ChainCatcher news, the decentralized lending protocol Liquity announced on social media that it will soon launch version V2, introducing a new LQTY staking module that breaks the traditional voting escrow (ve) system model. The new mechanism provides a sustainable community-driven model that prioritizes the interests of long-term stakers, with no dilution risk and no locking required. This mechanism has four main features: dual rewards, no long-term locking, increased voting power with long-term staking, and immutable yet flexible.Stakers can simultaneously earn rewards from both V1 and V2, including BOLD tokens and the opportunity to participate in LUSD; they can unstake at any time, providing greater flexibility; the longer the staking period, the more voting power accumulated, leading to greater influence; the core of Liquity V2 is immutable, but the voting model is flexible, with 25% of protocol revenue used to incentivize liquidity.

ChainCatcher news, according to DL News, Liquity executive Colin Platt stated that the company is about two months away from launching its new stablecoin BOLD. BOLD addresses some of the flaws that led to the sharp decline of LUSD over the past year and will grant the community a small degree of control. It is reported that BOLD will adopt borrower-chosen interest rates instead of a one-time fee like its predecessor, and it will also accept staked Ether as collateral.Additionally, by allowing selected developers to "copy" Liquity's BOLD code, Liquity hopes that the affiliated token can gain market share on the second-layer blockchain that handles an increasing number of Ethereum-based transactions.

ChainCatcher news, Nigel Green, CEO of deVere Group, one of the world's largest independent financial advisory and asset management firms, warned that the Federal Reserve must take bold action and implement a massive 50 basis point rate cut in September to address the impending economic storm.Nigel Green stated, "Current interest rates are at their highest in over 20 years, and there is no room for hesitation. A 25 basis point cut may signal a change in direction, but it is not the aggressive action needed to avoid a potentially disastrous hard landing. The case for a bold 50 basis point cut in September is clear. Such a move would strongly indicate that the Federal Reserve is serious about steering the U.S. economy away from the brink of recession. Following that, cutting rates by another 25 basis points in November and December would not only address current concerns but also lay the groundwork for sustainable economic growth." (Jin Shi)

ChainCatcher news, according to Jinshi reports, traders in the U.S. interest rate options market are taking on an emerging bet related to the Federal Reserve's interest rate trajectory: a potential cut of up to 300 basis points within the next nine months (which translates to 12 cuts at the conventional 25BP increments).In the past three trading days, positions in the options market related to the secured overnight financing rate indicate that these bets would profit if the Federal Reserve lowers rates to a low of 2.25% in the first quarter of 2025. Unless the U.S. economy suddenly falls into recession, this outcome seems unlikely. Considering that the market expects the Fed to cut rates by about 75 basis points during this period, this is an aggressive bet.Federal Reserve officials recently predicted a cut of only 25 basis points by the end of this year, and a total cut of 125 basis points by the end of 2025. Now, some are also starting to increase their bets to hedge against the consequences of tail risks, such as rapid and extreme rate cuts.

ChainCatcher message, OffchainLabs co-founder Steven Goldfeder stated on social media that the proposal for the permissionless verification protocol BoLD has been launched within the DAO. If the vote within the DAO passes for BoLD, it will go live on the mainnet in a few weeks.

ChainCatcher news, BitMEX co-founder Arthur Hayes stated that the current crypto bull market has just begun, and investors should boldly take a left turn, holding and increasing their positions.Hayes pointed out that 2024 is a crucial year, as several major countries will hold presidential elections. In particular, the United States, where the ruling Democratic Party will do everything possible to secure re-election in order to reverse the Republican policies. In an election year, if the public feels the economy is in recession, the incumbent president's re-election probability will drop from 67% to 33%. Therefore, the ruling party, which controls monetary and fiscal policy, can simply increase government spending significantly to boost nominal GDP growth and create an illusion of no recession.Data shows that U.S. government spending accounts for 23% of nominal GDP, meaning that as long as the government is willing to borrow money, nominal GDP can be manipulated at will. According to the Congressional Budget Office (CBO) forecasts, whether Biden or Trump takes office, the U.S. government's fiscal deficit will continue to expand in the future. Additionally, geopolitical conflicts surrounding the U.S. are escalating, and politicians are eager to continue providing billions of dollars in aid to allies.Hayes emphasized that as long as the government can borrow at rates lower than nominal GDP growth, politicians will continue to increase spending. Therefore, in the future, the scale of money printing will only become more exaggerated. He suggests that investors take full advantage of the recent cryptocurrency price pullback to gradually build their positions. As the summer in the Northern Hemisphere approaches, the volatility in the crypto market will also decrease, making it an excellent entry point for non-pre-sale round investors. Unless real interest rates turn positive, investors should remain optimistic and let the winners continue to run.

