ChainCatcher news, Firedancer blockchain and protocol engineer Liam Heeger announced at Solana Breakpoint that the Solana validator client Firedancer, developed by Jump Crypto, is now live on the mainnet (non-voting mode).

ChainCatcher news, according to a post by SolanaFloor on the X platform, Jump Crypto's Solana independent validator client Firedancer has officially launched on the testnet. It is reported that Firedancer can handle up to 1 million transactions per second (TPS).

ChainCatcher news, Web3 game development company Nexus Interactive announced on the X platform that it has completed a $2 million oversubscribed seed round financing, with participation from Animoca Brands, Jump Crypto, Maven Capital, GameFi ventures, Sky Vision Capital, Aquanow, OIG (Oracles Investment Group), Virtuals IO, Atesis Capital, Enzac Research, Avocado Guild, Good Games Guild, and RR2 capital.Currently, Nexus Interactive has three infrastructures: the internally developed studio Nexus Play, the Web3 game publishing service Nexus Build, and the content and community growth project Nexus Share. It is reported that its flagship game Everdawn Champions will launch its open beta version in September this year.

ChainCatcher news, according to monitoring by 0xScope, as of last Friday, Jump Crypto has withdrawn $307 million worth of ETH from Lido Finance, with only $19 million remaining to be withdrawn from CEX. Jump Crypto currently still holds 21,390 WSTETH ($64 million).

According to ChainCatcher news, monitored by Scopescan, five leading market makers have transferred over 130,000 ETH directly or indirectly to CEX since August 3. Among them:Wintermute deposited 47,088 ETH directly into CEX on the mainnet and sent 2,691 ETH to CEX through other addresses;Jump Trading deposited 36,461.51 ETH directly into CEX on the mainnet and sent 28,000 ETH to CEX through other addresses;Flow Traders deposited 3,620 ETH directly into CEX on the mainnet and sent 1,900 ETH to CEX through other addresses;GSR Markets deposited 292.1 ETH directly into CEX on the mainnet and transferred 233.63 ETH to other addresses (some or all may have been transferred to CEX, not specified);Amber Group deposited 65.4739 ETH directly into CEX on the mainnet and sent 12,810 ETH to CEX through other addresses.

ChainCatcher message, according to monitoring by 0xScope, in the past hour, Jump Crypto deposited 26 million USDT to Binance.In the past 24 hours, they deposited approximately 70 million USDT to Binance.

ChainCatcher news, according to The Block, the blockchain built by Jump Crypto is about to launch its first bug bounty program, Firedancer v0.1 ("Frankendancer"), a six-week bug bounty program that will start on July 10.It is reported that the program was announced by the anonymous developer Cantelope Peel and is supported by Immunefi, with a scale of $1 million.

ChainCatcher news, Jump Crypto President Kanav Kariya steps down after six years at Jump Trading.Kariya stated that he will continue to stay in touch with the portfolio companies he is involved with and plans to use this time to address significant events from the past few years. Additionally, he hopes to re-engage with previously set-aside relationships and reading. Kariya expressed deep gratitude to Jump's leadership, team, and partners, and is confident about Jump Crypto's future in the industry.

ChainCatcher news, according to Fortune, the Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto.It is reported that Jump has long been regarded as one of the leading participants in the high-frequency trading space. In September 2021, the company announced the establishment of its crypto division, Jump Crypto. It is still unclear whether the CFTC is considering any charges against the company.

ChainCatcher news, according to Coindesk, a spokesperson for the Political Action Committee (PAC) confirmed that Jump Crypto has invested an additional $10 million into the committee, which is seeking to bring as many pro-cryptocurrency members into Congress as possible to achieve the legislation pursued by the industry.It is reported that the digital asset industry's Fairshake PAC is a heavyweight organization in Congress. As of Wednesday, Fairshake and its affiliated PAC have raised nearly $169 million to date, making this emerging industry one of the most powerful campaign financing entities for the 2024 elections.

According to ChainCatcher, citing sources familiar with the matter, Paradigm is in negotiations to lead a funding round of over $200 million for Monad Labs. According to those familiar with the deal, this funding round will follow Monad Labs' announcement of a $19 million seed round in February 2023, bringing the startup's valuation to $3 billion.It is understood that Paradigm has already committed to $150 million and has been reaching out to other investors since the end of 2023 to gauge their interest in joining this funding round. If successful, Monad Labs' funding of over $200 million would be the largest cryptocurrency funding round so far in 2024.The success of Monad Labs among investors also marks the continued influence of Jump Crypto. Two former Jump employees founded Monad in 2022, while the third founder comes from a non-cryptocurrency background.A spokesperson for Paradigm declined to comment when contacted by Fortune, and Monad Labs co-founder and CEO Keone Hon has not immediately responded to a request for comment.

ChainCatcher news, according to Bloomberg, cryptocurrency startup Figure is seeking approval from the U.S. Securities and Exchange Commission to issue an interest-bearing stablecoin, having submitted an S-1 form. This move aims to create a new type of stablecoin with federal legitimacy, and if successful, Figure will become the first stablecoin blockchain financial company regulated as a security in the U.S.In addition, Figure's digital asset division, Figure Markets, plans to complete a $50 million funding round at a $250 million valuation (excluding the financing amount), with Jump Crypto potentially acting as the lead investor. The funds will be used to support the operations of Figure Markets.

ChainCatcher news, citing sources from Bloomberg, reports that senior Wormhole employees, including CEO Saeed Badreg and COO Anthony Ramirez, have left Jump Crypto in recent weeks to operate Wormhole independently. The sources requested anonymity as they are discussing private information.

ChainCatcher news, according to Blockworks, the U.S. SEC has begun investigating whether former Jump Crypto CEO Kanav Kariya entered into a secret agreement with Terraform Labs' Do Kwon during the collapse of the stablecoin TerraUSD. The SEC previously accused Do Kwon of "executing a fraudulent scheme" involving unregistered securities LUNA and UST, amounting to as much as $40 billion.It is reported that in the testimony of Kariya released at the end of last month, SEC legal advisor Staren, who is responsible for the investigation, stated that Do Kwon and Kariya signed an agreement on May 23, 2021 (a few weeks after UST's depegging), under which Jump would help restore UST's peg by purchasing tokens. In exchange, Kwon would modify Jump's LUNA loan agreement and waive the exercise conditions. When asked whether Do Kwon agreed to the terms, Kariya declined to answer the question. The testimony was submitted to the court on October 28.

ChainCatcher news, the Solana Foundation announced at the Solana community annual summit Breakpoint that Firedancer, the second node validator for Solana developed by Jump Crypto, is officially live on the testnet. Firedancer is used to enhance the diversity of node clients and the stability of the Solana blockchain, making Solana more resilient and resistant to attacks. Compared to the first client, Firedancer is developed using C/C++ language, which provides higher compatibility and memory efficiency while reducing the cost of running Solana nodes.

ChainCatcher news, the crypto trading and lending platform Membrane Labs has completed a $20 million Series A funding round, with participation from Brevan Howard Digital, Point72 Ventures, Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, QCP Capital, GSR Markets, Belvedere Trading, and Framework Ventures.The new funds will be used to help establish the mature trading infrastructure needed in the cryptocurrency space to avoid further disasters. Initially, it has built a settlement and clearing engine that allows institutions to choose where and how to custody funds (whether through custodians or multi-party computation (MPC) wallets), and then decide through the front end where and how to execute trades.