ChainCatcher news, cryptocurrency research institution 10x Research has released a latest report stating that ETH is currently testing the upper boundary of a large triangle pattern. If the breakout is successful, the price is expected to first reach the 2024 high of $4092 and may further challenge the all-time high of $4812.The institution stated that the prediction of Paul Atkins potentially being appointed as the next SEC chairman seems to be coming true, and it is expected that under his leadership, a more favorable regulatory environment for the cryptocurrency industry will be created.

ChainCatcher news, the Web3 wallet infrastructure platform Triangle has been acquired by the stablecoin payment platform Bridge. As part of the deal, the Triangle team will join Bridge to help build a scalable stablecoin system. The financial details of the transaction have not been disclosed.Previous news, Stripe acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition deal in the crypto space.

ChainCatcher news, the cross-chain interoperability project Entangle announced on social media a significant adjustment to its token NGL unlocking plan, emphasizing that these adjustments are aimed at ensuring the long-term development of the project. They plan to unveil a new structural plan in the coming weeks to address the scalability challenges facing Web3.According to the new plan, private investors can choose to unlock all remaining tokens early on October 1, but must accept a 37.5% discount. Similarly, KOLs can also choose full unlocking, but the discount rate is 47.5%. The team token allocation remains unchanged, but 30% has been burned, and the unlocking period has been extended from the original 6 months to 12 months, with the total vesting period extended to 30 months. The deducted tokens will be deposited into a smart contract for marketing, grants, and project expenses.

ChainCatcher news, Entangle announced a significant reduction in the issuance of $NGL tokens and burned 25% of the team tokens to demonstrate long-term transparency.By burning 25% of the team tokens, the circulating supply is permanently reduced by 3%, and 2.5% of the liquidity supply is locked for one year. The $NGL token economic model now demonstrates the long-term sustainability needed to support the infrastructure.

ChainCatcher news, according to CoinGecko data, affected by the termination of cooperation with Entangle, the Meme token BORPA briefly dropped over 90%, currently priced at $0.006356.It is reported that the Meme token project BorpaToken announced the termination of its relationship with the cross-chain DeFi protocol Entangle. BorpaToken will take a snapshot and migrate to protect community interests and achieve the goal of becoming a blue-chip meme coin.

ChainCatcher message, the Meme project BorpaToken announced on X the termination of its collaboration with EntangleFi, having completed snapshots for Solana, Ethereum, Base, BNB Chain, and Arbitrum a few hours ago.The official statement indicates that BorpaToken will migrate to a new smart contract to completely detach from EntangleFi. Holders recorded in the snapshot will migrate in the coming days. Please note that BORPA tokens are now worthless.

ChainCatcher message, the cross-chain DeFi protocol Entangle states that the official X account of its team-developed Meme token project BorpaToken has been hacked, posting false airdrop information. Entangle reminds users not to click on any links. The team is in contact with X to resolve the issue.

ChainCatcher news, according to official sources, the cross-chain DeFi protocol Entangle announced in its Discord community that it will airdrop the meme coin BORPA to NGL stakers and Webverse stakers. Among them, 2% of the total BORPA supply will be allocated to NGL stakers, and 4% will be allocated to Webverse stakers. Users must submit their SOL address on the designated page to receive the airdrop.

ChainCatcher news, the cross-chain DeFi protocol Entangle has announced the integration of Solana into its Photon messaging protocol, aiming to extend Omnichain support to non-EVM. Currently, Entangle supports a protocol for trustless cross-chain messaging between the Ethereum Virtual Machine (EVM) ecosystem and non-EVM networks such as Solana.

ChainCatcher news, Entangle announces the launch of the Entangle Points Program, aimed at rewarding users for actively participating in the protection of the blockchain. It is reported that the Entangle Points Program is a comprehensive rewards system that incentivizes users to stake their NGL tokens with validators or relayers. By participating in this program, users can help maintain the security and efficiency of the Entangle blockchain while earning points that can be used within the ecosystem. The program aims to build a more engaging and secure community by directly linking points to NGL staking.

ChainCatcher news, the tokenized real-world asset (RWA) platform Untangled Finance, supported by Fasanara Capital, launched the first private credit pool on the Celo (CELO) network with French fintech lending institution Karmen on Thursday. The fund pool is structured under Luxembourg securitization regulations, with an initial debt ceiling of $6 million, allowing qualified investors to deposit USDC stablecoins.

ChainCatcher message, the cross-chain DeFi protocol Entangle mainnet has been launched, and it is currently starting infrastructure on the mainnet to integrate innovative products with protocol-agnostic solutions, aiming to establish a fluid, yield-optimized full-chain network.

ChainCatcher news, according to official sources, the DeFi protocol Angle Protocol has announced the launch of the dollar-pegged stablecoin USDA. Angle's USDA is backed by U.S. Treasury bonds and tokenized versions of those bonds. Holders of USDA collateralized on the Angle Protocol can automatically earn rewards from the reserve asset yields and the income generated by the protocol's lending platform.

ChainCatcher message, customizable interoperability infrastructure Entangle announced on platform X that it has received strategic investment from Consensys.

ChainCatcher news, the cross-chain DeFi protocol Entangle has announced that the NGL token airdrop claim page is now live on platform X.

ChainCatcher news, according to the official announcement, the cross-chain DeFi protocol Entangle has launched an airdrop plan. This plan is the first event among several airdrop activities, which will allocate a total of 1% of the token supply to reward early supporters.Among them, testnet users will receive a total of 1.25 million NGL in this event, testnet validator nodes will receive a total of 1.5 million NGL, and Webverse NFT stakers will receive a total of 5 million NGL.

ChainCatcher news, the cross-chain DeFi protocol Entangle has released the NGL tokenomics. The maximum supply of NGL tokens is 1 billion (to be achieved when the final Infra Reserve tokens are unlocked after 36 months), with an initial circulation of 21,565,000 tokens. Of these, 15% of the tokens will be allocated to the foundation; 12.8% will be allocated to the ecosystem; 41% will be allocated to the community and liquidity; 3.25% will be used for public sale; 27.95% will be allocated to strategic investors; and 3% of the tokens will be used for airdrops to reward users who contribute to the community for a period after the mainnet launch.