ChainCatcher message, Federal Reserve Chairman Powell: According to the law, the president is not allowed to fire or demote a Federal Reserve Board member.

ChainCatcher message, Solana co-founder Toly tweeted that he hopes to see Firedancer launch on the mainnet soon to improve the security bus coefficient, while also enhancing consensus reduction and formal proof. Future discussions need to address increased computational load, asynchronous execution, multi-concurrent leaders, and DX improvements.

ChainCatcher news, according to DL News, Youssef Amrani, co-founder and general manager of Atom Accelerator DAO, was dismissed last week, with the core issue of controversy being the planned performance bonuses. On September 25, the employees of Atom Cooperative unanimously voted to remove general manager Youssef Amrani, with September 30 being his last day in the organization.Atom Accelerator co-founder Ryan Orr refused to continue leading the organization and suggested either dissolving it or finding someone "willing to drive the community update plan" to take over. Communications head Syed Choudhury stated he would leave by the end of this year, and CFO Patricia Mizuki also announced her departure.It is reported that Atom Accelerator has distributed millions of dollars in funding to support the Cosmos cryptocurrency, and the organization was founded by Amrani and Orr in 2023, with a small number of employees mostly funded by Cosmos Hub.

ChainCatcher news, according to Ibtimes, the U.S. House Financial Services Committee will hold a hearing titled "Oversight of the SEC" on September 24, with SEC Chairman Gary Gensler in attendance to testify. Tomorrow, he will appear alone at a Senate hearing. After the announcement of Gensler's attendance, many users in the crypto community expressed criticism and dissatisfaction.NFT collector Medic Matt stated that attending the congressional hearing would be "a great opportunity for resignation," with some community members calling for Gensler to hand over the SEC chairmanship to someone more capable. Cryptocurrency researcher Anderson predicted that Gensler would "not answer any questions and just waste everyone's time." Anderson noted that during a hearing in 2023, Gensler repeatedly refused to answer lawmakers' questions about whether Ethereum is classified as a security or a commodity.Cryptocurrency YouTuber James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately destroying the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban stated that the SEC should be shut down. He urged Gensler: "Resign now, before you get fired by Trump later."Previously, Republican presidential candidate Donald Trump stated that if elected in November, he would fire SEC Chairman Gary Gensler on his first day in office. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry, as more and more Republican politicians have acknowledged the rapid growth of the industry.

ChainCatcher news, Firedancer blockchain and protocol engineer Liam Heeger announced at Solana Breakpoint that the Solana validator client Firedancer, developed by Jump Crypto, is now live on the mainnet (non-voting mode).

ChainCatcher news, according to a post by SolanaFloor on the X platform, Jump Crypto's Solana independent validator client Firedancer has officially launched on the testnet. It is reported that Firedancer can handle up to 1 million transactions per second (TPS).

ChainCatcher news, according to The Block, the blockchain built by Jump Crypto is about to launch its first bug bounty program, Firedancer v0.1 ("Frankendancer"), a six-week bug bounty program that will start on July 10.It is reported that the program was announced by the anonymous developer Cantelope Peel and is supported by Immunefi, with a scale of $1 million.

ChainCatcher news, former OpenAI board member Helen Toner harshly criticized Altman in an interview for his lack of transparency in decision-making, which left the board unaware of key decisions at OpenAI. This was the reason why the board members ultimately decided to dismiss him. She revealed that Altman had repeatedly concealed information from the board and distorted the ongoing business of the company, and in some cases, outright lied to the board.It is reported that last fall, OpenAI CEO Sam Altman was first removed by the board and then regained his position, which led to a major reshuffle of the company's board members.

ChainCatcher news, Kuleen Nimkar, the DePIN lead at the Solana Foundation, stated that Solana plans to release the full version of the Firedancer upgrade in 2025, with a "streamlined version" set to launch beforehand. As network activity for decentralized infrastructure protocols continues to grow, this upgrade aims to enhance Solana's overall reliability and scalability. Kuleen mentioned during the DePIN discussion at DEFICON on May 23, "We are seeing a lot of emerging deep projects doing everything." DePIN, or Decentralized Physical Infrastructure Networks, refers to the use of blockchain to manage and operate physical infrastructure systems.

ChainCatcher news, LayerZero CEO Bryan Pellegrino stated in a post on X: "Every LayerZero Labs employee is 100% prohibited from receiving airdrops and is ineligible to receive them; this will be a terminable offense and has been announced internally."

