ChainCatcher news, a Russian court has sentenced the founder of the online black market and cryptocurrency mixing service Hydra, Stanislav Moiseev, to life imprisonment. The service processed over $5 billion worth of cryptocurrency during its operation.According to a statement from the Moscow Prosecutor's Office on December 2, the Moscow Regional Court found Moiseev and his 15 accomplices guilty of organized crime and illegal production and sale of psychoactive substances and drugs. The sentences for Moiseev's 15 accomplices ranged from 8 to 23 years. Moiseev was also fined $38,100 (4 million rubles), while his 15 accomplices were ordered to pay a total of $152,400 (16 million rubles). As part of the sentencing order, properties and vehicles related to the convicted individuals were also seized.According to Russian state media TASS, they will serve their sentences in a "strict regime" penal colony.

ChainCatcher news, Hydration announces the launch of its decentralized lending platform Hydration Money Market. The new platform allows users to provide cryptocurrency as collateral, earn deposit interest, and borrow various digital assets.The platform is built on the Polkadot blockchain, emphasizing the efficiency and innovation of the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain priority liquidation, a mechanism designed to minimize losses and prevent exploitation during the liquidation process.

ChainCatcher news, U.S. Vice President Harris stated that if elected president, she would not stop hydraulic fracturing, reversing her previous opposition to most oil and gas production technologies in the U.S. "As Vice President, I did not ban hydraulic fracturing," Harris said in an interview on Thursday, marking her clearest statement on the issue since becoming the Democratic candidate. "As president, I will not ban hydraulic fracturing."

ChainCatcher message, Trump posted on X: "Kamala Harris is the leader of the 'BANNING FRACKING' movement in America, and she has fought particularly hard for the 'No Fracking' movement in Pennsylvania. The people of Pennsylvania are smart, and they will understand that she will destroy this state. They will vote for Trump."

ChainCatcher news, according to Decrypt, the Polkadot ecosystem DeFi project Hydration has announced that it has obtained 2 million DOT tokens (approximately 14.4 million USD) from the Polkadot treasury. This funding will be specifically used to enhance the liquidity and trading efficiency of Hydration's unilateral liquidity supply platform, Omnipool.It is reported that within a year, 1 million DOT will be spent to attract new liquidity into the Polkadot ecosystem, with initial rewards for liquidity providers (LP) exceeding 200% APY. Thanks to the unilateral LP design of Hydration Omnipool, users will start receiving rewards after providing a single asset and joining the incentive farm, with incentive assets including native stablecoins, DOT, BTC, and various ecosystem tokens.In addition, the remaining 1 million DOT will be directly injected into Hydration Omnipool itself, aiming to support the creation of a strong and accessible native liquidity layer.

ChainCatcher news, according to the Snapshot page, the Stargate V2 proposal passed with a support rate of 95.57% in the Stargate community vote. According to this proposal, Stargate V2 will introduce transaction batching and dynamic credit allocation (managed by an AI planning module) to improve cross-chain efficiency and reduce cross-chain costs.In addition, Hydra has been introduced as an extension of Stargate in the Bridging as a Service field, allowing new chains to access unlimited liquidity across all Stargate chains.

ChainCatcher message, Conflux announced that it has released the Conflux Hydra Network v2.3.3 upgrade. This version fixes the issue where unexpected cross-space transactions could lead to node failures. Users are required to upgrade to Conflux v2.3.3 immediately; failure to upgrade will result in nodes being unable to synchronize properly, affecting network performance and operations.

ChainCatcher news, according to Coindesk, the DAO fund Hydra Ventures has completed a $10 million fundraising to invest in other investment-focused DAO projects. This round of financing was participated by 1kx, ConsenSys, Collab+Currency, Wicklow Capital, and Seed Club. (Source link)