ChainCatcher news, according to Lookonchain monitoring, a whale who profited over $10 million on $swarms accidentally purchased the wrong token and lost 298 SOL ($63,400).Since December 20, this whale spent $12.48 million to purchase 58.95 million swarms at an average price of $0.038, making a profit of $10.25 million; spent $2.67 million to purchase 29.52 million ZAILGO at an average price of $0.024, making a profit of $1.96 million; and spent $970,000 to purchase 80.84 million mcs at an average price of $0.0052, making a profit of $549,000.40 minutes ago, this whale spent 325 SOL ($69,000) to purchase autospores, only to find out it was the wrong token. He quickly sold all autospores and switched to buying spores, resulting in a loss of 298 SOL ($63,400).

ChainCatcher news, on the morning of December 12 local time, South Korean President Yoon Suk-yeol delivered another televised address, refusing to step down early and denying that declaring martial law constitutes a crime of insurrection. Following Yoon's speech, various opinions in South Korea quickly criticized him. The largest opposition party, the Democratic Party of Korea, stated that Yoon is in a state of mental instability and called for the National Assembly to pass an impeachment motion. Han Dong-hoon, a representative of the ruling party, also stated after Yoon's speech that there was no sense of reflection in Yoon's remarks and that he was rationalizing his actions.Some commentators pointed out that Yoon may anticipate being unable to prevent the National Assembly from passing the impeachment motion and is looking for ways to influence the final ruling of the Constitutional Court. The chaos in South Korean politics is likely to continue. (Jinshi)

According to ChainCatcher news, monitored by Lookonchain, crypto KOL @tydollasign "accidentally" sent 1.66 million SUNDOG to a contract address, resulting in the destruction of these tokens, worth approximately $409,000.Fortunately, Sun Yuchen sent him 3.2 million TRX (worth about $500,000), allowing him to repurchase 1.64 million SUNDOG.

ChainCatcher news, pharmaceutical company CelaCare is suing stablecoin issuer Circle, seeking the return of 1 million USDC that its CEO Kenneth Yates mistakenly sent to the wrong address and "destroyed."The lawsuit claims that on July 3, 2024, Yates incorrectly entered the letter B as the number "8" when sending USDC from his Coinbase account, resulting in the funds being sent to an unowned and inaccessible wallet address. CelaCare requests the court to confirm that the USDC has been destroyed and seeks $1 million in damages from Circle.However, Circle denied the refund request on September 6.

ChainCatcher news, according to Cointelegraph, the blockchain analysis company Chainalysis allegedly accidentally leaked a video about Monero (XMR) token tracking methods, which was subsequently deleted.

ChainCatcher news, former U.S. President Trump had a live conversation with Tesla CEO Elon Musk on the X platform. Trump reiterated his views on immigration, the Biden administration, and Vice President Harris. He also reaffirmed his statements about having a good relationship with Russian leader Putin.When discussing inflation, Trump stated, "People have been completely destroyed by inflation, and we must bring prices down."Regarding the oil and gas industry, Musk said, "I think we should not demonize the oil and gas industry." Trump mentioned that the economy relies on these energy sources. However, due to environmental pollution, he hopes the U.S. will transition to a "more sustainable economy."

ChainCatcher news, according to the Snapshot governance page, Tally's market lead Frisson has proposed a new initiative aimed at enhancing the governance mechanism and increasing security through the implementation of ARB token staking.The proposal plans to launch a liquid staking token named stARB through the Tally protocol, introducing DeFi and Restaking to achieve token staking yields and compound interest while retaining governance delegation rights for holders.Development work is expected to begin in August, with a complete ARB staking implementation proposal to be submitted in October. Upon approval of the proposal, $2 million worth of ARB tokens will be provided as development funding.

ChainCatcher message, according to CoinDesk, Tally Protocol CEO and co-founder Dennison Bertram stated that a recent group of governance token holders decided to create a yield product on the Compound lending protocol, which is not a "governance attack." You cannot blame people for following the rules; just because other COMP token holders reacted indifferently does not mean that the proposals from Humpy and the Golden Boys are an attack. The smart contract was not exploited, and the actions taken are in accordance with the rules governing the DAO of the protocol; this indicates that the democratic process of governance DAOs is not perfect and needs improvement.Bertram stated that the recently announced Tally Protocol will enter the testnet in the coming weeks, aiming to address the issues of low participation and engagement in DAO governance by incentivizing active involvement. Tally previously raised funds in two rounds in 2021 to build a DAO governance dashboard and tools.

