ChainCatcher news, Interchain Foundation acquires blockchain solution provider Skip Protocol.Interchain Foundation (ICF) is a Swiss non-profit organization dedicated to promoting interoperability and sustainable development within the Cosmos ecosystem. This strategic acquisition brings Skip's expertise in product, engineering, and overall coordination with the ecosystem and community into ICF.After the acquisition, Skip will be renamed Interchain Inc., becoming a subsidiary of ICF, led by Skip co-founders Barry Plunkett and Maghnus Mareneck, who will be responsible for leading all product, protocol, and strategic development for the foundation. Its main goal is to promote the development of cross-chain native companies and developers, attract new users and capital liquidity, and drive technological achievements to enhance the competitiveness of the Interchain Stack.

ChainCatcher news, according to Jinshi reports, LPL Financial Chief Economist Jeffrey Roach expects the Federal Reserve to skip a rate cut in December or January next year, followed by up to four rate cuts within 2025. Analysts at Bank of America expect a rate cut in December, but they add that "given the resilience of economic activity and stubborn inflation, the magnitude of the rate cut seems to lean towards being more moderate."According to data from the CME FedWatch tool, the market expects about a 45% chance that the Federal Reserve will keep interest rates unchanged at the upcoming December meeting. A month ago, this probability was 24%.

ChainCatcher news, a Citigroup analyst report indicated that despite recent labor market data potentially causing some market participants to reconsider their expectations for a Federal Reserve rate cut, the likelihood of the Fed skipping a rate cut during the November meeting is low.Although last Friday's non-farm payrolls saw a significant increase of 254,000, exceeding economists' expectations of 140,000, analysts pointed out that we suspect the strong employment report released last Friday may not be sustainable. Citigroup noted: A series of weak labor market data prior had led the market to expect the Fed to cut rates by at least 25 basis points at each meeting, and possibly take more substantial action with a 50 basis point cut. (Jin Shi)

ChainCatcher news, according to Cointelegraph, the latest report shows that security researchers have discovered a new attack mechanism called "Dark Skippy," which hackers can use to extract private keys from Bitcoin hardware wallets that only have two-signature transactions. This vulnerability could affect all hardware wallet models, but it only activates when victims are tricked into downloading malicious firmware.The previous version of "Dark Skippy" required dozens of transactions to be effective, while the new version of "Dark Skippy" can execute with just a few transactions. Additionally, the attack can be carried out even if users rely on separate devices to generate their mnemonic phrases.The disclosure report was published by Lloyd Fournier, Nick Farrow, and Robin Linus. Fournier and Farrow are co-founders of the hardware wallet manufacturer Frostsnap, while Linus is a co-developer of the Bitcoin protocols ZeroSync and BitVM.

ChainCatcher news, Cosmos ecosystem MEV infrastructure provider Skip Protocol announced the launch of the Skip API, allowing one-click cross-chain token swaps and transfers between any networks in Cosmos.Skip Protocol stated that by integrating the Skip API, any wallet, frontend, or dApp can seamlessly transfer liquidity between IBC chains with great ease. (source link)

ChainCatcher news, Cosmos ecosystem MEV infrastructure provider Skip Protocol will provide the maximum extractable value (MEV) capture mechanism on the Layer 1 public chain Sei Network. Sei users and validators will receive passive rewards through the recovery of MEV, which can be used to fund community pools, pay or subsidize Gas fees, increase staking rewards, or be given as direct rebates. (Source link)

Chain Catcher news, MEV infrastructure provider Skip on Cosmos has completed a $6.5 million seed round financing, led by Bain Capital Crypto, with participation from Galaxy Digital, Robot Ventures, and Jump Crypto.Skip was founded in 2022 by Barry Plunkett and Maghnus Mareneck. The Skip Protocol aims to build on-chain and off-chain MEV infrastructure to help users, stakers, and validators share MEV profits, enabling seekers to execute more complex and profitable strategies. (Source link)