ChainCatcher news, Sky (formerly MakerDAO) founder Rune Christensen stated that he plans to propose an additional proposal to change the core token (whether the result is MKR or SKY) to a strict deflationary token economics. Under normal circumstances, no tokens will be issued, and as the burn engine permanently removes tokens from circulation, the total supply will only decrease over time. The only exception is in the case of collateral shortages, which could lead to bankruptcy risks for USDS and DAI. This is the original MKR token economics.At the same time, in addition to the strict deflationary buy-and-burn token economics, the core token (MKR or SKY) can still earn star token rewards, such as Spark SPK, through activation.This additional proposal will follow up on brand decisions and will be voted on next week (from November 11 to November 14), with more details about the proposal to be announced later this week.

ChainCatcher news, according to the Hong Kong Radio website, the chairman of the Hong Kong Securities and Futures Commission, Leung Tin-leung, stated during a speech at an event today that the first batch of virtual asset spot exchange-traded funds (ETFs) in Hong Kong has been operating smoothly since its listing in April, with a current market value exceeding 300 million USD. With the launch of the first Asian virtual asset futures ETF product, retail investors can manage related risks, and it is believed that innovative products can drive the Hong Kong financial market forward.Leung emphasized that as a financial center, Hong Kong needs to continue enhancing its resilience through innovative technology and sustainable finance. He also noted the potential advantages of blockchain technology, such as reducing transaction costs, with asset and securities tokenization being one of the main use cases. Currently, there is close collaboration with the Hong Kong Monetary Authority to explore more different tokenization use cases, with the hope of establishing a related ecosystem. Leung also reminded that virtual assets carry significant volatility risks and should not be considered investment advice. However, as professional and retail investors have different risk appetites and invest in virtual assets through various channels, the Hong Kong Securities and Futures Commission decided to introduce a regulatory framework to govern the activities of related trading platforms.

ChainCatcher news, according to RootData, the Ore token (ORE) has increased by 38.06% in the last 24 hours, currently priced at $1404.Additionally, the Web3 asset data platform RootData shows that Ore is a digital currency that users can mine anywhere, at home, or via their mobile phones. Ore uses a novel mining protocol designed for fair token distribution, which does not subject every miner to a winner-takes-all competition, but instead provides each miner with their own personalized computational challenge.

ChainCatcher news, according to official sources, the cryptocurrency exchange platform Coinbase has opened trading services for Blast (BLAST), LayerZero (ZRO), and Core (CORECHAIN) tokens to residents of Germany.German Coinbase users can trade, convert, send, receive, or store these assets by logging into the website or using the iOS and Android applications.

ChainCatcher message, Coinbase has announced that it will support the Core (CORECHAIN) token on the Coredao network. Users should note that CORECHAIN assets can only be transferred via the Coredao network, otherwise it may result in the loss of funds.Currently, transfers of CORECHAIN are open in regions where trading is supported on Coinbase and Coinbase Exchange. According to the plan, if liquidity conditions are met, trading for CORECHAIN will begin around 00:00 Beijing time on June 22. The trading pair CORECHAIN-USD will be launched in phases. It is important to note that CORECHAIN may be restricted in certain supported jurisdictions.

ChainCatcher news, according to Bitcoin.com, several American financial companies are collaborating to test the advantages of shared ledger technology in the tokenization of assets such as commercial bank currencies and various securities. The initiative is called the Regulated Settlement Network, which is a proof of concept aimed at accelerating and securing cross-border transactions using a single system for tokenized assets.This trial is an extension of a 12-week experiment conducted at the end of 2022, which focused on domestic interbank and cross-border dollar transactions. Participants in this new phase include well-known financial entities such as Mastercard, Citigroup, JPMorgan, US Bancorp, Wells Fargo, Visa, Swift, TD Bank, and Zions Bancorp.

ChainCatcher news, according to coingecko, possibly influenced by Ore winning the Solana Renaissance hackathon championship, its token ORE has risen by 74.6%, currently priced at 211.66 USD.

ChainCatcher news, according to official sources, Trader Joe has announced that the total supply of JOE tokens has reached 500 million. According to the project's tokenomics, no more JOE tokens will be minted.In addition, due to an unforeseen error, the 10 million tokens designated for the treasury have been permanently locked, and the maximum supply will therefore be reduced to 490 million.

ChainCatcher news, according to official sources, the world's leading Web3 game aggregation platform PlanckX announced that it will participate in the 2023 TOKEN2049 conference in Singapore on September 13-14 and will serve as a sponsor of the event. This will be PlanckX's second consecutive year participating in and sponsoring the conference.It is estimated that the TOKEN2049 conference in Singapore will attract over 300 exhibitors, more than 10,000 visitors, and over 100 speakers. In addition to the two-day main agenda, a week-long Asia Cryptocurrency Week event will be held from September 10 to September 17, 2023, surrounding TOKEN2049.As an outstanding exhibitor at TOKEN2049, the PlanckX team will continue to set up a booth at the M40 booth on the 5th floor of the conference and will engage in two days of product presentations and industry exchanges with attendees. (source link)

ChainCatcher news, the renowned Web3 conference TOKEN2049 will be held from September 13 to 14 at Marina Bay Sands in Singapore, discussing topics such as global regulatory landscapes, the integration of crypto and AI, blockchain scalability, multi-chain networks, and protocol interoperability. The speakers include founders from companies like ConsenSys, Aave, and Galaxy Digital. ChainCatcher has curated over 100 TOKEN2049 peripheral events for readers to quickly and conveniently check relevant event information.In addition, ChainCatcher will co-host an offline salon themed “New Trends in Web3 and Changes in Investment and Financing” with RootData in Singapore on September 11; ChainCatcher will serve as the exclusive media partner for the offline event “Accelerating Decentralized Infrastructure” hosted by ByteTrade and Consensys in collaboration with MetaMask Institutional on September 14 in Singapore. Friends who are interested are welcome to register and participate.Editor’s note: If you need to add an event for inclusion, you can add the staff contact information (WeChat: LX4509613).

ChainCatcher news, according to CoinDesk, Mastercard is building a testing platform called the Multi-Token Network (MTN), which will first explore tokenized bank deposits and launch a test version in the UK this summer.Raj Dhamodharan, Mastercard's head of cryptocurrency and blockchain, stated that many banks and financial institutions have been invited to participate in the testing, and the MTN plans to begin testing central bank digital currencies (CBDCs) and regulated stablecoins at the appropriate time. (source link)

ChainCatcher message, the Aave community proposal suggests restoring tokens mistakenly sent to smart contract addresses. The proposal states that the Aave ecosystem has upgradable smart contracts, which technically allows for the recovery of such mistakenly sent tokens. The voting will end on March 10.According to the proposal, the first phase of fund recovery includes users who sent AAVE, LEND, USDT, and UNI to the AAVE token smart contract; users who sent LEND to the LEND smart contract; users who sent LEND to the LendToAaveMigrator smart contract; and users who sent AAVE and stkAAVE to the stkAAVE contract. (source link)

ChainCatcher news, Dallas Mavericks owner Mark Cuban unfollowed dozens of crypto Twitter accounts on Twitter, including crypto KOL Cobie. Cobie responded, saying, "Goodbye, Mark, see you next time, thank you for buying our tokens from us at the top, there will be more tokens to sell to you in a few years. (Source link)