ChainCatcher news, according to The Block, the TON network expansion project TAC has completed a $6.5 million seed round financing, led by Hack VC and Symbolic Capital, with participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures, and Ankr. The valuation and structure of this round of financing have not been disclosed.The testnet phase of TAC is expected to launch this week, with the mainnet release planned for the first quarter of 2025.According to RootData, TAC is a TON network expansion that allows the EVM community to access Telegram's 950 million users.

ChainCatcher news, Animoca Brands has recently opened a new office covering 28,000 square feet (2,601 square meters) in an emerging tech area on the southern side of Hong Kong Island, spanning two floors. This is about 10 times the size of a tennis court.Animoca Brands President Evan Auyang stated in an interview: "We have increased from 7,500 square feet to 28,000 square feet. Now Hong Kong is a tenant's market, and we believe this is a perfect time to create a collaborative space not only for ourselves but also for other companies in our portfolio."Although cryptocurrency is in a bull market, 2023 has been tough for Animoca, including facing pressure for layoffs and reducing the target size of its metaverse fund from $2 billion to $800 million. Auyang said, "As a company, we have to try. We have to accept failure as part of it," and added that today's Animoca has undergone several transformations in its brief history.Auyang emphasized the importance of government support in Animoca's decision to stay in Hong Kong, calling it "priceless," and spoke about the key moment when the Hong Kong Financial Services and the Treasury Bureau announced support for Web3 alongside Animoca CEO Yat Siu. (CoinDesk)

ChainCatcher news, according to Cointelegraph, investment management company Apollo Crypto has released a report highlighting the potential for a second wave of growth in decentralized finance (DeFi), viewing macroeconomic factors such as the recent interest rate cuts by the Federal Reserve and credit expansion in China as key drivers of DeFi growth.The report points out that after experiencing the peak of "DeFi summer" in 2020, the market slowed down. However, protocols like Maker, Uniswap, and Aave have become mainstream in the industry. As of now, the total TVL of DeFi is approximately $105 billion.The report also mentions the decentralized finance (DeFi) infrastructure, stating that "the focus in recent years has been on building cryptocurrency infrastructure" to establish "a large amount of cheap block space." This allows DApps to access block space with "higher performance speeds" and reduces transaction costs on L2 scaling solutions.

ChainCatcher news, according to CoinDesk, Bitcoin has risen by 7% in the past five days, breaking the $64,000 mark for the first time since August 26. Meanwhile, gold has set new all-time highs over 30 times this year, surpassing $2,600 per ounce. Charlie Bilello, Chief Market Strategist at investment management and financial planning firm Creative Planning, stated that this is the first time since Bitcoin's inception in 2009 that both Bitcoin and gold have become the best-performing assets of the year.Analyst James Van Straten noted that the outstanding performance of Bitcoin and gold is related to the increase in global liquidity, the expansion of global central bank balance sheets, and the recent interest rate cuts by the Federal Reserve, which stimulate investment and economic activity. The current balance sheet of the Federal Reserve stands at $7.1 trillion, and although quantitative tightening is still underway, the pace has slowed. The reduction in reverse repo balances, now just above $300 billion, has released liquidity back into the financial system. This has a stimulating effect, increasing the availability of funds for loans, investments, and overall economic activity.From a broader perspective, the total balance sheet of the world's 15 largest central banks (including the U.S., EU, Japan, and China) is approaching $31 trillion. While this figure itself is not the focus, the trend shows a global recovery of central bank balance sheets since July, rising from about $30 trillion. This increase in liquidity is particularly stimulating for Bitcoin, as its price movements often correspond with liquidity trends. Additionally, the Federal Reserve's 50 basis point rate cut further supported the rise of both Bitcoin and gold.

ChainCatcher news, Onchain Foundation's research director Leon Waidmann released data showing that the Ethereum Layer 2 ecosystem is experiencing strong growth, with the total locked amount reaching a historic high of 14.65 million ETH.Waidmann emphasized that this growth is not only reflected in USD value, but the locked amount of ETH itself is also continuously rising, indicating that the Ethereum ecosystem is rapidly expanding.

ChainCatcher news, according to The Block, Paxos announced its expansion to the Ethereum Layer 2 network Arbitrum and launched its products on Arbitrum One.While it is still unclear what specific products Paxos will launch on Arbitrum, Luke Xiao, head of fintech partnerships at Arbitrum developer Offchain Labs, stated in a statement on Tuesday that Paxos has decided to bring its stablecoin issuance and regulated tokenization platform to Arbitrum.

ChainCatcher news, DeFi analyst Ignas stated that Solana is facing a critical turning point, as its transition from a monolithic blockchain to a modular architecture has sparked industry discussions.Ignas pointed out that this transition could affect Solana's positioning within the cryptocurrency community, with the key being whether the concept of "network scaling" can gain recognition. During this bull market, ETH is positioned between BTC and SOL. He believes that if Solana adopts a Layer 2 scaling model similar to Ethereum, SOL could become the new ETH. However, this depends on how the new architecture impacts the actual performance of the Solana ecosystem.Ignas warned that if Solana faces issues such as liquidity fragmentation, its position could become uncertain. Furthermore, speculators may turn to chase "network scaling" tokens within the Solana ecosystem rather than SOL itself, which could hinder SOL's price growth.

