ChainCatcher news, the Solana ecosystem cross-chain communication protocol Zeus Network announced the launch of the Bitcoin and Solana interaction browser ZeusScan at the Solana Breakpoint conference.In addition, Zeus announced that ZeusNode will be launched in the fourth quarter of 2024. ZeusNode will support interactions between Bitcoin and Solana. In the future, when BTC is introduced to Solana, the ZeusNode infrastructure will be able to support additional BTC standards, allowing multiple operators to bring their BTC to Solana. ZeusNode can read transactions on Bitcoin and other UTXO-based blockchains. ZeusNode will also facilitate interactions between Solana and other blockchains.

ChainCatcher message, Sanctum co-founder FP Lee posted on social media stating that, just as the answer to Quest 4 in the Wonderland event (over 100,000 wallets completed) is "serious people will build our new world," we believe that sincerity is as important as capital. Therefore, we provide appropriate rewards for these individuals. Half of the airdrop (5%) will be distributed according to the proportion of Wonderland XP; the other half (5%) will be allocated based on seriousness. Users who make significant contributions to their profiles will have a larger share in the 5% distribution. Additionally, anyone with a non-zero seriousness will receive a small multiplier of all their Wonderland event experience points.Finally, he emphasized that even if users do not create a profile or connect social media, they are still eligible for the CLOUD airdrop, as there are valid reasons for not doing so (due to privacy or security concerns), and therefore we will not penalize anyone for this. However, those who choose to do so and make significant contributions to the protocol will be rewarded.

ChainCatcher news, Wintermute co-founder and CEO Evgeny Gaevoy disclosed on the X platform that the NEAR Foundation has refused to fulfill its redemption commitment of $11.2 million USN related to FTX creditors. Wintermute stated that it will make a final public attempt to request the NEAR Foundation to complete the redemption, and if the NEAR Foundation continues this way, Wintermute will take legal action.Gaevoy indicated that Wintermute has been working with the FTX bankruptcy estate since this spring to facilitate the liquidation of its assets to maximize creditor distribution. As part of this, Wintermute was asked to assist in the sale of 11.2 million USN, and Wintermute executed this transaction, providing over $11 million in funding to FTX creditors. The sale was based on NEAR's public statement that USN could be exchanged for USDT on a 1:1 basis, but when Wintermute submitted the redemption request, NEAR refused to fulfill its commitment. Two and a half months later, Wintermute still has not received any USDT, and the final offer received was 20% of the amount involved.

ChainCatcher news, Sun Yuchen attended the Huobi brand upgrade launch event held in Singapore and stated that Huobi's future development includes three major strategies: globalization, technology-driven development, and technology for good. He will fully support Huobi's development along with other advisory committee members, working with the industry to build a global Web 3.0 portal. Huobi and Huobi Global will also adopt the new brands "火必" and "Huobi," with the new slogan being "火必，必火."Sun Yuchen stated that 火必 embodies the traditional Chinese virtue of "义" and implements the brand concept of "technology for good," continuing to contribute to the innovation and development of global blockchain and virtual asset technology, realizing the vision of 火必 "technology changes the world."Sun Yuchen also mentioned, "With the brand update, the launch of the new roadmap, and the guidance of the global advisory committee, I believe 火必 can strengthen its market leadership and make a comeback in the top three." (source link)

ChainCatcher news, the NEAR Foundation announced on Monday that the Decentral Bank (DCB) has recently declared that the NEAR native stablecoin USN has insufficient collateral due to some double minting related to the v1 algorithm, with a known collateral shortfall of $40 million. Furthermore, considering the increased regulatory scrutiny, the NEAR Foundation recommends that USN should be gradually wound down. The Foundation has chosen to reserve $40 million in fiat currency to provide a grant for creating a USN protection program.The DCB official later stated that to ensure the USN protection program begins, the minting of new USN has been permanently halted, liquidity managed by DCB has been removed from the Ref.finance #3020 pool, and over 40 million USN has been burned. Approximately $5.7 million NEAR in the DCB treasury will be donated to the NEAR community. (source link)

Chain Catcher news, the issuer of the NEAR native stablecoin USN, Decentral Bank, announced that USN V3.0 will be launched in the fall of 2022, allowing users to mint USN using whitelisted assets. The whitelist will include crypto assets such as NEAR, but the specific list has not yet been announced. (source link)