ChainCatcher message, the gmgn website has just suffered a malicious attack, with attack methods including high-frequency crawling and flood attacks among others. The development team is urgently conducting repairs, and the token details page's holding collection function and transaction activity record function have been restored. Other services are gradually being restored.

ChainCatcher news, the GMT team has released the iconic tag "#MGGA" on the official X platform, leading the market to speculate that this may be a signal for a large-scale GMT token burn by the team.Currently, the total circulation of GMT is 2.9 billion tokens, of which 800 million have been burned, accounting for approximately 27.59% of the total circulation.

ChainCatcher message, according to Onchain Lens monitoring, 2 hours ago, Paradigm Capital transferred 6,744,453 LDO to Coinbase again, worth 8.69 million dollars.So far, a total of 43.25 million LDO has been transferred in, worth 54.64 million dollars, with an average price of 1.26 dollars. Paradigm currently holds 26.74 million LDO, worth 34.21 million dollars.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa monitoring, Abraxas Capital Mgmt associated with the address starting with 0xEd0 is suspected of dumping $75.39 million of WBTC and ETH.In the past 4 hours, the address has deposited 200 WBTC (approximately $16.21 million) to Binance and 18,500 ETH (approximately $59.18 million) to Bitfinex.

According to ChainCatcher's message, on-chain analyst @ai_9684xtpa monitored that in the past hour, "smart money with a swing win rate of 86.7%" bought 1,699.88 WETH on-chain at an average price of $3,193, worth $5.42 million; it seems they plan to first establish a position and then add to it depending on the situation, and the 16th swing should have already started.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Paradigm has transferred LDO for the 4th consecutive day: 10.38 million LDO (13.3 million USD) was transferred to Coinbase Prime 2 hours ago.Since the rise on November 7, they started transferring out LDO. They purchased 70 million LDO from the Lido treasury at a price of 0.76 USD, and currently, 36.51 million LDO (47.9 million USD) has been transferred to Coinbase Prime, with an average transfer price of 1.31 USD.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's monitoring, the smart money with a swing win rate of 85.7% has successfully completed its 15th swing again, earning a profit of 1.51 million USD. In the past half hour, he liquidated 11,267 ETH (cost 2,910 USD) bought yesterday at an average price of 3,043.6 USD, worth approximately 34.29 million USD; the current record has been updated to 15 battles with 13 wins, a win rate of 86.7%, with a total profit of 5.38 million USD.

ChainCatcher news, according to Onchain Lens monitoring, about 1 hour ago, Paradigm Capital transferred another 11 million LDO to Coinbase, worth 14 million dollars.A total of 26.11 million LDO has been transferred, worth 32.83 million dollars. Paradigm Capital also holds 43,878,190 LDO, worth 55.91 million dollars.

ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, Paradigm transferred 6.938 million LDO (approximately 9.23 million USD) to Coinbase Prime 2 hours ago.It is reported that of the 70 million LDO purchased by Paradigm from the Lido treasury, 15.118 million LDO (approximately 20.52 million USD) has been transferred to Coinbase Prime. The average transfer price was 1.36 USD.

According to ChainCatcher, as reported by CoinGape, the U.S. Securities and Exchange Commission (SEC) has submitted a motion for judgment against the cryptocurrency exchange Kraken, focusing on questioning Kraken's defenses of "fair notice" and "major questions doctrine."This motion was initiated by a team led by SEC Chairman Gary Gensler, aiming to reduce the in-depth scrutiny of its regulatory policies, particularly those related to the cryptocurrency industry. The timing of the motion has drawn attention from the industry, with some insiders believing it is a strategic move by the SEC to avoid excessive examination of its regulatory approach.

ChainCatcher message, according to Onchain Lens monitoring, 40 minutes ago, Paradigm Capital transferred $96.6 million worth of LDO (70 million tokens) to 2 different wallets. One of the wallets transferred $11.29 million worth of 8.18 million LDO to Coinbase.Paradigm received these LDO four years ago, when they were worth $149.27 million. They purchased $51 million worth of LDO from Lido's treasury, paying 15,120 ETH.

ChainCatcher news, Paradigm's Head of Policy Research and former senior advisor to the SEC, Justin Slaughter, posted on X platform that a former Biden White House staffer stated, "Democrats are no longer going to fight crypto to the end. We have too many other things to worry about, and crypto is clearly more resilient than we thought."

ChainCatcher news, according to Onchain Lens monitoring, as the market capitalization of the Meme coin SIGMA surpasses 100 million dollars and hits a new high. A trader "turned" 1,641 dollars into 1.22 million dollars in SIGMA trading.Four months ago, this trader purchased 10.84 million SIGMA for just 12 SOL (approximately 1,641 dollars). Although the whale address subsequently sold 845,000 SIGMA to buy another token, it still holds 10 million SIGMA, and the current position value has risen to 1.22 million dollars.

ChainCatcher news, according to official sources, the Solana re-staking protocol Fragmetric has completed its Builder round of financing, with investors including Solana founder Anatoly Yakovenko, Solana Foundation chair Lily Liu, Jito Labs founder Lucas Bruder, Backpack founder Tristan, and Wintermute co-founder Yoann Turpin among others.Fragmetric has launched the SANG system: SolanA Network Guard, providing users with a convenient and fair path to participate in re-staking, ensuring the security and stability of the Solana network by integrating SOL and LST.

ChainCatcher news, the security protocol Phylax Systems has completed a $4.5 million seed round financing. This round was led by Nascent and Figment Capital, with other participants including: Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works, Banteg, Hari Mulackal, Laurence Day, Ryan Lackey, Nic Carter, Nader Dabit, Eric Wall, and others.

ChainCatcher news, the Monad ecological liquid staking protocol Magma has announced the completion of a $3.9 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, and Relayer Capital.It is reported that Magma is building MEV-based liquid staking on Monad. Magma will collaborate with Ether.fi to establish the first restaking integration on Monad.According to RootData, Magma is a liquid staking protocol based on Monad, developed by Hydrogen Labs. It achieves fair token distribution through ecological competitive airdrops, emphasizes community participation and decision-making, and is capable of self-funding protocol development and managing various activities.

ChainCatcher message, GMX announced that its token reward distribution is now live, completing the transition from the old ETH-based reward model to the new buyback and distribute GMX model. GMX has just conducted its first GMX token reward distribution, with 30% of GMX V1 fees and 27% of GMX V2 fees being used to buy back GMX tokens and distribute them. The buyback process allows anyone to deposit GMX tokens in exchange for the currently pending distribution of fees.

ChainCatcher news, Tangent co-founder and former Spartan partner Jason Choi stated on X that dogmatism is a fatal weakness of many originally excellent founders in the crypto space."The developer should want this" or "the user should need this" are dangerous thoughts. Just think about how many public chains have founders who emphatically emphasize their unique trade-offs, only to find that no one is interested. And look at those DeFi products, which, although targeting a large scale of traditional financial services, have no appeal in the crypto world.The line between being a pioneer and being out of touch with reality is often blurred. To avoid this, there are no shortcuts; one must engage deeply with frontline users.