ChainCatcher news, according to The Block, THORChain governance proposal No. 6 has been approved by a majority of validators, aimed at addressing the platform's nearly $200 million debt crisis. According to the proposal, THORChain will convert the defaulted debt into equity by issuing equity tokens TCY (Thorchain Yield).The total supply of TCY is 200 million tokens, distributed to creditors at a rate of 1 TCY = 1 USD, with holders permanently enjoying 10% of THORChain's revenue sharing rights. To ensure the liquidity of TCY, the core team will draw $5 million from the treasury to establish a RUNE/TCY liquidity pool at a price of $0.1 per token, with initial liquidity of $500,000.Previously, due to uncertain financial conditions, THORChain suspended THORFi services, including "savings and lending," on January 23 and initiated a 90-day restructuring plan.

ChainCatcher message, Coinbase announced on X that the delay issue for sending and receiving crypto assets on the Base network has been resolved, and transactions will be processed as expected.

ChainCatcher news, Upbit announced that it will terminate trading support for SOLVE on February 24, 2025, at 16:00.

ChainCatcher news, according to market data, influenced by the news of being listed on Bithumb, SOLV briefly rose by 19.37% before retreating, currently quoted at 0.0662 USD.

ChainCatcher news, South Korean cryptocurrency exchange Bithumb announced that it will add Korean won trading pairs for Aerodrome Finance (AERO) and Solv Protocol (SOLV) on January 24 at 3 PM.

ChainCatcher news, according to official information, OKX has launched the SOLV airdrop event. From January 21, 2025, 15:00 to April 21, 2025, 15:00 (UTC+8), users can stake BTC to receive corresponding SOLV airdrop incentives, with a total prize pool of 33,600,000 SOLV.It is reported that Solv Protocol is a Bitcoin staking platform that abstracts the complexity of Bitcoin staking through a Staking Abstraction Layer (SAL). It also provides a universal Bitcoin token (SolvBTC) that can be used across multiple chains, offering diverse yield opportunities for retail and institutional investors while ensuring asset liquidity by seamlessly integrating Bitcoin into the DeFi ecosystem.

ChainCatcher news, Coinbase CEO Brian Armstrong responded to user complaints, stating that the platform is fully committed to expanding its Solana infrastructure to cope with the recent surge in trading volume. Crypto KOL Ansem previously stated that he paused using Coinbase due to Solana transaction delay issues.

ChainCatcher message, CAT Protocol announced on platform X that the recent security incident has been amicably resolved, with the parties involved acting in good faith, demonstrating ethical intentions, and returning the affected assets.Therefore, CAT Protocol considers this incident to be a white hat action and confirms that no user funds were lost. Strengthening measures are currently being implemented.

ChainCatcher news, Bitget has announced the launch of U-based SOLV perpetual contracts, with a maximum leverage of 75 times, and contract trading BOT is now open.

ChainCatcher message, Binance market shows that SOLV opened at 0.197 USD, currently quoted at 0.1588 USD.

ChainCatcher message, Binance will launch SOLV 1-75x U-based perpetual contracts on January 17, 2025, at 20:15 (UTC+8).In addition, Binance Wealth Management, One-Click Buy, Instant Exchange Trading Platform, Leverage, and Dollar-Cost Averaging Platform will launch Solv Protocol (SOLV).

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, Amber Group is the market maker for Binance's Megadrop new token SOLV. An address starting with 0x716 received 23.2 million SOLV from the project's multi-signature address 3 hours ago for market making (accounting for 1.56% of the initial circulation), and currently, 12.2 million of these have been deposited into major trading platforms.

ChainCatcher message, according to @ai_9684xtpa monitoring, Amber Group is the market maker for Binance Megadrop's new token SOLV.Three hours ago, the address 0x716...dbE85 received 23.2 million SOLV from the project's multi-signature address for market making (accounting for 1.56% of the initial circulation), and currently, 12.2 million of them have been deposited into major trading platforms.

ChainCatcher news, according to the official announcement, OKX will officially launch the SOLVUSDT perpetual contract on January 17, 2025, at 6:15 PM (UTC+8) on the web, app, and API.It is reported that Solv is a decentralized Bitcoin staking protocol that unlocks the potential of Bitcoin assets through liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custody solutions, it simplifies and standardizes Bitcoin staking through the Staking Abstraction Layer (SAL).

ChainCatcher news, the Web3 asset data platform RootData released the "Solv protocol project market capitalization comparison forecast" chart. According to the chart, as of January 16 at 2 PM, among the listed projects, the token price ranges from $0.06 to $1.6.It is reported that previously, Binance launched the third phase of the Megadrop project, the Bitcoin staking protocol Solv Protocol (SOLV). Binance will list Solv Protocol (SOLV) at 18:00 Beijing time on January 17, and open trading pairs SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. Seed tags will be applied to SOLV.

ChainCatcher News, Nate Anderson, the founder of the well-known American short-selling firm Hindenburg Research, stated in a statement that he has decided to dissolve the research firm."Nearly 100 people have been subjected to civil or criminal prosecution by regulators at least in part because of our work, including billionaires and oligarchs," he wrote, "We have shaken some empires that we believe needed to be shaken. For now, I will focus on ensuring that everyone on our team can achieve their next desired goal."

ChainCatcher news, the Bitcoin staking protocol Solv Protocol announced that the SOLV token airdrop will open for eligibility verification on January 16 at 17:00 (Beijing time), and the official claim will open on January 17 at 17:00. The SOLV token will be listed on exchanges such as Binance, Bybit, and Hyperliquid on January 17 at 18:00. Unclaimed tokens will be returned to the community rewards and DAO treasury after March 18 at 17:00.It stated that since the launch of SolvBTC in April 2024, the platform has attracted over 24,500 BTC deposits.

ChainCatcher news, according to the official announcement, the South Korean cryptocurrency exchange Upbit has suspended the deposit service for Solve.Care (SOLVE) due to its lack of transparency, which may pose risks to investors.SOLVE has been designated as a "warning project" and will undergo a two-week review period. Upbit will assess whether to extend the designation period, cancel the designation period, or terminate trading support during this time.