ChainCatcher news, the opening ceremony of the ABGA Founders Club was successfully held in Singapore. The establishment of the ABGA Founders Club marks a new phase in the investment incubation business layout of ABGA and ICC in early projects. During the event, the accelerator focusing on innovation in the Web3 application field, Imagine Creation Combinator (ICC), announced the successful establishment of its first ecological game fund------the ICC Gaming Eco Fund.This fund will focus on the Web3 gaming ecosystem, including but not limited to investments and incubation of projects in Web3 games, gaming infrastructure, (Ton) Telegram, and Kaia (Line) Mini Game ecosystems. This round of financing has received strong support from several well-known investment institutions, including Kaia Foundation, NEO Foundation, Waterdrop Capital, DepinX, and support from individual angel investors, as well as strategic support from ABGA (Asia Blockchain Gaming Alliance).In the future, ICC will continue to focus on, support, and accelerate early-stage quality projects in the Web3 innovation application track, including AI, Social, DePin, RWA, and other directions, establish dedicated track funds, and select quality projects for incubation and support from the market through collaboration with mainstream public chains, conducting customized acceleration camps, and hosting hackathons. The establishment of the ICC Eco Fund is an important milestone for ICC in promoting innovation and development in the Web3 application ecosystem, and also marks a further deepening of its influence in the global Web3 industry.

ChainCatcher news, Scroll core developer Sandy Peng responded on the X platform regarding concerns about points distribution and team wallets. He stated: When users bridge assets or interact with qualified protocols, points will automatically accumulate, and this process applies to everyone, including project and team wallets.Scroll can clarify the purposes of some of these wallets. The team and treasury wallets hold points, which are sometimes used to support the ongoing development and operation within the ecosystem. These wallets play a key role in running bridge contracts, ensuring fund security, and managing liquidity to ensure a healthy ecosystem experience.To prevent conflicts of interest, all co-founders and team members involved in the development of Scroll or the airdrop will not claim the airdrop, and there is no information advantage. The community is the sole beneficiary of the upcoming airdrop.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on X that they are hiring 16 people for 12 positions, recruiting globally, from technology to sales, and the team is rapidly expanding.

ChainCatcher news, according to the latest filings submitted to the Federal Election Commission, venture capitalists Marc Andreessen and Ben Horowitz each donated $2.5 million to a super PAC supporting Trump.The two founders of the venture capital firm Andreessen Horowitz (a16z) announced their support for Trump in July. It was previously unknown which Trump-aligned organization they supported. Andreessen also donated an additional $846,000 to Trump's campaign and the Republican Party, which is the federal government's limit.In October this year, Horowitz stated that although he does not know or support Vice President Harris's policies, he will also make a "substantial" donation to her campaign. No record of this donation has yet appeared in federal filings.

ChainCatcher message, Ethereum founder Vitalik commented on a meme about the visions of L1 founders and VCs. He stated that if an L1 public chain founder casually mentions "ultimate goals" (northstar) that include phrases like "the chain should be fast (chaingofast)" but does not mention words like "robust," "anti-censorship," or "decentralization," then they undoubtedly reveal their true priorities.

According to ChainCatcher news, on-chain analyst Yu Jin monitored that the 25 million LDO from Rune, co-founder of Sky Ecosystem (formerly MakerDAO), has finally been sold out today. The selling period for these LDOs lasted nearly 3 years, and most of the funds raised were used to purchase MKR.The 25 million LDO was sold at an average price of $1.87, with a total revenue of $46.73 million (221 times);Among them, the funds from the sale of 30.02 million LDO were used to repurchase 36,000 MKR, with an average purchase price of $833.

ChainCatcher news, the Chief Legal Officer of Variant Fund posted on X yesterday, stating that as U.S. regulators continue to crack down on the cryptocurrency space, many cryptocurrency founders are considering geofencing as a compliance strategy.In short, geofencing means blocking access to a product for people in specific "geographical locations" by creating a virtual "fence" around the product. If a company cannot comply with regulations, such as providing disclosures and KYC, it can serve as a backup compliance strategy.However, Chervinsky added, "Regarding the issue of regulatory uncertainty, this is a rather extreme solution—completely abandoning the U.S. market—but sometimes there is no choice." He noted that geofencing "is an extreme and costly measure to ensure compliance with U.S. laws."

ChainCatcher news, Web3 security and transparency platform g8keep and Gaslite co-founder Pop Punk announced on X the official closure of Gaslite, stating "this is the best choice at the moment."He explained: "g8keep has consumed all my energy since its launch a few months ago. If I can't fully commit to Gaslite, I feel it's not right to continue operating Gaslite. Looking ahead, my sole focus will be on g8keep. I believe what we are doing at g8keep has the potential to make a greater impact on the ecosystem than Gaslite.The past few months have been crazy. Even though gas fees have been at historic lows, Gaslite's business has never really slowed down. I am very grateful for the trust people have placed in my brand and their willingness to collaborate with Gaslite, even if it's just to save a small amount of money for their users."

