ChainCatcher news, Stronghold Digital has agreed to pay $4.75 million and 25 bitcoins to settle a class action lawsuit accusing it of exaggerating its bitcoin mining capabilities during its 2021 IPO. According to court documents, the settlement agreement was reached after a year of mediation and will be paid in installments over the next 24 months in bitcoin.The lawsuit was filed in April 2022 by plaintiffs in the Southern District of New York. Under the proposed settlement agreement, Stronghold and the underwriters (the group of investment banks responsible for Stronghold's 2021 IPO) agreed to pay compensation in cash and bitcoin after a year of mediation. The value of the bitcoin portion is based on the current bitcoin price (around $90,000), amounting to approximately $2.2 million.

ChainCatcher news, the cryptocurrency mining company Bitfarms has signed a second hosting agreement with the American Stronghold Digital Mining to expand its operations at its facility in Pennsylvania. The initial terms of the agreement will expire on December 31, 2025, after which it will automatically renew annually. Additionally, Bitfarms will pay Stronghold 50% of the miner profits each month.Bitfarms CEO Ben Gagnon stated that the 20,000 miners on site will enhance efficiency and continue to improve the overall efficiency of the company. Previously, Bitmain signed the first hosting agreement with Stronghold in September, when it added an initial 10,000 miners to its Panther Creek facility in Pennsylvania. (Cointelegraph)

ChainCatcher news, according to Lookonchain monitoring, a certain whale is going long on AAVE. 9 hours ago, it bought 31,173 AAVE (approximately 4.8 million USD) and deposited it into Aave, then borrowed 2.7 million GHO from Aave and exchanged it for USDC.After that, the whale deposited USDC into Coinbase to purchase more AAVE.

ChainCatcher news, according to a statement from the Australian police, the Australian police seized $6.4 million worth of cryptocurrency in an operation against the encrypted communication network Ghost, which authorities described as "specifically designed for organized crime." The seized cryptocurrency has been transferred to a secure cryptocurrency storage of AFP, and authorities will seek permanent forfeiture.

ChainCatcher message, in response to Ethereum co-founder Vitalik's high praise for Celo, on-chain detective ZachXBT commented: "I have yet to see a real user of Celo; it is a 'ghost chain' integrated into the Optimism stack."Additionally, he expressed agreement with the views mentioned in the comments regarding Metal DAO and Celo utilizing the superchain mechanism to obtain OP ecosystem incentives.

ChainCatcher news, according to Scam Sniffer monitoring, about 3 hours ago, a trader lost $610,000 worth of rETH and stkGHO due to signing multiple "approve" phishing transactions.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, with operations set to begin on October 1, 2024, which will increase Bitfarms' hash rate by 2.2 EH/s.It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners, which will be renewed annually according to the terms of the hosting agreement until either party decides not to renew the contract.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media, "I have never sought a ghostwriter, whether for long articles or tweets."

ChainCatcher news, according to The Block, Aave Labs has proposed a temperature check proposal aimed at updating the GHO Stable Module (GSM) to integrate it with BlackRock's tokenized fund BUIDL. The main function of the GSM is to ensure that Aave's native stablecoin GHO maintains a 1:1 convertibility with other assets. The proposal suggests building a new instance of GSM that supports external integrations and related control mechanisms, specifically to support BlackRock's BUIDL. Currently, the proposal is in the temperature check phase and is receiving feedback from Aave governance members. If the community feedback is positive, AAVE token holders will vote on its implementation.BUIDL is a tokenized fund representing traditional assets such as cash and U.S. Treasury bonds. The proposal plans to achieve a 1:1 fixed exchange ratio between USDC and GHO, utilizing users' remaining USDC to mint equivalent dollar BUIDL shares. This could provide users with monthly BUIDL dividends, while the exchange fees will accumulate in the form of GHO stablecoin. Aave Labs stated that this implementation plan could enhance the capital efficiency of GSM while maintaining high standards of support, as USDC continues to back GHO. Furthermore, the integration of BUIDL with GSM could open new revenue streams for Aave DAO, expanding into the realm of physical assets and creating opportunities for future collaboration with leading global financial institution BlackRock.