ChainCatcher news, Tally CEO and co-founder Dennison stated on social media that Tally will launch the Tally Protocol. The Tally Protocol unlocks the economic potential of governance tokens by providing a liquidity layer for governance staking and re-staking, while optimizing the distribution of voting power to bring economic security back to blockchain protocols.Additionally, the Tally Protocol will include a smart contract layer (allowing DAO token holders to mint Tally Liquid staking tokens tLST); enabling governance re-staking (users can stake governance tokens into Tally and receive tLST that can be deposited into the re-staking system, with voting rights associated with governance tokens still valid); enhancing DAO security (the protocol redistributes undelegated voting rights back to the DAO, and undelegated tokens staked in the protocol will also be returned to the DAO for redistribution); incentivizing effective governance (by requiring token holders to delegate to active participants for rewards, voting rights remain in the hands of active DAO voters, thereby enhancing security against malicious attacks and preventing passive governance); sustainably incentivizing DAO representatives (a fair and transparent mechanism to reward active representatives).

ChainCatcher news, the cross-chain interoperability platform Wormhole announced on social media that it is collaborating with DAO governance infrastructure Tally and crypto company ScopeLift to establish the industry's first multi-chain governance system, MultiGov, which will soon be available for DAOs on Solana, Ethereum mainnet, and EVM L2. The W token will be the first token to implement MultiGov. Wormhole DAO will be the first to adopt MultiGov, enabling W holders to create, vote, and execute governance proposals on any supported chain.It is reported that the goal of MultiGov is to achieve: activity (meeting community members where they are), accessibility (by lowering gas fees, allowing all token holders to participate), accessibility (enabling token holders to vote on any chain), and flexibility (allowing DAOs to easily expand to new networks).

ChainCatcher news, according to Coin Edition, Skybridge Capital founder Anthony Scaramucci stated in an interview that despite the Federal Reserve performing well, the system operated by the Federal Reserve has fundamentally collapsed. He cited concerns over the devaluation of fiat currency and noted that the U.S. government's spending exceeds its income.He explained that this situation is dangerous because borrowed money must be repaid with more dollars, which could lead to a severe economic recession. Therefore, he concluded that the Federal Reserve will ultimately find itself in trouble due to the system's collapse.As a solution, he proposed an alternative in the form of immutable assets with clear scarcity, essentially a transparent transaction ledger. He pointed out that no asset possesses such characteristics other than Bitcoin, which he believes is evolving into a store of value that could be more valuable than gold.He predicted that in the event of a collapse of the U.S. financial system, Bitcoin's market capitalization would reach $15 trillion.

ChainCatcher news, the DAO operation platform Tally has announced the launch of the zkSync Era mainnet, supporting the creation and operation of DAOs for protocols, projects, and public goods on zkSync Era on Tally.

ChainCatcher news, according to CoinDesk, the Indian Ministry of Electronics and Information Technology revealed on Wednesday that it hopes to enable users to digitally sign documents using cryptocurrency tokens in a new local web browser.As part of the launch of the Indian Web Browser Development Challenge (IWBDC), the announcement stated: "The browser envisions the ability to digitally sign documents using cryptocurrency tokens, thereby enhancing secure transactions and digital interactions." Among the expected features of the browser, the government has proposed a requirement to "support Web3."

ChainCatcher news, Bitdeer is selling an environmentally friendly Bitcoin mining private equity fund BGB (Bitdeer Green Bitcoin Fund). The fund's investment goal is to achieve returns by owning and operating the Bitcoin mining industry in Bhutan, with a construction target of 600 MWs and an estimated total hash rate close to 20EH/s.The BGB fund operates as a closed-end fund with a duration of 6 years (unless extended according to the fund documents), with a minimum investment amount of 5 million USD. The first phase of the project is expected to raise 80 million USD. Earlier, Bitdeer was collaborating with the investment department of the Bhutanese government on the construction of Bitcoin mining sites.

ChainCatcher news, according to Cointelegraph, Coinbase Chief Legal Officer Paul Grewal stated: "The staking products we offer on Coinbase are fundamentally different from the yield products described in the regulatory actions against Kraken. The differences are significant."He pointed out that the first difference is that Coinbase users retain ownership of their cryptocurrency at all times. Coinbase stated in its updated user agreement on December 15, 2022, that it merely "facilitates the staking of these assets on behalf of users," but may not replace any Ethereum. The second difference is that customers have the "right to request to withdraw their stake," and the company cannot "simply decide not to pay any withdrawals." He noted that Coinbase being a publicly traded company is another key difference, which allows customers to "gain deep transparency into our financial condition." (source link)

ChainCatcher news, according to a report by the Washington Examiner, a screenshot shows that the U.S. Securities and Exchange Commission (SEC) accidentally leaked the personal information of crypto miners while investigating the decentralized grid blockchain project Green. Part of the investigation included contacting consumers associated with the project, asking them about their purchases of Green products and their experiences. Although members of Green have cooperated with the SEC to answer all relevant questions, the agency failed to send the email addresses of all 650 users confidentially on January 6, thus exposing the names and emails of these individuals.The report states that the accidental leak of personal information during this investigation violates the U.S. Privacy Act of 1974, which prohibits sharing information collected by federal agencies without proper consent. The SEC responded by stating, "Protecting the privacy of all parties is essential, and the U.S. Securities and Exchange Commission is investigating this matter." (source link)