ChainCatcher message, according to the popularity index ranking data from the Web3 asset data platform RootData, as of October 21, 10:20, the top five projects in the Web3 popular projects Top 100 are: Bored Ape Yacht Club, Aleo, Eclipse, Otherside, and Cros.In addition, Yuga Labs has seen the largest ranking increase, rising 829 places overall.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking will be calculated in real-time based on the weighted frequency of user searches, project clicks, user votes, and the popularity and influence on the X platform.

ChainCatcher news, Bitcoin mining hosting provider Revolve Labs plans to establish an artificial intelligence data center in central Minnesota, having previously withdrawn a mining expansion proposal due to community opposition.Revolve Labs held a meeting with the Glencoe Economic Development Authority in September, planning to expand its facilities in the city to accommodate one or two artificial intelligence data centers, along with cooling systems and backup generators. The project is expected to have a capacity of 10 megawatts, employ about 10 staff, and cost between $40 million and $60 million. As part of the Revolve Labs proposal, they intend to purchase two parcels of land totaling 6.2 acres and build a substation for the expansion.Revolve Labs currently operates a Bitcoin mining facility in Glencoe with a capacity of approximately 20 megawatts and a hash rate of 537 PH/s. According to reports from last month, the company had attempted to increase its mining capacity in Winton, Minnesota, but withdrew its application after community opposition due to noise concerns.

ChainCatcher news, according to official sources, the real-time ZK proof network ZEROBASE launched by Salus has announced the completion of a $5 million financing round. The main investors include Binance Labs, Faction VC, and DAO5, with other investors such as MPCI, IDG Capital, Symbolic Capital, OAK Grove Ventures, 10K Ventures, PAKA, Web3port, K24 Ventures, and Rootz Labs.ZEROBASE is used to build a real-time zero-knowledge (ZK) proof network, aiming to provide privacy protection and the fastest decentralized computing infrastructure in the world.

ChainCatcher news, CMC Labs under CoinMarketCap (CMC) announced that the large AAA Web3 game Seraph has entered its accelerator program, becoming a major highlight in the Web3 gaming space. Backed by the South Korean gaming giant Actoz Soft, this collaboration with CMC Labs will provide Seraph with more strategic resources and global exposure, helping to accelerate the game's development and expand its influence in the Web3 gaming ecosystem.This partnership is not only a key step for Seraph to expand its influence in Web3 gaming but also demonstrates how Web3 games can integrate blockchain and AI technologies to deliver richer and more valuable gaming experiences. Seraph CEO Tobin emphasized that through this collaboration, Seraph will provide players with a dynamic gaming experience that breaks traditional boundaries, showcasing a new height of GameFi potential.CoinMarketCap CEO Rush also stated that Seraph, as a pioneer in the integration of blockchain and AI, has demonstrated strong innovation in the Web3 gaming sector. With the support of CMC Labs, Seraph will continue to push for innovation in the GameFi space, promoting a decentralized player-driven economic system and the deep integration of AI technology, shaping the future of the Web3 gaming ecosystem.

ChainCatcher news, DWF Labs announced that its trading platform will expand to options trading for Web3 assets. In addition to offering standard options contracts, DWF Labs will also outline options products tailored to specific customer needs.

ChainCatcher news, Memecoin launchpad GraFun today launched its GraFun Labs division, a multi-party initiative aimed at supporting and developing the meme ecosystem on the BNB Chain.The lab's partners include trading firm DWF Labs and Floki. The project will assist small memecoins in community development, branding, marketing, engagement, and influencer marketing.

ChainCatcher news, Saakuru Labs and Memecore announced the establishment of a joint foundation with an initial fund of $10 million, aimed at investing in and acquiring meme coin communities and games within the Saakuru and MemeCore ecosystems.This strategic collaboration will enhance the decentralized application (dApp) ecosystem on the Saakuru Layer 2 protocol while increasing activity on the Memecore Layer 1 protocol. With this funding, both companies will leverage their expertise in blockchain gaming to expand the gaming sector and nurture the next generation of Web3 gaming projects.

ChainCatcher news, according to Bloomberg, video game developer FractureLabs has filed a lawsuit against the well-known cryptocurrency market maker Jump Trading in the federal court in Chicago, accusing it of fraud and deception by manipulating the price of the DIO token.It is reported that FractureLabs originally planned to launch the DIO token on the Huobi exchange (now renamed HTX) in 2021 to raise funds. The company hired Jump Trading as the market maker for DIO and lent 10 million tokens to its subsidiary, while sending 6 million tokens to HTX for sale.The lawsuit claims that Jump Trading systematically liquidated DIO positions, causing the token price to drop to about 0.5 cents, creating millions of dollars in profits for itself. Subsequently, Jump repurchased about $53,000 worth of tokens at a significant discount and returned them to FractureLabs, after which it terminated the market maker agreement.

