ChainCatcher news, the Roach Network's testnet has officially launched, bringing significant innovations to the Bitcoin ecosystem. After three months of testnet operations, Rooch has demonstrated its outstanding processing capabilities, handling over 130 million transactions. The testnet has synchronized the Bitcoin genesis block and historical transactions, focusing on enhancing security, decentralization, and exploring new application scenarios.By integrating MoveVM, Rooch supports developers in creating native applications within the Bitcoin ecosystem using the Move language, achieving true decentralization. Users can directly use Bitcoin wallets without the need for custody to participate in various applications within the Rooch ecosystem.Meanwhile, Rooch has launched the "Grow Bitcoin" platform, allowing native BTC holders and Babylon staking users to obtain "Grow" tokens through signature verification, thereby supporting Bitcoin projects and earning rewards. Users with UTXOs can now claim RGas from the official faucet to explore and participate in applications within the ecosystem.Rooch's testnet lays a solid foundation for the upcoming mainnet, committed to building a more powerful and decentralized Bitcoin ecosystem.

ChainCatcher news, OKX Ventures announced its investment in the first MoveVM L2 network, Movement. Movement is the first integrated blockchain network designed specifically for speed and security. By building the first MoveVM L2 on Ethereum, Movement is able to achieve parallelization and formal verification at the execution layer, effectively scaling applications. Application chains and protocols launched on Movement can benefit from unique high throughput and complete smart contract security while remaining on Ethereum for optimal liquidity and security."We are excited to be part of the investment in Movement Labs. Movement is an EVM modular network based on the move language, leveraging the move language to optimize the security and performance bottlenecks of Solidity, combining the security and parallelism of smart contracts with the liquidity and user base of EVM to create a faster, cheaper, and more flexible and compatible L2 network. The design of its M1 and M2 products enables developers to build and deploy the modular framework for move language infrastructure, applications, and blockchains in any environment, empowering the large-scale application and development of the move language," said Dora, founder of OKX Ventures.