ChainCatcher news, Arbitrum developer Offchain Labs announced the official launch of its next-generation off-chain dispute resolution protocol Arbitrum BOLD testnet. BOLD aims to provide interactive fraud proofs in operation for optimistic rollup networks, marking a key step for Arbitrum towards fully permissionless verification and a higher degree of decentralization.It is reported that the BOLD protocol ensures the correctness of Arbitrum's state on Ethereum by allowing anyone to verify or challenge transactions brought back from Arbitrum to the Ethereum mainnet. It is now deployed on a public testnet, where validators can experience the operation of this cutting-edge protocol by submitting assertions to the Sepolia testnet. Offchain Labs is expected to propose activating BOLD on Arbitrum Sepolia soon, with voting conducted via Tally.

ChainCatcher news, the Arbitrum development team Offchain Labs has released a new verification protocol called Bounded Liquidity Delay (BoLD), which enables permissionless verification on Arbitrum.Ed Felten, co-founder and chief scientist of Offchain Labs, stated that the introduction of BoLD will eliminate the risk of delay attacks in this process, allowing anyone to become a validator without worrying about fraudulent activities. Offchain Labs plans to gradually release guidelines for running a test network with BoLD, and in the future, developers will be able to choose to use BoLD on their stable test networks.

ChainCatcher news, the Arbitrum development team Offchain Labs has launched a new permissionless verification protocol called "Bounded Liquidity Delay" (BoLD). Currently, Arbitrum relies on Ethereum to confirm the accuracy of its state, but BoLD will allow anyone to become a validator without the risk of delay attacks. BoLD can resolve all disputes within a single program, enabling the Arbitrum technology chain to safely open permissionless verification.It is reported that Offchain Labs plans to release instructions for running the Nitro developer testnet using BoLD in the coming weeks or months.

ChainCatcher news, according to Fortune, the crypto cybersecurity startup Olympix has completed a $4.3 million seed round financing, led by Boldstart Ventures, with participation from Robot Ventures, Shrug Capital, Konstantin Richter of Blockdaemon, and Tarun Chitra of Gauntlet Networks.Olympix is dedicated to building a crypto cybersecurity stack with AI-driven tools and is currently in the alpha testing phase. (Source link)

ChainCatcher news, according to TechCrunch, crypto security startup Hypernative has completed a $9 million seed round financing, led by boldstart ventures and IBI Tech Fund, with strategic investments from Blockdaemon, Alchemy, Borderless, CMT Digital, Nexo, and angel investors.It is reported that Hypernative was founded by Sagie and Dan Caspi, and in September 2022, the team launched its first product, Pre-Cog, which is a platform that monitors on-chain and off-chain data sources to predict threats before they occur. (Source link)

Chain Catcher news, the financial accounting software startup Tres for Web3 companies has completed a $7.6 million seed round financing, led by Boldstart Ventures, with participation from F2, Alchemy, New Form, Kenetic Capital, Blockdaemon Ventures, and Mantis. Fireblocks CEO Michael Shaulov and Chainalysis CEO Michael Gronager also invested.It is reported that Tres aims to improve the accounting processes of Web3 companies by collecting digital asset data from different wallets and accounts and consolidating it into its data platform. (The Block)