ChainCatcher news, according to official sources, OKX has now launched the PENGU trading competition. During the event, users who recharge and trade PENGU will have the chance to share a total prize pool of 100,000,000 PENGU. Meanwhile, users participating in the PENGU trading photo activity on OKX's Chinese official Twitter and completing designated tasks will have a chance to be randomly selected, with 10 eligible users receiving 3000 PENGU each.

ChainCatcher news, according to Jinshi reports, ahead of the U.S. presidential election on Tuesday, Musk's daily giveaway of one million dollars to voters has avoided legal challenges from the Philadelphia district attorney, as a Pennsylvania judge refused to block the activity. Pennsylvania is a key swing state.The Pennsylvania judge dismissed the district attorney's request to stop the contest, which claimed it was an illegal lottery. Musk's lawyer stated at the hearing that the winners of the contest are not chosen randomly. The selection of winners is based on whether they are "suitable" to be public spokespersons for Musk's political action committee, typically based on their personal stories. Shortly thereafter, the judge made the ruling without any argument.

ChainCatcher news, according to Caixin, a federal judge in Pennsylvania has remanded the lawsuit against American entrepreneur Elon Musk regarding his "million-dollar lottery" attempt to influence the U.S. elections back to the state court in Pennsylvania. Philadelphia District Attorney Larry Krasner filed a lawsuit against Musk and the "American Political Action Committee" on October 28, accusing them of illegally operating a lottery to influence the presidential election.At a hearing on October 31, Pennsylvania Judge Angelo F. Ciletta stated that he no longer had jurisdiction over the case due to Musk's request to move the lawsuit to federal court, unless the federal court remands the case back to the state court.It is reported that Musk supports former U.S. President and Republican presidential candidate Donald Trump, spending millions of dollars to support his campaign. Musk announced a lottery with a $1 million prize through the "American Political Action Committee," aimed at increasing voter registration in competitive areas.

ChainCatcher news, according to CNBC, the Philadelphia district attorney has filed a lawsuit against Elon Musk's political action committee (PAC), demanding it to stop a $1 million lottery event for voters.

ChainCatcher news, according to Bitcoin.com, Orbitt co-founder Artur Guliński stated that the Web3 market is still in its early stages, with many participants viewing it as a "lottery." This trend is particularly evident in the blockchain ecosystem where Meme coins have a significant impact. These characteristics distinguish current Web3 traders from their counterparts in traditional financial markets, which are less volatile.However, Guliński pointed out that an increasing number of Web3 traders are shifting from short-term strategies to long-term strategies, indicating that the market is maturing. Guliński also warned against over-reliance on software tools like scam checkers. While they are valuable for newcomers, Guliński emphasized that these tools "should be used as a supplement, not a replacement for healthy skepticism and research."

ChainCatcher message, the blockchain game Bit Beast has launched a welfare activity. Participants who complete a 30-second beginner trial will receive a reward worth 17U that can be withdrawn directly. This activity has zero thresholds and zero risks. Additionally, there are 800 activation codes for "Black Myth: Wukong" available for participants to draw.According to previous reports, the Bit Beast mainnet has officially launched, and players can earn profits by adopting pets.

ChainCatcher message, BNB Chain updates its DappBay high-risk DApp red alarm project list, with recently added projects including LasMeta Lottery, Kontos Protocol, and InvisibleEggs.

ChainCatcher news, the Pirate Nation Foundation stated on the X platform that the TGE event on the 13th aims to distribute tokens to the most loyal, engaged, and active players and collectors of the game. Therefore, it has been decided to open a lottery for players who did not meet the sufficient gaming or collecting thresholds in Season 1 (including the preseason). Approximately 25,000 wallets will participate in the lottery, with 10% randomly selected as winners, who will receive a token airdrop allocation.

ChainCatcher news, cryptocurrency exchange Coinbase launches a DOGE lottery promotion where the user agreement's dispute resolution clauses are in conflict. Coinbase prefers arbitration for financial disputes, while users lean towards court intervention, with both options listed in the platform agreement. On May 23, the U.S. Supreme Court ruled that state and federal courts have exclusive jurisdiction over disputes related to the Coinbase lottery promotion.

