ChainCatcher news, the decentralized real-time messaging infrastructure River Protocol has acquired the decentralized governance protocol Llama, and Llama's technology will be integrated into River. This acquisition will enhance the governance capabilities of the web3 communication platform built on River Protocol.Llama is a full-stack platform for on-chain access control and governance. The Llama protocol is designed for decentralized governance, consisting of open-source, fully deployed smart contracts that provide a comprehensive on-chain governance system with flexible requirements.River is the first protocol designed to secure end-user communication. The River protocol is an EVM-compatible L2 chain that builds programmable communication tools in a permissionless manner by utilizing decentralized off-chain flow nodes and smart contracts deployed on Base.

ChainCatcher news, the Russian government and the country's crypto miner BitRiver announced plans to build mining data centers in BRICS countries. The plan involves the Russian Direct Investment Fund (RDIF), and the two parties released the relevant news on October 18 at the BRICS Business Forum in Moscow.BitRiver CEO Igor Runets stated that the plan will focus on building infrastructure based on crypto mining to enhance global computing power to support the development of artificial intelligence projects.Currently, BitRiver has 21 data centers in Russia and is constructing 10 new centers. Although the specific details of the deal with BRICS have not been disclosed, both parties believe there is a shortage of space for energy-intensive data centers globally. RDIF CEO Kirill Dmitriev emphasized that developing AI computing capabilities is a priority for Russia and its BRICS partners.

ChainCatcher news, identity tokenization company Civic has announced a partnership with Web3 car rental platform Rentality to launch a blockchain driver's license verification service on the Base network.By verifying their driver's license through the Civic ID verification pass, Rentality users can validate their driver's license online for car rentals without the need for in-person verification. This technology aims to streamline the car rental process while enhancing security and compliance.Rentality CEO Tatura stated that users can now rent cars directly using a crypto wallet through smart devices. The service has been launched in Miami and plans to expand to other regions in the future.

ChainCatcher news, BlackRock has released a report titled "Bitcoin: A Unique Diversifier," which states that most of the risks and potential return drivers faced by Bitcoin differ from those of traditional "risk" assets, making it unsuitable for most traditional financial frameworks— including the "risk-on" and "risk-off" frameworks adopted by some macro commentators.Bitcoin's nature as a scarce, non-sovereign, decentralized global asset leads some investors to view it as a safe haven during times of fear and certain geopolitical disruptive events. The long-term adoption trajectory of Bitcoin is driven by strong concerns over global monetary stability, geopolitical stability, U.S. fiscal sustainability, and U.S. political stability. This contrasts with the typical relationship attributed to traditional "risk assets" and such forces.Bitcoin's long-term performance shows low correlation with stocks and bonds, making it attractive for diversification. Although in the short term, Bitcoin's price movements occasionally align with traditional risk assets, these are considered temporary phenomena. The report concludes by reiterating that Bitcoin's unique characteristics may make it a hedge against risks that traditional assets cannot address, especially in times of heightened geopolitical and economic uncertainty.

ChainCatcher news, according to The Block, economist Steve Hanke from Johns Hopkins University stated that the market has priced in a potential 25 basis point rate cut by the Federal Reserve next Wednesday, which could lead to a "sell-the-news" event for risk assets.Steve Hanke said, "The market has anticipated a 25 basis point rate cut, which means the actual cut could be disappointing, leading to a 'sell-the-news' reaction. In contrast, a 50 basis point cut has not been factored in. If it does happen, it could drive the market up."

ChainCatcher news, according to RootData data, the Moonriver token (MOVR) has increased by 26.2% in the last 24 hours, currently priced at $10.63.Additionally, the Web3 asset data platform RootData shows that Moonriver is the companion network of Moonbeam and provides a permanently incentivized network. New code is first released to Moonriver, where it can be tested and validated under real economic conditions. Once the code is verified, the same code will be sent to Moonbeam on Polkadot.

ChainCatcher news, Quilter Investors' investment strategist Lindsay James stated that President Biden's withdrawal from the presidential race and support for Kamala Harris reduces the likelihood of a Trump landslide victory, and the market may experience some volatility in the next four months.However, she wrote in a research report that, compared to election news, interest rate cut expectations will still be the driving factor for market returns. She added that the market is increasingly pricing in a Trump victory, with small companies being buoyed by widespread expectations of import tariffs.

