ChainCatcher news, Treasure DAO's chief contributor John announced that due to deteriorating financial conditions, they are facing a restructuring and will terminate game operations and Treasure Chain. Documents show that their annual operating expenses reach up to $8.3 million, while the current treasury only has $2.4 million left, which is expected to last only until July 2025.Chief contributor John has resumed a leadership role, revealing that the team size once reached 40 people, with an annual labor cost of $6.1 million and infrastructure costs of $3 million, of which the fixed annual cost for Treasure Chain is $450,000. Facing survival pressure, the DAO has laid off 15 people and decided to terminate game publishing support and Treasure Chain, assisting partners in migrating to other chains.To extend the funding runway, John proposed to withdraw the idle $785,000 from the market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, allowing operations to be optimistically extended until February 2026. Additionally, the ecological fund holds 22.3 million MAGIC (valued at $2.3 million), but if the MAGIC price plummets, the DAO may struggle to survive between December this year and February next year.The future strategy will focus on four major products: Market, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to showcase the application potential of MAGIC through Smols and Bridgeworld, and to develop the Neurochimp agent to enhance market competitiveness. Community conference calls and governance proposals are forthcoming, including the retirement of Treasure Chain and adjustments to market positioning, with the goal of reversing the current downturn through streamlined operations.According to the crypto asset data platform RootData, Treasure DAO completed a $3.5 million financing through token sales in 2022, led by Digital Strategies Guild, with participants including 1kx, Neon DAO, ID Theory, Arbitrum, Skycatcher Crypto, IOSG, Alchemy Ventures, IndiGG, StreamingFast, and others.

ChainCatcher news, according to Jinshi Data reports, Australian Treasurer Chalmers stated in a speech in Queensland that the Australian government will avoid engaging in "race to the bottom" on tariff issues, adding that the extensive use of tariffs by the Trump administration is "counterproductive and self-defeating."Chalmers noted that the rules that have supported global economic participation for over 40 years are clearly being rewritten. He added that the decision not to exempt Australia from U.S. tariffs on steel and aluminum is "disappointing, unnecessary, meaningless, and wrong."

According to ChainCatcher news, OKX has officially launched the "Smart Combination" feature for its Token Treasure, providing users with a convenient way to quickly start popular coin combinations with one click. Currently, it supports TOP 10 blue-chip coin combinations and TOP 5 MEME coin combinations, and features an intelligent dynamic rebalancing function, aimed at helping users easily achieve automated coin earning and holding by leveraging the fluctuations of different coins. Users only need to invest an amount to quickly create a combination with one click.It is reported that users need to update the OKX App to version 6.104.0 or above, and then enter the App homepage, click on "Strategy Trading" - "Token Treasure" banner to participate and experience the new feature easily.

ChainCatcher news, according to official information, OKX has now launched a new user trading event "Open the Treasure Chest to Win Big Prizes." From December 23, 2024, 00:00 UTC+8 to January 6, 2025, 23:59 UTC+8, users who register for an OKX account and sign up for the event, and participate in the specified popular trading tasks, can win a "treasure chest," with a chance to open various benefits including an iPhone 16 Pro Max, USDT cash red envelopes, and trading fee rebate cards.

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the multi-chain game ecosystem Treasure.Web3Caff Research researcher Wayne pointed out in the report that the Treasure ecosystem, which has attracted multiple games such as Calamity, Wanderers, Unchained, and Synergy Land, announced plans to establish its own Layer2 application chain in February 2024. Ultimately, Treasure DAO decided to adopt Arbitrum Orbit technology and proposed the concept of "Infinity Chains" in its white paper, aiming to make Treasure Chain the core of numerous game Layer3s. Subsequently, the Ruby testnet went live in April. However, by September, Treasure DAO decided to abandon Arbitrum Orbit and instead migrate to the ZKsync-based Elastic Chain, officially launching the mainnet on December 11. After the launch, it is expected that over $200 million in ecosystem-related assets will be affected, attracting widespread attention.The report further pointed out that from NFTs to the multi-chain game ecosystem, Treasure's exploration in the Web3 gaming field continues to advance, especially after its decision to build a Layer2 application chain and propose the concept of "Infinity Chains." Treasure is gradually moving towards its initial long-term goals. The decision to build the application chain based on Arbitrum Orbit and then shift to the ZKsync Elastic Chain also demonstrates Treasure's commitment to providing a higher-performance, lower-cost, and superior cross-chain capability technology foundation. However, Treasure also faces challenges such as technological homogenization, liquidity issues, and the test of BD capabilities, and resolving these issues will directly impact the healthy development of the ecosystem.