ChainCatcher news, Renzo Protocol announces the launch of its governance token REZ on Solana to enhance its influence in the blockchain ecosystem. The REZ on Solana will maintain a 1:1 peg with the REZ on Ethereum, and this token will comply with Solana's token standards, making it compatible with the decentralized finance ecosystem of the blockchain.REZ was initially deployed on Ethereum and will be transferred to Solana using the Wormhole framework. The Guardian network of the multi-chain protocol utilizes secure cross-chain proofs to ensure seamless token transfers between Ethereum and Solana.

ChainCatcher message, B² Network has reached a strategic partnership with Aptos and Echo Protocol to promote the expansion of BTCFi into the Move ecosystem.This collaboration marks BTCFi's first attempt in the Move ecosystem, with the Aptos Foundation, B² Network, and Echo Protocol each providing 10% APY returns, B² token incentives, and Echo Points rewards respectively for the first phase participants. Currently, 2000 BTC have successfully crossed from B² Network to Aptos's Echo Protocol and have begun to earn rewards.B² Network will continue to explore more multi-chain BTCFi scenarios to promote the development of BTCFi across the entire chain.

ChainCatcher news, according to Cointelegraph, although historically August has been a bearish month for Bitcoin, September may bring the long-awaited breakthrough.Analyst Mikybull stated that based on the technical charts on the weekly chart, Bitcoin is in the final expansion phase (the fifth wave), and the price of Bitcoin may further reach $95,000, followed by $143,000.

ChainCatcher news, according to CoinDesk, 10x Research founder Markus Thielen pointed out that the rebound in cryptocurrency prices is supported by the strong expansion of stablecoins, with the minting volume of stablecoins reaching $1 billion on a 7-day average.In addition, LMAX Group market strategist Joel Kruger stated in an analysis report released this Monday: "Technically, the market is increasingly resembling a bullish consolidation before the next significant surge. This would mean that Bitcoin will set a new high, and ETH may also break its annual high and challenge the historical high set in 2021."

ChainCatcher news, Binance CEO Richard Teng has focused on transitioning the company from founder-led to board-led since taking over last year. He has made it clear that Binance's current financial situation is stable and there are no plans for an IPO.Teng emphasized that the company is strengthening its relationships with global regulators to ensure sustainable development for the next 50 to 100 years. Despite the former CEO CZ being sentenced for violating U.S. laws and stepping down from company management, Binance's co-founder He Yi still plays an important role in the management team. Currently, Binance does not plan to expand into the U.S. market but is focusing on business development in the global market.

ChainCatcher news, the SUN.io official governance page shows that the voting for the SUN.io Meme expansion proposal has ended, and the contract has been executed. The proposal involves adding a dedicated Meme asset feature to meet user demand for Meme assets in the TRON ecosystem. Ultimately, this proposal passed with 94,984,852 votes in favor.It is reported that in order to better meet user participation needs for Meme-related assets, SUN.io will enhance the security and efficiency of smart contracts through technical upgrades, while optimizing the interface and adding a dedicated Meme asset section to improve user experience. In addition, SUN.io will launch marketing strategies specifically targeting Meme assets to promote the development of this field.

ChainCatcher news, the DeFi platform SUN.io based on the TRON blockchain has passed the "Meme Expansion Feature" proposal through community voting, with a support rate of over 90%. It is currently in the queue for contract execution.SUN.io strengthens smart contract security and efficiency through technical upgrades, optimizes the interface by adding a Meme asset area to enhance user experience, and combines targeted marketing strategies to fully leverage the popularity of the Meme market for future promotions.

According to ChainCatcher news, the WEMIX Foundation announced the termination of the WEMIX token burn plan and will redirect resources towards ecosystem expansion. At the same time, its team will continue to promote a deflationary token economy through the WEMIX Pay buyback plan, committing to use at least 4-5% of WEMIX Pay revenue for buybacks.It is reported that the WEMIX Foundation has implemented token burns in various ways, including six large-scale burns, batch burns, and automatic burns.Previous news indicates that during the Brioche hard fork on July 1 of this year, the foundation burned 435 million WEMIX (40% of the total issuance) and implemented a block minting halving mechanism.

ChainCatcher news, according to Decrypt, the application chain infrastructure protocol Tanssi announced an important partnership with Grupo Flow, one of Brazil's largest digital media ecosystems, to assist its blockchain expansion on Polkadot. Grupo Flow has over 23 million subscribers and is entering the blockchain space by creating Flow Chain.Tanssi's infrastructure will support Grupo Flow in launching a dedicated application blockchain, Flow Chain, enhancing user engagement through tokenized interactions and decentralized governance. Grupo Flow's Chief Business Officer Andre Gaigher stated that the potential to connect with audiences through their own chain is exciting, and they look forward to exploring the roadmap in the lab to drive the initial functionalities of the ecosystem. Through integration with Polkadot, Flow Chain will leverage the interconnected blockchain network to expand into ecosystems like Ethereum and Avalanche, ensuring security and consistent performance.