ChainCatcher news, the crypto betting platform BetHog has completed a $6 million seed round financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Eilers & Krejcik, LLC honorary partner Chris Grove, and Flutter Entertainment co-founder Josh Hannah.The company was founded by tech entrepreneurs Nigel Eccles and Rob Jones, who co-founded FanDuel in 2009. FanDuel is a leader in the U.S. sports betting market, with a market share of 42% in 2022.BetHog is built on Solana, with SOL as the supporting token for its PvP games. BetHog will also accept Bitcoin, ETH, and USDT in other games. After the first round of financing, BetHog will prioritize investment in product development while expanding its business through strategic partnerships. The company currently has 10 employees.

ChainCatcher news, according to 8marketcap data, Ethereum's market capitalization has risen to approximately $400.7 billion, surpassing Procter & Gamble, ranking 32nd in global asset market value.

ChainCatcher news, Zypher co-founder Maggie Wang announced at the "DeInsight 2024" annual summit's "Insights from Innovators" roundtable discussion that the game "Crypto Rumble," powered by the Zypher ZK game engine, will launch this month on Zytron Pioneer and airdrop blind boxes and other game assets to on-chain active users of the Linea mainnet and ETH mainnet."Crypto Rumble" is a blockchain game developed based on the Zypher Network's zk game engine, which won the championship at the 2023 BNB Chain Istanbul Hackathon under the leadership of the Zypher team. This game combines card RPG and match-three elements, with all game logic based on Zypher Network's server abstraction technology, built entirely on-chain without relying on centralized servers. Game assets, processes, and outcomes can be directly verified on the blockchain, ensuring transparency and integrity, providing players with a fair and just gaming experience and true asset ownership.

ChainCatcher message, according to on-chain detective ZachXBT monitoring, the cryptocurrency gambling platform Metawin was allegedly attacked earlier today, with over $4 million stolen on the Ethereum and Solana chains, linked to more than 115 theft addresses associated with the attacker. So far, the stolen funds have been transferred to Kucoin and HitBTC nested service.

ChainCatcher news, the decentralized content platform MovieBloc has announced the MBL token distribution plan, with a total supply of 30 billion MBL tokens.Among them:Marketing: 11% of the total supply.Ecosystem: 43% of the total supply.Foundation: 10% of the total supply.Team: 15% of the total supply.IEO (Gate.io): 8% of the total supply.Private: 3% of the total supply.ONT Foundation: 10% of the total supply.

ChainCatcher news, according to the Hong Kong Monetary Authority, JPMorgan, R3, and WeBank will join the Ensemble project architecture working group as new members. Previously, the working group members included the Monetary Authority, the Securities and Futures Commission, the Hong Kong Centre under the Bank for International Settlements Innovation Hub, the CBDC Expert Group, and seven private institutions.In addition, China Construction Bank (Asia) Corporation Limited, Fubon Bank (Hong Kong) Limited, Yintong, and OSL Digital Securities Limited will become new participants in the Ensemble project and will conduct testing on fixed income and investment fund use cases in the Ensemble sandbox.

ChainCatcher news, HashKey Jeffrey stated that since the U.S. interest rate cut, the global securities market has seen a glimmer of recovery. Following the A-share market, the Hong Kong stock market has also experienced a rare trading frenzy. According to today's closing data, the Hong Kong Hang Seng Index soared by 6.2%, with the technology index skyrocketing by 8.5%. Since September 11, the Hang Seng Index has almost risen in a straight line, currently reaching 22,448 points, approaching the 22,689 points set on January 27, 2023, marking the highest point in nearly 31 months.The trading volume in the Hong Kong stock market has exceeded one trillion for several consecutive days, with a massive influx of buy orders, leading to trading delays on the exchange's servers, a situation reminiscent of 2015. The significant price increase has strong support from trading volume, which is a clear bullish signal indicating that investors are flocking to join this trend reversal, suggesting that the turning point from bear to bull market may have arrived.What does this mean for the crypto market? Will the crypto market continue to be "bled dry," or will it see a widespread rally? Currently, the Hong Kong stock market is recovering first, and the mainland securities market is also rising due to policy reasons, but the U.S. stock market, Japanese stock market, and the cryptocurrency market have all seen declines in the past two days due to capital diversion. Historical data shows that the massive liquidity from U.S. interest rate cuts tends to lead to a general economic recovery, but funds will first flow into markets with higher returns. In the initial period, the effects of the interest rate cut may not have fully radiated, and countries may adopt certain policy measures to compete for liquidity; the current "bleeding" phenomenon may just be a manifestation of liquidity competition among different markets before the effects of the interest rate cut spread.

ChainCatcher news, according to CoinDesk, the Web3-based fantasy sports platform Sorare has been sued in the UK for providing unlicensed gambling facilities.This is the first time the UK Gambling Commission has taken action against a blockchain platform. Sorare, headquartered in Saint-Mande, France, operates fantasy games for football, basketball, and baseball, where users buy and trade cards through NFTs. The company has partnered with several sports associations, including the Premier League and Bundesliga.The Commission stated that Sorare does not hold a gambling operating license and must appear in Birmingham Magistrates' Court on October 4. Sorare denies the allegations, claiming that its platform does not fall under gambling products.

