ChainCatcher news, QCP released a weekly summary stating that this week has been an exciting one for cryptocurrencies. BTC rose by 10.48%, reaching a high of $69,000, with the psychological barrier of $70,000 now within reach. There are no major macro data points to act as resistance next week.The inflow of BTC ETFs this week has been substantial. As of Friday, ETF inflows reached $203.3 million, and there has been a net inflow trend for six consecutive days. The continued inflow into ETFs indicates that institutional demand remains strong. With the SEC approving Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE) this morning, it is believed that this will provide the necessary liquidity for ETFs, attracting sustainable capital inflows.Bitcoin's market share currently stands at a multi-year high of 58%, a level last seen in April 2021. As it approaches the key resistance level of 60%, we believe this will lay the foundation for a strong recovery of Layer 1 (L1) tokens.As the U.S. stock market approaches historical highs, the yen continues to weaken, and with the U.S. elections approaching, risk appetite will only strengthen further. This will drive up risk assets and support the "Uptober" rebound narrative.

ChainCatcher news, according to Cointelegraph, the U.S. Department of the Treasury stated on October 17 that it has recovered $4 billion in "fraud and improper payments" in fiscal year 2024 by using artificial intelligence to sift through data. By adopting artificial intelligence, the amount of fraud recovered by the Treasury has increased nearly fourfold compared to the previous fiscal year, which recovered $652.7 million in fraudulent payments.

ChainCatcher news, Radiant Capital's official social media post reviewed that the protocol experienced a highly complex security vulnerability on the 16th, resulting in a loss of $50 million. The attacker exploited multiple developers' hardware wallets through highly advanced malware injection.During the intrusion, the front end of Safe Wallet (also known as Gnosis Safe) displayed legitimate transaction data, while the poisoned transactions were signed and executed in the background. This vulnerability occurred during a routine multi-signature emission adjustment process, which is conducted regularly to adapt to market conditions and utilization rates. DAO contributors strictly adhered to many industry standard operating procedures throughout the process. Each transaction was simulated on Tenderly to ensure accuracy and was individually reviewed by multiple developers at each signature stage. During these reviews, neither Tenderly nor the front-end checks in Safe showed any anomalies. To emphasize the importance of this, it was completely undetectable during the manual review of the Gnosis Safe UI and the Tenderly simulation of regular transactions, as confirmed by external security teams.Radiant Capital stated that it has been working closely with Seal911 and Hypernative and has implemented more robust multi-signature controls. The FBI and zeroShadow are fully aware of the violations and are actively working to freeze all stolen assets. The DAO is deeply disturbed by this attack and will continue to work tirelessly with relevant agencies to identify the attackers and recover the stolen funds as soon as possible.

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 news, DWF Labs co-founder Andrei Grachev posted on social media: "Don't worry, the crypto market is fixing itself."

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the apparent demand for Bitcoin is recovering. Apparent demand is an on-chain metric used to compare changes in issuance and inventory. Specifically, the apparent demand for Bitcoin measures the difference between the BTC mining issuance and the supply of tokens that have been idle for over a year. Ju emphasized that if the reduction in inventory exceeds the issuance, it indicates that apparent demand is increasing.

ChainCatcher news, NFT artist DeeKay updated on the "wallet theft" incident, stating that the identity of the thief has been determined and the funds can be recovered.DeeKay did not specify who stole his funds but mentioned it was someone very close to him. The thief had access to a piece of paper where DeeKay had written down the seed phrase, so this theft did not involve hacking through Google Drive, malware, or similar means.Previous news, DeeKay stated last week that all wallets were stolen, and all the savings earned as a Web3 artist were lost.

ChainCatcher news, according to Jinshi reports, SpaceX successfully used the "chopsticks" mechanical arm on the launch tower to catch the first stage Super Heavy rocket during the fifth Starship test flight, achieving an important goal of this launch mission. More than 2 minutes after the Starship launched, the first stage Super Heavy rocket separated from the Starship and began its return. More than 6 minutes after the Starship launch, the first stage was successfully caught by the "chopsticks" mechanical arm on the launch tower. This is SpaceX's first attempt to recover the first stage of the Starship. Next, the second stage of the Starship will continue to fly, preparing for a controlled splashdown in the Indian Ocean.

