ChainCatcher news, South Korean lawmaker Min Byoung-dug plans to criticize AVAIL as the second "Hamburger Coin" that raises questions during the parliamentary audit. Note: Hamburger Coin is a virtual asset issued overseas and traded domestically in South Korea, while the local one is Kimchi Coin.The lawmaker has requested data on abnormal trading of AVAIL on Bithumb and is investigating its sudden surge upon listing, potential price manipulation, and the effectiveness of customer protection measures at the exchange.The Financial Supervisory Service, which is investigating this incident, declined to comment and stated: "Mentioning specific tokens or the progress of the investigation may affect market prices, so the principle is that the case is handled and disclosed thoroughly."

ChainCatcher news, according to The Block, cryptocurrency exchange Coinbase has filed a motion for partial summary judgment in the U.S. District Court for the District of Columbia to obtain documents from the U.S. Securities and Exchange Commission (SEC) regarding how securities laws apply to cryptocurrencies.Coinbase's Chief Legal Officer Paul Grewal stated that the SEC initially claimed an exemption under the Freedom of Information Act (FOIA), but recently acknowledged that this may not be the case. Currently, the SEC claims it will take three years to provide the documents requested by Coinbase.Previously, Coinbase had sued the SEC and the Federal Deposit Insurance Corporation (FDIC) in June 2024 for failing to comply with its FOIA request. Coinbase seeks to obtain internal and external communications from the SEC regarding whether certain crypto assets (particularly Ethereum) are defined as securities.

ChainCatcher news reports that after the U.S. government sued the market maker Gotbit, the meme coin projects Beercoin and WaterCoin, along with Hamster Kombat and Neiro, also issued statements clarifying their relationship with Gotbit.Beercoin stated on the X platform: "The BEER team has long ceased cooperation with Gotbit and has turned to other market makers."WaterCoin stated: "We want to clarify that we do not cooperate with Gotbit and have no association with them. After the launch of WATER, we expressed concerns about Gotbit's integrity and changed our market maker." However, there are users in the comment section of these two projects' clarification posts who express skepticism about their statements.In addition, Lookonchain posted on October 10 that Gotbit previously claimed they sold WATER to bring the price down to a fair level. However, the number of tokens sold by Gotbit far exceeded the number purchased.Previously, Neiro announced the termination of its partnership with market maker Gotbit; Hamster Kombat stated that it has never cooperated with market maker Gotbit.

ChainCatcher news, according to Unchained, over four months ago, the Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalyst Program" (GCP). However, due to a lack of transparency and accountability mechanisms, community members have raised concerns.Arbitrum community member Joseph Schiarizzi (@CupoJoseph) has posted a governance proposal suggesting that 220 million ARB in the GCP multi-signature wallet be returned to the Arbitrum DAO treasury.The proposal points out that the GCP council has not fulfilled its responsibilities, delaying several oversight and transparency commitments made in the initial proposal. On-chain data shows that 1.35 million ARB have already been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARB remaining. If the proposal passes, GCP will retain only about 2 million dollars in funds to continue operations until it can prove that more funding is needed.Schiarizzi stated that his proposal may not pass, but its purpose is to introduce a certain level of accountability for the 120 million ARB tokens supporting GCP. He said, "I believe this will encourage the relevant parties to release updates more quickly."

According to ChainCatcher, as reported by CoinDesk, former FTX executive Ryan Salame was sentenced for violating U.S. election laws after donating millions of dollars during the last congressional election. He attempted to delay his prison sentence at the last minute to treat a dog bite on his face, but was denied. Salame had criticized the charges against him on social media; he was originally supposed to begin serving over seven years in prison on August 29, but he told the court that he was bitten by a large German shepherd, which postponed his sentencing to October 11. Earlier this week, he requested another extension. However, during an interview with Tucker Carlson, there were no obvious signs that he was hindered by his injury—when the court rejected Salame's efforts, U.S. District Judge Lewis Kaplan of the Southern District of New York noted this fact.Salame claimed he needed "urgent and necessary medical and surgical care" and could not report to prison immediately, while prosecutors responded that he appeared to be in good condition. The prosecutors stated that when he appeared in court last month, he showed "no signs of drooling or slurred speech" while answering questions, and then he participated in Carlson's interview, during which Salame "appeared to be physically recovered and showed no signs of injury." The judge pointed out that Salame had already "benefited from an extremely generous delay in his incarceration," and the court expressed skepticism about the "validity" of Salame's claims.

ChainCatcher news, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds. The executive is on trial for alleged money laundering and currency manipulation, while the court instructed the prison to send him to the hospital for treatment. Binance's Head of Financial Crime Compliance, Tigran Gambaryan, has been detained in the country since February, and U.S. lawmakers have stated that he is being unjustly detained. His lawyer has repeatedly mentioned his poor health and stated that he requires surgery.

ChainCatcher news, according to FOX Business, the cryptocurrency derivatives exchange Bitnomial has sued the U.S. Securities and Exchange Commission (SEC), questioning its regulatory authority over XRP futures. After Bitnomial self-certified XRP dollar futures contracts, the SEC claimed that XRP is a security and demanded that the exchange comply with additional regulations.Bitnomial believes that XRP futures should not be classified as security futures and is seeking a court declaration to prevent the SEC from asserting jurisdiction over it. This lawsuit intensifies the battle between the SEC and the Commodity Futures Trading Commission (CFTC) over regulatory authority over crypto assets.