ChainCatcher news, according to Protos, the Web3 football game Sorare has been accused by the UK Gambling Commission of operating without a license.The Commission stated today: "Sorare is accused of providing gambling facilities without holding an operating license, which violates the Gambling Act 2005. A court hearing is scheduled for October 4."The company disputes the accusation, claiming that the law is being misapplied. Sorare stated: "The Commission has misunderstood our business and incorrectly believes that gambling laws apply to Sorare. We firmly deny any claims that Sorare is a gambling product under UK law."It is reported that Sorare is a football fantasy league game utilizing the Ethereum blockchain, allowing players to trade football cards.

ChainCatcher news, according to Sina Technology, Ant Group has posted multiple RWA architect positions on overseas social media platforms, all located in Hong Kong. Sources reveal that these new hires will participate in the sandbox work of the Hong Kong Monetary Authority's (HKMA) wholesale central bank digital currency Ensemble project.

ChainCatcher News, the U.S. Attorney's Office announced that 38-year-old Denver resident Jonathan Arvay has been convicted of conspiring to operate an illegal gambling network.His gambling operation spanned multiple gaming halls across Colorado, using electronic games and a fake cryptocurrency called Obsidian Digital Asset Coin (ODAC) to disguise the operation of redeeming points for cash. The sole function of this cryptocurrency was to exchange cash at "cryptocurrency ATMs" located next to or inside the casinos, revealing money laundering and fraud activities.

ChainCatcher news, according to CoinDesk, the Commodity Futures Trading Commission (CFTC) has warned that election gambling related to the U.S. elections is about to see explosive growth, and has requested the appellate court to continue suspending Kalshi's political prediction market while the agency's appeal is still pending.In a document submitted on Saturday, the CFTC stated that the district court's order has been interpreted by Kalshi and others as the "open season for election gambling," referring to a ruling on September 6 that determined the CFTC should not block the company from offering contracts on which party will control both houses of Congress.The agency noted that following this ruling, Wall Street giant Interactive Brokers announced it would offer contracts for the presidential election through its CFTC-regulated subsidiary. The CFTC indicated that unless the U.S. Court of Appeals for the District of Columbia extends the suspension of Kalshi contracts during the appeal, other CFTC-regulated exchanges will follow suit.The CFTC reiterated that "the surge in election gambling on U.S. futures exchanges will harm the public interest." These harms include market manipulation and undermining the integrity of elections.

ChainCatcher news, the Singapore Parliament has passed the amendment to the Casino Control Act, aimed at further enhancing the effectiveness of the country's casino regulatory system and its protection for vulnerable groups. The government will empower the Gambling Regulatory Authority (GRA) with more authority to oversee more forms of gambling activities within casinos, including betting and lotteries.The amendment covers digital currencies, with cryptocurrencies not being permitted by the GRA to be used as casino chips, primarily due to the risk of money laundering.

ChainCatcher news, the Hong Kong Monetary Authority has launched the Ensemble project sandbox to promote tokenization applications. According to disclosed information, a total of 25 institutions are participating in the first phase, including the four major banks: HSBC, Bank of China Hong Kong, Hang Seng Bank, and Standard Chartered, as well as Ant Group and HashKey Group.The first phase of the sandbox will focus on four major tokenized asset use case themes: fixed income and investment funds, liquidity management, green and sustainable finance, and trade and supply chain financing.Hang Seng Bank's Executive Director and CEO, Angela Wong, stated that this testing provides valuable experience for tokenized deposits and asset trading, helping to improve the efficiency of existing settlement processes and reduce settlement risks, laying the foundation for the future development of new financial market infrastructure. Following this sandbox test, Hang Seng will continue to actively participate in the testing and research of Ensemble project use cases.

ChainCatcher news, the Hong Kong Monetary Authority held the launch ceremony for the Ensemble project sandbox today, announcing that the first phase of the experiment will cover four major tokenized asset use case themes, marking an important step forward in the practical application of tokenization technology in the financial industry.

ChainCatcher news, according to Moneycontrol, the Indian government is investigating the potential misuse of Telegram in criminal activities, particularly extortion and gambling. If the investigation yields unfavorable results, the app may face a risk of being banned. This news comes as Telegram founder and CEO Pavel Durov was arrested in Paris on August 24 due to content moderation issues.It is reported that the investigation in India is led by the Ministry of Home Affairs and the Ministry of Electronics and Information Technology, focusing on criminal activities within Telegram's peer-to-peer communication features.

ChainCatcher news, Rumble founder Chris Pavlovski posted on social media, "I’m a bit late to the party because ------ I just safely left Europe. France has already threatened Rumble, and now they have crossed the line by arresting Telegram CEO Pavel Durov, reportedly for not censoring speech. Rumble will not tolerate this behavior and will use all legal means to fight for the universal human right of freedom of speech. We are currently fighting in the French courts and hope that Pavel Durov will be released immediately."It is reported that Rumble is an online video platform with web hosting and cloud services, headquartered in Toronto, Ontario, Canada, with its U.S. headquarters located in Longboat Key, Florida.