ChainCatcher news, HackQuest will collaborate with Solar and the Solana Foundation to jointly launch the Solana Founders Fellowship, which will take place during the Solana Radar Hackathon. The Fellowship will start on September 20 and end on October 12, with rolling applications accepted during this period. The entire program will provide in-depth guidance to participants in areas such as technology, financing, and ecosystem support through multiple closed-door Office Hours and Workshops. The mentor team consists of members from the Solana Foundation and top project founders within the ecosystem, including Backpack co-founder Can Sun, Jupiter co-founder Siong, Drift co-founder Cindy, STEPN CRO Mable, Sonic co-founder Chris, Jambo co-founder James, Solayer core contributor Jason, Colosseum APAC head Cris, and SOON co-founder Joanna, among others. This session of the Fellowship Program will select 20 teams from the Chinese-speaking region. It is reported that this is the second Founders Fellowship Program organized by HackQuest in collaboration with Solana. In the first Fellowship, five teams won the Solana Global Hackathon Grand Prize, and several teams successfully secured follow-up funding.In addition, well-known investment institutions such as Coinfund, OKX Ventures, IOSG Ventures, Animoca Brands, SevenX Ventures, HashKey Capital, Find Satoshi Lab, Hash Global, and Gate Ventures will participate in Demo Day, providing project support and feedback. Teams selected for the Fellowship will also have the opportunity to receive a Travel Grant and be prioritized for selection in the Solana Hong Kong Founders House and to participate in the subsequent Solana X HackQuest Founders Bootcamp.Registration link: https://xsxo494365r.typeform.com/to/YB6H88tp

ChainCatcher news, according to Coindesk, Howard Winklevoss, the father of Gemini's founders, announced a donation of $4 million worth of BTC to his alma mater, Grove City College. This donation is the first Bitcoin donation received by the college and will be used to fund new business projects.

ChainCatcher message, Jupiter co-founder Meow released the J.U.P rough timeline on the X platform:There will be a J.U.P gathering tomorrow to discuss how to better advance Jupiter and meta as a community;The JuperPark event will be held on Friday, and a special episode may be created to detail all announcements;Discussions and voting on unclaimed JUP and ASR extensions will begin next week;The goal is to conduct key Jupuary extension voting at the beginning of the next quarter, along with key WG voting.

ChainCatcher news, according to official sources, the derivatives trading platform Derive (formerly Lyra) has announced the completion of its angel round financing, with participation from DCFGOD, EtherFi co-founder Rok Kopp, SPREEK, and others.Derive is a decentralized cryptocurrency options and perpetual contract trading platform that supports various financial applications and products for integrators, traders, and institutions, aiming to make its protocols and infrastructure easily accessible, paving the way for the next wave of on-chain innovation and breakthroughs.

ChainCatcher news, Udi Wertheimer, the advocate of OP_CAT and co-founder of Taproot Wizards, announced the upcoming launch of a new Bitcoin-native token protocol called CATNIP, based on OP_CAT recursive contracts.CATNIP allows the market to execute partial fill orders, enabling users to purchase the desired amount of tokens without needing to pre-split UTXOs. It allows for bidding, where users can specify that they want to buy a certain amount of CATNIP at a specific BTC price, and then let one or more sellers complete the transaction. As a result, the protocol will even allow for on-chain L1 AMM and liquidity pools. Due to Bitcoin's slow blocks and other issues related to transaction relay strategies, Udi believes that L1 AMM will not provide a good experience, but CATNIP will also allow for fast and secure off-chain AMM (for example, using CatVM).It is reported that CATNIP is under development and testing, and the team will launch the protocol when OP_CAT goes live on the Bitcoin mainnet.

ChainCatcher message, NDV co-founder Christian posted on social media, "I lost $500,000 on Friend.Tech.First, I know that all my profits come from community members who believe in and value the vision of decentralized social power.Second, I know that Racer (the founder of Friend.Tech) may not have the ability to develop a killer app, but I never thought he would so immorally 'harvest' the community. I thought the community could recover from this, but he completely destroyed any possibility for the CTO.I don't know what kind of due diligence Paradigm did on him, but this is undoubtedly a tragedy of this cycle."

ChainCatcher news, Base chain founder @jessepollak posted on the X platform stating that this week, 3 current or potential members of Congress have accepted on-chain donations on Base.

ChainCatcher message, Jupiter co-founder Meow posted a Jupiter spot stability update on X and called for community feedback. He stated: "A few weeks ago, I released and explained the stability issues of our spot products, including Swap, DCA, LO, and VA.As mentioned above, these issues were primarily due to the significant upgrades we made in the first half of the year to accommodate the massive growth of tokens and the market. We attempted to address important user experience issues and manage the workload and technical load of a set of APIs used across the entire ecosystem. Since then, we have been working hard to resolve these issues, including correcting dynamic configurations, optimizing MTS infrastructure to better serve APIs and internal users, increasing monitoring significantly, and making extensive changes to the LO/DCA systems.We still plan to fix some issues: dynamic slippage inference may be slow if the network is poor, it is not very effective for rapidly moving tokens, and the user experience during failures is not an ideal solution; pricing for tokens with lower liquidity remains a very challenging issue; there are delays during infrastructure upgrades; the execution speed of LO/DCA is still not as fast as we would like; we also have some significant upgrades coming, including a significantly improved version of dynamic slippage and limit orders. We encourage the community to provide feedback on this. We will strive to address every issue and resolve them in the coming weeks.