ChainCatcher news, the Solana Chinese community Solar and the Solana Foundation will host the Solana Hong Kong Startup Village in Hong Kong from October 9 to October 16, 2024. This event is co-hosted by the Web3 education platform HackQuest and supported by Hong Kong Cyberport. The Solana Hong Kong Startup Village will select 30 entrepreneurs from the Solana ecosystem within the Chinese-speaking region for a week-long Co-build, Co-live event.The event has also received support from several local Web3 companies and universities in Hong Kong, including OKX, Gate.io, Metalpha, Animoca Brands, ScalingX, Hong Kong University of Science and Technology, SOON, and SONIC. Selected Solana ecosystem entrepreneurs will have the opportunity to engage in face-to-face discussions with Solana Foundation staff and founders of leading ecosystem projects, visit local Web3 companies and investment institutions, and explore potential collaboration opportunities. This event is part of Solana's ecosystem building for founders in the Asia-Pacific region and marks the first time Solana Startup Village enters the Chinese-speaking region. Solana will also host the Solana Hong Kong Hacker House from October 24 to October 26.

ChainCatcher news, according to The Block, based on a document released on Wednesday, former FTX executive Ryan Salame's lawyer requested the court to postpone his sentencing date from October 11 to December 7 to treat injuries he sustained from a dog attack during the summer. This is Salame's second request to delay his sentencing. His lawyer stated that the government disagrees with their request.Salame served as co-CEO of FTX Digital Markets and was sentenced to seven and a half years in prison last year after pleading guilty. Salame admitted in September to conspiracy to make illegal political donations and conspiracy to operate an unlicensed money transfer business.

ChainCatcher news, OpenAI on Tuesday requested the dismissal of Musk's federal lawsuit against the company. Two months ago, Musk filed a lawsuit accusing OpenAI of abandoning its founding mission to develop an open artificial intelligence platform to "benefit humanity" in favor of profit maximization. In a motion to dismiss filed in California federal court, OpenAI stated that Musk's lawsuit is the latest move in a "continuing campaign to harass OpenAI for his own competitive advantage."OpenAI's documents point out that Musk subsequently launched his own AI startup, xAI, and claimed he is "trying to leverage the judicial system" to gain a competitive edge in the field. Musk has not yet commented on the document.

ChainCatcher news, Questflow has released the latest generation of the Multi Agent Orchestration (MAO) system Tars, and will host a hackathon on October 13th in collaboration with numerous partners, exploring the boundaries of Agents on the Harvard campus.This event is supported by many partners including LoveAI, Jambo, Aptos, and Sei, and will provide participants with various technical support and incentives, including prizes, Crypto Phones, and potential investment partnerships.

ChainCatcher news, AIA Chain recently announced the launch of the first Community Hackathon for AIA Chain on the developer education and hackathon platform HackQuest. The hackathon features 3 tracks with a total prize pool of 15,000 USD, including Consumer App, Meme, and GameFi.The hackathon will run from September 30 to October 30, with an online Demo Day scheduled for November 9. Winning projects will have the opportunity to receive subsequent incubation support from AIA Chain, and AIA Chain will hold community developer workshops in locations such as India and Singapore to support more developers entering the AIA Chain ecosystem.According to Rootdata information, AIA Chain is a programmable smart contract blockchain compatible with the Ethereum Virtual Machine (EVM). The AIA Smart Chain retains Ethereum's fast execution times, low transaction fees, and high security, while adding smart contract functionality to support compatible DApps. The native token of AIA Chain is AIA (Native Token), which utilizes the APoS consensus mechanism.

ChainCatcher news, the decentralized AI underlying protocol KIP Protocol has announced its strategic partnership with NTU I&E x HackQuest MOOC: Building & Ideating in Web3. KIP Protocol CEO & Cofounder Julian Peh will also personally teach a class, delivering an online public lecture titled "Why AI needs decentralisation: Retaining economic agency in the AI powered future" on October 8th at 10 AM.The course and activities aim to help students, developers, and educators understand the fundamentals of the integration of Web3 and AI, and explore its applications across various industries. As part of the course, there will be an in-depth discussion on decentralized AI topics, sharing industry insights and practical experiences. Other instructors for the course include Animoca Brands founder Yat Siu, Arbitrum co-founder Ed Felten, Axelar co-founder Sergey, and Ethereum Foundation's Austin Griffith, among others.At the same time, KIP Protocol also plans to make a strategic investment in HackQuest, and both parties will work together to promote the construction and development of the Web3 education ecosystem. This collaboration will strengthen KIP Protocol's presence in the Web3 education field and accelerate HackQuest's efforts to bring Web3 education to more schools, developer communities, and entrepreneurial environments globally, jointly committed to nurturing the next generation of Web3 developers and innovators.

ChainCatcher news, Evernode plans to introduce Hooks and a new token Codii on the XRP Ledger (XRPL) to enhance programmability, which has been questioned by Ripple's Chief Technology Officer David Schwartz.Schwartz believes the plan is overly complex and offers no clear benefits, warning that it could lead to increased transaction fees across the network due to higher resource demands.Evernode co-founder Scott Chamberlain proposed that the Codii token would be used to pay for the execution fees of Hooks, but Schwartz argued that XRP should be used directly to simplify the system and avoid unnecessary cost increases.

ChainCatcher news, according to sources, Musk's X platform has requested the Brazilian Supreme Court to allow it to resume services in the country. (Jinshi)