ChainCatcher news reports that after the U.S. government sued the market maker Gotbit, the meme coin projects Beercoin and WaterCoin, along with Hamster Kombat and Neiro, also issued statements clarifying their relationship with Gotbit.Beercoin stated on the X platform: "The BEER team has long ceased cooperation with Gotbit and has turned to other market makers."WaterCoin stated: "We want to clarify that we do not cooperate with Gotbit and have no association with them. After the launch of WATER, we expressed concerns about Gotbit's integrity and changed our market maker." However, there are users in the comment section of these two projects' clarification posts who express skepticism about their statements.In addition, Lookonchain posted on October 10 that Gotbit previously claimed they sold WATER to bring the price down to a fair level. However, the number of tokens sold by Gotbit far exceeded the number purchased.Previously, Neiro announced the termination of its partnership with market maker Gotbit; Hamster Kombat stated that it has never cooperated with market maker Gotbit.

ChainCatcher news, the Telegram ecological game Hamster Kombat stated on the X platform: "We are committed to ensuring the transparency of the Hamster ecosystem. In light of the recent news regarding Gotbit, we want to clarify that Hamster Kombat has never collaborated with Gotbit as a market maker."Previous news, U.S. prosecutors have charged four cryptocurrency "market makers" and their employees with market manipulation and fraud, including Gotbit.

ChainCatcher news, in response to crypto detective ZachXBT questioning why Neiro initially chose the notoriously poor-reputed Gotbit as a market maker, Neiro's CTO co-leader "S" stated that when Sun Yuchen's tweet announced its listing on HTX, there was actually only a few hours to find one, making time tight. The choice of Gotbit was partly because at that time the market maker offered a retention agreement, which was the most affordable option so far, and partly because the project viewed it as a quick solution for the HTX listing (the agreement with Gotbit was for 3 months), with plans to explore other options when the budget allowed. Additionally, there was a lack of judgment experience in the industry; although they had heard various bad things about Gotbit, they had also heard bad things about almost everyone in the industry, making it difficult to make a judgment."S" also stated: "I had not had direct contact with Gotbit before, so I chose to trust them and gave them a chance. Gotbit also marketed itself as a 'meme coin friendly' market maker, which seemed like an attractive proposition.""S" concluded: "But ultimately, I take full responsibility for this; I should have been more careful. I am deeply pained by this outcome and have paid a huge price for it. At the same time, it has given us a tremendous learning opportunity, forcing us to fundamentally improve the project by collaborating with better and more market makers to reduce counterparty risk and upgrade the market for Neiro trading."Previous news, on-chain detective ZachXBT stated that Neiro should perhaps explain to the community why they initially chose Gotbit, as their reputation has always been poor, and before the U.S. government accused them of fraud and market manipulation this week, there was substantial evidence indicating Gotbit's involvement in price manipulation.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) jointly filed lawsuits on October 9 against four cryptocurrency companies suspected of fraud and market manipulation, including Gotbit Consulting, ZM Quant Investment, and CLS Global. These manipulated tokens were then sold at artificially inflated prices to unsuspecting buyers. These companies also promoted these tokens and persuaded exchanges to lower fees, further increasing profits.Gotbit is the largest company on this list. This market maker collaborated with well-known brands such as Bonk, Neiro, Hamster Kombat, and Robo Inu. At its peak, the company managed assets totaling $1.5 billion and made nearly $200 million in investments through Gotbit Ventures. Gotbit now faces a maximum fine of $5 million or twice the amount of illegal gains or losses, as well as asset forfeiture. The CEO, who is also facing charges, could face up to 20 years in prison.It is reported that in 2019, Gotbit's 20-year-old CEO Alexey Andryunin told CoinDesk about his practices: Gotbit was not registered in any jurisdiction because it was "not entirely ethical." In 2023, ZachXTB uncovered Andryunin's operations with the help of some leaked documents and a promotional material that stated: "In the first few minutes of the price discovery phase, we will push the price up 10 times to create FOMO and accumulate as much buying power as possible, and sell the most tokens during the subsequent surge."

ChainCatcher message, on-chain detective ZachXBT commented on Neiro's announcement to terminate its partnership with the market maker Gotbit, suggesting that Neiro should perhaps explain to the community why they initially chose Gotbit, as their reputation has been poor. Before the U.S. government accused them of fraud and market manipulation this week, there was substantial evidence indicating that Gotbit engaged in pump-and-dump activities.

