ChainCatcher news, Matrixdock, a leading RWA tokenization platform under Matrixport, announced a partnership with Avalon Finance, making its gold token XAUm the first RWA token supported for collateralized lending by Avalon Finance. XAUm holders can stake XAUm on the Avalon Finance platform on the BNB chain to borrow USDT or USDC, with a collateralization ratio of 70%.Avalon Labs is building a premier on-chain financial center for the Bitcoin ecosystem, offering a seamless ecosystem that includes lending services backed by BTC, Bitcoin-supported stablecoins, yield-generating accounts, and diversified products such as credit cards.Matrixdock will continue to explore collaborations with industry ecosystem projects to create more application scenarios for its high-quality DeFi collateral asset XAUm, helping investors achieve higher capital utilization.

ChainCatcher news, according to The Block, the major upgrade Avalanche9000 for the Avalanche mainnet has been launched on the testnet, which reduces the chain deployment cost by 99.9%. At the same time, a $40 million Retro9000 retroactive rewards program has been introduced to incentivize developers to build Layer 1 blockchains and related tools on the testnet.This upgrade includes two important community proposals: ACP-77, which enhances the flexibility of Layer 1 validators, and ACP-125, which reduces the base fee by 96%.According to data from The Block, the trading volume of AVAX reached $1.9 billion in the past 24 hours, with the coin price rising over 8%. Avalanche Foundation CEO Aytunç Yildizli stated that this upgrade will drive enterprises within the ecosystem to establish self-controlled Layer 1 blockchains.

ChainCatcher news, according to Cointelegraph, recently Pump.fun faced community criticism for users spreading violence and harmful behavior through live broadcasts, leading to calls for enhanced content moderation or the shutdown of the live streaming feature. One user threatened during a live stream that they would self-harm if their token did not reach its market cap target; others threatened to commit domestic violence or even school shootings, with community members pointing out that the feature has become "completely out of control."Platform head Alon responded that Pump.fun has arranged for a team to review live streams, images, and comments around the clock, and is actively responding to the growing demand. However, the community is urging the platform to suspend the live streaming feature until moderation tools are improved and to take more transparent measures to prevent similar incidents from occurring.

ChainCatcher news, according to official sources, Bitcoin mining company HIVE Digital announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan Inc.It is reported that this latest acquisition is based on the announcement made earlier this month to purchase 6,500 Avalon miners, bringing the total number of new Avalon ASIC miners ordered by HIVE Digital in November to 11,500.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan's Singapore subsidiary has signed a procurement agreement for Avalon A1566 miners with HIVE Digital. Following the announcement, Canaan's stock price surged by 40%.According to the agreement, Canaan will provide HIVE with 6,500 units of the A1566 miners with a computing power of 185 TH/s, of which 500 units have been delivered and are planned for installation, while the remaining 6,000 units will be delivered in four batches from December 2024 to March 2025.In addition, HIVE Digital's 100 MW expansion project in Paraguay has commenced, expected to be operational in the third quarter of 2025, targeting a computing power of 12.5 EH/s, with a mining farm efficiency of 17.6 J/TH. As of now, Canaan (CAN) stock price has risen by 38% to $1.74, with a market capitalization of $499 million; HIVE Digital (HIVE) stock price has increased by 17% to $5.44.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan has signed a procurement agreement with HIVE Digital to provide 6,500 Avalon A1566 miners, with an average hash rate of 185 TH/s. Currently, the first batch of 500 miners has been delivered and is scheduled for installation, while the remaining 6,000 will be delivered in batches from December to March 2025. As a result of this news, Canaan's Nasdaq stock (CAN) rose 38% to $1.74.It is reported that HIVE Digital has announced the commencement of a new 100 MW expansion project in Paraguay, which is expected to be fully operational by the third quarter of 2025, with a target hash rate of 12.5 EH/s and equipment efficiency of 17.6 J/TH.

ChainCatcher news, Zypher co-founder Maggie Wang announced at the "DeInsight 2024" annual summit during the "Insights from Innovators" roundtable that the Zypher Network, in collaboration with Linea, has launched the world's first ZK-driven game-specific Layer 3 network, Zytron Pioneer, which has achieved stable operation after testing. Zytron Pioneer will kick off the L3 Player Carnival event this month in partnership with the Galxe platform, inviting players to win generous rewards such as game assets, stablecoins, and loyalty points through cross-chain bridging, gaming, and staking.Maggie stated that Zypher Network is the first project to combine ZK and AI technologies to build a universal data verification layer, focusing on the security and verifiability of game assets. Through ZK-Proof mining incentives, Zypher ensures data privacy protection and credibility, allowing Web 2.0 games to seamlessly migrate to the blockchain ecosystem. Its modular zero-knowledge proof technology and server abstraction support the public verification of each game asset's state, ensuring players have a high-quality gaming experience while enhancing the flexibility and efficiency of game deployment. Zypher Network aims to create more potential opportunities for on-chain gaming through these innovative technologies.

ChainCatcher news, Sushi CEO Jared Grey posted on X that tests show Sushi surpasses major aggregators on competitive networks in key metrics such as price, gas, and latency, and the aggregation volume is steadily increasing month by month.In addition, Sushi is about to announce a strategic acquisition that will enable it to introduce built-in invisible innovative DeFi primitives into the AMM and perps vertical.Earlier today, Sushi posted "Tomorrow" on X, possibly hinting at a significant announcement to come.

