ChainCatcher news, according to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. has recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. The agreement will raise $30 million to support the development of digital mining and equipment in North America.Previously, Canaan Inc. completed its Series A financing in September 2024, during which it sold up to 125,000 Series A convertible preferred shares.Canaan Inc. has also made progress in product development, with high demand for its Avalon A15-194T mining machines. The company has signed a follow-on purchase agreement with HIVE Digital Technologies to deliver 5,000 Avalon A15 mining machines in the first quarter of 2025. In addition to expanding its product supply, Canaan Inc. is also strengthening its mining operations in North America. Its subsidiary, Beet Digital LLC, has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). The agreement aims to expand Canaan Inc.'s mining capacity to 10 EH/s by mid-2025.

ChainCatcher news, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024.The report shows that total revenue for the quarter was $73.61 million, an increase of 120.9% year-over-year; total sales hash rate was approximately 7.3 million Thash/s, an increase of 93.8% year-over-year; mining revenue was $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin; operating loss was $56.84 million, narrowing by 49.6% year-over-year.As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.

ChainCatcher news, according to Cointelegraph, Canaan's (嘉楠科技) founder and CEO N.G. Zhang recently revealed in an interview that the company plans to launch a Mini series of home mining machines by the end of this year, with a maximum power of about 800W, using the latest chips, and a maximum hash rate of up to 40T, while also featuring heating capabilities.Zhang stated that the shipment of the previously launched Avalon Nano3 series home mining machines exceeded 10,000 units last quarter. He believes that home mining products are expected to account for 20% of the overall mining market in the future, which will greatly enhance the security of the Bitcoin network.Looking back over the past decade, Zhang pointed out that from the first generation Avalon mining machine with 66Ghs hash rate and 700W power consumption, to the 15th generation A1566 with over 200,000 Ghs hash rate and 3600W power consumption, the performance of mining machines has improved by about 3000 times, and energy efficiency has increased by nearly 600 times. Currently, the A1566 mining machine has achieved a hash rate of 210THs, with some high-end models achieving energy efficiency below 17J/TH.

ChainCatcher news, according to The Paper, the Jingde Court in Zhejiang recently concluded a contract dispute case regarding the sale of virtual currency mining machines. In April 2021, the plaintiff, Mr. Hang, purchased a "mining machine" platform and 64 hard drives from the defendant, Mr. Chen, for a total value of 429,000 yuan. After paying the full amount, Mr. Chen failed to deliver the equipment as agreed and only refunded 180,000 yuan.The court cited the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities" issued in September 2021, as well as the central bank and other departments' "Notice on Further Preventing and Handling Risks of Virtual Currency Trading Speculation," determining that activities related to virtual currency are illegal financial activities. The court ruled that the contract for the sale of the mining machines was invalid due to violation of public order and good customs, and ordered the defendant to return the remaining 249,000 yuan.The second-instance court upheld the original ruling, stating that the relevant contract not only violated public order and good customs but also did not conform to the basic principles of resource conservation and environmental protection.

ChainCatcher news, DWF Labs announced the appointment of Lingling Jiang to be responsible for the company's business development. Lingling has two years of experience at DWF Labs, previously serving as the Regional Sales Director for Asia and the Head of the Hong Kong region.According to DWF Labs Managing Partner Andrei Grachev, Lingling has deep industry experience and rich professional expertise, which will play a key role in shaping the company's strategic direction. In her new position, she will be involved in corporate decision-making, lead business development strategies, and represent DWF Labs at global industry events.Previous news, DWF Labs has relieved a partner accused of drugging women from related positions.

ChainCatcher news, on October 25, the Ministry of Public Security held a special press conference in Beijing to report on the effectiveness of the measures taken by the national public security organs to combat and rectify ethnic asset unfreezing fraud crimes.Zhou Qiancheng, head of the Criminal Investigation Division of the Ningbo Public Security Bureau in Zhejiang Province, introduced that at the beginning of this year, Ningbo public security organs discovered that local residents were participating in the "China International Plum Blossom Association" ethnic asset unfreezing fraud project. Upon investigation, it was found that the suspects established an illegal organization called "China International Plum Blossom Association" as bait with high pension returns, recruiting participants from all over the country, and collecting fees under the names of "membership fees," "venue fees," "certificate fees," and "personal income tax," using virtual currency to launder money and illegally profit. The involved funds have been confirmed to exceed 58 million yuan.Currently, the case is still under further investigation.

