ChainCatcher message, Fuel posted on X that users participating in the pre-depositors points activity must migrate their assets from the Ethereum mainnet to Fuel Ignition before 11:59 PM UTC on November 22 to retain their Phase 1 Fuel points. Users who migrate after this time will have their Phase 1 points reset to zero.

ChainCatcher news, according to The Block, the Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. WalletConnect stated that registration for the WCT airdrop will open on September 24, with eligibility based on usage of the WalletConnect network.WalletConnect CEO Houlgrave mentioned that the initial supply cap for the WCT token is set at 1 billion, with 18.5%, or 185 million tokens, allocated for the first season airdrop. Houlgrave noted that this airdrop will cover WalletConnect's end users, as well as wallets, applications, nodes, software development kits, and communities that have contributed to the success of WalletConnect.To participate in the WCT airdrop, users must register by connecting their wallet, linking their GitHub account, and providing an email address. Eligibility requirements include having an Ethereum address, actively using WalletConnect, or contributing to open-source projects. The first season airdrop will end on October 11, at which point token distribution will occur. Any unclaimed tokens will be redistributed to future airdrop seasons. Initially, the WCT token will be non-transferable, and transfer functionality may be enabled through community governance in the future; tokens cannot be transferred between wallets until all features are activated in 2025.WalletConnect Inc. has been renamed to Reown, focusing on user experience, and has established the WalletConnect Foundation, which will oversee the WalletConnect protocol and ensure the network's growth, security, decentralization, and ecosystem expansion.

ChainCatcher news, the ApeCoin Foundation has released the transparency report for the first quarter of 2024. As of March 31, 2024, the main status of the ApeCoin treasury is as follows:Total holdings of approximately 326 million APEAccounts payable of 255,060 APEGrant reserves of 59 million APENo APE inflow this quarterOutflow of 1 million APE for operational expenses, of which 148,627 APE were used to support community activitiesTotal grants from the foundation amount to 20.6 million APEThe report also shows that 20 previously community-approved AIPs (ApeCoin Improvement Proposals) and 1 specially council-approved AIP are being executed as planned for payment. In addition, the community approved 9 new AIPs this quarter and initiated related payments.

ChainCatcher news indicates that the number of Bitcoin addresses holding at least 10 BTC has decreased in 2024. At the beginning of this year, the number of such addresses was approximately 155,500, but it declined in the first quarter, reaching a low of about 152,600 in late March. This decline is contrary to the price trend of Bitcoin during the same period, reflecting profit-taking by smart money. However, as Bitcoin's price stabilized around $60,000, the number of addresses holding more than 10 BTC reversed in August, rising to 153,500. Historically, the number of addresses holding at least 10 BTC has shown an upward trend, especially since 2015, when the price of Bitcoin skyrocketed from below $500 to over $60,000 in 2021. This long-term growth highlights the increasing accumulation by large holders, which is often seen as a sign of confidence in Bitcoin's value proposition. However, the mid-2024 decline suggests that as the market adjusts after the "unlocking," Bitcoin will be allocated or redistributed in the short term.

ChainCatcher news, according to official sources, the cross-chain service deBridge has announced the official establishment of the deBridge Foundation. This foundation will be obligated to serve the interests of the entire DAO and its key participants, including core contributors, strategic partners, and the community. Governance will empower DBR holders to shape the future of the protocol.At the same time, the foundation has launched the DBR Checker, a tool that allows community members to preview the DBR tokens generated by the first season of the deBridge Points event.

ChainCatcher message, the Eigen Foundation officially announced on social media that there are less than 30 days left until the deadline for claiming the EIGEN Season 1 airdrop. Users need to claim before 11:59 PM Pacific Standard Time on September 7, 2024. More details about Season 2 will be announced later this month.

ChainCatcher news, the AI project gm.ai launched by the founder of Whales Market has announced that it has completed the snapshot and opened the redemption window from Diamonds to GM. Users have a 24-hour period to redeem.The project team stated that to ensure fairness and prevent bot operations, each user will have 20,000 Diamonds reserved for the second season. For example, a user holding 100,000 Diamonds can now redeem 80,000 for GM, and the remaining portion will be available for redemption in the next phase.

ChainCatcher news, according to CoinDesk, the cryptocurrency speculation index from Capriole Investment shows that the excessive speculative behavior prevalent in the first quarter has dissipated, indicating that Bitcoin may experience a bullish price trend again.The speculation index, which measures the percentage of altcoins with a 90-day return higher than Bitcoin, has stabilized below 10%, a significant drop from nearly 60% in January.

ChainCatcher news, the official zkRollup network Zircuit announced on social media that the mainnet is about to launch.The snapshot of Zircuit points earned from Season 1 (staking and previous activities) will be taken on July 7. Season 2 will start on July 8.

ChainCatcher news, Polygon Labs announced the launch of a 1 billion POL community grant program CGP, with 35 million MATIC allocated to projects built on Polygon in Season 1. Applications are open today and will close on August 31, 2024. Polygon Labs stated that a community treasury has been created based on community consensus, which will unlock 1 billion POL over the next 10 years, approximately 100 million POL per year, all for builders.

ChainCatcher news, according to Jinshi reports, the annualized quarterly rate of the actual GDP in the United States for the first quarter was revised to 1.3%, in line with expectations, and is the lowest since the first quarter of 2023.