ChainCatcher news, according to CoinDesk, the Polkadot parachain Moonbeam Network announced an investment of $13 million for development support in gaming, real-world assets, the canary network Moonriver, and other areas.Team introduction, "This funding includes a new $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants. The first investment from the innovation fund is in N3MUS, which will build a gaming ecosystem around Moonbeam. Recipients of the innovation fund will also be introduced to Moonbeam's venture capital network, including Arrington Capital, Scytale Digital, and others."

ChainCatcher message, Rivermen announced on platform X that due to the mismanagement of the "Rivermen" entity, it unilaterally declared "bankruptcy" on July 6, 2023, violated the termination of employee labor contracts, and has owed employees labor compensation of 591,692 yuan to date. The account handle @RivermenNFT has retained the ownership of Lihua, and Rivermen's X account is unrelated to the intellectual property of "Lihua, Rivermen, VOXELRIVERMEN, Ponlaii."

ChainCatcher news, Coinbase emphasized the significant impact of regulatory developments on the U.S. cryptocurrency market in its "Weekly Market Review" released on May 17. Coinbase stated, "The macro economy remains a key driver of cryptocurrency performance, although we believe the upcoming major catalysts may be regulation-driven."Upcoming regulatory events include the U.S. Securities and Exchange Commission (SEC) decision on the spot Ethereum exchange-traded fund (ETF), potential actions by the White House regarding the SEC's SAB 121 repeal bill, and the U.S. House of Representatives voting on the "Financial Innovation and Technology for the 21st Century Act" (FIT). Potential stablecoin legislation, such as the "Lummis-Gillibrand Payment Stablecoin Act," may also accelerate this adoption cycle.

ChainCatcher news, according to CoinDesk, the European Securities and Markets Authority stated that although MiCA will come into effect at the end of the year, it has not yet facilitated an increase in cryptocurrency trading in euros, but this could become a potential growth driver as it aims to strengthen investor protection.It is reported that since the formal legislation of this regulatory framework last year, the level of cryptocurrency trading denominated in euros has remained stable at around 10%.

ChainCatcher news, the crypto analytics company CryptoQuant has released a research report indicating that the supply shock from Bitcoin halving may not have as significant an impact on Bitcoin prices as expected. According to CryptoQuant, rather than the effects of halving, the increased demand from investors holding large amounts of Bitcoin is the "key driver" of Bitcoin prices.Although Bitcoin halving typically reduces supply, thereby pushing prices up, CryptoQuant points out that between 2021 and 2023, there were several instances where the demand from long-term holders exceeded the supply during the same period.The current supply-demand gap is larger than ever, suggesting that even with halving, the impact on Bitcoin prices may not be as pronounced as in the past.Additionally, the total issuance of Bitcoin has dropped to only 4% of the total supply, far below the ratio before previous halvings.Bitcoin open interest (OI) has reached $783.6 billion, with only 11 days until halving. Rekt Capital notes that even if Bitcoin prices decline before halving, they may quickly rebound.

ChainCatcher news, according to CoinDesk, the Web3 game development platform Immutable, venture capital firm King River Capital, and Polygon Labs have collaborated to establish a $100 million Web3 gaming fund called "Inevitable Games Fund" (IGF). IGF will provide high-growth opportunities for professional and mature investors in the Web3 gaming sector.It is reported that Immutable and Polygon Labs will be responsible for identifying investment opportunities, while King River will manage the investment process and deploy funds to game studios and Web3 infrastructure companies.

ChainCatcher news, according to CoinDesk, JPMorgan has raised its price target for Coinbase stock to $150, and also stated that ETH could become a "meaningful" revenue driver for Coinbase.

ChainCatcher news, according to Decrypt, Standard Chartered's Head of Financial Research Geoffrey Kendrick stated in a report to investors: "If the inflows related to the ETF materialize as we expect, we believe it could reach around $200,000 by the end of 2025."Kendrick said, "The approval of the ETF is a key driver for the rise in Bitcoin prices," adding, "This is a watershed moment for institutional money's participation in the normalization of Bitcoin, and we expect the approval to drive significant inflows and price increases for Bitcoin."