ChainCathcer news, Treasure DAO announced on X that its ZKsync-based game L2 blockchain is now live. Treasure's MAGIC token is used for its gas fees, and the Treasure rollup is supported and maintained by Matter Labs, the developers behind ZKsync. As part of the mainnet launch, the player-facing universal account and wallet system, Treasure Connect, is also officially live, while developers can use the Treasure SDK, which supports platforms like Unity, Unreal, and Godot, to get their games up and running. Another featured function is the game exchange, ------ a decentralized token exchange for Treasure powered by Magicswap v2, allowing game developers to integrate token swaps and other DeFi foundational features into their user experience.

According to ChainCatcher news and the New York Post, Bitcoin millionaire Jon Collins-Black has hidden five treasure-filled boxes across the United States and left behind a book full of clues to help treasure hunters find them. The treasures are currently valued at over $2 million, including 1 BTC, which is currently worth nearly $100,000, and it is estimated that its price will likely have increased by the time the treasure boxes are found.Jon Collins-Black stated, "You don't have to be a genius to solve these clues. There's no extraordinary code. If you have curiosity, imagination, and a willingness to try new things, you can find the treasure I've hidden." It is reported that, in addition to Bitcoin, some of the treasures also include a diamond and sapphire brooch belonging to Jacqueline Onassis, a Greek laurel tree from the 4th century BC, a coin designed and minted by Pablo Picasso, and a rare lunar rock specimen.

ChainCatcher news, Zypher Network and Linea have jointly launched a new Treasure Ark event. Players can stake ETH on the Linea chain to earn Linea LXP-L points and gain whitelist and point rewards for sharing 400 million $Zypher tokens. Additionally, Zypher Network offers $GP rewards, Crypto Rumble hero blind boxes, and the world's first 0Gas SBT, allowing players to enjoy a zero gas fee gaming experience on Zytron and prepare for future on-chain game mining.It is reported that the Treasure Ark event is a sub-event of the Linea Surge incentive program, aimed at promoting ecosystem development by enhancing liquidity (TVL) on the Linea chain. Users can earn LXP-L point rewards by contributing liquidity to designated DApps. This event is supported by several well-known protocols, including Lido, Renzo, ether.fi, and Stakstone, allowing players to contribute to the growth of Linea's TVL through a gamified staking mechanism, with the opportunity to gain whitelist eligibility and point rewards for 400 million $Zypher tokens. Furthermore, players participating in staking will unlock Zytron's 0Gas SBT, enjoy fee-free on-chain gaming, receive in-game airdrop rewards, and participate in on-chain mining.Previously, Zypher Network has established deep collaborations with multiple Web 3 infrastructure projects, including Linea, Risc Zero, Gevulot, HyperLane, Third Web, Particle Network, Celestia, Renzo, and Eigen Layer, successfully launching the first high-performance Layer 3 driven by ZK technology—Zytron Pioneer. In the future, Zypher plans to launch more incentive activities, including gas-free SBT airdrops and the integration and experience of over 30 on-chain games.

