ChainCatcher message, DeSpread co-founder GM Chung forwarded a community message stating that during the curfew in South Korea yesterday, opposition member and cryptocurrency supporter Kim (Kim Nam-guk @lawmaker2024) was found listening to the Bitcoin scaling solution Stacks' DeFi Show X Space.In addition, he was also known for being an official STX holder.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim summarized the key points from the 198th Ethereum Core Developers Execution (ACDE) call:Developers are debugging Pectra Devnet 3;Developers plan to launch Pectra Devnet 4 before next Thursday (October 17);There are 2 new EIPs in Pectra for consideration, namely EIP7782 and EIP7783, both aimed at improving L1 scalability.

ChainCatcher news: Former South Korean Democratic Party member Kim Nam-guk, who has sparked controversy due to his substantial cryptocurrency holdings, has been prosecuted without detention. The Southern District Prosecutor's Office in Seoul has filed a non-custodial prosecution against him on the grounds of obstructing the execution of public duties.Kim Nam-guk is accused of concealing significant profits obtained through virtual asset investments during the property declaration for National Assembly members in 2021 and 2022, and of obstructing the review of property changes of congressional public officials by manipulating bank account deposits and virtual assets.

ChainCatcher news, the Southern District Prosecutors' Office of Seoul announced on the 1st that Mr. Park (Johnber Kim) has been arrested and charged with fraud and violations of legal regulations, while his business partner Mr. A (38 years old), who assisted Mr. Park in the crime, has been indicted but not detained.The prosecution stated that Mr. Park and others issued and listed the fraudulent token "Grape" between February 2021 and April of the following year, artificially inflated the token price, and then sold all of it, allegedly embezzling 80.9 billion won (approximately 59.23 million USD), with actual profits estimated at 21.6 billion won (approximately 15.81 million USD).

ChainCatcher news, according to MSNBC, U.S. Secret Service Director Kimberly Cheatle has resigned following the attack on Trump.

ChainCatcher news, according to CoinDesk, the structured mining power protocol Alkimiya announced the introduction of a tool that allows users to hedge against the volatile Bitcoin transaction fee rates.Additionally, data from RootData shows that the project was established in 2021, with investors including Dragonfly, Castle Island Ventures, 1KX, GMR, Coinbase Ventures, Circle Ventures, Tribe Capital, and Robot Ventures.

ChainCatcher news, according to The Block, the Web3 settlement protocol Kima announced the completion of a $5 million financing round, with participation from Blockchange, Mastercard's FinSec Innovation Lab, and several angel investors.It is reported that Kima has established a settlement protocol that connects traditional financial services such as fiat bank accounts and credit cards with decentralized financial tools.

ChainCatcher news, according to official sources, the decentralized settlement protocol Kima Network has announced the completion of a strategic investment from Connectico Capital.It is reported that Kima is a blockchain-based decentralized settlement protocol aimed at addressing the fragmentation issues in the cryptocurrency and broader financial sectors. By introducing a new financial primitive—Smart Transaction—and providing an easy-to-use SDK built for Web3 and Web2 applications, Kima is committed to achieving cross-chain and hybrid transactions.

ChainCatcher news, the decentralized settlement protocol Kima Finance has announced the completion of a new round of financing, with participation from HVS Ventures. The specific financing amount and valuation data have not been disclosed. It is reported that HVS Ventures will not only provide financial support but also participate in its operations and strategic development.Kima Finance utilizes its blockchain-based decentralized settlement protocol to provide a settlement layer that supports multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX exchanges, and omnichannel wallets, aiming to address the fragmentation issues in the cryptocurrency and broader financial sectors.

ChainCatcher news, the decentralized advertising trading platform Alkimi has launched its mainnet, allowing advertisers and publishers to buy and sell advertising inventory through its blockchain-based programmatic platform.It is reported that Alkimi enables the buying and selling of advertising space in a completely decentralized manner through blockchain infrastructure. Alkimi is also a custom Layer 2 scaling solution on the Ethereum network specifically designed for advertising. By leveraging the principles of generative economics, the Alkimi exchange will reward users, publishers, and advertisers for reconstructing the expected value exchange of an open network.

