ChainCatcher message, on-chain analyst Maartunn shared IntoTheBlock data on X stating: "In the past year, miners' Bitcoin balance decreased from 1.99 million BTC to 1.90 million BTC, a decline of 4.74%. Miners are steadily selling, but the amount is not large. This suggests that they may be selling some BTC to cover operational costs."

ChainCatcher news, according to Blockworks, the regulatory actions led by SEC Chairman Gary Gensler are becoming a fixed operating cost for crypto businesses, which may affect the pace of innovation in the industry and the development of new projects.ChainCatcher previously reported that the U.S. Securities and Exchange Commission (SEC) reached a settlement with the cryptocurrency lending platform Rari Capital. The SEC alleged that Rari's tokens constituted unregistered securities and questioned the authenticity of its automatic rebalancing mechanism. Over the past year, at least a dozen crypto-related companies, including Uniswap Labs, eToro, and Binance, have reached settlements with regulators, paying a total of over $4.3 billion in fines.

ChainCatcher news, Coinbase announced plans to sell $1 billion in bonds to institutional investors on March 12, 2024. This initiative aims to raise funds to repay existing debt and cover the company's operating costs. Coinbase will offer convertible senior notes, which will mature in 2030 and can be converted into Coinbase's Class A shares, cash, or a combination of both. This bond issuance could increase the company's total liabilities to $4 billion.

ChainCatcher news, according to the official announcement, at 8 AM Beijing time today, the OP chain launched the Delta upgrade, introducing the span batches feature, which reduces the fixed operating costs of the OP chain by over 90%.This is the first OP stack feature built by Test in Prod as a core developer of the Optimism Collective.

ChainCatcher news, Haru Invest CEO Hugo Lee sent a letter to Haru Invest members stating that the servers are planned to be temporarily shut down on November 4, 2023, to save on operational costs, with an expected monthly savings of over $5,500.Lee stated that the measure aims to restart the servers in a timely manner to allocate member assets in the future, but it is currently difficult to predict the restart time. In addition, to prevent potential confusion among members during future server restarts, important member information (email accounts, asset sizes) is being backed up in various forms.

ChainCatcher message, the on-chain proposal "to sell 10,000 ETH to cover operational costs for the next two years" proposed by the Ethereum Name Service (ENS) DAO community has now been approved. This proposal is currently awaiting execution alongside the previously approved working group funding request proposal. (Source link)

ChainCatcher news, according to a report by the South China Morning Post citing sources, the crypto financial services platform Amber Group is significantly cutting operating costs and initiating layoffs. The company stated it is "prepared to take an extremely conservative stance to go further in the crypto market," affecting supportive roles within the company, including IT, risk management, audit, and compliance, with its total number of employees in Hong Kong being halved to 40.The source also revealed that Amber Group has relocated its office from the Central Business District of Hong Kong to a cheaper office in Causeway Bay and has delayed payments to third-party vendors, including technology services, recruitment agencies, and consultants, some of whom have been owed payments for as long as six months.Previously, according to the crypto data platform RootData, Amber Group announced the completion of a $300 million Series C funding round last December, led by Fenbushi Capital US, with other crypto-native investors and family offices participating. (Source link)