According to Cointelegraph, GnosisDAO, the decentralized autonomous organization behind Gnosis Chain, has approved a proposal to launch a $40 million venture fund aimed at accelerating early blockchain projects.GnosisDAO will contribute $20 million to the fund, with the remaining $20 million coming from external LPs. The fund is named GnosisVC Ecosystem and will prioritize investments in projects engaged in the tokenization of real-world assets (RWA), decentralized infrastructure, and financial payment channels.

ChainCatcher news, according to Cointelegraph, investment firm Kerrisdale Capital is shorting MicroStrategy stock, believing that its price has an "unfathomable premium" relative to the value of Bitcoin. Kerrisdale Capital's Chief Investment Officer Sahm Adrangi stated that MicroStrategy's business model primarily relies on holding a large amount of Bitcoin, but this is not enough to support its high valuation.According to their report, the Bitcoin price valuation of MicroStrategy stock is two and a half times the actual price. Adrangi recommends shorting MicroStrategy stock while going long on Bitcoin. MicroStrategy currently holds 226,331 BTC, with a total value of approximately $14.6 billion.

ChainCatcher news, Bitcoin-listed mining company Riot Platforms (RIOT) underperformed its peers on Wednesday, after the renowned short-selling firm Kerrisdale Capital announced its short position on RIOT stock while going long on Bitcoin (BTC). It is reported that Riot's stock was one of the worst-performing cryptocurrency-related stocks on Wednesday, falling over 6%. A representative from Riot did not immediately respond to a request for comment.

ChainCatcher news, GnosisDAO approves the spin-off of Karpatkey into an independent entity. Karpatkey has been part of GnosisDAO since 2021.After the spin-off, Karpatkey will operate independently, using its own KPK governance token, and plans to expand its business beyond traditional Web3 services. This move is part of Gnosis's strategy to support blockchain application development and improve the Web3 ecosystem.

ChainCatcher message, GnosisDAO has released the 3.0 roadmap, indicating that Gnosis has evolved from a prediction market platform (Gnosis 1.0) to a cornerstone of Ethereum infrastructure (Gnosis 2.0), and is now entering Gnosis 3.0.Gnosis 3.0 will focus on fundamentally transforming payment and financial infrastructure, connected by the GNO token coordinating projects on the platform. Gnosis 3.0 aims to bridge the gap between blockchain technology and its practical everyday applications for the general public.

ChainCatcher news, according to the Snapshot governance page, the MetisDAO community voted to approve the proposal to "decentralize the testnet sequencer and launch community testing."

ChainCatcher news, according to CoinDesk, the Ethereum scaling solution MetisDAO's development organization, the MetisDAO Foundation, has announced the creation of a fund of approximately $100 million to accelerate the growth of its ecosystem. The fund is named the Metis Ecosystem Development Fund and will allocate 4.6 million METIS tokens for "sequencer mining, retroactive funding, deployment of new projects, and other efforts."

ChainCatcher message, GnosisDAO posted on social media that Gnosis Chain core developer Philippe Schommers has joined GnosisDAO as the Head of Infrastructure, while Galen has taken on the role of Head of Marketing. Philippe will continue to ensure the successful collaboration between Gnosis Chain and Ethereum.

ChainCatcher news, MetisDAO officially stated that it has completed compensation for users affected by the Twitter account hack in August. The team spent several weeks reviewing support tickets submitted in the Discord channel, then filtering through a large amount of on-chain data to separate legitimate claims from those associated with the hacker's wallet. After the due diligence was completed, the MetisDAO Foundation sent full compensation to the affected users.Previous report, on August 15, MetisDAO Foundation tweeted that the official Metis Twitter account was hacked.

ChainCatcher news, according to CertiK monitoring, an EOA address (starting with 0xC616) transferred 4,000 ETH (approximately 7.7 million USD) into Tornado Cash.It is reported that the funds can be traced back to the liquidity withdrawn by AnubisDAO in May. (source link)

ChainCatcher news, the MetisDAO Foundation officially announced the launch of its incubated new project ZKM. ZKM will launch its testnet by the end of the year, upgrading the existing Optimistic Rollup to a Hybrid Rollup, enabling instant withdrawals (the original OP withdrawal period was 7 days) while ensuring security.It is reported that ZKM adopts the MIPS instruction set to implement zero-knowledge proof (ZKP) security for all virtual machines (VMs) and applications at the CPU level, and supports multiple blockchain smart contract engines. The plug-and-play feature allows developers to apply ZKP without changing the codebase, reducing adoption costs. With Ethereum's decentralized security infrastructure, ZKM can verify all blockchain and non-blockchain transactions. The project's goal is to go beyond L2, expanding into L1, cloud computing, and the Internet of Things, making Ethereum the settlement layer for the global blockchain and non-blockchain world.