ChainCatcher news, the official account of Three Arrows Capital announced on social media that it has invested in the meme project ASTROFOLIO, acquiring 0.7% of the total supply of all 12 zodiac tokens.It is reported that the official account of Three Arrows Capital resumed updates on September 28, and the account has now been renamed to Three Arrowz Capitel, with the ENS domain also being a newly applied domain. Zhu Su stated on September 28 that the account has resumed operations.

ChainCatcher news, recently, the Oak Grove Ventures - Zhejiang University School of Software Blockchain Joint Laboratory team won the first prize at the CCF2024 China Digital Services Conference Service Computing Innovation Competition.This competition is co-hosted by the Teaching Guidance Committee for Software Engineering of the Ministry of Education of China and the Service Computing Special Committee of the China Computer Federation, making it one of the most influential events in the field of computer science in China, and it enjoys a high reputation internationally.The goal of the award-winning project is to utilize new generation information technologies (such as the Internet of Things, artificial intelligence, big data, etc.) to build a wide-ranging, responsive, and highly intelligent water area supervision system. Through technological innovation, this system can significantly enhance the efficiency and accuracy of water area supervision, achieve rapid identification and response to malicious behaviors, provide scientific basis for ecological protection of water areas, and ultimately realize intelligent water area governance. This project not only showcases the team's outstanding capabilities in scientific research and innovation but also highlights their excellent spirit of collaboration.

ChainCatcher news, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated that the government will continue to promote the policy stance and guidelines for innovative financial services applications of central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading using artificial intelligence.Measures include: 1. Promoting the application of central bank digital currency for cross-border payments. The Hong Kong Monetary Authority is actively testing and exploring more technological solutions and scenarios related to cross-border trade settlement on various central bank digital currency cross-border networks, and expanding the participation of public and private institutions. 2. Improving the regulation of virtual assets and trading. The Financial Services and the Treasury Bureau will complete the second round of consultation on the regulation of over-the-counter trading of virtual assets and submit a virtual licensing system to regulate virtual asset custodial service providers. 3. Promoting the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the progress of the Ensemble project.

ChainCatcher message, independent researcher Chen Jian posted on X that there are currently two main ways to address the fragmentation of Ethereum liquidity. One is chain abstraction, which involves adding another chain on top of all L2s to route transactions, and the other is to solve it in a "cluster" manner, that is, placing a hub below L2 to route transactions, or what is called a shared sequencer.For example, OP Superchain follows this idea, and puffer finance's Based Rollup has a similar approach, but it is more fundamentally native, allowing Native Staking Ethereum layer nodes to receive all Layer2 transactions in advance through AVS-protected pre-confirmation.In fact, technically solving Ethereum fragmentation is relatively easy; the main bottleneck lies in the economic game theory aspect. On one hand, the Ethereum Foundation needs to be more assertive and united, and on the other hand, a balance needs to be found in terms of mutual benefits and win-win scenarios.

ChainCatcher news, the Jiangsu High Court's official WeChat account published "2023 Typical Cases of Foreign-related Commercial Trials in Jiangsu Courts," which disclosed that Tian XX, Pan XX, and a third party signed a "Cooperation Agreement" to jointly operate the "MFA Blockchain Project." Pan XX transferred a total of 15.74 million yuan to Tian XX and the third party for the purchase of the MFA virtual currency as stipulated in the agreement; Tian XX subsequently transferred 10.6 million yuan to Pan XX. Tian XX claimed that MEXC (a Singapore trading platform) delisted the MFA/USDT spot trading in September 2020, and the virtual account involved in the case was locked and could not be traded, resulting in a total loss of investment. Pan XX filed a lawsuit, requesting the return of the remaining funds and payment of interest.The Yancheng Intermediate People's Court ruled that the virtual currency trading behavior was invalid, thus dismissing Pan XX's lawsuit. Pan XX was dissatisfied with the ruling and appealed. The Jiangsu Provincial High Court, in its second instance, held that foreign virtual currency exchanges providing services to residents in China via the internet also constitute illegal financial activities, and the relevant civil legal acts are invalid, with the resulting losses to be borne by the parties themselves. The court thus dismissed the appeal and upheld the original ruling.

