ChainCatcher news, according to official sources, Sonic Labs (formerly Fantom) announced that its Sonic Gateway is now live, allowing users to bridge USDC, EURC, WETH, and FTM from Ethereum to Sonic.In addition, Sonic Labs also announced a partnership with Immunefi to launch a $2 million bug bounty program.

ChainCatcher news, according to the official announcement, Binance will support the token swap of Fantom (FTM) and the rebranding to Sonic (S).Therefore, Binance will stop trading and delist all existing FTM spot trading pairs (FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT) on January 13, 2025, at 11:00 (UTC+8), and will automatically cancel all open orders.Binance will open spot trading for S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT on January 16, 2025, at 16:00 (UTC+8).

ChainCatcher message, according to monitoring by Spot on Chain, a certain whale address spent 420 wstETH (approximately 2 million USD) to buy 1.47 million FTM 2 hours ago.

ChainCatcher news, Three Arrows Capital co-founder Zhu Su posted on social media that FTM rose from $0.959 to $1.283 to close long positions, HYPE rose from $5.778 to $12.773 to close long positions, and Ethereum (ETH) rose from $2766 to $3888 to close 50% of long positions.

ChainCatcher news, Slow Mist founder Cosine posted on X that a lending project on FTM, Polter Finance (@polterfinance), was hacked for 12 million dollars due to an "empty market" issue.

ChainCatcher news, Sonic Labs has released a simplified version of its white paper (Litepaper), disclosing that it is introducing token economics based on community governance proposals. The key points are as follows:Upon official launch, the circulating supply of S will be approximately 2.88 billion tokens, with a total supply of 3.175 billion tokens, comparable to the supply of FTM; six months after the launch, the network will allocate 6% of the initial total supply for airdrops to reward Opera and Sonic users, with vesting occurring within nine months after the airdrop; six months after the launch, the network will mint 1.5% of the initial total supply annually over six years to fund growth and will burn any unused tokens; starting four years after the launch of Sonic, the annual inflation rate will be 1.75% to reward validators.

ChainCatcher message, Sonic Labs announced the winners of Meme Season Round 2 on X, which are: @HOOPS_is_Sonic, @theFantomgoat, @fantomsonicinu, @MCLBfbombsFIERY, @TangoJRT, and @TinHat_Cat, who will receive a reward of 750,000 FTM.

ChainCatcher message, according to monitoring by 0xScopescan, another newly created wallet received 16.7 million FTM (6.5 million USD) from 21Shares Fantom ETP.

ChainCatcher news, the Fantom Foundation announced on social media that it has distributed sFTMx rewards to the winners of the first round of Meme Season, with a total prize amount of approximately $500,000, of which 80% is awarded to holders.Previously, on July 9, the Fantom Foundation announced the list of winning projects for the first round of Meme Season, with HOOPS in first place, THC in second place, and sGOAT in third place.

ChainCatcher news, according to Bitcoin.com, the Fantom Foundation has allocated 200 million FTM (approximately 120 million USD) to support partners migrating to its new Sonic network, including funding for native applications, strategic DApps, and infrastructure tools. (Bitcoin.com News)Previously, the Fantom Foundation announced on the X platform that the third Sonic governance proposal had been approved, which includes content such as ecosystem grants, a new token burn mechanism, and innovative programs like Sonic Spark and Sonic University.It is reported that over the next six years, the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs to manage the network growth between DApps, BD partnerships, and the ever-growing existing and new user communities.Additionally, if the community decides to keep the inflation rate at 1.5% each year for six years, then 47,625,000 tokens will be minted each year (3,175,000,000 x 1.5%). If Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will burn the remaining tokens (42,625,000).

ChainCatcher news, according to the official announcement from the Fantom Foundation, the Fantom Foundation has announced the establishment of the Sonic Labs Innovators Fund, which will invest up to 200 million FTM to attract more innovative mainstream dApp applications to migrate to the Sonic network.

Chain Catcher news, according to Scopescan monitoring, a certain whale spent 2.9 million USDC to buy 3.7 million FTM on 1inch. As of today, it has exchanged all USDC for FTM.

ChainCatcher news, the Fantom Foundation announced on social media the launch of the Meme Season event, focusing on the Opera and the upcoming Sonic major meme coins. The Meme Season aims to attract new users and developers, giving them the opportunity to experience Fantom's innovative technology.It is reported that the Meme Season offers a prize pool of 10 million sFTMx, which will be conducted in multiple rounds. The first round is scheduled to take place from June 1 to June 30, providing a prize pool of 1 million sFTMx (FTM staked through Beethoven X).