ChainCatcher message, the GnosisDAO community has initiated a new proposal to deposit 25 million xDAI on the Gnosis Chain into the DAI Savings Rate (DSR). Gnosis Chain users can mint GC sDAI using xDAI and accumulate DSR savings yields. Theoretically, the DSR yield on the Gnosis Chain is always higher than that on the Ethereum mainnet, as interest rate equilibrium can only be achieved when all xDAI is staked. (source link)

ChainCatcher news, the nosisDAO community has initiated a new proposal, suggesting that Gnosis DAO commits to gradually transferring at least 50% of its stETH holdings to rETH over time.This GIP aims to guide the Gnosis treasury manager Karpatkey to take action to reduce reliance on stETH and introduce additional rETH into its DeFi strategy to lower the DAO's risk and support decentralized Ethereum staking. The voting deadline for this proposal is May 30 at 01:48. (Source link)

ChainCatcher news, Ethereum scaling solution MetisDAO officially announced that it is building the first hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proofs, to provide Ethereum developers with a secure and developer-friendly Layer 2 for deploying all types of decentralized applications. (source link)

ChainCatcher news, the International Swaps and Derivatives Association (ISDA) stated that the organization will develop new standards and guidelines for digital assets to address bankruptcy events of cryptocurrency companies like FTX, aiming to prevent creditors from being trapped in bankruptcy cases lasting for years, such as that of FTX. It is reported that the new standards and guidelines for digital assets will focus on issues related to termination netting and collateral, resolving problems associated with customer digital assets held by intermediaries, including: specific issues regarding how to hold these assets, how to handle these assets in the event of bankruptcy, and how to achieve the expected level of customer asset protection regarding related documentation and due diligence issues that need to be addressed. (Source link)

ChainCatcher news, the MetisDAO Foundation has released its 2023 strategic plan, stating that two key concepts are the strategic focus of the fund:First is the "multi-layer solution stack for the Web3 economy." MetisDAO indicates that the Ethereum mainnet is the cornerstone of security, decentralization, and finality. Metis Smart L2 is an EVM-equivalent execution layer, offering fast transaction speeds and low costs. However, there remains a gap between the infrastructure layer and the application layer. Currently, Smart L2 has not fully realized its potential in supporting all applications and the entire Web3 economy, similar to all current L2 solutions, which require more functionality and scalability to expand and strengthen the necessary infrastructure for the entire Web3 economy.Second is the "ecological nodes." Ecological nodes are contributors to the entire Metis ecosystem and will become the foundation for the foundation's growth. Over the past year, the foundation has actively collaborated with some ecological contributors for incubation, supporting them in trialing ecological nodes. The first batch of upcoming ecological nodes includes: Smart L2, Matrix Reputation Power, DAC Framework, P1X. (source link)

ChainCatcher news, digital asset custody provider and blockchain technology provider Cobo will collaborate with MetaMask Institutional and GnosisDAO to launch the SBT project "Evolution." Evolution will be permanently bound to the owner's wallet address along with its proprietary utilities and access rights.The token includes two time-based rewards, which will distribute specific gifts related to MetaMask Institutional and Gnosis Safe in the first three days. The 1000 holders of Evolution's SBT will also be able to receive Cobo's exclusive quarterly research reports. (Source link)

ChainCatcher news, the GnosisDAO community proposal GIP-64 published on Snapshot has been approved. As of February 15, 2023, a total of approximately 9 million native tokens SAFE of the digital asset management platform Safe (formerly Gnosis Safe) will be distributed to three categories of GNO Token holders: 1. Those who have staked GNO Tokens in smart contracts on the Ethereum mainnet or Gnosis chain; 2. Individual users who have staked GNO Tokens; 3. Participants in the Curve GNO:sGNO 19 pool.In addition, GnosisDAO will linearly unlock 150 million SAFE shares over the next four years, of which up to 100 million SAFE (including the aforementioned 9 million) will be distributed to four categories of GNO stakers. (source link)