ChainCatcher news, Jupiter co-founder Meow posted on the X platform stating that Jupnet is a full-chain network under construction, aimed at achieving the goal of "aggregating everything." Jupiter needs infrastructure to connect billions of people and trillions of tokens, therefore it requires:A single source of truth across chains;A full-chain ledger;A fully on-chain identity system.Blockchain has solved the problem of a single source of truth within a blockchain, but has not addressed the issue of a single source of truth across chains. Therefore, a completely new architecture is needed to achieve a single source of truth across chains, which is why DOVE is proposed: a decentralized verification and execution oracle. By utilizing the mentioned decentralized single source of truth, it will be able to host a decentralized full-chain ledger, including achieving dynamic finality, by addressing the speed/finality trade-off through value consideration.Finally, a fully on-chain identity system will be able to support all traditional authentication methods, including social logins and keys, as well as the ability to generate recovery keys when users need them. There are still many technical issues and important design challenges to overcome.We expect to provide a technical preview and detailed technical overview in early April.

ChainCatcher news, Solana-based DEX Jupiter announced the launch of the all-chain network Jupnet. "When Jupiter first started, we focused on aggregating Solana's liquidity, and now we will turn to the next major goal, which is to aggregate everything."Jupnet will consist of three key components:DOVE NetworkDOVE stands for Decentralized Oracles, which function to validate and execute.Omnichain Distributed Ledger NetworkBy creating a single decentralized trusted source among oracles, validators, and executors, we can easily achieve the next major feature—Jupnet can host a full-chain distributed ledger, regardless of how many chains, users, or transaction flows are in the system.Aggregated Decentralized Identity (ADI)For Jupnet, we want all users and developers to no longer use wallets as the primary user experience (UX) and development experience (DX) model, but instead adopt a more user-friendly approach, such as an account system, and support familiar features like multi-factor authentication (MFA) and account recovery.

ChainCatcher news, the relational blockchain Chromia announced that it will launch the decentralized application cluster Chromia Appnet, which bridges real assets through the EVM, this summer. The first batch of DApps will go live in late June.Chromia stated that once all necessary features are implemented, tested, and finalized, the Chromia mainnet will be officially launched. After the launch, the Appnet cluster will have the option to merge with the mainnet while retaining its existing data.According to the crypto data platform RootData, Chromia is a blockchain platform that enables users to easily build decentralized applications in the real world. The Chromia platform originates from pioneering work in enterprise use cases, land registration, and electronic currency. (Source link)

ChainCatcher message, the decentralized front-end Dappnet built on IPFS has launched its Alpha version, supporting Chrome, Firefox, and Brave browsers, while being fully open-source. Users can access Curve, ENS, 1inch, and other websites deployed on .eth domains through it on macOS, and it will never be censored or shut down. (Source link)

ChainCatcher news, the multi-chain routing protocol pNetwork announced on Twitter that it has deepened its partnership with the Algorand ecosystem automated market maker Tinyman. Now pNetwork users can earn ALGO by providing pBTC liquidity on their platform. (source link)

ChainCatcher news, the blockchain gaming platform Gala Games announced that it is suing pNetwork on behalf of pGala victims. Gala Games stated that pNetwork caused further damage due to negligence leading to security vulnerabilities and intentionally executing a failed recovery plan, which negatively impacted the market's perception of Gala and the GALA Token, harmed Gala's reputation, and damaged Gala's relationships with trading platforms.As a result, Gala is claiming $27,671,934.80 from pNetwork for self-paid expenses incurred due to breach of contract, additional damages, punitive damages, and other fees that the court deems just and fair. (Source link)

ChainCatcher news, the multi-chain routing protocol pNetwork tweeted that the Raven, Lbry, and Safemoon cross-chain bridges will be offline within two weeks starting today. Currently, pegins have been disabled, and pegout will be disabled starting December 19.pNetwork reminded in the tweet that each pSFM, pRVN, and pLBC token holder should redeem their native tokens as soon as possible to avoid asset loss. (source link)

ChainCatcher message, pNetwork responded to Huobi's accusation of "maliciously increasing GALA issuance" by strongly condemning Huobi's false claims against pNetwork. pNetwork will take appropriate legal action and has evidence proving that its actions were in good faith, and all actions were agreed upon in advance with GalaGames officials.pNetwork further stated that Huobi received the notification at 7:24 PM UTC on Thursday (3:24 AM Beijing time on November 5) and confirmed the emergency two minutes later, but only blocked deposits several hours later. pNetwork did not gain any profit from this action.It is reported that Huobi's official announcement mentioned that pNetwork had notified them in advance, but also stated that pNetwork did not explain its preparation to exploit vulnerabilities, nor did it mention that it would issue 55.6 billion GALA for a massive sell-off in the market within fifty minutes, which would cause extremely significant losses to innocent users and trading platforms. (source link)

ChainCatcher message, Huobi Global released a statement regarding the truth of the GALA incident: pNetwork maliciously exploited management privileges to issue over 55.6 billion GALA tokens on the BNB Chain, which is not a white hat action, but a premeditated hacking attack aimed at malicious profit. The claim of being a white hat is an illegal excuse sought to evade legal sanctions. Huobi will hold them fully accountable and seek compensation in accordance with the law on behalf of the industry and users. (source link)

ChainCatcher news reports that the cross-chain protocol pNetwork has released an analysis of the previous GALA incident, stating that the team noticed a configuration error in the pNetwork cross-chain bridge for GALA on November 3. The team observed that due to the configuration error, the ownership of the pGALA smart contract (deployed on BSC) had been secretly taken over. The attacker who gained ownership of the smart contract did not launch any attacks, but this situation highlighted a high-security risk that needed immediate mitigation. Therefore, pNetwork contacted GalaGames to decide to suspend cross-chain bridge activities and execute a white-hat drain of the pGALA/BNB PancakeSwap pool in an attempt to preserve the BNB funds in that pool so that they could be returned to their rightful owners (liquidity providers) once the situation was under control. The white-hat drain recovered 12,977 BNB (approximately 4.5 million USD), and the funds will be returned to the holders of currently uncollateralized pGALA, with a snapshot taken on November 7, 2022, at 16:00.The cross-chain protocol pNetwork minted over 1 billion USD worth of pGALA in the early morning of November 4 after redeploying the pGALA contract to "crash" the original pGALA pool, or due to the failure to communicate with the Huobi platform, temporarily shutting down deposit and withdrawal services, which led to a large number of users transferring coins from DEX to the Huobi platform and subsequently selling, triggering a price crash. (Source link)