ChainCatcher news, the Lightning Network liquidity staking protocol UTXO Stack has completed its Series A financing with a valuation of $50 million, jointly invested by UTXO Management, CMS, and PAKA.After this round of financing, UTXO Stack will launch its first-ever large-scale airdrop incentive program targeting BTC liquidity within the Lightning Network in early January 2025. Subsequently, it will coordinate with the launch of the CKB Lightning Network Fiber Network mainnet to provide liquidity airdrop incentives for CKB and RGB++ related assets. The Token Generation Event (TGE) is expected to be completed in Q1 2025, marking the first TGE in the Lightning Network ecosystem.It is reported that UTXO Stack had previously completed a seed round of financing, co-led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.

ChainCatcher live report, Autonomys Network research head Chen Feng, CKB ecosystem fund research head Hongzhou Chen, LSP Finance marketing director Jessie, and Mind Network Asia-Pacific head Leon Li jointly attended the DeInsight conference and participated in a roundtable discussion titled "Identify opportunities in the new cycle of Crypto," where they had an in-depth discussion on the development characteristics of Crypto in this cycle, the development trends of Crypto after the U.S. election, and more.Regarding the current state of Crypto, the guests generally agreed that it is crucial to clarify what practical problems Crypto aims to solve. Jessie believes that more and more projects realize that providing a better user experience is more important than emphasizing technology. Leon Li stated that an important point for project development is to demonstrate to community members and ecosystem projects that you have confidence in long-term competition rather than short-term games.For future trends worth noting in Crypto, the attendees emphasized several sub-directions, including payments, AI, privacy, and the Bitcoin ecosystem. Chen Feng mentioned that he focuses on the integration of privacy protection technology with various infrastructures, especially the innovations in privacy protection in AI application scenarios.As for the Crypto market after the U.S. election, Hongzhou Chen indicated that Bitcoin has just broken the $80,000 mark, but this upward momentum may be a short-term phenomenon, and it is still necessary to observe whether Trump will fulfill his promises after taking office, as well as whether related policies can promote industry development.Remote participation 👉Live video link: https://www.youtube.com/live/tTVcUPumPysLive image link: https://www.pailixiang.com/album_ia7637038926.html(Source Chain

ChainCatcher news, CKB ecosystem fund research head Hongzhou Chen confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. CKB is the first Bitcoin Layer 2 that is fully isomorphic to BTC (based on PoW+UTXO), enabling BTC to have smart contract capabilities through isomorphic binding technology, empowering various assets on BTC.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with SoSo Value as a co-organizer, aiming to gather elite individuals from the Web3 field to exchange insights on the industry, and is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant ranking that objectively evaluates influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, official news, OKX Ventures in collaboration with BlockBooster will hold the "Next-Gen Web3 Growth Bootcamp" in Bangkok on November 11, 2024. The aim is to help Web3 founders, growth leaders, and KOLs master key skills such as cutting-edge growth strategies, economic model design, community building, and digital marketing applications.It is reported that this event will focus on practical experience for in-depth discussions, with an emphasis on the actual growth and sustainable development of projects. Participants will have the opportunity to engage face-to-face with top industry experts, receive personalized advice, and inject new development momentum into their projects.For the registration link, please click: https://lu.ma/3sis1czh

ChainCatcher news, the CKB Eco Fund announced on the X platform that the over-collateralized stablecoin protocol Stable++ has launched on the CKB mainnet, which will achieve the following functions: generating RUSD stablecoin through over-collateralizing BTC and CKB; the first over-collateralized stablecoin on CKB for the Bitcoin and RGB++ ecosystem; future support for CKB Lightning Network and BTC Layer 2 networks.

ChainCatcher news, the Web3 venture studio BlockBooster has officially launched BoostORA, a brand platform that integrates and promotes Web3 innovations and events. The first event, BoostORA: SEA Autumn 2024, will focus on activities held in Hong Kong and Thailand from October to November, aiming to provide a showcase platform for Web3 developers and creators, and to promote innovation and collaboration in blockchain technology.It is reported that this event will collaborate with multiple strategic partners to host several important activities centered around developers, including workshops, Demo Days, and more, to support the prosperity and development of the Web3 ecosystem.BoostORA will set sail from Hong Kong, driving collaboration to gain broader attention and interaction for Web3 events globally, accelerating the development of the global Web3 ecosystem.

