arca and Aragon shows that the Aragon Association stated in a 24-page investigative report written by the cryptocurrency trading company Patagon Management LLC in June that it was considering "selling the project" to an undisclosed bidder at an unknown price.The undated report accuses Aragon of missteps over the years, including squandering its $180 million worth of crypto assets, and questions whether the organization complies with Swiss nonprofit laws.In response, an Aragon spokesperson neither confirmed nor denied the discussions about the sale and denied the "unverified allegations" in the report, stating that a transparency report will be released this month to address these claims.It is reported that in May of this year, Aragon canceled plans to hand over control of its treasury to token holders due to concerns about the influence of activist investors.

ChainCatcher news, [Arbitrum](https://www.rootdata.com/zh/Projects/detail/Arbitrum - Offchain Labs?k=MjczOA==) tweeted that the foundation sold 10 million ARB because it was established without funding, and the sale is to finance pre-existing contracts and cover recent operational costs. The foundation's existence is not for the purpose of selling tokens, and the tokens sold are only enough to cover its current operating expenses, with no plans to sell more tokens in the near future.Arbitrum stated that AIP-1 covers too many topics and will follow the DAO's advice to split AIP into multiple parts, allowing the community to discuss and vote on different sections; regarding the 750 million ARB to be transferred to the Arbitrum Foundation, the team will vote in its own AIP, and the team is also exploring adding more responsibilities, such as a four-year release period.At the same time, the tokens held by the foundation cannot be used for voting; given that AIP-1 does not discuss the transparency of fund usage, as part of the budget AIP, the team will provide a transparency report; due to the lack of DAO involvement in the special allocation plan, the team has renamed it to "Ecosystem Development Fund" and provided background information on how these funds will be used to develop the Arbitrum ecosystem, with the DAO able to initiate new grant programs from its treasury at any time. (Source link)