ChainCatcher news, the Fantom Foundation announced on social media that the community has voted in favor of its first proposal regarding the upcoming Sonic chain, with a support rate of 99%. FTM will be compatible with Sonic's new token S, allowing for a 1:1 exchange upon its release.The Fantom governance forum shows that community members have initiated a series of governance proposals regarding the Sonic network, currently seeking community feedback on the proposed changes, plans, and initiatives. The proposal states that Sonic will be a brand new L1 chain and will bridge natively to chains like Ethereum through an L2 cross-chain bridge. According to the results of the first governance vote, FTM holders will be able to migrate to Sonic's native token S at a 1:1 ratio at the genesis of Sonic.It is reported that with the new bridging architecture, Sonic will provide users and DApp developers with better performance than the existing Opera network. Fantom Operations Ltd has committed to continuously providing validator support for Opera, while Sonic Operations Ltd will support Sonic.In addition, the Fantom Foundation will allocate hundreds of millions of FTM from its treasury to support the development of the Sonic ecosystem, including marketing, business development, and migration grants.

ChainCatcher news, the Fantom Foundation has announced the details of the new blockchain network Sonic Network. Sonic will be a brand new Layer 1 blockchain and will connect to Ethereum through a native cross-chain bridge. According to the results of the governance vote, existing FTM token holders will be able to migrate to Sonic's native token S at a 1:1 ratio at the genesis of Sonic.With advanced bridging architecture, Sonic will provide significantly better performance for users and dApp developers compared to the existing Opera network. At the same time, the Fantom operating company has committed to continuously providing validator support for Opera. The Fantom Foundation will also allocate hundreds of millions of FTM from its treasury to support the development of the Sonic ecosystem, including marketing, business development, and migration grants. The foundation will soon initiate a series of governance votes to ensure community support for the transformation plan and to collectively shape the future of the Sonic network.Additionally, Fantom Sonic is the next generation of the Fantom network, set to replace the previous Fantom Opera, which can be understood as Fantom 2.0. Fantom Opera includes a new client, validator side, virtual machine (FVM), Carmen database, and an optimized Lachesis consensus mechanism, which will significantly enhance the execution efficiency of the original Fantom.

ChainCatcher news, Lookonchain monitoring indicates that a smart money address that previously made a profit of 1.67 million USD trading FTM has recently purchased three altcoins: MKR, FTM, and PEPE. On May 7, this address spent 726 ETH (2.26 million USD) to buy 3.18 million FTM; three hours ago, the address spent 1.25 million USD to purchase 464 MKR at a price of 2697 USD; on May 8, the address also spent 558,000 USD to buy 70 billion PEPE.

ChainCatcher news, according to the AICoin Chinese channel monitoring, the smart whale address 0xdf8...5133 sold over 8 million dollars worth of FTM for FET yesterday.0xdf8...5133 accumulated 7.7121 million FTM from November 2023 to early March 2024, with an average price of 0.58 dollars; on March 26, it sold 7.6721 million FTM (worth about 8.4706 million dollars) at an average price of 1.1 dollars, realizing a profit of 4.012 million dollars.On March 26, 0xdf8...5133 bought 2.7395 million FET (worth about 8.0536 million dollars) through MetaMask at an average price of 2.94 dollars, currently with an unrealized profit of about 382.7 thousand dollars.

According to the official announcement, Binance will launch the BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, RNDR/BRL spot trading pairs on March 27 at 21:00 (UTC+8).In addition, Binance will open trading bot services for the following trading pairs on March 27, 2024, at 21:00 (UTC+8): spot grid, spot DCA (Dollar-Cost Averaging), smart holding: ETHFI/USDT; spot algorithmic orders: BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY, RNDR/BRL.

ChainCatcher news, according to OKX market data, the FTM price has surged to $1.1, currently quoted at $1.1051, with a 24-hour increase of 17%.

ChainCatcher news, according to the official announcement, the Fantom Foundation has announced five award-winning projects from the Sonic Labs incubator, which are: the perpetual DEX project Lynx that supports any token as collateral, the social protocol Thunder Dome, the P2P lending platform Dēbita, the green tech startup KiriCoin, and the RPG blockchain game Froqorion.It is reported that the Fantom Foundation previously announced the launch of the Sonic Labs startup accelerator program, aimed at promoting innovation within the new Sonic technology stack of Fantom, providing resources and support for the next generation of Web3 entrepreneurs. The program will select five projects, providing each with funding support of 1 million FTM (approximately $294,000), as well as technical support, co-marketing, and mentorship.