ChainCatcher news reports that after the U.S. government sued the market maker Gotbit, the meme coin projects Beercoin and WaterCoin, along with Hamster Kombat and Neiro, also issued statements clarifying their relationship with Gotbit.Beercoin stated on the X platform: "The BEER team has long ceased cooperation with Gotbit and has turned to other market makers."WaterCoin stated: "We want to clarify that we do not cooperate with Gotbit and have no association with them. After the launch of WATER, we expressed concerns about Gotbit's integrity and changed our market maker." However, there are users in the comment section of these two projects' clarification posts who express skepticism about their statements.In addition, Lookonchain posted on October 10 that Gotbit previously claimed they sold WATER to bring the price down to a fair level. However, the number of tokens sold by Gotbit far exceeded the number purchased.Previously, Neiro announced the termination of its partnership with market maker Gotbit; Hamster Kombat stated that it has never cooperated with market maker Gotbit.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on X that as long as cryptocurrency and Web3 are well-regulated, they are not scams.Ki Young Ju stated: "Web3 achieves borderless collaboration and value creation through token-based incentives, functioning more like a protocol than a company. This marks a revolution in the way humans cooperate. While multinational companies like Google employ hundreds of thousands, Web3 protocols could one day involve millions.Scams do exist, just like in any financial sector, but this should not overshadow the immense potential of blockchain technology. With smart regulation, Web3 can transform into a stable and trustworthy space. With the right rules, Crypto and Web3 can thrive responsibly. One day, the government will make this happen.The question is, how long will it take? That’s why I prefer politicians who are interested in cryptocurrency, even if some of their views are extreme. Without interests, nothing can be done, and regulation will not develop. This is the current situation in South Korea. I hope politicians can speak freely about cryptocurrency to drive progress."

ChainCatcher news, the South Korean digital asset investment platform Heybit announced that it will shut down all services of its local platform by October 25, attributing this decision to changes in market conditions and the regulatory environment.

ChainCatcher news, according to Ember monitoring, a high win-rate whale sold 5,659.5 ETH bought last night at $2,316 for $2,354, making a profit of $210,000.

ChainCatcher news, Fox reporter Eleanor Terrett revealed that former SEC commissioner and current Robinhood Chief Legal Officer Dan Gallagher detailed the efforts Robinhood made to register—"a dozen meetings and phone calls over a year and a half," but ultimately still received a Wells notice from the enforcement agency.Gallagher criticized the SEC's "scorched earth" approach to cryptocurrency and suggested that the commission take immediate action to provide clarity for the industry. He pointed out that although Congress is advancing much-needed legislation, the SEC has had the authority to establish a foundational regulatory framework for digital assets since 1996.

ChainCatcher news, according to Jinshi reports, the Federal Reserve has currently entered its regular "quiet period." Before the official "gag order," two senior Federal Reserve officials hinted that despite the mixed employment report released this Friday, the Federal Reserve may still cut interest rates by half a percentage point at the upcoming meeting. However, they also stated that the Federal Reserve will remain cautious when taking action.It is reported that Federal Reserve Governor Waller and New York Fed President Williams indicated that given the decline in inflation and the weakness in the U.S. labor market, multiple rate cuts should occur this year. The Federal Reserve fund futures market experienced significant fluctuations this week and at one point believed that the Fed was more likely to cut rates by 50 basis points this month. However, these bets were later reduced, but traders still expect the central bank to cut rates by more than one percentage point this year, indicating that the Federal Reserve may need to intensify efforts to address the economic slowdown.

ChainCatcher news, according to Wallet on Telegram, the issuance of DOGS coin has attracted widespread attention, causing several cryptocurrency exchanges and Wallet to experience some functionality issues.Currently, the exchange function of Wallet is temporarily unavailable, but the team is working hard to resolve the issue and restore normal trading and P2P functions as soon as possible.