ChainCatcher news, the one-stop crypto financial service platform Matrixport announced that its brand name in Chinese has officially been changed to "Matrix Gate," and it has launched a new brand slogan "Invest and Earn Crypto."Matrixport's new brand name symbolizes the platform's ecological function as a crypto financial hub, dedicated to opening the door for users to enter the crypto world, creating a super account that integrates products and services such as crypto asset trading, investment, lending, custody, RWA, and research.The new slogan clearly conveys the platform's core value proposition, which is to help users invest in the crypto field and earn, achieving long-term sustainable asset appreciation and enjoying the potential benefits brought by crypto wealth.This brand upgrade by Matrixport also includes the optimization of products and app services to comprehensively enhance the user investment experience, further expanding and consolidating its position as a leader in crypto asset value management in the Asian market, aiming to provide higher quality services for more crypto users.

ChainCatcher news, according to Bloomberg, fintech company Revolut Ltd. is spinning off its €8.5 billion ($9.5 billion) wealth management product into a standalone app called Revolut Invest, seeking to compete with companies like Robinhood and eToro for a larger share of the retail investor market.The Revolut Invest app will initially offer nearly 5,000 assets, including U.S. and European stocks, exchange-traded funds, commodities, bonds, and new products such as contracts for difference. Rolandas Juteika, Revolut's regional head of wealth and trading, stated in an interview that the app is currently being tested in Greece, Denmark, and the Czech Republic, and is set to launch in other European Economic Area countries by the end of this year, with plans to double the number of assets available for trading.

ChainCatcher news, according to Bloomberg, UK digital bank Revolut Ltd. is spinning off its €8.5 billion ($9.5 billion) wealth management products into a standalone app called Revolut Invest, seeking to compete with companies like Robinhood and eToro for a larger share of the retail investor market.The Revolut Invest app will initially offer nearly 5,000 assets, including US and European stocks, exchange-traded funds, commodities, bonds, and new products such as contracts for difference.Rolandas Juteika, Revolut's head of regional wealth and trading, stated in an interview that the app is currently being tested in Greece, Denmark, and the Czech Republic, and will launch in other European Economic Area countries by the end of this year, with plans to double the number of assets available for trading.

ChainCatcher news, the open-source payment project UPCX wallet and testnet are officially launched today. You can currently receive URC-20 test tokens on the UPCX faucet "UPCX FAUCET" website. Test tokens can be claimed once every 24 hours, with 5 $UPC each time. Once successfully claimed, you can experience features like transfers within the wallet. Claiming test tokens requires block confirmation, and the confirmation time is only a few seconds.Currently, there is a referral invitation mechanism and a WebX2024 scratch card incentive activity plan for the launch of the UPCX wallet and testnet. You can use the referral code to recommend users to create wallet accounts and receive test token rewards. When the UPCX mainnet goes live, the referral rewards you receive can be exchanged for UPC Tokens at a 1:1 ratio on the mainnet.The official community is hosting an airdrop event of 100,000 UPC for the launch of the UPCX wallet testnet, currently valued at 180,000 USD. You are welcome to participate and experience lightning-fast transactions and ultra-low Gas fees.

ChainCatcher news, 10x Research founder Markus Thielen stated in an interview with CNBC that he expects more short-term volatility in the cryptocurrency market, but the possibility of Trump being re-elected as president and the upcoming FTX creditor payouts will provide support for year-end prices.

ChainCatcher news, OKLink released the August 2024 security monthly report, indicating that the cumulative losses from on-chain security incidents across the network amount to approximately $316 million. Phishing scams alone account for 93.37% of the total losses, totaling about $296 million, while REKT incidents account for 5.97% and RugPull incidents account for 0.19%.On August 19, a suspicious transfer involving 4,064 BTC occurred, amounting to approximately $238 million, and the funds were quickly transferred to multiple accounts including ThorChain and eXch. As of August 27, $205,000 has been recovered.OKLink reminds users to pay attention to protecting personal information and not to disclose your private keys or mnemonic phrases to anyone; phishing tweets may contain traps, and do not click on unverified links. Learn to use Web3 on-chain tools to mitigate risks, establish your own security operation procedures, and strictly adhere to them to ensure the safety of your funds.

ChainCatcher message, the Bitcoin ecosystem lending protocol Avalon Labs (formerly Avalon Finance) has launched on-chain CeDeFi lending, and by collaborating with CeFi institutions, it offers unlimited stablecoin lending with a fixed lending rate of 8%. The collateral is held by professional institutions, and the supported collateral includes FBTC and Bitcoin.Avalon Labs operates two business segments focused on Bitcoin: CeDeFi and DeFi lending, and will launch its lending stablecoin. Avalon Labs will serve both retail and institutional users, establishing a more comprehensive on-chain lending system.

ChainCatcher news, the decentralized lending protocol Avalon Labs has launched an on-chain CeDeFi lending platform, offering stablecoin supply at a fixed interest rate of 8%. The platform allows borrowers to repay loans at any time without penalties.According to RootData, Avalon Finance is a decentralized lending protocol based on the Merlin Chain. It consists of three key components: over-collateralized lending, derivatives trading related to lending, and algorithmic stablecoins based on lending.