ChainCatcher news, according to The Block, CryptoQuant pointed out that the price of Bitcoin rose nearly 8% after the U.S. Federal Reserve cut interest rates by 50 basis points. Its "profit supply" indicator has broken through the 365-day moving average, suggesting further potential increases in the future.This indicator shows that an increasing number of Bitcoin holders are in profit, which may alleviate selling pressure and boost market confidence. However, Bitfinex analysts caution that the rise in Bitcoin was initially driven by spot market purchases, and a slowdown in this activity could lead to consolidation or partial pullbacks in the short term.

ChainCatcher news, according to Blockworks, the DeFi protocol Phoenix on Solana has announced the launch of the Atlas testnet optimized for DeFi by its developer Ellipsis Labs.It is reported that Atlas uses the Solana virtual machine as the execution layer and utilizes the Ethereum mainnet for settlement, making it compatible with existing Solana programs. Ellipsis Labs stated that in the future, Phoenix will build a new version on Atlas.

ChainCatcher news, Bitwise Chief Information Officer Matt Hougan believes that the market is "not optimistic enough" about Bitcoin, and after the Bitcoin 2024 conference, investors need to rethink the potential upside of this mainstream cryptocurrency.Hougan thinks that political support may be due to the increasing popularity of cryptocurrencies among Americans. The industry's strong lobbying influence in Washington has prompted many politicians to publicly support Bitcoin, even if their support is more about attracting its growing visibility rather than a genuine belief in its value.This shift in perspective and the growing popularity of Bitcoin have led Hougan to "rethink what is possible." Hougan points out that ideas once considered far-fetched are becoming increasingly plausible: G20 countries adding Bitcoin to their balance sheets to get ahead of the U.S., comprehensive crypto legislation passing swiftly due to bipartisan support, and Wall Street's large-scale acceptance of crypto.

ChainCatcher news, VISA-supported Vaporfund announced on X that Vaporfund and the automated market maker Ellipsis will merge to form VPX ($VPX). VPR and EPX will be unified under the new token symbol VPX. The total supply will be 3 billion, with EPX accounting for 65% of the total VPX and VPR accounting for 35% of the total VPX. The merger date has not yet been disclosed.

ChainCatcher news, veteran trader Peter Brandt provided key insights on the price trend of Bitcoin on the social media platform X, emphasizing that the current Bitcoin price pattern "shows a downward channel." Brandt's recent analysis also indicates that Bitcoin may have significant long-term upside potential.

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, published an in-depth analysis on social media regarding the impact of Ethereum ETFs. The article states, "Although the launch of Bitcoin ETFs has attracted a large number of investors, the impact of Ethereum ETFs remains unclear. Data shows that Bitcoin ETFs have accumulated assets under management of $50 billion, but net inflows are only $14.5 billion. In contrast, the estimated net inflow for Ethereum ETFs is only 10% of Bitcoin's, which is $0.5 billion.Andrew Kang points out that Ethereum's appeal as a tech asset is not as strong as Bitcoin's as a macro asset, and the differences in market positioning and holder base have led to this outcome. It is expected that the net buying volume for Ethereum ETFs will be far lower than that of Bitcoin ETFs, and the market's expectations for Ethereum ETFs may be overly optimistic.Before the ETF launch, Andrew Kang predicted that the price of Ethereum would be between $3,000 and $3,800, while after the launch it might be between $2,400 and $3,000. Despite the weaker holder base of Ethereum, there is still hope for the future, especially with improvements in financial infrastructure.Investors should be cautious about the market expectations for Ethereum ETFs to avoid investment risks caused by overly high expectations."

ChainCatcher news, according to Fortune, Ellipsis Labs announced the completion of a $20 million Series A funding round, led by Paradigm and with participation from Electric Capital. The company's first product is a decentralized exchange called Phoenix, which launched in February 2023, and its public user interface was released last August.In a statement, the company said that the funds will accelerate its efforts to "create a new financial ecosystem that offers competitive financial products on high-throughput blockchains," while combining the accessibility and transparency of DeFi with the efficiency of traditional markets.

According to ChainCatcher news, the decentralized ZK-RaaS platform Opside has officially announced its brand upgrade to Lumoz, embarking on a new journey for ZK-RaaS & Decentralized Prover Network. The project's new official website has been updated to lumoz.org. This comprehensive brand upgrade aims to help global users better understand and apply ZK-Rollup technology, enabling application chains based on zkEVM to be implemented on a large scale.Lumoz was born in 2022 and launched its testnet in May 2023, consistently adhering to the mission of making it easier for users to understand and use ZK-Rollup technology. Through its no-code ZK-Rollup Launchbase, any user can generate customized zkEVM application chains without coding.Currently, the supported zkEVM types include Polygon zkEVM and zkSync, with plans to support Scroll, StarkNet, and others in Q4. At the same time, Lumoz provides underlying computing power for general ZKP calculations through the Decentralized Prover Network. So far, the Lumoz testnet has been running smoothly for 5 months, with over 200,000 independent users, and more than 15 projects have generated personalized zkEVM application chains on its platform. (Source link)

ChainCatcher news, the decentralized ZK-RaaS network Opside officially announced that its Alpha incentive testnet activity has officially launched this morning and is expected to end on December 31, 2023. Developers, miners, validator nodes, and users can participate and earn points, which will be exchanged for mainnet tokens after the Opside mainnet goes live.It is reported that Opside is a ZK-RaaS platform that provides developers with the ability to generate zkEVM application chains with one click. During the Alpha testnet period, Opside will continue to improve its Rollup modular and customizable features, offer more zkEVM types (such as zkSync, Polygon zkEVM, etc.) for developers to choose from, and integrate more third-party DA and Sequencer core components. At the same time, Opside has launched a decentralized prover network, including a GPU version of ZK-PoW mining, allowing miners to participate without permission.It is reported that after this round of testnet, Opside is expected to launch the mainnet in the first half of next year.

