ChainCatcher news, according to the official announcement from Beam, with the approval of the Avalanche community proposal ACP-77, the Etna upgrade will be implemented soon, affecting all subnets, including the Beam Network.After this upgrade, Beam Network will officially be referred to as a Layer 1 blockchain network, as it will free itself from more restrictions of the Avalanche network while still enjoying its infrastructure.

According to ChainCatcher news and Lookonchain data, Bitcoin, Ethereum, and Hyperliquid topped the list of mainstream blockchains with the highest TVL (Total Value Locked) growth in the past 7 days, increasing by $3.09 billion, $2.22 billion, and $1.87 billion, respectively. Following closely are Sui (+$232 million), Base (+$215 million), and BSC (+$135 million), Solana (+$68.97 million), Arbitrum (+$63.23 million), and Polygon (+$57.32 million).In addition, the TVL of Tron, CORE, and PulseChain decreased by $286 million, $152 million, and $41.93 million, respectively.

ChainCatcher news, according to official sources, DWF Labs announced the signing of a Memorandum of Understanding (MOU) with The Blockchain Center Abu Dhabi, aiming to strengthen the Web3 ecosystem across the Middle East. Specific initiatives include collaborating to launch an accelerator program to nurture early-stage cryptocurrency projects, providing ecosystem grants, and offering strategic consulting services to help projects achieve sustainable growth.DWF Labs will also support crypto builders in establishing partnerships to promote the development of crypto projects and their adoption in the Middle East.

ChainCatcher news, L1 blockchain XION announced a grant program called "Anti-Grant-Grant Program" in collaboration with Thrive Protocol, with a scale of up to $12.6 million. This program aims to change the donation and grant model in the traditional blockchain industry. Unlike traditional funding models, it is reported that this program adopts accountability to deter projects that receive funding but fail to achieve their construction goals.

ChainCatcher news, according to Cointelegraph, Société Générale has completed the first repurchase transaction using blockchain technology within the euro system central bank. This transaction was carried out in collaboration with the Banque de France through Société Générale's digital asset subsidiary, Forge.In the Forge transaction, the repurchase involved tokenized bonds issued in 2020 on the Ethereum blockchain as collateral, while the central bank digital currency (CBDC) issued by the Banque de France was exchanged as cash. Société Générale stated that this transaction demonstrates the technical feasibility of interbank refinancing operations on-chain: "It illustrates the potential of central bank digital currencies to enhance the liquidity of digital financial securities."It is reported that a repurchase transaction is short for a repurchase agreement, which is a financial transaction in which one party sells securities to another and agrees to repurchase them later at a predetermined price.

ChainCatcher news, Fireblocks has established a regional office in Tokyo, Japan, strengthening its influence in the Asia-Pacific region. Fireblocks expects the cryptocurrency market in Japan to grow by 54% from 2024 to 2032.Fireblocks will enhance its influence in Japan by hiring a sales, professional services, and product team dedicated to providing "solutions for Japanese enterprises." The company has established a local team and plans to hire more employees by 2025.

ChainCatcher news, Société Générale announced that it has signed a blockchain-based repurchase agreement with the French central bank, marking the first such tokenized transaction between the bank and the Eurozone central bank.In a press release, the bank stated that its digital asset subsidiary SG-Forge used some bonds issued on the public Ethereum blockchain in 2020 as collateral in exchange for central bank digital currency (CBDC) issued by the French central bank on its DL3S blockchain.Société Générale stated: "This transaction demonstrates the technical feasibility of conducting interbank refinancing operations directly on the blockchain. It highlights the potential of central bank digital currencies to enhance the liquidity of digital financial securities."

ChainCatcher news, the HashKey Gala Day co-hosted by HashKey Global and Blocktempo was held today during Taiwan Blockchain Week, featuring the Taiwan premiere of the documentary "Vitalik: The Story of Ethereum."Tim Xing, Board of Director of HashKey Global, and Francis Li, Head of Architect of HashKey Chain, along with well-known local professors, prosecutors, and lawyers attended the event and shared important stories about HashKey and the early development of Ethereum.HashKey executives stated that the team became aware of the Ethereum project in 2014 and funded the Ethereum Foundation with $500,000 in 2015 to help address cash flow issues at the time. This crucial funding played an important role in the timely launch of the Ethereum mainnet, becoming a legendary chapter in blockchain history.The event also featured the first screening of the documentary "Vitalik: The Story of Ethereum" for the Taiwanese community. This film chronicles the journey of Vitalik Buterin and the Ethereum community in their fight for an open internet. Notably, this documentary completed the largest crowdfunding in blockchain history in 2021, raising 1,036 Ether, providing ample budget support for the film's production.

ChainCatcher news, according to The Block, the decentralized internet connectivity platform Uplink has officially launched on the Avalanche blockchain, becoming the first decentralized physical infrastructure network (DePIN) project on this Layer 1 network. Uplink aims to promote the decentralization of internet connectivity by incentivizing users to share existing networks and deploy new infrastructure, especially in areas with insufficient network services.Uplink plans to launch the Uplink app in 2025 to verify router locations and support users in sharing real internet connections, while also releasing innovative features and launching a Layer 1 testnet on Avalanche to provide data consumption and transaction support for the ecosystem. In addition, Uplink also plans to launch a platform token to facilitate global data usage and transactions.

ChainCatcher news, according to The Block, the Web3 notification protocol Push Protocol announced plans to launch the Layer 1 blockchain Push Chain. The main features of this chain include wallet and gas fee abstraction, sharding, and sub-second transaction finality. The initial testnet for Push Chain is planned to be released in phases in mid-January 2025, with the mainnet to be launched later that year.

ChainCatcher news, blockchain startup Commonware has completed a $9 million funding round, led by Haun Ventures and Dragonfly Capital. Commonware has also received support from numerous well-known cryptocurrency developers, including Smokey the Bera from BeraChain, Zaki Manian from Cosmos, Sreeram Kannan from EigenLayer, Dan Romero from Farcaster, and Mert Mumtaz from Helius.Commonware is building an open, Rust-based blockchain framework designed for high throughput, ease of modification, and embedded interoperability. Similar to Cosmos-SDK, the Commonware framework will enable developers to launch their own blockchains.

ChainCatcher news, blockchain development company Settlemint announced that it has received an undisclosed amount of investment from Hashgraph Group (THG). Settlemint currently supports at least eight blockchains and plans to add Hedera integration.Settlemint's products include middleware designed to simplify the development details of DLT and accelerate solution development.

ChainCatcher news, the Beam Foundation announced plans to launch Beam Ventures in Abu Dhabi. This is the first venture capital fund in the Abu Dhabi International Financial Centre focused on the gaming sector, with a fund size of $150 million.The strategic positioning of Beam Ventures is at the intersection of blockchain, gaming, and artificial intelligence. Beam Ventures is committed to fostering innovation in these areas, aiming to redefine the gaming experience and drive industry growth.

ChainCatcher news, according to PRNewswire, blockchain development company ProvLabs, which provides infrastructure technology solutions, announced the completion of its seed funding round, led by Morgan Creek Digital and GateCap Ventures, with participation from Animoca Brands, BlockChange Ventures, CMT Digital, Medalist Partners, Serengeti Asset Management, The Operating Group, Thirdstream Partners, and Walden Bridge Capital. The specific funding amount and valuation information have not been disclosed.The new funds are intended to expand products and services such as the public Layer 1 blockchain Provenance Blockchain that supports RWA.Previously, Provenance announced the establishment of the SaaS and blockchain development company ProvLabs to provide financial institutions, service providers, platforms, and DeFi applications with the capability to operate on Provenance.