ChainCatcher message, the prediction market Azuro posted on social media to remind users that if they want to maximize their bets on Azuro and Sophon, no action is required. If you do not wish for the AZUR tokens to be automatically converted to stAZUR, please withdraw before August 22, 2024, 00:00:00 UTC.Note: The unbinding of AZUR's stAZUR requires a 14-day unbinding period.

ChainCatcher message, Ethereum Foundation member and Geth development lead Péter Szilágyi posted on social media, "I often wonder if I chose the wrong industry.For example, SpaceX, they send rockets to Mars? Human progress. They fail to launch a rocket and it explodes? Humanity learns lessons and still progresses. All outcomes bring progress.In contrast, the crypto industry is simply a casino for fools (apologies to the few exceptions). Prices go up? Great, when to buy a sports car. Prices go down? Life is destroyed. What contribution does this make to humanity?Yes, building a new monetary system does take time. Of course... but in the process, can we do something useful? Everyone wants to be the next Vitalik, no one wants to build something useful, everyone is just thinking about how to extract value.I really don't see why this system shouldn't collapse? From a macro perspective, what will we lose? Everything the crypto industry has done so far is just a massive transfer of value, and I haven't seen any substantial value creation.Please note, getting rich through luck and then transferring funds to some non-crypto projects cannot be considered a success story for crypto. At best, it's just a lucky philanthropist's success story, more likely just a simple diversification of investments by one person.In my opinion, this industry should have started creating something truly useful that people are willing to use, otherwise it should just close its doors.At least Bitcoin tried (though it failed) to become a safe-haven asset. But the others are just selling shovels, with no signs of a gold rush at all."

ChainCatcer news, Pixelverse co-founder Kori Leon stated that despite the huge funding amounts for many blockchain games, they fail to attract real players, and some projects have not delivered on their promises, only managing to attract speculative players. Leon emphasized that the key to success lies in community, culture, and distribution.CryptoSlam founder Randy Wasinger mentioned that games are an important mechanism for Web3 to attract new users. Although the development cycle is long, he is optimistic that game-changing killer applications will emerge in the future.

ChainCatcher news, Epic Games founder Tim Sweeney stated on X that there is no cryptocurrency in Fortnite, and he has made it clear multiple times that they will not adopt cryptocurrency or NFT transactions or similar transactions.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network stated that if users have not claimed LAVA, they will not be able to receive tokens in time when the public mainnet goes live. Users can still continue to claim before that, but the tokens will be sent to them later.

ChainCatcher message, multiple MT.GOX creditors located in Japan have stated that they have received BTC/BCH repayments from MT.GOX, and the funds have entered their exchange accounts at Bitbank or Kraken, with BCH in the Bitbank account showing as BCC. Additionally, some have reported that they have received cash payments sent via international wire transfer.

ChainCatcher message, some community users reported issues with the Coinbase wallet. After purchasing the presale, they are unable to convert V1 to V2, cannot perform cross-chain operations on the Coinbase wallet, cannot exchange any assets, and cannot connect to MetaMask and Trust Wallet.In response, Coinbase Support stated that they are aware of the issues encountered during wallet conversion and connecting to other wallets, and they provided documentation with detailed steps to resolve the issues. Additionally, Coinbase requested users to provide error messages and the steps taken so far to help Coinbase diagnose the problem and provide a more accurate solution.

ChainCatcher message, Coinbase senior software engineer yuga.eth posted on social media: "As the Democrats descend into chaos, we are approaching the moment of greatest political influence for cryptocurrency in the United States. Democrats have been misled by figures like Elizabeth Warren into waging an unpopular and ineffective war on cryptocurrency, which will cost them thousands of votes in key swing states.If the Democrats truly want to secure enough votes and avoid a disastrous defeat in November, they must swiftly and thoroughly change their stance on cryptocurrency. They should immediately halt enforcement and regulatory strategies, improve and pass FIT 21 in a bipartisan manner, and rescind SAB 121.Instead, pro-cryptocurrency PACs should seize this opportunity to promote financial innovation in the U.S. by pressuring Democratic political leaders and policymakers for their commitments."