ChainCatcher news, the Solana ecosystem decentralized limit order book Phoenix development team Ellipsis Labs announced the completion of a $3.3 million seed round financing, led by Electric Capital, with participation from angel investors including Robot Ventures, Anagram, Solana co-founder Anatoly Yakovenko, Polygon Labs CEO Marc Boiron, and Monad Labs CEO Keone Hon.It is reported that Ellipsis Labs' flagship protocol is Phoenix, a decentralized limit order book built on the Solana chain.

ChainCatcher message, the BNB Chain eco DEX Ellipsis Finance using the Curve mechanism tweeted that a few BNB stable pools using the old version of the Vyper compiler were attacked and are currently under assessment.Earlier news, Curve Finance stated that due to a Vyper recursive lock failure, the stablecoin pool alETH/msETH/pETH was attacked. According to security agencies' monitoring, the Curve Finance attack incident has resulted in a loss of 52 million dollars.

ChainCatcher News According to the official announcement, the developers of the DeFi protocol Phoenix on Solana, Ellipsis Labs, tweeted that they have launched a new verification building tool for Solana. Users can use this tool to confirm whether the code deployed on-chain matches the source code published by the program. Its CLI allows users to manually verify the build by obtaining the hash value of the on-chain program and comparing it with the hash value of the local executable file.

ChainCatcher news, a survey conducted by CoinShares on asset management companies shows that Bitcoin is considered the cryptocurrency with the greatest growth potential, but Ethereum still holds the largest position in their portfolios.A total of 51 investors managing assets worth a combined $900 billion participated in this quarterly survey, with 43% of investors stating that BTC's upside potential is superior to that of ETH. Additionally, custody issues and availability are reasons why institutional investors are reluctant to allocate to digital assets.However, given that 70% of respondents are from Europe and the Middle East, with about 25% from North America and approximately 5% from Asia, this survey may not accurately reflect the current sentiment of U.S. investors.

ChainCatcher news, blockchain analytics company Flipside Crypto has initiated a temperature check proposal in the Aave community for "Deploying Aave V3 on the Linea Mainnet" in collaboration with ConsenSys's Layer2 network Linea. Previously, on July 10, the Aave community approved a temperature check vote for "Deploying Aave V3 on the Linea Testnet," which has been successfully deployed. The proposal states that there is no fixed timeline for putting this proposal to a vote, and the team expects to discuss advancing it to the next governance stage in mid to late August.If deployed on the Linea Mainnet, Linea allows Aave to utilize the distribution created by the ConsenSys product suite. Linea prioritizes user experience to create seamless deposits and on-chain resources. Additionally, the default MetaMask network dropdown will support Linea, enhancing user convenience and fully supporting all MetaMask-curated experiences. These product integrations include: deposit and withdrawal solutions, MetaBridge, MetaMask Swaps, Portfolio DApp, and MetaMask SDK, providing numerous opportunities for integrating the Aave protocol, helping to expand the protocol's user base, increase TVL, and share market share. (Source link)

ChainCatcher news, Opside officials stated that they will strongly support the promotion of zkEVM, including the recently announced ZK Stack from zkSync. Currently, the Opside testnet has integrated Polygon zkEVM (Hermez), allowing users to issue their own zkEVM chain on L1 public chains such as ETH, BSC, and Polygon with one click.According to the roadmap, the Opside testnet is expected to integrate zkSync's ZK Stack in August. In the future, zkEVM solutions such as Scroll and Linea will also be provided. Opside's multi-chain ZK-PoW algorithm will provide massive computational power support for ZK-Rollups on various public chains.

ChainCatcher news, the decentralized ZK Raas platform Opside has officially launched the Pre-Alpha incentive testnet, expected to run for about three months. It is reported that testnet users can experience features such as cross-chain transactions, transfers, and DApp interactions, and will earn loyalty points for completing specific tasks.Opside aims to test and refine the following features through the testnet: integration and effectiveness of a hybrid PoS and PoW consensus mechanism; successful adaptation and alignment with the ETH 2.0 consensus model; operational performance and flexibility of the ZK-Rollup execution environment; implementation of various strategies for smooth and secure asset transfers between different layers and ZK-Rollups; practical application of the token economics model. (source link)

ChainCatcher news, the decentralized ZK-RaaS platform Opside has announced the opening of the whitelist application for POW miners and developers' faucet.It is reported that Opside launched the PoS whitelist pre-application activity last week, and the current opening of the PoW and developer whitelist pre-application activity will officially start at 18:00 Beijing time on May 8, 2023. After the opening, both PoW miners and developers can go to the Opside official website faucet to apply for the whitelist. Eligible users can later access the designated Faucet channel on Opside Discord to receive Opside test tokens as soon as possible.Opside officials stated that this round of applicants will undergo a certain degree of screening. POW miners need to provide detailed information about their previous mining experience, while developers need to provide their GitHub link and relevant development experience, etc. (source link)