ChainCatcher news, Layer2 cross-chain protocol Orbiter Finance announced on platform X that it will launch the OBT token, with the TGE scheduled for January 20, 2025. OBT is the ERC-20 governance and utility token of the protocol, which will be launched on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens, and a circulating supply of 2.8 billion tokens (28%) at TGE.Regarding token distribution, the community allocation accounts for 40%, of which 22% will be distributed as an initial airdrop to Orbiter users, with 3% airdropped monthly to eligible users for a period of 6 months. The ecosystem and growth allocation accounts for 20%, with 2.5% unlocking at TGE. The Orbiter Foundation allocation accounts for 15%, with 3.5% unlocking at TGE, and the remaining portion vesting monthly over 23 months. The team and contributors allocation accounts for 15%, and the investor allocation accounts for 10%. Additionally, on-chain governance will open in February 2025.Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum's native assets. In Orbiter Finance, there are two roles: Sender and Maker. When the Sender initiates a transfer, the Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker behaves maliciously and causes the transfer to fail, the Sender can initiate an arbitration request against the contract using the Maker's collateral, and then receive excess compensation.

ChainCatcher news, Orbit releases GRIFT token economics. The 12% of tokens held by the team will be allocated as follows: liquidity pool (2%), fund reserves (5%), community (2%), and team and investors (3%). The liquidity pool has been fully released; fund reserves will be released at a rate of 1% per month over the first five months; community tokens will be released linearly each month until completed within a year; team and investor tokens will be released in one lump sum after a 12-month lock-up period.In addition, 30%-50% of the project's monthly net income will be used to purchase stablecoins and mainstream cryptocurrencies, and the repurchased tokens will be distributed to long-term holders and stakers.

ChainCatcher news, according to market data from RootData, the Orbit token (GRIFT) has increased by 54.07% in the last 24 hours, currently priced at $0.0689.According to the Web3 asset data platform RootData, Orbit is a comprehensive DeFi companion designed to revolutionize cross-chain interactions and optimize users' crypto experience.

ChainCatcher news, Orbiter Finance today launched the "Small Coin Collector Tool," providing users with a convenient and efficient service for collecting ultra-small funds (below 3U).The Small Coin Collector Tool can quickly identify the balances of user addresses across more than 30 networks and recover them to any mainstream network with one click, achieving collection in as fast as 3 seconds, solving the problems of high cross-chain gas fees and the long-term accumulation of ultra-small funds.It is reported that Orbiter Finance is a cross-chain protocol based on ZK technology, aimed at providing users with fast, secure, and instant cross-chain solutions. Currently, it has accumulated a trading volume of over 25 billion USD and has a user community size of over 4.2 million.

ChainCatcher news, according to Bloomberg, the co-founder of crypto derivatives liquidity provider Orbit Markets, Caroline Mauron, stated: "The significant psychological barrier of $100,000 is just around the corner." She added that the bets in the Bitcoin options market indicate "the market expects prices to rise rapidly."The current optimism has dulled the memory of the market crash in 2022, which exposed fraud and other risky behaviors in the crypto space, leading to the collapse of platforms including Sam Bankman-Fried's FTX exchange, with him also ending up in prison.This turmoil triggered a series of tough enforcement actions by the U.S. Securities and Exchange Commission (SEC), while the industry expects this crackdown to gradually fade under Trump's administration.

ChainCatcher news, Ava, the Chief Brand Officer of Orbiter Finance, confirmed her attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at the Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, and jointly organized by Soso Value. It aims to bring together elites in the Web3 field to exchange insights about the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, which objectively selects influential individuals or institutions in the industry from a data perspective.

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 News: The Japanese game public blockchain Oasys has reached a partnership with the Arbitrum Foundation. The collaboration will integrate Arbitrum Orbit technology into the Oasys infrastructure. Through this integration, the Hub layer (L1) of Oasys will support the creation and deployment of Verses (Oasys L2) using Arbitrum's scaling solutions. The Uprising Verse will be the first Verse L2 launched using this innovative approach.