ChainCatcher news, according to Cryptoslate, Aave Labs has proposed an update to its GHO Stable Module (GSM), which involves using shares of the BlackRock tokenized fund BUIDL to help maintain the dollar peg of its GHO stablecoin.According to the proposal, the new GSM will allow Aave to exchange user-provided USD Coin (USDC) for BUIDL shares to mint its ecosystem's native dollar-backed stablecoin GHO. These tokens will be held in a smart contract until users redeem their GHO for USDC. The value of BUIDL shares is stabilized at $1 per token, with daily returns paid to investors monthly. The fund allocates its assets to cash, U.S. Treasury bills, and repurchase agreements. According to data from RWA.xyz, BUIDL's assets under management (AUM) exceed $502 million.

ChainCatcher news, according to CoinDesk, Bitcoin mining company Bitfarms has announced its agreement to acquire competitor Stronghold Digital (SDIG) for $175 million.Bitfarms stated in a press release that the offer includes exchanging 2.52 shares of Bitfarms stock for each share of Stronghold, representing a 71% premium over Stronghold's 90-day volume-weighted average price on Nasdaq as of August 16. Stronghold indicated in May that it was exploring strategic alternatives, including the sale of the company.Previous news, as reported by Bloomberg citing informed sources, Bitcoin mining company Bitfarms is negotiating to acquire Stronghold Digital Mining Inc. for approximately $164 million, while also fending off acquisition attempts from Riot Platforms Inc.

ChainCatcher news, according to Bloomberg citing informed sources, Bitcoin mining company Bitfarms is negotiating to acquire Stronghold Digital Mining Inc. for approximately $164 million, while also fending off acquisition attempts from Riot Platforms Inc. Informed sources say that Stronghold shareholders will receive about 2.5 shares of Bitfarms stock for each share they hold. This deal includes the assumption of debt.Stronghold announced in May that it was considering selling the company and other alternatives, with a market value of about $66 million. Riot holds nearly 19% of Bitfarms and has made an unsolicited $950 million acquisition offer. Bitfarms rejected its acquisition proposal in April. To counter this acquisition attempt, Bitfarms has adopted a "poison pill" defense strategy to prevent hostile takeovers. After Riot attempted to replace three board members with its recommended candidates, the company is set to hold a special shareholder meeting on October 29.

ChainCatcher news, according to the Snapshot governance page, Aave Labs has initiated a temperature check proposal for "Aave Events and Sponsorship Funding 2024," requesting a grant of 650,000 GHO for activities for the remainder of 2024, with EthCC Brussels accounting for 45% and Devcon Bangkok accounting for 55%.

ChainCatcher news, according to official sources, Aave has launched the GHO stablecoin on Arbitrum.It is reported that GHO, the native multi-collateral stablecoin of the Aave protocol, will utilize the industry-standard Chainlink Cross-Chain Interoperability Protocol (CCIP), starting with Arbitrum as the first network and expanding to other networks over time.

ChainCatcher message, the official governance page shows that the Aave community has initiated the "GHO Cross-Chain - Part One" proposal, and on-chain voting is now open until June 22. This proposal suggests the cross-chain implementation of the GHO stablecoin (the native asset of the Aave protocol), initially expanding to the Arbitrum network using the Chainlink Cross-Chain Interoperability Protocol (CCIP).The proposal has been split into two separate proposals, and after DAO approval, the second proposal (Part Two) will be released to configure GHO on the Arbitrum Aave Pool, using the risk parameters set by Chaos Labs.

ChainCatcher message, Aave stated on social media that the cross-chain deployment of the GHO stablecoin (the native asset of the Aave protocol) is now open for voting, starting with the Arbitrum network.It is reported that the GHO cross-chain deployment is supported by the Chainlink Cross-Chain Interoperability Protocol (CCIP). The voting period will end on June 22.

ChainCatcher message, the NFT perpetual contract trading platform nftperp posted on X that the previous issue affecting the WETH clearingHouse contract has been resolved, and the involved funds have been restored, allowing trading to proceed normally. In addition, nftperp stated that a detailed incident report has been published on Discord.

ChainCatcher news, the NFT project Weirdo Ghost Gang has announced the launch of the Web3 game OUTA, and the waitlist is now open for applications. Game details will be released later.It is reported that Weirdo Ghost Gang launched its staking system on May 26, and the current staking rate has reached 42.8%.