ChainCatcher news, Cobo co-founder and CEO Shen Yu posted on X: "Recently organized a batch of old addresses from 1000 days ago, some of which still have funds in the old contracts, but the front end does not display them. Thanks to Arkham for the timely reminder to help recover these funds. I truly feel the warmth and progress of the industry."

According to ChainCatcher news, the official announcement states that the gradual release is considering including the asset list for future grayscale investment products, which includes Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL ex. MATIC), Sei (SEI), Starknet (STRK), Toncoin (TON), TRON (TRX), Aerodrome (AERO), Ethena (ENA), Injective Protocol (INJ), Jupiter (JUP), Mantra (OM), Ondo Finance (ONDO), Pendle (PENDLE), THORChain (RUNE), Dogecoin (DOGE), Immutable (IMX), Akash (AKT), Arweave (AR), Artificial Superintelligence Alliance (FET), Helium (HNT), Pyth (PYTH), UMA Project (UMA), VeChain (VET), Worldcoin (WLD).

ChainCatcher News: The newly established electronic fraud investigation unit of the Ohio Bureau of Criminal Investigation has recovered $130,000 from a cryptocurrency scam, marking its first victory. The unit was created to address the increasingly complex cyber financial crimes, particularly those involving cryptocurrency.

ChainCatcher message, ZachXBT posted that 11 high-confidence wallets have been found related to MEME token KOL Murad Mahmudov. These wallets hold approximately 24 million dollars in meme coins on Ethereum and Solana for the community to monitor his future activities.All funds in these wallets come from the same Ethereum address;The source of funds is directly related to the assets held by the STFX team address/multisig signers, which are similar to the content he has posted;Each Solana address continuously uses deBridge;

ChainCatcher news, Telegram founder Pavel Durov posted on his personal TG channel: "Yesterday I proposed 10 improvements for our application. We prepared the model the same day, and today, we already have a fully functional version that implements these features.These updates include 5 improvements for gifts, 3 improvements for tags, the ability to add media after sending a message, and the ability to view the message editing time. All of this took just one day."

ChainCatcher News: After the U.S. court approved the FTX bankruptcy reorganization plan, FTX will distribute cash to customers and creditors. At this stage, efforts are being made to finalize the arrangements for distributing funds to creditors in over 200 jurisdictions worldwide, and relevant agreements are being drafted. Additionally, a professional agency will be hired to recover debts from global customers.

ChainCatcher news, on the X platform, on-chain detective ZachXBT disclosed that he successfully assisted an elderly victim from the United States in recovering $275,000 in stolen funds. This case originated in April 2024, when the victim fell prey to an Indian phone scam gang impersonating Coinbase customer support, resulting in the theft of most of their savings.ZachXBT stated that the recovered funds have been seized by law enforcement and will be returned to the victim. During the investigation, ZachXBT discovered that the scam gang's activities extended far beyond this case. He pointed out, "I found that this gang had stolen over $5 million from other victims. These funds were transferred from Ethereum and Bitcoin to the Tron network through centralized exchanges, and then sent to over-the-counter (OTC) traders in the form of stablecoins."

ChainCatcher news, CryptoQuant analysts indicate that the liquidation of long positions may have established a local bottom. Although price sentiment remains bearish and technical indicators suggest the possibility of further declines, the liquidation levels of long positions in the Bitcoin futures market indicate that selling pressure has eased. During significant price drops, the number of contracts purchased often declines sharply due to liquidations, thereby alleviating the market's selling pressure.On October 1, over 4,000 BTC long positions were liquidated, marking the second-largest liquidation event of 2024 according to CryptoQuant data. Typically, these moments of high losses and liquidations form local bottoms, opening up space for short-term recoveries. Currently, prices may maintain the current range in the short term, but attention needs to be paid to the buying strength to reverse the downward trend.

ChainCatcher message, Andre Cronje, a board member of the Fantom Foundation and the current CTO of Sonic Labs (formerly Fantom), stated on social media that he just saw a project with a $1 billion TVL and a $1 billion FDV, which clearly uses the open-source code he wrote (under GPL3) and obtained a BUSL license.Andre Cronje expressed that he can accept not being recognized, can let them remove his name from the code, and can also accept that they do not mention him or the original project anywhere on the website or documentation, and he is willing to go to great lengths to rename certain concepts to avoid any association. However, taking something from open source and making it restrictive, while the project earns a lot of money from it, indicates that the changes in this field are much greater than he imagined.