ChainCatcher news, the London-based cryptocurrency accounting firm Harris and Trotter Digital Assets, which serves clients globally, announced the completion of a $10 million strategic financing to address the accounting challenges faced by all Web3 projects. This round of financing was led by Orbs, with participation from Kingsway Capital, RE7 Capital, and other notable individuals from the Web3 community. The financing was conducted at an equity pricing, valuing Harris and Trotter Digital Assets at $85 million.The executive team at Harris and Trotter Digital Assets has previously worked at major accounting firms such as PwC, KPMG, Deloitte, EY, and BDO, with a total team size of over 45 people. CEO Nicholas Newman stated that digital assets are a rapidly evolving technological field, and their demand can only be met by professional service firms with similar technical capabilities. This strategic investment aligns the company with the largest drivers and leaders in the industry, further enhancing its technical strength as it rolls out an increasing number of SAAS products and services.This round of investment will further accelerate the rapid growth of Harris and Trotter Digital Assets, continuing to expand on its existing base of approximately 500 crypto-native clients. Ran Hammer, Vice President of Business Development at Orbs, stated that Harris and Trotter Digital Assets combines expertise with blockchain technology, and the team now aims to operate at the forefront of fintech, providing tools such as proof of reserves.

ChainCatcher news, OKX Web3 partners with Phaver to offer NFT lottery whitelist. From April 16, 2024, to April 22, 2024, users who complete designated tasks in the OKX Web3 Drops section will have the chance to obtain the Phaver-Up NFT whitelist, limited to 200 pieces.It is reported that Phaver is a Web3 social application based on Lens, which has raised over $8 million in funding, with a valuation of approximately $80 million. The Phaver-Up NFT is one of the native on-chain rewards launched by Phaver, aimed at providing holders with priority participation in future events and other benefits.

ChainCatcher news, the mrc20.app mascot meme project OTTER has announced the integration of the MRC50 and SFTs models. Currently, users have minted over 400,000 SUI tokens, and trading pools have been opened on the SUI network Cetus, with a short-term increase of up to 4 times.It is reported that mrc20.app is a token issuance, trading, and management protocol on SUI. Users can launch meme coins in the form of SFTs at the cost of 1 $SUI token and combine them with the construction of full-chain games, full-chain applications, etc. Currently, this model has gained the attention of Sam Blackshear, CTO and co-founder of SUI, and Adeniyi, CPO, on Twitter.

According to official news, the TinFun NFT lottery started on January 10 at 09:00 UTC+8, using ChainLink VRF to randomly generate the final winning numbers on-chain. The lottery process lasted for about 1 hour.According to community feedback, participants can now check the lottery results on the official website.

ChainCatcher news, the NFT project TinFun tweeted that the public sale lottery amount has reached the expected target of 25,000 ETH. TinFun has decided to close the public sale early at 8:00 AM Beijing time on January 8. The whitelist sale time remains unchanged and will end at 11:00 AM on January 8. The lottery results will be announced within 2 days, and the refund collection page will be opened.According to Dune data, the TinFun series NFT public sale lottery deposit event attracted a total of 131,154 non-whitelist addresses to participate, with an investment of 24,912.1 ETH, and the winning rate was 1.69%.

According to ChainCatcher news, monitored by The Data Nerd, in the last 11 hours, the whale address starting with 0xfbf has accumulated a large amount of meme tokens, including 38.09 billion PEPE (490,000 USD). Currently, it holds a total of 75.9 billion PEPE (948,000 USD) and 1.13 million HarryPotterObamaSonic10Inu (189,200 USD).The whale is currently facing an unrealized loss of 53,000 USD.

ChainCatcher news, according to Lookonchain monitoring, three giant whales exchanged 696 ETH (approximately 1.3 million USD) for 6,528 UNIBOT through a new address, and exchanged 632 ETH (approximately 1.16 million USD) for 8.43 million Meme tokens HarryPotterObamaSonic10Inu.