ChainCatcher message, according to Whale Alert monitoring, 31,126,439 XRP ($16,908,702) was transferred from Orbit to an unknown wallet.

ChainCatcher message, the snapshot shows that Arbitrum has initiated a proposal to open up the permission for deploying the Orbit chain on networks outside of Ethereum, such as the Bitcoin network, Cosmos, etc. In return, the newly established Orbit chain is required to return 10% of its on-chain profits to the Arbitrum ecosystem, with 8% allocated to ArbitrumDAO and 2% to the Developer Association.It is reported that the "Arbitrum Expansion Plan" is a set of tools and services maintained and provided by the Arbitrum Foundation, aimed at enabling developers to deploy and operate a trust-minimized network whose security relies on the security of the Ethereum blockchain.

ChainCatcher news, the full-chain NFT issuance platform X-Mint is officially launched and has reached a strategic cooperation with the decentralized cross-chain communication environment Vizing (Orbiter Finance). Based on its cross-chain infrastructure, it enables full-chain issuance and interoperability of NFTs, currently supporting more than ten public chains. Users can perform various operations such as minting, transferring, and trading the same series of NFT assets on any public chain, allowing for real-time multi-ecosystem conversions. Meanwhile, the platform will launch the first NFT community equity asset ORBGUY NFT under Orbiter on July 23, empowering its community users.X-Mint is incubated by Singular Labs, and the team is committed to building it into the best launch platform for equity assets, providing services for various NFT equity assets, including equity certificates, gaming, and RWA.

ChainCatcher news, the oracle API3 stated on X that the development of OEV Network has undergone a strategic shift, now based on Arbitrum Orbit. This is because Arbitrum Orbit has outstanding performance in terms of speed, operational costs, and scalability.

ChainCatcher news, the cross-chain protocol Orbiter Vizing announced today that the cross-chain MEME token GATO, issued by its ecological project LIKWID, has completed its presale, with approximately 2000 addresses and 8000 ETH participating, over-subscribed by nearly 80000%, with a total TVL of nearly 30 million USD.It is reported that LIKWID is the first MEME issuance platform that uses the Orbiter Vizing cross-chain protocol, allowing users to customize the issuance of cross-chain MEME coins on its platform. GATO is the second token issued on the LIKWID platform, following the first token ORBGUY, which was over-subscribed by over 79000% during its presale.

ChainCatcher news, O rbiter Finance has officially announced the O-Points ranking system and the latest rankings today. Since its launch in November 2023, the system allocates points based on user loyalty and contributions in preparation for future airdrop activities. As of now, users can check at any time whether they are in the top 1% through the leaderboard. Currently, 800 O-Points are required to enter the top 1% ranking. Users can increase their points by participating in cross-chain trading activities to compete for the top positions on the leaderboard.

ChainCatcher news, according to Ember monitoring, the Orbit Chain hacker has transferred 12,932 ETH (worth 47.58 million USD) in the past 10 hours, completing the money laundering through Tornado Cash.Currently, the hacker's address still holds 13,821 ETH (50.86 million USD) and 20 million DAI.

ChainCatcher news, according to Ember monitoring, six months after stealing assets, the Orbit Chain hacker transferred 4000 ETH to a new address within nearly 1 hour and completed the money laundering through Tornado Cash.

ChainCatcher news, according to the full-chain protocol Orbiter Vizing, its first project in the ecosystem, LIKWID, has launched today, simultaneously issuing the full-chain MEME token ORBGUY. Approximately 3,000 addresses and 7,920 ETH participated in the presale, exceeding the target by 79,000%.It is reported that LIKWID is the first MEME issuance platform that uses the Orbiter Vizing full-chain protocol, allowing users to customize the issuance of full-chain MEME coins on its platform, with a TVL of nearly 30 million USD on the first day of launch.