ChainCatcher message, the "Boxing Week" mystery box event hosted by RushMeme Bot, incubated by the cross-chain bridge leader Owlto Finance, has successfully concluded on October 9th after 4 weeks.It is reported that this event brought 14,000 new users to RushMeme Bot, with a total of 64,000 box openings; a total of 21.8 million Booster points were distributed. Booster points are not only an important certificate for the future $RUSH token airdrop, but users can also check their Booster points ranking on the RushMeme official website.RushMeme Bot is dedicated to providing users with a safer, more convenient, and faster TG trading bot, focusing on one-click quick trading. It currently supports Solana, BSC, Ethereum, and BASE chains. RushMeme is the trading bot with the shortest trading link on the market; users only need to input the token contract to automatically match the network and achieve one-click trading. In addition, users can also earn a high proportion of commission income by sharing their rebate links.

ChainCatcher message, hosted by the cross-chain bridge leader Owlto Finance, the RushMeme Bot is holding a "Boxing Week" mystery box event, with over 55,000 openings in the first 2 weeks. Users trading memecoins using its Rushmeme TG Bot will receive additional mystery box rewards, and opening the mystery boxes will yield $SOL rewards and future $RUSH token airdrop Boosters. The mystery box event lasts for 4 weeks and will end on October 9.The RushMeme Bot aims to provide users with a safer, more convenient, and faster TG trading bot, featuring one-click quick trading. It currently supports Solana, BSC, Ethereum, and BASE chains. Users can earn Booster points with every transaction on RushMeme, serving as proof for future $RUSH airdrops. Users can also earn substantial rewards through a rebate mechanism while sharing.

ChainCatcher news, according to The Block, Treasure DAO members have approved the migration from Arbitrum to ZKsync. The DAO stated that the mainnet "will launch in the next 1.5 to 2 months."Treasure DAO also stated: "The token swap will be executed in the coming days between Treasure and the ZKsync Foundation."

ChainCatcher news, the decentralized gaming platform Treasure DAO announced on platform X that the community has approved the proposal to launch the Treasure L2 network in the ZKsync ecosystem with a support rate of 99.5%.According to the previous plan, Treasure's testnet will be migrated from Arbitrum to a new testnet on the ZK Stack before going live on the mainnet. "Generally speaking, the team usually chooses not to participate in governance votes from a voting perspective and leaves it to the community," said the Treasure Core development team. Holders of the native token MAGIC will be responsible for deciding on the migration plan.

ChainCatcher news, Treasure co-founder Karel Vuong published a lengthy article on the X platform clarifying "the reasons and motivations for Treasure DAO's proposed migration from Arbitrum to ZKsync."The article points out that leaving Arbitrum is a "bittersweet" moment; the team has a deep love for Arbitrum and has built, explored, and grown alongside it over the past three years. However, it has been 7 months since the game catalyst vote, and many things have changed. Although Karel Vuong denies that grants are the core reason for Treasure's departure from Arbitrum, he expressed disappointment in seeing Arbitrum representatives dragging Treasure down behind the scenes after investing a significant amount of time and effort to make GCP a reality, promote it within the DAO, and do everything possible to push it forward.Additionally, Karel Vuong stated that ZKsync is more conducive to the project's vision of large-scale adoption in terms of scalability, throughput, cost, gaming possibilities, onboarding, and interoperability. This is the main reason the team chose ZKsync.

ChainCatcher news, Treasure DAO recently released a proposal to migrate its Web3 gaming ecosystem from Arbitrum to ZKsync. The proposal indicates that ZKsync is more "suitable" to meet Treasure's long-term plans in decentralized gaming.The official statement says: "The proposal... outlines the plan to utilize ZKsync's ZK Stack technology as L2 to launch the Treasure chain, instead of the previously proposed Arbitrum Orbit. If approved, Treasure plans to launch its mainnet on ZKsync in mid-November."Voting will begin on September 17. If approved, Treasure's testnet will be migrated from Arbitrum to a new testnet on ZK Stack, followed by the mainnet launch. "In general, the team usually chooses not to participate in governance voting from a voting perspective and leaves it to the community," said the Treasure Core development team. Holders of Treasure's native token MAGIC will be responsible for deciding on the migration plan.