ChainCatcher news, according to market news, the U.S. Securities and Exchange Commission (SEC) has sued THOR co-founder Matthew Moravec, accusing him of unregistered sales of cryptocurrency securities.

ChainCatcher news, the privacy data oracle protocol zkPass has completed a $12.5 million Series A funding round with a token valuation of $100 million, with participation from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. The Series A funding brings zkPass's total funding to $15 million.The zkPass token is expected to launch in the first quarter of next year.According to RootData, zkPass is a privacy data protocol that utilizes 3P-TLS and hybrid ZK technology, providing tools and applications for secure and verifiable data sharing from any HTTPS website without the need for Oauth API, while ensuring privacy and integrity guarantees.

ChainCatcher news, the Web3 venture studio BlockBooster has officially launched BoostORA, a brand platform that integrates and promotes Web3 innovations and events. The first event, BoostORA: SEA Autumn 2024, will focus on activities held in Hong Kong and Thailand from October to November, aiming to provide a showcase platform for Web3 developers and creators, and to promote innovation and collaboration in blockchain technology.It is reported that this event will collaborate with multiple strategic partners to host several important activities centered around developers, including workshops, Demo Days, and more, to support the prosperity and development of the Web3 ecosystem.BoostORA will set sail from Hong Kong, promoting collaboration to gain broader attention and interaction for Web3 events globally, accelerating the development of the global Web3 ecosystem.

ChainCatcher news, the decentralized storage network Walrus Protocol has launched its public testnet. The public testnet of Walrus and its testnet token WAL are serviced by Sui as the coordination layer. Sui provides Walrus with a dedicated management architecture to store its global state and metadata, enabling fast consensus, composability, and the opportunity to integrate storage into smart contracts on Sui.The Walrus protocol can store and transmit large data files from any web2 or web3 source, including media content, audio files, videos, images, PDFs, and more. These large files are referred to as blobs, which are stored quickly and efficiently by Walrus, characterized by resilience, scalability, programmability, and security.

ChainCatcher news, the decentralized AI project Gaia announced a partnership with the AI data liquidity network Vana to jointly build a more transparent AI ecosystem centered around user data.Gaia stated that this collaboration enhances Gaia's decentralized plan by integrating user data in a way that maintains privacy and ownership, allowing users to train using Vana's private database, creating opportunities for the development of highly customized and specialized AI ecosystems.It is reported that the Gaia decentralized AI platform adopts a modular and highly adaptable architecture, enabling developers to create unique AI solutions that can easily interact with various data sources and knowledge bases. With Vana's distributed data network, developers can access user-owned datasets tailored for specific use cases, providing additional customization options.Gaia and Vana will also invest in other community projects to help developers create new AI applications. Gaia and Vana aim to promote the use of decentralized AI by building a global community of AI developers and establishing a thriving AI application ecosystem that benefits both users and developers.

ChainCatcher news, the South African Financial Sector Conduct Authority (FSCA) temporarily suspended the financial services provider license of the cryptocurrency trading platform Banxso on Wednesday, citing concerns that its marketing practices promised clients unrealistic returns.There were previous allegations that Banxso used deepfake techniques in its advertising and employed aggressive sales tactics to pressure clients into investing without proper risk assessment.

ChainCatcher news, the crypto market data aggregation and analysis platform CryptoRand released the global crypto app download ranking for September, with Binance ranking first, reaching 9.9 million downloads. Bitget Wallet, Bybit, and Bitget ranked second, third, and fourth respectively.

ChainCatcher news, according to official sources, the ZK-driven interoperability protocol Union has announced its integration with the modular General Abstract Layer XION, bringing chain abstraction into the Union ecosystem. This will provide the growing list of connected chains in the Union network with XION's user-friendly features, reducing friction in the web3 user experience.With the integration of XION, all users on Union's connected chains will gain powerful new capabilities along with Union's fast, low-cost, and secure ZK-supported transaction and messaging functionalities.

ChainCatcher news, recently, the Oak Grove Ventures - Zhejiang University School of Software Blockchain Joint Laboratory team won the first prize at the CCF2024 China Digital Services Conference Service Computing Innovation Competition.This competition is co-hosted by the Teaching Guidance Committee for Software Engineering of the Ministry of Education of China and the Service Computing Special Committee of the China Computer Federation, making it one of the most influential events in the field of computer science in China, and it enjoys a high reputation internationally.The goal of the award-winning project is to utilize new generation information technologies (such as the Internet of Things, artificial intelligence, big data, etc.) to build a wide-ranging, responsive, and highly intelligent water area supervision system. Through technological innovation, this system can significantly enhance the efficiency and accuracy of water area supervision, achieve rapid identification and response to malicious behaviors, provide scientific basis for ecological protection of water areas, and ultimately realize intelligent water area governance. This project not only showcases the team's outstanding capabilities in scientific research and innovation but also highlights their excellent spirit of collaboration.