ChainCatcher news, according to CoinDesk, the development team of the decentralized EVM platform Mento on the Celo network, Mento Labs, announced the completion of a $10 million funding round. This round of financing was supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures, and w3.fund.Mento Labs also announced a stablecoin roadmap, planning to add three local digital currencies to its expanding decentralized stablecoin lineup: Philippine Peso (PUSO), Colombian Peso (cCOP), and Ghanaian Cedi (cGHS).According to project documentation, the Mento stability protocol can be seen as an over-collateralized, decentralized, and transparent stable asset mechanism. The protocol utilizes crypto reserves, allowing users to adjust the supply of Mento stable assets based on changing demand. Users can exchange between Mento stable assets and reserve collateral assets through the protocol.Additionally, the Web3 asset data platform RootData shows that Mento Labs is an innovation lab for stablecoins and digital assets, derived from cLabs (Celo). The lab provides a basket of cryptocurrency asset platforms for Mento, with all Mento stablecoins (cEUR, cREAL, cUSD) fully backed by USDC and DAI. Furthermore, Mento also has support for loyalty and engagement, regenerative finance, as well as risk management, monitoring, and maintenance.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's monitoring, the Fetch.ai Foundation transferred 6 million FET (approximately 8.7 million USD) to DWF Labs 2 hours ago, and currently, 2 million have been deposited into Binance.

ChainCatcher news, Binance Labs announced an investment in the Bitcoin liquid staking platform Lombard. Jacob Phillips, co-founder and strategic director of Lombard, declined to disclose the valuation in the latest funding round but noted that the startup's total funding is currently around $17 million, up from $16 million in the seed round four months ago, indicating that Binance Labs' investment is approximately $1 million.According to RootData, Lombard was founded in April 2024 and is dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on X that they are hiring 16 people for 12 positions, recruiting globally, from technology to sales, and the team is rapidly expanding.

ChainCatcher news, according to The Block, the crypto derivatives exchange Bitnomial announced the completion of a $25 million financing round led by Ripple Labs. At the same time, Bitnomial launched a perpetual futures trading platform called Botanical, which is currently in a closed testing phase.The Botanical platform will provide investors with perpetual futures, traditional futures, and options trading services. Bitnomial CEO Luke Hoersten stated that the company is boldly advancing its mission to provide users with a regulated and innovative trading experience through Botanical, offering an alternative to the currently widely used decentralized exchanges and VPN-based workarounds.Ripple CEO Brad Garlinghouse believes that Bitnomial's introduction of an offshore trading model into the U.S. derivatives industry presents a significant opportunity for establishing a compliant digital asset derivatives market (such as XRP). Bitnomial will utilize Ripple's RLUSD stablecoin for the settlement of perpetual futures.Previous news, Bitnomial filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), questioning its regulatory authority over XRP futures contracts.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on social media: "Don't worry, the crypto market is fixing itself."

ChainCatcher news, DeFi Report founder Michael Nadeau recently stated that the launch of Unichain will directly channel the $368 million paid to Ethereum validators last year into Uniswap Labs and even to UNI token holders. He added that Uniswap Labs will also be able to capture all MEV on Unichain, as it owns all the validators on the network.Nadeau said: "MEV is estimated to account for about 10% of the total fees paid on Uniswap (which was $100 million last year). They can also choose to share a portion of it with token holders."He added that Uniswap's liquidity providers can also benefit from Unichain, as they will be able to participate in settlement and MEV capture through staking.Nadeau stated that Ethereum validators and ETH holders will suffer the most after the launch of Unichain, as the amount of Ether burned will be less and network fees will also decrease.

ChainCatcher news, according to Cointelegraph, venture capital firms Gate Ventures and Boon Ventures have announced a partnership with Movement Labs to establish a new $20 million fund that will invest in Move ecosystem projects, including DeFi, GameFi, and interoperability solutions for data and asset transfer between the Move and EVM ecosystems. Startups supported by this initiative will also participate in its mentorship program and hackathons, and have the opportunity to join the blockchain interoperability research grant program.

ChainCatcher message, Ava Labs co-founder Kevin Sekniqi posted on platform X: "Over the past few years, Avalanche has been focused on achieving horizontal scaling (application chains, etc.), and it seems that it will soon dominate this area. However, there is still much to be done in terms of vertical scaling, and this issue must be addressed next.In my view, larger hardware must be at the core of achieving the above goals."

ChainCatcher news, Sonic Labs Chief Technology Officer Andre Cronje stated: "L2 as an application chain does not make sense for developers:Almost no infrastructure support at deployment (such as stablecoins, oracle, and institutional custody);No foundation or lab to provide assistance;Centralized architecture is vulnerable;Fragmented liquidity and forced through cross-chain bridges;Lack of user and developer community;Spending time dealing with the above issues instead of applications and users;Eliminating network effects;Still requires long transaction confirmation times (some providers are unwilling to cooperate);Developed in isolation (without collaborative teams).Application chains also severely underestimate the costs of infrastructure and compliance (browsers, hosting, trading platforms, oracles, bridging, toolkits, IDEs, on/off ramps, native issuance and integration, regulation, compliance). In 2024 alone, $14 million has already been spent, a significant portion of which is recurring costs."

ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

ChainCatcher news, according to Spot On Chain monitoring, 3 hours ago, DWF Labs deposited 500,000 AXL (approximately $420,000) to Binance.Currently, DWF Labs still holds 2.5 million AXL (approximately $2.1 million).