ChainCatcher message, Neiro's official announcement states that it has terminated its partnership with the market maker Gotbit. Issues involving Gotbit or its employees do not pertain to Neiro and are unrelated to Neiro. It is the right decision for the Neiro project and community to maintain distance.Neiro has withdrawn some market maker funds back to the community's multi-signature, and while waiting for the remaining funds, CTO S will use his personal funds to allocate to the market makers. To ensure a seamless transition, Neiro will collaborate with a new market maker within a few hours or days after the publication of this article.

According to ChainCatcher news, monitored by The Data Nerd, in addition to Wintermute, there are three market makers (MM) and one venture capital firm holding $NEIRO_ETH tokens. The specific holdings are as follows:• GSR holds 15 million $NEIRO_ETH, worth approximately $1.14 million;• Toka Labs holds 51,140 $NEIRO_ETH, worth approximately $384,000;• Auros Global holds 36,000 $NEIRO_ETH, worth approximately $270,000;• Arrington holds 51,070 $NEIRO_ETH, worth approximately $383,000.

According to ChainCatcher news, monitored by The Data Nerd, several market makers have deposited stablecoins into CEX, including Binance, OKX, Bybit, and OSL, among which:Wintermute deposited 42 million USDT;Animoca deposited 16.75 million USDT;Flow Traders deposited 34.12 million USDC;Whale Carrot_BTC deposited 6.9 million USDC;A total of 100 million stablecoins have been deposited.

ChainCatcher news, according to @ai_9684xtpa's monitoring, Galaxy Digital, one of the three major market makers of EIGEN, withdrew 470,000 EIGEN from Binance three hours ago, worth 1.75 million dollars. Since the withdrawal, EIGEN has nearly risen by 8%.Galaxy Digital received 1.43 million market-making tokens on October 1, and that address had not interacted for a week before today's operation.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa, EIGEN will open token transfers today. Currently, there are suspected three market makers, collectively allocated 6.48 million EIGEN for market making:Flow Traders: 3.45 millionAuros Global: 1.6 millionUnknown market maker: 1.43 million

ChainCatcher news, according to monitoring by The Data Nerd, 1 hour ago, the market maker Flow Traders withdrew a total of 260 BTC (approximately 16.94 million USD) from multiple CEXs.

ChainCatcher news, according to DL News, a new study by cryptocurrency market maker Keyrock shows that 88% of tokens launched alongside airdrops this year have seen their prices decline, with most plummeting within 15 days. Price changes after airdrops mainly occur in the initial few days. Three months later, few tokens manage to achieve positive returns, with only a handful able to reverse this trend.It is commonly believed that the more tokens a project airdrops, the worse their performance will be in the public market. However, this general perception is not supported by data. Keyrock stated, "Contrary to popular belief, larger airdrops do not always lead to sell-offs. A token that allocated 70% to airdrops achieved positive growth, indicating that full diluted valuation (FDV) management is more important."Keyrock pointed out two reasons for the failure of high FDV token airdrops. First, projects with inflated FDV often struggle to maintain momentum as perceived upside becomes limited. Second, tokens with high FDV often lack the liquidity to support these valuations. Keyrock stated, "Without sufficient liquidity, prices become highly sensitive to sell-off pressure."

ChainCatcher news, Bitcoin infrastructure developer Satflow announced the completion of a $7.6 million seed round financing, led by Variant Fund, with participation from Nascent, UTXO Management, Coinbase Ventures, Hash3, CMS Holdings, Asymmetric, Sora Ventures, Memeland, Robot Ventures, and Bitcoin Frontier Fund.Satflow will focus on providing infrastructure for market makers and high-frequency traders, elevating Bitcoin L1 to institutional-grade quality and enhancing decentralization.Satflow stated, "We are currently developing privately, but details on early access will be announced soon."

ChainCatcher news, according to The Block, digital asset trading company STS Digital has acquired Swiss cryptocurrency market maker flovtec to expand its market-making capabilities and enhance liquidity solutions.The press release states that STS Digital specializes in over-the-counter trading and market making, and the company believes that the strategic acquisition of flovtec will "significantly accelerate its market-making services," as "this will provide flovtec's existing clients with deeper liquidity and tighter spreads." Enhanced services may include regulated custody, customized liquidity solutions, and trading strategies. The acquired company's trading infrastructure and proprietary algorithms will be integrated into STS Digital's existing platform. STS claims this will "facilitate the development of new innovative trading products and services." Additionally, flovtec's regulation in Switzerland may assist STS Digital in expanding into the European market.