ChainCatcher news, according to The Wall Street Journal, Haun Ventures, founded by former a16z partner Katie Haun, has hired private equity (PE) industry veteran Suzanne Kim as a partner. It is reported that Kim has worked in the relevant industry for 15 years, with her most recent position being Managing Director at Hellman & Friedman. Prior to that, she also served as Vice President at TPG Capital.

ChainCatcher news, Sui ecosystem DeFi crypto startup Siphon Lab announced the completion of a $1.2 million seed round financing, led by Kima Ventures, with participation from Waveline Capital, BT Growth Capital, Uno Ventures, Quidnet Ventures, Mava Ventures, and a group of angel investors from both Web3 and Web2. The new funds will be used to scale its operations, develop talent, and accelerate growth.It is reported that Siphon Lab is currently building the "Siphon Universe" on the Sui network, with products including liquidity staking protocols such as Tradeify and Liquidify, aimed at maximizing the capital efficiency of SUI across the ecosystem. (Source link)

ChainCatcher news, according to tech.eu, Paris-based NFT-based customer loyalty solution Cohort announced the completion of a €3.2 million seed round financing, led by IRIS, Axeleo Capital, Kima Ventures, and 3founders, with angel investors including Thibaud Elzière, Quentin Nickmans, Amaury Sepulchre, as well as Guillaume Princen (Stripe) and Brian O'Hagan (Sorare) participating.It is reported that Cohort can help businesses and brands quickly launch NFT customer loyalty campaigns and integrate them into existing sales channels, such as providing NFT certificates for footwear brands to verify product authenticity. (source link)

ChainCatcher news, South Korean prosecutors have indicted 20 individuals for illegally remitting approximately 40 trillion won (about 3.2 billion USD) overseas, and for illegally profiting up to 210 billion won (about 17 million USD) from the cryptocurrency kimchi premium. South Korean officials have filed for detention against 11 of them, while the other 9 have not been detained.The defendants transferred funds to other countries and purchased cryptocurrencies by disguising them as foreign trade payments through 256 South Korean bank accounts between January 2021 and August 2022, and then sold the cryptocurrencies at high prices in South Korea. Prosecutors stated that given the kimchi premium rate was as high as 5% at the time of the violations, they are currently executing the procedure to confiscate a total of 13.1 billion won (about 10.6 million USD). (source link)

ChainCatcher news, according to CoinDesk, the consensus capital market protocol Alkimiya announced the completion of a $7.2 million financing round, led by Castle Island Ventures and 1kx, with participation from Circle Ventures, Coinbase Ventures, and Dragonfly Capital Partners. It is reported that this round of financing aims to help miners and stakeholders attempting to hedge cash flow survive the bear market. In addition, Alkimiya plans to launch on the Ethereum mainnet this quarter.ChainCatcher previously reported that in March last year, Alkimiya officially launched on the Avalanche mainnet. (Source link)

ChainCatcher news, the International Crime Investigation Division of the Central District Prosecutors' Office in Seoul, South Korea, has arrested and prosecuted a gang of four suspected of violating the Foreign Exchange Transaction Act and the Specific Financial Information Act. This gang had been using remittances to buy cryptocurrencies on overseas exchanges from September last year to March this year, then transferring them to other overseas and domestic exchange accounts for sale, totaling 15 trillion won (approximately 1.178 billion USD) in cryptocurrency sold. Prosecutors believe they systematically committed crimes with the aim of profiting from the so-called "kimchi premium."It is reported that the South Korean cryptocurrency market had previously shown signs of overheating, with cryptocurrencies in the Korean market priced higher than in other countries, a phenomenon known as the "kimchi premium."

ChainCatcher news, according to CNBC, a federal judge dismissed a proposed class action lawsuit against EthereumMax founder and celebrities like Kim Kardashian and boxer Floyd Mayweather for promoting the cryptocurrency.Plaintiff Ryan Huegrich filed the lawsuit earlier this year on behalf of all investors who purchased EthereumMax tokens between May 14 and June 17, 2021. Last October, Kardashian was accused by the U.S. Securities and Exchange Commission (SEC) of illegally promoting the EtherumMax tokens; she did not admit or deny any findings from the regulator and agreed to pay $1.26 million.The judge stated that the plaintiff's claims were not sufficiently supported, particularly "given the higher pleading standard for fraud claims," but he would allow the plaintiff's attorneys to refile after amending some of their claims based on certain statutes cited in the original complaint. (source link)