AMO

The project leader of the Reddit collectible avatar NFT has resigned, raising concerns among users about the product's future

ChainCatcher news, according to Cointelegraph, Reddit Collectible Avatars project lead Bianca Wyler stated on LinkedIn: "My journey at Reddit has come to an end. While I am sad about this transition, I am incredibly proud of what I accomplished during that time." Reddit Collectible Avatars (RCA) NFT holders expressed concerns about the future prospects of the product upon hearing the news.Some Reddit users noticed that Wyler's recent comments on her Reddit account had been deleted, raising further concerns that her seemingly sudden departure might be a sign that the social platform will make adjustments to the avatar project. In an interview, Wyler revealed that her departure reflects a natural shift for social media companies as they explore new technologies and adjust priorities. Although uncertain about the direction of the RCA project, she believes Reddit will continue to work for the benefit of the community.RCA was launched in July 2022, marketed as limited-edition artwork created in collaboration with independent creators. According to Dune Analytics, the total number of NFT holders has now exceeded 33.5 million. Since peaking at the end of 2022, sales of these NFTs have struggled to keep up, with monthly secondary market trading volumes hovering around $100,000 in the last three months of 2024, and trading volumes have declined since their peak in 2022.

Hong Kong police dismantled a scam group that used deepfake technology to lure others into investing in virtual currency, with an involved amount of approximately 34 million yuan

ChainCatcher news, according to Phoenix News, the Hong Kong police recently dismantled a scam group that used deepfake technology to lure others into investing in virtual currencies through social media platforms, involving approximately 34 million HKD.The Hong Kong Police Commercial Crime Bureau arrested 31 individuals, aged between 20 and 34, some of whom claimed to be students and unemployed, based on intelligence last week in two industrial buildings in Kowloon Bay, related to the same scam group, and seized their pre-written "scripts." The group would recruit young people looking to "make quick money," training them to create accounts on dating platforms with fake identities, pretending to have good looks and a luxurious lifestyle, and getting to know individuals from overseas, including Taiwan and East Asia, chatting according to the "script." After understanding the other party's background, they would cater to their interests and develop into online lovers, even using deepfake technology for video calls, subsequently luring the other party to invest in virtual currencies, claiming substantial returns, and asking them to deposit into fake platforms. Once the group received the virtual currency, they would immediately transfer it away and cut off contact with the victims.Hong Kong Police Commercial Crime Bureau Acting Chief Superintendent Kong Hing-fun stated: "They rented two scam centers located next to each other in Kowloon Bay to disperse risks and increase confidentiality. Most importantly, we noticed that these two scam centers operated in two shifts, aiming to continuously attract more victims day and night. Never think that participating in some tasks of a criminal group is just a minor issue; even if you are only assigned to meet victims online without direct contact with virtual currency investment work, it is still illegal."The police stated that this scam group has been operating for at least a year, with criminal profits exceeding 34 million HKD. The mastermind of the scam group, the center's head, and key members, a total of five individuals, have been charged with conspiracy to commit fraud and money laundering, and were brought to the Eastern Magistrates' Court on Monday.

RootData: The total financing amount of the Web3 industry in 2024 reached 10.112 billion USD, with Animoca Brands becoming the most active investor with 95 investments

ChainCatcher news, according to statistics from the Web3 asset data platform RootData, the total financing amount in the cryptocurrency market reached $10.112 billion in 2024, an increase of 8.3% compared to $9.337 billion in 2023. A total of 1,548 financing events occurred throughout the year, with 102 merger and acquisition events, a 34.2% increase from 76 in 2023, setting a historical high. The average financing amount was $9.1352 million, with a median financing amount of $4.1 million. In terms of financing scale, the most projects were in the $1-3 million range, totaling 408, followed by 244 in the $5-10 million range and 219 in the $3-5 million range; in terms of financing rounds, seed rounds dominated with 426 occurrences.From the perspective of sector distribution, the infrastructure sector was the most favored by capital, with a total financing amount of $3.995 billion in 2024, an 18.2% increase from $3.379 billion in 2023; the DeFi sector ranked second with $1.493 billion, nearly doubling from $759 million in 2023; the gaming sector's financing amount increased from $669 million in 2023 to $813 million. Notably, the CeFi sector's financing amount decreased from $990 million in 2023 to $679 million in 2024. The largest financing event of the year was Stripe's acquisition of the stablecoin platform Bridge for $1.1 billion, followed by Bitcoin mining company Iris Energy's $413 million financing, and Avalanche's $250 million OTC financing.In terms of the activity of investment institutions, Animoca Brands topped the list with 95 investments, followed by OKX Ventures with 72 and MH Ventures with 56. In terms of leading investments, Polychain was the most active, completing 30 lead investments throughout the year, with Hack VC in second place with 24, and both Lemniscap and Animoca Brands completing 17 lead investments, ranking third.
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