ChainCatcher news, according to The Block, Across Protocol co-founder Hart Lambur proposed to permanently set a supply cap of 1 billion ACX tokens. If this proposal is approved by the community, Across Governance will relinquish all ownership control over the ACX tokens and set it to the 0x0 address to prevent any future minting or burning operations on the token supply.This move stems from previous criticisms by LayerZero Labs CEO Bryan Pellegrino regarding the Across token contract. Pellegrino pointed out serious issues with the contract, stating that its errors exposed an internal private burn function in the OpenZeppelin ERC-20 token implementation, allowing the contract owner to freely empty any wallet's tokens. He also noted that the Across Protocol and UMA protocol contracts have unlimited minting privileges.In response, the community believes this is more of a transparency issue rather than a security issue. Although Lambur initially denied these allegations, he later acknowledged that there were flaws in the design choices and stated that the new proposal reflects the "spirit of decentralization and transparency." The proposal is currently undergoing a temperature check vote, with a support rate as high as 99.5%.

ChainCatcher message, Coinbase announced that it will add support for Across Protocol (ACX) on the Ethereum network (ERC-20 tokens). In regions where trading is supported, users can transfer ACX through the Coinbase and Coinbase Exchange platforms. If liquidity conditions are met, trading will begin at 00:00 Beijing time on August 22.

ChainCatcher news, ZachXBT posted a community risk alert on Telegram, pointing out that the Across Protocol documentation link leads to a fake Discord server, which is suspected to have caused users to lose approximately $880,000 in aEthWBTC. Currently, the Across team has responded that they have removed the fake link.

ChainCatcher message, the cross-chain bridge Across Protocol airdrop governance Token ACX is now open for claiming. According to market data, ACX is currently priced at 0.08 USD. (Source link)

ChainCatcher news, the cross-chain bridge Across Protocol token ACX will officially launch on the Layer 1 network tomorrow. Across has announced the addresses of its token on Ethereum, Optimism, Arbitrum, Boba, and Polygon chains, and stated that the community has coordinated an ACX liquidity solution, which will be announced soon.

ChainCatcher news, the cross-chain bridge Across Protocol has raised $10 million at a valuation of $200 million, with participation from Hack VC, Placeholder, and Blockchain Capital. The investment was made in the form of these three venture capital firms purchasing 50 million ACX from Risk Labs under the "Success Token" scheme. Each token will mature on June 30, 2025, returning 1 ACX and a call option for 1 ACX priced at $0.50.It is reported that the Success Token is a fundraising solution proposed by the synthetic asset protocol UMA, allowing funds to be raised without providing token discounts. (source link)

ChainCatcher news, the cross-chain bridge Across Protocol announced that it will officially launch its native token ACX at 22:00 Beijing time on November 28.In October, Across Protocol opened the airdrop query page. It is reported that Across will mint a total of 1 billion ACX and distribute 125 million ACX to users who have contributed to Across through airdrops. (source link)

ChainCatcher news, the cross-chain bridge Across Protocol has opened the airdrop query page. Participants in the Bridge Traveler program (users who first used Across before September 1), community members, early bridging users, and liquidity providers can check their airdrop eligibility.It is reported that Across will mint a total of 1 billion ACX, and will distribute 125 million ACX to users who have contributed to Across through airdrops. The airdrop snapshot for community members was completed on September 1, and the airdrop snapshot for early bridging users was completed on July 18. Liquidity providers are eligible to claim the airdrop by pooling ETH, USDC, WBTC, or DAI into the Across protocol before the token release. (source link)