ChainCatcher news, as the new ETFs focused on cryptocurrency strategies are launched, the hype is back in the market, and new funds focused on cryptocurrency strategies are being launched at a faster pace. According to Crypto Fund Research, 25 new venture capital and hedge funds were established in the first three months of this year, the highest number since the second quarter of 2021. This is double the number of funds that closed during the same period and nearly three times the 9 funds that emerged in the first quarter of 2023. Last year, after the asset class struggled in a bear market, the number of newly established crypto funds barely exceeded the number of funds that closed.

ChainCatcher news, according to a post by ETH Daily, the Ethereum Pectra upgrade is scheduled for the first quarter of 2025. This upgrade is expected to include EOF, Peer DAS, EIP-7702, and other proposals.

ChainCatcher news, the liquidity re-staking platform Swell Network tweeted that it is currently finalizing the necessary arrangements for the TGE, including an audit of rswETH withdrawals, but the exact date of the TGE cannot be determined yet, and it is expected to take place in the coming weeks. Meanwhile, Swell will increase the token allocation ratio for the first season (The Voyage) from 7% to 8%, and is developing mechanisms to reward the loyalty of long-term community members in the airdrop.

ChainCatcher news, Bitcoin mining company BitFuFu announced its unaudited first quarter financial report for the period ending March 31, 2024, with total revenue of $144.4 million, an increase of 149% compared to $58 million in the same period of 2023; revenue from cloud mining solutions was $81.5 million, up 181% from $29 million in the same period of 2023.As of March 31, 2024, its consolidated cash, cash equivalents, and digital assets balance was $163.7 million.Due to the increased difficulty in BTC mining, BitFuFu's self-mined BTC output in the first quarter decreased by 11% from 1,239 BTC in the same period of 2023 to 1,103 BTC. Revenue from Bitcoin self-mining operations was $60.1 million, an increase of 117% compared to $27.7 million in the same period of 2023. (Globenewswire)

ChainCatcher news, the April blockchain gaming industry report jointly released by DappRadar and the Blockchain Game Alliance shows that the investment scale in the blockchain gaming sector reached $988 million in April, setting a new high since January 2021. During the same period, the number of daily active wallets in this sector also hit a record, reaching 2.9 million. In the first quarter of 2024, the total investment in blockchain games was $288 million, with the investment in April alone more than doubling this amount.The report pointed out that players' interest in in-game digital assets has increased, and the "play-to-earn" model continues to drive player participation. In terms of specific platforms, Ronin's "Pixels" topped the charts in April, surpassing the previous market leader Polygon. The blockchain gaming industry is showing strong signs of recovery, and it is expected to continue its brilliance in the future with new technologies and innovations, as industry giants Ubisoft and Square-Enix are also further positioning themselves.

ChainCatcher news, Jaffe Tilchin and three other companies disclosed their investments in Bitcoin spot ETFs during the first quarter. Jaffe Tilchin invested $11.3 million in Bitcoin spot ETFs in the first quarter, including $9.8 million in IBIT and $1.6 million in GBTC.WealthPlan disclosed a $2.2 million investment in GBTC, Skyview disclosed a $1.3 million investment in GBTC, and Comerica Bank invested a total of $647,000 across four ETFs.

ChainCatcher news, Bitcoin mining company Bitfarms Ltd. announced its financial performance for the first quarter ending March 31, 2024. In the previous quarter, its hash rate reached 7.0 EH/s, up from 6.5 EH/s in the first quarter of 2024, with an average daily production of 10.4 BTC.In addition, Bitfarms' total financial revenue for the first quarter of 2024 reached $50 million, a 9% increase from $46 million in the fourth quarter of 2023; the operating loss was $24 million, which includes $19 million in accelerated depreciation of old mining machines, compared to an operating loss of $13 million in the fourth quarter of 2023, which included a non-cash reversal of $1 million in digital asset revaluation losses and $2 million in non-cash impairment expenses.The company produced a total of 943 bitcoins in the first quarter.

ChainCatcher news, North American Bitcoin miner Hut 8 announced its Q1 2024 performance. As of March 31, 2024, Hut 8's mining operations managed an energy capacity totaling 884 megawatts, distributed across six locations in North America. It has approximately 54,500 mining machines, totaling about 5.5 exahash (EH/s) per second. Hut 8's Q1 revenue increased from $15.6 million to $51.7 million, an increase of $36.1 million; Hut 8's net profit rose by $233.5 million, reaching $250.9 million; adjusted EBITDA increased from $11.1 million to $297 million, an increase of $285.8 million. In Q1, Hut 8 mined 716 bitcoins, and as of March 31, 2024, its total self-mined Bitcoin balance was 9,102 coins, with a market value of approximately $648.9 million.

ChainCatcher news, CoinShares International Limited released its quarterly financial report as of March 3, 2024. CoinShares' revenue, earnings, and other income for the first quarter of 2024 amounted to £43.9 million, compared to £13.9 million in the first quarter of 2023; the adjusted EBITDA for the first quarter of 2024 was £34.2 million, compared to £7 million in the first quarter of 2023; the total comprehensive income for the first quarter of 2024 was £34.1 million, compared to £2.9 million in the first quarter of 2023.