ChainCatcher news, Three Arrowz Capital posted on social media that Three Arrows Capital has made a strategic on-chain investment in MOG COIN, acquiring 6.9 billion MOG (approximately $104,200).

ChainCatcher message, Ethereum co-founder Vitalik Buterin commented on a tweet featuring a photo of singer JJ Lin, saying, "Believing in love for a day is worth more than forever. This moment has frozen time."It is reported that Vitalik's response is the lyrics from the song "Jiangnan," which is included in JJ Lin's 2004 album "Second Heaven."

ChainCatcher news, early Bitcoin player "Security Empty" posted on X that he has fallen victim to fake "Shinobu" and "Xu Jiayin" scammers, losing 100,000 USDT (approximately 700,000 yuan).He stated that the scammers added him through a business card recommendation and then lured him with low-priced USDT, defrauding him of 100,000 USDT in assets. Upon discovering that the other party had not undergone real-name verification and that their identity was false, he realized he had been scammed.As of now, the victim has begun contacting Binance, Tron, OKLink, and friends around him, and has reported the incident to the police.According to ChainCatcher, several individuals have fallen victim to similar scams, resulting in personal asset losses. Please be cautious and verify.

ChainCatcher news, John Lee accepted an exclusive interview with Ta Kung Pao and stated that the country has requirements for Hong Kong, reflecting the central government's recognition of the advantages of the special administrative region in finance, shipping, and trade. Hong Kong must make good use of these advantages, promote them, and strengthen them. John Lee stated that the Hong Kong government is promoting the healthy development of the financial market in various ways. Taking the stock market as an example, the government established a dedicated task force to promote stock market liquidity last August, and most of the 12 short-term measures mentioned to improve market competitiveness have been implemented so far. The government is also actively seeking new economic growth points, and currently, virtual asset trading has been launched in Hong Kong. It is hoped that after tokenization trading and asset management, more applications in trade can be promoted.

ChainCatcher news: Ms. Zhang from Tianjin was scammed out of over 260,000 yuan this month, with the fraudulently obtained money withdrawn in Xingguo County. The Xingguo police acted quickly, arresting 8 criminal suspects and dismantling a virtual currency money laundering "water room" operation, seizing 200,000 yuan in related funds.It is reported that the suspect Li Mouyuan provided bank accounts to the money laundering gang to assist in their laundering activities and withdrew over 260,000 yuan while knowing that the funds were involved in online illegal activities. After receiving the cash withdrawn by Li Mouyuan, the money laundering gang fled back to Yuzhou, Henan, and handed the involved funds to the virtual currency money laundering "water room" suspect Hou Moupeng. Hou Moupeng then exchanged the over 260,000 yuan in cash obtained from the fraud into virtual currency U offline, transferring it to a designated virtual currency address, ultimately achieving the laundering and whitening of the involved funds.The police successfully dismantled the money laundering den, arrested multiple suspects, and recovered part of the involved funds.

ChainCatcher news reports that the Public Security Bureau of Lengshuijiang has cracked a case of organized and premeditated impersonation of "telecom fraud victims." They exploited the victims' fear of reporting to the police to engage in a black-on-black robbery scheme, repeatedly committing theft in a virtual currency "case within a case," recovering over one million yuan.According to confessions, the suspects learned that many virtual currency merchants were involved in laundering money for fraudsters. They believed that this group would not dare to alert the police if something went wrong, so they devised a risky plan to "earn quick money" by setting a trap to "eat" the virtual currency from the merchants. The female members of the gang typically pretended to be victims of fraud to gain the trust of the virtual currency merchants and complete transactions on the spot, while others posed as family members of the victims, rushing into the transaction site to intimidate and threaten once the virtual currency was received. Each member had clear roles and responsibilities, all waiting for the opportunity to seize the virtual currency.Upon investigation, it was found that the gang exchanged the stolen virtual currency for RMB to dispose of the loot, involving a significant amount of money. The Public Security Bureau of Lengshuijiang has arrested several suspects involved in robbery and illegal operation of virtual currency merchants, seizing over one million yuan in funds. The case is currently under further investigation.