ChainCatcher news, Bitcoin sidechain development company Nomic expects to launch nBTC supporting IBC on October 30. Users can directly transfer Bitcoin to the Cosmos ecosystem using Bitcoin addresses through Nomic's cross-chain bridge.

ChainCatcher message, according to the announcement during the Cosmoverse 2023 conference on October 3, users can transfer Bitcoin to the Cosmos network via the Nomic bridge on Osmosis, with a fee of 1.5% of the transaction value, and users will receive Nomic Bitcoin (nBTC) on a 1:1 basis.It is reported that nBTC is an IBC-compatible token issued by Nomic Chain and supports users providing liquidity on Osmosis. They can also be used in over 50 application chains linked to the Cosmos network.

ChainCatcher news, MakerDAO is executing a governance action that bundles eight proposals, which include: paying delegate salaries (a total of 20 delegates will receive a total of 103,230 DAI), increasing the DAI interest rate (from 0.01% to 1%), removing renBTC as collateral for DAI, using GnosisDAO governance token GNO as collateral, changing Starknet DAI bridge parameters, launching BlockTower real-world assets Vault, MKR allocation, and MOMC parameter changes.It is reported that the above proposals have been approved by community voting, and the protocol refers to this as "the most significant deployment of 2022." (The Block)

ChainCatcher news, MakerDAO officially announced that the MakerDAO governance department voted to cancel the RENBTC-A vault type, and all renBTC-A positions with a collateralization ratio below 5000% will be liquidated after the vote confirmation on December 7. The cross-chain protocol Ren was acquired in collaboration with Alameda and the former leadership of Ren, but due to Alameda's bankruptcy, the Ren development team will disable Ren 1.0 minting and shut down the Ren 1.0 network after 30 days.According to the recommendations of the risk core group, disabling minting means that renBTC could potentially decouple, while disabling burning means that MakerDAO will delist collateral for a limited time to reduce future potential risks. The MakerDAO governance department approved a series of liquidation parameters, and users still have the opportunity to avoid liquidation before the vote passes. (Source link)

According to ChainCatcher news, PeckShield monitoring indicates that the FTX hacker address starting with 0x59ab has transferred approximately 15,000 ETH to a new address starting with 0x8059 and has begun trading ETH for renBTC. (Source link)

ChainCatcher news, PeckShield monitoring shows that the FTX hacker has bridged funds to the Bitcoin network via renBTC, and the current Bitcoin address holds approximately 2,444 Bitcoins (about 40.4 million USD).According to ChainCatcher previous report, the FTX hacker converted 25,000 ETH to renBTC and still has 200,735 ETH remaining in that address. (Source link)

ChainCatcher news, MakerDAO announced that in response to the current market conditions, Maker Governance has made changes to several Vault parameters.The maximum debt ceiling for MATIC-A is reduced to 10 million DAI. The maximum debt ceiling for LINK-A is reduced to 5 million DAI. The maximum debt ceiling for YFI-A is reduced to 5 million DAI. The maximum debt ceiling for RENBTC-A is reduced to 0. The maximum debt ceiling for MANA-A is reduced to 3 million DAI. The stability fee for MANA-A is increased to 50%. The liquidation penalty fee for MANA-A is increased to 30%. (source link)