ChainCatcher news, the social gaming metaverse Ultiverse has partnered with the oracle protocol ORA to launch the AI x Gaming hackathon event "O.A.G", supported by Polychain Capital, DAO5, and Animoca Brands. The first round of applications will start tomorrow and end on December 12. Participants in the O.A.G incubator will ultimately be able to present their projects to investors.It is reported that the purpose of this initiative is to strengthen AI-driven Web3 gaming and application projects. Selected projects can receive funding of up to $2 million, as well as marketing and strategic support. The program focuses on product-market fit, fundraising, market strategy, and sustainable growth.

ChainCatcher news, according to the Pioneer Economy, Korea's largest institutional investor, Korea Investment Corporation (KIC), recently clarified to the National Assembly that its investments in U.S. crypto-related stocks such as Coinbase and MicroStrategy are not intended to directly engage in virtual assets, but are part of its benchmark index tracking strategy.In the materials submitted to the National Assembly's Finance Committee, KIC stated that these investments are a result of following its benchmark index MSCI ACWI ex Korea (non-hedged version). Coinbase was included in the index in December 2021, while MicroStrategy was added in June 2024. KIC emphasized that the scale of its investments in these companies is generally consistent with their weights in the index.This clarification from KIC comes in response to questions from the National Assembly regarding whether public funds are indirectly investing in cryptocurrencies. According to the U.S. Securities and Exchange Commission (SEC) 13F filings, in the second quarter of 2024, KIC and the National Pension Service of Korea purchased 21,000 and 245,000 shares of MicroStrategy, respectively. Additionally, KIC has been investing in Coinbase since the fourth quarter of 2021, holding a total of 50,400 shares.

ChainCatcher message, regarding "Morpho lost about $230,000 due to oracle configuration errors," Morpho responded in a post on X stating: "The protocol provides permissionless infrastructure, creating an open market for risk curation. While errors may occasionally occur in risk management, the underlying protocol remains secure and resilient. We will continue to equip curators with powerful tools to reduce the likelihood and impact of such occurrences."

ChainCatcher news, last week the U.S. September CPI and PPI data were released one after another, sending somewhat mixed signals to the market. However, the overall data reflects that inflationary pressures still exist, and a 25 basis point rate cut by the Federal Reserve next month has almost become a certainty.According to 4E monitoring, last Friday's unexpectedly flat PPI data led to a collective rise in the three major U.S. stock indices, with both the Dow Jones and S&P 500 indices hitting intraday all-time highs. Last week, the Dow rose 1.21%, the S&P 500 gained 1.11%, and the Nasdaq increased by 1.13%, marking the fifth consecutive week of gains for all three indices. The cryptocurrency market followed the rise in U.S. stocks, with Bitcoin climbing back above $62,000, closing at $62,659, with a weekly decline narrowing to 1.82%. Ethereum was reported at $2,455, with a weekly decline narrowing to 1.47%.In the forex commodities sector, the U.S. dollar index continued to rebound last week, rising 0.4%, leading to declines in most non-U.S. currencies. Affected by the escalating tensions in the Middle East, international oil prices rose for the second consecutive week, with U.S. oil gaining 1.6% over the week and Brent oil rising 1.3%. The fluctuating dollar also drove spot gold further towards its historical high, with a slight increase over the week; COMEX gold futures were reported at $2,674.2 per ounce, with a cumulative increase of 0.04% for the week.This week, U.S. economic data is relatively calm, and corporate earnings reports may become a bigger focus. As the new earnings season kicks off, U.S. stocks may face tests. Recently, the most dangerous news for the cryptocurrency market is the possibility of the U.S. government selling 69,000 Bitcoins (approximately $4.2 billion). Additionally, with only a few weeks until the U.S. elections, the tight election situation adds a lot of uncertainty to the market.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex. Recently, it launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, Chaos Labs founder Omer tweeted that the PAXG/USDC market on Morpho lost approximately $230,000 due to an oracle configuration error.Specifically, the Oracle SCALE_FACTOR configuration on Morpho failed to account for the difference between USDC (6 decimal places) and PAXG (18 decimal places), which resulted in a 12-digit inflation of the PAXG price, and the security monitoring may have focused on the reference price rather than the calculated oracle price. Ultimately, the attacker deposited $350 worth of PAXG and borrowed $230,000 worth of USDC.

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 news, according to Bitcoin.com, the South African Revenue Service (SARS) has announced the inclusion of crypto assets in its compliance program. The revenue service is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers.SARS recently stated that it felt it necessary to take this step after noticing that taxpayers were not declaring crypto assets and transactions on their tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrencies.In its latest comments on the issue, SARS stated that it is working to simplify compliance for taxpayers and traders. Meanwhile, tax officials emphasized the consequences of intentional tax evasion. To achieve this goal, SARS stated that it has strengthened its audit team and adopted the latest technology.

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, according to The Block, Worldcoin has partnered with Dune to enhance transparency for users ahead of the World Chain mainnet launch. Dune will enable the Worldcoin community to access on-chain data through detailed analyses or insights. This collaboration also aims to provide metrics such as the real number of chain interactions for developers and users, as well as the performance of DeFi protocols or DEXs based on World Chain.