According to ChainCatcher's message, on-chain analyst Yu Jin monitored that 1 hour ago, Cosmos developer Interchain Foundation continued to sell 3,000 ETH (worth $10.16 million) raised during the ICO in April 2017.Since the end of April this year, they have sold a total of 21,600 ETH (worth $55.97 million) at an average price of $2,591. They currently hold 383.8 BTC and 23,587 ETH, valued at $95.48 million.

According to ChainCatcher news, CoinDesk reported that the Interchain Foundation, which supports Cosmos, plans to allocate $26.4 million in funding in 2024. Of this, $3 million will ensure the continued modularity, efficiency, and stability of CometBFT (a Byzantine Fault Tolerance engine for state machine replication), $4.5 million will be used to enhance the composability of the Cosmos SDK, $7.5 million will go towards inter-chain communication protocols, $2.5 million will be allocated for the smart contract framework CosmWasm, $155,000 will be allocated to CosmJS (which helps developers integrate JavaScript-based clients with Cosmos SDK blockchains), and $1.5 million will be used for the security audit of the Interchain Stack.

ChainCatcher message, Cosmos stated on social media that Interchain will soon support the modular blockchain Celestia.At the same time, the Celestia team also plans to reward the managers and maintainers of core infrastructure and tools in the Cosmos SDK, CometBFT, CosmWasm, and IBC ecosystems through a dedicated program.

ChainCatcher news, the Interchain Foundation supporting the Cosmos ecosystem is developing its development and funding priorities for 2024 and creating the Interchain Stack roadmap. The Interchain Foundation invites users to provide feedback by October 1.It is reported that the four strategic themes of the Interchain Stack roadmap include: increasing modularity through generalized software to better adapt to specific use cases; improving the developer experience to make it easier to build with the Interchain Stack; paying off technical debt so that we can make faster progress; and driving user adoption.

ChainCatcher news, the cross-chain communication network Synapse has launched the test networks for Synapse Interchain Network and Synapse Chain to enable cross-chain communication.Among them, the Synapse Interchain Network (SIN) is the first optimistic proof-of-stake (PoS) cross-chain network, achieving trustless communication and settlement between chains. Applications built on SIN can access all blockchain data and liquidity.The Synapse Chain is an Optimistic L2, built on the SYN OP Stack, enabling native information interoperability and interconnection. As the hub of SIN, Synapse Chain serves as the inter-chain data availability layer for SIN, where all SIN states are published to Synapse Chain and used for message proof, adjudication, and fraud reporting. Additionally, Synapse Chain implements a modular Layer2 cross-chain, supporting cross-chain deposits and fast withdrawals from standard L2 bridges, native cross-chain communication, and instant cross-chain communication using SIN.

ChainCatcher news, based on the Cosmos liquid staking protocol Stride, officially announced that Stride has successfully transitioned to the Inter-Chain Security (ICS) system of Cosmos Hub, which is powered by the ATOM token.ChainCatcher previously reported that the transition to ICS will increase Stride's economic security from approximately $25 million to $2.3 billion, making the protocol more resilient against hacking attacks. (source link)

ChainCatcher news, according to TheBlock, the cryptocurrency interoperability project Axelar has launched the Interchain Token Service (ITS), aimed at enhancing the interoperability of ERC-20 tokens across all Ethereum-compatible blockchains.Sushi is one of the first projects to adopt "cross-chain tokens" through this service and plans to leverage ITS for seamless interaction of its native SUSHI token across multiple chains. The initial deployment will ensure interoperability of SUSHI across chains such as Arbitrum, Ethereum, Optimism, and Polygon.

According to Chain Catcher news, Cosmos' official Twitter stated that it will launch native USDC on Interchain using Interchain Security. According to the announcement, supporting native USDC on Interchain will enable DApps to run more efficiently. In addition, Cosmos expects that the launch of the stablecoin will drive migration to Interchain and optimize liquidity. (Source link)