ChainCatcher news, Solana node validator Firedancer engineer cantelopepeel.eth posted that the final integration of the Firedancer client is progressing smoothly. He added that there is still a lot of work to be done, but the first comprehensive test is coming soon.It is reported that at the end of October last year, the Solana Foundation officially announced at the Solana community annual summit Breakpoint that Solana's second node validator Firedancer has successfully launched on the testnet. The development of Firedancer was completed by Jump Crypto, aiming to enhance the diversity of node clients, improve the stability of the Solana blockchain, and further increase Solana's resilience and resistance to attacks.In addition, compared to Solana's first client, Firedancer is developed using C/C++ language, which not only improves its compatibility and memory efficiency but also helps reduce the cost of running Solana nodes.

ChainCatcher news, the Solana Foundation announced at the Solana community annual summit Breakpoint that Firedancer, the second node validator for Solana developed by Jump Crypto, is officially live on the testnet. Firedancer is used to enhance the diversity of node clients and the stability of the Solana blockchain, making Solana more resilient and resistant to attacks. Compared to the first client, Firedancer is developed using C/C++ language, which provides higher compatibility and memory efficiency while reducing the cost of running Solana nodes.

ChainCatcher message, Pantera Capital stated in its December investor letter that the U.S. government granted countless congressional advantages to early internet companies, but in the blockchain era, the U.S. regulatory approach has had the opposite effect, leading to 95% of blockchain transactions moving overseas, with 95% of the market capitalization of blockchain protocols in projects outside the U.S.The U.S. SEC can only regulate things that are considered securities, which to some extent has led to regulators lacking the appropriate power or tools to mobilize, and can only take enforcement actions after harm has occurred, rather than being able to proactively protect users and funds. Another major factor leading to the collapse of FTX is the uncertainty of U.S. regulation driving crypto asset institutions and users away from the unregulated U.S. shores. (source link)

ChainCatcher news, according to CoinDesk, the president and CEO of the crypto custodian Prime Trust, Tom Pageler, has been fired this week. According to his LinkedIn profile, Pageler has been at the helm of Prime Trust since January 2021, and the reason for his dismissal is currently unclear. Prime Trust issued a statement indicating that Jor Law will serve as the interim CEO and that Pageler has been adjusted to a new role.It is reported that Prime Trust has personal financial ties with FTX executives, with SBF holding tens of millions of dollars in assets at the company and making donations for political campaigns. (CoinDesk)

According to ChainCatcher, the Wall Street Journal cited a spokesperson for the cryptocurrency exchange FTX, stating that the exchange has fired three executives, including co-founder Gary Wang, engineering director Nishad Singh, and Alameda Research CEO Caroline Ellison. (Wall Street Journal)

According to ChainCatcher news, the Wall Street Journal reported that documents submitted by Twitter to the U.S. Securities and Exchange Commission (SEC) show that after Musk officially took over the social network with a $44 billion acquisition on Thursday evening, he fired its CEO Parag Agrawal, CFO Ned Segal, and legal policy chief Vijaya Gadde. However, these three individuals enjoy "golden parachute" clauses in the acquisition deal, so Musk must pay them over $200 million in severance.Additionally, it was reported that Agrawal, Segal, and Gadde collectively own about 1.15 million shares of Twitter, with more than half owned by Gadde, valued at $33.8 million. Musk will purchase the shares held by these three individuals, worth approximately $62 million, just like he would for any other shareholder. (source link）

According to ChainCatcher news and a report by Decrypt, Solana co-founder Anatoly Yakovenko explained the recent network outage issues in a latest interview. He stated that one of the reasons for this outage was a misconfigured validator that confused the Solana network, making it unable to determine which fork was correct, ultimately leading to the network halt.Anatoly Yakovenko believes that the second Solana client, Firedancer, announced in August will be a "long-term solution," as it will have its own independent software development team. Jump Crypto hopes that Firedancer will significantly scale Solana, enabling it to handle more transactions in a more efficient manner over the next one to two years.Anatoly Yakovenko emphasized that the Solana network outage does not put any users' funds or program states at risk, as Solana has 2,000 different validators and about 3,400 different network replicas. Therefore, in the event of a severe failure, there are plenty of backups to choose from. Anatoly Yakovenko claimed that as long as one of these replicas survives, the entire network can be effectively restored.It is reported that since its launch in 2020, the Solana blockchain has experienced five major outages, three of which occurred in 2022, each caused by errors in the Solana code or network. (Decrypt)