ChainCatcher message, the FOCG Summer event, co-hosted by the full-chain game ecosystem Blade Games, the modular AI public chain 0G, and the venture studio Blockbooster, has successfully concluded, and the list of winners will be announced soon. A total of 741,000 addresses participated in this event, with daily active users exceeding 47,000.Event highlights:741,192 independent active wallets271,766 wallets interacted with the 0G Arbitrum Orbit Chain3,842,371 tasks completed1,165,776 transactions processedIn addition, the participating game Dune Factory will open beta testing next month after a version upgrade, and several other ZK on-chain games in the ecosystem will launch in October.It is reported that BlockBooster is an Asian Web3 venture studio, a trusted partner for outstanding developers, helping quality startup projects grow through strategic investment and deep incubation.

ChainCatcher news, according to CoinDesk, the non-custodial Bitcoin token ckBTC based on ICP will be integrated into the Cosmos ecosystem through Osmosis.Osmosis is collaborating with the Omnity Network established by ICP to provide services for bridging non-custodial BTC to Cosmos. ckBTC is a Bitcoin token that is pegged to the value of BTC at a 1:1 ratio.

ChainCatcher news, according to RootData, the Nervos Network token (CKB) has increased by 39.93% in the last 24 hours, currently priced at $0.014.According to RootData, Nervos Network is a Layer1 public blockchain ecosystem based on PoW consensus that supports smart contract development. It also includes a range of Layer2 scaling solutions to facilitate high-capacity use cases. Nervos's native token (CKByte or CKB) allows users and developers to apply for storage space on the Nervos blockchain in proportion to what they hold.Previous news reported that, according to official sources, Upbit will list Nervos (CKB), supporting KRW, BTC, and USDT trading pairs.

ChainCatcher message, according to the official announcement, due to the increase in Nervos (CKB) withdrawal volume, the withdrawal service on Bithumb is temporarily delayed, and user withdrawal requests are being processed in order.

ChainCatcher news, according to RootData data, the Nervos Network token (CKB) has increased by 44.77% in the last 24 hours, currently priced at $0.012.Previous news, according to official news, Upbit will list Nervos (CKB), supporting KRW, BTC, and USDT trading pairs.

ChainCatcher news, UTXO Stack announces its official transformation into a Lightning Network staking layer. It aims to provide better liquidity and a better yield model for the Lightning Network through a decentralized staking protocol.At the same time, UTXO Stack plans to launch a token incentive mechanism to encourage staking of CKB and BTC to enhance the liquidity of state channels. This transformation will push the Lightning Network towards the public by providing liquidity incentives, building a more scalable Bitcoin ecosystem.

ChainCatcher news, according to official sources, Upbit will list Nervos (CKB), supporting KRW, BTC, and USDT trading pairs.

ChainCatcher message, CKB releases the next-generation public lightning network Fiber Network light paper. Fiber Network is a next-generation public lightning network built on Nervos CKB and off-chain channels, providing fast, low-cost, and decentralized multi-currency payments and peer-to-peer transactions for RGB++ assets.Similar to the Bitcoin Lightning Network, Fiber Network operates as a layer-two payment channel expansion solution, conducting transactions off-chain to enhance transaction speed and reduce costs while maintaining the security and decentralization of the blockchain. Fiber Network supports multiple asset types; in addition to the CKB native token, any RGB++ asset can be paid on Fiber Network. The overall architecture of Fiber Network includes core modules such as off-chain payment channels, on-chain contracts, multi-hop routing, and monitoring services. Currently, Fiber Network has completed prototype development, achieving basic functionalities for creating, updating, and closing channels between two nodes, while also validating cross-chain functionality with the Bitcoin Lightning Network.

ChainCatcher news, according to The Block, the Web3 restaurant application Blackbird has launched a new payment platform called Blackbird Pay.It is reported that the platform is based on Blackbird's newly developed blockchain, Blackbird Flynet, and is a network that provides payment and billing settlement for restaurants. Customers can use Blackbird's reward points, FLY, to pay for their meals, while restaurants using the platform are required to pay a 2% transaction fee for each transaction. The launch of Blackbird Pay aims to change the previously expensive, cumbersome, and technically opaque payment situation, opening new pathways in collaboration with the dining industry.